Cleveland Bitcoin

Name: Discuss BitLicense @ The Wine Spot
Start: 2014-08-20T23:00:00Z
Location: @ The Wine Spot

Discuss BitLicense @ The Wine Spot

Aug 20, 2014 · 7:00 PM
@ The Wine Spot

A lot of new members have been joining our group lately, would be nice to meet and greet. Also, let's use part of this meetup to discuss what the new BitLicense framework is all about. Particularly interested to hear from miners and investors on this topic. http://www.coindesk.com/new-york-reveals-bitlicense-framework-bitcoin-businesses/

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Jason S.

Great discussion. Wish I could have stayed longer.

0 · August 21, 2014
Joe D.

And if anyone can forward me the info for the Youngstowners in this group, that would be awesome!

0 · August 21, 2014
Joe D.

Original: http://www.dfs.ny.gov/about/press2014/pr1407171-vc.pdf

GitHub: https://github.com/onenameio/proposed-bitlicense-regulations

http://news.genius.com/: http://news.genius.com/New-york-department-of-financial-services-proposed-bitlicense-regulations-annotated

0 · August 21, 2014
Jason S.

I'll likely be there early around 6pm. Blue jeans + grey/blue Tshirt sipping the finest ales in the joint!

0 · August 20, 2014
Joe D.

Looking forward to meeting everyone!

1 · August 13, 2014
Dustin C.

Reading that article makes my head want to explode! As a staunch Libertarian, I'm endlessly tired of dealing with government trying to "regulate" everything under the sun, to "protect the consumer (or public)". The states of NY and CA have some of the highest taxes and the most regulations compared to most of the other states in this country. I wonder why so many people and businesses are fleeing those two states in the past 10 years.... FYI, I've had many cups of coffee this morning. ;)

0 · July 21, 2014
- View all 3 replies
- Nikhil C.
  
  Yup, it seems this issue has the blood boiling in many! It is quite a task this Lawsky has decided to take on. As for regulation in general, I am conflicted. This type of regulation definitely stymies innovation and the ability to grow Bitcoin businesses, and it seems like standard-issue policy overkill. Yet, mass merchant adoption requires support by regulators, as business owners need assurance they are not taking on unnecessary risks - the first question they ask is "Is this in any way illegal?" and they won't take the Bitcoiner's word for it. I wonder if this could all have been solved by simply doing what California did, declare Bitcoin as "money" and carry on. There are simply too many different types of uses and users of Bitcoin to blanket some sort of comprehensive new regulation over it. I dunno, looking forward to the discussions it brings though.
  
  0 · July 24, 2014
- Nikhil C.
  
  So, here is an example. Wikimedia announced their acceptance of Bitcoin donations today. They indicate that the IRS guidelines encouraged their decision to once again look at Bitcoin. So, as for regulations, I wonder what an "appropriate" method is to move forward? Much of BitLicense is lunacy, such as its basic (and impossible) attempt to encompass an entire technology platform. But, are there other regulatory pathways which could be invited to the table so those looking for regulatory guidance have somewhere to turn, while those against regulations do not feel infringed upon?
  
  0 · July 30, 2014
- Nikhil C.
  
  https://blog.wikimedia...
  
  0 · July 30, 2014