U.S. government is going after Bitcoin

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  • Exit-chat
    Confirmed User
    • Oct 2008
    • 444
    #1

    U.S. government is going after Bitcoin

    Not satisfied with eliminating digital piracy from the world, two U.S. senators want to crack down on Bitcoin, an open-source digital currency.

    Senators Charles Schumer and Joe Manchin are pressing officials to take action against Bitcoin, which Gawker recently claimed is being used on underground black markets to purchase illegal drugs. The senators expressed their concerns in a letter to Attorney General Eric Holder and Drug Enforcement Administration chief Michele Leonhart, Reuters reports.

    Unlike other currencies, Bitcoin uses a peer-to-peer technology to manage transactions and validate payments. Since no bank is involved, purchases don?t leave a paper trail for law enforcement agencies to track criminal activity.

    The rest here:
    http://venturebeat.com/2011/06/08/go...ource=facebook
    Rick Bennink
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    • _Richard_
      Too lazy to set a custom title
      • Oct 2006
      • 30991
      #2
      "Gawker — Today's gossip is tomorrow's news" lol

        Comment

        • Brad Mitchell
          Confirmed User
          • Nov 2001
          • 9813
          #3
          Everyone says why don't you open a money transfer service.. my god, to deal with problems like that, what a headache.

          Brad
          President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
          71 industry awards for hosting and professional excellence since 1999

            Comment

            • TheSquealer
              Mayor of Thneedville
              • Oct 2004
              • 26174
              #4
              Well Duh!?! upsetting the world monetary system and circumventing traditional banking systems isn't going to benefit anyone in the long run.

              Why not just lobby to remove any and all banking and financial regulations in every country? That should end well for everyone.
              .
              Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

              Rochard

                Comment

                • JD
                  Too lazy to set a custom title
                  • Sep 2003
                  • 22651
                  #5
                  "Gawker recently claimed is being used on underground black markets to purchase illegal drugs"

                  lol you mean like any currency found on the planet? AMAZING!

                    Comment

                    • 96ukssob
                      So Fucking Banananananas
                      • Mar 2003
                      • 12991
                      #6
                      Email: Clicky on Me

                        Comment

                        • Manga1
                          Confirmed User
                          • Oct 2001
                          • 952
                          #7
                          "Since no bank is involved, purchases don?t leave a paper trail for law enforcement agencies to track criminal activity."

                          Imagine that, the banks and police not being able to track your every move. Using gold or silver would probably look the same.

                            Comment

                            • Jon
                              Confirmed User
                              • Jun 2002
                              • 2578
                              #8
                              Originally posted by TheSquealer
                              Why not just lobby to remove any and all banking and financial regulations in every country? That should end well for everyone.
                              Because when you have a lobby firm at your disposal you typically want to use it to make yourself lots more cash and gain lots more power. Wasting it on silly shit like that is well.. silly.
                              WickedFire.com - Stay here. We don't need more of you. Not unless you have money, then, fine...

                                Comment

                                • V_RocKs
                                  Damn Right I Kiss Ass!
                                  • Nov 2003
                                  • 32449
                                  #9
                                  US Currency is also used to buy drugs on the black market!

                                  It is also used to finance wars...

                                    Comment

                                    • Emil
                                      Confirmed User
                                      • Feb 2007
                                      • 5658
                                      #10
                                      lol, the banks just dont like Bitcoin. They probably thinks it best to try to kill it before it grows really big.

                                      As far as I know most drugs are still bought in other currencies. To take down Bitcoin because people may use it to buy drugs is just silly. That is not the reason they want to take it down.
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                                        Comment

                                        • TheSquealer
                                          Mayor of Thneedville
                                          • Oct 2004
                                          • 26174
                                          #11
                                          Originally posted by NiteChatDotTV
                                          Because when you have a lobby firm at your disposal you typically want to use it to make yourself lots more cash and gain lots more power. Wasting it on silly shit like that is well.. silly.
                                          rhe·tor·i·cal ques·tion
                                          a statement that is formulated as a question but that is not supposed to be answered; "he liked to make his points with rhetorical questions". More »
                                          wordnetweb.princeton.edu/perl/webwn
                                          .
                                          Yes, fewer illegal immigrants working equates to more job opportunities for American citizens.

