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Author Topic: Senator Charles Schumer Pushes to Shut Down Online Drug Marketplace  (Read 23149 times)
Jaime Frontero
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June 06, 2011, 10:34:42 PM
 #141

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

oh man...

block #210,001 is going to be EPIC.
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n0m4d
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June 06, 2011, 10:37:56 PM
 #142

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.

Unfortunately, being taken seriously and setting policy that gets people shot are two different things in the states at this point.
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June 07, 2011, 12:33:59 AM
 #143


A US congressman wakes up to bitcoin on a sleepy sunday morning ....

http://www.youtube.com/watch?v=Y15NnGZIBuM

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June 07, 2011, 12:36:34 AM
 #144


A US congressman wakes up to bitcoin on a sleepy sunday morning ....

http://www.youtube.com/watch?v=Y15NnGZIBuM

Unfortunately, I think WE might be the monkeys... The senator is off screen, trying to convince the alpha male of the tribe to throw rocks at it from the cliffside.
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June 07, 2011, 01:07:50 AM
 #145


Unfortunately, being taken seriously and setting policy that gets people shot are two different things in the states at this point.

Except that's not how legislatures work. Other people in the Senate have to take him seriously for him to get anything done. And they don't.

“99% of quotes on the Internet are wrong.”  -- Abe Lincoln
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Goldenmaw
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June 07, 2011, 01:11:50 AM
 #146

I sure hope you prove right about that!
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June 07, 2011, 01:17:56 AM
 #147


A US congressman wakes up to bitcoin on a sleepy sunday morning ....

http://www.youtube.com/watch?v=Y15NnGZIBuM

Unfortunately, I think WE might be the monkeys... The senator is off screen, trying to convince the alpha male of the tribe to throw rocks at it from the cliffside.

Your use of WE in that statement is exceedingly liberal. While you cower in fear and beat the drum of defeat the real WE is .... oh yeah, we're mining bitcoins, get into it or get out of the way lest you be trampled by the freedom seeking mob.

Goldenmaw
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June 07, 2011, 01:24:52 AM
 #148

This whole damned forum is exceedingly liberal, even by my standards, and as an individual I have had terrible problems with authority my entire life.  This new libertarian standard of no-compromise total war is just too authoritarian for me.
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June 07, 2011, 01:27:16 AM
 #149

This whole damned forum is exceedingly liberal, even by my standards, and as an individual I have had terrible problems with authority my entire life.  This new libertarian standard of no-compromise total war is just too authoritarian for me.
Words cannot even begin to describe the lack of a coherent thought within these sentences.
Goldenmaw
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June 07, 2011, 01:27:48 AM
 #150

A single word can describe it, actually:  Irony.
vragnaroda
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June 07, 2011, 01:28:57 AM
 #151

This new libertarian standard of no-compromise total war is just too authoritarian for me.

What?!

“99% of quotes on the Internet are wrong.”  -- Abe Lincoln
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Goldenmaw
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June 07, 2011, 01:29:43 AM
 #152

I should really get into stand-up.  That last bit was ... Golden.
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June 07, 2011, 01:38:20 AM
 #153

Quote
It's an online form of money laundering used to disguise the source of money, and to disguise who's both selling and buying the drug," said Schumer.

I suppose technically it could be considered money laundering because you can't trace the source of the money

I haven't actually read the laws, but from what I am given to understand, literally any financial transaction can technically be considered money laundering.

No king but Christ; no law but Liberty!

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minerX
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June 07, 2011, 01:50:39 AM
 #154

Quick! Someone cross post OCN and see how long until it gets deleted.

They deleted one of my posts that said "What's the first rule of bit club? (On OCN)"


 Lool...


Fhtagn
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June 07, 2011, 01:51:41 AM
 #155

I've already received a response from one of my Senators' Washington office (Jim DeMint R SC). I could not return his call in time, today, but will be talking to them tomorrow.

I am presenting this as a registered business owner; that prohibition of Bitcoin will result in a lost economic opportunity for both my state and for the US.

South Carolina has shown a lot of interest and invested a lot of money in attracting and retaining tech businesses. I'll report back, if the call proves fruitful.
minerX
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June 07, 2011, 01:52:34 AM
 #156

I've already received a response from one of my Senators' offices (Jim DeMint R SC). I could not return his call in time, today, but will be talking to them tomorrow.

I am presenting this as a registered business owner; that prohibition of Bitcoin will result in a lost economic opportunity for both my state and for the US.

South Carolina has shown a lot of interest and invested a lot of money in attracting and retaining tech businesses. I'll report back, if the call proves fruitful.

The only way government will ever support this if it's regulated.  How the hell are they going to regulate this?  Make businesses submit BTC receipts to the IRS for tax purposes?
Anonymous
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June 07, 2011, 01:53:27 AM
 #157

I've already received a response from one of my Senators' offices (Jim DeMint R SC). I could not return his call in time, today, but will be talking to them tomorrow.

I am presenting this as a registered business owner; that prohibition of Bitcoin will result in a lost economic opportunity for both my state and for the US.

South Carolina has shown a lot of interest and invested a lot of money in attracting and retaining tech businesses. I'll report back, if the call proves fruitful.
Make businesses submit BTC receipts to the IRS for tax purposes?
Impossible to enforce.
Goldenmaw
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June 07, 2011, 01:54:15 AM
 #158

Good luck, Fhtagn!  Here's a strange coincidence - I just happened to begin reading some Lovecraft when you made this post.  I cannot hazard a guess at the fortune of this.
Fhtagn
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June 07, 2011, 01:55:17 AM
 #159

The only way government will ever support this if it's regulated.  How the hell are they going to regulate this?  Make businesses submit BTC receipts to the IRS for tax purposes?

I already keep records of my Bitcoin balances and exchanges, for tax purposes. I'm Managing Member of a registered LLC, in SC.
Fhtagn
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June 07, 2011, 01:57:33 AM
 #160

Good luck, Fhtagn!  Here's a strange coincidence - I just happened to begin reading some Lovecraft when you made this post.  I cannot hazard a guess at the fortune of this.

IA!
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