Why don't you ask one of these family members if drug cartels and money laundering used to support their activities are "victimless" crime. in Mexico alone "more than 60,000 people were killed in drug-related violence from 2006 to 2012, according to Human Rights Watch." http://www.cnn.com/2013/03/27/world/americas/mexico-violence |
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Makes no sense at all. We need more regulation so we can start requiring warning labels on Bitcoin for idiots?
DaFockBro, I didn't say it made sense. That is just how it works in America. |
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Please take 30 minutes to view this video. http://www.youtube.com/watch?v=zhIZd9b2-QsPublished on Feb 12, 2014 Cryptocurrencies: The New Coin of the Realm? The State of Play In 2009, the mysterious and pseudonymous Satoshi Nakamoto launched Bitcoin, the world's first online cryptocurrency. Backed by no government or hard assets, the currency's value has skyrocketed and plunged repeatedly. And yet, a diverse group of entrepreneurs, businesses and would-be money launders has followed Bitcoin's trajectory avidly. The receptivity indicates a real demand for an Internet-centric medium of exchange, without banks and without fees. Yet the rise of "criminal eBays" like the Silk Road, which allow for the anonymous purchase of illegal items with the cryptocurrency, have also brought the digital cash to the attention of government authorities. Beyond monitoring illicit activity, should regulators have a role in this new financial system? Could Bitcoin-or another cryptocurrency-become a universal alternative currency? Will we ever be able to use a cryptocurrency at our local bodega? Benjamin M. Lawsky Superintendent of Financial Services, New York State Department of Financial Services @BenLawsky |
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If you lost money in "MyBitcoin.com, Bitcoinica.com, BitcoinSavings and Trust, GLBSE, inputs.io" it was your own fault for taking risks with your coins.
I agree 100% and if you were up on this topic you would know that part of Lawsky's regulation will probably included requirements that Bitcoin businesses inform consumers that Bitcoin is highly speculative and highly volatile. That is great consumer protection. You can do want you want with your money. We are just warning you that you should understand that you are putting your money at risk. |
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FUD
Decentralized, digital currency is here to stay.
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The hope is the BitLicense will provide this regulatory clarity to allow competent, compliant virtual currency business to operate legally in the US.
By the way you don't need a petition to communicate with the New York Regulators. Commissioner Lawsky spoke at a conference on Tuesday and has invited public comment even saying he gets a lot of feedback from twitter.
Hopefully. I've requested a meeting with him so hopefully he will accept. If not then a detailed letter signed by a couple hundred people may at least be read. Twitter is okay but not exactly the level of engagement I'd prefer to discuss something so important and complex. I think the hearings were lacking in the representation of those who speak about the drawbacks of regulation. I know one goal might be to have compliant and competent firms operate in the US but the effect could be that it drives away competition and the only operators end up being those who can deal with a mountain of regulations. Bruce, Competition is already being driven out of the US because of the lack of regulatory clairity. See China, Panama, Singapore, Canada etc. The US has 44 years of consistently updated laws and regulation regarding anti-money laundering and Knowing Your Customer so there is no way a pseudonymous currency will be allow to thrived unchecked. The US States regulate financial institutions for safety and soundness and consumer protection. Look at MyBitcoin.com, Bitcoinica.com, BitcoinSavings and Trust, GLBSE, inputs.io. The short history of bitcoin is littered with massive fraud and operator incompetence. There is no way a $8B + USD economy is going to go unregulated. The conversation is not NO regulation. The conversation has to be about prudent regulation. And Lawsky has shown in his public statements and these hearings that he wants input from the community to keep illicit activity out of the us financial system and to protect consumers from fraud and incompetence while creating a framework that will allow this new technology to thrive in the New York. |
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Complete conference is here: http://newamerica.net/events/2014/new_coin_of_the_realmBarry Silbert's panel is below: http://youtu.be/xsN1SoM8ASYPublished on Feb 12, 2014 Cryptocurrencies: The New Coin of the Realm? Let's Get Real: Will You Ever Use Bitcoin at Walmart? In 2009, the mysterious and pseudonymous Satoshi Nakamoto launched Bitcoin, the world's first online cryptocurrency. Backed by no government or hard assets, the currency's value has skyrocketed and plunged repeatedly. And yet, a diverse group of entrepreneurs, businesses and would-be money launders has followed Bitcoin's trajectory avidly. The receptivity indicates a real demand for an Internet-centric medium of exchange, without banks and without fees. Yet the rise of "criminal eBays" like the Silk Road, which allow for the anonymous purchase of illegal items with the cryptocurrency, have also brought the digital cash to the attention of government authorities. Beyond monitoring illicit activity, should regulators have a role in this new financial system? Could Bitcoin-or another cryptocurrency-become a universal alternative currency? Will we ever be able to use a cryptocurrency at our local bodega? Participants Jim Harper Director of Information Policy Studies, Cato Institute Member of the Bitcoin Foundation @Jim_Harper Constance Choi General Counsel, Payward Inc. (Kraken Exchange) Secretariat, DATA (Digital Asset Transfer Authority) Jerry Brito Senior Research Fellow, Mercatus Center, George Mason University @jerrybrito Barry Silbert Founder, Bitcoin Investment Trust Founder & CEO, SecondMarket, Inc. @barrysilbert Moderator: Katherine Mangu-Ward Managing Editor, Reason Future Tense fellow, New America Foundation @kmanguward |
