Flawed poll. Doesn't matter if they try, they won't succeed.
They can reduce demand enough so that it doesn't go to-da-moon anytime soon.
Topic: Poll: Will FinCEN or the federal government try to kill btc? (Read 1143 times)
Flawed poll. Doesn't matter if they try, they won't succeed.
They can reduce demand enough so that it doesn't go to-da-moon anytime soon.Flawed poll. Doesn't matter if they try, they won't succeed.
They can reduce demand enough so that it doesn't go to-da-moon anytime soon.
Flawed poll. Doesn't matter if they try, they won't succeed.
-The elected officials are influenced by the central banking system.
They are also influenced by whoever contributes the most to their campaigns. This would include people who are rich from Wall Street. It would not necessarily include Federal Reserve economists -- except for those who got rich on Wall Street. (which would include a lot of them I think!)
What? Don't you know that everyone in power everywhere is simply a puppet and a pawn to the secret society of central bankers? They have ruled the world for centuries. They also meet in a cabin in Aspen Colorado and enjoy skiing and snowmobiling. They really like snowmobiling.
They also meet in a cabin in Aspen Colorado and enjoy skiing and snowmobiling. They really like snowmobiling.
No no no, don't be ridiculous ... they meet on an island off the coast of Georgia. And I'm pretty sure they didn't have snowmobiles in 1910 when the Federal Reserve was dreamt up.
http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/0912986395/ref=sr_1_4?ie=UTF8&qid=1398732964&sr=8-4&keywords=jekyl+island+federal+reserve
-The elected officials are influenced by the central banking system.
They are also influenced by whoever contributes the most to their campaigns. This would include people who are rich from Wall Street. It would not necessarily include Federal Reserve economists -- except for those who got rich on Wall Street. (which would include a lot of them I think!)
What? Don't you know that everyone in power everywhere is simply a puppet and a pawn to the secret society of central bankers? They have ruled the world for centuries. They also meet in a cabin in Aspen Colorado and enjoy skiing and snowmobiling. They really like snowmobiling.
-The elected officials are influenced by the central banking system.
They are also influenced by whoever contributes the most to their campaigns. This would include people who are rich from Wall Street. It would not necessarily include Federal Reserve economists -- except for those who got rich on Wall Street. (which would include a lot of them I think!)
If Bitcoin is to play a role undermining the economies of non USD hegemony compliant countries, through facilitating capital flight
I bet there will be those in government who will salivate over this possibility! 
We know that New York is taking a very proactive role to support BTC. But what about the federal government, and what about the central bankers? They may have a different stance than New York and may be keeping it a secret while they quietly devise their plans. The federal government and the central bankers, the same people that seem to be hated in this forum, ultimately have the ability to starve btc price by removing it from the banking system and public legality if they so choose. Any decision made by FinCEN etc. will trump a decision made by New York / WallStreet. What do you think is going to happen, and do you have any evidence?
If Bitcoin is to play a role undermining the economies of non USD hegemony compliant countries, through facilitating capital flight, then some form of persistent liquid market must be allowed to firmly establish itself in the West. Wealthy Chinese, Russians, Iranians, etc don't want to pour their wealth into mere lines of algorithmic code unless that code can be exchanged for wealth in the USD hegemony economic systems.
I say no matter what individual bankers or political figures say about Bitcoin in order to try and defend particular business models or attempt to make a name for themselves, things will be shaken into place and a liquid Bitcoin market will persist, albeit perhaps in a way that won't pose a threat to the USD as a national currency. (i.e. capital gains tax to pay on a coffee purchase made with Bitcoin).
Even if the banks don't like it at first, they will soon see that the political establishment intend to allow Bitcoin to stay around and will then be faced with the task of taking strong stakes in the crypto-currency in order that they can pimp Bitcoin out the same way they pimp out every other form of asset they play around with. Probably, this is already happening and in contrast to the wet dreams of Bitcoin Nutter, big finance getting into Bitcoin corresponds to the market price being slaughtered. Not until big finance has taken adequate positions, will Bitcoin then be allowed/encouraged/manipulated to rise again.
On what basis would they ban it?
This whole idea about some big bad US government trying to stifle everything is not accurate.
Our officials are still elected. And if they are perceived as anti-business, anti-start up, or anti-ingenuity and technological development - then they are not going to be elected.
There are enough people invested in bitcoin to make a HUGE stain on any administration that tried to destroy crypto-currency.
The US identity is innovation. Identity matters.
Only tin foil hat liberterains even come up with polls like this.
-I don't think the people inside the central banking system who call the shots are elected officials.This whole idea about some big bad US government trying to stifle everything is not accurate.
Our officials are still elected. And if they are perceived as anti-business, anti-start up, or anti-ingenuity and technological development - then they are not going to be elected.
There are enough people invested in bitcoin to make a HUGE stain on any administration that tried to destroy crypto-currency.
The US identity is innovation. Identity matters.
Only tin foil hat liberterains even come up with polls like this.
-The elected officials are influenced by the central banking system.
