Topic: FBI is after bitcoin? Good! - page 3. (Read 5057 times)
Meh, if the US do something stupid and start attacking bitcoin more than they already are- they need to realise that bitcoin is a GLOBAL currency and shutting bank accounts and closing exchanges does nothing. They just miss out on the current (and next wave) of entrepreneurs starting Bitcoin businesses in their country. Bitcoin will still be there tomorrow- itll flourish in friendlier jurisdictions.
Typical american institutions. The only threat is national debt and colapse of current monetary system
Bitcoin can be a scapegoat to USD hyperinflation "There's nothing we could do...." "Don't blame us..you caused the $ to collapse"
The comments in this thread kind of remind me of this
let´s hope bitcoin price rises fast enough for us to be able to bribe all those bureaurocrats. give em some btc...
After a careful study of bitcoin, FBI people finally wake up and understand the fiat money scam is the biggest national thereat that they should investigate: Who get the ownership of newly created dollar 
Answer: FBI salaries, benefits, and ex-FBI retiree pensions (and the banks they use). They will all get some of the newly printed dollars first. When they spend the money then the private sector finally gets some of those dollars.
After a careful study of bitcoin, FBI people finally wake up and understand the fiat money scam is the biggest national thereat that they should investigate: Who get the ownership of newly created dollar
The reply that really matters is the one which the Federal Reserve writes to the Senate. They will have the opposite imperative to claim that it is irrelevant. If the Fed talks up the "threat" of Bitcoin then that really will rocket this disruptive technology onto the front pages everywhere.
Unfortunately, like Tom's Illuminati, the secretive Fed would prefer its report to remain secret. Hopefully someone will dump it on Wikileaks.
Unfortunately, like Tom's Illuminati, the secretive Fed would prefer its report to remain secret. Hopefully someone will dump it on Wikileaks.
People aren't dumb, especially people in the FBI.
Bitcoin was really well designed..imo one of the most genius inventions of our time.
Bitcoin was really well designed..imo one of the most genius inventions of our time.
Sounds like a lot of people here don't live in the states.
Who cares what happens in the United States.
I don't
I don't
difference goes to state or get wasted (Today you sell for $$$, tomorrow you get jail and confiscation. Or get shot by competitors). I wouldn't like to become that rich.
You gotta get bitcoins first. Then when you get the bitcoin, you get the power. Then when you get the power, then you get the woman.
While all this brouhaha sounds ominous, there is little they can really do. There is no legal standing (nor logical reasoning) to consider Bitcoin any more of a threat than any other payment system.
You don't need "legal standing" when you can just change the laws. Then you are suddenly standing on very solid ground.
im happy i dont live in the us..
It used to be pretty good but yeah, now it does sort of suck.. I mean it's still better than Somalia or Iran, but I suspect not nearly as good as the Netherlands or New Zealand and most of western europe.
But the evil interests have taken control of this country...they own most everything and always getting more and they don't do it by "playing fair". If they have to, they will make a law that equates bitcoin with heroin or cocaine. Yes those are still around but definitely underground and relatively dangerous to be buying or selling.
There is no legal standing (nor logical reasoning) to consider Bitcoin any more of a threat than any other payment system. There will soon be a tipping point where government is seen as bullying Bitcoiners and some other nation will step in as a voice of reason. Smart money will go there (hello France, Iceland, Japan, India, and others).
Agree, bitcoin is no more threat to a citizen than any other monetary system. But it is a threat (or at least a very big nuisance) to the states. That's why they will try to persuade their citizens that BTC is a theat for them as well. And for such persuagion you don't need logical reasoning, you need an emotional picture. Such as kidnapped child or blown-up skyscraper. First - hypotetical cases, then, when BTC grows bigger - real cases.As for "France, Iceland, Japan, India and others", printing money is a source of income for all states (including ones you've listed). Why would they voluntary forfeit it? Or who would force them? Voters? What percentage of voters understand that inflation is a tax?
That's why I'm glad that we may get an ally in the enemy's camp, namely the FBI's Anti-BTC Department.
The war on bitcoins will do to the Bitcoin price what the War on Drugs has done to the price of drugs.
We are all about to get stinking rich.
