Topic: . - page 4. (Read 9785 times)
So long as one is not subject to US jurisdiction, this sentiment is a matter of personal taste.
Half-measures will lead to complete fail of Bitcoin. 1st they regulate it, 2nd they shutdown it.
The problem is what will happen if said organization fail to prevent some illicit behaviour technically unpreventable?
Also, anyone still spreading the Gox "fake DDOS" FUD is free to go to #gox to ask for a DDOS advisory report issued by Prolexic of any particular day from user neofutur, and then call Prolexic to check if it is legit.
Also, anyone still spreading the Gox "fake DDOS" FUD is free to go to #gox to ask for a DDOS advisory report issued by Prolexic of any particular day from user neofutur, and then call Prolexic to check if it is legit.
This comes by way of someone close to Bitcoin discussions in Washington, DC. Apparently, FinCEN agents are looking for members of the Bitcoin community to form a self-regulatory organization with voluntary approval procedures to work with financial regulators.
If anyone at the Bitcoin Foundation sees this post, I would be willing to serve with such an organization.
If anyone at the Bitcoin Foundation sees this post, I would be willing to serve with such an organization.
Fuck Washington, DC.
Fuck FinCEN.
Fuck Bitcoin Foundation.
This is a lot more reasonable than one has usually come to expect. Watching with interest
As am I. Back in the Moneypunk 1.0 days of the 1990s, we imagined that we were going to take down the nation-state, the Illuminati, the Warburg/Rothschild cabal, the Fed, and all the rest with our charming little server-based 'electronic currencies' that were no more database-driven websites that were one subpoena or capricious administrative decision away from being shut down.
Today, even though Bitcoin is distributed and has no single point of failure, the Moneypunk 2.0 community members are much more pragmatic and mature in their approach. It appears that OECD regulators recognize this and are willing to give those of us who are more interested in making money by the boatload than in taunting Sauron the benefit of the doubt, even if begrudgingly.
Those who are offended by this process can migrate to Perfect Money, any of the alternative *coins, or fork the code and start their own True Scotsman system. The cat is out of the bag and the horse has left the barn. The code is in the wild, Satoshi's paper explains what the code does, and one can find countless recommendations for improving the protocol by googling the Bing.
The Same People arguing for the One True Scotsman are The Same People compromising everything they promised.
This is just the back of Wall Street's hand grabbing everything they put absolutely no effort into by de facto orders.
Not on my watch.
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