Topic: [BitFunder] WTF! BitFunder Restrictions to US Citizens - page 2. (Read 12167 times)
I believe this is the reason Bitcoin price is stagnant...
It is absolutely unhappy time because of BTCT and BITFUNDER...... those two exchanges just diminishing the confidence of investors within BTC securities...
Because the grocery stores know they are doing something illegal by selling bad twinkies its only a matter of time before they get shut down. SEC's standards were put in place to protect the investors and any stock exchange service should comply if operating within its jurisdiction.
Side note: would it not be possible to create a p2p exchange program?
Side note: would it not be possible to create a p2p exchange program?
I don't think it should be illegal to buy bad twinkies. I don't think investors should be "protected" from buying stocks that the SEC doesn't approve.
...
I know what you mean -- if we don't speak up for our right to bear Twinkies, they'll take away our rotten beef rights next, and when they come for our salmonella-infested poultry, there'l be no one left to speak up
(Twinkies?)
It is also partially restricted to canadian and other users. As they force you to go through weexchange (false volume) they are going to prevent you from doing even this unless you have provided a selection of id documents totalling 100 points, but if you do not posses a drivers license there is NO WAY to get 100 points. I've got credit card (25 points), utility bill (25 points), passport (40 points) but no driver's license. I have epilepsy. Trust me, you DO NOT want me driving on public roads. so this means, due to a medical condition, that is no fault of my own, I am probably unable to use weexchange, and therefore, on nov 1st, totally unable to use bitfunder either.
...
...
Access for people with disabilities is made possible through the very government regulations we try to avoid.
It is not a right.
Illness, much like poverty and lack of intelligence, hinders your ability to compete in this -- the free market.
Sad but true.
Kindly refrain from calling on the nanny-state to intervene on your behalf to regulate bitcoin entrepreneurs out of existence
they accepted my photo ID, I'm verified now, but your attitude towards people with barriers is still stuck in Nazi Germany circa 1939. I could go get a driver's license, you know. I do not have to disclose my medical condition, and I know epileptics who drive despite the risk, but out of consideration for the rest of the society I live in, and the safety of my fellow citizens I deign not to get behind the wheel, because I never know when a grand mal will come on and I will drive into pedestrians/ on-coming traffic/private properties/pets & animals.
But hey listen, you're obviously a forward thinking guy, how bout I do go get my license and go joyriding around your granny's house or the school where your kids attend. Fuck the rules, eh?
If terrorizing a struggling business into accepting your substandard ID wasn't enough, you now go on to threaten my children and my kindly grandma with your brutish reckless "driving"?
You don't frighten me, buster! I have dedicated American Patriots guarding my boarders, they'll spot you for the terrorist weapon of mass destruction that you are, and then BAM! Guantanamo!
Better keep your dangerous self to your God-forsaken backwater foregny, and stay out of my Land of the Free -- we have STANDARDS here.
but what you say is pretty funny! if you ever want to live where you can express yourself freely, use cryptocurrency or cryptocurrency based securities exchanges without facing the wrath of a quasi-facist "nanny-state" c'mon up to canada. we respect FREEDOM here.
also, if I was actually going to do any of the things I write here... I wouldn't write them here first. The next time you see me...you wont see me. capice?
Jacque Shellacque: You brag about sneaking into my America, hidden in the back of your mule's Deux Chevaux. I know you weren't driving -- our Brave Boarder Guardsmen would have spotted a sicko like you in an instant, and you said you can't drive due to your so-called "illness." It is not an illness, it's a lifestyle choice! Acknowledge this, and stop sneaking into my country to spread your filthy vices!
Now my country will have to check the trunks of every Canadian shitbox trying to cross the border. Just to keep sickos like you from infecting American Children with your perverted ideas about epilepsy.
Epilepsy is not "normal" and it is not "natural," read the Bible, you sicko!
*As far as my not seeing you coming? I probably won't if ur mom won't drive u 2 America.
Sec doesn't want businesses parading around as legit companies making a profit selling illegal items and operating in ways that would fuck over its investors. I think its funny that people think just because you use bitcoin as a form of payment the law no longer applies to them.
We cant have half-assed grocery stores profiting off the old twinkies that should never have been sold in the first place.
Why not? Why not allow the consumer to decide which twinkie they want to buy? What if someone can't afford a shiny new twinkie, but they are happy to have a stale one?
I strongly object to any government telling me that I can't do something because they believe it is not good for me.
Because the grocery stores know they are doing something illegal by selling bad twinkies its only a matter of time before they get shut down. SEC's standards were put in place to protect the investors and any stock exchange service should comply if operating within its jurisdiction.
Side note: would it not be possible to create a p2p exchange program?
