Topic: Decentralized Exchanges Are Illegal. - page 2. (Read 7929 times)
Bitcoin isn't an exchange at all, it is a software!
Does anyone have a specific source for this claim?
Wouldn't surprise me if giving your kid a pop tart is illegal nowadays.
I don't know, but if your kid bites that pop tart into the shape of a pistol, you may be an accessory.
http://reason.com/blog/2013/03/01/pop-tart-pistol-7-year-old-gets-suspende
I feel sorry for anyone who doesn't already have the OP and PuffPuffPass on ignore yet.
Judging by your reactions, they're doing a Grade A troll job here.
Judging by your reactions, they're doing a Grade A troll job here.
The only trolls here are the ones still living under a bridge.
FINCEN covers anyone who transfers money between two parties, be it virtual or real, they are therefore a MSB and must be registered as such. The cost of doing so is millions of dollars on the state level, and anyone who trades USD or with americans must be regulated. Ripple and any decentralized exchange theory therefore will be illegal as no one within the network can afford to be regulated. Even if such a network existed on tor it must at some point interface with the banks and it is at that point that FINCEN can begin hanging people to scare the rest into submission.
This is not true. Nothing in FinCEN prevents you from trading Bitcoins for other cryptocurrency or for FIAT as long as you are acting on your own behalf (i.e. not a business).
The actual method of trading whether centralized or decentralized or meeting at your mom's house has no bearing.
FinCEN applies to US companies which act for consumers as a money services businesses - think Western Union - it doesn't apply to individuals.
You should claim and pay taxes on all income when / if you convert to FIAT.
If selling Bitcoins for cash was illegal so would selling your used gpu or your grandma's antique furniture.
The actual method of trading whether centralized or decentralized or meeting at your mom's house has no bearing.
FinCEN applies to US companies which act for consumers as a money services businesses - think Western Union - it doesn't apply to individuals.
You should claim and pay taxes on all income when / if you convert to FIAT.
If selling Bitcoins for cash was illegal so would selling your used gpu or your grandma's antique furniture.
I feel sorry for anyone who doesn't already have the OP and PuffPuffPass on ignore yet.
Judging by your reactions, they're doing a Grade A troll job here.
Judging by your reactions, they're doing a Grade A troll job here.
The regime is tightening its sinister grip! Be afraid! Run! Run!!!
http://www.globalpost.com/dispatch/news/regions/americas/united-states/130607/what-if-journalists-covered-us-like-they-cover-world
http://www.globalpost.com/dispatch/news/regions/americas/united-states/130607/what-if-journalists-covered-us-like-they-cover-world
According to FINCEN.
they cant regulate the whole world, it will be fun for us to watch them try tho.
fincen = USA
What about the other 95% of the population
What about the other 95% of the population
Wouldn't surprise me if giving your kid a pop tart is illegal nowadays.
Maybe it is time to have a major decentralized cryptotrading site on the tor network even if this is a troll.
According to FINCEN.
They can jerk off
Bitcoin will not survive.
It was not designed to, it is only an experiment to test the waters; The real global champion will
be the one that rises from it's ashes, better, faster, stronger: Anti-fragile perfected.
We are already seeing the emergence of a true world government by the people for the people and for
that the first shot is establishing a currency that no nation or corporation can control. You can almost
say that Bitcoin is the internet nations currency an underlying web that connects everyone in the
planet now with a currency to match.
Smile and wave, we are the new Boston tea party.
that exchange that people are talking about, who cares if it is illegal? If it's useful people will use it and
even those who wish to stop it will see the ideology behind it and they will make the same mistake they
always do, enforcing it by the point of a gun, taking away ones logic or their life. silly rabbits tricks are for kids.
It was not designed to, it is only an experiment to test the waters; The real global champion will
be the one that rises from it's ashes, better, faster, stronger: Anti-fragile perfected.
We are already seeing the emergence of a true world government by the people for the people and for
that the first shot is establishing a currency that no nation or corporation can control. You can almost
say that Bitcoin is the internet nations currency an underlying web that connects everyone in the
planet now with a currency to match.
Smile and wave, we are the new Boston tea party.
that exchange that people are talking about, who cares if it is illegal? If it's useful people will use it and
even those who wish to stop it will see the ideology behind it and they will make the same mistake they
always do, enforcing it by the point of a gun, taking away ones logic or their life. silly rabbits tricks are for kids.
When the government gets hold of some people and puts them in federal penitentiary for felony tax evasion, people will learn. You DON'T need a big red "OFF" button to shut down bitcoin. Bitcoin is very fragile. For crying out loud people go into panic mode whenever they see a large sell order. Also any new laws or regulations will deter future investors thus preventing new "fiat" from coming in.
Good thing Bitcoin is " the world currency " and not owned, managed or controlled by the US.
As BTC becomes more widely distributed, any actions the US takes will be tantamount to pissing in the wind.
It will take time but there is no doubt it will survive attacks from those slowly losing control.
And eventually THRIVE, just like BitTorrent.
So is Silk Road - the whole point is that P2P solutions cannot be destroyed by outside forces.
According to FINCEN.
Not if every person registers as a MSB?
Coming soon, MSB forms stapled to birth certificates
It's probably true that trading in any sort of unregistered or un-tracked financial instrument is or will soon be illegal in most jurisdictions. That's why any type of decentralized exchange, to be successful in the long run, must be anonymous/pseudonymous. On the positive side, all of the restrictions governments are imposing on fiat currencies are making them less and less like real money every day. That can only bode well for the value of cryptocurrencies, and we may soon be much less interested in exchanging them with fiat.
When the government gets hold of some people and puts them in federal penitentiary for felony tax evasion, people will learn. You DON'T need a big red "OFF" button to shut down bitcoin. Bitcoin is very fragile. For crying out loud people go into panic mode whenever they see a large sell order. Also any new laws or regulations will deter future investors thus preventing new "fiat" from coming in.
-
bait topic is bait
Jump to: