"...the fed doesn't have authority to supervise or regulate Bitcoin..."

[datdread]

Janet Yellin: the Federal Reserves will not be regulating bitcoins simply because they have no authority.

This is very good news. Common sense like this is really hard to come by in bought and paid for governance.


http://www.thewire.com/politics/2014...w-hero/358606/

This may also mean that Jamaican banks cannot regulate crypto since they also have no authority.

LeL this is going to be like trading Digicel/Lime credit for goods and service only with better exchange rates.


These people [the government] built the ponzi scheme which IS the USD and they will not just allow something useful to others to go free. It must be tamed, trained and put back into the world as a weapon against liberty, like all other currencies. [Manchin] is a living joke.

[jahman182]

It needs to be regulated so as to legitimize it as a meaningful currency and avoid the wide swings being seen currently. Regulation does not have to come from the Federal Reserve. If it is not regulated consider Bitcoin the next widow maker.

[datdread]

It needs to be regulated so as to legitimize it as a meaningful currency and avoid the wide swings being seen currently. Regulation does not have to come from the Federal Reserve. If it is not regulated consider it the next widow maker.

Naturally. The immediate response is to regulate what we don't understand. Working pretty well so far. See - drug war - banking scandals - patent scandals whatever...

[MOB-Tools]

Bitcoin may be one big farce. What would happen if the big players just up and dissapear. Thats what typically happens in Ponzi schemes. Everybody swear by what they do not understand, then it crashes

[datdread]

Bitcoin may be one big farce. What would happen if the big players just up and dissapear. Thats what typically happens in Ponzi schemes. Everybody swear by what they do not understand, then it crashes

True.

Rich people disappearing with our money is always a problem.


MGTOX just up and disappeared about 500 million crypto.
<insert bank name here> just up and disappeared <insert value here>. To be fair most of these losses were pro'lly just bad investments anyways....but still why the **** are banks allowed to gamble with our money?
US military just up and disappeared $8.5 trillion ( That's a ******* Trillion ) real regulated money 'gone' from a well regulated and respected institution.


No shortage of scammers. Just don't give your money or crypto to them.