American Exchange - Why are we afraid?

[wb3]

America has scared all entrepreneurs overseas, to its own detriment.

  A great opportunity presents itself and instead of a burst of competition and job opportunities, we are cowardly in our fear of the FED and the legal system. Sure we will try to play it safe and report and provide information off of others works and efforts but why doesn't the american entrepreneur go down to the Bank open up a business account and start an exchange? Because we cower in our fear of the FED and lawsuits. The little guy is being held down by fear. It is a sad thing, we see news articles of aldermen calling the Police on the kids selling lemonade from their stand. And the police respond and shut down the operation. Imagine what would happen if the 'Kids' were actually making money and had to hire other people. They would probably get felony charges.

  Common sense has left and been replaced by the police, lawyers, and the courts. Small startups have to already be successful to properly wind through the legal system and avoid all the traps set by the corrupt to avoid competition in their industries. Does the government supporting companies like GE from others help the country by protecting GE? I propose, NO. Sure GE has thousands of employees paying taxes and supporting the economy. However, if 10,000 small companies sprout up with 10 employees each. Who is supporting the Government more, GE or the small guy. Oh, but wait, the small guy can't get Lobby's to bribe lobby the government. So take heart, little guy american BitCoin entrepreneur, if you try to become to big in the financial industry, you will probably be arrested, sued, and sent to jail. Then Wall Street will take over for you and "do it right".

  I am for the Honesty in an American Exchange with the protections provided from corruption but I don't want it to come from Wall Street. All that the reasonable person would want for protection, is dispute resolution, accounting disclosure, ease of transactions. We 'adults' should know that we are taking a risk. And if we loose our money from declines or bad trades, Don't go crying to DADDY. It is my personal belief that the move for Government Regulation and 'Control' is from 'Kids' never learning to be adults. They wan't the Government 'Mommy and Daddy' to help them out and save them from their mistakes.

So in conclusion, American Entrepreneurs, don't work in Fear, fear of the government, fear of the law suits, or fear period. If as I suspect, if you take the risk and grow rapidly and "hire" employees, you just might start a new revolution in financial industries. Just one suggestion please, Don't put your headquarters in New York or California.

[xf2_org]

New York will send prosecutors after you, if an exchange locates in a non-NY state, yet serves NY users.

[river]

America has scared all entrepreneurs overseas, to its own detriment.

  A great opportunity presents itself and instead of a burst of competition and job opportunities, we are cowardly in our fear of the FED and the legal system. Sure we will try to play it safe and report and provide information off of others works and efforts but why doesn't the american entrepreneur go down to the Bank open up a business account and start an exchange? Because we cower in our fear of the FED and lawsuits. The little guy is being held down by fear. It is a sad thing, we see news articles of aldermen calling the Police on the kids selling lemonade from their stand. And the police respond and shut down the operation. Imagine what would happen if the 'Kids' were actually making money and had to hire other people. They would probably get felony charges.

  Common sense has left and been replaced by the police, lawyers, and the courts. Small startups have to already be successful to properly wind through the legal system and avoid all the traps set by the corrupt to avoid competition in their industries. Does the government supporting companies like GE from others help the country by protecting GE? I propose, NO. Sure GE has thousands of employees paying taxes and supporting the economy. However, if 10,000 small companies sprout up with 10 employees each. Who is supporting the Government more, GE or the small guy. Oh, but wait, the small guy can't get Lobby's to bribe lobby the government. So take heart, little guy american BitCoin entrepreneur, if you try to become to big in the financial industry, you will probably be arrested, sued, and sent to jail. Then Wall Street will take over for you and "do it right".

  I am for the Honesty in an American Exchange with the protections provided from corruption but I don't want it to come from Wall Street. All that the reasonable person would want for protection, is dispute resolution, accounting disclosure, ease of transactions. We 'adults' should know that we are taking a risk. And if we loose our money from declines or bad trades, Don't go crying to DADDY. It is my personal belief that the move for Government Regulation and 'Control' is from 'Kids' never learning to be adults. They wan't the Government 'Mommy and Daddy' to help them out and save them from their mistakes.

