Quote from: acoindr on February 27, 2012, 05:56:21 PM

Quote from: zer0 on February 27, 2012, 05:46:44 PM

Quote from: naomioleary on February 27, 2012, 11:56:01 AM

One guy I spoke to set up an exchange, but had to close it down because US financial services regulations made it impossible for him to develop it into a legitimate business. Is regulation the major obstacle for Bitcoin becoming more widely used? Does anyone have any idea what specific regulations are the problem?

Naomi

Look up what happened to the people who ran e-gold and 'Liberty Dollar' (Bernard von NotHaus), and all the Liberty Reserve and other exchangers rounded up in the US circa 2005-2007.

The US has always been poisonous to innovation in digital/alternate currencies which is why until now most were based in Malaysia, Russia/CIS and Canada

The key difference with Bitcoin, of course, is that no government can shut it down because there is no central authority to target.

Which is the true awesomeness of bitcoin, imho and total game changer in the DGC world