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Title: Straight from the horses mouth... Post by: CoinRocka on February 28, 2014, 12:38:49 AM Federal Reserve Chair Janet Yellen told senators Thursday that the central bank can't regulate troubled digital currency Bitcoin because it operates outside the banking system.
"I think it's important to understand that this is a payment innovation that's taking place entirely outside the banking industry," Yellen told Sen. Joe Manchin, D-WV. "The Federal Reserve simply does not have the authority to supervise or regulate Bitcoin in any way." #1 CoinRocka #1 Title: Re: Straight from the horses mouth... Post by: DarwinNexus on February 28, 2014, 12:41:14 AM Unfortunately, authority over a domain is not static and can therefore change.
That is why people worry about regulation. Title: Re: Straight from the horses mouth... Post by: Coins4life on February 28, 2014, 12:48:11 AM Unfortunately, authority over a domain is not static and can therefore change. That is why people worry about regulation. +1 all we can do is have faith Title: Re: Straight from the horses mouth... Post by: AnonyMint on February 28, 2014, 12:52:25 AM The Fed doesn't have an implementing power yet, but the NSA+G20 are saving everything and preparing the necessary powers (https://bitcointalk.org/index.php?topic=491181.0).
Don't drink this Koolaid delusion of the Bitards. Title: Re: Straight from the horses mouth... Post by: Bit_Happy on February 28, 2014, 02:11:30 AM This is the link for the OP
http://www.usatoday.com/story/money/business/2014/02/27/yellen-bitcoin-senate-testimony/5872039 Yellen: Fed can't regulate Bitcoin Title: Re: Straight from the horses mouth... Post by: bomb7 on February 28, 2014, 02:16:10 AM That`s the federal reserve, not the government.
Title: Re: Straight from the horses mouth... Post by: Singlebyte on February 28, 2014, 02:19:48 AM That`s the federal reserve, not the government. Funny how some people think the federal reserve is a government agency! Title: Re: Straight from the horses mouth... Post by: Vitamin on February 28, 2014, 02:21:12 AM That`s the federal reserve, not the government. How dare you point out facts, you Bitard! Title: Re: Straight from the horses mouth... Post by: fluxcap on February 28, 2014, 02:36:22 AM They can shut it down for sure. I don't see how they could possibly regulate it. Straight from a bitards mouth.
Title: Re: Straight from the horses mouth... Post by: Vitamin on February 28, 2014, 03:17:41 AM That`s the federal reserve, not the government. Funny how some people think the federal reserve is a government agency! Anyone who actually knows what the Federal Reserve System is knows that it is only a quasi-government agency made up of a collection of private American Banks. So when the Chairwoman tells Congress that the Fed doesn't have the authority to regulate Bitcoin out of practice she is acknowledging that Congress has not given banks the authority to deny doing business with Bitcoin businesses as it is not the currency of just one individual or a state. Title: Re: Straight from the horses mouth... Post by: AnonyMint on February 28, 2014, 03:22:00 AM Why would that cabal of private banks want to stop what is working so well for their (https://bitcointalk.org/index.php?topic=491181.0) planned NWO currency future.
They (via their DEEP STATE (https://bitcointalk.org/index.php?topic=455141.msg5347903#msg5347903) and NSA) appear to have designed Bitcoin this way (https://bitcointalk.org/index.php?topic=488682.0). You really don't think "Satoshi" was our friend? Title: Re: Straight from the horses mouth... Post by: Searing on February 28, 2014, 06:26:57 AM Why would that cabal of private banks want to stop what is working so well for their (https://bitcointalk.org/index.php?topic=491181.0) planned NWO currency future. They (via their DEEP STATE (https://bitcointalk.org/index.php?topic=455141.msg5347903#msg5347903) and NSA) appear to have designed Bitcoin this way (https://bitcointalk.org/index.php?topic=488682.0). You really don't think "Satoshi" was our friend? man i want your life/mind .....so simple...everything so DARK but yet so clear..a paradox! :) imho unlikely Searing Title: Re: Straight from the horses mouth... Post by: zeetubes on February 28, 2014, 06:39:23 AM Why would that cabal of private banks want to stop what is working so well for their (https://bitcointalk.org/index.php?topic=491181.0) planned NWO currency future. They (via their DEEP STATE (https://bitcointalk.org/index.php?topic=455141.msg5347903#msg5347903) and NSA) appear to have designed Bitcoin this way (https://bitcointalk.org/index.php?topic=488682.0). You really don't think "Satoshi" was our friend? Why would anyone give a flying fuck what a bunch of nerdy fags at the NSGAY does? Apart from the fact that they're snooping on everyone's private data, so FUCKING what? Surely you would also have to be a little femme to worry about it. Title: Re: Straight from the horses mouth... Post by: Swordsoffreedom on February 28, 2014, 06:42:40 AM Lip service doesn't cut it what you need to look for is what is going on behind the closed curtain ;)
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