DO BITCOINERS THINK THE BITCOIN FOUNDATION IS A SCAM? – TDV WEEK IN REVIEW, SUNDAY, JANUARY 18, 2015

Originally appeared at Bitcoinomics. Net
The Bitcoin Foundation has an image problem, and recently it took to Reddit to improve its reputation.
A common concern among the Bitcoin community is that The Bitcoin Foundation is playing softball with government agencies and paving the way for regulation on Bitcoin. Patrick Murck maintains that this is not the Foundation’s intentions:
I’ve found that bitcoin plays well with both political parties in US. Sometimes for different reasons. For us the strategy is to be a resource on the technical rules that govern bitcoin and the social contract that allows the bitcoin network to regulate itself. We can be that resource for politicians or other groups and associations doing work on the ground.
For a lot of the traditional financial companies (banks and other investors on Wall Street), regulation is seen as validation. Whether you agree with that or not, some level of appropriate regulation will bring in new participants to the bitcoin ecosystem and seems inevitable.
Keeping that regulation sane and focused on actual risks is important.
Still, others have other, more acute terms.
I just took the time to read all the comments to date to see if a certain concern had been addressed, opting to not search the page.
Sadly, it had not, but at least I was amused with all the softball questions that I can’t help myself from thinking some were contrived beforehand to control the narrative.

This post was published at Dollar Vigilante on JANUARY 18, 2015.