Reminder: Lawsky promised Bitlicense by the end of May "at the latest"

[jehst]

http://www.law360.com/articles/646017/lawsky-says-bitlicense-could-change-to-ease-compliance

New York Superintendent of Financial Services Benjamin M. Lawsky said that the final BitLicense would be release by the end of May “at the latest.”

http://www.forexminute.com/bitcoin/nydfs-superintendent-benjamin-lawsky-resign-2015-49520

He previously stated January 2015 to be the month when BitLicense will come into effect.

http://insidebitcoins.com/news/nydfs-superintendent-lawsky-to-step-down-early-next-year/26217

The man who has been at the center of the bitcoin regulation firestorm is reported to be weeks from relinquishing his post. New York State Department of Financial Services Ben Lawsky will resign in early 2015, according to published reports. (Nov 10, 2014)

[coinableS]

When it didn't happen on Wednesday I pretty much wrote it off as not happening this month. He's a liar and he's going to drag this out as his last legacy before he leaves office. However I am optimistic since he is starting a firm that advises on digital currencies, so that means the legislation is at least partially positive and he believes there will be a big enough bitcoin market for his firm to be successful.

[jeannemadrigal2]

I hope its not regulated any time soon.  His regulation seems like a scheme for lawyers to make money.  How would they even regulate it?  Lets say I hire someone to wash my car or cook me dinner, and pay in bitcoins directly to his wallet.  How can they even track that?  Sure they can look at the blockchain and track things that way.  But imagine if millions of people are doing this.  How could they possible do it?

[BayAreaCoins]

However I am optimistic since he is starting a firm that advises on digital currencies, so that means the legislation is at least partially positive and he believes there will be a big enough bitcoin market for his firm to be successful.

It means it's probably going to be so complicated and expensive that you'll need to hire him.

Imagine a nice clear pool. Then some crook dumps a ton of shit in it, stirs it up and says he will charge you to help you navigate through it.

Sadist thing is that all the VC and bitcoin public figures that were riding the coat tails of the drug market profits see this as another coat tail to ride .

Bastards.

[TheButterZone]

Create regulation while in government, benefit from same regulation after moving to private sector. Tyranny at its finest!

https://en.wikipedia.org/wiki/Regulatory_capture

[coinableS]

However I am optimistic since he is starting a firm that advises on digital currencies, so that means the legislation is at least partially positive and he believes there will be a big enough bitcoin market for his firm to be successful.

It means it's probably going to be so complicated and expensive that you'll need to hire him.

Imagine a nice clear pool. Then some crook dumps a ton of shit in it, stirs it up and says he will charge you to help you navigate through it.

Sadist thing is that all the VC and bitcoin public figures that were riding the coat tails of the drug market profits see this as another coat tail to ride .

Bastards.

He's starting a bitcoin business. It's not a wallet or exchange, but a consulting firm and IMO that is very promising that he believes there is a future in being a bitcoin regulation consultant. That means he expects the currency to have future demand and not die off. I agree what he did is shady, create the rules then profit from it. 

[BayAreaCoins]

However I am optimistic since he is starting a firm that advises on digital currencies, so that means the legislation is at least partially positive and he believes there will be a big enough bitcoin market for his firm to be successful.

It means it's probably going to be so complicated and expensive that you'll need to hire him.

Imagine a nice clear pool. Then some crook dumps a ton of shit in it, stirs it up and says he will charge you to help you navigate through it.

Sadist thing is that all the VC and bitcoin public figures that were riding the coat tails of the drug market profits see this as another coat tail to ride .

Bastards.

He's starting a bitcoin business. It's not a wallet or exchange, but a consulting firm and IMO that is very promising that he believes there is a future in being a bitcoin regulation consultant. That means he expects the currency to have future demand and not die off. I agree what he did is shady, create the rules then profit from it. 

Doubt it. I'm sure he just thinks these juicy start-ups will pay him large sums a fiat and so will the VC's.

