ShapeShift Leaves New York, Choosing Not to Comply with BitLicense

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: Oscilson on June 29, 2015, 10:10:04 AM

Quote from: Kprawn on June 26, 2015, 01:31:41 AM

This might sound stupid, but I am going to ask it anyway.

Can you still run a company in NY and not pay the BitLicence fee, if you exclude USA from your service? The regulations are there to protect the citizens of that state, and if you exclude them from your service, it should not be applicable to you.... right?

Some of the gambling sites are doing it now, but they are operating from other countries.

The main goal of this license and regulations was not to protect local consumers... just a way for them to profit from it, so I guess they will not agree with me on this. Huh

I also want to know.

just my (non professional) opinion, but I seriously doubt it. You'd be operating
in the state of NY and under their ~~thumb~~ jurisdiction.

Oscilson

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Quote from: Kprawn on June 26, 2015, 01:31:41 AM

This might sound stupid, but I am going to ask it anyway.

Can you still run a company in NY and not pay the BitLicence fee, if you exclude USA from your service? The regulations are there to protect the citizens of that state, and if you exclude them from your service, it should not be applicable to you.... right?

Some of the gambling sites are doing it now, but they are operating from other countries.

The main goal of this license and regulations was not to protect local consumers... just a way for them to profit from it, so I guess they will not agree with me on this. Huh

I also want to know.

Kprawn

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This might sound stupid, but I am going to ask it anyway.

Can you still run a company in NY and not pay the BitLicence fee, if you exclude USA from your service? The regulations are there to protect the citizens of that state, and if you exclude them from your service, it should not be applicable to you.... right?

Some of the gambling sites are doing it now, but they are operating from other countries.

The main goal of this license and regulations was not to protect local consumers... just a way for them to profit from it, so I guess they will not agree with me on this. Huh

BTCjust

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more bitcoin business will leave if the BitLicense no change

franky1

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Quote from: smashingpumpkin on June 15, 2015, 12:14:18 PM

ShapeShift, a popular cryptocurrency exchange based in Switzerland, terminated its services in New York today,
due to the state’s BitLicense regulations for digital currencies - Erik Voorhees, Shapeshift Founder and CEO says.

This makes no sense - the law is not supporting business which would pay taxes, but to the contrary makes it leave the country - isn't it stupid?

wall street cannot leave newyork. so when they get in on bitcoin, then the licence fee's will make many NY state representatives very rich.. and they wont care about the little guy that has to move out of state..

remember, the rich only think about the rich

jonald_fyookball

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my understanding is that the platform failed and the business went bankrupt. happens all the time in the good ol US of A.

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: jonald_fyookball on June 25, 2015, 07:10:06 PM

Quote from: QuestionAuthority on June 25, 2015, 06:27:30 PM

Quote from: jonald_fyookball on June 25, 2015, 12:58:28 PM

Quote from: QuestionAuthority on June 25, 2015, 11:41:04 AM

Quote from: jonald_fyookball on June 25, 2015, 08:13:31 AM

Quote from: QuestionAuthority on June 24, 2015, 10:33:38 PM

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

What con?

Here's one: https://bitcointalksearch.org/topic/m.10221993

https://bitcointalksearch.org/topic/m.9267649

https://bitcointalksearch.org/topic/m.6410034

Erik Voorhees breaks the law without worrying about the consequences. Even if you assume he always meant well he makes bad business decisions that can and have cost his customers lots of money. I would never trust anything that has his name associated with it.

Erik V. doesn't operate from the USA, so the SEC doesn't have jurisdiction over his companies.

He moved to Panama to avoid the over regulation of the USA. I would think someone who "questions authority" would support those kinds of actions.

How has he cost his customers lots of money?

Read the threads again and pay attention to FeedZeBirds. He was running an illegal business soliciting customers from the U.S. and lived in the U.S. at the time. Business men that break the law are not only risking their own freedom but the money that their customers trusted them to keep safe. He can be Johnny Rebel Mr. Trendy/Edgy/Cool all he wants to be and skirt the law. Just don't involve the money of innocent unknowing people. He also worked for BitInstant and I do feel sorry that Charlie went to jail, but again, businessmen that break the law are a risk to hop into bed with. Bitcoin is a risky enough investment anyway, why add to the risk by investing in risky people.

Don't invest in him, that's your choice. I personally respect E.V. for his entrepreneurship, his courage, and his principles. I also find it's odd to "question authority" but you want someone else to follow the authorities' regulations when you have a bias against them.

