[Chugalug] Bitcoin Regulation

Dave Brockman dave at brockmans.com
Tue Aug 13 00:21:18 UTC 2013


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On 8/12/2013 3:12 PM, Jon Stanford 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.

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.

> 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.

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
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