US Senate Virtual Currency Hearing Summary

dan at dan at
Wed Nov 20 05:44:09 PST 2013

 > Add/Correct/Discuss.

The Senate is nearly irrelevant.  It is the regulatory bodies
that matter.  While Congressional members cannot be bothered
even to read the 1,000 page bills they pass, in the meantime
the regulations to implement them are beyond reading -- like
the Obamacare regs that are 30x as long as law itself.

As a cogent, current, and contemptible example directly relevant
to the practice of planning for unexpected events and all that
that entails, see how the Commodity Futures Trading Commission
is destroying prediction markets including non-U.S. ones.


Neca eos omnes.  Deus suos agnoscet.

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