It is also partially restricted to canadian and other users. As they force you to go through weexchange (false volume) they are going to prevent you from doing even this unless you have provided a selection of id documents totalling 100 points, but if you do not posses a drivers license there is NO WAY to get 100 points. I've got credit card (25 points), utility bill (25 points), passport (40 points) but no driver's license. I have epilepsy. Trust me, you DO NOT want me driving on public roads. so this means, due to a medical condition, that is no fault of my own, I am probably unable to use weexchange, and therefore, on nov 1st, totally unable to use bitfunder either.
...
...
Access for people with disabilities is made possible through the very government regulations we try to avoid.
It is not a right.
Illness, much like poverty and lack of intelligence, hinders your ability to compete in this -- the free market.
Sad but true.
Kindly refrain from calling on the nanny-state to intervene on your behalf to regulate bitcoin entrepreneurs out of existence
they accepted my photo ID, I'm verified now, but your attitude towards people with barriers is still stuck in Nazi Germany circa 1939. I could go get a driver's license, you know. I do not have to disclose my medical condition, and I know epileptics who drive despite the risk, but out of consideration for the rest of the society I live in, and the safety of my fellow citizens I deign not to get behind the wheel, because I never know when a grand mal will come on and I will drive into pedestrians/ on-coming traffic/private properties/pets & animals.
But hey listen, you're obviously a forward thinking guy, how bout I do go get my license and go joyriding around your granny's house or the school where your kids attend. Fuck the rules, eh?
If terrorizing a struggling business into accepting your substandard ID wasn't enough, you now go on to threaten my children and my kindly grandma with your brutish reckless "driving"?
You don't frighten me, buster! I have dedicated American Patriots guarding my boarders, they'll spot you for the terrorist weapon of mass destruction that you are, and then BAM! Guantanamo!
Better keep your dangerous self to your God-forsaken backwater foregny, and stay out of my Land of the Free -- we have STANDARDS here.
but what you say is pretty funny! if you ever want to live where you can express yourself freely, use cryptocurrency or cryptocurrency based securities exchanges without facing the wrath of a quasi-facist "nanny-state" c'mon up to canada. we respect FREEDOM here.
also, if I was actually going to do any of the things I write here... I wouldn't write them here first. The next time you see me...you wont see me. capice?
where these sketchy stocks can prosper freely
But see, why would you want sketchy stocks in the first place? This basically devolves into an argument over how to save the Twinkies that were masquerading as real food, made a bunch of people sick, and ended up proving unfeasible for everyone involved.
I like your metaphor so Ill try to explain my reasoning with it. I think that there should be 2 options for people, buy fresh twinkies from a grocery store (that is regulated by FDA) and you can also buy old gross twinkies you found in a back alley if you want to take the risk of it being expired/poisoned. My point is that for centralized exchanges to operate they need to be complying with the regulations in their field. We cant have half-assed grocery stores profiting off the old twinkies that should never have been sold in the first place.
where these sketchy stocks can prosper freely
But see, why would you want sketchy stocks in the first place? This basically devolves into an argument over how to save the Twinkies that were masquerading as real food, made a bunch of people sick, and ended up proving unfeasible for everyone involved.
Your twinkies comparison doesn't make any sense at all.
where these sketchy stocks can prosper freely
But see, why would you want sketchy stocks in the first place? This basically devolves into an argument over how to save the Twinkies that were masquerading as real food, made a bunch of people sick, and ended up proving unfeasible for everyone involved.
https://bitcointalksearch.org/topic/m.3316856
I've posted a proposal to potentially help US investors to reduce loss from forced selling at lower price.
I've posted a proposal to potentially help US investors to reduce loss from forced selling at lower price.
...and if someone bites the bullet and starts a licensed exchange, the fun's only starting -- where to find registered securities to trade???
It's not currently possible to start a licensed exchange. There aren't any laws to make it possible.
http://www.sec.gov/divisions/marketreg.shtml
Those laws don't apply to cryptocurrencies or Bitcoin.
Sauce?
And which "those laws" are them those?
P.S: US law is THE OPPOSITE of access control on Apache servers. It works like this:
Allow all
Deny Bad.thing.1, Bad.thing.2, ...
Horrible way to secure a server, 'coz everything not explicitly forbidden is ALLOWED.
No law? Then shit's allowed. See?
...and if someone bites the bullet and starts a licensed exchange, the fun's only starting -- where to find registered securities to trade???
It's not currently possible to start a licensed exchange. There aren't any laws to make it possible.
http://www.sec.gov/divisions/marketreg.shtml
Those laws don't apply to cryptocurrencies or Bitcoin.
... I forgot about CampBX.
...
Maybe it's better that way. At first glance:...
Newsflash: Dwolla yanking support on Oct. 15.
Search CampBX->Parent co:
Lawdy, why?
