Re: How many people are here because they like reading about scams?

So yes, some alt that is defined outside of the new regulation will surpass bitcoin, until it itself is regulated, then the cycle will repeat again.

But are they? How broad is the relevant definition in the enabling legislation? Anyone know?

This isn't the terms of broadness of which you are speaking, but Coinbase (headquartered in the U.K.) is already collecting their users' personal information _in anticipation_ of NY state passing laws which potentially effect the entire world.

I was wondering how broad was the definition of "cryptocurrency" because I was worried that someone 'round here would assume that his/her favourite alt was exempt when...

Yep I think the prospects of all-encompassing legislation & regulation are highly likely. The good thing is we will probably still be able to ignore it unless the government implements some serious internet metering and basically goes China on us.