senator-calls-for-bitcoin-ban-2014

[segeln]

Senator Joe Manchin’s Letter About Bitcoin is Outrageous and Un-American
http://theblogchain.com/

[anu]

obviously doesn't understand that bitcoin would help most of the people who vote for him.

I am sure he understands that perfectly well. That is the reason he calls for a ban.

[CrashX]

I call for ban of the torrent network.

Hell no, I support Torrent... Long live TPB!

[Snail2]

He should call a ban on USD as well. USD is widely abused by criminals, used by pedophiles,  it can be disruptive for the US and world economy (as we seen in 2007-2008).

[DoomDumas]

Can't blame him, probably still emotional from loosing his GOXcoins.

LOL, +1

I hope everyone that have/had coin/$ in Gox recover those..  Maybe someone, or some entity will buy MtGox for the brand, completely re-build it like a professional exchange, and fund back each account to it's balance.

Maybe I'm a bit too optimistic, but there is many person/entity with too much money arround the world.. Maybe one will see a good business opportunity there... IMO, it's not the end of the GOX story !

[DoomDumas]

I forsee his opponent accepting bitcoins. Large donations incoming.

Can anyone check when the next elections are up? I can't make any sense of the US political system..

Does it really matter?

The D team and the R team are one and the same, anyone who thinks different is a fool. The D team just believes that they are the only good guys and are morally superior but at the same time vote for this type of "protection". The R team tricks people into believing they are for small government, but in reality they are the biggest spenders and supporters of the banks. I say line them all up against the wall.

I like your point of view, you may enjoy this video : http://www.youtube.com/watch?v=bTbLslkIR2k

Kinda funny, and so true !

[Miz4r]

Can't blame him, probably still emotional from loosing his GOXcoins.

LOL, +1

I hope everyone that have/had coin/$ in Gox recover those..  Maybe someone, or some entity will buy MtGox for the brand, completely re-build it like a professional exchange, and fund back each account to it's balance.

Maybe I'm a bit too optimistic, but there is many person/entity with too much money arround the world.. Maybe one will see a good business opportunity there... IMO, it's not the end of the GOX story !

I'm not so sure myself, the MtGox brand is tainted right now and many want nothing to do with it anymore. Must be a philantropist with many billions lying around who would want to buy it up and bail out its users. Bill Gates maybe? lol

[anu]

I forsee his opponent accepting bitcoins. Large donations incoming.

Can anyone check when the next elections are up? I can't make any sense of the US political system..

Does it really matter?

The D team and the R team are one and the same, anyone who thinks different is a fool. The D team just believes that they are the only good guys and are morally superior but at the same time vote for this type of "protection". The R team tricks people into believing they are for small government, but in reality they are the biggest spenders and supporters of the banks. I say line them all up against the wall.

I like your point of view, you may enjoy this video : http://www.youtube.com/watch?v=bTbLslkIR2k

Kinda funny, and so true !

In an interview with Stefan Molineux he introduced himself jokingly as "Peter Joseph Stalin". After listening to him I feel the nick is appropriate.

[dynodog]

not sure the world you live in.. but NOBODY in the real one knows about bitcoin.. in general you hope they know the word bitcoin and say.. ohh yea.. i hear people talking about it

obviously doesn't understand that bitcoin would help most of the people who vote for him.

that has been my experience too.  people in general know almost nothing about it, but they sure as hell heard that people were cheated out of lot of money.  their response will be to go nowhere near it.  the response of politicians who hear about people getting cheated is to do something about it whether it's regulating it to death or banning it. 

[Khadaji]

The Senator must oppose a currency he can't get his greedy fat fingers on.

You put your finger on the problem. If the government cannot regulate and tax it - it should be illegal.

Freedom is lost in small increments...

[testcoin]

That's not a good news anyway.

Imagine if the US really bans bitcoin one day, bitcoin price must fall sharply.

And probably less people will visit this forum as well.

[Schleicher]

He should call a ban on USD as well. USD is widely abused by criminals, used by pedophiles,  it can be disruptive for the US and world economy (as we seen in 2007-2008).

You mean like this?
http://polis.house.gov/news/documentsingle.aspx?DocumentID=371808

Today, U.S. Congressman Jared Polis (D-CO) sent a letter to federal regulators seeking a ban on United States dollar bills, a currency that is unregulated and unstable, and has been used in illicit activity, including drug trafficking and money laundering.

[kizzoboy]

His call to ban bitcoin is ironic in light of the U.S. Supreme Court's decision in the Citizens United case in 2010 which held that:

"Political spending is a form of protected speech under the First Amendment, and the government may not keep corporations or unions from spending money to support or denounce individual candidates in elections. While corporations or unions may not give money directly to campaigns, they may seek to persuade the voting public through other means, including ads, especially where these ads were not broadcast."

http://www.scotusblog.com/case-files/cases/citizens-united-v-federal-election-commission/

So if bitcoin is considered a currency (in additional to being a protocol), it should be legal to spend it as a form of protected political speech.

You are correct.  I work at a political action committee (IRS 527) that focuses specifically on accepting bitcoin as contributions.

www.coinpac.org