Bitcoin exists to make it possible for people to make their own bad decisions

1 March 2014 by Steve Blum
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Where’s the fashion police when you need them?

Knee jerk calls to regulate virtual currencies, in order to protect us from a repeat of the total collapse of the Mt. Gox Bitcoin exchange this week, prove two things: 1. there are people in Washington (and, I wager, Sacramento) who must do nothing all day except see what’s trending on Twitter and paste top tweets into boilerplate bills, and 2. there’s a dangerous misconception that personal online behavior can be regulated.… More