samedi 12 avril 2014

How I feel about the Bitcoin Expo after day 2


So today was a bit more structured. I attended what I could and checked out the expo booths some more.


Overall, there was a general agreement on a few things:




  • Regulation isn't that bad, it can give legitimacy to Bitcoin. Canadian regulators appear to be on the side of Bitcoin.




  • Taxation with Bitcoin is a headache. Canada lacks clear tax guidelines and US is a bit of a mess due to the new regulation on what really is Bitcoin. If someone wants to develop accounting software to tackle all of these problems, you will probably get good business.




  • Future of cryptocurrencies is in the plurality of coins, not just one coin. It's not about "us vs them", we're in this together. Also, Taaki has a really amusing way of saying "Dogecoin" ;).




  • War with currency like Bitcoin is rather pointless and not a cost effective endeavor.




I will probably elaborate on a few of those topics in greater detail once I'm back from the conference.



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