1. Head up the authoring of onerous regulation.
2. Stay on board long enough for regulation to become law.
3. Set up consulting firm to help and advise companies to comply with new regs.
4. Profit
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21679. (Read 26630334 times)
May 20, 2015, 05:53:32 PM
May 20, 2015, 05:51:02 PM
Well what the hell is going to happen with the NY Bitlicense approval/regulation now then?
It was supposed to be very close to being granted & now Lawsky has decided to quit his post & try to get a piece of bitcoin action any way.
Any ideas on what is going to happen with the Bitlicense now anybody?
I'm slightly confused as to what happens next?
It was supposed to be very close to being granted & now Lawsky has decided to quit his post & try to get a piece of bitcoin action any way.
Any ideas on what is going to happen with the Bitlicense now anybody?
I'm slightly confused as to what happens next?
Due at the end of the month so they say. Considering how much noise he made about it, I assume he signed it off before setting off. There still seem to be plenty of gripes though. Dunno if they've been addressed.
May 20, 2015, 05:50:23 PM
An interesting detail from here
http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer
Ben Lawsky stands down as New York's financial supernintendo
'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'
Teensy conflict of interest there. He creates the problem and then charges for the solution.
http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer
Ben Lawsky stands down as New York's financial supernintendo
'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'
Teensy conflict of interest there. He creates the problem and then charges for the solution.
Quote
He issued a letter to the management of the London-based bank demanding to know why he shouldn’t revoke its license to operate in New York given all the improper transactions it had enabled. A week later, the bank reached a settlement with DFS.
This guy operates at the highest levels of corruption and coercion.
Here's how this conversation goes.
Ben Lawsky: "Give me one good reason why I don't shut you down."
Banker: "How about I give you 485 million good reasons?"
Ben Lawsky: "meh, it's a start, I guess."
Getting in bed with the regulators is just asking for trouble. I worry sometimes about the proposed changes that bitcoin "needs" in order to achieve "mainstream adoption".
May 20, 2015, 05:48:36 PM
Well what the hell is going to happen with the NY Bitlicense approval/regulation now then?
It was supposed to be very close to being granted & now Lawsky has decided to quit his post & try to get a piece of bitcoin action any way.
Any ideas on what is going to happen with the Bitlicense now anybody?
I'm slightly confused as to what happens next?
It was supposed to be very close to being granted & now Lawsky has decided to quit his post & try to get a piece of bitcoin action any way.
Any ideas on what is going to happen with the Bitlicense now anybody?
I'm slightly confused as to what happens next?
May 20, 2015, 05:32:42 PM
So basically, everyone who's forced to sit down and learn something about Bitcoin wants a piece of the action. Bullish...
I remember his eyes glittering during the streamed crypto hearing things he attended as more was explained to him. I guess he's now 'outed' himself.
May 20, 2015, 05:30:20 PM
An interesting detail from here
http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer
Ben Lawsky stands down as New York's financial supernintendo
'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'
Teensy conflict of interest there. He creates the problem and then charges for the solution.
http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer
Ben Lawsky stands down as New York's financial supernintendo
'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'
Teensy conflict of interest there. He creates the problem and then charges for the solution.
So basically, everyone who's forced to sit down and learn something about Bitcoin wants a piece of the action. Bullish...
May 20, 2015, 05:22:20 PM
An interesting detail from here
http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer
Ben Lawsky stands down as New York's financial supernintendo
'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'
Teensy conflict of interest there. He creates the problem and then charges for the solution.
http://www.bloomberg.com/news/articles/2015-05-20/bank-regulator-lawsky-to-exit-with-new-york-6-billion-richer
Ben Lawsky stands down as New York's financial supernintendo
'The 45-year-old regulator plans to set up his own consulting firm in New York, advising financial institutions on matters related to technology, cybersecurity and virtual currency.'
Teensy conflict of interest there. He creates the problem and then charges for the solution.
May 20, 2015, 04:57:42 PM
May 20, 2015, 04:51:48 PM
...
