senator-calls-for-bitcoin-ban-2014 | Bitcointalksearch.org

kizzoboy

newbie

Activity: 42

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Quote from: av123 on February 26, 2014, 07:28:29 PM

His call to ban bitcoin is ironic in light of the U.S. Supreme Court's decision in the Citizens United case in 2010 which held that:

"Political spending is a form of protected speech under the First Amendment, and the government may not keep corporations or unions from spending money to support or denounce individual candidates in elections. While corporations or unions may not give money directly to campaigns, they may seek to persuade the voting public through other means, including ads, especially where these ads were not broadcast."

http://www.scotusblog.com/case-files/cases/citizens-united-v-federal-election-commission/

So if bitcoin is considered a currency (in additional to being a protocol), it should be legal to spend it as a form of protected political speech.

You are correct. I work at a political action committee (IRS 527) that focuses specifically on accepting bitcoin as contributions.

www.coinpac.org

Schleicher

hero member

Activity: 675

Merit: 514

Quote from: Snail2 on February 27, 2014, 07:40:14 AM

He should call a ban on USD as well. USD is widely abused by criminals, used by pedophiles, it can be disruptive for the US and world economy (as we seen in 2007-2008).

You mean like this?
http://polis.house.gov/news/documentsingle.aspx?DocumentID=371808

Quote

Today, U.S. Congressman Jared Polis (D-CO) sent a letter to federal regulators seeking a ban on United States dollar bills, a currency that is unregulated and unstable, and has been used in illicit activity, including drug trafficking and money laundering.

testcoin

sr. member

Activity: 465

Merit: 250

That's not a good news anyway.

Imagine if the US really bans bitcoin one day, bitcoin price must fall sharply.

And probably less people will visit this forum as well.

Khadaji

newbie

Activity: 42

Merit: 0

Quote from: C10H15N on February 26, 2014, 04:59:07 PM

The Senator must oppose a currency he can't get his greedy fat fingers on.

You put your finger on the problem. If the government cannot regulate and tax it - it should be illegal.

Freedom is lost in small increments...

dynodog

member

Activity: 97

Merit: 10

Quote from: tss on February 27, 2014, 02:31:25 AM

not sure the world you live in.. but NOBODY in the real one knows about bitcoin.. in general you hope they know the word bitcoin and say.. ohh yea.. i hear people talking about it

Quote from: the_sunship on February 26, 2014, 04:11:04 PM

obviously doesn't understand that bitcoin would help most of the people who vote for him.

that has been my experience too. people in general know almost nothing about it, but they sure as hell heard that people were cheated out of lot of money. their response will be to go nowhere near it. the response of politicians who hear about people getting cheated is to do something about it whether it's regulating it to death or banning it.

anu

legendary

Activity: 1218

Merit: 1001

RepuX - Enterprise Blockchain Protocol

Quote from: DoomDumas on February 27, 2014, 10:13:05 AM

Quote from: rocks on February 26, 2014, 06:29:09 PM

Quote from: seldon on February 26, 2014, 04:39:18 PM

Quote from: mb300sd on February 26, 2014, 04:33:20 PM

I forsee his opponent accepting bitcoins. Large donations incoming.

Can anyone check when the next elections are up? I can't make any sense of the US political system..

Does it really matter?

The D team and the R team are one and the same, anyone who thinks different is a fool. The D team just believes that they are the only good guys and are morally superior but at the same time vote for this type of "protection". The R team tricks people into believing they are for small government, but in reality they are the biggest spenders and supporters of the banks. I say line them all up against the wall.

I like your point of view, you may enjoy this video : http://www.youtube.com/watch?v=bTbLslkIR2k

Kinda funny, and so true !

In an interview with Stefan Molineux he introduced himself jokingly as "Peter Joseph Stalin". After listening to him I feel the nick is appropriate.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: DoomDumas on February 27, 2014, 10:06:25 AM

Quote from: exponential on February 26, 2014, 04:14:24 PM

Can't blame him, probably still emotional from loosing his GOXcoins.

LOL, +1

I hope everyone that have/had coin/$ in Gox recover those.. Maybe someone, or some entity will buy MtGox for the brand, completely re-build it like a professional exchange, and fund back each account to it's balance.

Maybe I'm a bit too optimistic, but there is many person/entity with too much money arround the world.. Maybe one will see a good business opportunity there... IMO, it's not the end of the GOX story !

I'm not so sure myself, the MtGox brand is tainted right now and many want nothing to do with it anymore. Must be a philantropist with many billions lying around who would want to buy it up and bail out its users. Bill Gates maybe? lol

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Quote from: rocks on February 26, 2014, 06:29:09 PM

Quote from: seldon on February 26, 2014, 04:39:18 PM

Quote from: mb300sd on February 26, 2014, 04:33:20 PM

I forsee his opponent accepting bitcoins. Large donations incoming.

Can anyone check when the next elections are up? I can't make any sense of the US political system..

Does it really matter?

The D team and the R team are one and the same, anyone who thinks different is a fool. The D team just believes that they are the only good guys and are morally superior but at the same time vote for this type of "protection". The R team tricks people into believing they are for small government, but in reality they are the biggest spenders and supporters of the banks. I say line them all up against the wall.

I like your point of view, you may enjoy this video : http://www.youtube.com/watch?v=bTbLslkIR2k

Kinda funny, and so true !

