2013-05-07 Business Standard: US regulator mulls setting rules for digital...

[ColdHardMetal]

http://www.business-standard.com/article/international/us-regulator-mulls-setting-rules-for-digital-currency-bitcoin-113050700080_1.html


"If you're buying Bitcoin and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Bitcoin," Chilton said.


How does that even make sense?

[xcsler]

http://www.business-standard.com/article/international/us-regulator-mulls-setting-rules-for-digital-currency-bitcoin-113050700080_1.html


"If you're buying Bitcoin and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Bitcoin," Chilton said.


How does that even make sense?

Because when you're a hammer everything looks like a nail.
It is possible that the governments are waking up to the long term ramifications of cryptocurrencies and shitting in their pants.

[marcus_of_augustus]

http://www.business-standard.com/article/international/us-regulator-mulls-setting-rules-for-digital-currency-bitcoin-113050700080_1.html


"If you're buying Bitcoin and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Bitcoin," Chilton said.

How does that even make sense?

He doesn't have to. CFTC has presided over a period of arguably the most corrupt and dysfunctional commodity markets operations in history ... valuing in the hundreds of billions to trillions. And missed massive manipulation, fraud and essentially govt. sanction criminality (MF Global & Jon Corzine affair).

Along comes bitcoin, market cap $1 billion ... "We're all over this massa!" ... you couldn't make this stuff up.

[Gabi]

Ahahahah they are trying everything to attack bitcoin


Let me understand, since bitcoin is digital gold then:

"If you're buying Gold and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Gold"

Mmh... so now gold is a derivative contract?  Yeah sure and oh look, an alien starship 

[Bitcoinfly]

Ahahahah they are trying everything to attack bitcoin


Let me understand, since bitcoin is digital gold then:

"If you're buying Gold and you are hoping that their value increases ... and you could purchase something with them in a day or a week or a month or a year, that is clearly a derivative of the actual Gold"

Mmh... so now gold is a derivative contract?  Yeah sure and oh look, an alien starship 

Yes, physical gold bar is a derivative of a futures contract:)  Buaaahhhhaaaaa

[DataPlumber]

I suppose it could be argued that anyone holding Bitcoin is shorting fiat

[cypherdoc]

Chilton is an idiot.

[BitSmile]

Death to anyone who fights freedom. Long live the freedom fighters.