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http://www.youtube.com/watch?v=pIFoSYZIUGwIn 2009, the mysterious and pseudonymous Satoshi Nakamoto launched Bitcoin, the world's first online cryptocurrency. Backed by no government or hard assets, the currency's value has skyrocketed and plunged repeatedly. And yet, a diverse group of entrepreneurs, businesses and would-be money launders has followed Bitcoin's trajectory avidly. The receptivity indicates a real demand for an Internet-centric medium of exchange, without banks and without fees. Yet the rise of "criminal eBays" like the Silk Road, which allow for the anonymous purchase of illegal items with the cryptocurrency, have also brought the digital cash to the attention of government authorities. Beyond monitoring illicit activity, should regulators have a role in this new financial system? Could Bitcoin-or another cryptocurrency-become a universal alternative currency? Will we ever be able to use a cryptocurrency at our local bodega? Participants Miles Kimball Professor of Economics, University of Michigan @mileskimball Justin Wolfers Senior Fellow, Brookings Professor of economics and public policy, University of Michigan @JustinWolfers Moderator: Matt Yglesias Business and Economics Correspondent, Slate @mattyglesias http://newamerica.net/events/2014/new_coin_of_the_realm
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Somebody somewhere wants to license bits ...
Wil-E coyote moment as they look down and realise just how far out over the cliff they have gone?
The widepsread monetary insanity and confusion has no limits it seems.
The real insanity is people in our own industry emphatically saying "I want regulation" and when pressed for an answer why they reply "because it's coming anyway" The top 5 bitcoin exchanges are located outside of the United States. You can not currently "legally" operate a virtual currency exchange in the United States with out clear regulatory guidance. We don't need "regluation." We need clarity. The hope is the BitLicense will provide this regulatory clarity to allow competent, compliant virtual currency business to operate legally in the US. By the way you don't need a petition to communicate with the New York Regulators. Commissioner Lawsky spoke at a conference on Tuesday and has invited public comment even saying he gets a lot of feedback from twitter. @BenLawsky @NYDFS Here are his remarks from that event: http://www.dfs.ny.gov/about/speeches_testimony/sp140212.htmHe is the video that includes answers to questions: http://youtu.be/zhIZd9b2-QsThe whole conference is here http://newamerica.net/events/2014/new_coin_of_the_realm |
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is your transaction a phishing attempt?
I did not make a transaction. If you click on the link (it is a google url shortened link) I believe it takes you to a fake coinbase site where once you log in the attacker captures your credentials and if you do not have 2FA enabled your account is compromised. |
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A link to your CV or bio at Manchester Business School
A link to your linked in account
your participants may choose to be anonymous. You should not be if you expect participants to freely share info with you.
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Prudent state regulation it the next necessary step in the evolution of decentralized virtual currency.
+1 for a New York BitLicense.
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Why did you spend $350,000 if you're not even sure if they're able to handle the project?
And why did you take this decision while being as shady as possible? I understand if you don't give a shit about my opinion (hence, I won't give it), but I'm pretty baffled that the staff & donators were not in the loop. I don't think "staff" and "donators" received a terms of service when they received their positions or make their donations. If someone did I would certainly like to read those terms. I certainly didn't make my contribution with any stings attached. Theymos is free to do what he wants with my contribution as far as I'm concerned. |
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True, but some people don't speak legalese nor do they want to spend an hour reading it. There is no reason to read articles about the court documents when you can read the court documents directly: They are not written in legalese and they are fairly short -- not much longer than that article you linked to. Every time there has been an arrest (DPR, Shrem, LBC traders) people say they don't speak legalese or some BS so they didn't read the actual criminal complaint. These complaints are written at a ~8th grade reading comprehension level. Lot of 7th Graders on this forum. |
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