[2014-08-22] New York Can’t Risk Getting Bitcoin Regulation Wrong

cr1776

legendary

Activity: 4018

Merit: 1299

Quote from: TheButterZone on August 22, 2014, 06:07:40 PM

The desired consequences are infringements of victimless economic liberty. They can extend the comment period 4500, 45,000 days, the result will be the same.

I think you hit the nail on the head: vague-enough laws that some bureaucracy can be hired to fill it to make some rules that are vague enough to be thrown at someone who is the current target.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1011

In Satoshi I Trust

so do it right supernintendo!

TheButterZone

legendary

Activity: 3052

Merit: 1031

RIP Mommy

The desired consequences are infringements of victimless economic liberty. They can extend the comment period 4500, 45,000 days, the result will be the same.

Carlton Banks

legendary

Activity: 3430

Merit: 3071

Quote from: aigeezer on August 22, 2014, 09:53:22 AM

Also (imagining viewers a few decades from now) "Civil servant on the job in late-empire America"

It's hard to believe even in this era that people think that man + suit + desk isn't just a subtle confidence trick. You can put just about anyone behind a desk or lectern, and most will accept just about anything they ~~say~~ read from a teleprompter. It will be looked back on as the hallmark of legalised criminality in the 20th century (with the traditional ~1 decade cultural overhang into the 21st). In my experience, that's exactly what all these suited corporate neo-lords represent; gangsterism by statute.

aigeezer

legendary

Activity: 1450

Merit: 1013

Cryptanalyst castrated by his government, 1952

Quote from: Carlton Banks on August 22, 2014, 09:26:44 AM

Quote from: aigeezer on August 22, 2014, 09:11:24 AM

I was distracted by the picture of the man himself - it should be the illustration on encyclopedia entries for "hubris".

My entry for the Ben Lawsky caption competition: "KILLER MAN-EATING SUIT HITS NEW YORK"

That suit is something else - remember when civil servants were a bit bedraggled-looking? "Not much income but good job security". Seems a long time ago.

I was toying with the idea of a photo caption thread too. My first entries would be "NY man demonstrates method to prevent desk levitation" or, more simply, "it shall not rise" leaving the viewer to wonder whether the pronoun refers to BTC or the desk. Also (imagining viewers a few decades from now) "Civil servant on the job in late-empire America", or of course the too-easy "Your tax dollars at work".

It's gonna blow! Wink

Carlton Banks

legendary

Activity: 3430

Merit: 3071

Quote from: aigeezer on August 22, 2014, 09:11:24 AM

I was distracted by the picture of the man himself - it should be the illustration on encyclopedia entries for "hubris".

My entry for the Ben Lawsky caption competition: "KILLER MAN-EATING SUIT HITS NEW YORK"

aigeezer

legendary

Activity: 1450

Merit: 1013

Cryptanalyst castrated by his government, 1952

Quote from: Carlton Banks on August 22, 2014, 07:35:17 AM

Serious lols at the Windows XP desktop on the monitors in the photo of Lawsky. Tells you pretty much all you need to know

Woot - good eye! I was distracted by the picture of the man himself - it should be the illustration on encyclopedia entries for "hubris".

notthematrix

legendary

Activity: 980

Merit: 1000

CryptoTalk.Org - Get Paid for every Post!

Quote from: IYFTech on August 22, 2014, 06:49:22 AM

Those control freaks in the US can introduce all the regulation & laws they like - they will simply get ignored throughout the world, leaving the US lagging even further behind in the Bitcoin boom. All their regulation & laws didn't do squat with the banksters - trying the same trick with Bitcoin simply will not work & will show them to be the backwards thinking OAP's that they are.
China can do what it wants - it owns the US. What a laugh Cheesy

exactley look at http://www.btc-e.com
they do yuan to bitcoin
   bitcoin to yuan
   diriect deposit to creditcards
   rubble to bitcoin
   bitcoin to ruble
   euro to bitcoin
   bitcoin to euro
   dollar to bitcoin
   bitcoin to dollar

And NEVER had ANY problems at all since the begining of bitcoin!
Why?
Welcome to the world of offshore banking.....
http://www.aspenassurance.com/offshore-banking-licenses

Carlton Banks

legendary

Activity: 3430

Merit: 3071

Serious lols at the Windows XP desktop on the monitors in the photo of Lawsky. Tells you pretty much all you need to know

IYFTech

hero member

Activity: 686

Merit: 500

WANTED: Active dev to fix & re-write p2pool in C

Those control freaks in the US can introduce all the regulation & laws they like - they will simply get ignored throughout the world, leaving the US lagging even further behind in the Bitcoin boom. All their regulation & laws didn't do squat with the banksters - trying the same trick with Bitcoin simply will not work & will show them to be the backwards thinking OAP's that they are.
China can do what it wants - it owns the US. What a laugh Cheesy

marcus_of_augustus

legendary

Activity: 3920

Merit: 2349

Eadem mutata resurgo

... can't wait until the release of LawskyCoin alt ... should be best pump 'n dump ever, most likely a blackcoin or darkcoin fork, rife with fraud, cartels and minimal "consumer protection" rackets I'm expecting ...

zakoliverz

hero member

Activity: 536

Merit: 500

http://www.coindesk.com/ben-lawsky-bitcoin-regulation/

The New York Department of Financial Services (NYDFS) announced today it would extend the comment period for its proposed bitcoin regulations by 45 days, citing significant public interest in the rules as a key reason behind the decision.

In a new interview with CoinDesk, NYDFS superintendent Benjamin M Lawsky opened up about the decision, emphasizing that he felt the extension both necessary and reasonable given his agency’s need to ensure that the proposed laws, when enacted, have the desired consequences.

Topic: [2014-08-22] New York Can’t Risk Getting Bitcoin Regulation Wrong (Read 1379 times)