Bitcoin has been hammered by criminal controversy. First, members were arrested for money laundering in regards to the Silk Road criminal enterprise. Now Bitcoin exchange based in Tokyo has closed down, taking millions of dollars belonging to untold number of investors. Bitcoin is basically unregulated. There is no insurance to back up the apparent incompetence, theft or fraud.
Meanwhile here in Pittsburgh, Uber and Left face the spectre of Pgh regulation. Commuters use a smartphone app to get in touch unlicensed taxi drivers. It is an innovative solution, especially for poor communities where reliable and inexpensive taxi service is problematic.
Libertarians, is the public better served by standard regulation or should these emerging businesses be allowed to continue unmolested?