Bitcoin Foundation to meet US authorities.

[MoreFun]

Some good news there? Suddenly we got 10000 coins market buy, pushing the price up above 125

The thing is the Gox is not the only one.I've just seen Bitstamp go up almost $5 in a short amount of time.

Only because of large buys on Gox. No other reason.

[1714963636]

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[1714963636]

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[willphase]

So they met today right? What happened?

http://online.wsj.com/article/SB10001424127887323407104579037301852662422.html

Will

[Beta-coiner1]

So they met today right? What happened?

http://online.wsj.com/article/SB10001424127887323407104579037301852662422.html

Will

You need an account to read.....but found this.

Allowing Bitcoin to operate freely might result in a more competitive payments sector, said Jim Harper, a member of the panel and the director of information policy studies at the Cato Institute.

“Right now, it’s $3 to get money out of an ATM,” Harper said in an interview Monday. “Technology like Bitcoin could change that equilibrium . . . doing it in a market-based way rather than a regulatory way.”

Despite their initial skepticism, regulators seemed more interested in learning than in confrontation, according to attendees. And that’s about as much as Patrick Murck, the Bitcoin Foundation’s top lawyer, said he could hope for.

“The foundation has asked FinCEN to be open and transparent as they move forward,” said Murck. “FinCEN’s saying, ‘Not only are we going to do that, but we’re going to introduce you to the whole regulatory community.’ And that’s new.”

Bitcoin Foundation representatives plan to spend Tuesday on Capitol Hill meeting with lawmakers’ staffs.

This might explain why there is such a current rally,someone might be trying to scoop up as many coins as possible just in case the US gives the go ahead.It might be a good idea to horde I think.

[Lethn]

I wonder what the government will say when they realise that the Bitcoin foundation are nothing more than a bunch of extremely pushy wannabe bureaucrats who don't know what the fuck they're talking about?

[TheFootMan]

Exactly what will be discussed that can't be found through personal research on the interwebs?

I agree 100%. However, it seems like some people need to be spoonfed, they can't do any research themselves. Fact is, after one day (or more) of research, most intelligent people will probably get a grasp as to what bitcoin is, and how it functions.

In the real world however, you always need to schedule meetings, then everybody needs to travel there, to clog up the roads, hotelrooms and eat on expensive restaurants on the taxpayers behalf, then you sit in a conference room and listen to talks. More often than not, you don't learn anything that you couldn't have learned from doing research with your own laptop.

[RationalSpeculator]

Exactly what will be discussed that can't be found through personal research on the interwebs?

I agree 100%. However, it seems like some people need to be spoonfed, they can't do any research themselves. Fact is, after one day (or more) of research, most intelligent people will probably get a grasp as to what bitcoin is, and how it functions.

In the real world however, you always need to schedule meetings, then everybody needs to travel there, to clog up the roads, hotelrooms and eat on expensive restaurants on the taxpayers behalf, then you sit in a conference room and listen to talks. More often than not, you don't learn anything that you couldn't have learned from doing research with your own laptop.

That's indeed the case.

Meetings are not for information but relation.

[Rygon]

Exactly what will be discussed that can't be found through personal research on the interwebs?

I agree 100%. However, it seems like some people need to be spoonfed, they can't do any research themselves. Fact is, after one day (or more) of research, most intelligent people will probably get a grasp as to what bitcoin is, and how it functions.

In the real world however, you always need to schedule meetings, then everybody needs to travel there, to clog up the roads, hotelrooms and eat on expensive restaurants on the taxpayers behalf, then you sit in a conference room and listen to talks. More often than not, you don't learn anything that you couldn't have learned from doing research with your own laptop.

Maybe for someone well versed in computer science, economics, and cryptography, lol. There are a lot of errors and misinformation on bitcoin all over the internet. It takes a while to wade through it all and figure out what is correct. And it takes some time to comprehend the potential of it all. Even simple questions like, "Is it anonymous?" and "Is it true I can create bitcoins on my home computer?" don't have simple answers. Instead, news stories summerize bitcoin as "Anonymous online currency that you can create on your home computer!"

