Hearing on BTC in senate NOW

[Spekulatius]

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

[rupy]

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!

[csargent]

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

[Kouye]

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. 

[freedomno1]

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

[Nolo]

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

[mootinator]

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.

[Serge]

What do these old-timers know about virtual currencies?  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

[Spekulatius]

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/

[tom.hashemi]

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

[TreasureSeeker]

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

[freedomno1]

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

[TKeenan]

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.

[crazy_rabbit]

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

[freedomno1]

With great powers come great responsibility
Register with Fincen
Put in Place AML Anti Money Laundering
Maintain Records and Provide Suspicious activity reports to Fincen

Jennifer Shasky Calvery

[Bboy360]

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

[PinkBatman]

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

WOAH!

[Nolo]

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?

[indianplayers]

2-3 days

[DeathAndTaxes]

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).