Money and State
Money and State
"Give me control of a nation's money, and I care not who makes its laws."

Posts tagged "regulation"

The Importance of Bitcoin Not Being Money

For years, many in the Bitcoin industry have eagerly defined and advocated “Bitcoin as money” to a skeptical world. I share the blame: with certainty I argued that Bitcoin was not only money, but was the best money mankind had ever seen. But in our haste, we misled ourselves and others. Bitcoin isn't money after all. Our mistake, as Bitcoin advocates, was that in our excitement over an early, popular...

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Reflections on the NYDFS Bitcoin Proposal and the Right of Privacy

Today, as human society progresses onward, Coinmap broke 5,000 global business listings, South African payment processor Payfast enabled their 30,000 merchants to accept Bitcoin, and the NY Dept. of Financial Services made financial privacy a crime, supported (at least superficially) by some leaders in the Bitcoin industry. Let's review... The proposed digital currency regulation from Benjamin Lawsky, the Superintendent of 20 million/6 billion people's financial decisions, has been on the...

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