Just like the internet in the 1980's or other similar advancements in technology, it takes more than a day for most people to grasp what bitcoin really is.

[TheFootMan]

Meetings are not for information but relation.

That's a good point. And it is a sad fact that in todays society, more often than not, it's 'good relations' that makes things happen. In a perfect world, everyone should act logically, without taking into account personal relationships. But that's not how it is.

For example, there's some people who cannot stand critisism, so if you at one point direct an 'attack' in their direction, in the future, they will always reject, stall or otherwise make life difficult for you. And of course, they will always point to formalities, and the real reason (that you're an obnoxious person that actually see through their lies and deception and tell the truth) will never be displayed.

Thereof the concept of being a 'political chameleon'.

So all in all - if the lads at bitcoin foundation do some pub rounds with some 'important regulators', then the regulators would think they're all jolly good chaps, and that will add to their decisions in the future.

Well - it ain't all that simple - but surely, human relationships are very important when you need to have things done, and when you have a good relationship with someone, you have a much better starting point for your next discussion, than starting with the knowledge in the back of your head that the last time you talked together it was because you rightfully pointed out their incompetence an ineptitude. Nobody likes to hear that, even though it's the truth.

Being a 'tech-person', it's often annoying to deal with irrational behaviour in people, and when people act unprofessionally and just expect you to 'suck it up', then I think it is time to set things right, but sometimes that will just damage relations, so perhaps diplomacy is the way to go in that regard.

[TheFootMan]

Just like the internet in the 1980's or other similar advancements in technology, it takes more than a day for most people to grasp what bitcoin really is.

Yes, that's why I put (or more) in paranthesis. I used a week myself initially, but there are sharper heads out there for sure, but I would guess some people would need more time, and some people wouldn't get it no matter what..

[DeathAndTaxes]

I wonder what the government will say when they realise that the Bitcoin foundation are nothing more than a bunch of extremely pushy wannabe bureaucrats who don't know what the fuck they're talking about?

Feel right at home.  Bro hugs all around?

[Sitarow]

Exactly what will be discussed that can't be found through personal research on the interwebs?

How government can rob yours Bitcoins. -)

Do not forget that Bitcoin is global. If one group does not wish to participate then they can opt out.
However the rest of the world will keep going without them.

Including the fact that BTC can potentially be taken anywhere in our solar system

At this time the Bitcoin network has been resistant to centralization.

Just saying.

[eldentyrell]

Exactly what will be discussed that can't be found through personal research on the interwebs?

I agree 100%. However, it seems like some people need to be spoonfed, they can't do any research themselves. Fact is, after one day (or more) of research, most intelligent people will probably get a grasp as to what bitcoin is, and how it functions.

I'm getting the sinking feeling that they're making a big hoopla out of these briefings so that whatever they do later they can say "well, we didn't leap into this uninformed… these guys from the Bitcoin Authority briefed us!"

[Anon136]

lol authorities

[johnyj]

Meetings are not for information but relation.

That's a good point. And it is a sad fact that in todays society, more often than not, it's 'good relations' that makes things happen. In a perfect world, everyone should act logically, without taking into account personal relationships. But that's not how it is.

For example, there's some people who cannot stand critisism, so if you at one point direct an 'attack' in their direction, in the future, they will always reject, stall or otherwise make life difficult for you. And of course, they will always point to formalities, and the real reason (that you're an obnoxious person that actually see through their lies and deception and tell the truth) will never be displayed.

Thereof the concept of being a 'political chameleon'.

So all in all - if the lads at bitcoin foundation do some pub rounds with some 'important regulators', then the regulators would think they're all jolly good chaps, and that will add to their decisions in the future.

Well - it ain't all that simple - but surely, human relationships are very important when you need to have things done, and when you have a good relationship with someone, you have a much better starting point for your next discussion, than starting with the knowledge in the back of your head that the last time you talked together it was because you rightfully pointed out their incompetence an ineptitude. Nobody likes to hear that, even though it's the truth.

Being a 'tech-person', it's often annoying to deal with irrational behaviour in people, and when people act unprofessionally and just expect you to 'suck it up', then I think it is time to set things right, but sometimes that will just damage relations, so perhaps diplomacy is the way to go in that regard.

