New York Launches BitLicense Proposal – How Bad is it?

Screen Shot 2014-07-18 at 3.05.31 PMRight off the bat, I want to make it completely clear that I first became attracted to Bitcoin from an entirely ideological perspective. Having worked on Wall Street for ten years, I saw first hand the immorality, destructiveness and criminality inherent in our current monetary and financial system. In fact, I became so disillusioned and disgusted with the industry I resigned from a lucrative job in January 2010. Thus began a long journey in which I looked for answers anywhere I could, in most cases finding very few. It wasn’t until I came across Bitcoin and recognized its revolutionary force for good that I became far more optimistic about our future as a species.

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