[Chugalug] Bitcoin Regulation

Stephen Kraus ub3ratl4sf00 at gmail.com
Mon Aug 12 20:00:58 UTC 2013


Congrats, its a currency now. Virtual or not, currencies are going to be
regulated.
On Aug 12, 2013 2:13 PM, "Jon Stanford" <jbirdvegas at aokp.co> wrote:

> 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 <dave at brockmans.com> wrote:
>
> >-----BEGIN PGP SIGNED MESSAGE-----
> >Hash: SHA1
> >
> >On 8/12/2013 2:20 PM, David White wrote:
> >> 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/
> >
> >
> >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
> >
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