Bitcoin Forum

Bitcoin => Press => Topic started by: zeroday on August 16, 2013, 10:33:13 AM



Title: 2013-08-13 NYTIMES - New York and U.S. Open Investigations Into Bitcoins
Post by: zeroday on August 16, 2013, 10:33:13 AM
http://dealbook.nytimes.com/2013/08/13/officials-broaden-inquiries-into-oversight-of-bitcoin-and-other-currencies/?_r=0

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State and federal officials are starting broad investigations into shortcomings in the oversight of upstart virtual currencies like bitcoin.

The Senate’s committee on homeland security sent a letter this week to the major financial regulators and law enforcement agencies asking about the “threats and risks related to virtual currency.” These currencies, whose popularity has grown in recent years, are often used in online transactions that are not monitored by traditional financial institutions.

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Benjamin M. Lawsky of New York sent subpoenas to 22 companies that have had some links to bitcoin.

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Mr. Lawsky’s office sent subpoenas to most of the companies that have publicly discussed investing in bitcoin or creating software that would allow for the transfer and exchange of bitcoins.

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Lawmakers are worried that bitcoin and other alternative forms of money can be used to evade taxes, defraud investors and assist trade in illegal products like drugs and pornography.
Bla bla bla....


Title: Re: 2013-08-13 NYTIMES - New York and U.S. Open Investigations Into Bitcoins
Post by: Lethn on August 16, 2013, 11:28:39 AM
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Bitcoin, the most well-known digital currency, was started by anonymous Japanese computer programmers in 2009

LOL! What a bunch of fucking morons! :D

It's going to be handled just like how they handled Bittorrent I feel, a few blockades here and there by ISPs which will be easily circumvented by a proxy in about five seconds.


Title: Re: 2013-08-13 NYTIMES - New York and U.S. Open Investigations Into Bitcoins
Post by: TraderTimm on August 16, 2013, 04:54:02 PM
I think we need to prepare, because the hammer might be a bit bigger than just a few packetshapers and policy changes.

Seriously, the mining pools need to be on meshnets, even if we have to use the commercial internet as temporary bridges to others.