Topic: Do we want to work with money regulators, or keep Bitcoin unregulated? - page 2. (Read 19192 times)

But the problem is: "How do you regulate an international currency nationally?"

You my friend, are an idiot.

There's pros and cons to both, but unregulated will always communicate "under the radar" to many legit businesses that want to deal with commercially regulated companies.

Regulation of bitcoin in some sense is inevitable and probably desirable, but it's important to recognize that the only sense in which bitcoin can be realistically regulated has to do with the ways that bitcoin interfaces with the traditional financial system.  So, exchanges, like MtGox, can be compelled to behave in certain ways by the financial regulations of their jurisdictions.  They can be held to standards of accounting and reporting, say, and face fines or interference for not complying.

A unique aspect of bitcoin is that transacting only in the bitcoin ecosystem, away from points of contact with the traditional financial system, is to transact in a system that is pretty strongly resistant to typical top-down regulation from entities like states.  Users can more easily choose whether they operate in the regulated space or the unregulated space.

In a discussion on regulation, I think it's important to make this distinction.  If somebody, like some members of the Foundation, are pro-regulation, it doesn't necessarily mean they believe that bitcoin itself should or will be regulated - it probably just can't be regulated in a practical way.  What they are likely talking about are regulations to do with certain ways that bitcoin comes in contact with traditional financial systems where states already enforce regulations.

Did you just say, "money isn't the governments business?"

Should i feel sorry for you? 


Would hate to see your code.  Where'd you get the notion that i want to be regulated? 


Slow down there, tiger.  Not sure what you're gettin' worked up about.  I'm not asking you to do anything, and i sure ain't sayn' nothin' 'bout what i'm doing.  Now what did i say to piss you off so much?  That interwebz talk is cheap?  It are a fact.

You must be a genius! I write C but I don't understand plain English.

You want to be regulated? go ahead... I for one will never tell any government how many bitcoins I mined, or what I sold them for....
Hell I even take steps to make sure they won't find out even if they come take my computers...
You can TRY to regulate me, and I will simply not co-operate. quite simple.

If the rest of the public took a similar hard line against this shit, we might be getting somewhere.
In reality the only ones that are somewhat forced to answer to the government are the exchanges.
So you go answer to the government while I do the same thing I always did, and always will.

How many times has the constitution been amended to strip you of your freedom and privacy even further?
How many Americans can sit at home in their underwear and play a game of poker on their computer in the land of the FREE?
It's also funny how you see Americans in other parts of the world talking about how they come from the land of the free like they invented freedom or something...
The land of the free looks pretty damn oppressive to me.

You obviously don't understand what jurisdiction means.  US will regulate Bitcoin within its borders & as it interfaces with US, no different from, say, kiddie pr0nz.  It also may put pressure on other governments to regulate Bitcoin within their borders.  Why did i choose a hot button like child pr0nz?  Because like Bitcoin, its consumption seems impossible to regulate -- it's just a bunch of blips & bloops in da tubez, or data stored on pedo's hard drives.  And yet the party van arrives.


If interwebz bravura is what you're talking about, then sure.  IRL?  I doubt it.  If being stripped down to your undies & felt up at the airport when you forget a few coins in your pocket didn't meet with "fierce opposition," i doubt anything will.

He's also the guy who wrote God Bless You, Mr. Rosewater,  and his alter ego sci fi writer is responsible for The Money Tree, so he's made it pretty clear

Heartstring pull....I wrote a letter to Kurt when I was a kid in the 70's and he wrote back.

Wanna guess what his opinion of government regulation of Bitcoin would be?

“Pay no attention to Caesar. Caesar doesn’t have the slightest idea of what is going on.” --Bokonon, in Vonnegut's  Cat's Cradle.  

The rest of the "Render unto Caesar" quote establishes that nothing is actually Caesar's and that Caesar is a big jerk that can be ignored.

It is from the first post of this thread, by retep https://bitcointalksearch.org/topic/m.1999501

"Render unto Caesar the things that are Caesar's" doesn't stop at the coins with his pics on them.  All commerce in Caesar's domain is taxable by him. 

No, I said bitcoin is not the governments business.. And it clearly isn't.
So who's going to regulate? The US? Well guess what, the rest of the world doesn't give a shit what the US says.

Besides, according to FINCEN...... Well nevermind they are just a bunch of overbearing dictators that have no respect for the constitution, privacy, or any civil rights rights for that matter.
Government attempts to regulate our bitcoins should be met with fierce opposition, and no negotiations.  

I don't know who is being quoted here. But the foundation does not have a position like this that I am aware of.  There is zero support for something like a backdoor in bitcoin. And "putting taxation" into bitcoin is basically a non-starter. Who's tax, USA, Poland, Zimbabwe?