Category Archives: Information Technology

Europe: De-Facto Bitcoin Haven

Europe continues to be a hotspot for Bitcoin opportunity. Despite all those “warnings” and misrepresentations by a totally clueless EBA, European countries themselves continue to be  mostly Bitcoin-friendly. Many have established rules the Bitcoin industry can reasonably rely on. Most notably, Germany, France, Switzerland, Austria, Denmark, the Netherlands as well as the three Baltic states have developed into “very Bitcoin-friendly” places.

On top, if a European country happens to be less than what you expected in Bitcoin-friendliness, then in comes that general rule of freedom to do business in all of the EEA (European Economic Area, which includes not only the EEC or EU member countries but also the additional EFTA countries plus Switzerland), and an affected Bitcoin business would be able to re-locate to another member country offering “greener pastures”.

Still, this business and innovation-friendly situation should not be taken for granted either: it is something to be cherished and to be defended against possible future deterioration. Particularly during the early Bitcoin years its significance is not to be under-estimated, for it allows Bitcoin “room to breathe” and to develop largely unhampered by needless bureaucrat intervention.

 

©2015, Mark Mage. Publication or any re-use only with prior written consent.

Canada Re-Considering BTC Policy

Canada, while being hailed as one of the best countries worldwide for Bitcoin businesses, is on record for having a hands-off and very open approach to the overall Bitcoin and digital currency phenomenon.

Still, the country recently appears to be moving toward more regulation. This would be in line with the country’s track record to steam ahead and then revert in order to please its southern neighbour, the overregulated and increasingly stagnant United States.

Whether or not it is good news then, the Canadian Senate is hearing witnesses and experts on Crypto currencies in order to decide future legislative action. Although the committee chairman appears to be enthusiastic and very open about economic and technical chances brought about by Bitcoin, the fact that at least some regulation will result from the hearings is bad news for Bitcoin already. For no regulation is always easier than some regulation, however well-meaning it may be. Had the internet been regulated or censored in the early 90s, it is doubtful that it would have evolved to the ubiquitous tool it is today.

Expert testimony delivered by Andreas Antonopoulos is included below (a full-length recording of the hearings). During his testimony, Antonopoulos made it very clear that the very structure of Bitcoin as a push payment system does not need any regulation and that imposing regulation derived from the conventional pull payment systems that are common today (banks, credit cards etc) would mean a fundamental misunderstanding of both Bitcoin and also the individual’s ability to act in their own best interest, generally without any government interference whatsoever.

 

©2015, Mark Mage. Publication or any re-use only with prior written consent.

Finanzsoftware, 100% frei von Windows-Rückständen

Der Markt ist unerbittlich gerecht, und der Trend wendet sich: die Gewinner von gestern könnten schnell zu den Verlierern von morgen werden, und die Popularität der vordem zumeist als “benutzerfreundlich” angesehenen Windows-PCs geht zurück. Langsam greift unter den Marktteilnehmern offenbar das Gefühl um sich, daß die ursrpünglich als “IBM-PC” bekanntgewordene und mit einem Disk operating system (DOS) bespielte Hardware eigentlich von Anfang an “zweite Wahl”… [hier nur auszugsweise wiedergegeben  |  partial/clip only]