South Carolina for Bitcoin!: I'm taking Bitcoin to my state congressmen. What should I ask them?
Hi Bitcoin! I live in South Carolina and have a few connections in state politics here. Although I'm relatively new to Reddit and Bitcoin, I have become a huge Bitcoin advocate and have been evangelizing the merits of Bitcoin to friends and family for the past few months. I own some BTC. And have been involved in the internet industry since 1995. After watching the NYFSD hearings earlier this week, I quickly became disgusted. Noting the tone of the NY regulators and the panel that they assembled, I realized that it's very important for us as a community to be proactive in approaching our state representatives and regulators.NY is just one of 50 states in this union. South Carolina has a unique advantage of being just one of three states in the country without Money Transmitter regulations (Montana and New Mexico are the others, I believe). So, in theory, if we are using FinCEN's advisement that digital currency companies be treated as money transmitters, the red tape to operate an exchange, an ATM, or any other financial service for Bitcoin and cryptocurrencies would be minimal in SC when compared to other states - or at least at the moment. I moved to Charleston, SC three years ago and have been pleasantly surprised by the size of the tech community here. There is a bustling tech scene here - search "Silicon Harbor", or see Charleston Digital Corridor. In addition, I know several large companies which have moved their operations from the financial hub of Charlotte, NC to just over the border to South Carolina for tax and regulation purposes. And Greenville and Columbia are bright tech hubs in the state. There is opportunity here for Bitcoin entrepreneurs and businesses! Plus, we have wonderful beaches, mountains, and great weather. With all this being said... I have recently requested meetings with my local state congressman and state senator - with whom I have connections. Both are libertarian leaning, and both should have direct insights into how to best make the Bitcoin economy welcome in South Carolina. I'm hoping to have these meetings setup in the next few weeks. I expect to get an hour or less with each representative. In anticipation of these meetings, which questions or which clarifications would you like to see that I get? I believe I will be able to make a compelling case for these representatives to at least investigate things further. But, I'm asking you, the Bitcoin entrepreneur, what would you need to see from South Carolina to bring your Bitcoin or crypto-currency business here? Thanks in advance. I'll be certain to update things once the meeting is set.
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