MicroGuy (OP)
Legendary
Offline
Activity: 2506
Merit: 1030
Twitter @realmicroguy
|
![](https://bitcointalk.org/Themes/custom1/images/post/exclamation.gif) |
October 16, 2014, 03:26:26 AM |
|
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Faltcoinpress.com%2Fwp-content%2Fuploads%2F2014%2F10%2Fny_hotdog_vendor-660x400.jpg&t=665&c=tLIMFbq5PnG7Pw) Remember the pain and suffering we all experienced when China banned Bitcoin last year? Well, a new form of punishment is on the horizon for Bitcoin thanks to New York’s Superintendent of Financial Services, Benjamin Lawsky. This new artificially imposed homicide might as well be called – Death by Regulation. Imagine walking up to a New York street vendor in Times Square to purchase a foot-long hot dog and being asked to provide your name and home address. If you’re paying with cash, no need to fret. But if you’re paying in Bitcoin or some other digital currency, be prepared to answer a series of questions before enjoying your tasty treat. The State of New York is proposing BitLicense, a set of rules and regulations that would mandate licenses for merchants that accept Bitcoin and its digital cousins. The proposal creates expensive costs and barriers-of-entry for vendors, and infringes upon the rights of both businesses and casual users alike, according to a recent article published by the electronic frontier foundation. The fact is, the World looks to New York for guidance as it relates to financial and banking regulation and if this proposed legislation passes, it would mean an end to Bitcoin in New York, and likely set a wrench into motion that could “gum up” the entire cryptocurrency machine. In essence, the Bitlicense would become the Ebola Virus of digital currency with Benjamin Lawsky becoming “patient zero”. The open comment period on these regulations is expected to end soon, after which time, the Department of Financial Services will release an updated version of its proposed regulatory framework. That means that digital currency adopters worldwide have a limited amount of time to speak out against these new proposals or face regulation that is sure to strike a crippling blow to cryptocurrencies across the globe. Full Story: http://altcoinpress.com/2014/10/new-york-looks-to-slap-digital-currency-with-death-sentence/
|
|
|
|
S.Boxx
Newbie
Offline
Activity: 27
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 03:44:16 AM |
|
Organization's like the quoted "electronic frontier foundation" and the "Cypherpunks" have been fighting for our freedom since the beginning of the digital age and the only person anyone knows is Steve Jobs, the king of "mass production for mass consumption". Google these organizations and donate, read and listen to what the have to say about protecting your freedom. This doesn't have to be a world of "NOTICE: The user agrees to surveillance and no rights of privacy so we can prosecute you if we feel the need to for political or financial reasons".
|
|
|
|
Beliathon
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 03:45:22 AM |
|
Bitcoin looks to slap New York with reality check. Bitcoin is sovereign, New York is not.
|
|
|
|
mercistheman
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 03:46:12 AM |
|
So much for their slogan... "New York Open For Business"
It should be... "New York Left Behind"
|
|
|
|
MrBig
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 05:02:35 AM |
|
This could backfire on the government if they actually tried to implement something like this, and give more credibility to btc.
|
|
|
|
chopstick
Legendary
Offline
Activity: 992
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 05:32:33 AM |
|
Poorly designed regulations are destined to fail.
Lawsky, looking out for his bro's at JP Morgan. One big fail party
|
|
|
|
Bitcoin Magazine
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 05:37:22 AM |
|
Bitcoin looks to slap New York with reality check. Bitcoin is sovereign, New York is not.
BTCitcoin takes too long. No one wants to wait behind someone with a paper wallet. especially when all they have to do is slide their card
|
i am here.
|
|
|
bitcoincal
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 05:42:18 AM |
|
Horrible news if this happens, but it will probably backfire on these regulators.
|
1CuWECCUQwkmQTpJdXd6Ga5tXKoJ5f8tPb
|
|
|
Undermood
Legendary
Offline
Activity: 950
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 06:53:56 AM |
|
Never mind! The New York will eat the results themselves. The bitcoin startups will leave there to other open area to build their business.
