Daily Anarchist Forum
February 08, 2023, 09:11:17 AM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Welcome to the Daily Anarchist Forum!
 
  Home Help Search Members Login Register  
  Show Posts
Pages: [1] 2 3 ... 8
1  General Category / General Discussion / Re: US Treasury Updates Bitcoin Regulations on: March 26, 2013, 03:13:50 PM
"
Here's the key part, "A user of virtual currency is not an MSB under FinCEN’s regulations and therefore is not subject to MSB registration, reporting, and recordkeeping regulations. However, an administrator or exchanger is an MSB under FinCEN’s regulations, specifically, a money transmitter, unless a limitation to or exemption from the definition applies to the person.""

What does that mean?  Who is a money transmitter?  And what is an MSB?  If you send someone bitcoins is that considered a money transmission?

Edit:  I guess I'm asking what is an "administrator or exchanger".

I don’t know what it means. The owners and contributors of freebanking.org are people I respect, so I posted it, and figured maybe Seth would understand it.

WSJ had this article on the subject:

"Web Money Gets Laundering Rule"
http://online.wsj.com/article/SB10001424127887324373204578374611351125202.html?mod=e2tw

From the article:
Quote
"This framework would wildly expand the reach of FinCen and the [Bank Secrecy Act],' said Patrick Murck, legal counsel for the Bitcoin Foundation, a trade group that promotes Bitcoin software and security standards. He said the government's rules "would be infeasible for many, if not most, members of the Bitcoin community to comply with."

Some firms say they anticipated the rules. Charlie Sherm, chief executive of bitcoin payment processor BitInstant, said his company is already compliant.
2  General Category / General Discussion / Re: The liberty movement on: March 26, 2013, 04:47:59 AM
...

"Small government libertarians" is redundant.
...


When the anarchist libertarians aren't included.
3  General Category / General Discussion / US Treasury Updates Bitcoin Regulations on: March 23, 2013, 04:15:52 AM

http://www.freebanking.org/2013/03/19/us-treasury-updates-bitcoin-regulations/

Quote
Congratulations, Bitcoin, you've made the big time!  How do we know?  Easy, the Feds have you in their sights.
...

Here's the key part, "A user of virtual currency is not an MSB under FinCEN’s regulations and therefore is not subject to MSB registration, reporting, and recordkeeping regulations. However, an administrator or exchanger is an MSB under FinCEN’s regulations, specifically, a money transmitter, unless a limitation to or exemption from the definition applies to the person."
...
4  General Category / General Discussion / Re: Rand Paul just got major kudos points from me on: March 07, 2013, 10:55:02 PM
Justin Raimondo of Antiwar.com has been quite critical of Rand.  Rand's filibuster in the Senate has changed his view of him.

Quote
#StandwithRand
The libertarian moment has arrived – thanks to Rand Paul
by Justin Raimondo, March 08, 2013

http://original.antiwar.com/justin/2013/03/07/standwithrand/
5  General Category / General Discussion / Re: Rand Paul just got major kudos points from me on: March 07, 2013, 02:37:25 PM
"Keep in mind, outside of getting Rand much publicity, the filibuster itself did nothing. It will not prevent CIA nominee John Brennan from being confirmed by the Senate. It will not stop American drones from continuing to blow up foreigners via amazing missile carrying flying iron birds. It was magnificent air.

Further, it was a brilliant stroke for Rand to quote Glenn Greenwald during his filibuster. It brought many more cheers and positive tweets for Rand. Again, the sign of a very clever behind the scenes operative lurking. "

http://www.economicpolicyjournal.com/2013/03/did-planners-of-rand-pauls-filibuster.html
6  General Category / General Discussion / Re: Atheism and Anarchism on: January 16, 2013, 07:32:36 AM
I actually think that Christianity could be a major vehicle for sharing voluntarism.  The history of Christianity is full of statist manipulation.  Powerful rulers have manipulated the message to get people to obey their power.  I think the King James bible is probably the cause of most of the religious right's fascistic fascination.  

What I would find interesting is what if the original hebrew texts were re-translated minus all the statist propaganda that has been added over the centuries.  Not just that portion of the bible that was determined by the Council of Nicea, but the parts that were left out.

Basically a rewriting of the Bible that places God as the only ruler would leave no space for state power.

I'm an atheist so it doesn't interest me personally, but I was raised a baptist preacher's son.  Hell, I'm named after a preacher and a prince in the bible.  Irony...