So in conclusion, American Entrepreneurs, don't work in Fear, fear of the government, fear of the law suits, or fear period. If as I suspect, if you take the risk and grow rapidly and "hire" employees, you just might start a new revolution in financial industries. Just one suggestion please, Don't put your headquarters in New York or California.

I'm confused .. are you talking about the United States or America???  Not all Americans have that issue of fear of torture and death .. only the United States.
And since Bitcoin is GLOBAL .. you have to get your heads out of your collective asses.

EDIT 1: Unless of course you are in reference to the general tyrannical state of Earth right now?

[xf2_org]

Most American citizens don't walk around with a daily fear of torture and death.  That's more than a little silly.

[MoonShadow]

It's not sensible for anyone to set up an exchange server in the one nation that is most likely to become hostile to Bitcoin, particularly when an American can set up an exchange in any juristiction he likes.

[river]

It's not sensible for anyone to set up an exchange server in the one nation that is most likely to become hostile to Bitcoin, particularly when an American can set up an exchange in any juristiction he likes.

Which one .. I don't think any Nation in America is a particularly pro-Bitcoin advocate, but perhaps if you go extra-continental .. like Iceland (thou politically probably part of Europe I think)

[luv2drnkbr]

Christ the S. NY DOJ probably has this thread bookmarked.  Nobody is going to open up in the American market, come on...

Gee somebody should find a way of trading actual gold on the internet--- OHWAIT

Gee somebody should try to make a new currency and get that popular--- OHWAIT

Gee somebody should make a site where you can trade Bitcoins and Paypal automatically--- OHWAIT

Gee internet poker is a booming business, Americans need to get in on--- OHWAIT

The USA ban-hammer comes down on everything.  Nobody is going to have a Bitcoin business registered in the USA.  That's just asking to lose all your money--whatever form it may be in.

[wb3]

Christ the S. NY DOJ probably has this thread bookmarked.  Nobody is going to open up in the American market, come on...

Gee somebody should find a way of trading actual gold on the internet--- OHWAIT

Gee somebody should try to make a new currency and get that popular--- OHWAIT

Gee somebody should make a site where you can trade Bitcoins and Paypal automatically--- OHWAIT

Gee internet poker is a booming business, Americans need to get in on--- OHWAIT

The USA ban-hammer comes down on everything.  Nobody is going to have a Bitcoin business registered in the USA.  That's just asking to lose all your money--whatever form it may be in.

Hmm...

Doesn't mean it can't be done. For example, if Christ has this thread bookmarked, he tell you his biggest regret was going after PokerStars and FullTilt poker. Seriously doubt, he will be back to make that mistake again. He didn't realize how many people he pissed off. Was it illegal, yea. But to many people (voters), were doing it. Many things that are 'illegal' become legal with general public acceptance and use. Politicians have to tread a fine line. If the big business' try to keep the Exchange out buy bribing lobbying them but the people (voters) want it, the politicians will follow the people or get replaced.

An exchange will make BTC mainstream, if BTC is mainstream, it is already to powerful. The time for the Government to shut it down is now. But they are almost always slow and to late to the party. As far as laws are concerned the digital currency will be in courts for a long time because we don't PRINT money, we don't MINT coins. We are in a loop hole. Lawyers will battle it out for years, so get the Exchanges going, once the masses accept BTC, the battle is already won, irregardless of what the lawyers come to as their conclusion.

[luv2drnkbr]

You're original point was "why don't companies take a chance on America" and then in the last post you talked about online poker.  Using that example, do you really think any new online poker company is going to make its home base in the USA?...

[tomcollins]

You're original point was "why don't companies take a chance on America" and then in the last post you talked about online poker.  Using that example, do you really think any new online poker company is going to make its home base in the USA?...

If you don't think that the shutdown wasn't orchestrated and funded by companies that make their home bases in the USA, you are deluded.  The entire point was to destroy the industry so that the politically favored companies (Harrahs, etc...) can open up their own online casinos with a huge advantage. 

[wb3]

You're original point was "why don't companies take a chance on America" and then in the last post you talked about online poker.  Using that example, do you really think any new online poker company is going to make its home base in the USA?...

