Re:Show HN: Adblock to Bitcoin
by clarkmoody on Wednesday December 09, 2015 @01:25PM
(#10705639)
Well you don't have to go through an exchange to get bitcoin. And you can use the coins for anything, including tipping. This contrasts with "buying in" to a tipping service and locking up some of your money.
Also, there a plenty of governments that have placed Bitcoin squarely within the regulatory framework already.
Bitcoin is not fundamentally different. It decentralizes the role of the bank, but adds the step of currency exchange to get bitcoins in the first place. These currency exchanges have to comply with anti-money-laundring regulations that are very similar to those of banks, so they have to know your identity too.
The only advantage bitcoin currently has is that not all governments have gotten around to figuring out which existing regulations apply to bitcoin related businesses.