Tried to post this yesterday but it hasn't appeared yet . . .

Check this out:

http://www.newyorker.com/online/blogs/currency/2013/11/why-regulate-bitcoin.html

Opening paragraph - "We do not think that it is in anyone's best interest for 
digital currency to become an offshore industry or an industry dominated by 
China," said Jeremy Allaire, the founder of a startup called Circle Internet 
Financial, in written testimony provided as part of his appearance, on Monday, 
at a hearing by the U.S. Senate Committee on Homeland Security and Governmental 
Affairs on the risks and benefits of digital currencies such as Bitcoin.



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