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Author Topic: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace  (Read 23077 times)
Anonymous
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June 06, 2011, 08:02:21 PM
 #121

...bitcoins themselves to fall under government regulation of some sort.
Impossible. For it to be successfully regulated is for it to be completed bastardized in concept and utility.
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June 06, 2011, 08:02:55 PM
 #122

Reading this, and thinking about what this kind of rhetorical will set into motion, makes me wonder if the only way for bitcoin to survive and be exchanged in America, is for bitcoins themselves to fall under government regulation of some sort.
Agrees with Atlas:

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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June 06, 2011, 08:05:52 PM
 #123

I propose we make a donation to the Senator. He's really gone all out to put bitcoin on the map to make sure that both law-ignorers and law-observers alike become more aware of bitcoin and it's simply not fair that such effort go unrewarded.

He stressed bitcoins qualities, it's strengths and security, its untraceability (although to be fair he should have stressed that you have to put some effort in for that). It's a good thing he done.

Senator Schumer Donation Address Here:

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June 06, 2011, 08:08:19 PM
 #124

I propose we make a donation to the Senator. He's really gone all out to put bitcoin on the map to make sure law-ignorers become aware of bitcoin and it's simply not fair that such effort go unrewarded.

Senator Schumer Donation Address Here:

1G8AUgSTAw8hfatNnDHuYEqBAUzC3qvAAL
smelling scam here! its better to make a respected member take care of a donation. Cheesy

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June 06, 2011, 08:29:30 PM
 #125

I know it dismays a lot of hardcore crypto-anarchists on this forum, but I am a happy, law abiding, tax paying US citizen Smiley  And I think bitcoin's best path to success will be to work within existing government regulations.

The same way that air travel's path to success was to work within existing regulations? (before manned flight was invented, people owned all airspace above their land).

No, regulations will need to adapt to new technologies. Not the other way around.

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June 06, 2011, 08:35:01 PM
 #126

No, regulations will need to adapt to new technologies. Not the other way around.
It's inevitable.
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June 06, 2011, 08:35:44 PM
 #127

Can't even paypal be used for laundering?  If Sam buys socks for John, and John buys drugs for Sam at Silk Road by paying Silk Road's Skype account, haven't they just been laundering paypal credit?  Should paypal be banned if it enables people to buy drugs anonymously?  Or should paypal credit laundering be banned?

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June 06, 2011, 08:42:16 PM
 #128

You guys are blowing this out of all proportion. Chuck Schumer is the biggest blowhard in the U.S. Senate. No one takes him seriously and he doesn't stay focused on much long. Bitcoin is not Four Loko, which had a major pressure point he could push on and he doesn't have the attention span to keep pressure on anything for very long. If you keep him focused on it, he will make a much bigger deal out of it and more of your tax dollars will be wasted (and not just U.S. taxes, b/c other governments will cooperate on this).

tl;dr Just ignore him and he'll go away (unless he keeps getting drawn back by more Gawker bullshit).

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June 06, 2011, 08:48:43 PM
 #129

Ia am somehow surprised. Did it really needed that some senator show of, to fight  narcotics store ?
Thats usual business off corresponded departments.
No, i am think that something wrong, and his target is exactly bitcoin by itself.
Why he did not bothered with opiates farms in Afghanistan, that is under US control (if US did not lie about it, lol)  ?

We will  meet in not-so-distant future.
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June 06, 2011, 08:52:57 PM
 #130

.
Why he did not bothered with opiates farms in Afghanistan, that is under US control (if US did not lie about it, lol)  ?

Because he can't admit to such a thing while Chocolate Jesus is president.

“99% of quotes on the Internet are wrong.”  -- Abe Lincoln
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June 06, 2011, 08:55:09 PM
 #131

Can't even paypal be used for laundering?  If Sam buys socks for John, and John buys drugs for Sam at Silk Road by paying Silk Road's Skype account, haven't they just been laundering paypal credit?  Should paypal be banned if it enables people to buy drugs anonymously?  Or should paypal credit laundering be banned?

