Bitcoin Forum

http://www.law360.com/articles/646017/lawsky-says-bitlicense-could-change-to-ease-compliance



http://www.forexminute.com/bitcoin/nydfs-superintendent-benjamin-lawsky-resign-2015-49520


http://insidebitcoins.com/news/nydfs-superintendent-lawsky-to-step-down-early-next-year/26217

When it didn't happen on Wednesday I pretty much wrote it off as not happening this month. He's a liar and he's going to drag this out as his last legacy before he leaves office. However I am optimistic since he is starting a firm that advises on digital currencies, so that means the legislation is at least partially positive and he believes there will be a big enough bitcoin market for his firm to be successful.

I hope its not regulated any time soon.  His regulation seems like a scheme for lawyers to make money.  How would they even regulate it?  Lets say I hire someone to wash my car or cook me dinner, and pay in bitcoins directly to his wallet.  How can they even track that?  Sure they can look at the blockchain and track things that way.  But imagine if millions of people are doing this.  How could they possible do it?

It means it's probably going to be so complicated and expensive that you'll need to hire him.

Imagine a nice clear pool. Then some crook dumps a ton of shit in it, stirs it up and says he will charge you to help you navigate through it.

Sadist thing is that all the VC and bitcoin public figures that were riding the coat tails of the drug market profits see this as another coat tail to ride :(.

Bastards.

Create regulation while in government, benefit from same regulation after moving to private sector. Tyranny at its finest!

https://en.wikipedia.org/wiki/Regulatory_capture

He's starting a bitcoin business. It's not a wallet or exchange, but a consulting firm and IMO that is very promising that he believes there is a future in being a bitcoin regulation consultant. That means he expects the currency to have future demand and not die off. I agree what he did is shady, create the rules then profit from it. 

Doubt it. I'm sure he just thinks these juicy start-ups will pay him large sums a fiat and so will the VC's.

He promised it well before that we were looking at early 2015 from what he was saying back end of 2014 iirc. Dont expect much from it but it might give the go ahead for huge investment to come into bitcoin.  If we have to create a new currency at a later date for the freedom aspect then so be it.

What would be the best way to publicly shame Lawsky?

Love it or hate it.......I have a feeling we will see the Bitlicense sooner..... rather than later.

Sure they said jan 2015, but they had yet another round of public comment.... public comment is done now, they are just dotting the i's and crossing the t's.



 

Sneak up on him an pull his pants down and shag him infront of his wife?

That'd teach the bugger.

I think he's a bad apple tbh, a bit of an extortionist.
Like somebody said above, I think he's made it as complicated as possible & then he's obviously gone and set up this company meaning bitcoin companies will need to hire him to get through all the loopholes to comply with the BitLicense.
Very clever of him tbh, still a scumbag though.
As for the BitLicense who even knows when it's going to be active?

2 days left - no weekend for him  :P

Anyone have twitter?

https://twitter.com/benlawsky

The latest tweets on Bitlicense go as back as Febraury 19.

Why did he say "end of May at the latest"? He wasn't under any pressure to give a specific date. Couldn't he just say "before the end of 2015"?

Why is Ben Lawsky the way that he is?  Does he actually get some kind of enjoyment out of lying?

I just did a whois search to answer your question

No match for "TAKINGALAWSKY.COM".

creating an urban legend to connect the name lawsky with the act of shitting in a pristine swimming pool might get some traction.

I don't know how one goes about doing such things.

http://www.urbandictionary.com/define.php?term=santorum&defid=942955 (http://www.urbandictionary.com/define.php?term=santorum&defid=942955)

He wants people to watch the spelling bee to distract everyone from the Bitlicense news
Well his last tweet anyways two more days to go.

Don't worry. I'm sure his government office will totally be open this weekend to finalize the bitlicense. (/sarcasm)

Then he's sitting around watching spelling bees and tweeting about it.

Barry Silbert's "ETF" going live in November 2014. Lawsky finalizing Bitlicense in January. Winklevoss twins lauching Gemini in "Q1 2015."

Disappointment after disappointment after disappointment. Why does this industry have to be such a joke?

 If you don't know when you can do something, just say "Within the next 12 months." Then if you deliver in 5 months you're a hero. Underpromise and overdeliver. Not the other way around.

"Within the next century." I've seen more than enough 12 month timeframes surpassed.

We need to wrap this up.

