Bitcoin Letter by Homeland Security and Governmental Affairs

Sitarow

legendary

Activity: 1792

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Quote from: Gabi on September 03, 2013, 07:57:01 AM

Quote

and that have no central bank or government entity that backs them

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny Cheesy

Operate in the shadows Shocked

Has also attracted CRIMINALS Shocked

Luckily dollar does not attract criminals Cool

USD backed by OIL and the power to control it. However if renewable energy becomes mainstream then GMO foods

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: Bitcoinpro on September 03, 2013, 08:37:16 AM

This letter is irrelevant.

Irrelevant: Only in the sense that even if they decided to completely shut down Bitcoin and ban it in the USA, it would still flourish because its international, and viral.

Relevant: Because its a huge first step in acknowledgement, which will increase Bitcoin value, legitimacy, and success.

Therefore this letter is very relevant.

-Burger-

QuantPlus

sr. member

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reserved

p2pbucks

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Evolution is the only way to survive

this file was signed on august 12 ，2013 .... old news

Come-from-Beyond

legendary

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Newbie

Quote from: Gabi on September 03, 2013, 07:57:01 AM

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro?

Not sure about dollar and euro but pound is backed by... (read it by urself at the bottom of this banknote):

vaio127

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Quote from: franky1 on September 03, 2013, 05:54:30 PM

recent statistics have shown in the last 4 years billions of dollars, euros yen etc have been seized in relation to crimes. in the same period, only 11BTC has been seized.

It won't matter. Of course, all the government wants to do is control everything, and having something out in the wild, like bitcoin, that isn't controlled or regulated infuriates them.

franky1

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Merit: 4534

letter is irrelevant, especially the attempt to link bitocins to organised crime.

recent statistics have shown in the last 4 years billions of dollars, euros yen etc have been seized in relation to crimes. in the same period, only 11BTC has been seized.

Aseras

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Activity: 658

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Quote from: CIYAM on September 03, 2013, 08:08:05 AM

Quote from: Mitchell on September 03, 2013, 07:57:40 AM

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

which is precisely why there is such a thing as inflation and bubbles in the economies of the world.

LiteCoinGuy

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In Satoshi I Trust

already know this letter.

Bitcoinpro

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This letter is irrelevant.

Mitchell

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Verified awesomeness ✔

Quote from: CIYAM on September 03, 2013, 08:08:05 AM

Quote from: Mitchell on September 03, 2013, 07:57:40 AM

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

Really? Damn you fucked up school system!

CIYAM

legendary

Activity: 1890

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Ian Knowles - CIYAM Lead Developer

Quote from: Mitchell on September 03, 2013, 07:57:40 AM

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

Gabi

legendary

Activity: 1148

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If you want to walk on water, get out of the boat

Dollar and euro are not backed by gold. They are just pieces of paper that can be printed at will

Mitchell

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Verified awesomeness ✔

Quote from: Gabi on September 03, 2013, 07:57:01 AM

Quote

and that have no central bank or government entity that backs them

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny Cheesy

Gold. It doesn't back everything, but still.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote

and that have no central bank or government entity that backs them

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny Cheesy

Operate in the shadows Shocked

Has also attracted CRIMINALS Shocked

Luckily dollar does not attract criminals Cool

cryptocoinsnews

sr. member

Activity: 299

Merit: 250

Over the past several months, “virtual currencies” have received increasing attention from law enforcmenet, the business community, the financial sector, and the federal government. As you probably know, virtual currencies are digitally-based money that can be quickly sent between entities over the internet and that have no central bank or government entity that backs them.

View the PDF here: http://www.cryptocoinsnews.com/2013/09/03/bitcoin-letter-by-homeland-security-and-governmental-affairs/

Topic: Bitcoin Letter by Homeland Security and Governmental Affairs (Read 1596 times)