Post
Topic
Board Press
Re: 2013-08-25 Bitcoin aims to counter regulatory pressure
by
matonis
on 27/08/2013, 18:44:25 UTC
Bitcoin Foundation participants should be applauded for their work in providing free educational sessions for Washington DC bureaucrats. We had highly-capable people in attendance and there is not a lot of glory in that work. It is hardly regulatory favoritism to do the following:

i. Explain the transparency of the block chain;
ii. Emphasize how user-defined privacy and irreversibility is a default within bitcoin;
iii. Demonstrate the resiliency of the decentralized and global Bitcoin network;
iv. Explain how market-based legitimacy is currently winning over legislation-based legitimacy, which is why trading volume is not centered in the US.

For my part, I elected to focus on the developments and good work being done in Germany and other countries while continuing to expand the inclusiveness of the Bitcoin Foundation to other parts of the world. Bitcoin is not US-centric and, with a global footprint, neither is the Bitcoin Foundation.