We've been talking about getting regulatory clarity in NY since summer of last year. We've had two comment periods. It's time to WRAP IT UP. How long do you think an adult life is? We've been working on this for a year now. Most people don't make it to age 100. Most people are idiots until age 20+. Why are we working on this preliminary regulatory framework as if we live 1000 year lifespans? We don't. And the framework is almost certainly going to change anyway.

I've personally e-mailed Gemini's staff and they say that Gemini is complete. They are waiting on the Bitlicense. They actually want to abide by your little rules and this is how Lawsky repays them. He's sitting around watching spelling bees. This is fucking ridiculous and I'm angry. It's 2015.  Bitfinex, Bitstamp, and Bter hacked in the past 6 months. OKCoin lying to auditors and using bots that trade with fake BTC. Still no ETF. Still no Bitlicense. I've personally had Coinbase, my banks, and other services UP MY ASS, asking me about my transactions. Limiting my transactions. Restricting my accounts. Not letting me move my own money around.

Transactions were delayed for 8 HOURS yesterday after a handful of people stresstested the system. A handful of people. And we're still sitting around debating dynamic block resizing. There's no time to debate. The system is live.

WRAP IT UP, LAWSKY. WRAP IT UP, SEC. WRAP IT UP, CORE DEVELOPMENT TEAM

We're in a funk. It's time to break out of it. Let's move.

Coinbase is 100% about "compliance" (i.e. surveillance). If anyone is doing anything directly with their Coinbase coins, they are idiots.

But anyway, I'm just sick of all this shit, man. The lies and the hacks and the incompetence. I feel like we should be way farther ahead by now. I feel that I've done more than my part, including holding more coins than most for longer than most. I've spent so many fucking hundreds of hours spreading this gospel in multiple countries for free.

It's time for me to take a long break from this. Move on with my life. Keep my coins until 2021.

"Benjamin Lawsky" is an intelligence agent working out of Chuck Schumer's office.  Don't ever sign up for nonsense "licenses" to use Bitcoin.

I'm hoping it never comes through, only bad can come from attempting to regulate Bitcoin

Anything is right!  

Even if you are selling Bitcoins to the little old lady on the corner so she can buy cows for a third world family. Coinbase could rat you out as being a money transfer or falsely accuse you of something you didn't do.

My Coinbase account was turned off after calling out their bullshit Pump and Dump piggy backing off a week of positive news.

There reason for banning me: I used their services too much and I wasn't interest in telling some scamming stranger my life fucking story...  ::)

100% full of shit more like!

http://www.sfgate.com/business/article/Bitcoin-exchange-claims-it-is-regulated-but-6043584.php

Still believing what hook noses say in the year of our lord 2015 A.D.

Stay blue pilled

https://i.imgur.com/twslvmb.png

So Christian politicians don't lie? Come on. Let's keep that out of this thread.

no i tend to think they gave you the boot because you help operate and promote illegal websites. I'm glad they have enough common sense to freeze accounts of known scammers like you!  >> see: VIRAL "escrow"

:\

~ you are a fool!

A: no sites I'm on, promote or operate are illegal.
B: the escrow I provided for VIRAL was free of charge.

Run along fuck face ::). Investor hub is calling your name *in the distance an echo of "Broke penny stock fgts" rings out*

lol look at your history of promoting and moderating illegal gambling sites! Yeah i'm glad coinbase froze your account , had nothing to do with your trolling them! * you are a stupid trying to paint the most upright company in bitcoinland as a bad player because they don't support gambling and illegal share offerings(and god knows what else) You are just pissed regulators decided to reign in on scammers like you !  Just keep your operations underground it might buy you some time? hmmmm :o

I used coinbase only to buy coins.  After I got them I moved them to other wallets or places like hashnest.  For me they were easy to deal with.  The only problem was it took a whole week to get the funds transferred from the back which is a bit much imo.  But their customer service was great when I had a question.

'End of May - At The Latest'.
Lawsky was lying then the scum bag, fed us a load of crap just before he defected to set up his own crypto advising company.
I wonder when we'll ever see this BitLicense regulation, what's the hold up here?
I fail to see why after all the previous delays it hasn't materialised AGAIN!!!!!

At this point it seems that the project is abandoned? Why isn't this guy addressing it on his twitter? it's like hes avoiding the subject. The thing is, if BitLicense came out, would they embrace the Bitcoin Core or XT? Would it work for both chains?

no one cares ~ New York isn't as popular a place for crypto as expected...zzz :\