If you don't think that the shutdown wasn't orchestrated and funded by companies that make their home bases in the USA, you are deluded.  The entire point was to destroy the industry so that the politically favored companies (Harrahs, etc...) can open up their own online casinos with a huge advantage. 

Agreed, it was less than a week before talk of American Casino's wanting a Federal Law for Online Gambling. It is a Billion Dollar industry and that can get laws passed. The Politicians, I don't think, expected the back lash to be so brutal though. I guess they were just unaware as is usually the case that FullTilt and PokerStars was so supported by the masses.

[FreeMoney]

You're original point was "why don't companies take a chance on America" and then in the last post you talked about online poker.  Using that example, do you really think any new online poker company is going to make its home base in the USA?...

They did make billions in revenue and probably hundreds of millions in profit first.

[marcus_of_augustus]

The corruption is so thick you can cut it with a knife ... and you'd be blind not to see it.

USA has become a cesspit for the thieves in Washington and their paymasters.

Bitcoin begone ... ban hammering themselves into oblivion with prudish corruption.

[wb3]

It seems our politicians have forgot the old adage: It is better to get $1 from 100 people, rather than $100 from 1.   But that lesson will quickly re-learned. At the cost of their careers and their bribers lobbyists.

[gareth69]

I think Greece might be a good place to start bitcoin "for real". There's no way they can pay all the Euro they are being asked. They either have to sell off their whole country back to the EU banks (this is the prefered option of EU which was to centralize/control all of Europe), else they have to default.

If they default, the government will come up with some other *crap* system, based on the the same, but smaller scale scam. Then would be a good idea for people to exchange with each other using bitcoin.

[cypherdoc]

America has scared all entrepreneurs overseas, to its own detriment.

  A great opportunity presents itself and instead of a burst of competition and job opportunities, we are cowardly in our fear of the FED and the legal system. Sure we will try to play it safe and report and provide information off of others works and efforts but why doesn't the american entrepreneur go down to the Bank open up a business account and start an exchange? Because we cower in our fear of the FED and lawsuits. The little guy is being held down by fear. It is a sad thing, we see news articles of aldermen calling the Police on the kids selling lemonade from their stand. And the police respond and shut down the operation. Imagine what would happen if the 'Kids' were actually making money and had to hire other people. They would probably get felony charges.

  Common sense has left and been replaced by the police, lawyers, and the courts. Small startups have to already be successful to properly wind through the legal system and avoid all the traps set by the corrupt to avoid competition in their industries. Does the government supporting companies like GE from others help the country by protecting GE? I propose, NO. Sure GE has thousands of employees paying taxes and supporting the economy. However, if 10,000 small companies sprout up with 10 employees each. Who is supporting the Government more, GE or the small guy. Oh, but wait, the small guy can't get Lobby's to bribe lobby the government. So take heart, little guy american BitCoin entrepreneur, if you try to become to big in the financial industry, you will probably be arrested, sued, and sent to jail. Then Wall Street will take over for you and "do it right".

  I am for the Honesty in an American Exchange with the protections provided from corruption but I don't want it to come from Wall Street. All that the reasonable person would want for protection, is dispute resolution, accounting disclosure, ease of transactions. We 'adults' should know that we are taking a risk. And if we loose our money from declines or bad trades, Don't go crying to DADDY. It is my personal belief that the move for Government Regulation and 'Control' is from 'Kids' never learning to be adults. They wan't the Government 'Mommy and Daddy' to help them out and save them from their mistakes.

So in conclusion, American Entrepreneurs, don't work in Fear, fear of the government, fear of the law suits, or fear period. If as I suspect, if you take the risk and grow rapidly and "hire" employees, you just might start a new revolution in financial industries. Just one suggestion please, Don't put your headquarters in New York or California.

is this the GE you speak of?  http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

i totally understand what ur tryin to say here.  a revolutionary currency has been invented that directly attacks the problem of the Fed and gov't and we sit here and cower in fear of when the jackboot will come down.  things are so f*d up here in the USS of A that Gresham's Law dominates in so many areas.  the bad has driven out the good thru and thru.