A 'troll' is not someone who just disagrees with you. You are also completely misrepresenting my argument, I believe maliciously.
Bitcoin is not illegal. It is accepted by shops and businesses across the US (see coinmap.org).
These other payment systems are not engaging in 'nefarious activities'. Where did I say this? What I did say is that these are all doing the same as bitcoin apps - enabling electronic transfer of value between individuals and businesses. So why are these allowed when bitcoin apps aren't?
A troll is someone that is purposely being obtuse to derail a thread but I'll give you one last chance to prove you are not. If bitcoin is a legal tender in the US and fully allowed by law or recognized by a legal system to be valid for meeting a financial obligation where is written as such? Why would the US government support an untraceable, unaccountable form of currency at all, much less that is so new? Bonus question: If I take the heroin molecule and slightly convert its structure slightly to be something new but still offer the same effects of heroin does that mean I can see this new drug without any fear of penalty simply because it's not defined as being an illegal substance since I just created it?
You are the one that sounds like a horrible person but if you really want an unregistered form of currency that is accepted by financial institutions per government regulations you should trade in bearer bonds.
if money laundering is considered legal then Apple should definitely allow these kind of apps.
Yeah, and they should outlaw any other kind of app that uses US dollars also, since 99% of money laundering uses US currency.
Quote:
Originally Posted by SolipsismX
If bitcoin is a legal tender in the US and fully allowed by law or recognized by a legal system to be valid for meeting a financial obligation where is written as such? Why would the US government support an untraceable, unaccountable form of currency at all, much less that is so new? Bonus question: If I take the heroin molecule and slightly convert its structure slightly to be something new but still offer the same effects of heroin does that mean I can see this new drug without any fear of penalty simply because it's not defined as being an illegal substance since I just created it?
I don't know what your obsession with legal tender is, and I don't see why it matters at all. Legal tender just means that people have an obligation to accept it as payment, other "non-legal tender" forms of payment are fine too. The opposite of "legal tender" is not "illegal tender", and bit coin is fully allowed by law.
The US government already supports an untraceable, accountable form of currency - physical $100 bills.
Yeah, and they should outlaw any other kind of app that uses US dollars also, since 99% of money laundering uses US currency.
If only there was a way to make banknotes and electronic transfers traceable using a nation's legal currency¡
I don't know what your obsession with legal tender is, and I don't see why it matters at all. Legal tender just means that people have an obligation to accept it as payment, other "non-legal tender" forms of payment are fine too. The opposite of "legal tender" is not "illegal tender", and bit coin is fully allowed by law.
Nope! It's not. There are several countries that have deemed it illegal. Do you honestly think otters won't follow. Bath Salts weren't illegal at first either and there are still counties that haven't outlawed it so I guess that means you can smoke it and then go eat someone's face.
Personal attacks are against the terms of service for the site, I believe. And also an indication that you have little to say of value and are resorting to bottom of the barrel tactics.
Learn to read. I didn't say you're stupid or ask you not to be stupid. I clearly requested that your comments not be stupid. The very fact that I made the request to you to stop making stupid comments indicates that I believe you are capable of not making stupid comments, otherwise my sentiment would be wasted.
It wasn't a stupid comment, $100 bills are actually less accountable than bit coin since bit coin isn't really anonymous. And you must still be out of good arguments.
It wasn't a stupid comment, $100 bills are actually less accountable than bit coin since bit coin isn't really anonymous. And you must still be out of good arguments.
Now your argument is that banknotes don't have any info about the issuing body or a unique serial that can be traced or used to verify it's authenticity?
Now your argument is that banknotes don't have any info about the issuing body or a unique serial that can be traced or used to verify it's authenticity?
The notes have serial numbers, but they are still less traceable and accountable than bit coin. If you care enough, you can figure out who bought what with bitcoin, and most of the time you can't with cash.
Any argument that says we should ban bit coins because they are "untraceable" and used for black market transactions can be used even more effectively as an argument to say that we should ban physical cash. There is a reason that almost all black market transactions are done in $100 bills.
