“Built within the Bitcoin protocol are capabilities to develop other financial innovations, like notary services, encrypted communications, and ‘smart’ collateral contracts. Developers and businesspeople are still learning the myriad applications for this innovative technology. Just as the public debate understates some of the benefits of Bitcoin, it also overstates some of the concerns. The hypothetical crimes that Bitcoin may enable are traditionally committed with cash, but policymakers would never dream of criminalizing cash. Instead, they regulate the use of cash. Regulations targeting Bitcoin could adopt this time-tested approach.”
Related posts:
Judge throws out Abu Ghraib detainees’ torture case citing jurisdiction
Middle East oil companies targeted in cyber war
How The Hungarian Disease Is Spreading Across Central Europe
These Guys Want to Lend You Money Against Your Bitcoin
Mass rally in Venice to call for independence from Italy
Russia Will Probably Hold Rates After Surprise Inflation Jump
China now home to the world’s fastest supercomputer
Nearly 2,500 British bankers paid over €1m, says EU regulator
Four suspected Egyptian militants killed in first confirmed Israeli drone strike
How the Vatican built a secret property empire using Mussolini's millions
Former Speaker Boehner, now a marijuana company lobbyist, says feds should butt out
Report: Obama officials issued $216 billion in regulations last year
Want to play the market? Count the Fed leak weeks
Protest over Taiwanese military conscript’s death draws 100,000
Dozens of British universities join the online education revolution