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Topic: FBI is after bitcoin? Good! (Read 5057 times)

legendary
Activity: 980
Merit: 1004
Firstbits: Compromised. Thanks, Android!
August 19, 2013, 08:53:20 AM
#69
These people want to be able to live on Bitcoins and you simply cannot do that if it's not regulated.  

Unsupported assertion. Care to show your derivation?

So all those people who are planning not to cash out into USD who already have thousands or tens of thousands of Bitcoins, you don't think they wont want to be able to pay their utility bills and rent?

Bitcoin can become something we can all live off someday or it can get completely ruined by the crowd who under any circumstances are against regulation. At some point you have to weigh whether or not under-regulation will stifle the currency just as you have to weigh whether or not over-regulation will.

I'm saying under-regulation is equally as bad as over-regulation and that the goal should be to find the proper balance.

You did not show how they "simply cannot do that if it's not regulated." Plenty of people live as well as they like off of their bitcoins already (the yahoos trying to make it into news items and documentaries are trying to do it without using intermediaries like Gyft cards. If you allow for that kind of thing though, then it's clear: bitcoin requires NO regulation.)
sr. member
Activity: 420
Merit: 250
★☆★777Coin★☆★
August 17, 2013, 09:16:09 AM
#68
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.
Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

Making money from scratch -- building presses, graving plates, mixing inks -- stealing.
Taking money away from dumber traders on Gox -- making money.
 Huh




all is going hell so just put it off all and do chat and watch MLB its better
full member
Activity: 210
Merit: 100
August 17, 2013, 06:12:50 AM
#67
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.
Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

Making money from scratch -- building presses, graving plates, mixing inks -- stealing.
Taking money away from dumber traders on Gox -- making money.
 Huh


legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 16, 2013, 09:09:20 PM
#66
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.
Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

As do meth dealers.
legendary
Activity: 4542
Merit: 3393
Vile Vixen and Miss Bitcointalk 2021-2023
August 16, 2013, 08:55:50 PM
#65
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.
Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 16, 2013, 08:32:52 PM
#64
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

Kind of my point.
Depending on who you ask it falls into different categories, so it's better to have it's own.
sr. member
Activity: 252
Merit: 250
August 16, 2013, 08:23:04 PM
#63
Whats to stop the US from making their own Digital Coin and mining factory for it to force people to use that one instead? I am sure if the US came out with a coin that you could mine and easily trade for USD everyone would jump on it pretty quick imo.

 On another thought if they decide to regulate Bitcoin and/or force it out of the States what would that mean to Litecoin and the other 75 coins out there? In theory they would have to put a law or regulation on all digital currencies right? This is so much bigger than bitcoin now
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
August 16, 2013, 05:59:37 PM
#62
These people want to be able to live on Bitcoins and you simply cannot do that if it's not regulated.  

Unsupported assertion. Care to show your derivation?

So all those people who are planning not to cash out into USD who already have thousands or tens of thousands of Bitcoins, you don't think they wont want to be able to pay their utility bills and rent?

I would just like to point out that no regulation is needed for private businesses to decide to accept bitcoin as direct payment for goods and services. It already happens on a small scale today, despite the lack of regulation, and dispite the fact that total bitcoin market cap is lost in the noise compared to the daily change in the federal deficit.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
August 16, 2013, 05:57:03 PM
#61
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
August 16, 2013, 05:54:56 PM
#60
If people want to promote their political views they can join the libertarian party, or start a US version of the pirate party, but I don't think all cryptocurrencies should be linked to a specific political side because that will kill it in the womb.

If I can locate someone who is willing to give me his pig in exchange for my magic number, we can trade. This is an inherently apolitical act. It is your position that is trying to insert politics into this simple interpersonal exchange.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
August 16, 2013, 05:48:38 PM
#59
The final question for you is this, if you're so against regulation if you were facing extortion and threats would you call the police or would you deal with it yourself?

I routinely submit to extortion and threats. And, if you live in almost any contemporary society, so do you. For this is the only mechanism by which governmental authority acts.

To believe that 'governmental authority' is legitimate requires the belief that the immoral can be magically transformed into moral by decree of the collective.
hero member
Activity: 714
Merit: 510
August 16, 2013, 02:44:53 PM
#58
These people want to be able to live on Bitcoins and you simply cannot do that if it's not regulated.  

Unsupported assertion. Care to show your derivation?

So all those people who are planning not to cash out into USD who already have thousands or tens of thousands of Bitcoins, you don't think they wont want to be able to pay their utility bills and rent?

Bitcoin can become something we can all live off someday or it can get completely ruined by the crowd who under any circumstances are against regulation. At some point you have to weigh whether or not under-regulation will stifle the currency just as you have to weigh whether or not over-regulation will.

I'm saying under-regulation is equally as bad as over-regulation and that the goal should be to find the proper balance.
legendary
Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
August 16, 2013, 09:25:19 AM
#57
These people want to be able to live on Bitcoins and you simply cannot do that if it's not regulated.  

Unsupported assertion. Care to show your derivation?
sr. member
Activity: 420
Merit: 250
★☆★777Coin★☆★
August 16, 2013, 09:23:02 AM
#56
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

dumb dumb
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
August 16, 2013, 09:16:18 AM
#55
There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.
sr. member
Activity: 420
Merit: 250
★☆★777Coin★☆★
August 16, 2013, 09:08:22 AM
#54
There are probably only three ways to obtain money.  Earn, inherit or steal
full member
Activity: 235
Merit: 100
August 16, 2013, 04:25:10 AM
#53
We welcome American players.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
August 16, 2013, 01:56:39 AM
#52
What are they going to do, come to everyone's house and take their computers away. That worked real well when they did that with BitTorrent....Oh wait!!

*Opens BitTorrent*

Force works pretty well in the USA today.



Just like it worked throughout history.



Don't fool yourself into believing that government force against it's citizens won't work because it always works.
full member
Activity: 134
Merit: 100
August 16, 2013, 12:17:06 AM
#51
LMAOff topic:

 I usually  don't pay attention to respect =? ratings

 ...then I noticed kuroths avatar of none other than-

al bundy and the immediate respect =0 right underneath

...the only better option would be rodney Dangerfield...or both...
LMAO
sr. member
Activity: 302
Merit: 250
August 15, 2013, 11:59:39 PM
#50
There are probably only three ways to obtain money.  Earn, inherit or steal.

Once you earn or inherit, pay taxes then put it in the bank.  Once you have done that you should feel free to do whatever you want with your money.  Problem is, once your money is in the bank they then want it as well.

Banks are scared they will not have the monopoly to become fat cats.  They should get a life and understand it cannot be all their way.

BTC is just another form of redistributing wealth, and we have control.  Vote with your feet, walk from the bank to BTC.
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