                                          Rochard

                                            Comment

                                            • onwebcam
                                              Fake Nick 1.0
                                              • Oct 2005
                                              • 27689
                                              #12
                                              The can't stand competition. I wonder if they will charge them with terrorism like they did the gold coin guy.
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                                                Comment

                                                • mayabong
                                                  Confirmed User
                                                  • Jan 2010
                                                  • 1952
                                                  #13
                                                  Originally posted by onwebcam
                                                  The can't stand competition. I wonder if they will charge them with terrorism like they did the gold coin guy.
                                                  Thats the beauty of it, there's not "them" to charge because there is no center. Its all P2P
                                                  Bitcoin Gambling Sites

                                                    Comment

                                                    • Serge Litehead
                                                      Confirmed User
                                                      • Dec 2002
                                                      • 5190
                                                      #14


                                                      lets ban cash while we're at it!

                                                        Comment

                                                        • Love Sex
                                                          Confirmed User
                                                          • Nov 2004
                                                          • 1905
                                                          #15
                                                          Originally posted by V_RocKs
                                                          US Currency is also used to buy drugs on the black market!

                                                          It is also used to finance wars...
                                                          And thats the winner. I dont see how they can really stop bit coin.

                                                            Comment

                                                            • $5 submissions
                                                              I help you SUCCEED
                                                              • Nov 2003
                                                              • 32195
                                                              #16
                                                              The Illimunati wills it. So it must be done.

                                                              /wink

                                                                Comment

                                                                • DangerX !!!
                                                                  Confirmed User
                                                                  • Feb 2011
                                                                  • 886
                                                                  #17
                                                                  U.S. & Israeli governments want to take over everything that they don't have control yet like African countries oil or some parts of the Internet. They are like fucking locust of the world. Fuck off from the internet and fuck off from other countries, you would do better concentrating on your own problems like unemployment rate and so on.
                                                                  __________________
                                                                  This is sig area!

                                                                    Comment

                                                                    • woj
                                                                      <&(©¿©)&>
                                                                      • Jul 2002
                                                                      • 47882
                                                                      #18
                                                                      Originally posted by Love Sex
                                                                      And thats the winner. I dont see how they can really stop bit coin.
                                                                      How about make it illegal to use it? With no one legit using it, that currency will be completely useless...
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                                                                        • u-Bob
                                                                          there's no $$$ in porn
                                                                          • Jul 2005
                                                                          • 33063
                                                                          #19
                                                                          It was to be expected. They'll go after anything that threatens their monopoly.

                                                                            Comment

                                                                            • ottopottomouse
                                                                              She is ugly, bad luck.
                                                                              • Jan 2010
                                                                              • 13177
                                                                              #20
                                                                              Originally posted by woj
                                                                              How about make it illegal to use it? With no one legit using it, that currency will be completely useless...
                                                                              Because prohibition is always a success?
                                                                              ↑ see post ↑
                                                                              13101

                                                                                Comment

                                                                                • barcodes
                                                                                  Confirmed User
                                                                                  • Mar 2011
                                                                                  • 2040
                                                                                  #21
                                                                                  Originally posted by Emil
                                                                                  lol, the banks just dont like Bitcoin. They probably thinks it best to try to kill it before it grows really big.

                                                                                  As far as I know most drugs are still bought in other currencies. To take down Bitcoin because people may use it to buy drugs is just silly. That is not the reason they want to take it down.
                                                                                  Not trolling or anything but didn't you in a previous bitcoin thread say it couldn't be taken down. I think it was you or your friend that was a bitcoin dealer or converter or something like that, i forget as its been a while.
                                                                                  Last edited by barcodes; 06-09-2011, 03:18 PM.

                                                                                    Comment

                                                                                    • Coup
                                                                                      🚨 PBBC International 🚨
                                                                                      • Apr 2010
                                                                                      • 9931
                                                                                      #22
                                                                                      Originally posted by Love Sex
                                                                                      I dont see how they can really stop bit coin.
                                                                                      That shit could get turn off like a light. One law mandating that ISPs must drop any bitcoin packets passing through their network and bitcoin goes bye-bye

                                                                                        Comment

                                                                                        • mayabong
                                                                                          Confirmed User
                                                                                          • Jan 2010
                                                                                          • 1952
                                                                                          #23
                                                                                          Originally posted by Coup
                                                                                          That shit could get turn off like a light. One law mandating that ISPs must drop any bitcoin packets passing through their network and bitcoin goes bye-bye
                                                                                          Not really sure if ISP's can recognize whats a bitcoin packet and what is not. But I'll give you the benifit of the doubt. Still it doesn't matter cause bitcoin is worldwide.
                                                                                          Bitcoin Gambling Sites

                                                                                            Comment

                                                                                            • alias
                                                                                              aliasx
                                                                                              • Apr 2001
                                                                                              • 19010
                                                                                              #24
                                                                                              Bitcoin is just to break people into the idea of alternate compensation and old school barter.
                                                                                              https://porncorporation.com

