I am planning on donating to Freebanking.org as a sort of insurance (and big Thankyou).
If you figure out a way to donate using bitcoins, please share. I only saw PayPal.
Topic: FinCen preparing to prosectute some Bitcoin users - page 6. (Read 13153 times)
If you figure out a way to donate using bitcoins, please share. I only saw PayPal.
They might prosecute for money laundering, sure. Probably not buying drugs, but the police would go after that. :-(
My concern is for those who move their bitcoins into and out of dollars, if only occasionally. They hinted that they don't like that.
This is a serious thing, I really recommend you guys listen to that podcast. It is better to be prepared.
The quote thing is great. But don't you think the "fight" will better be done with preparation and legally? I mean that is in a way, our greatest hope - but not our only hope.
They might prosecute for money laundering, sure. Probably not buying drugs, but the police would go after that. :-(
My concern is for those who move their bitcoins into and out of dollars, if only occasionally. They hinted that they don't like that.
This is a serious thing, I really recommend you guys listen to that podcast. It is better to be prepared.
First they ignore you, done
then they laugh at you, done
then they fight you, <---- we are here
then you win
then they laugh at you, done
then they fight you, <---- we are here
then you win
They might prosecute for money laundering, sure. Probably not buying drugs, but the police would go after that. :-(
FinCen - Financial Crimes Enforcement Network
Bradley Jansen of freebanking.org http://www.freebanking.org/author/jansen/ mentioned this on "Let's Talk Bitcoin"'s podcast from today. His words, not mine. A MUST LISTEN! Starting at around the 9 minute mark and roughly half the show.
Show Notes - http://feedproxy.google.com/~r/TheDailyBitcoinShow/~3/LKTs7vLbpLI/lets-talk-bitcoin-episode-001
MP3 - http://feedproxy.google.com/~r/TheDailyBitcoinShow/~5/v1uhZzA06to/89228962-mindtomatter-lets-talk-bitcoin-episode-001.mp3
I imagine the first prosecutions will clearly be for things related to drug purchases, laundering money, etc. Regardless, when this happens it will affect the largest network of bitcoin users.
He said FinCen has been the single biggest factor in stomping out currency competitors. e.g. - EGold
The Patriot Act has made them all the more powerful.
He said he heard it through the grapevine - that FinCen has prosectutions in the works for Bitcoin broadly speaking. He said FinCen put out the guidance in order to prosecute. And their guidelines were ambiguous as we all noticed. And he reiterated he knew the prosecutions were in the works BEFORE the FinCen guidance. This is something we have to prepare for as a community. I am planning on donating to Freebanking.org as a sort of insurance (and big Thankyou). Any other ideas on defending this en mass? It is better we prepare for this as FinCen is doing. I'm sure some of us have already started. We need a strong group of people, doesn't need to be large, just look at how the gun lobby just won out.
Things like "regulations" (quotes intended) can be a very very big hurdle. Luckily VC's are starting to bring money into bitcoin as well as people all over the world. But, the USA is turning into a bit of a, let's just say, strict State and we need to prepare for the worst. WE are going to have to defend ourselves.
Let's continue our Anti-Fragile nature,
IAS
Bradley Jansen of freebanking.org http://www.freebanking.org/author/jansen/ mentioned this on "Let's Talk Bitcoin"'s podcast from today. His words, not mine. A MUST LISTEN! Starting at around the 9 minute mark and roughly half the show.
Show Notes - http://feedproxy.google.com/~r/TheDailyBitcoinShow/~3/LKTs7vLbpLI/lets-talk-bitcoin-episode-001
MP3 - http://feedproxy.google.com/~r/TheDailyBitcoinShow/~5/v1uhZzA06to/89228962-mindtomatter-lets-talk-bitcoin-episode-001.mp3
I imagine the first prosecutions will clearly be for things related to drug purchases, laundering money, etc. Regardless, when this happens it will affect the largest network of bitcoin users.
He said FinCen has been the single biggest factor in stomping out currency competitors. e.g. - EGold
The Patriot Act has made them all the more powerful.
He said he heard it through the grapevine - that FinCen has prosectutions in the works for Bitcoin broadly speaking. He said FinCen put out the guidance in order to prosecute. And their guidelines were ambiguous as we all noticed. And he reiterated he knew the prosecutions were in the works BEFORE the FinCen guidance. This is something we have to prepare for as a community. I am planning on donating to Freebanking.org as a sort of insurance (and big Thankyou). Any other ideas on defending this en mass? It is better we prepare for this as FinCen is doing. I'm sure some of us have already started. We need a strong group of people, doesn't need to be large, just look at how the gun lobby just won out.
Things like "regulations" (quotes intended) can be a very very big hurdle. Luckily VC's are starting to bring money into bitcoin as well as people all over the world. But, the USA is turning into a bit of a, let's just say, strict State and we need to prepare for the worst. WE are going to have to defend ourselves.
Let's continue our Anti-Fragile nature,
IAS
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