In bid for credibility, largest Bitcoin exchange moves to Silicon Valley

Re:In bid for credibility, largest Bitcoin exchange moves to... by joe_the_user on Thursday February 28, 2013 @12:36AM (#5297218)

Somehow moving to a location further from the reach of the US government would give me more confidence.

Kim dotcom's case shows the US willing to even break it's own laws to stop things it doesn't like. I suspect Bitcoin isn't a target currently but why bet that the situation won't change. The US arguably will a significant incentive do things to protect its currency if Bitcoin truly becomes an alternative currency.

[ Parent | on HN ]

Re:In bid for credibility, largest Bitcoin exchange moves to... by celticninja on Thursday February 28, 2013 @10:25AM (#5299029)

Only matter is you are from the US. Moving this closer to the US only works for regulating it within US borders, as a peer-2-peer currency there is very little the US could do to affect it globally. In addition this may actually strengthen the currency, as big players get involved and tie up money in BTC then they are more likely to want (and be able) to get the US Govt on side when discussing BTC. This affects the global exchange rate and strengthens the currency outside of the US as people become less worried by ridiculous laws designed to hinder or stop bitcoin's progress.

[ Parent | on HN ]