And if you ban cash and bitcoin both? Then some other thing will take its place, probably gold and silver coins, followed by any number of other things. Unlocked iPhones are a unit of black market exchange in South America right now.
The government will ban bit coin and try to kill it eventually, but saying that it is because of its semi-anoymous nature or its use in black market transactions is totally missing the point. Nobody (but you apparently) cares about those things, because the government is powerless to stop black market transactions no matter how many units of exchange it bans.
The notes have serial numbers, but they are still less traceable and accountable than bit coin. If you care enough, you can figure out who bought what with bitcoin, and most of the time you can't with cash.
Any argument that says we should ban bit coins because they are "untraceable" and used for black market transactions can be used even more effectively as an argument to say that we should ban physical cash. There is a reason that almost all black market transactions are done in $100 bills.
And if you ban cash and bitcoin both? Then some other thing will take its place, probably gold and silver coins, followed by any number of other things. Unlocked iPhones are a unit of black market exchange in South America right now.
The government will ban bit coin and try to kill it eventually, but saying that it is because of its semi-anoymous nature or its use in black market transactions is totally missing the point. Nobody (but you apparently) cares about those things, because the government is powerless to stop black market transactions no matter how many units of exchange it bans.
So when Walter White bought a car wash to launder all that money he illegally earned it was a pointless endeavor?
And now it's impossible for individual bills to be tracked by the government when they get processed by financial institutions?
So when Walter White bought a car wash to launder all that money he illegally earned it was a pointless endeavor?
And now it's impossible for individual bills to be tracked by the government when they get processed by financial institutions?
Its true that it is difficult to launder black market cash inside the US because of deposit limits and reporting, but that does not matter because most black market cash gets deposited in Mexico or Afghanistan.
And obviously, now we need to ban small businesses like car washes, because they can be used to launder money just like bitcoin can. 8-)
It's amazing and terrifying how people on this web site will defend Apple no matter what. This is simple anti-competitive behavior.
Don't be naive. That means they would have to ban US currency too. Also, virtually every other currency in existence. Also PayPal.
Don't you people get that, by allowing Apple (or Google) to ban/approve apps and content, you no longer have control over your own personal lives.
Get a clue dude. Apple can get sued and has been sued for not removing apps that support criminal activities quickly enough.
BitCoin cannot be compared with other legal currencies.
There are local and international laws that apply to globally accepted currencies, there are none for BitCoin.
BitCoin is not legal and will likely be shutdown.
I may likely linger around in an underground world that no legal corporation would want to be associated with.
...Let the drug dealers kill themselves over it when they run into disputes.
From Wikipedia...
Legal issues and status
Criminal activity linked to Bitcoin has largely centered around theft of the currency, the use of botnets for mining, and the illicit use of bitcoins in exchange for illegal items or services. Certain nation states may feel that its use in circumventing capital controls is also undesirable.[10] While some governments have taken a hands-off approach, others have moved to regulate Bitcoin and similar, private currencies. Critics have accused Bitcoin of being a Ponzi scheme.[91] A case study report by the European Central Bank observes that the Bitcoin currency system shares some characteristics with Ponzi schemes, but also has characteristics that are distinct from the common aspects of such schemes.[92]
Get a clue dude. Apple can get sued and has been sued for not removing apps that support criminal activities quickly enough.
<span style="line-height:1.4em;">BitCoin cannot be compared with other legal currencies. </span>
There are local and international laws that apply to globally accepted currencies, there are none for BitCoin.
BitCoin is not legal and will likely be shutdown.
<span style="line-height:1.4em;">I may likely linger around in an underground world that no legal corporation would want to be associated with.</span>
<span style="line-height:1.4em;">...Let the drug dealers kill themselves over it when they run into disputes.</span>
It should be compared to an unregulated and unsecured derivatives, not put on par with a nation's system of money.
You have to question any currency where the users are ultimately cashing it in for real money.
Russia, Iceland, and Thailand have all have made it illegal, which is pretty damn fast for something that is so new and still such an insignificant blip. Even new drugs that kill children take longer to become controlled substances.