It is also partially restricted to canadian and other users. As they force you to go through weexchange (false volume) they are going to prevent you from doing even this unless you have provided a selection of id documents totalling 100 points, but if you do not posses a drivers license there is NO WAY to get 100 points. I've got credit card (25 points), utility bill (25 points), passport (40 points) but no driver's license. I have epilepsy. Trust me, you DO NOT want me driving on public roads. so this means, due to a medical condition, that is no fault of my own, I am probably unable to use weexchange, and therefore, on nov 1st, totally unable to use bitfunder either.
...
...
Access for people with disabilities is made possible through the very government regulations we try to avoid.
It is not a right.
Illness, much like poverty and lack of intelligence, hinders your ability to compete in this -- the free market.
Sad but true.
Kindly refrain from calling on the nanny-state to intervene on your behalf to regulate bitcoin entrepreneurs out of existence
they accepted my photo ID, I'm verified now, but your attitude towards people with barriers is still stuck in Nazi Germany circa 1939. I could go get a driver's license, you know. I do not have to disclose my medical condition, and I know epileptics who drive despite the risk, but out of consideration for the rest of the society I live in, and the safety of my fellow citizens I deign not to get behind the wheel, because I never know when a grand mal will come on and I will drive into pedestrians/ on-coming traffic/private properties/pets & animals.
But hey listen, you're obviously a forward thinking guy, how bout I do go get my license and go joyriding around your granny's house or the school where your kids attend. Fuck the rules, eh?
I think you're just affraid to drive
...and if someone bites the bullet and starts a licensed exchange, the fun's only starting -- where to find registered securities to trade???
It's not currently possible to start a licensed exchange. There aren't any laws to make it possible.
http://www.sec.gov/divisions/marketreg.shtml
... The legal status is unknown although I do know that it's not legal to run an unlicensed centralized exchange.
...and if someone bites the bullet and starts a licensed exchange, the fun's only starting -- where to find registered securities to trade???
It's not currently possible to start a licensed exchange. There aren't any laws to make it possible.
The first step is to start a lobbying effort through DATA http://datauthority.org/ to create a new set of laws to make it possible. Otherwise the decentralized route will be the only path left to take.
I might be wrong but aren't campbx and coinbase operating legally in the us?
And I completely agree with your two solutions. We either need a fully decantralized exchange (like colored coins) where these sketchy stocks can prosper freely, or a regulated centralized exchange that would probably be more expensive but I would be willing to pay for better insurance.
And I completely agree with your two solutions. We either need a fully decantralized exchange (like colored coins) where these sketchy stocks can prosper freely, or a regulated centralized exchange that would probably be more expensive but I would be willing to pay for better insurance.
I think we will end up with both. It's a Napster type situation where Napster has just shut down and we all know what happens next technologically. It's inevitable that a decentralized exchange will happen and the region lock was probably the single decision that was the impetus for it. Ukyo's decision will have a ripple effect.
The technological solution is not a long term solution, it's a bootstrapping. The technological solution will eventually be regulated and that will be the long term solution.
A centralized exchange is a legal impossibility according to the vague US laws. You can thank the lack of foresight of US politicians for that. DATA authority may be able to bring some foresight into the lawmaking process and we probably need think tanks for this space.
...and if someone bites the bullet and starts a licensed exchange, the fun's only starting -- where to find registered securities to trade???
Maybe some of the legitimate businesses that are already registered and want to incorporate bitcoin funding?
There should be a banner on the homepage saying "we will in no way attempt to comply with the US law". Do we have any actual details as to why these exchanges are shutting down? As far as I am understanding they just aren't complying with SEC's standards which don't seem too unfair in my opinion. I would love a bitcoin based stock exchange that actually does comply with US laws sort of like how many bitcoin exchanges operate legally in the US.
I don't think there are any bitcoin exchanges operating legally in the U.S. It is possible that there will never be.
There currently aren't and yes that is possible.
There are only two solutions.
A) Technological via a decentralized exchange.
B) Political via lobbying efforts to pass laws for customized regulation to cater to our needs.
I think both solutions should be pursued simultaneously. If lawmakers don't listen now, they'll listen when the tools are made and the pressure builds. Lawmakers can get together to pass a law to allow for Bitcoin exchanges but until that happens the technology is unregulated. The legal status is unknown although I do know that it's not legal to run an unlicensed centralized exchange.
I might be wrong but aren't campbx and coinbase operating legally in the us?
And I completely agree with your two solutions. We either need a fully decantralized exchange (like colored coins) where these sketchy stocks can prosper freely, or a regulated centralized exchange that would probably be more expensive but I would be willing to pay for better insurance.
... The legal status is unknown although I do know that it's not legal to run an unlicensed centralized exchange.
...and if someone bites the bullet and starts a licensed exchange, the fun's only starting -- where to find registered securities to trade???
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