Looks promising... buy buy buy!
Good day on GBTC as well today. Got bought over $300 per coin.
May 20, 2015, 04:42:35 PM
Bitcoin bored the fuck out of me so much in the past days that i even had time to invent this
This device is mining for bitcoins and, unlike the inefficient toasters from 21 Inc. that still use great amounts of electricity, this one is mining for bitcoins while you perform this simple act of shitting. You also have a slot in the back for the newest Home Battery manufactured by Tesla, in case you want to override the gyroscope based solid-to-liquid converter and hash the algorithms by up to 20x faster. Anyways, i won't write the technical white paper in here. For that you can access the project on Kickstarter.
As a dev, considering the experience that i had so far with BitColon, i would say that this is very bullish for Bitcoin.
This device is mining for bitcoins and, unlike the inefficient toasters from 21 Inc. that still use great amounts of electricity, this one is mining for bitcoins while you perform this simple act of shitting. You also have a slot in the back for the newest Home Battery manufactured by Tesla, in case you want to override the gyroscope based solid-to-liquid converter and hash the algorithms by up to 20x faster. Anyways, i won't write the technical white paper in here. For that you can access the project on Kickstarter.
As a dev, considering the experience that i had so far with BitColon, i would say that this is very bullish for Bitcoin.
May 20, 2015, 03:57:42 PM
May 20, 2015, 03:56:36 PM
What do you do for a girl in a revolving door?
May 20, 2015, 02:57:41 PM
May 20, 2015, 02:40:26 PM
will they auction the seized dollars for BTC?
oh, I bet they'd love to
May 20, 2015, 02:29:18 PM
It always seems like there's a few guys who collected a ton of coins trading the last big movement, missed the boat to fully cover and are now intent on losing it all by bossing the price in the direction that they traded last, trying to stop the correction because they are overconfident and still heavily leveraged the wrong direction in futures.
News flash, this never works.
News flash, this never works.
May 20, 2015, 02:25:51 PM
May 20, 2015, 02:25:11 PM
NYSE launches a bitcoin index
By Brett Molina May 19, 2015 10:34 am
The New York Stock Exchange is launching an index for tracking bitcoin, adding a new layer of credibility to the rising cryptocurrency.
In a statement released Tuesday, the exchange says the NYSE Bitcoin Index (NYXBT) will track the U.S. dollar value of one bitcoin based on how the currency trades at select exchanges.
“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley in a statement.
The announcement of a bitcoin exchange follows details of a plan that will make trading the currency much easier. Last month, software company AlphaPoint unveiled a service that gives users access to 20 bitcoin exchanges through one account.
http://americasmarkets.usatoday.com/2015/05/19/nyse-launches-a-bitcoin-index/
By Brett Molina May 19, 2015 10:34 am
The New York Stock Exchange is launching an index for tracking bitcoin, adding a new layer of credibility to the rising cryptocurrency.
In a statement released Tuesday, the exchange says the NYSE Bitcoin Index (NYXBT) will track the U.S. dollar value of one bitcoin based on how the currency trades at select exchanges.
“Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class,” said NYSE Group President Thomas Farley in a statement.
The announcement of a bitcoin exchange follows details of a plan that will make trading the currency much easier. Last month, software company AlphaPoint unveiled a service that gives users access to 20 bitcoin exchanges through one account.
http://americasmarkets.usatoday.com/2015/05/19/nyse-launches-a-bitcoin-index/
May 20, 2015, 02:06:18 PM
Woah, looks like there's going to be a short term drought and there'll be a significant markup on the remaining supply. Addicts are gonna have a tough time until this can filter back in. That was the frickin motherload, holy crap!
Hey Chef, That's not a lot of money...!
Why did you bash my buddy Al Pacino on Twitter about his lasagna dish? If Al and I was cooking for your sorry butt I would take your apron and tell you to sit down and enjoy our Nutella and fluff sandwich and keep quite cause you lose in our house...
May 20, 2015, 01:57:40 PM
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