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Author Topic: Bitcoin Laws Imminent - June Article  (Read 2619 times)
btcinstant
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December 03, 2011, 08:57:47 PM
 #1

Came across this article: http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/

Sort of interesting to see the conversation around it keep in mind it goes back to June. Anyways, there you go! Grin
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Andrew Bitcoiner
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December 03, 2011, 09:02:51 PM
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Capitalism > laws.

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December 03, 2011, 09:03:52 PM
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Oh well i'm not in us

Also good luck to make it illegal and force it...
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December 03, 2011, 09:08:07 PM
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Executive enforces laws, Legislative makes laws. Courts researching Bitcoin is meaningless with regard to "imminent laws" and enforcement of such.
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December 03, 2011, 09:10:30 PM
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Executive enforces laws, Legislative makes laws. Courts researching Bitcoin is meaningless with regard to "imminent laws" and enforcement of such.

+1

First, this should probably be in the Legal section.

Second, that article is total trash. The only thing the guy cites is http://www.uscourts.gov/Home.aspx . He then goes onto state "A quick rundown and recommendations for enforcement". This makes little sense, as he previously linked to the site of the JUDICIARY, and then blathers on about a function of the EXECUTIVE branch. There is absolutely zero evidence that anything mentioned in that article is under consideration by any branch of the U.S. government.
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December 03, 2011, 09:18:29 PM
 #6

Making Bitcoin illegal will legitimize it for the simple fact that gubmints are skeerd. Not every nation will fear Bitcoin and the ones that adopt it will win.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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December 03, 2011, 09:32:57 PM
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If there is any truth to the article, the powers that be have obviously decided on the "shut-down the Internet" method with bills like the Stop Online Piracy Act.

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December 03, 2011, 09:37:10 PM
 #8

why are you posting an article from back in June?  nothing was imminent back then and nothing is imminent now.  the author is also full of rubbish when he states the network is vulnerable.  he's already been proven terribly wrong.
RyNinDaCleM
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December 03, 2011, 11:09:54 PM
 #9

Quote from: nerdr
I’m sure you would have a different tone should a criminal take your children and sell their organs on the black market to (for example) China. Say they use Bitcoins to carry out the transaction online, a deal that would not be possible without the existence of Bitcoin. We will never find them again, since Bitcoins are anonymous. Would you still support Bitcoins under those circumstances? Should we sit idly by while such manouvers are being made?

I love the scare tacticz!  Tongue
Apparently, we already have a black market for small organs!  Huh

bbit
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December 03, 2011, 11:38:48 PM
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Quote from: nerdr
I’m sure you would have a different tone should a criminal take your children and sell their organs on the black market to (for example) China. Say they use Bitcoins to carry out the transaction online, a deal that would not be possible without the existence of Bitcoin. We will never find them again, since Bitcoins are anonymous. Would you still support Bitcoins under those circumstances? Should we sit idly by while such manouvers are being made?

I love the scare tacticz!  Tongue
Apparently, we already have a black market for small organs!  Huh

I know right!  I guess we have the "silk organs" also Huh  Huh
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December 04, 2011, 08:31:34 AM
 #11

Police in East China's Shandong Province announced Wednesday that they have cracked two illegal organ-transplant clinics, arresting 18 people involved.
http://www.globaltimes.cn/NEWS/tabid/99/ID/681152/Police-crack-underground-organ-trade-criminal-ring.aspx

Wikipedia Organ trader:
http://en.wikipedia.org/wiki/Organ_trade


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December 04, 2011, 10:33:31 AM
 #12

Came across this article: http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/

Sort of interesting to see the conversation around it keep in mind it goes back to June. Anyways, there you go! Grin

From the article:

Quote
Anti currency creation laws already in place here in the US could theoretically be applied to Bitcoin Miners making for a good media push.

What a bunch of bollocks. There are laws to prevent the creation of federal reserve notes (if you are not the government of course), it would be counterfitting. There is absolutely no law preventing the creation of private currencies.

