I'd like to point out that just as the Bitcoin protocol is in its infancy, so is the technology behind tumblers. In the future, there likely will be decentralized tumblers that allow users to connect and mix their coins without any central server doing the mixing. It will be open source so that anyone can run it, and privately over VPNs/Tor. So an outright ban may discourage law abiding companies/citizens from benefiting from the technology, but it would still be used easily for the more nefarious purposes. The decentralization of applications is going to have a bigger effect than just on money transmission, and regulations surrounding this type of technology may be interpreted as the "regulation of source code" in the future (which would be a nightmare for us developers). Thanks for your time!
100acrewood18 karma
I'd like to point out that just as the Bitcoin protocol is in its infancy, so is the technology behind tumblers. In the future, there likely will be decentralized tumblers that allow users to connect and mix their coins without any central server doing the mixing. It will be open source so that anyone can run it, and privately over VPNs/Tor. So an outright ban may discourage law abiding companies/citizens from benefiting from the technology, but it would still be used easily for the more nefarious purposes. The decentralization of applications is going to have a bigger effect than just on money transmission, and regulations surrounding this type of technology may be interpreted as the "regulation of source code" in the future (which would be a nightmare for us developers). Thanks for your time!
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