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Topic: Fenton: If you want to help an organization who is unafraid to fight ... (Read 251 times)

hero member
Activity: 2534
Merit: 586
Please don't bother


Not only does asking for the government's permission completely go against the fundamentals of Bitcoin's raison d'etre, but the Bitcoin Foundation is a corrupt non-entity, long since written off by Bitcointalk.org members after their bankruptcy proceedings revealed their hilarious spending frivolities.

The Bitcoin community doesn't need to support the addition of another corrupt charity status organisation to the world, there are more than enough of these parasites to go around already
definitely I will take permission of the government in this regard. Then it could be possible to de work with an organization who really wants to work in bitcoin progress and not afraid of the big underworld mafia of the world currency to hold an unfair means of world top currencies.

It is a difficult job but I think it is much important and for the sake of a new digital currency bitcoin to stop unfair and illegal ways of undercover it.
legendary
Activity: 3430
Merit: 3080
Please don't bother


Not only does asking for the government's permission completely go against the fundamentals of Bitcoin's raison d'etre, but the Bitcoin Foundation is a corrupt non-entity, long since written off by Bitcointalk.org members after their bankruptcy proceedings revealed their hilarious spending frivolities.

The Bitcoin community doesn't need to support the addition of another corrupt charity status organisation to the world, there are more than enough of these parasites to go around already
legendary
Activity: 1470
Merit: 1079
"If you want to help an organization who is unafraid to fight for the rights of Bitcoin users, please support The Bitcoin Foundation today."
- Bruce Fenton
https://twitter.com/brucefenton/status/903657584409927680

Sign the bitcoin foundation petition:
https://www.change.org/p/members-of-the-united-states-senate-don%CA%BCt-criminalize-bitcoin-and-other-cryptocurrencies


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It is a similarly inappropriate and premature classification of Bitcoin as money by the Department of Justice that has resulted in innocent Bitcoin traders being thrown in jail.

Something to back it up. Bitcoin as money or asset, both are premature classifications. At some point in time, you simply can't prevent governments from imposing their regulations on bitcoin on how they see it, be it money or asset. As far as bitcoin being not a legal tender being used to convert into a legal tender, Fiat, there is a problem. I don't think it is simply avoidable.

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Bitcoin lacks the characteristic of monetary instruments or financial products which S. 1241ʼs Section 13 attempts to regulate.

Decentralized. Section 13, Combating Money Laundering, Terrorist Financing and Counterfeiting Act of 2017. Financial crimes, again the centralized Fiat vs decentralized bitcoin. Tax evasion, cyberterrorism is terrorism, the ransomwares, dark web.

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It would most certainly stifle technological advances and would in fact over-criminalize any legitimate use of Bitcoin in normal business activities.

Yeah, agreeable to an extent. Something like this would stifle bitcoins growth in the US, and yeah it might not differentiate/discriminate between legit vs illegitimate bitcoin users.

But, I personally don't agree with the first two quotes. Bitcoin is decentralized, but involve Fiat, governments would interfere, it is the truth.

Bitcoin already has a bad reputation for being the currency of criminals, with each ransomware, hack/scam/money laundering, dark web shutdown, the media magnifies it, why legit users take the brunt or stifle the adoption of bitcoin being a currency used for illegal purposes.

Not a government agent, but a bit blunt and it is the fact/truth. If the governments needs to stop to interfere then there has to be no BTC to Fiat or local currency conversions. And if something like that needs to happen, BTC has to evolve into a major global currency where all transactions are in BTC, not dependent on Fiat.
member
Activity: 95
Merit: 10
Bitcoiner ....
"If you want to help an organization who is unafraid to fight for the rights of Bitcoin users, please support The Bitcoin Foundation today."
- Bruce Fenton
https://twitter.com/brucefenton/status/903657584409927680

Sign the bitcoin foundation petition:
https://www.change.org/p/members-of-the-united-states-senate-don%CA%BCt-criminalize-bitcoin-and-other-cryptocurrencies
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