Government Regulator Assholes

[marcus_of_augustus]

Buddy has a point though..

What are you going to do about it? Nothing, I thought so.  Not that I am but still.

I completely agree but what can we actually do?  This is why I veiw the entire population except those born into owning Central banks salves of those that are.  Royal bankers rule this world.  Bitcoin is like the gun in france in the late 1700's...

voice or exit?

use bitcoin properly and you don't have to worry about corrupt regulators or burdensome, bad, over-reaching regulations ... if you are you are doing it wrong.

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[MicroGuy]

use bitcoin properly and you don't have to worry about corrupt regulators or burdensome, bad, over-reaching regulations ... if you are you are doing it wrong.

The regulations are clearly designed to keep Bitcoin on the fringes. Bitcoin can't win if there's not a level playing field and fiat isn't hard to obtain, you don't need to track capital gains, and you don't need a Bitlicense on top of the standard retail license to accept it. Game, set, and match.

You're going to see this times 51 >> http://www.citizen-times.com/story/news/2015/05/25/nc-considers-regulating-bitcoin-virtual-currencies/27912079/

[marcus_of_augustus]

use bitcoin properly and you don't have to worry about corrupt regulators or burdensome, bad, over-reaching regulations ... if you are you are doing it wrong.

The regulations are clearly designed to keep Bitcoin on the fringes. Bitcoin can't win if there's not a level playing field and fiat isn't hard to obtain, you don't need to track capital gains, and you don't need a Bitlicense on top of the standard retail license to accept it. Game, set, and match.

You're going to see this times 51 >> http://www.citizen-times.com/story/news/2015/05/25/nc-considers-regulating-bitcoin-virtual-currencies/27912079/

Yeah. The US is turning into kind of byzantine backwater with all its mind-bending bitcoin and monetary regulations ... it's the general obsession with money, status, envy and control taken into the digital realm I guess.

[Light]

And yet people continue to give these people power through their tax dollars.

Giving someone power then getting upset with them for abusing it is not the path forward. The first step is to figure out how to stop giving them power.

But then how do you manage to do anything at all without micromanaging everything? There is a reason government exists - you can't have individuals vote on every single proposal, every single time a new one pops up. Theoretically, that would be the best as power would reside with society and not a select handful. However, who really would have the time to read newly drafted bills over and over again? Who would be educated enough to make a proper analysis? It's easy to say - but the reality is, is that power structures like government exist as a band-aid solution they don't fix these underlying issues but they are the best solution we currently have.

[RawDog]

Yeah. The US is turning into kind of byzantine backwater with all its mind-bending bitcoin and monetary regulations ... it's the general obsession with money, status, envy and control taken into the digital realm I guess.

Fucking unbelievable!!  Now they are even going after Europe's criminals?!  FIFA gets busted by US cops!!!!  Doesn't Europe have their own FBI and court system?  US thinks they fucking own EVERYTHING!!!  ASSHOLES!!

[Kprawn]

You see this everywhere...  We had a instance like this where the main negotiator for a union signed off on a crazy low increase and benefit agreement with the employer, and two months after that, he got a executive post in the company he fought against in the negotiations.

The employees were fooled to believe, that the agreement was done in their best interest... but the negotiator from the union got the biggest prize.

The company saved millions by offering him a executive post and paying much less in salaries and benefits.

Money corrupts, we deal with it every day. 

[marcus_of_augustus]

You see this everywhere...  We had a instance like this where the main negotiator for a union signed off on a crazy low increase and benefit agreement with the employer, and two months after that, he got a executive post in the company he fought against in the negotiations.

The employees were fooled to believe, that the agreement was done in their best interest... but the negotiator from the union got the biggest prize.

The company saved millions by offering him a executive post and paying much less in salaries and benefits.

Money corrupts, we deal with it every day. 

It's stories like these, you hear them everywhere now, that make you wonder how long until assassination markets spring up ...  Natural justice has a way of taking over when the department of justice is broken and corrupted.

[WhatTheGox]

This asshole Lawsky laid a very complex minefield of bullshit http://www.coindesk.com/lawsky-consult-digital-currency-nydfs regulations.  Now, he wants to quit his government job and have you hire him so he can take tons of money from your company to navigate through the mines he laid!!   Please don't hire this guy.  Talk about abuse of a government job.  

Yep thought exactly the same thing when i heard the news. I like how he just goes from a gov job to slide nicely into a private sector job.  Since they like making rules in gov they should have a 5 year waiting period rule for that kinda move.  That would be fair, if you want to serve the public then you cant do it for financial benefit.

[Elwar]

And yet people continue to give these people power through their tax dollars.

Giving someone power then getting upset with them for abusing it is not the path forward. The first step is to figure out how to stop giving them power.

