Anarcho-Lobbyist: Cantwell vs. Bitcoin Regulators in New Hampshire

I want to help them understand how the continuing evolution of internet technologies can allow businesses with global reach be started in New Hampshire. In particular, I created a piece of open source hardware as a hobby which I sold to hundreds of people all over the world. Since I was sourcing parts and some fabrication overseas, and then often selling overseas about 10% of the retail cost of each board went to Paypal. Eventually my boards were used in automotive interior design prototype cars for a major luxury European manufacturer. To receive payment I needed to open a separate business checking account with a national bank, rather than my local bank. Not only did this take a half day of time, but the bank proceeded to charge me about $15 a month service fees. I kept the account for about 2 years in case other international wire-only purchases were made... I was concerned that if I closed the account right away my application would be denied if I needed to open it back up again to get another payment. So really the cost to receive those payments was an additional $300. If I could have used Bitcoin for these transactions, the cost and as importantly the time invested would be much smaller.

This is a real-life, high tech example. I'm not really offended but your presumably fictitious example of maple sugar and eggs is a bit condescending to NH and cash works just as well.

I want to introduce the idea of internet micro-payments to them. I want them to understand how collecting a small payment from a million people across the world can result in enough of a concentration of money to make a difference to the economy of New Hampshire. In that context I want to explain to them what Satoshi Dice was, and how it acted essentially like a micropayment concentrator. While SD was about gambling, there will be other more "legitimate" micro-payment services, like changetip or a popular blog that can also bring international money to New Hampshire. I want them to understand that SD was likely not based in NH due to an unclear regulatory framework and help them to understand how easy it is to rent a virtual server anonymously. With a clear, simple, and unobstructive regulatory framework -- especially one that is lenient to the point of non-existent in the startup/hobbiest phase (for small volumes) people are much more likely to declare their business and pay their taxes. And entrepreneurs are more likely to relocate to NH.

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