Bitcoin Forum
June 24, 2019, 04:50:55 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-07-16 Bitcoin Foundation forms committees for legal defence and regulation  (Read 967 times)
patricktim
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
July 16, 2013, 02:09:17 PM
 #1

http://www.coindesk.com/bitcoin-foundation-forms-committees-for-legal-defence-and-regulation/

1561395055
Hero Member
*
Offline Offline

Posts: 1561395055

View Profile Personal Message (Offline)

Ignore
1561395055
Reply with quote  #2

1561395055
Report to moderator
1561395055
Hero Member
*
Offline Offline

Posts: 1561395055

View Profile Personal Message (Offline)

Ignore
1561395055
Reply with quote  #2

1561395055
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1561395055
Hero Member
*
Offline Offline

Posts: 1561395055

View Profile Personal Message (Offline)

Ignore
1561395055
Reply with quote  #2

1561395055
Report to moderator
aigeezer
Legendary
*
Offline Offline

Activity: 1442
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
July 16, 2013, 08:57:27 PM
 #2

You would never know the foundation is international from this parochial story/press release.

"“We’re putting together a team of people to engage regulators across the country in a conversation – to try and be proactive about bitcoin education,” said Santori.

He explained the committees are trying to get people from every US state involved, because laws and regulations can vary wildly from state to state.

“We need people in every state because it’s our aim to make sure all the voices get heard, not just the loudest.”"

Meanwhile from the foundation website: "Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide."

Matonis has a lot to repair in his new role.
Mike Hearn
Legendary
*
Offline Offline

Activity: 1526
Merit: 1008


View Profile
July 17, 2013, 08:21:04 AM
 #3

In fairness, Marco's committee is focused on regulatory affairs, and the situation in the USA with respect to regulation is far by the most urgent to address. The USA is not really a "united states" at all when it comes to AML laws. It's more like 48 little independent countries, that happen to collectively hold one of the worlds largest economies.

In contrast, my understanding is that the EU SEPA zone unified regulatory oversight to the extent that you can be licensed in one country and take customers in the others, i.e. the EU is "one big country" to a Bitcoin exchange.

Given this setup, it's clear why the US is going to soak up so much time for exchanges.

becoin
Legendary
*
Offline Offline

Activity: 2352
Merit: 1029



View Profile
July 17, 2013, 08:32:57 AM
 #4

Quote
2013-07-16 Bitcoin Foundation forms committees for legal defense and regulation
To sum it up...

No Bitcoin Foundation = Nothing available for a government attack to be focused on = No need for a legal defense = No need to spend bitcoins on bitcoin regulation

So, every dollar spent to help the government regulate bitcoin is a dollar less for bitcoin development.
deeplink
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


In cryptography we trust


View Profile
July 17, 2013, 11:56:11 AM
Last edit: July 17, 2013, 06:30:07 PM by deeplink
 #5

So, every dollar spent to help the government regulate bitcoin is a dollar less for bitcoin development.

+1

"help the government regulate bitcoin" is exactly what they are doing, and it is a sadomasochistic, internally inconsistent, suicidal, paradoxical and oxy-moronic exercise in futility.

Please focus on developing and promoting the technology, not on supporting a group of people that make a living by forcing peaceful people to follow an irrational set of rules that suits only the governments agenda.
aigeezer
Legendary
*
Offline Offline

Activity: 1442
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
July 17, 2013, 01:03:28 PM
 #6

It's more like 48 little independent countries

Can't get more parochial than that. Not only is the world bigger than the foundation can imagine but so is the very country it obsesses on.

Mike Hearn
Legendary
*
Offline Offline

Activity: 1526
Merit: 1008


View Profile
July 18, 2013, 05:27:26 PM
 #7

I suggest you listen to this interview with Jon Matonis, who now runs the Foundation:

https://soundcloud.com/mindtomatter/e23-2-setting-the-agenda-with

He spends a large chunk of the entire (45 minute!) interview talking about internationalisation and how he wants to make the Foundation more international and less US oriented than today. He's your kind of guy.
aigeezer
Legendary
*
Offline Offline

Activity: 1442
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
July 19, 2013, 12:03:42 AM
 #8

I suggest you listen to this interview with Jon Matonis, who now runs the Foundation:

https://soundcloud.com/mindtomatter/e23-2-setting-the-agenda-with

He spends a large chunk of the entire (45 minute!) interview talking about internationalisation and how he wants to make the Foundation more international and less US oriented than today. He's your kind of guy.

Thanks for the link. It's a really good interview, nicely managed and edited - nothing wasted. Yes, I'm a big Matonis fan, at least in this honeymoon period.      Smiley

I'll listen to it all again - a lot of ground was covered, as you know.

I very much like his international focus, even as I cringe at the idea of compartmentalizing dirtspace "chapters" that reify existing nation state boundaries and the bureacracy that goes with them. Messy stuff, inevitably.

I think I heard "The membership of the BTC foundation is 60% non-U.S." and "foundation meetings take place in the U.S." - an awkward situation that would seem to be easily solvable with teleconferences.

Cyber is as cyber does. There's still a bit of a smoke-filled room aura about the foundation. Very encouraging to have Matonis' energy though. Things are looking up.
kjlimo
Legendary
*
Offline Offline

Activity: 1876
Merit: 1002


View Profile WWW
July 19, 2013, 01:27:52 AM
 #9

DviceI would personally become more of a supporter of the bitcoin foundation if they issue guides as free advice on legal, accounting & tax situations.

It'd be great if they help to define what ppossible interpretations are and perhaps conduct surveys of what people are doing.

They could release research reports on different approaches.  I believe this is how the bitcoin foundation can serve the public.

I'll leave it up to the bitcoin foundation to figure out which ecominies & jurisdiction would benefit (and possible donate) most from these types of activities.

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
Pages: [1]
  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!