Bernie Madoff... was regulated up and down and every which way, and it didn't do any good - he ran away with everyone's money.

Bitcoin is amazingly transformative because it's the first time in the entire history of the world in which anybody can now send or receive any amount of money, with anyone else, anywhere on the planet, without having to ask permission from any bank or government.

PayPal came within an inch of being shut down by regulators when they started. The feds seizing the Dwolla account and stealing the money that is owned by Mt. Gox customers is more proof that Bitcoin is the superior payment system.

Money Quotes