I for one, think this is a good development for bitcoin.
We all know that as bitcoin grows and gets bigger, more accepted and more widespread, that legal dramas are inevitable.
It had to start somewhere ... and this is the beginning of Govt's dipping their fingers in, trying to see what they can do about.
It's kind of explaratory right now ... let them explore.
As long as the Bitcoin Foundation do a good job, i don't see a problem.
And the more news for bitcoin, the better.
Topic: Bitcoin Foundation receives cease and desist order from California - page 12. (Read 48394 times)
June 24, 2013, 02:13:37 AM
June 24, 2013, 01:11:46 AM
Good. TBF isn't a money transmitter, but at least one of their members is (Charlie Shrem - bitinstant). I personally have no problem watching statists be the victims of statism.
If the board of TBF is sent to Guantanamo, it would be good for cryptocurrencies, but alas, its all just theater.
If the board of TBF is sent to Guantanamo, it would be good for cryptocurrencies, but alas, its all just theater.
June 24, 2013, 12:53:42 AM
when are they going to send in Arnold the Terminator to stop bitcoin?
June 24, 2013, 12:48:06 AM
Mike,
Just two cents. If I remember it well you called for TBF to dissolve for plans to spend money on lobbyists and not on testing and development.
I partially agreed with you. I too think money you donated can be put to a better use than on lawyers.
Just two cents. If I remember it well you called for TBF to dissolve for plans to spend money on lobbyists and not on testing and development.
I partially agreed with you. I too think money you donated can be put to a better use than on lawyers.
To be specific, my opposition is based on paying for lobbyists, not lawyers per se. There are plenty of instances around Bitcoin and its promotion and flourishing which, like it or not, require legal work.
Quote
It's kind of ironic that the people doing business as 'California’s Department of Financial Institutions'' may prove more successful in dissolving TBF than you 
I never thought it would be a solo effort
June 24, 2013, 12:43:41 AM
Will the news of this cease and desist order have an impact on BTC price when EU/US wakes up?
June 24, 2013, 12:13:23 AM
Mike,
Just two cents. If I remember it well you called for TBF to dissolve for plans to spend money on lobbyists and not on testing and development.
I partially agreed with you. I too think money you donated can be put to a better use than on lawyers.
It's kind of ironic that the people doing business as 'California’s Department of Financial Institutions'' may prove more successful in dissolving TBF than you
Just two cents. If I remember it well you called for TBF to dissolve for plans to spend money on lobbyists and not on testing and development.
I partially agreed with you. I too think money you donated can be put to a better use than on lawyers.
It's kind of ironic that the people doing business as 'California’s Department of Financial Institutions'' may prove more successful in dissolving TBF than you
June 23, 2013, 11:40:31 PM
Ask the parents of dead Iraqi children if they thought the war on terror fought in there country was legal and/or valid.
The FED and now California are declaring war. Most other states will fall in line.
Individual prosecution is next.
The FED and now California are declaring war. Most other states will fall in line.
Individual prosecution is next.
Let's try to be mature adults and keep some perspective.
Recent FinCEN guidances, DHS/etc. seizures, IRS/GAO discussions have all been in line with existing US law. See my State of the Coin 2011 presentation and earlier forum discussions. It has always been known that US individuals and companies must... do the obvious and follow US law. For US bitcoin exchanges, for example, that likely means federal + 48 state licensing. Enforcement actions like Liberty Reserve or Mutum Sigilium seemed to be clearly outside existing, known regulations. You gotta expect law enforcement to... enforce the laws.
This California letter is so zany because it does not fit existing law or facts In My Opinion As A Non-Lawyer.
Each regulatory action needs careful consideration within the context of its country. "ZOMG GOVERNMENT DEAD IRAQI CHILDREN" is about as far from thoughtful consideration as one can get.
Bollocks, Jeff. Bollocks.
Like a great many statists, your words seem to indicate, once again, a conflation of what is legal with what is just, and I daresay a seeming lack of thoughtfulness toward justice concerns.
Let me Godwin it right down for you: The Nazi regime fully complied with all laws in the operation of its extermination camps.
"Law enforcement" can go eat flaming death, as far as I'm concerned.
June 23, 2013, 11:37:37 PM
well they are doing pretty well against iran's currency
thats because america invaded iran, replaced its government and took over ownership of irans currency.
Quoted for 'franky1' stupidity.
June 23, 2013, 11:35:08 PM
Watch this one closely, people. Unlike other recent FinCEN guidance and regulatory comments, and law enforcement actions, this action from California does not fit the facts nor existing US law.
