@nvk legislators’ gonna legislate, with a complete understanding of the issues or otherwise
@mikeinspace Right; the end game is Distributed Autonomous Corporations that have no physical points of failure that can be targeted.
@01101O10 I prefer “subversive” to “rebellious” but yeah, same general idea :)
@01101O10 unfortunately it’s difficult to ignore the government that rules the area in which you live :-/
@JVWVU1 What do you mean by USD is easier to stop?
5) My only advice to digital currency startups is to strive to operate in a non-custodial manner. This prevents many headaches (for now!)
4) My favorite part is that the legislation levies fees on every transaction. Classic example of govt economic parasitism.
3) And of course this bar effectively prices out many startups. Limiting fintech to the rich is anti-capitalism & anti-American.
2) Requiring $250K in qualified assets & $100K+ surety bond is absurd when cryptographic Proof of Reserve is an option.
1) NC Senate Bill 680 applies legacy MSB regulation to digital currency, is predictably ridiculous. http://t.co/5wTvOxdHrb