FinCEN Conducting 'Examinations' of Digital Currency Businesses

[spartak_t]

They can ban exchanges.  But 'mining'?  What do they care if I use my hardware for mining.  It's none of their business.

Mining what? Some cryptocurrency just for fun? Seems like serious things are probably about to happen, so the question now is not if we will be free to mine whatever we can, but if cryptocurrencies will exist in the way they are now.

[tokeweed]

They can ban exchanges.  But 'mining'?  What do they care if I use my hardware for mining.  It's none of their business.

Mining what? Some cryptocurrency just for fun? Seems like serious things are probably about to happen, so the question now is not if we will be free to mine whatever we can, but if cryptocurrencies will exist in the way they are now.

Yeah. What if I mine VTC... What? What if BTC was still a worthless token costing less than a penny each... What? But you get the point..

I'd like to see FINCEN try shutting down miners all over the world.  They can try.  But that's about it.

Maybe it's time for trading coins thru Open Bazzar when that goes online.  Then a true decntralized exchange later.  Night Trader was going to be the shit, but the dev got sidetracked.

[ArticMine]

They can ban exchanges.  But 'mining'?  What do they care if I use my hardware for mining.  It's none of their business.

Mining what? Some cryptocurrency just for fun? Seems like serious things are probably about to happen, so the question now is not if we will be free to mine whatever we can, but if cryptocurrencies will exist in the way they are now.

Yeah. What if I mine VTC... What? What if BTC was still a worthless token costing less than a penny each... What? But you get the point..

I'd like to see FINCEN try shutting down miners all over the world.  They can try.  But that's about it.

Maybe it's time for trading coins thru Open Bazzar when that goes online.  Then a true decntralized exchange later.  Night Trader was going to be the shit, but the dev got sidetracked.

On propriety operating systems licensed by Apple or Microsoft they could by getting Apple or Microsoft to shut it down for them. On GNU/Linux good luck. Here is an example of China using Apple's DRM to censor the Dalai Lama from 2009. http://www.macworld.com/article/1145350/apple_china.html

[illodin]

I'd like to see FINCEN try shutting down miners all over the world.  They can try.  But that's about it.

If the coin is worthless and can't be used anywhere miners will stop mining.

[tokeweed]

I'd like to see FINCEN try shutting down miners all over the world.  They can try.  But that's about it.

If the coin is worthless and can't be used anywhere miners will stop mining.

PoS wins again...

With a POW phase to ward off FINCEN.

[Zer0Sum]

Yeah.  Especially if it's POW.  Can't be shutdown.

It can be effectively shutdown. Just make mining, holding, buying, selling, accepting, and exchanging it illegal.

+1

PoW, PoS or whatever, they will be after it.

They can ban exchanges.  But 'mining'?  What do they care if I use my hardware for mining.  It's none of their business.

This may come as a shock to you...
But between you and the NSA... I would put my money on the NSA...
Though I'm sure you would sell me better quality weed, man 

Coins in the Top 100 can be easily DDOSed till they become untrustworthy...
And I'm sure there are exploits that can impair confidence in PoS coins.

It's all a matter of priority....
In order, Feds went after drug markets, ponzis, "local bitcoin" money launderers...
(And the "local bitcoin" guys are often making 6 figure transactions)...

Now that they have beefed up staff and collected 100% of the info and IPs on BitcoinTalk...
They will prioritize the big players and scammers and hunt them down...
You're going to see a lot of well-known BTT "celebrities" in front of Grand Juries in places like Texas and Indiana...
Facing charges for Securities Fraud or Tax Evasion... what fun.

Personally, I want to see Ken Armitt/RealSolid extradited from Australia to face a Grand Jury...
This one I will lobby the SEC and provide detailed information when they get around to this CockSucker.

They probably won't have time for the minnows... maybe just DDOS the shit coins to hell.

Crypto is moving up the Food Chain to Wall Street...
One year from now there will be dozens of ETFs and listed crypto start-ups to trade...
No one with a brokerage account will ever miss this sewer.

[tokeweed]

They can DDOS, sure..  But I was talking about FINCEN making you stop acquiring POW coins. 

[spartak_t]

They can DDOS, sure..  But I was talking about FINCEN making you stop acquiring POW coins. 

Don't want to offend you, but most of your discussions are pointless and they seem like you are trying to gather some activity here on the forum.
Can't blame you for that, but when someone express his opinion, you should actually read it before continuing like broken gramophone.
What others have said is clear. If governments decide to f* us - they will. You may then even believe that you can mine Californium with your PSU (yes, PSU.. not GPU or whatever), but it won't matter.

Nothing personal my friend.

[tokeweed]

They can DDOS, sure..  But I was talking about FINCEN making you stop acquiring POW coins.  

Don't want to offend you, but most of your discussions are pointless and they seem like you are trying to gather some activity here on the forum.
Can't blame you for that, but when someone express his opinion, you should actually read it before continuing like broken gramophone.
What others have said is clear. If governments decide to f* us - they will. You may then even believe that you can mine Californium with your PSU (yes, PSU.. not GPU or whatever), but it won't matter.

Nothing personal my friend.

None taken.  This is a forum.

If governments decide to f* us - they will. You may then even believe that you can mine Californium with your PSU (yes, PSU.. not GPU or whatever), but it won't matter.

Then what are we really here for?  Is this whole movement a joke?

[spartak_t]

Then what are we really here for?  Is this whole movement a joke?

Of course not! I strongly support cryptocurrencies and I believe in their future, but the point is that some red flags were raised.

[tokeweed]

Then what are we really here for?  Is this whole movement a joke?

Of course not! I strongly support cryptocurrencies and I believe in their future, but the point is that some red flags were raised.

But it all wouldn't matter if the government acts (your words).  Then what are we really doing here?  Try to make money?  Look for an angle?  Kill boredom?

This is all beginning to be a joke for some, I think.  Even if they think they don't...

[tokeweed]

They can DDOS, sure..  But I was talking about FINCEN making you stop acquiring POW coins. 

Don't want to offend you, but most of your discussions are pointless and they seem like you are trying to gather some activity here on the forum.
Can't blame you for that, but when someone express his opinion, you should actually read it before continuing like broken gramophone.
What others have said is clear. If governments decide to f* us - they will. You may then even believe that you can mine Californium with your PSU (yes, PSU.. not GPU or whatever), but it won't matter.

Nothing personal my friend.

Looks like you're right...

http://www.coindesk.com/california-business-raided-over-alleged-altcoin-gambling/

[photon_coin]

hard to say , i still doubt these anon coins are actually 'anon'

I'm kinda smiling, but guess what might happen with so called "anonymous" coins.

[kelsey]

in the crypto world, you either go fully legal legit business wise or totally under the radar, problem with most crypto business particularly exchanges, they kinda go partially legal, and only one thing dumber then going half legit, thats going half legit and based in the US 

[pc888]

in the crypto world, you either go fully legal legit business wise or totally under the radar, problem with most crypto business particularly exchanges, they kinda go partially legal, and only one thing dumber then going half legit, thats going half legit and based in the US 

Or you go Decentralised.