That is an article pretending to be a serious analisis of Bitcoin legality? I stopped reading there.
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December 04, 2011, 06:27:26 PM
 #13

Police in East China's Shandong Province announced Wednesday that they have cracked two illegal organ-transplant clinics, arresting 18 people involved.
http://www.globaltimes.cn/NEWS/tabid/99/ID/681152/Police-crack-underground-organ-trade-criminal-ring.aspx

Wikipedia Organ trader:
http://en.wikipedia.org/wiki/Organ_trade



I wasn't denying existence, only the existence of a bitcoin specific market.  Wink 

barbarousrelic
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December 05, 2011, 01:11:28 PM
 #14

Came across this article: http://nerdr.com/bitcoin-laws-imminent-bit-coin-soon-to-be-illegal-in-us/

Sort of interesting to see the conversation around it keep in mind it goes back to June. Anyways, there you go! Grin

From the article:

Quote
Anti currency creation laws already in place here in the US could theoretically be applied to Bitcoin Miners making for a good media push.

What a bunch of bollocks. There are laws to prevent the creation of federal reserve notes (if you are not the government of course), it would be counterfitting. There is absolutely no law preventing the creation of private currencies.

That is an article pretending to be a serious analisis of Bitcoin legality? I stopped reading there.

The author is not very smart. First he says it will become illegal, then he claims it's already illegal.

The only way you could claim it's currently illegal is if you can convince a court that a reasonable person could confuse a Bitcoin with legal tender US banknotes or coins. That is not going to happen.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
MysteryMiner
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December 05, 2011, 02:55:26 PM
 #15

It's not illegal yet, but the lawmakers can pass law that make cryptocurrency illegal in future. There was time when ganja and heroin also was completely legal, any kid could buy a heroin for his parents at a local pharmacy.

The ruling regime is all about control and enslavement. The cryptocurrencies can give freedom to general populace and can't be easily controlled, so it will be banned in future.

The good thing is that there already are laws against filesharing, but they are completely ineffective against anyone who know how to use computers properly. The same will happen to Bitcoins or any other cryptocurrency.

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December 05, 2011, 03:43:25 PM
 #16

laws against filesharing,
Are you sure about that?

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December 05, 2011, 04:12:31 PM
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laws against filesharing,
Are you sure about that?
Completely. It's criminal offence to share, use or make duplicates of data You have no usage rights. And it's criminal offence too to support filesharing, even openly telling "piracy is good" can get you in years of troubles and your electronic equipment can be confiscated.

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phillipsjk
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December 05, 2011, 06:04:48 PM
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laws against filesharing,
Are you sure about that?
Completely. It's criminal offence to share, use or make duplicates of data You have no usage rights. And it's criminal offence too to support filesharing, even openly telling "piracy is good" can get you in years of troubles and your electronic equipment can be confiscated.

This is why I  support the Pirate Party. I want to make duplicates of data that has a free (as in freedom) data license attached. The problem is that ISP and webhost Terms of Service tend to be written around the assumption that file-sharing will only cuase problems. This may not be just legal problems: a popular file an a cheap web-host likely costs the webhost more than expected. However, as far as I can tell, it is not a criminal issue.

But your milage may vary by jurisdiction.

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barbarousrelic
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December 05, 2011, 06:26:02 PM
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laws against filesharing,
Are you sure about that?
Completely. It's criminal offence to share, use or make duplicates of data You have no usage rights. And it's criminal offence too to support filesharing, even openly telling "piracy is good" can get you in years of troubles and your electronic equipment can be confiscated.

Filesharing is not completely illegal, it is only illegal if you are filesharing copyrighted works that you do not have the right to distribute.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
MysteryMiner
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December 05, 2011, 07:06:29 PM
 #20

laws against filesharing,
Are you sure about that?
Completely. It's criminal offence to share, use or make duplicates of data You have no usage rights. And it's criminal offence too to support filesharing, even openly telling "piracy is good" can get you in years of troubles and your electronic equipment can be confiscated.

Filesharing is not completely illegal, it is only illegal if you are filesharing copyrighted works that you do not have the right to distribute.
What's the purpose to share files that anyone can download from the authors website? I want to have newest Photoshop master collection on my computer and I want to share the ISO file further.

Pirate Party are good when it comes to piracy. Otherwise they are mostly leftists and pacifists. That does not fit well in my national socialist ideology. And there is need for completely new system and new values of society. The current democratic capitalist system are full of patchwork laws and uncorrectable issues.

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