Bitcoin Forum
December 03, 2016, 02:42:56 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Protecting bitcoin from government  (Read 3380 times)
spanko
Newbie
*
Offline Offline

Activity: 4


View Profile WWW
June 10, 2011, 03:01:57 PM
 #21

Another solution is to legally protect the exchange stores like mtgox. Maybe wikileaks can provide legal advise on how to protect. they themselves took an coporate libel protection strcutre... maybe a copy paste to the exchanges is an option.


And IF (big IF) we the users keep using it to buy and sell. it would be theoretically possible to maintain the value.. or am i missing something. Basically the same mentality goes into accepting the dollar right..?


1480732976
Hero Member
*
Offline Offline

Posts: 1480732976

View Profile Personal Message (Offline)

Ignore
1480732976
Reply with quote  #2

1480732976
Report to moderator
1480732976
Hero Member
*
Offline Offline

Posts: 1480732976

View Profile Personal Message (Offline)

Ignore
1480732976
Reply with quote  #2

1480732976
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480732976
Hero Member
*
Offline Offline

Posts: 1480732976

View Profile Personal Message (Offline)

Ignore
1480732976
Reply with quote  #2

1480732976
Report to moderator
1480732976
Hero Member
*
Offline Offline

Posts: 1480732976

View Profile Personal Message (Offline)

Ignore
1480732976
Reply with quote  #2

1480732976
Report to moderator
1480732976
Hero Member
*
Offline Offline

Posts: 1480732976

View Profile Personal Message (Offline)

Ignore
1480732976
Reply with quote  #2

1480732976
Report to moderator
prattner
Newbie
*
Offline Offline

Activity: 6


View Profile
June 12, 2011, 02:52:12 AM
 #22

It is not a question of legality, really.  If the Federal government and the executive branch in particular wants to do something, they just do it and make up the rules as they go.  That's why the president can enter into war without congressional approval, bailout GM and cut out the bondholders, print money, and cheerfully violate every every amendment in the Bill of Rights whenever he wants or thinks he needs to.  Same goes for Congress, the judicial branch and the states, only to a more limited extent.

They ALL pretty much do what they like and call it law, but it is really a dangerous lawlessness that threatens the end of the Republic.  I know that sounds alarmist, and maybe it is, but you can't read the news every day and come to any other conclusion other than the Federal government seems to have no meaningful limits on its power. 

What I'm saying is there is probably nothing wrong with Bitcoin under current law, nor should there be.  However, if the government and the media decide they don't like Bitcoin, they can destroy it without even bothering to pass a new law by constantly investigating people, taking down websites, freezing bank accounts, and writing scare stories.  You've seen this process happen in other contexts, like with Paypal or raves or rap music, or anything else they disapprove of.

The trick is for Bitcoin to somehow survive and come into wide use internationally before tactics like these can ruin it.  If it gets big enough, Bitcoin will take on a life of its own and move beyond their reach.  Then the nannies and statists of the world will just have to grit their teeth and live with it.
BenRayfield
Sr. Member
****
Offline Offline

Activity: 262



View Profile WWW
June 20, 2011, 12:30:47 AM
 #23

They ALL pretty much do what they like and call it law, but it is really a dangerous lawlessness that threatens the end of the Republic.  I know that sounds alarmist, and maybe it is, but you can't read the news every day and come to any other conclusion other than the Federal government seems to have no meaningful limits on its power.

The thing that controls the USA government the most is businesses and greed of politicians, so I use strategies where government attacking me would work against the goals of those 2 groups in the short-term, and in the long-term they are too busy with their immediate criminal activity to bother with it.

All my writing, here or anywhere else, permission granted to copy.
zen862
Newbie
*
Offline Offline

Activity: 23


View Profile
June 22, 2011, 12:21:26 PM
 #24

Another possible scenario is government agencies which go after individuals who continue to use the service after it being deemed illegal or whatever; I proffer secure servers in far-flung reaches of the globe, actually as many places as possible, acting as CoinReserves whereby people store their bitcoins in confidence for the long-term.

It's not banking, it's more bitcoin storage. As my servers are in Africa naturally I've been getting a lot of stick for the idea in my thread, but consider the link in my signature.

  Smiley

sharecoin:Sj8t5Scd2YiXKNGUC5X4B9haG2FEX1g9pK
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!