‘Bitcoin Needs Better Oversight, But No One Agrees On The Details’ – ‘ReadWrite’
The latest post on ‘ReadWrite’ is titled “Bitcoin Needs Better Oversight, But No One Agrees On The Details”.
Lauren Orsini says, “The implosion of Mt. Gox, the world’s largest Bitcoin exchange, has many cryptocurrency believers and government entities alike agreeing on one thing: The Bitcoin economy needs some kind of regulation to prevent fraud and rebuild trust with users.
That’s the easy part. Exactly what kind of regulation? That’s the hard part. Don’t expect an answer soon.
Bitcoin’s inventor (or inventors), known only by the pseudonym Satoshi Nakamoto, envisioned it as a purely peer-to-peer transactional currency. Instead of clearing transactions through banks, governments or other institutions“.
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