On: Bitcoin down 60% to $100

[cmutty]

and just wait for the SEC to reverse their recent no action decision when the people on the losing end start crying foul.

[CodeCube → cmutty]

I'm actually really curious, how could the SEC (or any agency) take any action here? Sure, they can make rules that say you shouldn't trade bitcoins, or maybe even threaten fines ... but for someone who doesn't care to report their activity, is there any way to be "Stopped" from doing so?

[cmutty → CodeCube]

By no means am I a securities or legal expert but the SEC has authority to regulate any marketplace, exchange, or "investment opportunity" to ensure investors are protected from fraud.

[antr → cmutty]

and that's when, with regulation and control, decentralisation and anonimity vanishes

[sneak → antr]

...in your country, maybe. Bitcoin runs on IP and FinCEN isn't everywhere.

[antr → sneak]

Please, follow the conversation. We are talking about the SEC and users crying foul. Not the impact bitcoin will have today, or tomorrow.

[sneak → antr]

Does it really matter which US-based regulatory body I'm dismissing as irrelevant? The long-term impact of Bitcoin is way bigger than any one country or culture.