Any rules will be implemented by the CCCB, I am in contact with the US government so no need to worry about it, Bart Chilton is a commissioner on the commodities future trading commission he made the comments to support the future role Bitcoin could play in the economy in regards to trading.
"A spokesman for the CFTC declined to comment."
Topic: Regulation is coming....(probably a good thing) (Read 1918 times)
FREEDOM. No regulation.
"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Chilton told Reuters in an interview on Monday.
Errr... does he even understand what he's saying.. It's not clear AT ALL.. And also, I think it's technically IMPOSSIBLE.
It. Has. Nothing. To. Do. With. Them.
All they can do is shut down the US exchanges. All we need is some mechanism for price discovery.. and we can stay in btc's, no need to switch in and out of FIAT. Ever.
They tried to regulate bittorrent.. That went well.
Errr... does he even understand what he's saying.. It's not clear AT ALL.. And also, I think it's technically IMPOSSIBLE.
It. Has. Nothing. To. Do. With. Them.
All they can do is shut down the US exchanges. All we need is some mechanism for price discovery.. and we can stay in btc's, no need to switch in and out of FIAT. Ever.
They tried to regulate bittorrent.. That went well.
Pretty comical quote.
i hope they try. it will show the whole world just how irrelevant they have become.
Quote
"Here's what I know for sure: we could regulate it if we wanted. That is very clear,"
Wrong. They can try to regulate it, just like governments and media powerhouses have consistently tried to stop piracy for the past decade. It's just not happening, because there isn't a company or a cluster of servers they can take down or seize.
Even if Bitcoin were to be illegalized it would still thrive without much trouble.
Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
+10 It upsets me that people want regulation. Be responsible for yourself instead.
"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Chilton told Reuters in an interview on Monday.
Errr... does he even understand what he's saying.. It's not clear AT ALL.. And also, I think it's technically IMPOSSIBLE.
It. Has. Nothing. To. Do. With. Them.
All they can do is shut down the US exchanges. All we need is some mechanism for price discovery.. and we can stay in btc's, no need to switch in and out of FIAT. Ever.
They tried to regulate bittorrent.. That went well.
Errr... does he even understand what he's saying.. It's not clear AT ALL.. And also, I think it's technically IMPOSSIBLE.
It. Has. Nothing. To. Do. With. Them.
All they can do is shut down the US exchanges. All we need is some mechanism for price discovery.. and we can stay in btc's, no need to switch in and out of FIAT. Ever.
They tried to regulate bittorrent.. That went well.
US Gov trying to get their hands on yet more things that aren't theirs....
Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
It upsets me that people want regulation. Be responsible for yourself instead.
Any attempt to regulate it will cause a massive price spike!
In what direction?
Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
It upsets me that people want regulation. Be responsible for yourself instead.
Any attempt to regulate it will cause a massive price spike!
Regulation being required is a myth.
It basically stops people from being responsible and acting responsibly by providing an image that they are being protected. You only need to look at what has been happening in finance and banking around the world to know that the idea of regulation protecting people is just a myth.
It basically stops people from being responsible and acting responsibly by providing an image that they are being protected. You only need to look at what has been happening in finance and banking around the world to know that the idea of regulation protecting people is just a myth.
Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
It upsets me that people want regulation. Be responsible for yourself instead.
All this will do is make people adopt Bitcoin entirely and other alternative currencies over paper money to avoid having to deal in paper at all, they're digging their own graves.
We should regulate politicians because it seems they forgot their primary role: represent OUR will not their stupid ideas.
Yes, FINCen making it so that anyone trading bitcoins for dollars was oh so helpful.
Took down at least one exchange, stopped bitcoinbillpay, made it so a decentralized exchange will only work if it goes through the government (centralized) approved exchanges.
Good thing? Any new regulation is never good. No matter the intentions.
Took down at least one exchange, stopped bitcoinbillpay, made it so a decentralized exchange will only work if it goes through the government (centralized) approved exchanges.
Good thing? Any new regulation is never good. No matter the intentions.
bitcoin have been created because there is already TOO MANY regulations. Leave it alone. And btw you cant control something that not belongs to you. And bitcoin is not US property.
Regulation means control
Control means tax (or maybe just 'fee'), after all we must pay all these super smart regulators their due for taking good care of us poor fools.
Control means tax (or maybe just 'fee'), after all we must pay all these super smart regulators their due for taking good care of us poor fools.
Interesting article:
http://www.nbcnews.com/technology/technolog/us-regulator-mulls-setting-rules-bitcoin-digital-currency-6C9801257
I for one thing regulation is probably a good thing. It will make the more responsible Bitcoin actors, well, more responsible. Without eliminating our ability to trade 'on the dark side' if we wanted to. It would be the best of both worlds.
http://www.nbcnews.com/technology/technolog/us-regulator-mulls-setting-rules-bitcoin-digital-currency-6C9801257
I for one thing regulation is probably a good thing. It will make the more responsible Bitcoin actors, well, more responsible. Without eliminating our ability to trade 'on the dark side' if we wanted to. It would be the best of both worlds.
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