Lets get US Sen. Elizabeth Warren (D-MA) into Bitcoin - page 2.

franky1

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Quote from: acoindr on July 17, 2013, 02:19:55 PM

Some in the Bitcoin community are already in favor of regulation.

MOST of the community want bitcoin unregulated. but agree with the regulations revolving around the exchange to FIAT.

i personally prefer experienced and licenced financial institutions to control the FIAT to bitcoin exchanges.. much more then some 17yo zit faced guy that can run off at a moments notice.

but for the:
bitcoin for other altcoins
bitcoin for goods
bitcoins for services
bitcoins for everything else

should remain unregulated, but atleast follow a certain moral compass and understanding of security risks, which we all independently learn and use to control our own funds

Voogru

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Quote from: acoindr on July 17, 2013, 02:51:18 PM

Quote from: Voogru on July 17, 2013, 02:39:33 PM

Someone like Warren, who is at heart a socialist, would never support something like Bitcoin.

If she figures out that Bitcoin 'accounts' can't realistically be confiscated, seized, taxed, or regulated (bitcoin->bitcoin is unregulated, and can never be regulated), she'd probably try to get the government to ban it. Especially if all of a sudden a bunch of wealthy people decide to start buying bitcoins to avoid capital controls, or other regulations.

Also, remember that the goal of socialism is to abolish the use of currency all together. Because it's 'unfair'.

Bitcoins can be taxed.

Only if you hand them over.

They won't like the fact that:

1. They can't determine how many you own.
2. They can't scare a bank into giving them your money.

acoindr

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Quote from: Voogru on July 17, 2013, 02:39:33 PM

Someone like Warren, who is at heart a socialist, would never support something like Bitcoin.

If she figures out that Bitcoin 'accounts' can't realistically be confiscated, seized, taxed, or regulated (bitcoin->bitcoin is unregulated, and can never be regulated), she'd probably try to get the government to ban it. Especially if all of a sudden a bunch of wealthy people decide to start buying bitcoins to avoid capital controls, or other regulations.

Also, remember that the goal of socialism is to abolish the use of currency all together. Because it's 'unfair'.

Bitcoins can be taxed. Remember that (rich) people already avoid taxes by clever money management & loopholes. That's why there have been ideas floated about letting people bring offshore money back into the U.S. at a special rate, so that money can actually be put to use.

It's sort of like pirating music vs. people that pay legally. You'll always have people willing to pay and play by all rules because that's the easiest.

As for what's in her heart she seems to be populist, and at the end of the day that's what Bitcoin is really about.

BitTrade

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You can't be serious with this. She is a statist, through and through.

REAL friends of bitcoin in congress (anti-legal tender laws, pro-competing currencies)

Justin Amash (R-MI)
Thomas Massie (R-KY)
Kerry Bentivolio (R-MI)
Raul Labrador (R-ID)
Walter Jones (R-NC)
Ted Yoho (R-FL)
Jared Polis (D-CO)

See Ron Paul's bill on competing currencies (a bill annually introduced, and annually killed in committee) http://www.govtrack.us/congress/bills/112/hr1098#

Voogru

member

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Someone like Warren, who is at heart a socialist, would never support something like Bitcoin.

If she figures out that Bitcoin 'accounts' can't realistically be confiscated, seized, taxed, or regulated (bitcoin->bitcoin is unregulated, and can never be regulated), she'd probably try to get the government to ban it. Especially if all of a sudden a bunch of wealthy people decide to start buying bitcoins to avoid capital controls, or other regulations.

Also, remember that the goal of socialism is to abolish the use of currency all together. Because it's 'unfair'.

acoindr

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Merit: 1002

Quote from: ruletheworld on July 17, 2013, 02:14:12 PM

The libertarians are going to hate it. She's all for better regulations. Remember that not every enemy of big banks will be a friend of Bitcoin. For some, this might appear worse. Of course, no harm trying

I don't know how to get her attention though.

Some in the Bitcoin community are already in favor of regulation. Bitcoin is only a currency, a tool, and there are many ways to use it, just as there are many ways to use cash. Adding regulation doesn't change some of the core features Bitcoin has like the inflation limit and anonymity to those that take the time required to ensure it.

ruletheworld

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The libertarians are going to hate it. She's all for better regulations. Remember that not every enemy of big banks will be a friend of Bitcoin. For some, this might appear worse. Of course, no harm trying

I don't know how to get her attention though.

acoindr

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Interesting idea. Two links for an idea of her views on banking:

http://www.politico.com/story/2013/05/elizabeth-warren-student-loans-91079.html
http://www.politico.com//story/2013/03/elizabeth-warren-plans-book-on-middle-class-89095.html

Quote

"[Her book title] refers to how the economic system is too often rigged against families that work hard and play by the rules. The story is national, but it's also personal. These are issues close to my heart," said Warren, a favorite among liberals and a favorite target for conservatives, who opposed her appointment to head the consumer bureau. She instead ran for the U.S. Senate, defeating incumbent Sen. Scott Brown.

totaleclipseofthebank

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She is probably the most vocal critic of the US banking system, and might be interested in the technology to make them permanently obsolete. Any MA bitcoiners have ideas on how to do this?

Topic: Lets get US Sen. Elizabeth Warren (D-MA) into Bitcoin - page 2. (Read 2222 times)