Post
Topic
Board Bitcoin Discussion
Re: Petition-letter to regulator Ben Lawsky of NY "The World is Watching on Bitcoin"
by
Bostonbitcoin
on 05/02/2014, 13:08:05 UTC
Exactly!  Those two comments bothered me as well.

We included the 1000 flowers comment in the letter.

The other point would be great to include as well if we had space.

It's so odd for a regulator to suggest that as a solution to the massive burdens of regulation "oh, just have venture capitalists pick the best businesses and fund them"

First off all it's terrible business....VCs have enough risks without adding $2-3 million on regulatory costs which offer no ROI, second it discriminates against small and lifestyle businesses ...which are BY FAR the biggest employers in the US and the world.   Very wrongheaded thinking.