FinCEN sounds death knell for US based Bitcoin businesses March 19th, 2013 by Irdial 1DnwFLXczVZV8kLJbMYoheUrpqHesjxrSi It seems that FinCEN has finally decided to opine on Bitcoin , without naming it specifically. This US pronouncement spells death to all “compliant” US Bitcoin compa...
This is hilarious. It is the financial sector regulation and supervision arrangements that have brought Europe to its knees, that has the Greeks out in the street throwing molotov cocktails and the Italians with a bank appointed apparatchick at the helm. If anything, private supervisi...
If the State was staffed by actors who were rational, they would not be attacking these services; they would immediately accept them all as payment for taxes. In this way, they would ensure that whatever happens and whatever systems come to pass, they will have a stake in them and a s...
Recent history has demonstrated amply that the State is not needed to make the magic of the market happen. The evidence for this is all over the internet and is represented by the internet itself. Bitcoin is a threat to traditional banking and the State, just as the internet is a thre...
New data published by the Canadian Central Bank reveals that Bitcoin transactions increased by 40% in North America over the past half-year. During peak hours Bitcoin is credited for more than a third of all online transactions, while Credit Card transactions account for 28 percent of...
We will now cherry pick the parts of this report that jump off of the screen. For sure, this report is one of the most serious ever written coming from a high level government entity. For certain, the penny has dropped in the circles of power about what Bitcoin means to the future of ...
Human trafficking is another straw man argument; anyone who is trafficking in human beings will quite sensibly be using cash to receive or make payments. This is the same bogus argument put forward when attempts were made to regulate cryptography in the 1990s; it was claimed that terr...
If the IRS or anyone else wants to “infiltrate” barter markets or Bitcoin organizations and attempt to record every chicken egg or gallon of milk traded, then I welcome them to try. Please, expend all your precious energies in a futile attempt to chill barter economies or sound money ...
