Mendenhall

Did they do this to "protect" people, or for more control?

Almost any ban can be said to be done to protect people.

Cant have them reading some books for their own good!

#1 Nothing more than what is needed. I agreed with many of his points, but I always place this as number one.

Anything "big" causes me to pause and count the concerns. The bigger any entity is the more damage they can cause. I tend to support "small" things as best I can.

I have read FinCen guidelines and not being a lawyer its not clear to me. In one part it seems to say its fine but in another it appears to be able to fit into "exchanger"

I find it odd to have not found an easy clear answer to this at this point.

Please link to some information.

I would also add that there are many cryptos, that comes into play in a few ways. One major difference with traditional "money" right now is the wild price fluctuations. You can have $100 worth of a crypto one day and the next its worth $1000. In some ways that is bad, but in others it is very very good!

I am no bitcoin evangelist by any means, but I do try to see both the positive and negatives. With taxes I have a feeling in due time because of the "recorded" nature it will be even easier to track than cash. How is the government supposed to collect taxes if I sell someone a baseball card for $1000 cash? I personally would pay taxes on cash or crypto just to avoid any hassle.

I would say much of the negativity is because certain very large institutions have a huge incentive to not want bitcoin to "succeed" and would paint it in a negative light any way they could.

While I am sure those reasons play a part I think thats not even close to all of what makes it valuable. Ease of use is a huge one. I can set up a wallet in less than a minute and someone from across the world can send me bitcoin in the time it takes for it to clear the block, other cryptos even faster.

One can post their wallet address and make jokes on social media and receive bitcoin just because people like the content and are happy to support it. (yes that works)

You can receive bitcoin without giving anyone your name,address,etc,same with sending it to someone and do so for legal purposes.

Try to do any of those 3 above with dollar bills and its just not even in the same realm. I see great value in that.

Please post what he said is incorrect. I read the article and found he is mostly correct depending on models etc. Perhaps I missed something but there were no blatent lies etc from my reading.

I notice most articles and news coverage dont get too much into the details. Its nice to hear some counterpoints.

I find it interesting this article says nothing about the actual details of the agreement.

I would say people.