Topic: A bit of good news finally (Read 2163 times)
Yes. I’m pretty sure it’s going to be more valuable in the entertainment industry, more specifically in the online casino. Bitcoin is actually dominating the online casino realm, and many people are still investing on it.
The good news snippets
"Benjamin Lawsky, the superintendent of financial services in New York whose tough stance on money laundering wrung a $340m settlement from Standard Chartered, has said Bitcoin has reached a “tipping point” where its potential benefits outweigh the risks of illegal activity."
“My hope is that Bitcoin is very much at a tipping point and is moving from an earlier phase when it was dominated by some individuals who were more interested in the illicit nature of it, and what they could hide from people, and moving into a phase where it is more mainstream and will start to realise a lot of the benefits of digital currency,”
The bad news snippet
"Mr Lawsky’s department of financial services wants to make New York the first state in the US to issue clear guidelines to virtual currency businesses, which must register as money transmitters in most states if they offer financial services in Bitcoin. Registration requires compliance with anti-money laundering rules, including checking customers’ identities and monitoring for suspicious transactions."
Registration to FT is free.
It's here for all you unfortunate paywallers.
https://bitcointalksearch.org/topic/2014-01-29-financial-times-new-york-finance-regulator-voices-backing-for-btc-439382
https://bitcointalksearch.org/topic/2014-01-29-financial-times-new-york-finance-regulator-voices-backing-for-btc-439382
There's something about this Lawsky guy, but I can't quite put my figure on it. It seems as if he's been appointed to speak for some other entity due to his voicing on the subject being carefully phrased. And I'm not just talking about him being personally carefully choosing the words.
Yeah there's something fishy, but good for us
Stop posting up paywall sites, I think there should be rules against this, nobody can view them :S
It's only a paywall if you have to pay. Stop being lazy and just register. It's worth it because there will be lots and lots of very important articles, interviews, videos and whatnot posted on the FT in the years to come. 
Stop posting up paywall sites, I think there should be rules against this, nobody can view them :S
Can't view youtube. summary?
Yeah, I know. All that bandwidth and such.
Don't know others situations but Youtube is blocked in quite a few countries in the world. Not everyone has the luxury of an open internet
....infact the country with the most internet users in the world have heavily censored internet. Enjoy the luxuries of not having to pay for a VPN to view things like youtube, it's a luxury many people take for granted.And the good thing about bitcoin is that you can still use it in those countries
Can't view youtube. summary?
Yeah, I know. All that bandwidth and such.
Don't know others situations but Youtube is blocked in quite a few countries in the world. Not everyone has the luxury of an open internet
....infact the country with the most internet users in the world have heavily censored internet. Enjoy the luxuries of not having to pay for a VPN to view things like youtube, it's a luxury many people take for granted. 
There's something about this Lawsky guy, but I can't quite put my figure on it. It seems as if he's been appointed to speak for some other entity due to his voicing on the subject being carefully phrased. And I'm not just talking about him being personally carefully choosing the words.
I agree, but he seemed more open to the progression of bitcoin than I initially expected...
Businesses can deal with regulation*, by shutting down. Nothing more certain than that.
*infringement of victimless economic liberties
*infringement of victimless economic liberties
Can't view their paid site. summary?
Not paid, just register for free.Snippets:
Quote
“My hope is that Bitcoin is very much at a tipping point and is moving from an earlier phase when it was dominated by some individuals who were more interested in the illicit nature of it, and what they could hide from people, and moving into a phase where it is more mainstream and will start to realise a lot of the benefits of digital currency,” he said.
“We are not going to dilly-dally,” Mr Lawsky told the FT. “Our hope is to move relatively quickly so we can give some certainty to businesses. My experience has been that businesses can deal with regulation. What they can’t deal with is uncertainty.”
“We are not going to dilly-dally,” Mr Lawsky told the FT. “Our hope is to move relatively quickly so we can give some certainty to businesses. My experience has been that businesses can deal with regulation. What they can’t deal with is uncertainty.”
Basically he is saying -- Bitcoin, we can't stop it and now we are trying to figure out how to control and tax it!
Mtnminer
Mtnminer
Actually, it is government agencies who are developing conversion aspects of Bitcoin. Right now the CIA, NSA and FBI, along with their counterparts in governments around the world, are developing methods to readily convert bitcoins back and forth between the world currencies. You've heard of government slush fund accounts. What better way for gov agencies to finance slush fund accounts than through Tor and Bitcoin Fog-like conversion houses that you and I know nothing about?
Like the Internet was made practical so that the military could use it, and like Tor was and is backed by the navy, and like we all use the Internet and many of us use Tor, we will be able to use the worldwide, Bitcoin exchange houses that the espionage agencies are setting up around the world.
Good, bad or indifferent, Bitcoin is here to stay.
Can't view youtube. summary?
Yeah, I know. All that bandwidth and such.
But seriously, I couldn't watch the video. Some of us don't want to install flash or enable JS.
Summary?
Basically, they are going to try to adapt Bitcoin into the "system." They don't know how they are going to do it. They will have to rewrite all the banking and money laws from scratch.
Doesn't sound like good news to me. The good news would be to repeal all the laws. Why? Because any laws can be applied against anybody, even the lawmakers. And they take away freedom.
The only thing that should be in place is, laws as warnings and instructions and guides. ALL litigation should be based on harm and damage done by someone against someone else, not on laws.
As for Bitcoin, the good news is that they aren't going to try to shut it down directly.
Basically he is saying -- Bitcoin, we can't stop it and now we are trying to figure out how to control and tax it!
Mtnminer
Mtnminer
But seriously, I couldn't watch the video. Some of us don't want to install flash or enable JS.
What do you use to start a fire? 
There's something about this Lawsky guy, but I can't quite put my figure on it. It seems as if he's been appointed to speak for some other entity due to his voicing on the subject being carefully phrased. And I'm not just talking about him being personally carefully choosing the words.
Can't view youtube. summary?
Yeah, I know. All that bandwidth and such.
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