Bitcoin Regulation

From: David White 
------------------------------------------------------
This looks interesting, especially given the recent discussions on Chugalug
regarding Bitcoin -
http://www.forbes.com/sites/kashmirhill/2013/08/12/every-important-person-in-bitcoin-just-got-subpoenaed-by-new-yorks-financial-regulator/

-- 
David White
Founder & CEO
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Computing, Equipping, Networking, Training & Supporting
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=============================================================== From: Dave Brockman ------------------------------------------------------ -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 In addition to rooting out illegal activity, the department says it wants to make sure Bitcoin company customers? funds are ?safe and sound,? expressing concern about consumer complaints ?about how quickly virtual currency transactions are processed.? WTF? They want to "regulate" virtual currencies. They can't regulate P2P virtual currency. I might need to make popcorn.... this might get good (in a really bad, B-Movie type of way) Regards, dtb -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.17 (MingW32) Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/ iQEcBAEBAgAGBQJSCSsRAAoJEMP+wtEOVbcd3SoIAJClOYsdlzTSBvtIvCWgUZbx 1EgVXQrUIXd2qhiRpYTIvRaxRFDXVyoYR/VElA49ZXyJfW+gjooNT7Vbfs65Vf97 kQgUNQUesy2Z2yZIUoWOGtKzvYFauwAc7jU87UiQPKGhG0q8aAX1xWf4EBVBIKD6 Ea3M5b/6s4g4/MSSTr7Rvc8VfM9WP6Jnt4+n5MFAIiLELJYmtaJxNKfMhbPeQftu FOX/OCU037Nin+NJ2OHChUefR0xsAqKVduglJ3JnVINgZ79+K3w0vJDudI6r9aXq yJd1IQjMrzTtkdYAMDFlAt/fzCC3GAzLyzlMHhK9AWBIhoVjsRs2/zcB0yor280= =miMp -----END PGP SIGNATURE-----

=============================================================== From: Jon Stanford ------------------------------------------------------ Haha uea when they say regulate all I hear is we want to better track the currencies usage. I bet they try to track the "meta-data" (read everything they possibly can track) ie who spends, who received, physical location, how many BCs is transfered, try to links that data to real people and then also analyze that users other financial transactions... All under the guise of preventing drug/terrorist money from changing hands. Now a days all the government has to do is say terrorism and they instantaneously have the right to treat law abiding citizens in the same manner as confirmed terrorists. Almost defeats the original intent of bit coins. Dave Brockman wrote:

=============================================================== From: Stephen Kraus ------------------------------------------------------ Congrats, its a currency now. Virtual or not, currencies are going to be regulated.

=============================================================== From: michael pearson ------------------------------------------------------ Congrats, its a currency now. Virtual or not, currencies are going to be manipulated. Ftfy

=============================================================== From: Dave Brockman ------------------------------------------------------ -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 That is precisely what they want to do. And precisely what a P2P anything will not allow to happen. The lack of central authority makes these things difficult. To be fair, pre 9/11, it was CP. Oddly enough, sheeple didn't throw *all* common-sense to the wind and blindly trust the stormtroopers all in the name of the children, like they do for terrorists. Regards, dtb -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.17 (MingW32) Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/ iQEcBAEBAgAGBQJSCXv+AAoJEMP+wtEOVbcdCGQIALKKmRJoizkJUiOlp3Dv1bp+ U61fFVrBsqpEV8EJ1062f25mr96gzdf9RoK//5Y+wEw06QctZacNvEOhBmq5kDD+ Orz2dDiWWuCC+QbaNDYkwKh+szIZ/UB5J4bP+eNFxEkNRgm7toKsuDiQBggEJhi/ t+CVPlhdjHn2UykfN+riY7SpZ1a2/H+JBv/dkxGXcEUYcq9v4qQyie9Qj0vzQQDz eXJazxsYMli/rDEdKFHoP+gg2qIDtVNs8L9eJOw+JBeh0UqlOsWV0GUa0TSM+Rv1 9CrtAzK9kTL9S3zLEWwtUpWS6B/8fJ8OXHOWOwbvaW9etKB2GXdR+W4eT9HNohQ= =7d6d -----END PGP SIGNATURE-----

=============================================================== From: Dave Brockman ------------------------------------------------------ -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 I stand by my original assessment, it will be impossible to regulate a P2P currency. I can trade it for goods or cash now, so all the academic arguments of whether or not it is an actual currency are moot. It's spendable. All discussion beyond academic theory is over. Regards, dtb -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.17 (MingW32) Comment: Using GnuPG with Thunderbird - http://www.enigmail.net/ iQEcBAEBAgAGBQJSCX1cAAoJEMP+wtEOVbcdlSIH/2hzZDfdGAfHVKpw3aYoax3O Ev0PgIzDIKT2vwcmXMuHdHKNuvlnZiMvkJHIX8AeuIuooBepIgC9RcmQioF+5lXl /0vg9wJnTHozHnc/Z9tDc+R4G+/DQTcAKl+Tqcd9PS72io3g4fhmCqJqETvmzbWT HQa59dkWSSd9MLmmcndpmtjAAlyt1pjazivQH183AhLFiba6wd8+fhf3ZekYOLls RQZ8v5dBY42O3xZtnQNAL0DXOHIqO/eu3HcjY2MWkwae3VRvklwCAB/Qsrjmxwb1 YxLdXxh4DLrdowuL8u2DNRqwTjJi6+wi8w5ECXK0aCrYszrryDOIBVaqRIQsEuo= =U/vv -----END PGP SIGNATURE-----

=============================================================== From: Tyler Mittan ------------------------------------------------------ It will be a lot harder to regulate. Especially with things like Tor out there. Also, I think the academics are on the side of the bitcoin being a currency. For the most part anyway.