I do a lot of things that cross the line but I don't ask unknowing innocents to pay for it. Entrepreneurship is wonderful if you are truly an entrepreneur and not taking money from people (like FeedZeBirds) and making them lose. It takes no courage to scam, commit crimes and bitch about how you hate the establishment. He's not Malcolm X or Martin Luther King, he profits from everything he does running all over the world looking for his next targets. Everyone has made that mistake about my nick. The authorities I question are the respected leaders of this community who I have seen steal (including mods and Bitcoin Foundation Founding Fathers), lie, cheat, scam and go to jail for their actions. If one person sees what I've said about Voorhees (whether they respond here or not), looks at the history and keeps themselves out of trouble then I've saved one person from being used by a guy that knowingly broke the law and ran to Panama to escape.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

Quote from: QuestionAuthority on June 25, 2015, 06:27:30 PM

Quote from: jonald_fyookball on June 25, 2015, 12:58:28 PM

Quote from: QuestionAuthority on June 25, 2015, 11:41:04 AM

Quote from: jonald_fyookball on June 25, 2015, 08:13:31 AM

Quote from: QuestionAuthority on June 24, 2015, 10:33:38 PM

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

What con?

Here's one: https://bitcointalksearch.org/topic/m.10221993

https://bitcointalksearch.org/topic/m.9267649

https://bitcointalksearch.org/topic/m.6410034

Erik Voorhees breaks the law without worrying about the consequences. Even if you assume he always meant well he makes bad business decisions that can and have cost his customers lots of money. I would never trust anything that has his name associated with it.

Erik V. doesn't operate from the USA, so the SEC doesn't have jurisdiction over his companies.

He moved to Panama to avoid the over regulation of the USA. I would think someone who "questions authority" would support those kinds of actions.

How has he cost his customers lots of money?

Read the threads again and pay attention to FeedZeBirds. He was running an illegal business soliciting customers from the U.S. and lived in the U.S. at the time. Business men that break the law are not only risking their own freedom but the money that their customers trusted them to keep safe. He can be Johnny Rebel Mr. Trendy/Edgy/Cool all he wants to be and skirt the law. Just don't involve the money of innocent unknowing people. He also worked for BitInstant and I do feel sorry that Charlie went to jail, but again, businessmen that break the law are a risk to hop into bed with. Bitcoin is a risky enough investment anyway, why add to the risk by investing in risky people.

Don't invest in him, that's your choice. I personally respect E.V. for his entrepreneurship, his courage, and his principles. I also find it's odd to "question authority" but you want someone else to follow the authorities' regulations when you have a bias against them.

bumpk1nK

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They made the right decision. Bitcoin should be free from government oversight because that's why it was made in the first place. To take our freedom back.

QuestionAuthority

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Activity: 2156

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You lead and I'll watch you walk away.

Quote from: jonald_fyookball on June 25, 2015, 12:58:28 PM

Quote from: QuestionAuthority on June 25, 2015, 11:41:04 AM

Quote from: jonald_fyookball on June 25, 2015, 08:13:31 AM

Quote from: QuestionAuthority on June 24, 2015, 10:33:38 PM

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

What con?

Here's one: https://bitcointalksearch.org/topic/m.10221993

https://bitcointalksearch.org/topic/m.9267649

https://bitcointalksearch.org/topic/m.6410034

Erik Voorhees breaks the law without worrying about the consequences. Even if you assume he always meant well he makes bad business decisions that can and have cost his customers lots of money. I would never trust anything that has his name associated with it.

Erik V. doesn't operate from the USA, so the SEC doesn't have jurisdiction over his companies.

He moved to Panama to avoid the over regulation of the USA. I would think someone who "questions authority" would support those kinds of actions.

How has he cost his customers lots of money?

Read the threads again and pay attention to FeedZeBirds. He was running an illegal business soliciting customers from the U.S. and lived in the U.S. at the time. Business men that break the law are not only risking their own freedom but the money that their customers trusted them to keep safe. He can be Johnny Rebel Mr. Trendy/Edgy/Cool all he wants to be and skirt the law. Just don't involve the money of innocent unknowing people. He also worked for BitInstant and I do feel sorry that Charlie went to jail, but again, businessmen that break the law are a risk to hop into bed with. Bitcoin is a risky enough investment anyway, why add to the risk by investing in risky people.

jonald_fyookball

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Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: QuestionAuthority on June 25, 2015, 11:41:04 AM

Quote from: jonald_fyookball on June 25, 2015, 08:13:31 AM

Quote from: QuestionAuthority on June 24, 2015, 10:33:38 PM

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

What con?

Here's one: https://bitcointalksearch.org/topic/m.10221993

https://bitcointalksearch.org/topic/m.9267649

https://bitcointalksearch.org/topic/m.6410034

Erik Voorhees breaks the law without worrying about the consequences. Even if you assume he always meant well he makes bad business decisions that can and have cost his customers lots of money. I would never trust anything that has his name associated with it.

Erik V. doesn't operate from the USA, so the SEC doesn't have jurisdiction over his companies.