How is there a connection between Sam and John on paypal?  If Sam paid socks - and it's proxy delivered to John how does paypal know about the connection between Sam and John?  If John pays for a Skype number's credit and hand the password to Silk Road and Silk Road delivers drugs to Sam, how does paypal know about the connection between Silk Road and Sam?

Isn't the problem with laundering bitcoins, and not with bitcoins?

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June 06, 2011, 08:58:17 PM
 #132

http://schumer.senate.gov/new_website/contactchuck.cfm

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June 06, 2011, 09:07:25 PM
 #133

.
Why he did not bothered with opiates farms in Afghanistan, that is under US control (if US did not lie about it, lol)  ?

Because he can't admit to such a thing while Chocolate Jesus is president.

Is it your intention to be racially offensive or what?


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June 06, 2011, 09:11:03 PM
 #134

   
senator charles schumer suck on a log
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June 06, 2011, 09:11:41 PM
 #135

If you are biased and you generalize by attributing to a group, a subgroup or individual's actions:

Are you racist if you are biased based on race?
Are you sexist if you are biased based on gender?
.
.
.
.
etc., etc.,

What will you be if you generalize by saying bitcoiners are launderers, when only a subgroup of bitcoiners are laundering bitcoins?  Could you be dubbed a bitcoinist?

Will each of the possible roughly estimated 600,000 world wide bitcoiners ( http://forum.bitcoin.org/index.php?topic=12574.msg174344#msg174344 ) appreciate a statement like that?

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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June 06, 2011, 09:17:06 PM
 #136


Is it your intention to be racially offensive or what?



What? Have you missed every bit of media coverage of him since 2004?

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June 06, 2011, 09:29:45 PM
 #137

You are all mad cause I'm black
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June 06, 2011, 09:43:16 PM
 #138

urthermore, I don't think any of us would mind helping law enforcement or in fact anyone to help and find real criminals behind real crimes. Bitcoin is not anonymous - you have to go to great lengths to make it such.
Exactly right. I will to do what I can to help the police catch scammers and crooks who want to steal from people.  The police might use those same tools and techniques to help catch people who use bitcoin to pay for drugs; I can't stop them from doing that.

I personally don't think drugs or gambling should be illegal, because I believe you should be free to do whatever you like with your own body and your own money. But I also believe those are separate issues from bitcoin, and if I felt really strongly about it (it isn't one of my own personal hot-button issues) I would be donating money to, or volunteering to work for LEAP and NORML, not mixing "bitcoin is a great new technology" with "drugs should be legal."


If Senator Schumer would like to attend your speaking engagement at the technology start-up symposium of the CIA he would quickly realise that bitcoin is simply a monetary technology, nothing more.

Invite him along.

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June 06, 2011, 10:04:37 PM
 #139

.
Why he did not bothered with opiates farms in Afghanistan, that is under US control (if US did not lie about it, lol)  ?

Because he can't admit to such a thing while Chocolate Jesus is president.

Is it your intention to be racially offensive or what?



nah.  some folks just take pride in ignorance.

for example:  that the clan (hmmm... possible spelling error) which preceded the current president were probably the biggest drug-dealers in history.  especially the senior, who started his drug-dealing before he was even the VP.  of course, the son had the intellectual capacity of a clam, and was really only coasting...
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June 06, 2011, 10:29:47 PM
 #140

We can now expect another BTC rally as new people discover Bitcoin from this article.

However - we can expect the BIG ONE in two years when the yield of a block drops from 50 to 25 BTC at block 210,000

Annona ad! Please keep in mind that there is nothing wrong with Bitcoin itself. All it's scandals are caused by wonky websites and sleazy people exploiting it. The light attracts bugs.

When all this bullshit drys up and blows away, Bitcoin will be stronger than ever.
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