Seems to fit the Legal discussion thread along with the Bitcoin Discussion thread http://www.ahametals.com/judge-shoots-bitcoin-isnt-money-argument-silk-road-trial/http://www.pymnts.com/news/2014/bitcoin-is-money-says-silk-road-trial-judge/#.U8Bg7rGTEvI51 Page Court Order http://www.scribd.com/doc/233234104/Forrest-Denial-of-Defense-Motion-in-Silk-Road-CaseThe judge in the Silk Road trial has struck down the “Bitcoin isn’t money, and without money their can be no money laundering” defense that shut-down bitcoin-based black market was attempting to employ. The judge also threw out the argument that Ross Ulbricht, the 30-year-old alleged creator of the Silk Road who currently is facing charges of money laundering, drug-trafficking and being a criminal “kingpin,” was merely the innocent creator of a website that others then used to sell lots and lots of drugs. “Silk Road was specifically and intentionally designed for the purpose of facilitating unlawful transactions,” trial judge Katherine Forres in her 51-page order. “Ulbricht is alleged to have knowingly and intentionally constructed and operated an expansive black market for selling and purchasing narcotics and malicious software and for laundering money. This separates Ulbricht’s alleged conduct from the mass of others whose websites may—without their planning or expectation—be used for unlawful purposes.” So I'm wondering, what part of the legal defense did the judge shut down? The "Bitcoin isn't money" or "without money their can be no money laundering?" What legal ramifications are there (if they've been used before) with that aspect? I know the government classifies Bitcoin as an asset and not money, but the "shutting down" of the defense would suggest that it is money. This is old, I know, but has there been any further clarification for this? |
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So I'm not an advanced user, though I do have some experience with the US government red tape/regulations. The way I see it, according to your assertions, is yes the government could use this via the ISPs to throttle the BTC/crypto traffic. But if they do they could be liable to lawsuits. It would take a lot of data and a(or more) stubborn plaintiff along with a good lawyer to pull off a good case. I really don't see it happening that way truthfully. On the flip side this could also be used to help the traffic, possibly help stabilize the network in the US for the blockchain traffic. We would really have to see what the outcome is and pay attention to what people report in the US, especially the companies trying to start mining farms in the US.
Then the question remains, how major would that impact be to the whole network? Assuming it takes a shit ton of money to redirect only Blockchain traffic to such 'information highways'; would it be worth it? Could we possibly see a Bitcoin Backed ISP that only caters to crypto tech?I could see a Bitcoin Backed ISP that caters to crypto tech specifically coming about in the US. I don't know if the ISPs that are out there are thinking of that yet and it is an interesting concept for an ISP to go that route. I would like to see that come around, might make things easier  |
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My personal opinion is to hodl with what you got, and acquire more if possible. BTC will go below $10k, great opportunity to get in cheap. It will rebound like in the past. Of course, depending on your own personal financial position, you make your own decision on what to do with your money.
This advice is good only if the person is a believer in the technology behind BTC. no matter what, for that person, BTC1 will always be BTC1. Having that said, if a person is only here for fiat gains, then I would advice them to get out and find a more stable investment. There is nothing for them here. BTC hodlers are a different class of investor. The type thats borderline insane lol. I agree 1 BTC is 1 BTC to those that believe in the technology behind BTC and the financial disruptions that it could bring about. I also agree that those that are here just for the fiat conversion should find other ways to invest. I would think that those that are here are believers in the technology behing BTC, but sadly I know not everyone here on the forums are.  |
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Ministry of National Defence of the Republic of Korea announced on Monday that it is considering various regulatory measures against cryptocurrency as it could harm soldiers' morale. This is reported by The Korea Times. Starting Monday, the ministry began blocking access to online cryptocurrency trading systems at internet cafes on military bases. Read more: https://hype.codes/korea-blocks-access-crypto-trading-soldiers
What are your predictions about upcoming regulation in South Korea?And meanwhile US is making a program full based on cryptocurrencies for the soldiers training… It is called Army Coin, was launched on July, 29th, 2017, and intends to use blockchain technology to create a platform where they can use a self-created cryptocurrency built over BTC… So US army is creating its own coin, the “Army Coin”. Maybe Korea is just having the same idea… You can read about “Army coin” here: https://medium.com/@NODEfather/army-coin-the-us-army-blockchain-80ea8996194fThe Armycoin is not affiliated with the US Army or US government. If you go to the link for the site Armycoin.org it states that clearly that the Armycoin is not affiliated with the US Army. |
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The speculation is pretty straightforward in my book. The federal government tries to pull strings and manages to identify Blockchain based business and slow down their networks, or worse, slam them shut altogether.
