Coin Validation about to kill bitcoin for me
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will the FTC also go out of their way to conform as much as they can to US regulation?
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Coin validation will be very difficult to implement on a world wide scale. It boils down to acceptance of the users of this new coin listing (blacklisting etc) that will determine if it is a success or not.
Just like the acceptance of Bitcoin itself as payment…
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[quote name=“adamstgbit” post=“34508” timestamp=“1384632606”]
will the FTC also go out of their way to conform as much as they can to US regulation?
[/quote]It’s not so much that the ability to do it exists that has people up in arms, it’s that there’s people representing the Bitcoin Foundation advocating it and keeping themselves arms length away from the user base and patronizing them saying they know best.That’s unlikely to happen on a currently smaller coin since it’s continued success does hinge on user perception.
Regardless, CoinValidation is essentially a garbage service like Yelp!. It’ll eventually be discredited through the normal course of business. Just refuse to do business with anyone that advocates it regardless if you potentially have “dirty” money or not. The problem will take care of itself.