Bitcoin Forum
November 10, 2024, 03:04:08 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How is this legal?  (Read 1401 times)
Mike Jones (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 0



View Profile
July 30, 2012, 03:56:07 AM
 #1

Don't most countries have strict laws regarding securities? Just how well are you guys doing?
casascius
Mike Caldwell
VIP
Legendary
*
Offline Offline

Activity: 1386
Merit: 1140


The Casascius 1oz 10BTC Silver Round (w/ Gold B)


View Profile WWW
July 30, 2012, 04:06:54 AM
 #2

Bitcoins are more like commodities than securities.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
Mike Jones (OP)
Newbie
*
Offline Offline

Activity: 14
Merit: 0



View Profile
July 30, 2012, 04:13:02 AM
 #3

Bitcoins are more like commodities than securities.
This made no sense to me at first. Now I see how Bitcoin's legal status means everything.
Bitcoin Oz
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


Wat


View Profile WWW
July 30, 2012, 06:05:24 AM
 #4

Don't most countries have strict laws regarding securities? Just how well are you guys doing?

Bitcoin doesnt belong under one countries jurisdiction.

mc_lovin
Legendary
*
Offline Offline

Activity: 1190
Merit: 1000


www.bitcointrading.com


View Profile WWW
August 01, 2012, 08:24:01 PM
 #5

Bitcoin doesn't have to worry.  I'd be more worried about the companies on GLBSE.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!