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    Author Topic: Do we want to work with money regulators, or keep Bitcoin unregulated?  (Read 19227 times)
    edmundedgar
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    June 25, 2013, 12:47:20 AM
     #301

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    "We can work with regulators to make sure Bitcoin is acceptable to them. For instance we can ensure that it remains possible to track the flow of money through Bitcoin. We can also ensure that there are options if certain funds need to be frozen and blacklisted, due to fraud, theft, or because they encode illegal data. We can work with them to find ways to apply AML rules to Bitcoin transactions and to the exchanges. There are ways to put taxation into Bitcoin itself, so that taxes are automatically applied when a transaction is made. Maybe even one day we'll be required to prevent dangerous levels of deflation. A lot of these changes are technical, such as improving scalability so transactions can remain on the blockchain, developing P2P blacklist technologies, and preventing deflation."
    Wtf i missed this mass of bullshit! And this is what the "foundation" want to do?? Well now i understand why some wants it to disappear!

    Repeating for people who read the start and end of the thread but not the middle: No, this isn't what the foundation want to do. This is a load of bullshit made up by the OP that nobody wants to do. If you read the original post carefully it's not actually saying they want to do it, but it's phrased in a way to make people think they do.

    There's one actual thing in there that the foundation, along with all non-bonkers people, want to do, which is to improve scalability. By throwing that in with all these straw men the OP is trying to make you to think that improving scalability is part of an evil regulatory plot, in the hope that the Bitcoin network will be crippled at a low transaction rate and people who want to make normal transactions will have to use an alternative solution involving a load of quasi-PayPal type companies, which he happens to be building.
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