But then how do you manage to do anything at all without micromanaging everything? There is a reason government exists - you can't have individuals vote on every single proposal, every single time a new one pops up. Theoretically, that would be the best as power would reside with society and not a select handful. However, who really would have the time to read newly drafted bills over and over again? Who would be educated enough to make a proper analysis? It's easy to say - but the reality is, is that power structures like government exist as a band-aid solution they don't fix these underlying issues but they are the best solution we currently have.

You can have people voting on every single proposal that affects them. With their bitcoins.

[not altcoin hitler]

This asshole Lawsky laid a very complex minefield of bullshit http://www.coindesk.com/lawsky-consult-digital-currency-nydfs regulations.  Now, he wants to quit his government job and have you hire him so he can take tons of money from your company to navigate through the mines he laid!!   Please don't hire this guy.  Talk about abuse of a government job.  

Gavin is the first in line to kiss his ass.

[moriartybitcoin]

he's just trying to 'regulate' the little guy out of existence .. he wants only big banks and corporations and Wall Street to be able to play the game.  Impossible for anyone else to open a bitcoin business in NYC

[TKeenan]

http://www.nytimes.com/2015/06/04/business/dealbook/new-york-regulator-announces-final-rules-on-bitcoin.html?_r=0

Too late Lawsky - everyone already left the United States - they don't like having their government's head up their ass all day long.  London is making a nice home for all cryptocompanies.

When someone does fraud, bust them with 'fraud' laws.  When someone does theft, bust them with theft laws.  Schrem and Ulbricht will tell you the laws are working just fine.  Bitcoin doesn't need more specialized bullshit rules to hinder small companies ability to innovate.  When idiots break laws, use the old laws to hang them - not a bunch of new crap that nobody can figure out.  

Bye-Bye Lawsky - good riddance.  I will laugh if someone hires you as their crypto-law consultant now.  What a joke.

[fkvidar]

The whole point is that it doesn't fall under state control. Those guys still control the Internet and would probably see Bitcoin as  "major threat".

[Kprawn]

The whole point is that it doesn't fall under state control. Those guys still control the Internet and would probably see Bitcoin as  "major threat".

I disagree with you... If it was deemed a threat, it would be banned. The state already have the same control over Bitcoin as it has control over fiat. They just regulated it enough, to enable them to know who they dealing with. {In the USA they force you with these regulations to divulge your identity and link it to your Bitcoin address.. KYC/AML} So they know how the money is being used and where it's going.

They have even less control over fiat.

Bitcoin, applied in this context, are no threat at all.... It's acctually a tool for them, to legally intrude on your privacy.

In countries where less regulations are forced onto citizens, people tend to misuse the currency more for criminal intent. I hate these regulations, and the applications in many countries are overkill in the extreme.

Atleast with these regulations, governments do not outright BAN crypto currencies and that is a good thing.  

[Amph]

The whole point is that it doesn't fall under state control. Those guys still control the Internet and would probably see Bitcoin as  "major threat".

I disagree with you... If it was deemed a threat, it would be banned. The state already have the same control over Bitcoin as it has control over fiat. They just regulated it enough, to enable them to know who they dealing with. {In the USA they force you with these regulations to divulge your identity and link it to your Bitcoin address.. KYC/AML} So they know how the money is being used and where it's going.

but this is only working if the user , dump his coins in any exchange, not everybody deal with exchange, some are spending their bitcoin offline, by dealing with another human, those are basically unregulated, the same as find big amount of money on the street and use them

[TheMage]

https://twitter.com/TheRealMage/status/601593926202580992

My feelings on this, which is the same as most im sure. Tweeted a few weeks ago.

[RawDog]

http://fortune.com/2015/08/03/benjamin-lawsky-bitcoin/

Now the asshole says he won't work on anything related to his work at NYDFS - but here is the services he offers:

provides in-depth counsel and strategic advice on financial services regulation, cybersecurity and cyber-risk, new financial technologies, compliance, consumer protection, privacy, anti-money laundering controls, crisis management, and investigations in the banking, insurance and other related industries

OK - sure Lawsky.  That doesn't have anything to do with what you did at NYDFS.  $100 says this guy will be doing cryptocurrency advising for a big company in less than 6 months.  What a joke.  Government abuse.  Now, there is a god-damn mine field left by this guy and bitcoin companies are leaving the US and NY because of it.  

What a dick.

[unamis76]

OP has a very valid points. These people keep on trying to regulate something impossible to regulate and they want to impose laws only they know how to divert... Stupidity at its finest.

[shawshankinmate37927]

I completely agree but what can we actually do?

We could vote for the republocrats, they'll fix it. 

[RawDog]

I completely agree but what can we actually do?

Best thing to do is just what ShapeShift did and what Xapo did.  Get the fuck out of NY.  Quit doing business with New Yorkers.  

Bitcoin out of New York!!!!

New York jews have long believed they have the right to be in complete control of everyone's money.  Jews love control of money.  So, just don't deal with those New Yorkers who love regulating other people's financial activity.