Bitcoin Forum

OK, he did not quite say that, exactly...  <chuckle>

URL: http://www.bloomberg.com/news/2013-11-18/u-s-agencies-to-say-bitcoins-offer-legitimate-benefits.html


Looking forward to attending the DC hearings in person tomorrow!

Anyone else going to be there?

Ben is Satoshi!  :D

Figures he'd be in the last place you'd look.

I was surprised with Mr. Bernanke's remarks.

Can't wait for bitcoin to bring an end to his cartel.

I am baffled.  That should push the coin to $800.  I was hoping for something more negative so I could buy more.

Jeff that is super exciting. Is it possible to record it? Put it online?

BTW: I've got to say it's awfully tempting to think that Ben Bernanke's comments might mean the government might be looking to GIVE him the authority to supervise or regulate. :-)

Not that I really mind so much (a little, just a little).

oh really , not quite ... :D

I'm not all that surprised really.
There has been other indications of this attitude before.

The primary focus of the US government is after all to provide for private capital in any way possible.
And the capitalists them self should be fine with the "Every man is a tax heaven" property of bitcoin.


I refuse to believe that the Chinese government will not go for full control though

Wow, this is amazing  ;D

I cant stop wondering if Bernanke is simply flattered by the fact that the blockchain contains a ascii portrait of himself

Who says they didn't create it?

It has crossed my mind  ;D

No, he is not flattered by it; he put it there because he IS Satoshi  ;D

Seriously though, I can't remember where I read about it but I seem to remember reading about NSA saying to congress that they were not looking to crack down on bitcoin and that they should stop going after it. Something along those lines.

That of course leads me back to what I have always wondered,
is the Koblitz curves left out of the list of NSA approved cryptography because they have found a way to break it, or is it because they haven't found a way to break it?

Of course the Fed do not have the authority to regulate crypto. They are a private company, not a government department. they follow the legislation that was written to allow them to exist even though central banks are unconstitutional by nature.

This is not to say that the government will not regulate.

Many people do not realise the federal reserve is a private company, I would have thought most here would realise that.

I laughed so hard, it actualy hurt me a little and I was dizzy.

Yea this is really hard to understand for pretty much the rest of the world

LOL basically he said Fed is doing nothing to virtual currencies. Just like they can't do anything to other countries currencies other than USD.

Move along nothing to see here......

Forgive me for not jumping aboard the Ben-cheering bandwagon but I read this as:

The federal reserve doesn't have enough powers to supervise and regulate Bitcoin, so I would like the Senate to legislate in order that we can.

Not having enough authority never stopped them before...

Don't be fooled. They are a government shill company, not a "private" company. They are owned by, crowd-funded by, directed by, regulated by, monitored by and answer to, the US government.

Also, I'm /very/ skeptical of his seemingly neutral stance. Usually when the government takes such a stance, it's not to be trusted. (source: history)

No, they are owned by the Rothschilds like every other bank (and government) in the world, bar a small few.

The Rothschilds are not american. They do not care about America, America does not benefit from the federal reserve. This is the same for nearly every country in the world.

America became great after the war for independence and the constitution having room for multiple competing currencies...

100 years ago when the federal reserve act was signed was when it all started to reverse.

This is why crypto currency is so terrific. It could save america and all the other countries that are quietly accepting the deplorable ponzie scheme that is central banking and fractional lending.

As long as the US deems it acceptable.

from dubai huh? so i am not surprised to read such nazi-conspiracy shit from you.

So are you saying "they" are buying up the coins and hence will control bitcoin?  ;D ;D ;D

Where's my tinfoil hat

You'd be right, except for the fact that you have the relationship exactly upside-down.

I LOVE BEN BERNANEK