If anyone thinks what is now effectively a criminal mob op(the U.S. govt.) in DC is going to allow any sort of money system where they(and their behind the scenes bosses) do not take substantial tribute from, then they must be smoking soon to be legalized (and taxed) Mary Jane.
I can't wait for those Bitcoin ATM's that reportedly are in Canada to make their way into the U.S. - LOL!
http://www.cutimes.com/2013/11/11/senate-panel-sets-bitcoin-hearing Senate Panel Sets Bitcoin Hearing The Senate Homeland Security & Governmental Affairs Committee will hold a hearing on Monday, Nov. 18, about the future of virtual currencies including bitcoin. Two panels are scheduled to address the committee during the hearing titled, “Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies.”[...] In August of this year, Senate Homeland Security & Government Affairs Committee Chairman Thomas Carper (D-Del.) and Ranking Member Tom Coburn (R-Okla.) wrote a letter about the need for the federal government to address virtual currencies to Homeland Security Secretary Janet Napolitano. “Our committee staff has been interviewing individuals inside and outside of government regarding the threats and risks related to virtual currency – and also the promise it holds in some areas,” the letter said. “The expansive nature of this emerging technology demands a holistic and whole-government approach in order to understand and provide a sensible regulatory framework for their existence.”
http://www.cio.com/article/738068/US_Senate_Committee_Takes_a_Hard_Look_At_Virtual_Currencies_Like_Bitcoin US Senate Committee Takes a Hard Look At Virtual Currencies Like Bitcoin IDG News Service (San Francisco Bureau) — A prominent U.S. Senate committee has launched a formal inquiry to investigate criminal activity and other risks tied to the use of virtual currencies such as Bitcoins. But, "their near anonymous and decentralized nature has also attracted criminals who value few things more than being allowed to operate in the shadows," said the letter, which was signed by committee chairman Thomas R. Carper, a Delaware Democrat, and ranking member Tom A. Coburn, a Republican from Oklahoma. As part of the inquiry, committee staff have met with federal law enforcement entities, government officials and various other stakeholders in the business and technology communities over the past several months to learn more about the technology and what its implications are for Congress and the nation at large. "As with all emerging technologies, the federal government must make sure that potential threats and risks are dealt with swiftly; however, we must also ensure that rash or uninformed actions don't stifle a potentially valuable technology," the letter said.government regarding the threats and risks related to virtual currency – and also the promise it holds in some areas,” the letter said. “The expansive nature of this emerging technology demands a holistic and whole-government approach in order to understand and provide a sensible regulatory framework for their existence.”
Oh they will try to stop it, but they will soon then realize there is simply no way to stop it.
The state cannot stop bitcoin any more than it can stop file sharing, drug smuggling, murder or anything else that you can think of. Prohibition does not work.
Bitcoin will create a black hole effect, sucking in the wealth of ALL fiat currencies world wide, including the US dollar. This will happen with or without sanctioned currency exchanges. People will trade them on street corners with mobile phones and laptops if they must. There is no way to stop this.
Bitcoin is the Pandora's Box that will be responsible for deposing the US dollar from its position as the world's reserve currency. Bitcoin will become the dominate reserve currency world wide, just as gold used to be.
That would burn a lot of butts around here if bitcoin's rise were to enable you to do it. I don't think you'll be too far off. I know several people who have already retired with their bitcoin holdings - and not one of them has a gray hair on their head.
I've cashed out of dollars into bitcoins. You can keep the dollars.
ReplyDeleteHahahahaha
ReplyDeleteIf anyone thinks what is now effectively a criminal mob op(the U.S. govt.) in DC is going to allow any sort of money system where they(and their behind the scenes bosses) do not take substantial tribute from, then they must be smoking soon to be legalized (and taxed) Mary Jane.
ReplyDeleteI can't wait for those Bitcoin ATM's that reportedly are in Canada to make their way into the U.S. - LOL!
http://www.cutimes.com/2013/11/11/senate-panel-sets-bitcoin-hearing
Senate Panel Sets Bitcoin Hearing
The Senate Homeland Security & Governmental Affairs Committee will hold a hearing on Monday, Nov. 18, about the future of virtual currencies including bitcoin. Two panels are scheduled to address the committee during the hearing titled, “Beyond Silk Road: Potential Risks, Threats and Promises of Virtual Currencies.”[...]
In August of this year, Senate Homeland Security & Government Affairs Committee Chairman Thomas Carper (D-Del.) and Ranking Member Tom Coburn (R-Okla.) wrote a letter about the need for the federal government to address virtual currencies to Homeland Security Secretary Janet Napolitano.
“Our committee staff has been interviewing individuals inside and outside of government regarding the threats and risks related to virtual currency – and also the promise it holds in some areas,” the letter said.
“The expansive nature of this emerging technology demands a holistic and whole-government approach in order to understand and provide a sensible regulatory framework for their existence.”
http://www.cio.com/article/738068/US_Senate_Committee_Takes_a_Hard_Look_At_Virtual_Currencies_Like_Bitcoin
US Senate Committee Takes a Hard Look At Virtual Currencies Like Bitcoin
IDG News Service (San Francisco Bureau) — A prominent U.S. Senate committee has launched a formal inquiry to investigate criminal activity and other risks tied to the use of virtual currencies such as Bitcoins.
But, "their near anonymous and decentralized nature has also attracted criminals who value few things more than being allowed to operate in the shadows," said the letter, which was signed by committee chairman Thomas R. Carper, a Delaware Democrat, and ranking member Tom A. Coburn, a Republican from Oklahoma.
As part of the inquiry, committee staff have met with federal law enforcement entities, government officials and various other stakeholders in the business and technology communities over the past several months to learn more about the technology and what its implications are for Congress and the nation at large.
"As with all emerging technologies, the federal government must make sure that potential threats and risks are dealt with swiftly; however, we must also ensure that rash or uninformed actions don't stifle a potentially valuable technology," the letter said.government regarding the threats and risks related to virtual currency – and also the promise it holds in some areas,” the letter said.
“The expansive nature of this emerging technology demands a holistic and whole-government approach in order to understand and provide a sensible regulatory framework for their existence.”
Oh they will try to stop it, but they will soon then realize there is simply no way to stop it.
DeleteThe state cannot stop bitcoin any more than it can stop file sharing, drug smuggling, murder or anything else that you can think of. Prohibition does not work.
Bitcoin will create a black hole effect, sucking in the wealth of ALL fiat currencies world wide, including the US dollar. This will happen with or without sanctioned currency exchanges. People will trade them on street corners with mobile phones and laptops if they must. There is no way to stop this.
Bitcoin is the Pandora's Box that will be responsible for deposing the US dollar from its position as the world's reserve currency. Bitcoin will become the dominate reserve currency world wide, just as gold used to be.
I currently have 5 bitcoins.
ReplyDeleteI'm 37 now, and I plan on using those 5 coins to fund my entire multi-decade retirement.
That would burn a lot of butts around here if bitcoin's rise were to enable you to do it. I don't think you'll be too far off. I know several people who have already retired with their bitcoin holdings - and not one of them has a gray hair on their head.
Delete