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Title: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: Severian on June 03, 2013, 04:51:15 PM Quote http://www.rawstory.com/rs/2013/06/03/federal-reserve-studying-effect-of-paypal-and-bitcoin-on-banking/ "Some officials fear the virtual currency can be used by criminals or terrorists, or could be vulnerable to hackers." Criminals in government and banking prefer controlling people via their own funny money, iow. Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: BitAddict on June 03, 2013, 04:54:29 PM Criminals/terrorist can use cash... Is funny how they lie for their own bussiness.
Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: hayek on June 03, 2013, 05:22:10 PM Interesting
Fiat can be used for all of those things as well. We should start a government agency to regulate your government agency to regulate the government agency that regulates agencies. That'd fix things. Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: Severian on June 03, 2013, 05:29:54 PM We should start a government agency to regulate your government agency to regulate the government agency that regulates agencies. Just because you're named 'hayek': Quote "If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these legislators are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?" -Bastiat Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: TheFootMan on June 03, 2013, 05:38:49 PM Quote Some officials fear the virtual currency can be used by criminals or terrorists, or could be vulnerable to hackers. I Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: hayek on June 03, 2013, 06:01:54 PM We should start a government agency to regulate your government agency to regulate the government agency that regulates agencies. Just because you're named 'hayek': Quote "If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these legislators are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?" -Bastiat Should have added sarcasm tags to my last post. Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: CasinoBit on June 03, 2013, 10:33:19 PM The real criminals and terrorists are the officials
Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: alyssa85 on June 03, 2013, 10:58:12 PM Well as long as there are Silicon Valley types trying to create real ecommerce solutions using Bitcoin and as long as Forbes reporters are doing articles on how they bought groceries using Bitcon, govt is going to find it really hard to claim, like they did with Liberty Reserve, that "everyone" who used it was engaged in criminal activity.
The community really needs to get behind all the ecommerce ventures and charity drives, and away from speculation - and Bitcoin will be safe. The more the real economy depends on Bitcoin funds being spent in their stores, the harder it will be for govt to take it down. The loss of Liberty Reserve "only" hurt people in countries who were using it because they couldn't use Paypal. Whereas bitcoin going down would hurt some prominent Americans. The more Bitcoin participates in the real economy, the more untouchable it gets... Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: Kouye on June 03, 2013, 11:58:10 PM This is nothing new.
They're scared, obviously. Quote Some bankers have expressed worries that newer players in the online marketplace could have negative implications for the financial system. Hahaha! :DOnce we all begin using BTC instead of just trying to convert them to $, they won't be scared anymore. They'll just have to admit that their time is over. Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: TheFootMan on July 23, 2013, 11:35:23 PM The real criminals and terrorists are the officials Quoted for truth.Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: BitTrade on July 24, 2013, 12:47:35 AM They are studying the effects of the 2 biggest things they don't fully control on the one thing they do fully control, to see if it's necessary to call their control agents (politicians) to get more control.
Title: Re: Federal Reserve studying effect of Paypal and Bitcoin on banking Post by: franky1 on July 24, 2013, 01:58:07 AM just use the governments own statistics against them.
in the last 4 years, millions upon millions of dollars have been seized in relation to drug offences.. in the same time............. 11btc have been seized |