News for hackers. Stuff that matters.

A comment on Germany Sets Standard for Bitcoin Regulation. Parent comment

Re:Germany Sets Standard for Bitcoin Regulation by dragonwriter on Monday August 19, 2013 @04:34PM (#6239613)
> You can regulate things around bitcoin (ie exchanges), but you have no direct control of whether or not a wallet is able make transactions.

In this respect, this is no different than most things government regulates, including money-in-the-form-of-coins-and-scraps-of-paper.

[ Parent | on HN ]
Re:Germany Sets Standard for Bitcoin Regulation by cracker_jacks on Monday August 19, 2013 @04:50PM (#6239725)
The difference is ease, physical currency is much harder to break apart and move around in large sums without eventually going through something the government regulates. If you kept your transactions entirely in bitcoin, I do not see how anyone could control what you do.
[ Parent | on HN ]