Topic: 2013-06-23 Forbes - Bitcoin Foundation Receives Cease And Desist Order From Ca - page 4. (Read 9595 times)

Well, technically though the Foundation develops the software...

Wow someone in California has been misinformed...

This makes about as much sense as sending a letter to the Salvation Army telling them to disband their unauthorized military forces.

Then I must be confused with the state of things then. I was under the impression that the recent IRS (or was it FinCen??) ruling/statement was that mining bitcoins will/may require an MSB/MT licensure.

I could be wrong and hope I am, I am not trolling I truly want to know.

You cant possibly make that assertion in an unbiased way as the foundation pay the core development team.

There's pros and cons.  The US conference I thought was fantastic.

But the foundation introduces a central point of failure.

It's way to early to say whether it is a loss or a gain, especially if they are breaking the law.

Our mission is to help people exchange resources and ideas more freely. We approach that mission with Bitcoin’s technology and community as our focus. There is tremendous potential in Bitcoin—from the opportunities it creates for entrepreneurs to the purchasing power it provides for citizens of countries large and small. Our goal is to help Bitcoin deliver on that potential. Bitcoin Foundation has chosen three primary objectives for fulfilling its mission. We believe that these activities will be of the greatest benefit to the Bitcoin community: Standardizing Bitcoin Standardizing Bitcoin As a non-political online money, Bitcoin is backed exclusively by code. This means that—ultimately—it is only as good as its software design. By funding the Bitcoin infrastructure, including a core development team, we can make Bitcoin more respected, trusted and useful to people worldwide. Protecting Bitcoin Protecting Bitcoin Cryptography is the key to Bitcoin’s success. It’s the reason that no one can double spend, counterfeit or steal Bitcoins. If Bitcoin is to be a viable money for both current users and future adopters, we need to maintain, improve and legally protect the integrity of the protocol. Promoting Bitcoin Promoting Bitcoin In the context of public misunderstandings, misinterpretations and misrepresentations, Bitcoin needs to be clearer about its purpose and technology. Allowing the community to speak through a single source will enable Bitcoin to improve its reputation.

You cant possibly make that assertion in an unbiased way as the foundation pay the core development team.

So if the foundation does file, pays the US$5K, and gets this license.  Do we all become "agents" or "affiliates" acting under this license?
http://www.leginfo.ca.gov/cgi-bin/displaycode?section=fin&group=01001-02000&file=2000-2003

Correct.


Most of the forum idiots here do not seem to realize that the Bitcoin Foundation is taking slings and arrows on behalf of others, fighting for bitcoin acceptance.

When you fight for bitcoin, people fight back.

It would be a loss for all if the Bitcoin Foundation goes away.

There is no question that US authorities are ramping up enforcement of existing law.

Lord Camden was the author of a principle that says anything the state (or a state agency) does must be expressly authorised in law - but an individual may do anything except that which is forbidden by law.

I was thinking about joining this ... but if they are breaking the law, that's a disincentive.  

Perhaps we should find a way to give donations without going through a third party ...

It would be a huge loss IMO as well.

Most of the forum idiots here do not seem to realize that the Bitcoin Foundation is taking slings and arrows on behalf of others, fighting for bitcoin acceptance.

When you fight for bitcoin, people fight back.

It would be a loss for all if the Bitcoin Foundation goes away.

http://www.forbes.com/sites/jonmatonis/2013/06/23/bitcoin-foundation-receives-cease-and-desist-order-from-california/


... Then, they fight us ...

As am I.  Recent developments with the IRS and FinCEN are entirely consistent with US law as it has existed for years.  Ditto Mutum Sigillium seizure warrant. Tax and MSB implications were directly addressed years ago in my State of the Coin 2011 presentation, among others.  If you operate outside the law in your jurisdiction, the obvious result occurs... eventually.

I am speaking of the recent developments with the IRS and FinCen along with this as well as the numerous services surrounding bitcoin that have gone down.

With this exception of this California action, everything else in the US has been completely consistent with existing US law.

It's just some idiot government critter thinking the foundation is something like "Bitcoin Corporation".

It would be fun watching the foundation be disbanded anyway.

Ill be honest, they are really starting to clamp down hard in the U.S and is making me nervous.