Rather than being defensive and assuming the government will go after delegates, I think a better solution would be for delegates to be proactive and participate in discussions with regulators. My strategy is to be 100% legit all the time, I'm not going to hide and hope my anonymity can protect me (it can't). At the same time, I don't see any clear regulatory problems at the moment, but I plan on participating in discussions with regulators and complying with whatever comes up as the proper way to legitimize/protect consumers/follow the law (whatever someone wants to call it). As of now, BTSX and BitUSD are just crypto currencires and as such I'm following the proper tax laws and FINCEN guidance as any miner of cryptocurrencies should.
If bitsharesx really takes off, delegates (and users) may want to get together and figure out a centralized approach to handling regulation - sort of like the bitcoin foundation does for bitcoin.
well said
funds could be pooled to create a lobby group to proactively work with regulators
100% "legit" means that the interests who are currently employing treasonous measures against the public will gain more control over the ecosystem. The only reason, for instance, that the IRS still exists and forces "taxes" (read theft) on citizens is because there have not been enough people who got pissed off about the IRS' Illegal Operations to change the status quo (https://www.youtube.com/watch?v=azynljXxbC0).
Being "legit" is fine...but it is a whole other thing to comply with illegal requirements simply out of fear that we will be imprisoned or otherwise penalized. This simply lends to the public's sense of legitimacy over these types of institutions...which most can agree, are illegal (meaning those working for them should be the ones penalized!).
This is precisely why I am thinking it is important to have a legal team there and ready in the instances that legal cases present themselves as opportunities to set precedents favorable to our ecosystem.
You have to understand taxes are good, America in itself has a large part of the population that is in poverty. It is the US government that has the wrong priorities ($600 billion US a year in military spending, while only $6 - $30 billion a year in food stamps, MAYBE (MAYBE I am wrong in how it should be set up)).
What im getting at is some taxes is good like Canada with only 20% and (I know Russia is our enemy at the moment) but Russia at 10 - 15% taxes (I believe).
We need to get a large part of the population out of poverty but military spending and an imperialistic mentality (in terms of US government foreign policy) will not help our population.
You must realize (im sorry if I say that too much) but this is a very disruptive technology. We could put lots of people out of work (bank tellers, people that work for NYSE, NASDAQ) so we do have enemies and this is a war.