                                                                                                Comment

                                                                                                • Coup
                                                                                                  🚨 PBBC International 🚨
                                                                                                  • Apr 2010
                                                                                                  • 9931
                                                                                                  #25
                                                                                                  Originally posted by mayabong
                                                                                                  Not really sure if ISP's can recognize whats a bitcoin packet and what is not. But I'll give you the benifit of the doubt. Still it doesn't matter cause bitcoin is worldwide.
                                                                                                  it is very possible

                                                                                                  http://en.wikipedia.org/wiki/Traffic_shaping

                                                                                                  http://en.wikipedia.org/wiki/Hart_v._Comcast
                                                                                                  Last edited by Coup; 06-09-2011, 03:54 PM.

                                                                                                    Comment

                                                                                                    • nation-x
                                                                                                      Confirmed User
                                                                                                      • Mar 2004
                                                                                                      • 5370
                                                                                                      #26
                                                                                                      Interesting conversation here where they discuss Gavin Andresen's upcoming visit to the CIA Headquarters in McLean, VA. The other guest is Amir Taaki who is a open source game developer who decided to jump on the Bitcoin bandwagon. I think the most interesting parts of this conversation are the CIA visit and the point where Jason McCabe Calacanis starts talking about the US making Bitcoin illegal. Amir Taaki immediately laughs and says that 15,000 "hacktavists" will never let that happen and that his goal is to get enough big business support behind Bitcoin that the US will have no choice but to cave. I bet he is on the no-fly list right now... what do you think? He must not have heard of rendition.



                                                                                                      This is serious shit these guys are doing and I don't think they even have a clue how serious it really is.
                                                                                                      Last edited by nation-x; 06-09-2011, 03:57 PM.

                                                                                                        Comment

                                                                                                        • TidalWave
                                                                                                          Confirmed User
                                                                                                          • Sep 2007
                                                                                                          • 2706
                                                                                                          #27
                                                                                                          how do i make myself some bitcoins?
                                                                                                          www.SwiftNode.com

                                                                                                            Comment

                                                                                                            • alias
                                                                                                              aliasx
                                                                                                              • Apr 2001
                                                                                                              • 19010
                                                                                                              #28
                                                                                                              Originally posted by TidalWave
                                                                                                              how do i make myself some bitcoins?
                                                                                                              GPU mining, forget servers. GPU only.
                                                                                                              https://porncorporation.com

                                                                                                                Comment

                                                                                                                • mayabong
                                                                                                                  Confirmed User
                                                                                                                  • Jan 2010
                                                                                                                  • 1952
                                                                                                                  #29
                                                                                                                  Originally posted by nation-x
                                                                                                                  Interesting conversation here where they discuss Gavin Andresen's upcoming visit to the CIA Headquarters in McLean, VA. The other guest is Amir Taaki who is a open source game developer who decided to jump on the Bitcoin bandwagon. I think the most interesting parts of this conversation are the CIA visit and the point where Jason McCabe Calacanis starts talking about the US making Bitcoin illegal. Amir Taaki immediately laughs and says that 15,000 "hacktavists" will never let that happen and that his goal is to get enough big business support behind Bitcoin that the US will have no choice but to cave. I bet he is on the no-fly list right now... what do you think? He must not have heard of rendition.



                                                                                                                  This is serious shit these guys are doing and I don't think they even have a clue how serious it really is.
                                                                                                                  Gavin looks like he's a Vulcan and can raise the hand sign at any moment.
                                                                                                                  Bitcoin Gambling Sites

                                                                                                                    Comment

                                                                                                                    • mayabong
                                                                                                                      Confirmed User
                                                                                                                      • Jan 2010
                                                                                                                      • 1952
                                                                                                                      #30
                                                                                                                      Originally posted by Coup
                                                                                                                      it is very possible

                                                                                                                      http://en.wikipedia.org/wiki/Traffic_shaping

                                                                                                                      http://en.wikipedia.org/wiki/Hart_v._Comcast
                                                                                                                      Very interesting, I'll post this to the geeks in the bitcoin forums and see what they say.
                                                                                                                      Bitcoin Gambling Sites

                                                                                                                        Comment

                                                                                                                        • Love Sex
                                                                                                                          Confirmed User
                                                                                                                          • Nov 2004
                                                                                                                          • 1905
                                                                                                                          #31
                                                                                                                          Originally posted by nation-x

                                                                                                                          This is serious shit these guys are doing and I don't think they even have a clue how serious it really is.
                                                                                                                          I think they know,
                                                                                                                          It was probably the whole point to starting it.

