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(Ars Technica)   The American government would like you to know that they have the authority to regulate Bitcoins   (arstechnica.com) divider line 14
    More: Asinine, Commodity Futures Trading Commission, bitcoins, United States, derivatives trading, virtual currency, monopoly money  
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3717 clicks; posted to Business » on 07 May 2013 at 1:25 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-07 01:58:57 PM
3 votes:
I've got all my money in Camel Cash.  You'll all be sorry when your dollars are worthless and I'm looking stylish in my Smokin' Joe windbreaker.

3.bp.blogspot.com
2013-05-07 12:07:32 PM
3 votes:
If you want your virtual, encrypted, anonymous currency to remain free of the government, you need to move it to the fictional South Pacific island nation of Kinakuta.
2013-05-07 02:43:45 PM
2 votes:

Mr.Insightful: ontariolightning: Why is it asinine? This was inevitable. And necessary.

Because libertarians believe that if you close your eyes, stick your fingers in your ears, and go "la la la la la", then government goes away.
Oh, except for all the roads, schools, and bridges that happen automatically somehow, or could be done better if someone held a monopoly on it, and could charge whatever they wanted.


Kinda reminded me of the "Go Galt! Stick it to the takers" article that gave ideas for ways to avoid taxation that included "Go to the park!"

The taxpayer provided park.

*facepalm*

http://conservativehideout.com/2012/11/09/is-it-time-to-go-galt-some -s imple-ways-to-avoid-feeding-the-beast/
2013-05-07 02:14:43 PM
2 votes:

ontariolightning: Why is it asinine? This was inevitable. And necessary.


Because libertarians believe that if you close your eyes, stick your fingers in your ears, and go "la la la la la", then government goes away.
Oh, except for all the roads, schools, and bridges that happen automatically somehow, or could be done better if someone held a monopoly on it, and could charge whatever they wanted.
2013-05-07 05:35:36 PM
1 votes:
Bitcoin was designed from the ground up to make this next to impossible. They may have the authority but it's meaningless because they can't even begin to enforce it.
2013-05-07 04:38:47 PM
1 votes:

Lawyers With Nukes: Serfs, this is just a friendly little reminder that we can control anything and anyone at any time, if we should so choose.

There is no escaping the tax farms we've setup for you, what you call "nations".

In fact most of you are so dependent on us, you'll attack each other to make sure everyone stays in their little pens.

So please, stop with the Bitcoin nonsense. We control everything. We control your money. We control value itself.

Regards,
LWN, Your Elected Representatives


Needs more sheeple.
2013-05-07 04:09:18 PM
1 votes:
Serfs, this is just a friendly little reminder that we can control anything and anyone at any time, if we should so choose.

There is no escaping the tax farms we've setup for you, what you call "nations".

In fact most of you are so dependent on us, you'll attack each other to make sure everyone stays in their little pens.

So please, stop with the Bitcoin nonsense. We control everything. We control your money. We control value itself.

Regards,
LWN, Your Elected Representatives
2013-05-07 02:57:12 PM
1 votes:
Maybe I will have a party, Bart Chilton.
2013-05-07 02:34:34 PM
1 votes:

Dr Dreidel: The Stealth Hippopotamus: But your time is converted to gold and items those items have a real world value, so what is stopping Uncle Sam from taking a share of that?!

Just in case I'm accused of threadjacking: I'm just wondering how we'll keep the genie in the bottle when it comes to other computer based currencies

When you sell stuff, you're supposed to pay taxes on that sale (depending on locale - though the Feds always want theirs. You still would pay taxes on the income earned from the sale to the Feds). Buying WOWgold (or Melthazaringrad's +2 CHR Sword of Bug-Slicing or whatever) is just like buying bananas in that sense.

BitCoins aren't goods (and you'd basically have to repudiate the entire history and raison d'etre of BitCoins to make that argument) - they're currency. The only law needed in this case is to make sure they're covered by existing laws covering currency markets.

// I don't think you're 'jacking
// NTTAWWT


could you also compare the exchange to buying coconuts?

/ducks and runs
2013-05-07 02:28:19 PM
1 votes:
BitCoin will never catch on because I don't understand it at all.
2013-05-07 02:26:07 PM
1 votes:
I have a bunch of tokens from an arcade that doesn't exist anymore. I figure they're worth a few million due to scarcity....so does anyone have drugs to sell?
2013-05-07 01:52:14 PM
1 votes:
Man, government oversight would really harsh my techno-anarchist buzz. I better move all my money into fartcredits.
2013-05-07 01:16:18 PM
1 votes:
but satoshi dice is soo soo fun!
2013-05-07 12:25:47 PM
1 votes:
Good luck with that.
 
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