[2013-12-26] Video - Fed has no interest in stopping bitcoin: J. Lacker said

[LiteCoinGuy]

Fed has no interest in stopping bitcoin: Lacker

http://video.cnbc.com/gallery/?video=3000230342

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[Lethn]

That's insane, now I'm like Ron Paul and wondering why the hell they consider it money and are interested in it so much, is this going to be where they put their money when the dollar collapses and they all run off? I can see how the anonymity would look like a good thing to them.

[sedric398]

Why would the FED have anything to do with regulating btc?
I think what they are saying is that there are other institutions who are more fit to do the job.

[marcus_of_augustus]

bitcoin is freaking the establishment out ... they are running this way and that like headless chooks.

It's just great to see so many "experts" all getting off script and giving conflicting "messages" ... lol.

Edit: and it is fitting that the Richmond Fed should be giving the "it's free market, bitcoin is private currency, what these guys are doing is okay" ...

... in all essence the Federal Reserve Debt notes are also a private currency, it is just that the boyz from NY-Fed hood-winked the stupid congress into giving them (unconstitutional) quasi-monopoly powers and the force of taxation law to coerce people into using their paper.

[notthematrix]

We are all running towards a big Concrete wall and we all know that!
http://www.youtube.com/watch?v=hWtVTu6S51M
bitcoin might be the only way out , don't under  estimate the power of evolution!
 

[bitbouillion]

Lacker: "it's private money"

[oakpacific]

Am I the only one who misread his surname as "Lackey"....

[Lethn]

Why would the FED have anything to do with regulating btc?
I think what they are saying is that there are other institutions who are more fit to do the job.

The Federal Reserve are the ones who print the paper dollar, not congress and they've been controlling things behind the scenes for almost a century now so they often end up dictating monetary policy as well, so Bitcoin is something in direct competition with them and actually threatens their existence.