Bitcoins to be regulated by Feds; Nerds and drug dealers disconsolate
 

http://www.newscientist.com/article/...mg21729103.300

[ timeline pic ] ?

go fuck yourself, dork

bitcoin isn't going to be regulated. all feds can do is regulate fiat. any company doing transfers or exchanges of fiat (fiat in, fiat out) for 3rd parties needs to be properly licensed to do so and keep in tact AML/KYC procedures.

not surprised even one bit with their pretty adequate response.

pretty much legitimized btc instantly and also responsible, in part for the surge in value.

from the article

emphasis mine. without fiat involved there wouldn't be any need for regulation. it's all about 'real' money in/money out that's what actually is being regulated. have a look at proper exchanges - they already verify accounts and have fiat limits in place all due to ALM/KYC policies. so in reality that response is nothing new except legitimizes existence of virtual currencies for paranoid ones.

Can i hit it from the front?

This is no news, was discussed here before.

from my cold dead bitcoin hands !

:1orglaugh:thumbsup

They will "attack" sites exchanging BC for cash, and they will hit on them, regulation is a must...

They will take away domains. They will shut down hostings. US has the power to do all this.

Look what they did to Wikileaks dude.

Why does some crappy magazine no one's ever heard of have this story and no one else? is this magazine like theonion.com?

America to the rescue aaaaaaaaaaaaa hahahahahahahahaha

It can't be regulated completely. Not with me trading United States Federal Reserve Notes for bitcoins for a mere 25% fee. They can regulate me when I convert it back to United States Federal Reserve Notes but not the people that I trade with.

wall street will have its fun on btc prior to the fed shutting it down. there's a lot of ground between now and when the fed thinks btc is a threat to a multi-trillion dollar economy, that ground is for wall street bankers to rape and pillage.

I don't remember exactly but didn't the e-gold thing get shut down by the feds?

Yes the central banking monopoly doesn't like competition and they will squash it. They can print up dollars and buy all bitcoins and eliminate it in one days printing. They could make the btc market so volatile that no one would get near them and don't think they won't. Just look at what they do with the stock market and the "working Group."

Smart people in this thread