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This one should not be skipped!
There is a fascinating precedent set by case law and the long battles over PGP and US "munitions" laws, that gives us a rather clear conclusion on how Bitcoin should be treated by the US government. The short version? Bitcoin is speech, plain and simple, and should be subject to a total of *0* federal or state laws on money transmission, KYC/AML, financial regulations, etc. This is not an opinion, but an objective and clear truth. Listen to a thorough argument from @beautyon_ explaining exactly why.
Don't forget to drop some applause on the original article over at the HackerNoon Medium page:
https://hackernoon.com/why-america-cant-regulate-bitcoin-8c77cee8d794
Below is another excellent article by @beautyon_ we covered recently about Bitcoin, and the nature of system critical software:
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_254---Bitcoin--Software-Reliability-e46lnu
"Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title...
"If your money requires permission to be spent, it is not your money. If your money has counterparty risk, it is not money—but credit....
With thousands of ICOs and altcoins out there, how on earth can we tell a difference? And are they all better and faster versions,...
![CryptoQuikRead_260 - Why America Can't Regulate Bitcoin [beautyon_]](https://episodes.castos.com/6626b866f2af87-36468692/images/1741352/c1a-9mg94-zo5nz5zvug08-4yyrcb.jpg)