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Author Topic: 2013-05-21 reason.com: Bitcoin Can’t Be Stopped, But Can It Be Spoiled?  (Read 759 times)
n8rwJeTt8TrrLKPa55eU
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May 22, 2013, 05:38:48 PM
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What the government cannot stop (and ought not try to stop) it can still interfere with, and ruin lives in the process. Those who think it necessary that Bitcoin be regulated, even if they want to be in on making the regulations as sane and harmless as possible, need to remember that every regulation has a punishment attached for violating it. Whoever rightfully owns the resources in the account that the federal government confiscated from Mt. Gox won’t forget that.

http://reason.com/archives/2013/05/21/bitcoin-cant-be-stopped-but-can-it-be-sp
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin Core and some of its derivatives are the only known safe implementations of full nodes. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and Bither are OK.)
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May 22, 2013, 07:55:38 PM
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All they'll end up spoiling is US citizen involvement. I wonder however, how they'd feel if there was a massive expat migration to other countries? Would the current fee (which was free or much lower before) to denounce american citizenship be raised? Would they just arbitrarily take everything in your bank account as some kind of penalty? (They currently make you give up a certain chunk of existing funds as a last one-off to the IRS.)

At least Bitcoin gives someone who is considering such things some latitude, which is a lot more than I can say for the current banking system.

fortitudinem multis - catenum regit omnia
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May 22, 2013, 08:18:06 PM
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All they'll end up spoiling is US citizen involvement. I wonder however, how they'd feel if there was a massive expat migration to other countries? Would the current fee (which was free or much lower before) to denounce american citizenship be raised? Would they just arbitrarily take everything in your bank account as some kind of penalty? (They currently make you give up a certain chunk of existing funds as a last one-off to the IRS.)

At least Bitcoin gives someone who is considering such things some latitude, which is a lot more than I can say for the current banking system.


For what it's worth, at the conference I met at two smart young enterpreneurial folks from the USA who were in the process of moving to Latin America due to concerns about future regulation of their Bitcoin business...perhaps it's the start of a trend.

And of course the presence of a Seasteading booth art the event kinda carried an implicit message.
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May 23, 2013, 03:49:11 AM
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For what it's worth, at the conference I met at two smart young enterpreneurial folks from the USA who were in the process of moving to Latin America due to concerns about future regulation of their Bitcoin business...perhaps it's the start of a trend.

And of course the presence of a Seasteading booth art the event kinda carried an implicit message.

Good for them.

Speaking as an American, it is obvious how badly we've all been totally screwed by the corporatists' call for the benefits (for them) of globalization.

Now it's our turn to globalize the fuck out of them.

Brains, ability, and massive numbers vs. money, entrenched power, and a lack of imagination.

I think we win.

Dankedan: price seems low, time to sell I think...
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