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Author Topic: 2013-05-15 Upstart: Think Bitcoin can’t be regulated? Think again  (Read 756 times)
Arvicco (OP)
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May 16, 2013, 01:18:14 AM
 #1

http://upstart.bizjournals.com/news/technology/2013/05/15/regulating-bitcoin-after-dwolla-mt-gox.html

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May 16, 2013, 01:28:28 AM
 #2

"Mobile payment startup Dwolla found itself involved (sic) a national story involving a cryptocurrency, the national economy, and any number of threats to U.S. security."

Bizarre piece, but I suppose zero is a number so it's not really a lie.
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May 16, 2013, 08:26:10 AM
 #3

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Today, traders can generate as many IDs as they want, even one for each trade, and there is little to nothing that would reveal traders’ real identities. This is, of course, as well a strong privacy feature as it is a pain for law enforcement. Nevertheless, a requirement for traders to register with a fixed ID that could be checked and confirmed by law enforcement under certain circumstances could resolve many worries. This would even have great potential for a better investigation and enforcement effectiveness of authorities than they have in the established financial systems today.
BWAHAHAHAHHAHAHAHAAA!

You better watch out bitcoiners! They could REQUIRE you to match your ID to your address!

<facepalm.gif>

Seriously, with a title like that you'd think that this statist moron would research a little more into why people like bitcoin in the first place.

Luke Parker
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May 16, 2013, 02:58:22 PM
 #4

Lets just humor them and register our addresses that have one satoshi in it.

"Yeah, I haven't been trading much"

< Places trade after transferring BTC from other address >

These idiots barely understand the internet, they have a huge mountain to climb before they understand bitcoin. Which works in our favor, actually.

fortitudinem multis - catenum regit omnia
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