Post
Topic
Board Service Discussion
Re: {BFL} U.S. Court halts Bitcoin mining operation Butterfly Labs/Josh/Inaba - FTC
by
headswim
on 24/09/2014, 04:02:30 UTC
I hope the result of all this is the establishment of some laws that will

  • Prevent hardware manufactures from also operating as miners, to prevent them from mining with consumer funds/equipment.
  • Places controls on prices so that manufactures are not over charging for hardware.


The first point is very important.  It's a conflict of interest.  They sell 'used' hardware to customers who believe they are getting 'new, unused' items.  It also causes difficulty to rise sooner, thus requiring the customers to buy 'newer', 'faster' hardware more often.

Yes, because regulation by fiat is EXACTLY what BTC is about. Wait....