Topic: Begining of the END for BTC. Bitcoin is becoming ultra regulated currency - page 4. (Read 5824 times)

-..to have a money system that is not under government control, i.e sound money.

I have to admit my first reaction in my head was panic they are killing Bitcoin.  But that was just a split second reaction.  Some other people don't seem to have gotten out of the panic phase yet.  I you want to do business There with BTC then you forfiet your privacy, simple...  Nothing mentioned in the regulations about the end of Bitcoin...   

Nice post!

+1

"Piece"?

Of what?

"Peace".

One of the things that Bitcoin did was, it gave us a breather. At least those of us in the United States, Canada and the United Kingdom. Here's what I mean.

It has ALWAYS been the intent of some people to control and regulate all the rest of us. They use government to do it as much as they can. But consider. If they could have made us all slaves, they would have done it long ago. And they have, in some ways.

Bitcoin is something that they didn't expect. Bitcoin is a contingency that they didn't plan for. Bitcoin is a quirk that is causing THEM to have to do more of the ONE MAJOR THING that they have been doing all along to control us. This thing is to make us think that they have the right to regulate us. Notice, I said regulate US. Not regulate Bitcoin.

It isn't Bitcoin that they have to regulate. It is US that they have to regulate if they want the control and the centralization. They are using what they call Bitcoin regulation to take our focus off the ways that they are regulating US. They are doing it by keeping our focus on these so called Bitcoin regulation ideas and attempts.

I'm telling you, if you want to get out from their regulation, if you want to be and remain free, you really need to fill yourselves on the things that Karl Lentz and Richard Cornforth say. You won't understand it overnight, even though it is simple. It's just a concept that most of us have so little training in that it is almost foreign to us. It's called "common law," and the United States, Canada and the United Kingdom are built on it.

Here's your start. Peruse this website: http://voidjudgments.com/.

Then watch and listen to these 3 Richard Cornforth seminar videos: http://www.youtube.com/watch?v=a8MAQEJZbuY&list=PL8EWUTdkthJQjU6nhTTvzcgJjHLRX-TWP.

Finally, fill yourself on everything you can, that Karl Lentz has to say here: http://www.youtube.com/channel/UC5duR4OvEHHxOSdEZhANETw. Karl is a little difficult to understand. And at times he seems to be ambiguous. But be patient, and take the time that it takes to understand what he is getting at in these audios. Then look him up wherever else you can find him.

Bitcoin and centralization or decentralization doesn't mean a thing as long as PEOPLE are under the control of governments, as long as the PEOPLE are not free, as long as the people are stupid enough to remain unenlightened about the fact that it is THEY that are centralized.

Agree 100%

So the "idea of Bitcoin" is...........................?

If regulation is what separates us from the US Dollar, you are not understanding the fully idea of Bitcoin.  is that it is not American Dollars.  which is great for other countries

And a good evening to you!

You must be one of those pro-government types living off the dole who actually believes that the government is there to help you.

There is no medication but there is education available.

For better or worse, bitcoin is different things to different people  

The big end of town will probably "welcome" these regs, gives them a framework to operate in. This will open the door for more institutional money to pour in.

The entrepreneurs / start ups wont like this, especially underfunded ones. They'll move somewhere else more forgiving. This place will become bitcoin silicon valley. It will probably not be in the US, although Cali may give it a go, the Delaware of Bitcoin.

People who value privacy and love the true nature of bitcoin will stay the f@ck away from US regulated economy but like everything else, they will find a loophole. This may very well be the rest of the world. Bittorrent still exists as will bitcoin. There will also be a bitcoin Cayman Islands. There will be a Decentralised Bitcoin Exchange.

Bitcoin is the Honey Badger. It will adapt but it will also stay the same, depends on what path you want to take.

Be interesting to see the amendments come out in 45 (more like 90) days time.

Stick to "seeking justice from BFL" because you're making yourself a dumb fck here.

SHhh you're talking too much sense, let these idiotic noobs have their drama.

You haven't checked the latest IRS regs, have you?

That's what I thought!

These regs will cover the exchanges, etc that deal in your "anon" coin too.

If you want privacy just move some coins to a new address, away from your ID linked addresses, and boom, who's to say you didn't sell them?

You do realize that the regulations are about business using virtual currency that falls within the scope, not Bitcoin by name.  If one doesn't intend to comply with the regulations they can not comply while using Bitcoin instead of something new.  If they do intend to comply with the regulations than using something new doesn't really change anything either.

From what I can tell this would only apply to exchanges and businesses that process bitcoin on behalf of others (like bitpay and coinbase).

I don't think this would actually apply to, for example the coffee shop that accept bitcoin for payment.

Well Gavin has mentioned this a few times that some of the believers will move onto something else
It probably will occur or is occurring as viable alternatives are appearing.

Part of its growth stage where he said there are only so many cryto anarchists and Bitcoin will start to grow up.

Yes but most of the Bitcoin people bend over for them!

Do you think that NY was waiting for someone to advocate regulation?  Governments regulate.  That is what they do, that is all they do.  They will never ever stop.