Do you think that as it gets more attention that it will somehow gain legitimacy? Apple removed all apps because of where it's not going, not inspire of. I see this as the beginning of the end for bitcoin.
A troll is someone that is purposely being obtuse to derail a thread but I'll give you one last chance to prove you are not. If bitcoin is a legal tender in the US and fully allowed by law or recognized by a legal system to be valid for meeting a financial obligation where is written as such? Why would the US government support an untraceable, unaccountable form of currency at all, much less that is so new? Bonus question: If I take the heroin molecule and slightly convert its structure slightly to be something new but still offer the same effects of heroin does that mean I can see this new drug without any fear of penalty simply because it's not defined as being an illegal substance since I just created it?
Charlie Shrem was arrested and charged with operating an unlicensed money transmitting business by the US govt, so that means that they at the very least acknowledge it as 'money'.
Charlie Shrem was arrested and charged with operating an unlicensed money transmitting business by the US govt, so that means that they at the very least acknowledge it as 'money'.
Do the charges specifically use the term money without any further qualification or alternative terminologies to include any medium of exchange, or is that just a website's reporting on the arrest?
Russia, Iceland, and Thailand have all have made it illegal, which is pretty damn fast for something that is so new and still such an insignificant blip. Even new drugs that kill children take longer to become scheduled substances.
Do you think that as it gets more attention that it will somehow gain legitimacy? Apple removed all apps because of where it's not going, not inspire of. I see this as the beginning of the end for bitcoin.
Comments
What a horrible person you must be.
let me guess- struck a nerve with you, huh?
Maybe its the quick ink party tattoo on your arm that says "Mom" that really is the issue...
A troll is someone that is purposely being obtuse to derail a thread but I'll give you one last chance to prove you are not. If bitcoin is a legal tender in the US and fully allowed by law or recognized by a legal system to be valid for meeting a financial obligation where is written as such? Why would the US government support an untraceable, unaccountable form of currency at all, much less that is so new? Bonus question: If I take the heroin molecule and slightly convert its structure slightly to be something new but still offer the same effects of heroin does that mean I can see this new drug without any fear of penalty simply because it's not defined as being an illegal substance since I just created it?
You are the one that sounds like a horrible person but if you really want an unregistered form of currency that is accepted by financial institutions per government regulations you should trade in bearer bonds.
if money laundering is considered legal then Apple should definitely allow these kind of apps.
Yeah, and they should outlaw any other kind of app that uses US dollars also, since 99% of money laundering uses US currency.
If bitcoin is a legal tender in the US and fully allowed by law or recognized by a legal system to be valid for meeting a financial obligation where is written as such? Why would the US government support an untraceable, unaccountable form of currency at all, much less that is so new? Bonus question: If I take the heroin molecule and slightly convert its structure slightly to be something new but still offer the same effects of heroin does that mean I can see this new drug without any fear of penalty simply because it's not defined as being an illegal substance since I just created it?
I don't know what your obsession with legal tender is, and I don't see why it matters at all. Legal tender just means that people have an obligation to accept it as payment, other "non-legal tender" forms of payment are fine too. The opposite of "legal tender" is not "illegal tender", and bit coin is fully allowed by law.
The US government already supports an untraceable, accountable form of currency - physical $100 bills.
If only there was a way to make banknotes and electronic transfers traceable using a nation's legal currency¡
Nope! It's not. There are several countries that have deemed it illegal. Do you honestly think otters won't follow. Bath Salts weren't illegal at first either and there are still counties that haven't outlawed it so I guess that means you can smoke it and then go eat someone's face.
Learn to read. I didn't say you're stupid or ask you not to be stupid. I clearly requested that your comments not be stupid. The very fact that I made the request to you to stop making stupid comments indicates that I believe you are capable of not making stupid comments, otherwise my sentiment would be wasted.
PS: Please stop making stupid comments.
You make it sound like a modern day pyramid scheme.
PS: Please stop making stupid comments.
It wasn't a stupid comment, $100 bills are actually less accountable than bit coin since bit coin isn't really anonymous. And you must still be out of good arguments.
Now your argument is that banknotes don't have any info about the issuing body or a unique serial that can be traced or used to verify it's authenticity?
