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Author Topic: NY Hearings - lets live blog this puppy : - )  (Read 11613 times)
Biodom
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January 29, 2014, 03:24:18 PM
 #161

1. there are no bitcoin exchanges in US
2. exchanges outside of US already required all docs
3. coinbase requires name, address, credit card, cell phone for level 2 account (50BTC or 50 thou later on)
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
threecats
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January 29, 2014, 03:26:35 PM
 #162

too bad there is not some sort of rebuttal mechanism in play at the hearings ...
Patel
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January 29, 2014, 03:50:48 PM
 #163

RIP CoinJoin..?
dancingnancy
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January 29, 2014, 03:53:13 PM
 #164

what are these people trying to propose anyway on this mornings panel?  just a bunch of nonsense.  why isnt the current banking establishment being brought up re: fraud and criminal negligence.

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fonzie
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January 29, 2014, 03:54:34 PM
 #165

what are these people trying to propose anyway on this mornings panel?  just a bunch of nonsense.  why isnt the current banking establishment being brought up re: fraud and criminal negligence.

because it´s about virtual currencies???

"To know death, Otto, you have to fuck life in the gallbladder"
www.hsbc.com  - The world´s local bank
"These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi
dancingnancy
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January 29, 2014, 03:59:22 PM
 #166

please, right out of this guys mouth is "no one should keep money from crimes if virtual or not" except all banks do this currently in the usa.. virtual money panel or not, its dumb.

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Rygon
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January 29, 2014, 03:59:30 PM
 #167

LOL at their reference to being big holders of bitcoin.
threecats
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January 29, 2014, 04:05:01 PM
 #168

receeding hairline dude is clearly very paranoid about miners ....
Biodom
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January 29, 2014, 04:10:40 PM
 #169

Receding hairline dude??? Man has to know his limitations.
How can he regulate a miner in China, Canada or Bulgaria? He will regulate a miner in US, hence other countries will get more bitcoin-simple.
Charlie Lee had a brilliant proposition yesterday-all three word agencies have to start mining NOW-it will increase their budget, LOL.
He also thinks that miners are "strategic", LOL.
P_Shep
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January 29, 2014, 04:11:05 PM
 #170

receeding hairline dude is clearly very paranoid about miners ....

Christ, isn't he just! It's all he talks about!

If the US government wanted to make sure the miners couldn't do what they wanted, they could simply set up a mining operation of, say 25% of the network. Job done.
KFR
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January 29, 2014, 04:12:27 PM
 #171

Zabel came across well.

They're trying to buy all the coins. 
We must not let them.
Torque
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January 29, 2014, 05:15:28 PM
 #172

Panel 2 is kicking ass today!  Cheesy Kudos to Fred, Jeremy, and that Overstock guy (didn't catch his name)
KFR
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January 29, 2014, 05:17:39 PM
 #173

John Johnson I think he said.  They are all doing a fine job.

They're trying to buy all the coins. 
We must not let them.
keithers
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January 29, 2014, 05:48:28 PM
 #174

I am watching some of this while I am at the office.   I am actually really impressed by Lawsky, and the people on the panel asking the questions of the bitcoiners.   They seem really open minded, and don't act as if they are economic gurus.   They seem open and willing to help move the industry forward if possible...
BitcoinAshley
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January 29, 2014, 05:49:20 PM
 #175

also, in the second video, Charles Lee raises a point that although bitcoin may be potentially vulnerable to attack from large foreign powers, the USA equally has the power and resources to secure the system. That could be critical if the USA needs to make a decisive decision to back Bitcoin.


LOL. They would start an ASIC farm and grab 40% of the hashing power, then they would say "We need over 51% so that we can fuck with the known terrorist wallets!"
Then they would gain 51%, and get really confused when BTC instantly crashes to $0 and nearly all the value travels to Litecoin, Namecoin, and DOGE.

"Hmm? But we're from the government, we're here to help! Why don't you want our AML help?"

DOGE? You must be joking.


Yeah, I must be  Wink
Denton
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January 29, 2014, 06:06:21 PM
 #176

Today the panelists were much better, seems positive overall. I'm very interested in the third panel
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Panel 3- The Academic View on Virtual Currencies

Patel
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January 29, 2014, 06:08:06 PM
 #177

This last panel which just took place, the 3 panelists did an excellent job.

Regulators are very open minded it seems.
Biodom
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January 29, 2014, 06:10:59 PM
 #178

I hope that they did not invite that Boston professor for the academic panel; he is just full of venom.
seleme
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January 29, 2014, 06:13:55 PM
 #179

Overstock guy is cool as fuck.

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Denton
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January 29, 2014, 06:14:57 PM
 #180

I hope that they did not invite that Boston professor for the academic panel; he is just full of venom.

*Ed W. Felten- Professor of Computer Science and Public Affairs,
and Director of the Center for Information Technology Policy, Princeton University

*Susan Athey- Professor of Economics, Stanford University

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