Maybe the Senate hearing wasn't a waste...
Nope we got Senator Carper on our allies list from that and he was quite receptive to it.
Is it one senator per state?
Topic: Senator Carper (Read 1181 times)
Nope we got Senator Carper on our allies list from that and he was quite receptive to it.
Is it one senator per state?
Maybe the Senate hearing wasn't a waste...
Nope we got Senator Carper on our allies list from that and he was quite receptive to it.
It took a while but at least we have a bit of good news coming from someone like that.
The more of this the better!
The more of this the better!
Silk Road is always going to get a mention for a while yet in American politics. Let's face it, it happened, and was where most bitcoins were spent.
Was it? http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf
Summarize please? You telling me between 2011 and 2013 most bitcoins weren't spent at silk road?
Ah, that study may not have covered it, I'll have to doublecheck. But here's one that definitely did, on page 19, section 5.4:
Quote from: http://arxiv.org/pdf/1207.7139v2.pdf
The only conclusion we can draw from this comparison is that Silk Road-related trades could plausibly correspond to 4.5% to 9% of all exchange trades. While far from being a negligible share of the Bitcoin economy, speculative trades (i.e., using Bitcoin as a commodity rather than a currency) still constitute the bulk of all exchange trades. A much more thorough analysis would be required to properly assess the various components of the Bitcoin economy, but is outside the scope of this paper. 5Buyers could have also mined Bitcoins, but we hypothesize this is comparatively rare.
Silk Road is always going to get a mention for a while yet in American politics. Let's face it, it happened, and was where most bitcoins were spent.
Was it? http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf
Summarize please? You telling me between 2011 and 2013 most bitcoins weren't spent at silk road?
Silk Road is always going to get a mention for a while yet in American politics. Let's face it, it happened, and was where most bitcoins were spent.
Was it? http://cseweb.ucsd.edu/~smeiklejohn/files/imc13.pdf
Silk Road is always going to get a mention for a while yet in American politics. Let's face it, it happened, and was where most bitcoins were spent.
Translation: The FBI gained a ton of new bitcoins, but they will only be valuable if we allow them to be valuable. Also, we can't stop the decentralized technology so adoption is the only possible outcome. 
Just kidding! I watched the initial Senate hearing and was really pleased with the handling of it. It seemed like he (and others) were genuinely interested in the positive uses of bitcoin even though they were first really introduced to it via the dealings in the Silk Road and other darknet sites. However, the same could be said for the early days of the Internet. Glad he can recognize that.
Just kidding! I watched the initial Senate hearing and was really pleased with the handling of it. It seemed like he (and others) were genuinely interested in the positive uses of bitcoin even though they were first really introduced to it via the dealings in the Silk Road and other darknet sites. However, the same could be said for the early days of the Internet. Glad he can recognize that.
Maybe the Senate hearing wasn't a waste...
not this time, must have been a lot of bitcoin talk going on around the senate today
There are indeed people in the US Government that are open-minded, thoughtful, and, well, just pretty much normal human beings. Nice work Senator Carper.
Maybe the Senate hearing wasn't a waste...
He did a really good job talking about something way out of his league, just started to get a bit confusing when he mentioned the silk road.
Why they don't have money to hire experts and rely on henchmen type figures to sell stories to the public is amusing me.
Same thing happened with Schiff, they have pretty much learned there lesson, they will start to become very weary now I think.
Why they don't have money to hire experts and rely on henchmen type figures to sell stories to the public is amusing me.
Same thing happened with Schiff, they have pretty much learned there lesson, they will start to become very weary now I think.
Looks like more and more reputable people are noticing Bitcoin. Guess you can't ignore it, especially with all the recent news coverage.
Thank you!
Senator Carper drew a parallel between the internet and Bitcoin (finally a powerful voice that is educated on the topic):
“When the internet was young, people said who cares about that? Some people said it has some upside potential, some people said it has some downside potential to with drug transactions and money laundering. The early message on the internet was, let’s not kill the baby in the cradle. I think there is some upside her for Bitcoin and other virtual currencies”
http://www.cryptocoinsnews.com/2014/01/07/senator-carper-bitcoin/
“When the internet was young, people said who cares about that? Some people said it has some upside potential, some people said it has some downside potential to with drug transactions and money laundering. The early message on the internet was, let’s not kill the baby in the cradle. I think there is some upside her for Bitcoin and other virtual currencies”
http://www.cryptocoinsnews.com/2014/01/07/senator-carper-bitcoin/
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