The doctrines of the Christian Church, both East and West, are themselves political products. Church hierarchs sought state privileges and were no more victims of the state than members of any other special interest group.
7  General Category / General Discussion / Re: "Bitcoin Invades Mainstream Banking System" on: January 14, 2013, 03:57:45 AM
Feel free to delete thread then.
8  General Category / General Discussion / "Bitcoin Invades Mainstream Banking System" on: January 14, 2013, 01:40:20 AM
"Digital Currency Exchange, Bitcoin-Central, has been authorized by the French government to conduct bank style operations. In an announcement last month on bitcointalk.org, Paymium, the organization behind Bitcoin-Central said this:

Quote
We’re announcing today that Bitcoin-Central.net is getting, through a partnership with Aqoba, allowed to operate like a bank, (or more precisely like a PSP [Payment Service Provider], which is basically the same as a bank, just without the debt-money issuing part).

If you’ve been following the crypto-currency story, you will realize that this is a huge step forward. For the first time a crypto-currency exchange has been brought into the mainstream banking circle, allowing believers in the idea of free choice in currency the opportunity to transact business through traditional channels.

..."

https://wealthcycles.com/blog/2013/01/11/digital-currency-bitcoin-accepted-as-payment-service-provider-by-french-government
9  Videos / Other Videos / Re: Alex Jones on Piers Morgan on: January 14, 2013, 01:33:40 AM
Okay, I watched it. Alex did have a lot of GOOD things to say, but there's no way he's going to convert any anti-gun people over with that kind of explosive ranting. He's a smart guy, but by not letting Piers talk, he's kind of just coming off as a dick.

And CNN will remember.

10  General Category / General Discussion / Re: Atheism and Anarchism on: January 01, 2013, 02:40:00 AM
You are not alone, brother. I, too, am a Christian voluntaryist. What many fail to realize is that there are many great faith based voluntaryists. Lew, Tom Woods, Dr. Paul, Jeffery Tucker--all of them have faith in the name of Christ.

Lew Rockwell doesn’t credit Christianity for getting him to anarchism. He credits Murray Rothbard’s writings for doing so, and Rothbard wasn’t religious.

Quote
...I cannot remember the day that I finally came around to the position that the state is unnecessary and destructive by its nature – that it cannot improve on, and indeed only destroys, the social and economic system that grows out of property rights, exchange, and natural social authority – but I do know that it was Rothbard who finally convinced me to take this last step.

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

11  Questions And Challenges / Questions About Anarcho-Capitalism / Re: How will corporations work in a free market? on: November 14, 2012, 04:58:37 PM
..
12  General Category / General Discussion / Re: The Allure of Statism on: November 09, 2012, 03:19:08 AM
The herd instinct.
13  Videos / Anarcho-Capitalist Videos / Re: CATO discovers anarcho-capitalism on: November 08, 2012, 06:49:05 AM
I also don't see how taxes would be collected if a fully free private money and banking system were allowed.

It wouldn't unless people wanted to, same as now.  Ever hear about shooting the taxman?  Capone took that to another level.  The best weapon they have is fear.  They couldn't collect taxes today with their own system if everyone just decided to stop paying.  

I think under such a system it could and would be possible to hide a great deal of one’s income and wealth from the state. And the legal justification for the state to freeze or seize one’s financial assets held in a truly private bank would be a different matter than it is now for the state to do that, AISI.

Also, after making my post I recalled in the 1990’s he was saying that in 30 years or so a significant segment of the economy would be hidden from the government, due to transactions being made encrypted via the internet. I suspect, however, he adjusted his prediction date after all the post 9/11 cyber “security” laws were passed.
14  Videos / Anarcho-Capitalist Videos / Re: CATO discovers anarcho-capitalism on: November 04, 2012, 08:33:43 AM
I read his book years ago, and another quote that stood out to me then, and still does, involves the subject of private money. He argues favorably of a private money and banking system when addressing the subject. However near the end of his remarks, he writes:

 “My own opinion is that, even if there were no legal barriers to the use of private money, the existing fiat system would remain in use unless it became very much worse than it now is”.

AISI, no government fiat money system would be able to compete with a fully free private money and banking system, and that's part of the reason it’s not permitted. I also don't see how taxes would be collected if a fully free private money and banking system were allowed.

15  Videos / Anarcho-Capitalist Videos / Re: CATO discovers anarcho-capitalism on: November 03, 2012, 07:16:26 AM
You're right on all accounts. Nevertheless, the idea makes sense to me as I read it. Maybe government can't be so clearly defined. If I tried, I would come up with a similar definition. I'd say it's a protection racket that people have been deluded into believing is helpful. So what if the definition isn't as general as it could be. The target audience understands exactly what he wants to say.

I didn’t suggest it couldn’t clearly be defined.
I did.

Quote
Which target audience "understands exactly what he wants to say"?
The West.

Fuzzy expressions are so magical.
Pages: [1] 2 3 ... 8
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines
SMFAds for Free Forums
Valid XHTML 1.0! Valid CSS!