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21  Other / Beginners & Help / Re: Is bitcoin legal? Not according to U.S. government on: June 17, 2011, 01:33:44 AM
What are Disney Dollars?
 
      Disney Dollars are a form of corporate scrip or tokens or currency used at Disney theme parks, the Disney Store, and at one time certain parts of Castaway Cay, the Disney cruise-line's private island. It is worth dollar for dollar.  Being backed up by real money...

-DisneyDollars.net


So n00b, what's the difference?

The differences are many.  There's no discoin/usd exchange, people aren't creating Disney coins to literally make money.  People don't speculate in Disney coins (except maybe you) and they don't buy things on the internet with them to name a few.   signed the n00b.
22  Other / Beginners & Help / Re: Is bitcoin legal? Not according to U.S. government on: June 16, 2011, 11:56:58 PM


Article I, section 8, clause 5 of the United States Constitution delegates to Congress the power to coin money and to regulate the value thereof. This power was delegated to Congress in order to establish and preserve a uniform standard of value and to insure a singular monetary system for all purchases and debts in the United States, public and private. Along with the power to coin money, Congress has the concurrent power to restrain the circulation of money which is not issued under its own authority in order to protect and preserve the constitutional currency for the benefit of all citizens of the nation. It is a violation of federal law for individuals, such as von NotHaus, or organizations, such as NORFED, to create private coin or currency systems to compete with the official coinage and currency of the United States.


This is a specific referrence to the power to create legal tender.  Bitcoin isn't legal tender anywhere in the world, and the legal right to create a private currency within the United States is well established provided that it could not rationally be confused with legal tender.  The Ithica Hour is a wonderful example.

I'll check that out. Thanks!
23  Other / Beginners & Help / Re: Is bitcoin legal? Not according to U.S. government on: June 16, 2011, 11:51:00 PM
it will be years before the U.S. government will even understand how bitcoin works.

You might be right there.
24  Other / Beginners & Help / Re: Is bitcoin legal? Not according to U.S. government on: June 16, 2011, 11:07:12 PM
bitcoins are a Japanese currency, therefore, not illegal in America.
  Yeah, I'm sure that will convince them!
25  Other / Beginners & Help / Re: Is bitcoin legal? Not according to U.S. government on: June 16, 2011, 11:02:20 PM
No, Nothing's happened yet, but it might in the future.  I'm not worried about myself, but it will effect the viability of bitcoins and their marketability.  The Feds love to let these type of things roll along, let people get invested, and then shut em down.  They might not be able to stop bitcoin, but they will be able to shut down websites if they want to, which could make things very difficult I think.  Another thing don't think the Feds won't consider this a threat, all they've got is their money. Without it they're toast. 
26  Other / Beginners & Help / Is bitcoin legal? Not according to U.S. government on: June 16, 2011, 10:43:57 PM
Don't get me wrong, I'm very excited about bitcoin, but I think the Feds are not going to be happy.  If somebody there is knowledgable about this, and thinks I'm wrong let me know.  If they'll lock a guy up for making silver coins, I don't think they're going to be very accomodating to bitcoin. The Feds move slow, but when they move watch out!  Can bitcoin survive regardless?  I hope so. 


http://investmentwatchblog.com/nc-man-convicted-for-making-selling-own-silver-coins/

Article I, section 8, clause 5 of the United States Constitution delegates to Congress the power to coin money and to regulate the value thereof. This power was delegated to Congress in order to establish and preserve a uniform standard of value and to insure a singular monetary system for all purchases and debts in the United States, public and private. Along with the power to coin money, Congress has the concurrent power to restrain the circulation of money which is not issued under its own authority in order to protect and preserve the constitutional currency for the benefit of all citizens of the nation. It is a violation of federal law for individuals, such as von NotHaus, or organizations, such as NORFED, to create private coin or currency systems to compete with the official coinage and currency of the United States.

27  Other / Beginners & Help / Re: first Post What is the connections and blocks at bottom wallet? on: June 16, 2011, 10:18:59 PM
Hey, I know as much as you do.  The blocks are the bitcoin miners I think.  The connections I'm now down to two and don't know what they are.  I still have no coin but am working on it.
28  Other / Beginners & Help / first Post What is the connections and blocks at bottom wallet? on: June 15, 2011, 08:08:21 PM
Hi Everybody. Wow, is this interesting!  My first stupid question of many is the ever increasing blocks number at the bottom of my wallet and the 8 connections  What is all that? and why is the number always increasing and does it mean I'm connected to some network each time I pull up my wallet? (that has no bitcoin in it)  Also I can't get any bitcoin from the faucet since it's down. bummer
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