I am sick of seeing this otherwise useful subreddit clogged with posts about some Lawsky and suits in New York. Blockchain.info is a perfect example of how to do business by taking orders from customers, not bureaucrats: : Bitcoin
Beta: New Bitcoin Association! & 1st draft of OPEN LETTER to Mr. Lawsky of NY - Comments please Reddit
Hi- A group of Bitcoiners and I have created a new nonprofit group called the Bitcoin Financial Association. http://bitcoinfinancialassociation.org/ Our first task is a letter to Mr. Lawsky (the chief regulator in the NY hearings) Please read the letter and, if you like it, sign it (and provide advice, point out typos etc.) If you'd like to join the Association, please use discount code RedditB for a free/ 100% discount on the membership (obviously no credit card or anything is required) Just so people are clear with the inevitable questions, happy to answer any --- but a few I know will come up are here: What is it? Bitcoin Financial Association is to be a global advocacy group with the purpose of educating governments, media, individuals, charities and businesses about Bitcoin. Why the letter to Mr. Lawsky? The hearings and the pending New York regulatory action is key because it will in some ways set the precedent for America and even the world. There were a couple great voices on the panel but we felt that an additional voice explaining some drawbacks of regulation might be worthwhile. Anyone who agrees can sign. Those who do not should certainly write their own letters as well. The more the regulators hear, the more careful they will be. Doesn't having a centralized organization defeat the purpose of Bitcoin? This thinking is common but, just as the web is decentralized there is still value in like minded people banning together to have their voice be heard, as a focal point for conferences and events etc. The first action is a perfect example, writing a letter to a regulator or having a meeting has more weight when more than a few companies or people are involved. Why another association? It seems there is a place for many associations and groups in this growing area. Does this compete with other groups and foundations? Absolutely not....the goal is to have a rising tide which lifts all boats. IMHO the more groups and associations the better....if we look at liberal, libertarian or conservative politics, environmental groups etc....these types of movements have a variety of organizations -- each with it's own strengths and style. Why the word "financial" in the name? The association is designed to be broad and open to a variety of Bitcoin supporters - but knowing some of the early interest it seems like a natural leaning toward financial related people and organizations. It also will not focus on issues like the security of the blockchain. What's the goal? Advocacy using the strengths of members and shared voices. Some core beliefs will be in working to keep government regulation out of the Bitcoin industry as much as possible and asking for clarity and reduction of existing regulations which harm Bitcoin. Conclusion We KNOW this isn't perfect - it is a brand new effort and the site is not even working completely yet, the text of the letter is an early first draft etc. etc. Certainly we are not trying to offend anyone, speak for anyone and no one has to join or sign the letter. Constructive comments are helpful.
Ben Lawsky, the former New York Superintendent of Financial Services who spearheaded the BitLicense regulatory framework while in office, has joined startup Ripple's board of directors. Read news and updates about BEN LAWSKY and all related bitcoin & cryptocurrency news. Displaying items 1 - 5 of 5 . Bitlicense Should be Smashed, Candidate for New York Governor Urges. 06/29/2018 - 00:55. NYDFS Superintendent Was Wrong — Bitlicense Severely Damaged Bitcoin Businesses. 04/14/2018 - 05:28 . French Entrepreneur’s Case to Overturn the Bitlicense Dismissed. 01/05/2018 - 11:05 ... Benjamin Lawsky reiterated that regulations will go a long way in promoting Bitcoin adoption and foster healthy competition between the companies. He hoped that the wary consumers will look to adopt Bitcoin and other cryptocurrencies post the licensing, and when the licensed companies report a bigger customer base, it will only push other companies to adopt the framework and apply for the ... NYDFS superintendent Ben Lawsky will be keynoting at the Money 20/20 conference in Las Vegas in November. “As someone who has used bitcoin for payments, savings and a means of wealth transfer for the last half decade, this was news to me,” Carter said. “The more useful distinction is not between ...
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