He moved to Panama to avoid the over regulation of the USA. I would think someone who "questions authority" would support those kinds of actions.

How has he cost his customers lots of money?

QuestionAuthority

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Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: jonald_fyookball on June 25, 2015, 08:13:31 AM

Quote from: QuestionAuthority on June 24, 2015, 10:33:38 PM

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

What con?

Here's one: https://bitcointalksearch.org/topic/m.10221993

https://bitcointalksearch.org/topic/m.9267649

https://bitcointalksearch.org/topic/m.6410034

Erik Voorhees breaks the law without worrying about the consequences. Even if you assume he always meant well he makes bad business decisions that can and have cost his customers lots of money. I would never trust anything that has his name associated with it.

jonald_fyookball

legendary

Activity: 1302

Merit: 1008

Core dev leaves me neg feedback #abuse #political

Quote from: QuestionAuthority on June 24, 2015, 10:33:38 PM

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

What con?

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

With that sweet talking conman Erik Voorhees involved its hard to believe he would want to be in a state where they would actually keep tabs on what he's doing. That makes me believe his "pulling out" is a ruse to drum up business for a long con. It's nice to know that his last con paid him enough to start a new business.

fancy_pants

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quarkchain.io

Quote from: Bitco on June 17, 2015, 07:05:10 AM

Quote from: rich93 on June 17, 2015, 05:23:15 AM

I heard California had strict rules too, like you get prosecuted for not mowing the grass in front of your house because it makes it look untidy. I bet they will make their own version of the bit license soon.

You mean this? http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB1326

Under California's proposed rules, you can buy and sell goods and services for bitcoin, you just cannot sell or purchase bitcoin for any amount unless you pay the non-refundable $5K license fee, $75 per hour no cap for review of your license eligibility, and hope you get approved. In california it's literally going to be TGFO (translation: take your shirt off please) if you want bitcoins. There is no criteria mentioned that either qualifies you or disqualifies you except that if you don't pay you don't qualify. In comparison, Islam Karimov of Uzbekistan has a lower limit of $50,000 before commercial deals must be approved. Islam Karimov boils dissidents alive. All deals in California must be preapproved if the legislation gets voted in.

ajareselde

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Satoshi is rolling in his grave. #bitcoin

NY lost on this one, they could have earned nice sum of money with taxes, but now they have nothing.
Once they start to figure out what they are doing, it's going to be too late, and the businesses will already be somewhere else.
Really smart .. Roll Eyes

cheers

SuperClam

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CLAM Developer

Erik Voorhees. Respect.

-CLAM Development Team.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: BitUsher on June 15, 2015, 11:01:49 PM

Quote from: jonald_fyookball on June 15, 2015, 10:11:10 PM

I thought shapeshift requires no account. so is it going to do an ip geo lookup and tell New Yorkers to scram? and then, couldn't they just access it anyway via tor?

Yes, it checks the IP range and redirects to this site - http://pleaseprotectconsumers.org

This is fucking brilliant. Love it.

Bitco

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Quote from: rich93 on June 17, 2015, 05:23:15 AM

I heard California had strict rules too, like you get prosecuted for not mowing the grass in front of your house because it makes it look untidy. I bet they will make their own version of the bit license soon.

You mean this? http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201520160AB1326

Snorek

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Quote from: rich93 on June 17, 2015, 05:23:15 AM

Quote from: TKeenan on June 17, 2015, 04:56:22 AM

Quote from: Snorek on June 17, 2015, 04:49:15 AM

Quote from: Argwai96 on June 17, 2015, 02:28:48 AM

why is new york the first state to create this type license?, it feels more like a roadblock then a gain to the bitcoin business.

They want to control bitcoin, they want to control business, they don't believe people can be on their own capable of choosing what is good for them - hence the regulations.
New York laws are stupid they want to regulate EVERYTHING ,to the point you can't buy Coca-Cola in larger bottles because it is not healthy - you can't do that to people. Let them decide!

This is how Democrats operate. The government will do it for you. The government shall decide how much Coke you are permitted. Republicans hate more government. I cannot for the life of me understand people who vote for Democrats. Do you like Obama telling you how much Coke to drink and how many times per week you should give your wife anal?

I heard California had strict rules too, like you get prosecuted for not mowing the grass in front of your house because it makes it look untidy. I bet they will make their own version of the bit license soon. There will soon be state after state creating their own version of the bit license. This time next year there might be less states without one than with one.

At least people are starting to realize now that these ill imposed regulations are going to far. People will decide with their money, they move to where they want to pay their taxes.
Scenario where we are seeing exodus of business to less tax heavy states is reality and when authorities realize that their laws inhibited progress it will be already too late.

Topic: ShapeShift Leaves New York, Choosing Not to Comply with BitLicense (Read 2426 times)