Diplomacy works only to a limited degree, because you never know that the guy you established good relation with might be hated by another guy who has higher political power. The ultimate thing that decide is the power, and it changes from time to time

In an enterprise, power of tech experts are very high in R&D decision making, but they were ruled by the marketing guys, since that's where all the money comes from, and money ultimately decide every project

With bitcoin, people first time in history get hold of the money through tech, this make things complicated, it shifted a lot of power from politicians and bankers to tech guys like ASIC device manufacturer and software developer. Actually this power shifting is already happening for many years in IT industry, but because of money, it never made any real sense, an IT expert was just another skilled worker ruled by capitalism

But, if one day our world is mostly regulated by the computer and network geeks, will it be better for humanity?   This is the same question as: Who should be the guy at Bitcoin Foundation to set the roadmap for bitcoin?

[World]

http://www.bloomberg.com/video/bitcoin-s-bid-for-legitimacy-3b47o9o2R1C7qjfk0H8TKA.html

[adamstgBit]

http://www.bloomberg.com/video/bitcoin-s-bid-for-legitimacy-3b47o9o2R1C7qjfk0H8TKA.html

Its not a matter of weather or not it survives it a matter of where it survives

i think they are starting to catch on! the girl is a bit slow, but what do you expect.... 

[notme]

So they met today right? What happened?

http://online.wsj.com/article/SB10001424127887323407104579037301852662422.html

Will

You need an account to read.....but found this.

Allowing Bitcoin to operate freely might result in a more competitive payments sector, said Jim Harper, a member of the panel and the director of information policy studies at the Cato Institute.

“Right now, it’s $3 to get money out of an ATM,” Harper said in an interview Monday. “Technology like Bitcoin could change that equilibrium . . . doing it in a market-based way rather than a regulatory way.”

Despite their initial skepticism, regulators seemed more interested in learning than in confrontation, according to attendees. And that’s about as much as Patrick Murck, the Bitcoin Foundation’s top lawyer, said he could hope for.

“The foundation has asked FinCEN to be open and transparent as they move forward,” said Murck. “FinCEN’s saying, ‘Not only are we going to do that, but we’re going to introduce you to the whole regulatory community.’ And that’s new.”

Bitcoin Foundation representatives plan to spend Tuesday on Capitol Hill meeting with lawmakers’ staffs.

This might explain why there is such a current rally,someone might be trying to scoop up as many coins as possible just in case the US gives the go ahead.It might be a good idea to horde I think.

Protip: Google search for article title, click first result... bam full article.  If it doesn't work the first time, wait a minute and try again... WSJ limits how many free click thoughs from google it will allow per minute.

[b!z]

So they met today right? What happened?

http://online.wsj.com/article/SB10001424127887323407104579037301852662422.html

Will

You need an account to read.....but found this.

Allowing Bitcoin to operate freely might result in a more competitive payments sector, said Jim Harper, a member of the panel and the director of information policy studies at the Cato Institute.

“Right now, it’s $3 to get money out of an ATM,” Harper said in an interview Monday. “Technology like Bitcoin could change that equilibrium . . . doing it in a market-based way rather than a regulatory way.”

Despite their initial skepticism, regulators seemed more interested in learning than in confrontation, according to attendees. And that’s about as much as Patrick Murck, the Bitcoin Foundation’s top lawyer, said he could hope for.

“The foundation has asked FinCEN to be open and transparent as they move forward,” said Murck. “FinCEN’s saying, ‘Not only are we going to do that, but we’re going to introduce you to the whole regulatory community.’ And that’s new.”

Bitcoin Foundation representatives plan to spend Tuesday on Capitol Hill meeting with lawmakers’ staffs.

This might explain why there is such a current rally,someone might be trying to scoop up as many coins as possible just in case the US gives the go ahead.It might be a good idea to horde I think.

Protip: Google search for article title, click first result... bam full article.  If it doesn't work the first time, wait a minute and try again... WSJ limits how many free click thoughs from google it will allow per minute.

Google cache also does this well.