Mr. Benjamin M. Lawsky Of New York Proposing Formal Bitcoin Regulations

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Source: http://dealbook.nytimes.com/2014/07/29/proposed-rules-expose-rifts-among-bitcoin-enthusiasts/?_php=true&_type=blogs&_r=0

It’ll be interesting to see how this goes down. While I’m not too enthused about more regulations, if it encourages more people to adopt bitcoin, I’m cautiously optimistic.

With that said, bitcoin was for all people, especially the poor and the small startup. Regulations can easily wreck them as they won’t have the money to compete against bigger companies.

And the whole point of btc was to help the little guy wrest back control from big banks and the like.

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