With the recent Senate hearings that could determine Bitcoin’s fate (in the U.S. at least) there’s one word that’s been on the tip of many a tongue: Regulation. We’re told that Bitcoin could fund terrorism, fuel the “wrong” side of the drug war and even promote that hottest of hot-button issues: child pornography. The answer, we’re told, is regulation. Just let the government decide who’s allowed to do what and everything will be fine. Even if you agree with this perspective there’s just one little problem: Bitcoin is very nearly regulation-proof. [Read more…]
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