If the New York law takes effect requiring that funds not touched in 5 years be handed over to the State of New York I request that by default all accounts include a pre-approved beneficiary if funds aren’t touched for 4.5 years.For example; upon signing up for a coinbase account you should have to select a desired beneficiary. Either enter a bitcoin address of your choosing, or select a charity from the list (i.e. Sean’s Outpost). If your account isn’t touched in 4.5 years coinbase must send your balance to the selected address or charity.We don’t want to fund the state; we’d much rather the money goes to a good charity. via /r/Bitcoin
Bit License proposal, will New York screw up bitcoin. Only time will tell. Commentary and article links from various papers.
Reblog this if you pronounce “.gif” as “GIF.”
WE SHALL SEE WHICH ONE PREVAILS.
New York State proposes Bitcoin Regulations.