Bitcoin Forum
July 15, 2019, 09:32:11 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-06-03] California Inching Closer Towards Legalizing Bitcoin  (Read 601 times)
_smudger_
Full Member
***
Offline Offline

Activity: 163
Merit: 100


View Profile
June 06, 2014, 10:45:58 AM
 #1

http://cointelegraph.com/news/111706/california_inching_closer_towards_legalizing_bitcoin

1563226331
Hero Member
*
Offline Offline

Posts: 1563226331

View Profile Personal Message (Offline)

Ignore
1563226331
Reply with quote  #2

1563226331
Report to moderator
1563226331
Hero Member
*
Offline Offline

Posts: 1563226331

View Profile Personal Message (Offline)

Ignore
1563226331
Reply with quote  #2

1563226331
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563226331
Hero Member
*
Offline Offline

Posts: 1563226331

View Profile Personal Message (Offline)

Ignore
1563226331
Reply with quote  #2

1563226331
Report to moderator
1563226331
Hero Member
*
Offline Offline

Posts: 1563226331

View Profile Personal Message (Offline)

Ignore
1563226331
Reply with quote  #2

1563226331
Report to moderator
1563226331
Hero Member
*
Offline Offline

Posts: 1563226331

View Profile Personal Message (Offline)

Ignore
1563226331
Reply with quote  #2

1563226331
Report to moderator
bryant.coleman
Legendary
*
Offline Offline

Activity: 2142
Merit: 1022


View Profile
June 06, 2014, 10:50:14 AM
 #2

Legalization is a foregone conclusion. I am more worried about the applicable tax rates. Have reason to worry, as California is pretty much infamous for its back-breaking tax rates.  Grin
zeetubes
Sr. Member
****
Offline Offline

Activity: 371
Merit: 250


View Profile
June 06, 2014, 12:11:04 PM
 #3

California gets a huge amount of tax revenue and prestige from Silicon Valley and I am sure they don't want to lose any start up BTC businesses to other states or countries.
aigeezer
Legendary
*
Offline Offline

Activity: 1442
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
June 06, 2014, 12:31:16 PM
 #4

An old joke says that a Freudian slip is the kind of thing that happens when you intend to say "Please pass the butter" but instead you say "You monster - you've ruined my life".

In that vein, from the article, bolding added:

"Many cryptocurrency related startups and investors were probably not even aware that alternatives (sic) forms of money are technically illegal in California since neither was ever persecuted in the state."

Meanwhile, the feds are of the opinion that BTC is not money at all, but is instead a commodity, iirc. Other jurisdictional regulators offer yet other opinions.

The various regulatory games continue, but I don't think the honey badger cares.
SOAD
Sr. Member
****
Offline Offline

Activity: 324
Merit: 250


View Profile
June 06, 2014, 12:48:05 PM
 #5

I didnt even know it was illegal, or are they just taking steps to regulate and tax it?

bryant.coleman
Legendary
*
Offline Offline

Activity: 2142
Merit: 1022


View Profile
June 06, 2014, 01:54:28 PM
 #6

California gets a huge amount of tax revenue and prestige from Silicon Valley and I am sure they don't want to lose any start up BTC businesses to other states or countries.

A lot of companies are moving to states like Nevada, due to the extremely high tax rates in California. Even some of the well-established companies in the Silicon Valley are considering moving to other states.
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
June 06, 2014, 03:39:14 PM
 #7

I didnt even know it was illegal, or are they just taking steps to regulate and tax it?

It is probably one of those old and obscure laws that were never taken off the books. California's unique history makes it prone to this kind of stuff.

Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
June 06, 2014, 03:40:56 PM
 #8

California gets a huge amount of tax revenue and prestige from Silicon Valley and I am sure they don't want to lose any start up BTC businesses to other states or countries.

A lot of companies are moving to states like Nevada, due to the extremely high tax rates in California. Even some of the well-established companies in the Silicon Valley are considering moving to other states.

California is a beautiful state with a highly educated population that brings a in lot of capital that would other wise go elsewhere. Why they want to tax themselves to death is a mystery.

CoinMode
Sr. Member
****
Offline Offline

Activity: 417
Merit: 250


View Profile
June 07, 2014, 03:29:59 AM
 #9

The real indicator that you are living in a time of tyranny is when anything new is outlawed by default.
bryant.coleman
Legendary
*
Offline Offline

Activity: 2142
Merit: 1022


View Profile
June 07, 2014, 05:36:03 AM
 #10

California is a beautiful state with a highly educated population that brings a in lot of capital that would other wise go elsewhere. Why they want to tax themselves to death is a mystery.

California is a heavily blue state. That explains everything. Also, California has dozens of sanctuary cities and millions of illegal immigrants. So naturally, the number of welfare rats are more than the total number of tax payers. Therefore, it is no surprise that the state is close to bankruptcy.
Ron~Popeil
Sr. Member
****
Offline Offline

Activity: 406
Merit: 250



View Profile
June 07, 2014, 07:15:54 AM
 #11

The real indicator that you are living in a time of tyranny is when anything new is outlawed by default.

Yep. When citizens fear government there is tyranny. When government fears the citizens there is freedom.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!