Well done, but I'm just "panelist"?!
im am very sorry Mr Jansen - i did not include your name in the first summary . I have to say you did a very good job at moderating the panel by not pushing yourself in the foreground. 
Topic: Bitcoin Panel at Computers, Freedom and Privacy conference next week (Read 1199 times)
June 26, 2013, 08:51:45 PM
Thank you Mr. Jansen, was definitely worth watching and nice closing statement, hopefully the whole thing will be put on youtube so everyone can see it on-demand?
Thanks, I've written a lot on these issues at www.freebanking.org and www.financialprivacy.org.
Newseum has the videos and will share with CFP, then I'll post on freebanking.org.
June 26, 2013, 08:29:48 PM
Thank you Mr. Jansen, was definitely worth watching and nice closing statement, hopefully the whole thing will be put on youtube so everyone can see it on-demand?
June 26, 2013, 07:58:14 PM
Well done, but I'm just "panelist"?!
June 26, 2013, 03:21:13 PM
some take-away points as they were parsed by me:
Patrick Murck (PM) Carol R. Van Cleef (CRVC), Will Voorhees (WV), J. Bradley Jansen (JBJ) - Freebanking.org
JBJ: what is bitcoin?
PM: we don't know what asset class bitcoin actually is. def not legal tender, thinks its simply a new thing.
CRVC: please hire me i'm smart. its a value transfer mechanism and easier to work with than a security.
WV:Bitcoin scary because LE does not know how it works. money laundering, terrorist financing. government is used to simply harvesting full financial info.
JBJ: bank secrecy act has not stopped drugs, lets abolish it.
CRVC: BSA just documents financial crimes, should not stop it.
PM: we need safe harbor for banking innovators with open guidelines everyone could follow to have more innovation.
WV: good thing that fincen puts a burden on bitcoin exchanges.
PM: no one is in charge of bitcoin, bitcoin is not anonymous. irreversible TX - not required by bitcoin we will have multisig support. that makes it more friendly for endusers.
CRVC: whatsup with that C&D in CA?
PM: US is too complicated with their 50 different regulations. State of California is clueless and we will school them.
CRVC: Banks should simply take on the exchange function and everything will be dandy.
WV: Bitocoin will need to change to adopt to US law and he thinks the Bitcoin Foundation is going to introduce it.
PM:regarding the fincen guidance: fincen ruling is backwards with mining. Needs proper de minimis rules.
CRVC: makes statements which make it look like she does not know what mining is.
PM: foundation is working on something to reach out to regulators: we will reach out to LE that users can report suspicious stuff to authorities. invites FBI to build a FBI wallet so they aquire more information. Bitcoiners can either put their head in the sand or accept the coming changes through regulation. does not matter if you are in the US or not, apparently US regulations apply worldwide.
CRVC: Portion of the Bitcoin community will have to retain information who transacts with whom, just like banks need to track cash flows.
Q:if regulation becomes too cumbersome, will bitcoin be a closed system.
PM: we don't know. i just earn and spend them
WV: transfer or exchange fincen does not care, still money transmission. coffe shop owner who takes bitcoin == money transmitter.
CRVC: opposite is true. but IRS still wants taxes on those tx.
Q: how does my 82 year old mother benefit from bitcoin?
PM:bitcoin is not ready for mass adoption yet.
Q:is bitcoin asking for criminals?
PM: No. blockchain.
CRVC: e-gold was not criminal and had full records but complaint from LE was this is not enough and they wanted more.
PM: LE will have to do some more work by themselves. invites LE to tell him what they exactly need.
closing remarks:
WV: change regulation, update them. new payments system will have to adopt.
CRVC: digs Bitcoin. transformational.
PM:bitcoin too small for serious money laundering.
Patrick Murck (PM) Carol R. Van Cleef (CRVC), Will Voorhees (WV), J. Bradley Jansen (JBJ) - Freebanking.org
JBJ: what is bitcoin?
