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A comment on In Fifty Days, Payments Innovation Will Stop In Silicon Valley. Parent comment

Re:In Fifty Days, Payments Innovation Will Stop In Silicon V... by 18pfsmt on Wednesday May 11, 2011 @09:02AM (#2536247)
How much larger does the Bitcoin economy have to get ( I believe it's currently ~$30M) before the same money transfer companies will start pushing for them to be regulated.

Remember the cab companies going after UberCab?

How about the Louisiana Funeral Directors going after the monks for making caskets[1]?

[1]http://www.techdirt.com/articles/20100825/11152810773/funera...

[ Parent | on HN ]
Re:In Fifty Days, Payments Innovation Will Stop In Silicon V... by joezydeco on Wednesday May 11, 2011 @09:18AM (#2536289)
I'm still new to the bitcoin thing but how can it be regulated?
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Re:In Fifty Days, Payments Innovation Will Stop In Silicon V... by sorbus on Wednesday May 11, 2011 @09:30AM (#2536329)
With difficulty. The most likely way I can see is regulation of exchange markets (which could actually be beneficial to the markets, as a way of showing credibility).
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Re:In Fifty Days, Payments Innovation Will Stop In Silicon V... by joezydeco on Wednesday May 11, 2011 @12:22PM (#2537041)
True, but an exchange market could really pop up anywhere at any time and disappear just as quickly. People could liquidate through Craigslist if they really needed to. If the BTCs have enough distribution and momentum, it'll be around a long time.
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