US BITCOIN REGULATION "FOR" or "AGAINST" - page 6.

threeip

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Quote from: Viceroy on June 29, 2013, 01:41:46 PM

Breaking the law is bad. Almost always. (Except Ghandi and Dr. Martin Luther King, Jr.)

That's just it, isn't it?

Laws are good - murder being illegal means less chance of me being murdered.... or does it? Shouldn't I be able to rely on the fact that I won't get murdered because I don't steal/murder/scam? Even though there is a law against murder, people still get murdered.

What about PRISM et al? They are 'lawful', in that they may follow the letter of the law, but is that a law that society got to choose, or something that was 'thrust upon them for their own good'?

Now about Ghandi, law-breaker and rule-flaunter, lock him up? Right?

Laws exist in this age because trust, reputation and honor do not.

Viceroy

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I'm not trying to derail anything. I'm trying to tell a poor homophobic sole that in Colorado we can most certainly eat edibles but he is correct that just like the food industry there are very serious consequences for operating an unlicensed food manufacturing company. The result of regulation in Colorado has been to reduce crime and increase the tax base. Many people would argue that the regulation and taxation of marijuana saved Colorado from the bankruptcy so many states are facing.

Regulation is good. Ralph Nader advocated for tougher automobile manufacturing regulations and now it is less likely that a Ford will kill you by spraying gasoline all over the passenger compartment in a crash.

Breaking the law is bad. Almost always. (Except Ghandi and Dr. Martin Luther King, Jr.)

It's really comes down to whether you want to be a part of a society or live in cave like the anarchist is proposing.

You find this off topic?

BCB

vip

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BCJ

Viceroy,

Do you have to derail every thread you participate in???!!!

This is about on BITCON regulation. (NOT REGULATING THE PROTOCOL) the but specifically the recent guidance handed down by FinCEN here in the US as it pertains to converting between fiat and bitcoin and transmitting value over the bitcoin network.

Thanks.

cryptoanarchist

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Quote from: Viceroy on June 29, 2013, 12:40:11 PM

Quote from: cryptoanarchist on June 29, 2013, 12:35:33 PM

I'm much older and grew pot in Michigan when it was a felony.

So you've been burned by the system and are mad at it, I get that.

http://norfolkdailynews.com/news/national/feature_national/marijuana-s-march-toward-mainstream-confounds-feds/article_db0b5678-e0cb-11e2-8a1f-001a4bcf6878.html

Entrench it in your home state and the feds can't do shit. It's easier than living in a lawless society. I don't relish MadMax's world.

In Colorado it's completely "legal", but your masters still won't allow people to sell edibles without spending thousands on a commercial kitchen, or allow you to grow without spending thousands on permits.

They only made it legal for connected people, and only made it harder for the average guy to profit.

As far as smoking it goes, I'm not sure what you're celebrating. You still can't legally smoke in public anywhere in USSA, and you can easily smoke in your own home even in Texas - so nothing has really changed.

QuestionAuthority

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You lead and I'll watch you walk away.

It's like watching an episode of Mad Magazines Troll vs Troll. lol

Viceroy

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Quote from: cryptoanarchist on June 29, 2013, 12:35:33 PM

I'm much older and grew pot in Michigan when it was a felony.

So you've been burned by the system and are mad at it, I get that.

http://norfolkdailynews.com/news/national/feature_national/marijuana-s-march-toward-mainstream-confounds-feds/article_db0b5678-e0cb-11e2-8a1f-001a4bcf6878.html

Entrench it in your home state and the feds can't do shit. It's easier than living in a lawless society. I don't relish MadMax's world.

cryptoanarchist

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Quote from: Viceroy on June 29, 2013, 12:31:39 PM

Your post reads like:

"I'm a 13 year old white kid who lives in California and my daddy lets me drive his BMW up and down the driveway".
- cryptoanarchist

amirite?

Not even close. Shows what you know. But what should anyone expect from the stunted mind of a hapless peon?

cryptoanarchist

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Quote from: Viceroy on June 29, 2013, 12:31:39 PM

Your post reads like:

"I'm a 13 year old white kid who lives in California". - cryptoanarchist

Wrong again. I'm much older and grew pot in Michigan when it was a felony. I'm not a slave like you.

Viceroy

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Your post reads like:

"I'm a 13 year old white kid who lives in California and my daddy lets me drive his BMW up and down the driveway".
- cryptoanarchist

amirite?

cryptoanarchist

legendary

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Quote from: Viceroy on June 29, 2013, 12:19:14 PM

Dear homophobe,

You must not be black or mexican and you must live in a liberal place, else you risk much to fight the drug war the way I spent the first half of my life fighting the drug war. I prefer to live free and without risk of incarceration for something I choose to do so we simply changed the rules.

Quote from: cryptoanarchist on June 29, 2013, 12:12:34 PM

I do what I want.

Go to Bali and smoke a joint in the town center. I'd like to see you do that. I know you want to. Will you videotape it for me so I can laugh at your nonsense?

http://www.thejakartaglobe.com/news/japanese-tourist-sentenced-to-5-months-in-bali-jail-for-marijuana-consumption/

Your post reads like this:

"wahhh, I'm a slave, wahhhh. Massa's gonna git you, you keep talkin like dat!"

Viceroy

hero member

Activity: 924

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Dear homophobe,

You must not be black or mexican and you must live in a liberal place, else you risk much to fight the drug war the way I spent the first half of my life fighting the drug war. I prefer to live free and without risk of incarceration for something I choose to do so we simply changed the rules.

Quote from: cryptoanarchist on June 29, 2013, 12:12:34 PM

I do what I want.

