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As Bitcoin, other currencies soar, regulators urge caution

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By KEN SWEET

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Basically, the SEC is working hard to ensure that the middle class have no access to the same resouces that make the wealthy even wealthier. Can't upset the natural order. Of course, they ban access to ICOs to all but the wealthiest, because those who aren't wealthy are too stupid to be allowed to invest their own money as they see fit. That privilege is just for the rich. All below that need to be "protected."

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Yeah I was watching an American banker going on about why bitcoin is bad on Tv the other day, and the information he was giving was a combination of falsehoods, misunderstandings and fear tactics.

What I wasn’t sure was whether he was doing this deliberately or out of ignorance. Unfortunately it’s probably they latter.

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It has been eye opening to read completely ignorant articles saying much the same in Forbes and the Wall Street Journal. I am always open to having my mind changed about bitcoin, as I stand to lose or gain depending on whether I call it right. But the vast majority of these proclamations from "experts" are simply lazy and uninfirmed rants.

There is plenty to criticize, but it's a new technology. It's like those who said the internet could never be used for music or movies because it was way too slow.

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