Despite US seeing Bitcoin as a legally taxable asset (classified as a property) they have from time to time tried to denounce us - the bitcoin community and also denounced blockchain as a useful tech solution.
Am I reading too much between the lines? Is this just a wild paranoid speculation? Is this Bitlicence V 2.0 ?
What would the more advanced users from the community say about this? Can the US government use Net Neutrality to halt the progress of Bitcoin in US? Can they identify blockchain based traffic and essentially slow them down?
OR
Could this be used for the betterment of the Bitcoin network? The whole premise is getting to "pay" ISP to upgrade our virtual sidewalks into stateside highways. Money has never been the problem in Crypto-world, so could we do that? Pay to speed up Blockchain based traffic?
If we did that, what significant difference would it make on the network?
So I'm not an advanced user, though I do have some experience with the US government red tape/regulations. The way I see it, according to your assertions, is yes the government could use this via the ISPs to throttle the BTC/crypto traffic. But if they do they could be liable to lawsuits. It would take a lot of data and a(or more) stubborn plaintiff along with a good lawyer to pull off a good case. I really don't see it happening that way truthfully. On the flip side this could also be used to help the traffic, possibly help stabilize the network in the US for the blockchain traffic. We would really have to see what the outcome is and pay attention to what people report in the US, especially the companies trying to start mining farms in the US. |
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My personal opinion is to hodl with what you got, and acquire more if possible. BTC will go below $10k, great opportunity to get in cheap. It will rebound like in the past. Of course, depending on your own personal financial position, you make your own decision on what to do with your money.
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Here in our country bitcoin are good in many ways like if we transact our money to some country because our family member work abroad and also to save our money,here in our country also bitcoin wallet is already have exchanger in our own money so that's the conveniece that can bitcoin brings,Moreover i think in the future we can call it digital money call butcoin as international money.
What country is this? |
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Where in world are people actually using BTC for purchase vs rest of us who invest and trade.
i know there are small business in USA like coffee shops for now
also know in Venezuela since their currency crashed people buying things amongst each other using BTC
where else in world is it being used as a currency?
It's not just small coffee shops/small businesses in the US that are accepting BTC. Online/e-commerce sites like overstock.com, newegg.com, cheapair.com, and expedia.com (for hotels only atm) are accepting BTC for payment options. I do believe that companies in several countries in Europe are also accepting BTC, though I cannot say that definitely. |
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Well I suppose before I switch banks. I should ask the new bank if they can do a wire transfer to crypto related organizations first.
If you use Coinbase, just look at the sell feature where it says add new account. There is list of banks that are friendly to Coinbase. You should be able to choose which bank you want to go to, call them up to confirm, and then switch accounts. |
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Anon coins aren't used that much by the majority of sheeple due to the lack of knowledge. Most of the people using anon coins are those that either have a need to do so for business reasons or are people that don't trust their governments. The rest of the sheeple that have come in this year are in just as a way to invest and view cryptos as an investment rather than currencies, the way they were supposed to be. Of course with Bitcoin being the most widely recognized coin out there that is what people are flocking to. I do believe that 2018 will see a different course of action, though there will be more coming in as well so will flock to what is well known.
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If I remember right, top shareholders of many defense corporations like lockheed martin are composed primarily of wall street and financial groups. They design and build vastly inferior products which are selected by the armed forces for mass production due to lobbying of political figures rather than reliable, competent or proven defense concepts.
The reason its tough to get into the defense industry is, military contracts are handed out to those who funnel the most money into congress and the senate rather than who produces the best design or technology.
Unfortunately that's pretty much how the government contracting system works for the US military industrial complex. Thanks to WWII, where this started, things have gone in a downward spiral of corrupt contracts and red tape acquisition. Things need to change with the way the government does things. |
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Verified using Electrum 3.0.3. Well I'll put my address here for now: 1HpKnRtePdMVKHLDF8ViEpq924ZtDfQBEq |
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This is good. Hopefully they are able to expand the site to be inclusive of lawyers that are versed in crypto and can help out by state for the startups and individuals that would need their help. At least someone is coming out with this to keep people in the US updated with all the changes.
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Do you think that there will be an actual white paper for the petro? With it being centralized by a government, and as governments go, they're not exactly completely open with how they conduct business. They would say it has to do with security or some such. I seriously doubt they'll put out a white paper. I don't know how well the community will back this either.
