to alert the Govenator cause you poor bastards are building Sky Net. Don't be surprised if Arnold kicks down your door and blows away your mining rigs w/ a shotgun.
All according to plan
Topic: Stop building mining rigs people!!!!! - page 3. (Read 9005 times)
All according to plan
I haven't paid much attention to the liberty dollar but it was my understanding that the notes where perfectly fine, it was when they started passing off the physical coins as money that they broke the law legislation.
Hmm, it seems the reasons for the raid and the charges actually brought are two different matters.
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The seizure warrant was issued for money laundering, mail fraud, wire fraud, counterfeiting, and conspiracy.
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Bernard von NotHaus is charged with one count of conspiracy to possess and sell coins in resemblance and similitude of coins of a denomination higher than five cents, and silver coins in resemblance of genuine coins of the United States in denominations of five dollars and greater, in violation of 18 U.S.C. § 485, 18 U.S.C. § 486, and 18 U.S.C. § 371; one count of mail fraud in violation of 18 U.S.C. § 1341 and 18 U.S.C. § 2; one count of selling, and possessing with intent to defraud, coins of resemblance and similitude of United States coins in denominations of five cents and higher, in violation of 18 U.S.C. § 485 and 18 U.S.C. § 2; and one count of uttering, passing, and attempting to utter and pass, silver coins in resemblance of genuine U.S. coins in denominations of five dollars or greater, in violation of 18 U.S.C. § 486 and 18 U.S.C. § 2.
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Market currencies like bitcoin and the Liberty Dollar are far more likely targets then other state-approved currencies, but when things get really hairy they will probably regard ANY potential competition to the dollar as an actionable threat.
They shut down the Liberty Dollar under the premise that it was too similar to federal reserve notes. I'm interested to see what argument they use against Bitcoin...
And there are already laws to that effect on the books in America. It is actually considered fraudulent to present non-legal tender as money.
Popular misconception. From the Treasury's website.
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This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise.
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The fedgov doesn't tend to make a big deal about people using official money printed or minted by Canada, but there are cases of people using Mexican dollars in America being charged with fraud.
Citation?
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Market currencies like bitcoin and the Liberty Dollar are far more likely targets then other state-approved currencies, but when things get really hairy they will probably regard ANY potential competition to the dollar as an actionable threat.
They shut down the Liberty Dollar under the premise that it was too similar to federal reserve notes. I'm interested to see what argument they use against Bitcoin...
I hope you guys are buying guns and amo along with your GPU's. Its ur responsibility to take out a node if it becomes self aware.
Hey there, you need to syncronize your dogmas -- I thought AI was supposed to be our ally in the struggle for utopian anarchy? 
What happens if/when all conversions from BTC to USD are made illegal?
We trade them for EUR and then EUR to USD.
If History is any indication, the state will make trading in bitcoin illegal at the same time it makes trading dollars for Euros illegal as well. Look at Zimbabwe's recent monetary collapse. They didn't just make it illegal to buy or use US dollars (which were the most popular substitute); they tried to nip any form of alternative markets in the bud by making Zim dollars the ONLY currency that could be used anywhere, by anyone, ever.
And there are already laws to that effect on the books in America. It is actually considered fraudulent to present non-legal tender as money. The fedgov doesn't tend to make a big deal about people using official money printed or minted by Canada, but there are cases of people using Mexican dollars in America being charged with fraud. Market currencies like bitcoin and the Liberty Dollar are far more likely targets then other state-approved currencies, but when things get really hairy they will probably regard ANY potential competition to the dollar as an actionable threat.
What happens if/when all conversions from BTC to USD are made illegal?
We trade them for EUR and then EUR to USD.
Youre absolutely right. Here a pic of mi gunning rig
What hash rate are you getting out of that rig?
What happens if/when all conversions from BTC to USD are made illegal? If the mainstream can't do it easily, it will never catch on. And the US will likely ensure that the mainstream can't do it easily.
I think the legal implications and the infringement of the constitution such ruling could cause would evolve into such a long legal spiral that by the time the gov can bring in a strong enough case to outlaw Bitcoins, it will have taken over the USA already.
Additionally, the US might just collapse under its own weight before then anyway. Especially if bitcoin becomes popular enough that people start abandoning legal tender in its favor. (Oh please oh please oh please...)
Don't be surprised if Arnold kicks down your door and blows away your mining rigs w/ a shotgun.
I'm surprised this isn't a more prevalent topic. Perhaps not Arnold (well, at least not now that he's been replaced as governor), but we should take into account the hoops the US Gov't & others could make us jump through if they started to more-openly attack Bitcoin, and it should be factored in to persons' decision to build a mining rig. Paypal fairly recently shut down arguably the most painless-to-use BTC seller, Coinpal, and I'm not entirely convinced Paypal came to the decision internally after giving it the OK multiple times. Other sites like Mt Gox (currently operating on a domain regulated by the USG's lap-dog, ICANN) are at risk of being shut down or at least having operations hindered if the USG decides BTC is a credible threat to their power. The Constitution hasn't been a reliable defense against tyranny for decades (at least), and we should give the proper thought to scenarios unfavorable to us the USG could create.
What happens if/when all conversions from BTC to USD are made illegal? If the mainstream can't do it easily, it will never catch on. And the US will likely ensure that the mainstream can't do it easily.
