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Chet
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May 07, 2013, 06:14:09 AM |
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Regulation means control Control means tax (or maybe just 'fee'), after all we must pay all these super smart regulators their due for taking good care of us poor fools.  |
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tutkarz
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May 07, 2013, 06:33:38 AM |
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bitcoin have been created because there is already TOO MANY regulations. Leave it alone. And btw you cant control something that not belongs to you. And bitcoin is not US property.
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Elwar
Legendary
 Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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May 07, 2013, 06:36:35 AM |
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Yes, FINCen making it so that anyone trading bitcoins for dollars was oh so helpful.
Took down at least one exchange, stopped bitcoinbillpay, made it so a decentralized exchange will only work if it goes through the government (centralized) approved exchanges.
Good thing? Any new regulation is never good. No matter the intentions.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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tutkarz
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May 07, 2013, 06:47:29 AM |
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We should regulate politicians because it seems they forgot their primary role: represent OUR will not their stupid ideas.
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Lethn
Legendary
Offline
Activity: 1540
Merit: 1000
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May 07, 2013, 11:06:29 AM |
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All this will do is make people adopt Bitcoin entirely and other alternative currencies over paper money to avoid having to deal in paper at all, they're digging their own graves.
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hayek
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May 07, 2013, 11:15:18 AM |
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Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
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hawkeye
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May 07, 2013, 11:19:43 AM |
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Regulation being required is a myth.
It basically stops people from being responsible and acting responsibly by providing an image that they are being protected. You only need to look at what has been happening in finance and banking around the world to know that the idea of regulation protecting people is just a myth.
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zamazama
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May 07, 2013, 11:21:26 AM |
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Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
Any attempt to regulate it will cause a massive price spike! |
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tutkarz
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May 07, 2013, 11:23:16 AM |
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Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
Any attempt to regulate it will cause a massive price spike! In what direction? |
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omgitsmehehe
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May 07, 2013, 11:24:34 AM |
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US Gov trying to get their hands on yet more things that aren't theirs....
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spartacusrex
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May 07, 2013, 11:51:36 AM |
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"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Chilton told Reuters in an interview on Monday. Errr... does he even understand what he's saying.. It's not clear AT ALL.. And also, I think it's technically IMPOSSIBLE. It. Has. Nothing. To. Do. With. Them. All they can do is shut down the US exchanges. All we need is some mechanism for price discovery.. and we can stay in btc's, no need to switch in and out of FIAT. Ever. They tried to regulate bittorrent.. That went well.  |
Life is Code.
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adamas
Legendary
Offline
Activity: 1014
Merit: 1003
VIS ET LIBERTAS
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May 07, 2013, 11:55:24 AM |
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Bitcoin and regulation in the same sentence is like oil and water.
It upsets me that people want regulation. Be responsible for yourself instead.
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"Es ist kein Zeichen geistiger Gesundheit, gut angepasst an eine kranke Gesellschaft zu sein."
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Mahn
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May 07, 2013, 11:58:28 AM |
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"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Wrong. They can try to regulate it, just like governments and media powerhouses have consistently tried to stop piracy for the past decade. It's just not happening, because there isn't a company or a cluster of servers they can take down or seize. Even if Bitcoin were to be illegalized it would still thrive without much trouble. |
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Anon136
Legendary
Offline
Activity: 1722
Merit: 1217
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May 07, 2013, 11:58:44 AM |
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i hope they try. it will show the whole world just how irrelevant they have become.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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JoeChmoe
Member
Offline
Activity: 91
Merit: 10
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May 07, 2013, 12:02:33 PM |
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"Here's what I know for sure: we could regulate it if we wanted. That is very clear," Chilton told Reuters in an interview on Monday. Errr... does he even understand what he's saying.. It's not clear AT ALL.. And also, I think it's technically IMPOSSIBLE. It. Has. Nothing. To. Do. With. Them. All they can do is shut down the US exchanges. All we need is some mechanism for price discovery.. and we can stay in btc's, no need to switch in and out of FIAT. Ever. They tried to regulate bittorrent.. That went well. Pretty comical quote. |
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spartacus_
Member
Offline
Activity: 88
Merit: 10
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May 07, 2013, 12:07:11 PM |
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FREEDOM. No regulation.
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COINVALIDATION IS SLAVERY NAMECOIN IS FREEDOM
BOYCOTT COINVALIDATION BUY NAMECOINS
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Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
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May 07, 2013, 12:10:56 PM |
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Any rules will be implemented by the CCCB, I am in contact with the US government so no need to worry about it, Bart Chilton is a commissioner on the commodities future trading commission he made the comments to support the future role Bitcoin could play in the economy in regards to trading.
"A spokesman for the CFTC declined to comment."
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WWW.FACEBOOK.COM
CRYPTOCURRENCY CENTRAL BANK
LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
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