I'm not an economist, but it seems to me that it is not quite true. If exchange is made more difficult, buyer does pay more. But the seller on average does not receive more. The difference goes to state or get wasted (Today you sell for $$$, tomorrow you get jail and confiscation. Or get shot by competitors). I wouldn't like to become that rich. We are all about to get stinking rich.
Although real price will grow as well, because of side-effects of the war, such as publicity.
The war on bitcoins will do to the Bitcoin price what the War on Drugs has done to the price of drugs.
We are all about to get stinking rich.
We are all about to get stinking rich.
tvbcof, Holliday
Thanks
Such victories get rewarded not by closures, but by promotions and fundings. That's how war on drugs is waged. Any reasons to believe that war on bitcoin will be different?
Thanks
in my opinion your assumptions are irrational.
I assume actors' rational self-interest. Departments want to grow. Parkinson's Law, you know. They grow if they can justify it to the tax-payers. Anti-BTC department will have very good justifications.FBI would slowly close bitcoin. juicing every dollar out of the government and only doing just enough to keep their department open.
Person that "just doing enough" can't become the head of a department. Not ambitious enough. And there are ambitious deputies anyway. if they completely fail, they will just be closed.
But who is talking about failure? Billlions of $ confiscated, millions of captives in prisons - are not signs of failure, but signs of great victory, aren't they? Such victories get rewarded not by closures, but by promotions and fundings. That's how war on drugs is waged. Any reasons to believe that war on bitcoin will be different? 
While all this brouhaha sounds ominous, there is little they can really do. There is no legal standing (nor logical reasoning) to consider Bitcoin any more of a threat than any other payment system. There will soon be a tipping point where government is seen as bullying Bitcoiners and some other nation will step in as a voice of reason. Smart money will go there (hello France, Iceland, Japan, India, and others). Until there is more than breast-beating, this is a good time to get cheap bitcoins.
Here's a test: One of the greatest potential threats about Bitcoin is *gasp* kidnapping with a ransom in Bitcoin. It's the perfect crime, right? Yet nobody has done so. Why? Because Bitcoin is not good for that. If Bitcoin was so great for narcotics, then why aren't the cartels using it? Because it's not good for that. Bitcoin is not good for crime. It is not anonymous. It *is* private. There is a difference. Maybe they are more afraid of privacy than anything else. Are you listening NSA?
Here's a test: One of the greatest potential threats about Bitcoin is *gasp* kidnapping with a ransom in Bitcoin. It's the perfect crime, right? Yet nobody has done so. Why? Because Bitcoin is not good for that. If Bitcoin was so great for narcotics, then why aren't the cartels using it? Because it's not good for that. Bitcoin is not good for crime. It is not anonymous. It *is* private. There is a difference. Maybe they are more afraid of privacy than anything else. Are you listening NSA?
If the busybodies, bureaucrats and lawyers take Bitcoin away from the American people, for their safety I would be very happy.
Hopefully the next silicon valley will be forced to form outside of the United States and finally bring an end to American technology dominance.
Just like the Government has killed the cloud industry (NSA Prism) in the states they now stand to destroy one of the next tech paradigms.
Of course for people outside the United States this could not be more welcome.
Like I predicted a while ago, the US will eventually be destroyed from the inside out by vile lawmakers and clueless policy setters. People who hold power because it makes them feel better will be the downfall of the US and the faster it happens the better.
So US lawmakers, please ban all the Bitcoins, make the internet slower, stop all pornography and make sure no US citizen can send a encrypted email or wander onto a bad internet page. Ban it all and make those Americans safe!
Thanks, the World.
Hopefully the next silicon valley will be forced to form outside of the United States and finally bring an end to American technology dominance.
Just like the Government has killed the cloud industry (NSA Prism) in the states they now stand to destroy one of the next tech paradigms.
Of course for people outside the United States this could not be more welcome.
Like I predicted a while ago, the US will eventually be destroyed from the inside out by vile lawmakers and clueless policy setters. People who hold power because it makes them feel better will be the downfall of the US and the faster it happens the better.
So US lawmakers, please ban all the Bitcoins, make the internet slower, stop all pornography and make sure no US citizen can send a encrypted email or wander onto a bad internet page. Ban it all and make those Americans safe!
Thanks, the World.
Quote
...on the nature and scale of the risk posed by such ersatz currency...
I know BTC is safe, but it will more and more difficult to offer exchange services in the U.S.
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