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bene
Newbie
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Activity: 13
Merit: 0
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February 12, 2014, 12:07:28 PM |
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I thought the whole point was to get Bitcoin finally regulated
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Trance
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February 12, 2014, 12:09:31 PM |
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Do NOT DIVULGE ANY PERSONAL INFORMATION Before investigating where it will go, of course! #Protip
This is NOT safe!
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Some people are so poor ALL they have is money
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Trance
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February 12, 2014, 12:12:47 PM |
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Show where this "New York announcement" is, instead of posting something that's immediately asking speculators personal information, please.
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Some people are so poor ALL they have is money
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BruceFenton (OP)
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February 12, 2014, 12:15:51 PM |
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This is sketchy, asking for all this personal information??
It only asks for your name and city. It's standard for online petitions. We will present the letter with all signatures to Superintendent Lawsky....signatures without a name or city are not influential. I also personally disclose my own name and info as the op.
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Aswan
Legendary
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Activity: 1734
Merit: 1015
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February 12, 2014, 12:16:10 PM |
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I thought the whole point was to get Bitcoin finally regulated There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want.
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stompix
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Activity: 3010
Merit: 6584
Leading Crypto Sports Betting & Casino Platform
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February 12, 2014, 12:17:34 PM |
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I thought the whole point was to get Bitcoin finally regulated It all comes down to "how" it will be regulated. It might be a good thing or it might be the worst that happened to bitcoin.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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BruceFenton (OP)
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February 12, 2014, 12:23:27 PM |
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Show where this "New York announcement" is, instead of posting something that's immediately asking speculators personal information, please.
It's all over the news, Bloomberg, Reuters etc. http://www.reuters.com/article/2014/02/11/us-usa-bitcoin-idUSBREA1A20X20140211Online petitions are extremely common and this hardly asks anything which would be a concern to most....simply name and city. If it concerns you that's fine -- but you can easily verify who I am as the original author - I don't think there is a security risk by people signing this.
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Lethn
Legendary
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Activity: 1540
Merit: 1000
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February 12, 2014, 12:26:31 PM |
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A mandatory Bitcoin license? Ooooooo scary and just how are they going to enforce this? ^_^ p.s. They can't, everyone in America would just start renting virtual private servers and you'd have companies outside the U.S specifically offering these services in return for Bitcoins and they'd simply move everything overseas
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BruceFenton (OP)
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February 12, 2014, 12:31:38 PM |
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A mandatory Bitcoin license? Ooooooo scary and just how are they going to enforce this? ^_^ p.s. They can't, everyone in America would just start renting virtual private servers and you'd have companies outside the U.S specifically offering these services in return for Bitcoins and they'd simply move everything overseas Don't underestimate the difficulties which can be caused by men who command over those with badges, guns, cages an army of lawyers and a near unlimited faucet of taxpayer dollars. Bitcoin regulation can be very very bad ....affecting companies like Bitpay, Coinbase, all new startups, venture capital investment in the space, public perception etc. If it all goes underground we are looking at a lot less growth in innovation, jobs etc.
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Lethn
Legendary
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Activity: 1540
Merit: 1000
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February 12, 2014, 12:41:15 PM |
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Oh yeah, don't get me wrong, I understand well exactly how much damage it will cause but there's always a part of me that wants them to push these kind of bullshit laws through so people realise just what scumbags these people are.
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franky1
Legendary
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Activity: 4340
Merit: 4693
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February 12, 2014, 12:57:00 PM |
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the NY guys are only PLANNING to licence businesses that convert bitcoins to dollars. the regulation will remain at the FIAT gateways. this is not bitcoin regulation, this is FIAT regulation
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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be48d782
Member
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Activity: 80
Merit: 10
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February 12, 2014, 01:00:19 PM |
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Should vote the governments in NY and California out.
All they do is make more rules and restrict the freedom.
This is only the beginning. These people are just treading the waters. Checking our response and restricting slowly and slowly by desensitizing us.
They probably have a 4 year plan to control and regulate bitcoins.
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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February 12, 2014, 01:01:00 PM |
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the NY guys are only PLANNING to licence businesses that convert bitcoins to dollars. the regulation will remain at the FIAT gateways. this is not bitcoin regulation, this is FIAT regulation
We should be supporting it if this is the case (unless they do something really strange).
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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BCB
CTG
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Activity: 1078
Merit: 1002
BCJ
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February 12, 2014, 01:05:32 PM |
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Prudent state regulation it the next necessary step in the evolution of decentralized virtual currency.
+1 for a New York BitLicense.
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hilariousandco
Global Moderator
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Merit: 2677
Join the world-leading crypto sportsbook NOW!
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February 12, 2014, 01:11:49 PM |
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I thought the whole point was to get Bitcoin finally regulated There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want. Regulation in some form will come whether people like it or not. Governments aren't gonna sit back and let people launder it freely. They'll expect their cut somewhere down the line.
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bigb159
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February 12, 2014, 01:22:14 PM |
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I thought the whole point was to get Bitcoin finally regulated There are different opinions. I, for one, do not want bitcoin to get regulated, at least not the way most people want. As someone put well. Gov can control the exits, but what people do inside the cryptocurrency ecosystems will be impossible to regulate.
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justusranvier
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Activity: 1400
Merit: 1013
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February 12, 2014, 02:20:18 PM |
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If it all goes underground we are looking at a lot less growth in innovation, jobs etc.
Bitcoin would be stronger for it in the long term.
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vineyard
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February 12, 2014, 02:29:30 PM |
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NY will try to regulate anything and everything - with a goal in the end of generating revenue for the state in fees and/or taxes. Some other states will follow suit. It will be interesting to see the scope of any regulations they try to apply, and how they intend to enforce them.
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BruceFenton (OP)
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February 12, 2014, 02:41:03 PM |
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Asking for regulators to regulate solely because one fears they will regulate anyway is like asking for a thief to steal your wallet because you fear pickpockets.
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