PM: we don't know what asset class bitcoin actually is. def not legal tender, thinks its simply a new thing.
CRVC: please hire me i'm smart. its a value transfer mechanism and easier to work with than a security.
WV:Bitcoin scary because LE does not know how it works. money laundering, terrorist financing. government is used to simply harvesting full financial info.
JBJ: bank secrecy act has not stopped drugs, lets abolish it.
CRVC: BSA just documents financial crimes, should not stop it.
PM: we need safe harbor for banking innovators with open guidelines everyone could follow to have more innovation.
WV: good thing that fincen puts a burden on bitcoin exchanges.
PM: no one is in charge of bitcoin, bitcoin is not anonymous. irreversible TX - not required by bitcoin we will have multisig support. that makes it more friendly for endusers.
CRVC: whatsup with that C&D in CA?
PM: US is too complicated with their 50 different regulations. State of California is clueless and we will school them.
CRVC: Banks should simply take on the exchange function and everything will be dandy.
WV: Bitocoin will need to change to adopt to US law and he thinks the Bitcoin Foundation is going to introduce it.
PM:regarding the fincen guidance: fincen ruling is backwards with mining. Needs proper de minimis rules.
CRVC: makes statements which make it look like she does not know what mining is.
PM: foundation is working on something to reach out to regulators: we will reach out to LE that users can report suspicious stuff to authorities. invites FBI to build a FBI wallet so they aquire more information. Bitcoiners can either put their head in the sand or accept the coming changes through regulation. does not matter if you are in the US or not, apparently US regulations apply worldwide.
CRVC: Portion of the Bitcoin community will have to retain information who transacts with whom, just like banks need to track cash flows.
Q:if regulation becomes too cumbersome, will bitcoin be a closed system.
PM: we don't know. i just earn and spend them
WV: transfer or exchange fincen does not care, still money transmission. coffe shop owner who takes bitcoin == money transmitter.
CRVC: opposite is true. but IRS still wants taxes on those tx.
Q: how does my 82 year old mother benefit from bitcoin?
PM:bitcoin is not ready for mass adoption yet.
Q:is bitcoin asking for criminals?
PM: No. blockchain.
CRVC: e-gold was not criminal and had full records but complaint from LE was this is not enough and they wanted more.
PM: LE will have to do some more work by themselves. invites LE to tell him what they exactly need.
closing remarks:
WV: change regulation, update them. new payments system will have to adopt.
CRVC: digs Bitcoin. transformational.
PM:bitcoin too small for serious money laundering.
June 26, 2013, 02:04:37 PM
livestream is currently broadcasting the Bitcoin Panel: http://new.livestream.com/accounts/1409343/events/2202468
June 21, 2013, 09:47:24 AM
I will be moderating the Bitcoin panel at CFP next week: Wednesday, June 26th, 3-4:15 pm (Eastern). If you can make it to DC, best to come in person!
http://www.cfp.org/2013/wiki/index.php/Program_Descriptions#Bitcoin_and_Beyond:_Financial_Privacy_and_Censorship
Bitcoin and Beyond: Financial Privacy and Censorship
This panel will discuss the present and future of currencies in a digital age and prospect of striking a balance between the ability to circumvent financial requirements and government interest in regulation.
(I invited FinCEN, but they declined)
It will be webcast, I'm told, but I don't have a URL or anything to share yet. My intention is to take questions via #CFPbitcoin as well.
http://www.cfp.org/2013/wiki/index.php/Program_Descriptions#Bitcoin_and_Beyond:_Financial_Privacy_and_Censorship
Bitcoin and Beyond: Financial Privacy and Censorship
This panel will discuss the present and future of currencies in a digital age and prospect of striking a balance between the ability to circumvent financial requirements and government interest in regulation.
(I invited FinCEN, but they declined)
It will be webcast, I'm told, but I don't have a URL or anything to share yet. My intention is to take questions via #CFPbitcoin as well.
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