<Insert obligatory post script>
Now your argument is that banknotes don't have any info about the issuing body or a unique serial that can be traced or used to verify it's authenticity?
The notes have serial numbers, but they are still less traceable and accountable than bit coin. If you care enough, you can figure out who bought what with bitcoin, and most of the time you can't with cash.
Any argument that says we should ban bit coins because they are "untraceable" and used for black market transactions can be used even more effectively as an argument to say that we should ban physical cash. There is a reason that almost all black market transactions are done in $100 bills.
And if you ban cash and bitcoin both? Then some other thing will take its place, probably gold and silver coins, followed by any number of other things. Unlocked iPhones are a unit of black market exchange in South America right now.
The government will ban bit coin and try to kill it eventually, but saying that it is because of its semi-anoymous nature or its use in black market transactions is totally missing the point. Nobody (but you apparently) cares about those things, because the government is powerless to stop black market transactions no matter how many units of exchange it bans.
So when Walter White bought a car wash to launder all that money he illegally earned it was a pointless endeavor?
And now it's impossible for individual bills to be tracked by the government when they get processed by financial institutions?
So when Walter White bought a car wash to launder all that money he illegally earned it was a pointless endeavor?
And now it's impossible for individual bills to be tracked by the government when they get processed by financial institutions?
Its true that it is difficult to launder black market cash inside the US because of deposit limits and reporting, but that does not matter because most black market cash gets deposited in Mexico or Afghanistan.
And obviously, now we need to ban small businesses like car washes, because they can be used to launder money just like bitcoin can. 8-)
It's amazing and terrifying how people on this web site will defend Apple no matter what. This is simple anti-competitive behavior.
Don't be naive. That means they would have to ban US currency too. Also, virtually every other currency in existence. Also PayPal.
Don't you people get that, by allowing Apple (or Google) to ban/approve apps and content, you no longer have control over your own personal lives.
Get a clue dude. Apple can get sued and has been sued for not removing apps that support criminal activities quickly enough.
BitCoin cannot be compared with other legal currencies.
There are local and international laws that apply to globally accepted currencies, there are none for BitCoin.
I may likely linger around in an underground world that no legal corporation would want to be associated with.
...Let the drug dealers kill themselves over it when they run into disputes.
From Wikipedia...
Legal issues and status
Criminal activity linked to Bitcoin has largely centered around theft of the currency, the use of botnets for mining, and the illicit use of bitcoins in exchange for illegal items or services. Certain nation states may feel that its use in circumventing capital controls is also undesirable.[10] While some governments have taken a hands-off approach, others have moved to regulate Bitcoin and similar, private currencies. Critics have accused Bitcoin of being a Ponzi scheme.[91] A case study report by the European Central Bank observes that the Bitcoin currency system shares some characteristics with Ponzi schemes, but also has characteristics that are distinct from the common aspects of such schemes.[92]
It should be compared to an unregulated and unsecured derivatives, not put on par with a nation's system of money.
You have to question any currency where the users are ultimately cashing it in for real money.
BitCoin is not legal
huh? Do you have a reference for this?
Russia, Iceland, and Thailand have all have made it illegal, which is pretty damn fast for something that is so new and still such an insignificant blip. Even new drugs that kill children take longer to become controlled substances.
Do you think that as it gets more attention that it will somehow gain legitimacy? Apple removed all apps because of where it's not going, not inspire of. I see this as the beginning of the end for bitcoin.
Charlie Shrem was arrested and charged with operating an unlicensed money transmitting business by the US govt, so that means that they at the very least acknowledge it as 'money'.
Do the charges specifically use the term money without any further qualification or alternative terminologies to include any medium of exchange, or is that just a website's reporting on the arrest?
huh? Do you have a reference for this?
http://www.reuters.com/article/2014/02/09/us-russia-bitcoin-idUSBREA1806620140209
http://news.msn.com/science-technology/russian-authorities-say-bitcoin-illegal?ocid=newssocial
Just because everyone abusing it is not going to jail does not mean it is legal.
Did you mean controlled substance?