Quote from: cypherdoc on January 31, 2014, 11:38:20 AM

Quote from: davidpbrown on January 31, 2014, 11:34:30 AM

Quote from: CoinCidental on January 31, 2014, 11:23:27 AM

its impossible to regulate a decentralised worldwide network
let them try

It's possible for them to frustrate it though. If they see and understand the opportunity, then that is substaintially different to them seeing some random risk from something new they don't understand.

Key to wider adoption, will be that it's simple access. If you can walk to your local corner store and give money in exchange for the confirmation that transfers BTC to you, then that's a big difference from what we have now with exchanges that are rather a gamble to use.

If regulation is simply a requirement for KYC as people move in and out of fiat, then that's as expected. If regulation is instead made in error to pander to the concerns of ye olde banks losing market share, then that could be a real problem relative to what Bitcoin can offer the wider economy. The NY Hearings panel seem to have made key points and the questions asked were sensible, so I hope other regulators worldwide are becoming wise to what Bitcoin is beyond just currency|commodity.

The atms are going to play a huge role in this.

Now getting a hold of some coin is trivial. Liquidity is going to improve substantially.

Did the hearings imply a 2-way bitcoin ATM will be able to come to NYC in the near future? If so, this is huge.