Go to Bali and smoke a joint in the town center. I'd like to see you do that. I know you want to. Will you videotape it for me so I can laugh at your nonsense?

http://www.thejakartaglobe.com/news/japanese-tourist-sentenced-to-5-months-in-bali-jail-for-marijuana-consumption/

cryptoanarchist

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Quote from: Viceroy on June 29, 2013, 12:01:10 PM

Quote from: BCB on June 29, 2013, 10:50:17 AM

I'm in the US and while no one is happy about this new "guidance"

Don't assume, my young Padawan. Like 33% of the poll takers I appreciate the guidance. The more bitcoin becomes part of the system the harder it will be to remove it from the system. Any law abiding citizen who wants bitcoin to succeed must work against illegal money laundering and other more serious crimes.

* Viceroy smokes a big fat doobie because he helped change the "drug" law where he lives

Gay. I smoke big fat doobies regardless of the local "laws". Unlike Viceroy, I'm no slave begging for freedom's from my master. I do what I want.

Viceroy

hero member

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Quote from: BCB on June 29, 2013, 10:50:17 AM

I'm in the US and while no one is happy about this new "guidance"

Don't assume, my young Padawan. Like 33% of the poll takers I appreciate the guidance. The more bitcoin becomes part of the system the harder it will be to remove it from the system. Any law abiding citizen who wants bitcoin to succeed must work against illegal money laundering and other more serious crimes.

* Viceroy smokes a big fat doobie because he helped change the "drug" law where he lives

TheKoziTwo

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Quote from: Viceroy on June 29, 2013, 11:51:15 AM

Quote from: BitcoinBarrel on June 29, 2013, 10:58:31 AM

Bitcoin is doing mighty fine, around $100 per BTC, without Regulation.

Imagine how well it would do with regulation! Large investors might actually start to take it seriously. Instead of thinking it to be play money.

earlier in the thread:
https://bitcointalksearch.org/topic/m.2606301

One those not simply... "regulate" bitcoin.

But take a look at how successful regulation has been on crypto-currencies competition: namly e-gold and liberty reserve. I would rate the regularity success to be 100%, as they are both dead.

Viceroy

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Quote from: BitcoinBarrel on June 29, 2013, 10:58:31 AM

Bitcoin is doing mighty fine, around $100 per BTC, without Regulation.

Imagine how well it would do with regulation! Large investors might actually start to take it seriously. Instead of thinking it to be play money.

earlier in the thread:
https://bitcointalksearch.org/topic/m.2606301

bernard75

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In Germany its official:
After holding BTC for over 1 year makes them tax free. \o/

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Bitcoin is doing mighty fine, around $100 per BTC, without Regulation.

BCB

vip

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BCJ

malevolent,

Good points. I'm in the US and while no one is happy about this new "guidance" I'm trying to figure out how to continue to operate my bitcoin business legally here. And any bitcoin business that wants to (legally) deal with US customers will have to figure that out too.

Unfortunately, I feel pretty certain that bitcoin will begin to be more widely adopted and thrive outside of the US in a jurisdiction with less onerous regulation and more intelligence and understanding on how this technology will impact the worlds financial future.

malevolent

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Quote from: BCB on June 29, 2013, 08:21:51 AM

Just to add a point a clairty. The US government doesn't HATE liberty reserve or Bitcoin.

What the US government is concerned about is allowing Liberty Reserve or Bitcoin to be a conduit for illicit funds used for things like Money Laundering, Terrorist Financing and Kiddie Porn.

Another case in point. The US government will also hold YOU responsible if you allow these type of funds into the system.

The US government doesn't like anything that is beyond its control. One does not have to use medium and use it for conducting illicit transactions.
It is enough if one uses a medium that can facilitate the conducting of illicit transactions, even if none are made.

Financial privacy is already a crime. Transactions over $10k require extra paper shuffling even if they are not used to fund drugs or kiddie porn.

Quote from: BCB on June 29, 2013, 08:21:51 AM

unless we figure out how to legally interface with the fiat banking system, Bitcoin will end up like E-Gold and Liberty Reserve.

Fortunately Bitcoin is somewhat-decenetralized and while it may be killed by red tape in US, it should thrive in countries with less financial regulation once more people are aware of its potential.

If Bitcoin is to adjust to the current legal and financial system what value will it have for the remaining financially-aware people if it's another tool in the hands of unpredictable thugs?

QuestionAuthority

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You lead and I'll watch you walk away.

Quote from: BCB on June 29, 2013, 09:50:58 AM

Quote from: hmmmstrange on June 29, 2013, 09:12:30 AM

Why not have bitcoin regulate the banks that want to do business with bitcoin?

A good project for the bitcoin foundation would be to regulate banks. Maybe start with a set of guidelines for the banks who want to engage in BTC transmitting, making sure that transfers between BTC and fiat are sudo anonymous.

That is a GREAT idea. Unfortunately the Banks and the Regulators currently control the legacy fiat financial system. The Bitcoin Foundation is currently making efforts to engage and education the legislators and regulators so that maybe in the future we can affect what you are suggesting.

Bitcoin is still a DEVELOPMENTAL protocol. There is not reason that as the protocol evolves that it can not meet the needs of maintain our financial privacy while assistant governments in keeping illicit funds out of the system.

I am not a developer nor a technologist, and I have no idea if or how that could happen but unless we figure out how to legally interface with the fiat banking system, Bitcoin will end up like E-Gold and Liberty Reserve.

That's a pretty bold statement. You know if you get in bed with them and pull the covers up their gonna fuck you and their gonna have babies with you and keep you in the kitchen serving up what ever they want.

Topic: US BITCOIN REGULATION "FOR" or "AGAINST" - page 6. (Read 6304 times)