This is, at most, a bureaucratic throat clearing, or a shot across the bow, if they decide to go after BitCoin in a serious way. This is not even them trying yet.
BitCoin enthusiasts would be well advised to consider this as a chance to get themselves together and figure out how they're going to respond if it does come to that. You do not know when the last such opportunity will emerge. The BitCoin enthusiast community would find it incredibly ill-advised to think that they are in such a good position that they can be as smug as you sound.
Also, you're acting as if the bitcoin community is a single entity that could come so some kind of agreement.. it's not. Just as can be said for the "business community."
Also, the situation is a lot more complicated than you're giving it credit for.
No, it's not. I'm actually quite sympathetic to BitCoin. Skeptical, but sympathetic. I am constitutionally incapable of being "smug" about government power. It is supremely dangerous to think this is the limits of what the government can do. Assuming that I'm "one of them" and using that to discard my warning is also dangerous.
Exactly what you mean by some "complication" in relation to what I said is beyond me. I sure hope you don't think "complication" plays to anyone but the government's advantage.
This is the warning shot. They are coming. Prepare.
I'm calling you the pot simply because you smugly called someone else smug. That didn't have anything to with whose side you're on, or whatever.
This is the warning shot. They are coming. Prepare.
This is just some incompetent corruptocrats. This is not the warning shot. This is not the crackdown.
But yeah, I fully expect the US government will, more likely than not, try to shut down Bitcoin. I think most people who are not naive teenagers do.[1]
One complication is that the US government only truly controls one country, and there are 200+ countries around the world. Bitcoin is useful, and the cat's already out of the bag.
To be clear, I'm not naively saying that it's going to be a successful currency in the long run; we just don't know.
[1] I expect it to be a legally drawn-out process that does not criminalize bitcoin overnight and may not even fully succeed. Also, it's worth noting that the Feds have been insanely pro-Bitcoin so far. Rather than making it illegal overnight, all they've done so far is to release the most pro-bitcoin regulations conceivable.
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Really? Because whatever they're doing doesn't seem to be working very well.
This is, at most, a bureaucratic throat clearing, or a shot across the bow, if they decide to go after BitCoin in a serious way. This is not even them trying yet.
BitCoin enthusiasts would be well advised to consider this as a chance to get themselves together and figure out how they're going to respond if it does come to that. You do not know when the last such opportunity will emerge. The BitCoin enthusiast community would find it incredibly ill-advised to think that they are in such a good position that they can be as smug as you sound.
This is the pot calling the kettle black.
Also, you're acting as if the bitcoin community is a single entity that could come so some kind of agreement.. it's not. Just as can be said for the "business community."
Also, the situation is a lot more complicated than you're giving it credit for.
"This is the pot calling the kettle black."
No, it's not. I'm actually quite sympathetic to BitCoin. Skeptical, but sympathetic. I am constitutionally incapable of being "smug" about government power. It is supremely dangerous to think this is the limits of what the government can do. Assuming that I'm "one of them" and using that to discard my warning is also dangerous.
Exactly what you mean by some "complication" in relation to what I said is beyond me. I sure hope you don't think "complication" plays to anyone but the government's advantage.
This is the warning shot. They are coming. Prepare.
I'm calling you the pot simply because you smugly called someone else smug. That didn't have anything to with whose side you're on, or whatever.
This is just some incompetent corruptocrats. This is not the warning shot. This is not the crackdown.
But yeah, I fully expect the US government will, more likely than not, try to shut down Bitcoin. I think most people who are not naive teenagers do.[1]
One complication is that the US government only truly controls one country, and there are 200+ countries around the world. Bitcoin is useful, and the cat's already out of the bag.
To be clear, I'm not naively saying that it's going to be a successful currency in the long run; we just don't know.
[1] I expect it to be a legally drawn-out process that does not criminalize bitcoin overnight and may not even fully succeed. Also, it's worth noting that the Feds have been insanely pro-Bitcoin so far. Rather than making it illegal overnight, all they've done so far is to release the most pro-bitcoin regulations conceivable.