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Author Topic: Bitcoin Letter by Homeland Security and Governmental Affairs  (Read 1503 times)
cryptocoinsnews
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September 03, 2013, 06:29:34 AM
 #1

Over the past several months, “virtual currencies” have received increasing attention from law enforcmenet, the business community, the financial sector, and the federal government. As you probably know, virtual currencies are digitally-based money that can be quickly sent between entities over the internet and that have no central bank or government entity that backs them.

View the PDF here: http://www.cryptocoinsnews.com/2013/09/03/bitcoin-letter-by-homeland-security-and-governmental-affairs/

/David Parker, Director of CCN
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
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September 03, 2013, 11:57:01 AM
 #2

Quote
and that have no central bank or government entity that backs them
Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny  Cheesy

Operate in the shadows  Shocked

Has also attracted CRIMINALS  Shocked Shocked Luckily dollar does not attract criminals  Cool

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September 03, 2013, 11:57:40 AM
 #3

Quote
and that have no central bank or government entity that backs them
Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny  Cheesy
Gold. It doesn't back everything, but still.

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Gabi
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September 03, 2013, 12:05:24 PM
 #4

Dollar and euro are not backed by gold. They are just pieces of paper that can be printed at will

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September 03, 2013, 12:08:05 PM
 #5

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.

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September 03, 2013, 12:11:55 PM
 #6

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.
Really? Damn you fucked up school system!

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Bitcoinpro
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September 03, 2013, 12:37:16 PM
 #7

This letter is irrelevant.

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LTC: LP7bcFENVL9vdmUVea1M6FMyjSmUfsMVYf
LiteCoinGuy
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September 03, 2013, 12:47:56 PM
 #8

already know this letter.

Aseras
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September 03, 2013, 09:41:18 PM
 #9

Gold. It doesn't back everything, but still.

Fiat currencies have not been backed by gold for quite a long time.


which is precisely why there is such a thing as inflation and bubbles in the economies of the world.
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September 03, 2013, 09:54:30 PM
 #10

letter is irrelevant, especially the attempt to link bitocins to organised crime.

recent statistics have shown in the last 4 years billions of dollars, euros yen etc have been seized in relation to crimes. in the same period, only 11BTC has been seized.


I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Don't take any information given on this forum on face value. Please do your own due diligence & respect what is written here as both opinion & information gleaned from experience. If you wish to seek legal FACTUAL advice, then seek the guidance of a LEGAL specialist.
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September 03, 2013, 10:06:06 PM
 #11

recent statistics have shown in the last 4 years billions of dollars, euros yen etc have been seized in relation to crimes. in the same period, only 11BTC has been seized.

It won't matter.  Of course, all the government wants to do is control everything, and having something out in the wild, like bitcoin, that isn't controlled or regulated infuriates them.

BTC: 1PaSS2gWFh3MWVSc9Ga598rtK4Exa8ptuX
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September 03, 2013, 10:14:02 PM
 #12

Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro?

Not sure about dollar and euro but pound is backed by... (read it by urself at the bottom of this banknote):

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September 03, 2013, 10:33:26 PM
 #13

this file was signed on august 12 ,2013 .... old news
QuantPlus
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September 03, 2013, 10:42:22 PM
 #14


reserved
BittBurger
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September 03, 2013, 11:52:24 PM
 #15

This letter is irrelevant.
Irrelevant:  Only in the sense that even if they decided to completely shut down Bitcoin and ban it in the USA, it would still flourish because its international, and viral.

Relevant:  Because its a huge first step in acknowledgement, which will increase Bitcoin value, legitimacy, and success.

Therefore this letter is very relevant.

-Burger-

Bitcoin's true purpose defined in Satoshi's message on the Genesis Block:
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
View it on the Blockchain | Genesis Block Newspaper Copies
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September 04, 2013, 01:10:45 AM
 #16

Quote
and that have no central bank or government entity that backs them
Ahahaha, and how exactly does a "central bank" or "government entity" backs dollar or euro? They are funny  Cheesy

Operate in the shadows  Shocked

Has also attracted CRIMINALS  Shocked Shocked Luckily dollar does not attract criminals  Cool

USD backed by OIL and the power to control it. However if renewable energy becomes mainstream then GMO foods Smiley
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