DoomDumas

legendary

Activity: 1002

Merit: 1000

Bitcoin

Quote from: exponential on February 26, 2014, 04:14:24 PM

Can't blame him, probably still emotional from loosing his GOXcoins.

LOL, +1

I hope everyone that have/had coin/$ in Gox recover those.. Maybe someone, or some entity will buy MtGox for the brand, completely re-build it like a professional exchange, and fund back each account to it's balance.

Maybe I'm a bit too optimistic, but there is many person/entity with too much money arround the world.. Maybe one will see a good business opportunity there... IMO, it's not the end of the GOX story !

Snail2

legendary

Activity: 1512

Merit: 1000

He should call a ban on USD as well. USD is widely abused by criminals, used by pedophiles, it can be disruptive for the US and world economy (as we seen in 2007-2008).

CrashX

full member

Activity: 238

Merit: 101

Quote from: Hyena on February 26, 2014, 04:14:16 PM

I call for ban of the torrent network.

Hell no, I support Torrent... Long live TPB!

anu

legendary

Activity: 1218

Merit: 1001

RepuX - Enterprise Blockchain Protocol

Quote from: the_sunship on February 26, 2014, 04:11:04 PM

obviously doesn't understand that bitcoin would help most of the people who vote for him.

I am sure he understands that perfectly well. That is the reason he calls for a ban.

segeln

hero member

Activity: 602

Merit: 500

Senator Joe Manchin’s Letter About Bitcoin is Outrageous and Un-American
http://theblogchain.com/

segeln

hero member

Activity: 602

Merit: 500

Quote from: proudhon on February 26, 2014, 04:32:51 PM

Quote

As of December 2013, the Consumer Price Index (CPI) shows 1.3% inflation, while a recent media report indicated Bitcoin CPI has 98% deflation. In other words, spending Bitcoin now will cost you many orders of wealth in the future. This flaw makes Bitcoin’s value to the U.S. economy suspect, if not outright detrimental.

Alert! You might actually preserve your wealth with bitcoin. STAY AWAY!!! STAY THE FUCK AWAY!!!

Hi proudhon
no FUD,no confirmations of unconfirmed News ?
pity, because I very much appreciated your witty comments

tss

hero member

Activity: 742

Merit: 500

noob bet.. or is it?

ill take moore to get more votes than tennant if both make it on the ballot.

.25 btc and a max of 4 bets
(also.. from seeing issues with forum bets.. i have to confirm i accept your bet for it to be valid)

:-)

Quote from: Chalkbot on February 26, 2014, 05:25:07 PM

Here are the likely candidates, according to early polling results:

For the Republicans: Shelley Moore Capito
https://twitter.com/RepShelley

and the Democrats: Natalie Tennant
https://twitter.com/natalieforwv

tss

hero member

Activity: 742

Merit: 500

not sure the world you live in.. but NOBODY in the real one knows about bitcoin.. in general you hope they know the word bitcoin and say.. ohh yea.. i hear people talking about it

Quote from: the_sunship on February 26, 2014, 04:11:04 PM

obviously doesn't understand that bitcoin would help most of the people who vote for him.

g35fan

newbie

Activity: 24

Merit: 0

Just a "wow" when I read that letter. Hey he's a politician, so he definitely has an agenda, and it's obviously not bitcoin friendly. Talking about criminals and USA "allies" like China banning bitcoin. Ugh, what a disaster this guy is.

I like the part about the "detrimental effect" of the deflation. Because, you know, if bitcoin jumped up to $10k USD in a few months, none of the holders of bitcoin would sell for fiat, or purchase a bunch of items online with that new fiat or bitcoin during that rise all the way up to $10k. They'd all just sit and HOLD on everything they own and not spend anything to keep the economy going, right? I just don't see that happening.

DieJohnny

legendary

Activity: 1639

Merit: 1006

why do politicians take it upon themselves to be the saviors of men.

politicians are almost universally corrupt and incompetent, nothing more than shills for those that keep them in power. That goes for the USA as well as any dictatorship anywhere. It is all the same.

This guy wants to ban bitcoin to protect against bad actors??? What's next Cash? Huh

stupid as hell.

af_newbie

legendary

Activity: 2702

Merit: 1468

Quote from: yomofo on February 26, 2014, 04:03:22 PM

http://www.businessinsider.com/senator-calls-for-bitcoin-ban-2014-2

I vote for formal licensing of politicians. Introduce some minimal entry requirements (educational, experience, moral and ethical standards) into this profession.
Doctors, engineers, nurses, truck drivers and pretty much all other trades need licenses. But not politicians. Politicians make important decisions, only the brightest
of the brightest should be allowed to enter this profession.

In Canada, a real-estate agent with a high school diploma and a 6 month real estate course can be a Minister of Health or Education Grin

Same is true in US. Popular morons end up on Capitol Hill.

He or his croonies had money on mtgox and now he is pissed. He is a greedy moron. Nothing against football players.
But football players from rich families on Capitol Hill? Please.

BitDreams

hero member

Activity: 503

Merit: 501

http://en.wikipedia.org/wiki/Joe_Manchin

We've already had a senator speak favorably about bitcoin, now we have one speak in disfavor. Neither side will achieve absolute victory.

Topic: senator-calls-for-bitcoin-ban-2014 (Read 4278 times)