Topic: Hearing on BTC in senate NOW (Read 9815 times)

Any links to the video of Tony Gallippi's testimony ??

  +1   Nice call !

The asian woman behind patrick murck is satoshi nakamoto!!!

You guys missed the whole point...
This Trojan Horse Dude spelled it out clearly...
Raise Barriers to Entry from zero to $1-2 million Reg Fees...
Then HIGH ongoing compliance costs... because money is "special".

Every bank and well-financed BTC business wants High Barriers to Entry...
And that is what we will get codified in law by the Govt.

Then they'll methodically shut down all businesses "not in compliance"...
Which is about 99% of the businesses here.

The beginning of the PayPalization of BitCoin.

Not the businesses that use Bitcoins for transactions.  Just the exchanges, brokers, and dealers. The ones that handle other people's money. Over half the Bitcoin exchanges have failed, taking customer funds with them.

This hearing probably is a lose for the shadier exchanges. With all the major US regulators indicating that they have no fundamental problem with Bitcoin, attention will be focused on the bad actors. Like Mt. Gox not paying out customer funds.

Satoshi is Al Gore!

Senator Carper just revealed it!

What about Zerocoin or Coinjoin?

How can they enforce blacklists?

Now you know why I am working on a more anonymous altcoin.

We will need an escape hatch very soon.

Will they whitelist? Which means if they don't know your identity they block you. But where is the block placed? At the exchanges I presume where they have AML and KYC authority?

Perhaps they declare it is illegal to receive coins which are not whitelisted. So then anonymous coins won't be accepted by anyone who is not anonymous.

Anonymity is an all or nothing unless some countries will resist USA edicts.

We are heading into cyberwarfare. You must go anonymous or be harvested by the "confiscate all wealth" coming when the global economy implodes.

You will have no choice but to go anonymous, or you lose nearly everything. This is what most people don't realize yet.

The law isn't going to help you. Again read my thread:

https://bitcointalksearch.org/topic/rpietila-public-diary-episode-ii-323988
https://bitcointalksearch.org/topic/rpietila-public-diary-episode-ii-323988

The elite have a definitive plan to confiscate everything.

One of the plans floated by Larry Summers and Paul Krugman is to force everyone into electronic currency, then deduct from your account automatically by forcing negative interest rates. They say this is the only way to keep funding socialism forever.

You all don't understand. We are really headed into a global nightmare of unfathomable wickedness.

They don't plan to end this. This is forever in their mind. Which means we will go into war and wickedness.

im having this feeling that we will slowly see bitcoin be incorporated into financial system while dollar fades away with light & fireworks. foundation will program wallet. bitcoin businesses will be future banks. crazy brainwashed warmonging robot-like governmental agencies will enforce that online justice is done and declare WORLD ON CYBER CRIMINALS ending WAR ON TERROR. we will become future millionaires while our voices are becoming less distinct since most of us will be enjoying the new wealth we acquired. this will be phenomenal transfer of wealth. our community as it is today will most probably disappear slowly and the gaps will be filled with less intelligent greedy forumers whose intentions are only to gain wealth quick and easy. this will be what i feared the most. bitcoin will become just like another fiat being controlled by slightly different bunch of people, eventually over time being implemented into usa government. this fiat will be better structured, much smarter, and as a result more punishing. i believe that a true bitcoin community that we have today will have to move into other circles of alternative currencies that are under less attention and not yet regulated. i strongly believe that they will force all alt currencies representatives to comply with fincen or being barred from open official usa crypto trade. we will eventually get us into strongly anonymous crypto currency spaces just like those being actively developed as we speak. im afraid the final confrontation the west will be facing is to be able to regulate exchanges (banks by then) of china & russia. failure to comply will automatically create redlists (maybe a division for every country in the world). we might have national wallet apps being created that are restricting/regulating/monitoring trades between other wallet apps. By then we will be exactly where we are now – in a totally controlled financial environment satoshi wanted to free us from.

You guys missed the whole point...
This Trojan Horse Dude spelled it out clearly...
Raise Barriers to Entry from zero to $1-2 million Reg Fees...
Then HIGH ongoing compliance costs... because money is "special".

Every bank and well-financed BTC business wants High Barriers to Entry...
And that is what we will get codified in law by the Govt.

Then they'll methodically shut down all businesses "not in compliance"...
Which is about 99% of the businesses here.

You are somehow certainly right in your statement. But you forget about one thing and that is the community. It is us against the big NSA now. We control the code and we provide the power for it. But yes, it is going to be an ugly digital war against our digital freedom. But I am ready to fight for it, just for the sake of our kids. With the integration of digital currency into our society we can make another world where the community also has something to say against all those bankers and politicians. I truly believe today is a good day for the Bitcoin community, but it is also the day where the government openly says that they are coming and has the intention to stay.

its interesting that what mithily said was that they are happy to work together with other agencies to fight criminals. she listed almost all governmental agencies who can help to fight crime except nsa. and in the end added "and other agencies" - she obviously meant that they are strongly unable to track down the users without their help. expect nsa to get funded to the max and to be "on the frontline" to combat anonymity techniques within bitcoin. mithily also mentioned that “those” agencies must be sitting at the table too. It shows you how far detached nsa from all the lawmaking in usa, especially after snowden bonanza. also all these governmental representatives were afraid to talk out of their mind and kept on reffering to their (scripted) statements. the fbi guy was treated like a little boy as he struggled expressing himself properly. department of justice lady even said that its hers department brought down liberty reserve - as if fincen's nagging and fbi's actions didnt help at all. its funny to see how they artistically submerge each other's faces into the mud. pathetic. during the second part the representatives at least spoke less of reading material and actually expressed themselves - showing that they are more human. the speaker is probably realises that the government agencies are only doing what they do best - seek and destroy in their own narrow field of influence without asking much questions. unfortunately its that group of agencies that we as a community will end up fearing most for changing bitcoin dramatically. they pose the biggest threat to the original values that we had in place since creation of bitcoin. These brainwashed gangs will go to any extent and break relations with any country in order to reach their goal. i call it a sad day.

So the big question that I heard from the Chairman was to the first Panel "What do you need from the legislative branch?" and all 3 panel members basically stated that they were doing fine with the tools(laws) currently on the books.

"Circle Internet Financial"? "Jeremy Allaire", their CEO, is speaking. They were established three weeks ago. They have $9 million in capital from a VC.