FBI is after bitcoin? Good!

[jbreher]

There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

[jbreher]

These people want to be able to live on Bitcoins and you simply cannot do that if it's not regulated.  

Unsupported assertion. Care to show your derivation?

So all those people who are planning not to cash out into USD who already have thousands or tens of thousands of Bitcoins, you don't think they wont want to be able to pay their utility bills and rent?

I would just like to point out that no regulation is needed for private businesses to decide to accept bitcoin as direct payment for goods and services. It already happens on a small scale today, despite the lack of regulation, and dispite the fact that total bitcoin market cap is lost in the noise compared to the daily change in the federal deficit.

[emunebtk]

Whats to stop the US from making their own Digital Coin and mining factory for it to force people to use that one instead? I am sure if the US came out with a coin that you could mine and easily trade for USD everyone would jump on it pretty quick imo.

 On another thought if they decide to regulate Bitcoin and/or force it out of the States what would that mean to Litecoin and the other 75 coins out there? In theory they would have to put a law or regulation on all digital currencies right? This is so much bigger than bitcoin now

[ElectricMucus]

There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

Kind of my point.
Depending on who you ask it falls into different categories, so it's better to have it's own.

[Foxpup]

There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

[ElectricMucus]

There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

As do meth dealers.

[crumbs]

There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

Making money from scratch -- building presses, graving plates, mixing inks -- stealing.
Taking money away from dumber traders on Gox -- making money.
 

[faiza1990]

There are probably only three ways to obtain money.  Earn, inherit or steal

You did forget charging interest & printing new money.

What do you mean? 'Steal' is right there in black & white.

Charging interest is firmly in the "earn" category, as you're providing a service (lending money) that your clients voluntarily pay for.

Making money from scratch -- building presses, graving plates, mixing inks -- stealing.
Taking money away from dumber traders on Gox -- making money.
 

all is going hell so just put it off all and do chat and watch MLB its better

[westkybitcoins]

These people want to be able to live on Bitcoins and you simply cannot do that if it's not regulated.  

Unsupported assertion. Care to show your derivation?

So all those people who are planning not to cash out into USD who already have thousands or tens of thousands of Bitcoins, you don't think they wont want to be able to pay their utility bills and rent?

Bitcoin can become something we can all live off someday or it can get completely ruined by the crowd who under any circumstances are against regulation. At some point you have to weigh whether or not under-regulation will stifle the currency just as you have to weigh whether or not over-regulation will.

I'm saying under-regulation is equally as bad as over-regulation and that the goal should be to find the proper balance.

You did not show how they "simply cannot do that if it's not regulated." Plenty of people live as well as they like off of their bitcoins already (the yahoos trying to make it into news items and documentaries are trying to do it without using intermediaries like Gyft cards. If you allow for that kind of thing though, then it's clear: bitcoin requires NO regulation.)