Hacker News Reader

Did I miss something? Bernanke's comment basically boils down to "no comment", phrased in the polite speech Senate committee hearings. What's the news here?

View on HN

The news is that the government isn't likely going to throw a shitfit and freak out over bitcoin. Because it's money related, and they can tax and regulate some piece of the transaction.

Doesn't really need to be said that Wall Street, Washington, and Lobbyists are all in bed together. Wall Street types and some Valley people have clearly told influential politicians in this that they should be cool.

Bitcoin gets another serious mark in the de-risk column

The Fed is not the government (its a private bank btw), and Bernanke's comments do not apply to agencies for which virtual currencies are their jurisdiction.

>its a private bank

Yeah, a "private" bank whose executive officers are appointed by the President and whose authority was enacted by Congress.

Precisely! Which is exactly what enrages so many people :)

(I must assume you haven't watched Sony Pictures' ca. 2010 documentary Inside Job yet?)

> Bernanke's comment basically boils down to "no comment", phrased in the polite speech Senate committee hearings

Genuinely wondering.. isn't that always the case no matter the question?

Reply on news.ycombinator.com