Re:Proposed New York State Virtual Currency Regulations [pdf]
by innguest on Thursday July 17, 2014 @08:24PM
(#8051036)
Yes, and how has copyright law been faring on the face of torrents?
What I'm saying is that it's silly to try and regulate things that are mathematically designed to withstand any regulation. I do not believe unenforceable laws are the way to go. If the government prefers that we do things differently then it should lead by example, convince by arguments, etc, just like anyone else. Instead they're acting childishly by passing laws that regulate something they don't even understand, and that ultimately are not amenable to regulation.
Re:Proposed New York State Virtual Currency Regulations [pdf]
by _delirium on Thursday July 17, 2014 @11:39PM
(#8051551)
Bitcoin is not "mathematically designed" to withstand regulation. The mathematical aspect of the system involves only its technical operation; it's designed to avoid certain classes of technical attacks on the system. If anything, it's more amenable to certain types of regulation than cash is—paying someone in cash doesn't make an entry in a public blockchain.
Re:Proposed New York State Virtual Currency Regulations [pdf]
by wmf on Thursday July 17, 2014 @10:44PM
(#8051420)
it's silly to try and regulate things that are mathematically designed to withstand any regulation
So basically a might-makes-right war of all against all. Gotcha. That concept isn't in much favor these days.
As for torrents, there is that thing called copyright law.