This simply shows a misunderstanding of what bitcoin is.
tl;dr: California thinks Bitcoin Foundation "runs bitcoin."
This simply shows a misunderstanding of what bitcoin is.
tl;dr: California thinks Bitcoin Foundation "runs bitcoin."
Even more amusing are the ones that repeatedly come up from allegedly-well-informed fully-qualified commentators and pundits of the forms:
"Some evil geniuses believe the Bitcoin might X, Y and Z." (There can be only one! The Bitcoin!)
"Bitcoin verbed a noun." (as if Bitcoin is an entity capable of action)
"Bitcoin must obtain a license." (as if Bitcoin is an entity capable of possessing standing as party to a legal proceeding)
June 23, 2013, 09:13:23 PM
well they are doing pretty well against iran's currency
thats because america invaded iran, replaced its government and took over ownership of irans currency.
as i said before america does not control the euro, yen, pound. the only way it can do is by creating a war and taking control. to then make its demands on the population that use it.
now what country does bitcoin belong to that the US military need to bomb? - none
now what government does bitcoin belong to that the US military need to overtake? - none
let hyperthetically say the US government take over bitcoin foundation and ask gavin andressen to make a V9.1 of bitcoin QT which works in favour of the US government by moving 20% of all transactions to a government address.
we as the community simply go back to version 0.8.2 and allow them to play about on the fork V9 creates while we continue unhindered on the 0.8.2 fork
June 23, 2013, 08:39:02 PM
Yup, in Fiat we TRUST, NOT!!
June 23, 2013, 08:33:44 PM
What the heck US govt wants, why they are doing so much fucking drama?
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
How is a seizure story related to a story about cease and desist?
I'm talking about US govt's action here ^ not the guy or his money seizure.
They are thinking bitcoin as some fucking fraud money system because peoples are using it for illegal purpose.
Good thing they're going after Bitcoin. I know for a fact that USD never can be used for anything that is not legal. This is a feature of Fiat money that is undeniable. I think the state of Cali has a great case here. I know for a fact if you try to sell drugs and receive usd bills, then these bills vanish in your pocket - true fact. Cryptobills must be stopped, whatever the cost, and whatever the collateral damage!!!
June 23, 2013, 08:14:14 PM
California bureaucrats are famous for their misunderstandings. Recordings for your entertainment 
http://marcstevens.net/cos/cos20130221.html
http://marcstevens.net/cos/cos20110914.html
http://marcstevens.net/cos/cos20111201.html
http://marcstevens.net/cos/cos20070101.html
http://marcstevens.net/cos/cos20061116.html
http://marcstevens.net/cos/cos20130221.html
http://marcstevens.net/cos/cos20110914.html
http://marcstevens.net/cos/cos20111201.html
http://marcstevens.net/cos/cos20070101.html
http://marcstevens.net/cos/cos20061116.html
June 23, 2013, 07:47:05 PM
What the heck US govt wants, why they are doing so much fucking drama?
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
How is a seizure story related to a story about cease and desist?
Hence this is why we need to follow laws and play by rules I have been saying this for the last 4 months, and this is what I mean. I am glad I am not a member, they probably taking the list of members and looking them up as fraud people.
June 23, 2013, 08:06:51 PM
What the heck US govt wants, why they are doing so much fucking drama?
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
How is a seizure story related to a story about cease and desist?
I'm talking about US govt's action here ^ not the guy or his money seizure.
They are thinking bitcoin as some fucking fraud money system because peoples are using it for illegal purpose.
June 23, 2013, 08:05:14 PM
No news is good news, but there's no such thing as bad publicity.
Everything is going according to plan.
Everything is going according to plan.
June 23, 2013, 07:58:24 PM
What does this mean? They want to make it so we can't transmit our coins? who do they think we are? Their nigger slaves? 
You may be closer to the truth than you think you are. Monetary policy is modern day equivalent of whip.
Wake Up!
THIS!
June 23, 2013, 07:42:33 PM
What the heck US govt wants, why they are doing so much fucking drama?
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
another seizure story, (might be related to this one)
http://letstalkbitcoin.com/post/53700133097/users-bitcoins-seized-by-dea
June 23, 2013, 07:03:15 PM
I can't help thinking that we're seeing the early stages to the setup of what may go down as one of the most significant cases of Streisand effect ever, with global economic consequences. If you guys thought the past 4 years were really interesting...
June 23, 2013, 06:17:32 PM
The Bitcoin Foundation needs to move elsewhere.
☐ California
☑ Texas
☐ California
☑ Texas
New Hampshire, actually.
Anywhere outside the USA would probably be a good start.
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