Letter to the New York Department of Financial Services

The New York Department of Financial Services is requesting public comments for the BitLicense regulation. The Bitcoin community is requesting a 45 day extension to the public comment period. We feel it's necessary to have the additional time to constructively respond to the proposed rules and regulations.

There may be some confusion at the NYDFS in regards to how crypto- currencies work. Crypto currencies do not cease to exist when a governing body outlaws it. On the same note, it organically grows in a way that bypasses hostile regulations and governing bodies. It will continue to grow strong roots in society regardless of the regulations some will attempt to put on it. At some point it will have such strong connections(roots) within society and bypass those regulations so completely that the governing body will no longer be relevant. But good luck with that.