4 entries
Indiana University astrophysicist Jonathan Thornburg raises concerns about government regulation and botnet exploitation of Bitcoin, arguing that no major government would allow untraceable international transfers and that botnets could move $100K by having a million nodes each send 10 cents.
Mike Hearn asks Satoshi whether the Electronic Funds Transfer Act could apply to Bitcoin and if the inability to do chargebacks risks making it illegal.
Satoshi discusses Bitcoin's legal status and positioning, arguing that Bitcoin can be used legally for many purposes.
Seven Chinese government regulators jointly banned all ICOs and ordered domestic cryptocurrency exchanges to shut down. China had been the world's largest Bitcoin mining hub and trading market. Bitcoin's price dropped sharply, but miners relocated to other countries and trading shifted to decentralized platforms.