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Topic: CSPAN3 Live: WATCH Virtual Currency Hearing - page 2. (Read 2169 times)

sr. member
Activity: 364
Merit: 250
I am Citizenfive.
November 19, 2013, 04:14:17 PM
#2
Sen. Heitkamp (D-ND) - "I want to say how grateful I am today, to be having a hearing on something that has a useful purpose, and not when there's already a disaster."

She's also defending Bitcoin as being far more than terror funding and hot topics, and gave an example about a bakery accepting Bitcoin for a pie.
sr. member
Activity: 364
Merit: 250
I am Citizenfive.
November 19, 2013, 04:11:29 PM
#1
They've really done a decent job reading up on what's going on.

Lol, just mentioned the BTCST as a pyramid scheme run on Bitcoin.

In particular, FinCEN's Jennifer Calvery is practically defending Bitcoin. She and her associate to her left from the Bank Commission, seem genuinely somewhat at, and specifically laid out it's usage for transferring value worldwide virtually instantaneously and at negligible fees as its primary consumer and economic value. One suspects Dave at the Bank Commission is not particularly pleased with quality of service provided by the status quo for the price charged.


They also just all got a good laugh at what is going to happen with the SR seized Bitcoins since they just went over how you can't touch Bitcoins without the PriKey. (Calvery quipped that, luckily, FinCEN doesn't have to worry about that.)

http://www.c-span.org/Live-Video/C-SPAN3/
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