Ya but...what happened with the bill?
Repealed I think!! http://www.gencourt.state.nh.us/rsa/html/XXXVI/399/399.htm...
Topic: My Testimony - New Hampshire State House (Read 2779 times)
Repealed I think!! http://www.gencourt.state.nh.us/rsa/html/XXXVI/399/399.htm...
Ya but...what happened with the bill?
Free bump.
awesome job Erik!
Fantastic speech Erik. Really, congratulations!
And please, keep us all up to date with the status of such bill.
Actually, what are your feelings about it? Do you think it has a good chance of passing, or is it just something done by some member of the FSP to provoke some useful discussion?
And please, keep us all up to date with the status of such bill.
Actually, what are your feelings about it? Do you think it has a good chance of passing, or is it just something done by some member of the FSP to provoke some useful discussion?
This is a sad turn of events for a lot of entrepreneurs in various US States.
Is there a list compiled of what states *are* good to operate a Bitcoin business out of?
I imagine that the rules are going to vary by state and by instrument (cash, cheques, money orders, etc).
-p
Its not a sad turn of events in the sense that these ridiculous laws have been in place for years before Bitcoin. Erik is just trying to get one state to overturn its local version much like the gold and silver currency revolt in states like Utah
Correct - the money transmitter laws are not a new development. This type of REPEAL of these laws, in one state, IS a new development, and it's very good
As a funny anecdote, the issue of terrorist financing came up during the discussion. Fortunately, the Reps basically laughed about it, and didn't take it seriously - calling it a red herring. This was a pleasant surprise.
Erik, this really does represent an above and beyond the call of duty for the community. Thank you.
This is a sad turn of events for a lot of entrepreneurs in various US States.
Is there a list compiled of what states *are* good to operate a Bitcoin business out of?
I imagine that the rules are going to vary by state and by instrument (cash, cheques, money orders, etc).
-p
Its not a sad turn of events in the sense that these ridiculous laws have been in place for years before Bitcoin. Erik is just trying to get one state to overturn its local version much like the gold and silver currency revolt in states like Utah
Correct - the money transmitter laws are not a new development. This type of REPEAL of these laws, in one state, IS a new development, and it's very good
As a funny anecdote, the issue of terrorist financing came up during the discussion. Fortunately, the Reps basically laughed about it, and didn't take it seriously - calling it a red herring. This was a pleasant surprise.
evoorhees, thanks for being part of the bitcoin community. We need more guys like yourself. Great work!
Awesome! Keep up the good work.
This is a sad turn of events for a lot of entrepreneurs in various US States.
Is there a list compiled of what states *are* good to operate a Bitcoin business out of?
I imagine that the rules are going to vary by state and by instrument (cash, cheques, money orders, etc).
-p
Its not a sad turn of events in the sense that these ridiculous laws have been in place for years before Bitcoin. Erik is just trying to get one state to overturn its local version much like the gold and silver currency revolt in states like Utah
This is a sad turn of events for a lot of entrepreneurs in various US States.
Is there a list compiled of what states *are* good to operate a Bitcoin business out of?
I imagine that the rules are going to vary by state and by instrument (cash, cheques, money orders, etc).
-p
I've said it before, and I'll say it again--I love how you write!
~Bruno~
~Bruno~
Thanks Bruno, I try real hard to write good.
Nice lol!
Erik, I am speachless. Glad to have you on board!
I've said it before, and I'll say it again--I love how you write!
~Bruno~
~Bruno~
Thanks Bruno, I try real hard to write good.
I've said it before, and I'll say it again--I love how you write!
~Bruno~
~Bruno~
The heart of the issue is prior restraint. I hope somebody else testified as to why prior restraint is anathema to a free society.
Somehow, I think KYC and money transmitter law is a kind of crime-control theater.
It's like security theater, except it's a theater meant to protect us from the drug smugglers and tax evaders. Meanwhile, criminals continues their evil deed, while everyone who follows the law suffer.
It's like security theater, except it's a theater meant to protect us from the drug smugglers and tax evaders. Meanwhile, criminals continues their evil deed, while everyone who follows the law suffer.
So this bill in question - it simply repeals the laws on the books, and replaces them with... nothing
This seems to be the goal of the freestaters, and I see progress being made with other bills. I hope you all can add this one to the list.
Great stuff Erik. Can you talk a little bit more about the bill itself? how it came to be? what it took to get it on the agenda for NH?
Here's a link to the current law in place in New Hampshire. The bill in question would repeal this law entirely.
http://www.gencourt.state.nh.us/rsa/html/xxxvi/399-g/399-g-mrg.htm
Here is an article giving some context to this issue, happening in California
http://www.quora.com/Aaron-Greenspan/Posts/In-Fifty-Days-Payments-Innovation-Will-Stop-In-Silicon-Valley
So this bill in question - it simply repeals the laws on the books, and replaces them with... nothing
I will be following this bill... this is big
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