[WhatTheGox]

http://www.law360.com/articles/646017/lawsky-says-bitlicense-could-change-to-ease-compliance

New York Superintendent of Financial Services Benjamin M. Lawsky said that the final BitLicense would be release by the end of May “at the latest.”

http://www.forexminute.com/bitcoin/nydfs-superintendent-benjamin-lawsky-resign-2015-49520

He previously stated January 2015 to be the month when BitLicense will come into effect.

http://insidebitcoins.com/news/nydfs-superintendent-lawsky-to-step-down-early-next-year/26217

The man who has been at the center of the bitcoin regulation firestorm is reported to be weeks from relinquishing his post. New York State Department of Financial Services Ben Lawsky will resign in early 2015, according to published reports. (Nov 10, 2014)

He promised it well before that we were looking at early 2015 from what he was saying back end of 2014 iirc. Dont expect much from it but it might give the go ahead for huge investment to come into bitcoin.  If we have to create a new currency at a later date for the freedom aspect then so be it.

[jehst]

What would be the best way to publicly shame Lawsky?

[empowering]

Love it or hate it.......I have a feeling we will see the Bitlicense sooner..... rather than later.

Sure they said jan 2015, but they had yet another round of public comment.... public comment is done now, they are just dotting the i's and crossing the t's.



 

[empowering]

What would be the best way to publicly shame Lawsky?

Sneak up on him an pull his pants down and shag him infront of his wife?

[jehst]

What would be the best way to publicly shame Lawsky?

Sneak up on him an pull his pants down and shag him infront of his wife?

That'd teach the bugger.

[LFC_Bitcoin]

I think he's a bad apple tbh, a bit of an extortionist.
Like somebody said above, I think he's made it as complicated as possible & then he's obviously gone and set up this company meaning bitcoin companies will need to hire him to get through all the loopholes to comply with the BitLicense.
Very clever of him tbh, still a scumbag though.
As for the BitLicense who even knows when it's going to be active?

[LiteCoinGuy]

2 days left - no weekend for him 

[jehst]

Anyone have twitter?

[oblivi]

Anyone have twitter?

https://twitter.com/benlawsky

The latest tweets on Bitlicense go as back as Febraury 19.

[jehst]

Why did he say "end of May at the latest"? He wasn't under any pressure to give a specific date. Couldn't he just say "before the end of 2015"?

Why is Ben Lawsky the way that he is?  Does he actually get some kind of enjoyment out of lying?

[fancy_pants]

What would be the best way to publicly shame Lawsky?

I just did a whois search to answer your question

No match for "TAKINGALAWSKY.COM".

creating an urban legend to connect the name lawsky with the act of shitting in a pristine swimming pool might get some traction.

I don't know how one goes about doing such things.

http://www.urbandictionary.com/define.php?term=santorum&defid=942955

[EternalWingsofGod]

Anyone have twitter?

https://twitter.com/benlawsky

The latest tweets on Bitlicense go as back as Febraury 19.

He wants people to watch the spelling bee to distract everyone from the Bitlicense news
Well his last tweet anyways two more days to go.

[jehst]

Anyone have twitter?

https://twitter.com/benlawsky

The latest tweets on Bitlicense go as back as Febraury 19.

He wants people to watch the spelling bee to distract everyone from the Bitlicense news
Well his last tweet anyways two more days to go.

Don't worry. I'm sure his government office will totally be open this weekend to finalize the bitlicense. (/sarcasm)

Then he's sitting around watching spelling bees and tweeting about it.

Barry Silbert's "ETF" going live in November 2014. Lawsky finalizing Bitlicense in January. Winklevoss twins lauching Gemini in "Q1 2015."

Disappointment after disappointment after disappointment. Why does this industry have to be such a joke?

 If you don't know when you can do something, just say "Within the next 12 months." Then if you deliver in 5 months you're a hero. Underpromise and overdeliver. Not the other way around.