Re: Begining of the END for BTC. Bitcoin is becoming ultra regulated currency
BTC is becoming peace of shit ultra regulated currency like USD, YEN, etc. and I don't like it. Probably true crypto believers will abandoned BTC soon if not even sooner:
http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7
There will always be some corner on the earth, where Bitcoin will remain unregulated. Companies will set up there and US will lose control http://www.businessinsider.com/nydfs-bitlicense-draft-2014-7
See! Everyone follow this man's advice and start pooling your BTC so we can go and live on a large island in the middle of the ocean, set up a full-on crypto society and thrive away from the regulations!
Tbh, it's not necessarily a bad idea. I'd stay on the mainland, however, and support the island via contributions or a middle-man for sending over commodities and so...
Someone's probably thinking about it now...