The us government won't make it illegal the democrats will tax it to death
What happens if/when all conversions from BTC to USD are made illegal? If the mainstream can't do it easily, it will never catch on. And the US will likely ensure that the mainstream can't do it easily.
I think the legal implications and the infringement of the constitution such ruling could cause would evolve into such a long legal spiral that by the time the gov can bring in a strong enough case to outlaw Bitcoins, it will have taken over the USA already.
What happens if/when all conversions from BTC to USD are made illegal?
That would slow the growth of Bitcoin a bit, but not to a halt. People would still generate the same number of new bitcoins each day (the difficulty adjustment takes care of that), and they're going to do something with those coins. Those who generate the bitcoins would trade them within an ever-increasing group of Bitcoin users. I think Bitcoin is already at critical mass and would cope with exchanges being made illegal.I hope you guys are buying guns and amo along with your GPU's.
No. Guns & Ammo don't make me money.They do. There's a very old and very efficient business model about that. Just ask, in a very polite way, people to give you all of their money. It generally doesn't work except if you have a gun in your hand at the same time. It's very efficient because you can re-use the gun as many time as you want.
Unfortunately, this was a so easy business model that most government made it illegal.
No they didn't. They just gave themselves a monopoly on doing it.
What happens if/when all conversions from BTC to USD are made illegal?
That would slow the growth of Bitcoin a bit, but not to a halt. People would still generate the same number of new bitcoins each day (the difficulty adjustment takes care of that), and they're going to do something with those coins. Those who generate the bitcoins would trade them within an ever-increasing group of Bitcoin users. I think Bitcoin is already at critical mass and would cope with exchanges being made illegal. 
Don't be surprised if Arnold kicks down your door and blows away your mining rigs w/ a shotgun.
I'm surprised this isn't a more prevalent topic. Perhaps not Arnold (well, at least not now that he's been replaced as governor), but we should take into account the hoops the US Gov't & others could make us jump through if they started to more-openly attack Bitcoin, and it should be factored in to persons' decision to build a mining rig. Paypal fairly recently shut down arguably the most painless-to-use BTC seller, Coinpal, and I'm not entirely convinced Paypal came to the decision internally after giving it the OK multiple times. Other sites like Mt Gox (currently operating on a domain regulated by the USG's lap-dog, ICANN) are at risk of being shut down or at least having operations hindered if the USG decides BTC is a credible threat to their power. The Constitution hasn't been a reliable defense against tyranny for decades (at least), and we should give the proper thought to scenarios unfavorable to us the USG could create.
What happens if/when all conversions from BTC to USD are made illegal? If the mainstream can't do it easily, it will never catch on. And the US will likely ensure that the mainstream can't do it easily.
They do. There's a very old and very efficient business model about that. Just ask, in a very polite way, people to give you all of their money. It generally doesn't work except if you have a gun in your hand at the same time. It's very efficient because you can re-use the gun as many time as you want.
I've seen it work with hot women and miserable looking toothless old men =O
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Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
The only made it illegal to get rid of the competition!!
Also, Sarah Connor anyone?
They do. There's a very old and very efficient business model about that. Just ask, in a very polite way, people to give you all of their money. It generally doesn't work except if you have a gun in your hand at the same time. It's very efficient because you can re-use the gun as many time as you want.
Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
Can't tell if you're being single-sarcastic or double-sarcastic, but it doesn't take a government for a society to consider the use or threat of violence immoral. In fact, I would argue that governments by their very nature participate happily in the very behavior from which you think they protect us.
Don't be surprised if Arnold kicks down your door and blows away your mining rigs w/ a shotgun.
I'm surprised this isn't a more prevalent topic. Perhaps not Arnold (well, at least not now that he's been replaced as governor), but we should take into account the hoops the US Gov't & others could make us jump through if they started to more-openly attack Bitcoin, and it should be factored in to persons' decision to build a mining rig. Paypal fairly recently shut down arguably the most painless-to-use BTC seller, Coinpal, and I'm not entirely convinced Paypal came to the decision internally after giving it the OK multiple times. Other sites like Mt Gox (currently operating on a domain regulated by the USG's lap-dog, ICANN) are at risk of being shut down or at least having operations hindered if the USG decides BTC is a credible threat to their power. The Constitution hasn't been a reliable defense against tyranny for decades (at least), and we should give the proper thought to scenarios unfavorable to us the USG could create.
They do. There's a very old and very efficient business model about that. Just ask, in a very polite way, people to give you all of their money. It generally doesn't work except if you have a gun in your hand at the same time. It's very efficient because you can re-use the gun as many time as you want.
Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
Can't tell if you're being single-sarcastic or double-sarcastic, but it doesn't take a government for a society to consider the use or threat of violence immoral. In fact, I would argue that governments by their very nature participate happily in the very behavior from which you think they protect us.
I hope you guys are buying guns and amo along with your GPU's.
No. Guns & Ammo don't make me money.They do. There's a very old and very efficient business model about that. Just ask, in a very polite way, people to give you all of their money. It generally doesn't work except if you have a gun in your hand at the same time. It's very efficient because you can re-use the gun as many time as you want.
Unfortunately, this was a so easy business model that most government made it illegal. Damn government, they are really abusing their power. We should be allowed to conduct any business we want between consenting adults.
Youre absolutely right. Here a pic of mi gunning rig
(?)
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