|
╓▄▄▓▓▓▓▓▓▓▓▓▓▄╖, ,▄██▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█▄, ▄████▀▀░░ ░╙▀▓███▓, ,███▓╣▒▒▒░░╓╖╖╖╖╖╖,░░░▒▒╢▓▓▓[ ╓▓██▓▓▓███▓▓▓▓▓▓▓▓▓▓▓▓██▓╢▓▓▓▓ ╖▒▓▓▓▓▓██████▀▀▀▀▀▀▀▓██████▓▓▓▓▒░, ╫▒▒▓▓▓▓▓▓▒ "▓▓▓▓▓▓ ╟ ▐▓░░░▓▓▓▓▓▓╖ ▓▓▓▓▓▓░ ]▓ ,▓▓░░░░╙▓▓▓▓▓▄ ╓▓▓▓▓▓▓`░░ ▐▓▌ ╟▓▓▌░░░ ╙▓▓▓▓▓▓ ╓▓▓▓▓▓▓░░░░╓▓▓▓ ╟▓▓▓▓ ░`▓▓▓▓▓▓, ╟▓▓▓▓▓╜░░░░╓▓▓▓▓ ╙▓▓▓▓▓,░ ░ ▓▓▓▓▓▓╖ ,▓▓▓▓▓▓▒▒▒▒░╟▓▓▓▓▌ ▓▓▓▓▓▓╖░ ╙▓▓▓▓▓▌ ╓██████▒▒▒▒▒▓▓▓▓▓▓` ╙▓▓▓▓▓▌ ░░╙▓▓▓▓▓▓█████▓▒▒▒▒▒▓▓▓▓▓▓ ╙▓▓▓▓▓▓ ░░░▓▓▓▓▓▓███▓╢╣╢╢▓███▓█▀ ▓▓▓▓▓▓@░░░░▓▓▓▓▓▓▓▓▓▓▓▓██████▀ ▀▓▓▓▓▓▄░▒▒░▓▓▓▓▓▓██▓████▀▀ ╙▀▀▀██████████▀▀▀` | | InfinitusToken.io | | ███ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ | | | | ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ██ ███ ███ | | ⚑⚑ Read our Whitepaper ⚑⚑ Medium ⚑⚑ Telegram |
[/ta
|
|
|
turvarya
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 07:08:54 AM |
|
When you listen to Andreas Antonopolis in front of the Canadian committee and how this senators react to his answers, you pretty much see that the game has already changed in favor to Bitcoin, at least in Canada. So, New York or even USA regulate how much you ever want. You will be left behind anyways, when you do so.
|
|
|
|
jaybits
Newbie
Offline
Activity: 28
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 10:13:10 AM |
|
New York is fail boat if they think they can regulate Bit[Suspicious link removed]d luck with that you out dated tards.
Kobayashi cares not what you think.
|
|
|
|
Lethn
Legendary
Offline
Activity: 1540
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 10:15:14 AM |
|
When you listen to Andreas Antonopolis in front of the Canadian committee and how this senators react to his answers, you pretty much see that the game has already changed in favor to Bitcoin, at least in Canada. So, New York or even USA regulate how much you ever want. You will be left behind anyways, when you do so.
I've been amazed at Canada's response, unusually rational, but then again their Canadian Royal Mint produces Gold/Silver bars and as far as I know they actually have a reasonably well run economy. Considering New York has the stock exchange and is supposed to be a financial capital they're going to look like morons with these new laws. That said, New York has been known to introduce some ridiculous laws, Mayor Bloomberg did something with fucking limits on how big of a coke cup you could buy awhile back and then said it was okay to carry around a certain amount of marijuana lol.
|
|
|
|
runam0k
Legendary
Offline
Activity: 1092
Merit: 1001
Touchdown
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 10:44:20 AM |
|
Support the EFF and follow their advice by emailing the NYDFS.
|
|
|
|
Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 10:47:32 AM |
|
Places to do business with bitcoin:
New York
|
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
|
|
|
altcointalk.org
Newbie
Offline
Activity: 14
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 10:56:35 AM |
|
When you listen to Andreas Antonopolis in front of the Canadian committee and how this senators react to his answers, you pretty much see that the game has already changed in favor to Bitcoin, at least in Canada. So, New York or even USA regulate how much you ever want. You will be left behind anyways, when you do so.
Exactly. The technology will survive and thrive and those that don't embrace it will be left behind.
|
|
|
|
bitsmichel
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 11:44:05 AM |
|
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Faltcoinpress.com%2Fwp-content%2Fuploads%2F2014%2F10%2Fny_hotdog_vendor-660x400.jpg&t=665&c=tLIMFbq5PnG7Pw) Remember the pain and suffering we all experienced when China banned Bitcoin last year? Well, a new form of punishment is on the horizon for Bitcoin thanks to New York’s Superintendent of Financial Services, Benjamin Lawsky. This new artificially imposed homicide might as well be called – Death by Regulation. Imagine walking up to a New York street vendor in Times Square to purchase a foot-long hot dog and being asked to provide your name and home address. If you’re paying with cash, no need to fret. But if you’re paying in Bitcoin or some other digital currency, be prepared to answer a series of questions before enjoying your tasty treat. I have not been in New York in a while but I doubt they would ask a series of questions. Imagine you are about to make a sale: would you start asking the customer hundreds of questions? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
|
|
|
|
huoiuu
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 182
Merit: 100
★Bitin.io★ - Instant Exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 11:54:56 AM |
|
This is a frustrating news。
New York ,what are you doing?
|
|
|
|
CryptoCarmen
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 01:01:42 PM |
|
I think NY slapped them self a death sentence.
|
|
|
|
Monkeynutz
Newbie
Offline
Activity: 30
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 01:03:15 PM |
|
I have couple buddies there, they heard this too and aren't happy. I mean I cant understnad WHY NY wants to be that tight? I can understnad some reg's but this much?? More b.s. poitics behind it. Didn't knwo they became a commie or nazi city overnight?!!
|
|
|
|
R2D221
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
October 16, 2014, 01:38:09 PM |
|
Bitcoin looks to slap New York with reality check. Bitcoin is sovereign, New York is not.
BTCitcoin takes too long. No one wants to wait behind someone with a paper wallet. especially when all they have to do is slide their card That's similar to paying with a check. Why would you pay for your hot dog with a check?
|
An economy based on endless growth is unsustainable.
|
|
|
|