Sun Nov 22, 2015 7:22 pm

Hi Danny, Molly,



Thanks for jumping on board to do an AMA with us here at bitcoin.com!



1. Being located in Western Europe, the question of regulation doesn't come up all that often here; from a regulatory point of view, what have been the biggest legal hurdles that you guys have experienced thus far?



2. Danny: As an active entrepreneur in the Bitcoin space your contribution to Bitcoin's growth and economy is very much appreciated. From your own point of view as an innovator in the space, what would you consider to be the two biggest issues when it comes to wider Bitcoin adoption?



3. Other than what you have contributed already with CoinCorner, how would you go about resolving those issues?



4. Molly: What initially stoked your interest in Bitcoin, and as an employee of a Bitcoin company do you find it easy or somewhat problematic to spend Bitcoin in your daily life? If problematic, what do you think could be done to make spending Bitcoin a little easier for regular folks like you and I?



Cheers!

Hi Fremont,1. Regulation hurdles where we are based (Isle of Man/UK), are really not much of an issue. There has been on occasions finer details, that we have had to sit down with the FSC (Isle of Mans Financial Services Commission) and figure out exactly what it is they want or how we are going to solve a problem, but usually just small issues nothing major. The one major regulatory hurdle we have come up against is the US, it's such a big market with great potential, yet you need to apply for licenses in every state and some come at massive costs. I'm sure you've seen talk of it costing any where from $2 million to $5 million just to gain licenses for all the US states and for this very reason we have currently opted out of the US.2. Firstly thank you for the kind comments, it's great to be a part of the whole ride! This answer will no doubt be getting boring, but banks!! Banks are without a doubt the biggest issue for wider bitcoin adoption, without banks the on ramp to bitcoin is difficult. A second issue I would say is education, I get people all the time asking about what bitcoin is, how it works, what's the point of it and more. I can personally try to explain bitcoin along with it's issues and benefits, but what I have found is the people that go away and read it about it themselves are the ones that really begin to understand it and then want to begin using. I also think we need to introduce better tools and tutorials for not just what bitcoin is, but how do you use bitcoin. I'm amazed at the amount of people we meet that own bitcoin but have never actually used it.3. Myself and one of my other co-founders often go around the local area doing presentations on bitcoin mainly for companies that may have an interest from a variety of levels, these have been banks, insurance companies and more. This is not us selling CoinCorner, this is purely ourselves educating people on bitcoin. We also find it best to get more hands on with people and show them how it works, rather than just talk about this 'magical internet money', hopefully leaving them with wanting to know more. From a wider point of view we will be looking to help introduce easier methods of how to use bitcoin and how to get started, with online tools and tutorials.Thanks!