Topic: Is Silk Road 2.0 bad news for Bitcoin? - page 2. (Read 3360 times)
I don't know if this is bad or not for BTC but I'm glad to see the site come back up, these politicians need to know they can't control the information like they want to.
A ban on virtual currencies? How the hell are they gonna do that?
If I was a BFL customer, I would be paranoid. Benjamin Lawsky subpoenaed BFL and probably has the order book.
The shittiest thing the Government could do is go down the list and seize assets one by one to make an example. The majority of the American sheeple won't care. "It's good for 'murica to get dat drug money off teh series of tubez!!1...duurrrrr"
'murica. foam finger #1.
Well he said playing "whack a mole" isn't the solution so I don't see them directly targeting Bitcoin. It's just political posturing so they can make it seem like they're doing something in an area that they simply cannot control.
[...]
[...]Small note: this isn't a virtual currency, rather an digital one.
Explain...so WoW gold is also not virtual? Btc are just zero's and ones, nothing more, nothing less.
Quote
virtual
adjective
2. not physically existing as such but made by software to appear to do so.
"virtual images"
VSadjective
2. not physically existing as such but made by software to appear to do so.
"virtual images"
Quote
digital
adjective
1. (of signals or data) expressed as series of the digits 0 and 1, typically represented by values of a physical quantity such as voltage or magnetic polarization.
adjective
1. (of signals or data) expressed as series of the digits 0 and 1, typically represented by values of a physical quantity such as voltage or magnetic polarization.
tl;dr: if you say that bitcoin is "virtual" you believe it is "fake" money, or has a "fake" value.
Bitcoin does not physically exist.
It is a virtual currency. It is also a digital currency. The two do not contradict each other.
Trying to ban Bitcoin because of SR 2.0 makes as much sense as trying to ban cash because drug dealers use that...... doesn't mean some politicians wont try.
[...]
[...]Small note: this isn't a virtual currency, rather an digital one.
Explain...so WoW gold is also not virtual? Btc are just zero's and ones, nothing more, nothing less.
Quote
virtual
adjective
2. not physically existing as such but made by software to appear to do so.
"virtual images"
VSadjective
2. not physically existing as such but made by software to appear to do so.
"virtual images"
Quote
digital
adjective
1. (of signals or data) expressed as series of the digits 0 and 1, typically represented by values of a physical quantity such as voltage or magnetic polarization.
adjective
1. (of signals or data) expressed as series of the digits 0 and 1, typically represented by values of a physical quantity such as voltage or magnetic polarization.
tl;dr: if you say that bitcoin is "virtual" you believe it is "fake" money, or has a "fake" value.
Is this "new" Silk Road going to bring tougher regulations, or even an out right ban (which I doubt is even possible, but they may try) on Bitcoin in the USA?
The statement by the Chairman is surprisingly positive, in my view. I think it shows an appreciation for the technology they're up against here.
So how many of you have written your representative about bitcoin? I would suggest that your efforts writing them will yield more fruit than posting here. The regulations that evolve around bitcoin will reflect your inaction, not the tyranny of government.
It could be a trap to damage the btc value in the future. Not just only for the stuff.
Are they that desperate to setup traps and scoop every single bitcoin left?
Silk Road 2.0 is no news, there was black market reloaded and tons of other onion sites, the name silk road is just what the public knew.
Would not surprise me if this new silk road was some kind of FBI trap to steal bitcoins and arrest honest business men !
Would not surprise me if this new silk road was some kind of FBI trap to steal bitcoins and arrest honest business men !
A ban on virtual currencies? How the hell are they gonna do that?
No, they feel insulted by the SR2.0 and the actions against SR2.0 will be much harder and complicated then the first one. And this time they gonna hang all sellers and buyers instead of a few.
They can't do that.No, they feel insulted by the SR2.0 and the actions against SR2.0 will be much harder and complicated then the first one. And this time they gonna hang all sellers and buyers instead of a few.
Small note: this isn't a virtual currency, rather an digital one.
Explain...so WoW gold is also not virtual? Btc are just zero's and ones, nothing more, nothing less.
A ban on virtual currencies? How the hell are they gonna do that?
No, they feel insulted by the SR2.0 and the actions against SR2.0 will be much harder and complicated then the first one. And this time they gonna hang all sellers and buyers instead of a few.
No, they feel insulted by the SR2.0 and the actions against SR2.0 will be much harder and complicated then the first one. And this time they gonna hang all sellers and buyers instead of a few.
Just curious what your thoughts are on this subject. It seems that the Senate Homeland Security and Governmental Affairs Committee is having a hearing later this month to discuss virtual currency, and the goal is to "develop thoughtful, nimble and sensible federal policies that protect the public without stifling innovation and economic growth".
Is this "new" Silk Road going to bring tougher regulations, or even an out right ban (which I doubt is even possible, but they may try) on Bitcoin in the USA?
http://www.hsgac.senate.gov/media/majority-media/chairman-carper-statement-on-the-unveiling-of-the-so-called-silk-road-20-website
"Wednesday, November 6, 2013
Today, Senator Tom Carper (D-Del.), Chairman of the Senate Homeland Security and Governmental Affairs Committee, released the following statement on the launch of the Silk Road 2.0:
“This new website – launched barely a month after Federal agents shut down the original Silk Road -- underscores the inescapable reality that technology is dynamic and ever-evolving and that government policy needs to adapt accordingly. Rather than play ‘whack-a-mole’ with the latest website, currency, or other method criminals are using in an effort to evade the law, we need to develop thoughtful, nimble and sensible federal policies that protect the public without stifling innovation and economic growth. Our committee intends to have that conversation – among others - at our hearing this month on virtual currency.”
Chairman Carper and Dr. Coburn’s committee on Homeland Security and Governmental Affairs began a formal inquiry into virtual currencies in April 2013. In August 2013 Chairman Carper and Dr. Coburn wrote to the Departments of Treasury, Homeland Security, and Justice, as well as the Securities and Exchange Commission, Commodities Futures Trading Commission, and the Federal Reserve."
Is this "new" Silk Road going to bring tougher regulations, or even an out right ban (which I doubt is even possible, but they may try) on Bitcoin in the USA?
http://www.hsgac.senate.gov/media/majority-media/chairman-carper-statement-on-the-unveiling-of-the-so-called-silk-road-20-website
"Wednesday, November 6, 2013
Today, Senator Tom Carper (D-Del.), Chairman of the Senate Homeland Security and Governmental Affairs Committee, released the following statement on the launch of the Silk Road 2.0:
“This new website – launched barely a month after Federal agents shut down the original Silk Road -- underscores the inescapable reality that technology is dynamic and ever-evolving and that government policy needs to adapt accordingly. Rather than play ‘whack-a-mole’ with the latest website, currency, or other method criminals are using in an effort to evade the law, we need to develop thoughtful, nimble and sensible federal policies that protect the public without stifling innovation and economic growth. Our committee intends to have that conversation – among others - at our hearing this month on virtual currency.”
Chairman Carper and Dr. Coburn’s committee on Homeland Security and Governmental Affairs began a formal inquiry into virtual currencies in April 2013. In August 2013 Chairman Carper and Dr. Coburn wrote to the Departments of Treasury, Homeland Security, and Justice, as well as the Securities and Exchange Commission, Commodities Futures Trading Commission, and the Federal Reserve."
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