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Author Topic: Hearing on BTC in senate NOW  (Read 9779 times)
Spekulatius
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November 18, 2013, 09:01:20 PM
 #61

Where are the other speakers?

According to this link some non public servants should also be here today.?
http://www.hsgac.senate.gov/hearings/beyond-silk-road-potential-risks-threats-and-promises-of-virtual-currencies
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November 18, 2013, 09:02:05 PM
 #62

If they had a brain they would simply state that ALL bitcoin transactions are completely traceable. Bitcoin has nothing to do with crime, it helps the government trace everything. One day they will understand that bitcoin is direct democracy, and it can't be stopped!

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November 18, 2013, 09:03:11 PM
 #63

What do these old-timers know about virtual currencies?  Tongue It's all about maintaining control.
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November 18, 2013, 09:09:56 PM
 #64

Edward Lowery is actually the best speaker by far.
He at least does talk about "Digital currency", and not "Virtual Currency".
And he's being very reassuring, imho.

He's got a few bitcoins, for sure.  Grin

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November 18, 2013, 09:11:06 PM
 #65

So much discussion its hard to just focus on one thing when they keep going
This is damn interesting hard to say haha

Looking forward to the second recess so we can all discuss this
For once politics is super interesting XD

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November 18, 2013, 09:11:42 PM
 #66

Anyone know who is on the second panel coming up after this break?

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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November 18, 2013, 09:11:57 PM
 #67

If they had a brain they would simply state that ALL bitcoin transactions are completely traceable. Bitcoin has nothing to do with crime, it helps the government trace everything. One day they will understand that bitcoin is direct democracy, and it can't be stopped!

But that's actually not true if you don't reuse addresses.

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November 18, 2013, 09:12:13 PM
 #68

What do these old-timers know about virtual currencies?  Tongue It's all about maintaining control.

hehe, they know more than they would want anyone to think they do, USD being virtual currency in itself is being world's reserve currency at the same time Wink
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November 18, 2013, 09:12:32 PM
 #69

Next program on C-SPAN3 is scheduled at 9pm ET, thats 6 hours from the beginning of the show! Is this hearing taking so long?

http://www.c-span.org/Live-Video/C-SPAN3/
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November 18, 2013, 09:13:08 PM
 #70

Next program on C-SPAN3 is scheduled at 9pm ET, thats 6 hours from the beginning of the show! Is this hearing taking so long?

http://www.c-span.org/Live-Video/C-SPAN3/

I think there are like 3/4 different panels speaking on virtual currencies... will try find the schedule
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November 18, 2013, 09:13:23 PM
 #71


Now talking about what to do to try to keep virtual currency businesses in the USA.
This is hyper-positive.

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November 18, 2013, 09:18:11 PM
 #72

Next program on C-SPAN3 is scheduled at 9pm ET, thats 6 hours from the beginning of the show! Is this hearing taking so long?

http://www.c-span.org/Live-Video/C-SPAN3/

I think there are like 3/4 different panels speaking on virtual currencies... will try find the schedule

I make exceptions in my schedule when it comes to real news in bitcoin

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November 18, 2013, 09:19:26 PM
 #73


Now talking about what to do to try to keep virtual currency businesses in the USA.
This is hyper-positive.
1) 'present laws are good enough'
2) 'virtual currency is not illegal'
3) 'keep jobs in USA'
4) 'just send us more money - that's all'

lol.  Government is no threat yet.

So long as Jennifer is running the show over there, the government is under good guidance and the right philosophy to let bitcoin grow well.
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November 18, 2013, 09:20:26 PM
 #74

Fantastic! This sounds great! the Government says they can handle it, they want Bitcoin Jobs to stay in the USA!

more or less retired.
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November 18, 2013, 09:21:23 PM
 #75

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November 18, 2013, 09:24:47 PM
 #76

Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.
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November 18, 2013, 09:27:33 PM
 #77

Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

WOAH!
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November 18, 2013, 09:27:51 PM
 #78

Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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November 18, 2013, 09:29:08 PM
 #79

2-3 days
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November 18, 2013, 09:29:29 PM
 #80

Ending statement was really good. too!!  FYI, as posted in another thread.  Coinbase is out of bitcoins to sell.

I've never sold to coinbase.  But about to sell them about 10 as a test.  How long do they take to transfer the funds to my bank account from the time I transfer them the coins?

It is "normal" ACH so usually 3-4 business days (sometimes 2 days it varies by bank).  No faster or slower than any other ACH transfer (Dwolla -> Bank, PayPal-> Bank, etc).
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