Topic: Bitcoin Laws Imminent (Read 6370 times)
Yes, cryptocurrency laws sometimes disappoint because a person is offered to pay for things that don't have to be paid for. They regulate cryptocurrency as they want.
True. There has to be some laws in place I believe to regulate the market so it will be more harder to manipulate than it is now.
A certain cost bitkoyam gives people confidence in them, no more, no less. If a lot of people think that a crypto currency has value and are ready to receive / give it away for real goods and services, it means that it is.
How is this possible? Isn't bitcoin decentralized? Seriously speaking, I think this will be hard to materialised (in the near future might be possible). How can they make a law when even bitcoin users have their freewill to do transactions? Can you give us a valid source for these? Law per se, is government approved. If so, the government has partly taken control of bitcoin? Just saying thoughts here.
A lot of countries will put laws in place for the regulation of bitcoin and other cryptocurrencies but they will not ban it. The bitcoin market as it is now is very prone to insider trading so there will be laws put in place to stop things like that from happening and keep a group of people from being able to sway the market to their favor
Given that the unstable bitcoin course overcame a mark of 11,000 dollars for a week, what is the risk of this currency, which Goldman Sachs now regards as a "commodity"?
Exchanges seems to be like the easiest target, dealing with all that money.
Regulation and laws follow after something that hasn't been regulated starts to gain popularity. The pro is that more financial institutions will invest because of these rules but it means we pay more in terms of taxes.
With Bitcoin you can place an order to buy or sell and the price can jump up or down in an instant and transaction fees are starting to get on the greedy side. Personally, I made some money early by buying Bitcoin at $400.00 CDN and taking money off the table as the price was rising meteorically.
Exchanges seems to be like the easiest target, dealing with all that money.
People should stop trowing ideas out their a$$ and try to convince users making it looks like an article.
Yes, this guy intentionally mislead people so that he could use that emotion to create debate.
When asked in his comments section he to provide sources he simply stated they were hard to come by therefor you should respect that. "Just a heads up". Sorry but that doesn't cut it.
And I will NEVER trust anyone who defers to "what will the children think" to support their argument. Using children to support one's arguments is as cowardly as you can get. Highly manipulative.
People should stop trowing ideas out their a$$ and try to convince users making it looks like an article.
Quote
This week the US courts service (UScourts.gov) has shown increasing interest in Bitcoins. Their research is ongoing but hastily scaling-up from where it was last week.
cite a source please?this
that story has 0% credibility. it would survive for no more than 10 seconds in a newsroom, but it's got 3 pages here. oh well.
what's a FUD?
what's a FUD?
Fear, uncertainty, and doubt.
that story has 0% credibility. it would survive for no more than 10 seconds in a newsroom, but it's got 3 pages here. oh well.
what's a FUD?
what's a FUD?
The USA something is looking at bitcoin - so what? The US is a "bit" player in this, so the 90%+ rest of the world won't care.
Gox in Japan, TH in Chile, US courts in US.
Gox in Japan, TH in Chile, US courts in US.
True, but the US is very influential in monetary and banking policy worldwide. Why do you think oil is traded in dollars? It's also true that the many investors / miners are US-based, and the US can disallow wires to/from institutions with any ties to bitcoin exchanges, disallow vendors accepting bitcoin, etc. Let's not lie to ourselves: it would *suck*!
US thinks they are still influential (got bigger bombs), but the picture from outside the boundary is quite different. There is a lot more money elsewhere in the world and the US owes too much. It's still has a look of "decline and fall", and as long as the US Treasury can convince the debt holders to keep buying, the currency won't collapse (not in their interest to do so). That was the case before the GFC, but we might be trading oil in CNY or some other denomination eventually (carefully does not put a date on it - waits for a bit more flaming - fun forum community)
+1 = 4
http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/
Quote
This week the US courts service (UScourts.gov) has shown increasing interest in Bitcoins. Their research is ongoing but hastily scaling-up from where it was last week.
Although, it would not be too surprising if the land of the free would deny yet another basic freedom to own citizens
The USA something is looking at bitcoin - so what? The US is a "bit" player in this, so the 90%+ rest of the world won't care.
Gox in Japan, TH in Chile, US courts in US.
Gox in Japan, TH in Chile, US courts in US.
True, but the US is very influential in monetary and banking policy worldwide. Why do you think oil is traded in dollars? It's also true that the many investors / miners are US-based, and the US can disallow wires to/from institutions with any ties to bitcoin exchanges, disallow vendors accepting bitcoin, etc. Let's not lie to ourselves: it would *suck*!
Did you see the Alphaville piece? Many of the accounts at MtGox were actually professional investors, dipping a toe in. If it's illegal, they're gone.
The currency will survive, of course. But what will be the value? How useful will it be to a US citizen if you're not interested in drugs, weapons, or porn?
I think there's a lot of willful blindness here b/c we all have so much invested. Maybe I should stop posting and go donate to EFF (in $, not in BTC anymore, unfortunately).
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