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Yes women are underrepresented due to the fact that there are few women in the stem fields to begin with. Since cryptocurrencies are within the stem field the statement would be a "duh" factor. When it comes to technology women are underrepresented throughout history. If more women get in stem through their formative years they would be more engaged in stem fields.
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What time can we expect our payment for this round sir? Or it is our 2nd week round now?
It's a 2 week round and we're likely going to stick with that. With current transaction fees, bi-weekly rounds provide considerable advantages for everyone. They reduce transaction costs during payrounds, as well as once the payment is spent (less, but higher inputs -> smaller transaction sizes). Thank you for the update Lutpin |
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Let us all bury fiat money then. What is fiat money after all? It is nothing more than just a piece of worthless paper. Or perhaps let us also bury gold and silver? What is gold or silver? They are just tiny stones mined from muddy mountains or under dirt. You know what, everything that has value in this mad world is agreed upon. Your bills and coins will give you food to eat, a car to drive, and a home to shelter you. But what is that really? They are simply human creations out worthless materials that began to acquire value because everybody agreed to.
Value is something that has practical utility, be it: legal claim that grants rights to tangible goods and services or tangible goods and services. Numbers on the internet are no such things. Crypto is neither a legal claim nor something tangible. It's just an empty number, a numerical value. If you give your iPhone to someone and as a result some number has been modified this won't make this number practically useful. If no legally enforceable claim exists that is represented with this number, than this is the same as throwing away your iPhone. So you keep talking about legality, I take it cryptos aren't legal where you are at. In the U.S., where the dollar is used/made, cryptos are legal. So, just like a bank note, the law does allow for the trade of cryptocurrency for goods and services. People are getting paid in Bitcoin, you can trade/buy things with cryptocurrencies at/from U.S. companies. So, just like the fiat world, cryptocurrencies are being used as currencies. It's just that the ledger is on an open source blockchain instead of being behind closed doors of the banks. Get more educated on what cryptocurrencies are and how they're used instead of putting fud out there. Why are you here otherwise? |
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Yes, but as it'll be a while until all Bitcoins are created we can, hopefully, see some improvements to electricity consumption. We could also see more work on the POW code base for Bitcoin by that time as well.
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Exposing crypto currencies as ponzi schemes and showing that they never had nor ever will have anything to do with money is an incredibly easy task to do. All one needs to do is to look at one simple concept -the concept of number. A number is defined as a mathematical object used to count, measure, or label things. Now, given this concept let us ask one simple question: What 'thing', is measured, counted, or labeled, with the number called bitcoin? .... the rest you can watch in this short Youtube video: https://youtu.be/gcNngl8fCUYAnd what is money? It only recognizes papers as a value. Why BTC can not be money. It's a contractual issue. Depends on demand and supply ... In a banking system all money comes from debt. So when new money, dollars for e.g., are created, in the same time, some individual, company, or organization became legally obligated to pay these dollars back. That's the nature of debt - it must be paid. In other words, every dollar that is currently in circulation, must eventually be returned to FED or commercial banks. That means that those who received dollar loans and put dollars into circulation are forced to get these dollars back by selling their goods or services to people who have dollars. Otherwise they will fail to make necessary loan payments and as a result they will be taken to court and the banks will seize their property. So due to the fact that dollars come from debt and debt must be paid, people who have dollars do not have just a piece of paper with some numbers on it, but instead, they have legally enforceable rights to goods or services of people who received the loans. Dollar is therefore a property, which is by definition a resource with real or intrinsic value.Regarding cryptocurrencies, since they didn't originated from debt, nobody is legally obligated to use them to repay the debt, which is why cryptocurrency holders have nothing but mere numbers. And if a situation occurs where nobody wants to accept cryptocurrencies in exchange for goods and services, no legally enforceable right exist upon which they can get some kind of value out of them. Hence, all that these people have is hope and faith that someone will exchange their numbers for something useful. You clearly understand the fiat banking system, based on debt. This is why cryptocurrencies and blockchains are so revolutionary, they don't revolve around debt. You should continue the research with an unbiased viewpoint to actually see what the potential is and get out of your slave wage mentality. If you don't want to do that, you're just trying to rank up to spam more on this forum. |
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No not WSOP is going ICO but we will organize 2 online tournaments for pre ICO and ICO investors for our token and we will add up to 150 WSOP 2018 main event packages.
We are a new crypto poker site and this will be one of our major welcome gifts
OK, thanks for the clarification. Still would like to see what you have available. Do you have an ANN page yet on the Alt page? Do you have a site up yet that we can check out? |
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