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Regulation Questions Resurface as Bitcoin Holds Above $200

November 1, 2013 at 23:28 by BitcoinNews

As bitcoin prices have risen rather quickly to over $200 again, the media has turned back toward questions of the regulation of the nascent digital currency. With the hidden web’s infamous Silkroad now behind it, bitcoin’s radical days are over, according to Wired magazine, and it shows how to take it mainstream.

Few disappointments in the Digital Age are more conspicuous than our failure, as security guru Dan Kaminsky puts it, to “apply the Internet to money.” While the Internet has granted us superpowers, from not ever getting lost to having potentially all of mankind’s knowledge at our fingertips, it has been slow to make payments from our laptop or smart phone very easy.

And as Jerry Brito explains in, bitcoin is going mainstream and cypherpunks shouldn’t worry. And in case you missed it, Time magazine, whose online article on bitcoin in 2011 is thought to be largely responsible for the bubble in that year, published an online post on why Washington is still concerned with the deep web after the fall of the Silk Road.

Nonetheless, Cody Wilson and the unSystem team have launched an Indiegogo crowdfunding campaign to create a bitcoin “dark wallet” which aims to preserve anonymity of its users online.

If the first day is any indication of popular interest, then such initiatives stand to attract a great amount of funding, as the Dark Wallet campaign has already funded nearly half of its $50,000 goal on its launch day, October 31st.

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