Bitcoin Forum

Economy => Economics => Topic started by: yomofo on January 09, 2014, 01:39:48 PM



Title: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: yomofo on January 09, 2014, 01:39:48 PM
http://www.wired.com/wiredenterprise/2014/01/stampact/

is this something we have overlooked?

discuss


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: farlack on January 09, 2014, 02:41:49 PM
Not a check, note, or token. I see no issue IMO. Besides we transfer, not issue :)


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: Akka on January 09, 2014, 02:45:56 PM
http://www.wired.com/wiredenterprise/2014/01/stampact/

is this something we have overlooked?

discuss

That would be ridicolous.

Besides, I don't think Bitcoin was designed to fit into the current system anyway.

Laws and Regulations need to be designed to work with new technologies, not the other way around. If everything new needs to fit in the current system we won't have any progress anymore.


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: johnyj on January 09, 2014, 04:22:38 PM
No, since bitcoin are generated in blocks, one block include 25 coins, which worth much much higher than $1


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: Kungfucheez on January 09, 2014, 06:57:22 PM
Wasn't there just a thread on this same topic yesterday??


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: skivrmt on January 12, 2014, 02:16:37 AM
Wasn't there just a thread on this same topic yesterday??

Yes, and many responses.

Short answer is no.  If US wants to ban BTC, it won't be via this.  It will be something along the lines regulation, taxation, laundering. 


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: notig on January 12, 2014, 02:20:49 AM
doesn't that law essentially make poker chips illegal? Poker chips are tokens that are worth less than a dollar


Title: Re: could the Stamp Payments Act of 1862 make bitcoin ILLEGAL in America?
Post by: solex on January 12, 2014, 02:27:31 AM
What's a freaking stamp anyway??