                                                                                                                            Comment

                                                                                                                            • Phoenix
                                                                                                                              BACON BACON BACON
                                                                                                                              • Nov 2002
                                                                                                                              • 35475
                                                                                                                              #32
                                                                                                                              typical...so friggin typical

                                                                                                                              they dont do anything to step real theft, but since they aren't getting their piece there they need it to stop..lol

                                                                                                                              pay a tax on all bitcoin transactions to the usa and you see this problem go away i bet
                                                                                                                              Telegram PhoenixBrad
                                                                                                                              https://quantads.io

                                                                                                                                Comment

                                                                                                                                • adultmobile
                                                                                                                                  No, I am not banned
                                                                                                                                  • Nov 2003
                                                                                                                                  • 5345
                                                                                                                                  #33
                                                                                                                                  Bitcon have some major issues (you mine from GPU lol - I have read it has some parts which looks a little centralized to certain ports and channels - the total bitcons dollar value can be purchased by Manwin, whole bitcon economy like $4 million dollar?), but the idea of money like bittorrent, made in different way, maybe to fund wikileaks-like sites who can't use paypal, it can be a new tool difficult to shut down. Will need of course lots of people who change it (illegally) from and to dollars, so (next one after bitcon) currency to be trusted no less then dollars.
                                                                                                                                  No one bank or corporate would accept or change (what after bitcons) however, as made illegal, so would be limited to whatever can't be paid officially, so lots of stranage countries and merchandises.

                                                                                                                                  TubeCamGirl.com

                                                                                                                                    Comment

                                                                                                                                    • mayabong
                                                                                                                                      Confirmed User
                                                                                                                                      • Jan 2010
                                                                                                                                      • 1952
                                                                                                                                      #34
                                                                                                                                      Originally posted by Coup
                                                                                                                                      it is very possible

                                                                                                                                      http://en.wikipedia.org/wiki/Traffic_shaping

                                                                                                                                      http://en.wikipedia.org/wiki/Hart_v._Comcast
                                                                                                                                      Here's some replies Coup.

                                                                                                                                      https://forum.bitcoin.org/index.php?topic=14258.0
                                                                                                                                      Bitcoin Gambling Sites

                                                                                                                                        Comment

                                                                                                                                        • Jon
                                                                                                                                          Confirmed User
                                                                                                                                          • Jun 2002
                                                                                                                                          • 2578
                                                                                                                                          #35
                                                                                                                                          Originally posted by DangerX !!!
                                                                                                                                          U.S. & Israeli governments want to take over everything that they don't have control yet like African countries oil or some parts of the Internet. They are like fucking locust of the world. Fuck off from the internet and fuck off from other countries, you would do better concentrating on your own problems like unemployment rate and so on.
                                                                                                                                          __________________
                                                                                                                                          You say it like it's a bad thing...

                                                                                                                                          Even though its pretty absurd thing to believe, seeing as how the governments of the countries you're blaming are still operated and run by other humans that are just as clever and flawed more or less than any other country's governments around the world...

                                                                                                                                          Humans like the idea of controlling their surroundings. In modern society its done on a global industrial level. You're an absolute fool if you really believe that its just Americans and Israelis that are evil and out to control the world. Plus I'll bet it makes it easier for you to comprehend things when you have "enemies" that aren't like you, to blame everything on. What about the Vatican? Or OPEC? Still just American and Israelis trying to control the world eh?

                                                                                                                                          WickedFire.com - Stay here. We don't need more of you. Not unless you have money, then, fine...

                                                                                                                                            Comment

                                                                                                                                            • Coup
                                                                                                                                              🚨 PBBC International 🚨
                                                                                                                                              • Apr 2010
                                                                                                                                              • 9931
                                                                                                                                              #36
                                                                                                                                              Originally posted by mayabong
                                                                                                                                              Here's some replies Coup.

                                                                                                                                              https://forum.bitcoin.org/index.php?topic=14258.0
                                                                                                                                              https://forum.bitcoin.org/index.php?...3567#msg193567
                                                                                                                                              Bittorrents won't get this treatment because of the First Admendment issues it would bring up. I'd say there's zero hope for that kind of protection in the bitcoin arena. Not much in the way of speech even happening.

                                                                                                                                                Comment

                                                                                                                                                • Barry-xlovecam
                                                                                                                                                  It's 42
                                                                                                                                                  • Jun 2010
                                                                                                                                                  • 18083
                                                                                                                                                  #37
                                                                                                                                                  Are bitcoins really freely transferable personal property or a circumvention of sovereign currency?

                                                                                                                                                  That's the real argument ...

                                                                                                                                                    Comment

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