-Most of the general public doesn't give a rat's damn about bitcoin and it wouldn't influence their voting decision.
-It would be taken out under the guise of terrorism or discovering some existing law in the financial code that it broke.
Tin foil hat libertarianism. Everything is controlled by central bankers in secret meetings.
On what basis would they ban it?
This whole idea about some big bad US government trying to stifle everything is not accurate.
Our officials are still elected. And if they are perceived as anti-business, anti-start up, or anti-ingenuity and technological development - then they are not going to be elected.
There are enough people invested in bitcoin to make a HUGE stain on any administration that tried to destroy crypto-currency.
The US identity is innovation. Identity matters.
Only tin foil hat liberterains even come up with polls like this.
-I don't think the people inside the central banking system who call the shots are elected officials.This whole idea about some big bad US government trying to stifle everything is not accurate.
Our officials are still elected. And if they are perceived as anti-business, anti-start up, or anti-ingenuity and technological development - then they are not going to be elected.
There are enough people invested in bitcoin to make a HUGE stain on any administration that tried to destroy crypto-currency.
The US identity is innovation. Identity matters.
Only tin foil hat liberterains even come up with polls like this.
-The elected officials are influenced by the central banking system.
-Most of the general public doesn't give a rat's damn about bitcoin and it wouldn't influence their voting decision.
-It would be taken out under the guise of terrorism or discovering some existing law in the financial code that it broke.
The IRS ruled bitcoin as a taxable asset. Many think this is bad news, but this is actually good news regarding legitimate US companies dealing with bitcoin.
New York to break downtrend this year.
March 2014
Superintendent of the New York State Department of Financial Services Ben Lawsky is now accepting applications from Bitcoin entrepreneurs: http://upstart.bizjournals.com/entrepreneurs/hot-shots/2014/03/11/ben-lawsky-to-accept-bitcoin-application.html
New York to break downtrend this year.
March 2014
Superintendent of the New York State Department of Financial Services Ben Lawsky is now accepting applications from Bitcoin entrepreneurs: http://upstart.bizjournals.com/entrepreneurs/hot-shots/2014/03/11/ben-lawsky-to-accept-bitcoin-application.html
Quote
The department also announced today that it intends to propose the regulatory framework under which these applications will be processed no later than the end of the second quarter of 2014.
My guess is that the central bankers will want to try to kill it and may even pay politicians to pass laws against it. But the federal government already seems to have ideas about how to make money off bitcoin (mainly through taxes). My gut says that neither will succeed in killing bitcoin, and I think the govt will let it thrive.
On what basis would they ban it?
This whole idea about some big bad US government trying to stifle everything is not accurate.
Our officials are still elected. And if they are perceived as anti-business, anti-start up, or anti-ingenuity and technological development - then they are not going to be elected.
There are enough people invested in bitcoin to make a HUGE stain on any administration that tried to destroy crypto-currency.
The US identity is innovation. Identity matters.
Only tin foil hat liberterains even come up with polls like this.
This whole idea about some big bad US government trying to stifle everything is not accurate.
Our officials are still elected. And if they are perceived as anti-business, anti-start up, or anti-ingenuity and technological development - then they are not going to be elected.
There are enough people invested in bitcoin to make a HUGE stain on any administration that tried to destroy crypto-currency.
The US identity is innovation. Identity matters.
Only tin foil hat liberterains even come up with polls like this.
My suspicion is that on Wall Street, there will be more people who salivate over bitcoin than who cower in fear. If they don't understand it or just don't believe in it, then they won't give a damn. If they do, then how can they turn down the temptation of massive returns?
There are examples in the media of various Wall Street people and government officials on both sides of the above equation. Off the top of my head:
Pro:
Raj Date, former Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), is a Director at Circle http://www.circle.com/about/
Federal Reserve economist who gave a talk on it recently
Con:
Jamie Dimon I think has made a statement against it.
It would be interesting to compile a list of individuals in government or finance (or both) who have come out pro or anti bitcoin in the media.
There are examples in the media of various Wall Street people and government officials on both sides of the above equation. Off the top of my head:
Pro:
Raj Date, former Deputy Director of the U.S. Consumer Financial Protection Bureau (CFPB), is a Director at Circle http://www.circle.com/about/
Federal Reserve economist who gave a talk on it recently
Con:
Jamie Dimon I think has made a statement against it.
It would be interesting to compile a list of individuals in government or finance (or both) who have come out pro or anti bitcoin in the media.
Hopefully all the various branches of goobermint and all the TLAs will spend years fighting over what Bitcoin is and how to fix or control it. By the time they decide on a unified position it will be too late for them to do anything effective.
We know that New York is taking a very proactive role to support BTC. But what about the federal government, and what about the central bankers? They may have a different stance than New York and may be keeping it a secret while they quietly devise their plans. The federal government and the central bankers, the same people that seem to be hated in this forum, ultimately have the ability to starve btc price by removing it from the banking system and public legality if they so choose. Any decision made by FinCEN etc. will trump a decision made by New York / WallStreet. What do you think is going to happen, and do you have any evidence?
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