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CoinRocka (OP)
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February 28, 2014, 12:38:49 AM |
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Federal Reserve Chair Janet Yellen told senators Thursday that the central bank can't regulate troubled digital currency Bitcoin because it operates outside the banking system.
"I think it's important to understand that this is a payment innovation that's taking place entirely outside the banking industry," Yellen told Sen. Joe Manchin, D-WV. "The Federal Reserve simply does not have the authority to supervise or regulate Bitcoin in any way."
#1 CoinRocka #1
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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DarwinNexus
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Activity: 56
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February 28, 2014, 12:41:14 AM |
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Unfortunately, authority over a domain is not static and can therefore change.
That is why people worry about regulation.
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Coins4life
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February 28, 2014, 12:48:11 AM |
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Unfortunately, authority over a domain is not static and can therefore change.
That is why people worry about regulation.
+1 all we can do is have faith |
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 28, 2014, 02:11:30 AM |
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bomb7
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February 28, 2014, 02:16:10 AM |
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That`s the federal reserve, not the government.
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Singlebyte
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February 28, 2014, 02:19:48 AM |
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That`s the federal reserve, not the government.
Funny how some people think the federal reserve is a government agency! |
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Vitamin
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February 28, 2014, 02:21:12 AM |
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That`s the federal reserve, not the government.
How dare you point out facts, you Bitard! |
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fluxcap
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February 28, 2014, 02:36:22 AM |
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They can shut it down for sure. I don't see how they could possibly regulate it. Straight from a bitards mouth.
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Vitamin
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February 28, 2014, 03:17:41 AM |
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That`s the federal reserve, not the government.
Funny how some people think the federal reserve is a government agency! Anyone who actually knows what the Federal Reserve System is knows that it is only a quasi-government agency made up of a collection of private American Banks. So when the Chairwoman tells Congress that the Fed doesn't have the authority to regulate Bitcoin out of practice she is acknowledging that Congress has not given banks the authority to deny doing business with Bitcoin businesses as it is not the currency of just one individual or a state. |
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Searing
Copper Member
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Merit: 1464
Clueless!
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February 28, 2014, 06:26:57 AM |
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man i want your life/mind .....so simple...everything so DARK but yet so clear..a paradox!  imho unlikely Searing |
Old Style Legacy Plug & Play BBS System. Get it from www.synchro.net. Updated 1/1/2021. It also works with Windows 10 and likely 11 and allows 16 bit DOS game doors on the same Win 10 Machine in Multi-Node! Five Minute Install! Look it over it uninstalls just as fast, if you simply want to look it over. Freeware! Full BBS System! It is a frigging hoot!:) |
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zeetubes
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February 28, 2014, 06:39:23 AM |
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Why would anyone give a flying fuck what a bunch of nerdy fags at the NSGAY does? Apart from the fact that they're snooping on everyone's private data, so FUCKING what? Surely you would also have to be a little femme to worry about it. |
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Swordsoffreedom
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Merit: 1115
Leading Crypto Sports Betting & Casino Platform
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February 28, 2014, 06:42:40 AM |
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Lip service doesn't cut it what you need to look for is what is going on behind the closed curtain  |
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