US Treasury wants to regulate BitCoin!!!

Its all about control and rendering everyone under it. Now, as Cyprus has been emptied, next one on agenda is getting BitCoin and other escape routes tapped.

LINK to the article

If anyone has had doubts about where this is going, this should make it darn clear. We are heading towards unipolar world financial governance, which ultimately means single currency and powers/elite behind it (rest of us being the slaves of it). Collapse of USD/EUR will equal to transfer to this structure.

BitCoin and alternatives are just small alternative media - but provide too convenient of an escape route from NW(F)O (new world - financial - order) grip, they just have to take over those before the transition.

reply to post by deckdel


There is no escape....If you think the government doesn't already have their hand in it you are sadly mistaken....You can't create a currency without the government approving and joining in the venture

Good find, yes sir they are really looking out for our interests and our well being.

This is getting all too surreal for anyone to wrap their heads around.
I put a link to this thread in a thread I started a few days ago, I hope it brings more people here to read and weep.

S&F

Regards, Iwinder

Good luck.

That's all I have to say.

That's like trying to regulate the bookie market.

~Tenth

What is interesting about this is the collection and regulation arm of the FED, the US "treasury" is responsible for dealing with DEBT and managing Federal Reserve DEBT notes, and is not in the business of managing credits or things of actual value.

From what I understand the Bitcoin is more like an electronic credit, kind of like gold or silver, where as the Federal Reserve Note is a debt, an IOU, a promise to pay versus a real time completion of payment of say a silver dollar for a taco. When we pay with a FED dollar, we are agreeing to pay later, someday in the way future, because we have nothing to pay with and the debt note can only be exchanged for another debt note. When you pay with a bitcoin, a non debt based payment, you are completing the transaction on the spot.

seems they want to regulate the purchase of the bitcoin because it is being bought with a dollar, but the problem here is the bitcoin, while electronic, is a thing, not fiat money and their domain is debt notes, iou's, not "things." In which case they'd need to regulate all things bought.

While I understand the "land grab" so to speak, if they understood what they actually do, regulate, they'd have to see that the two things are not the same at all, the Fed note is a worthless piece of paper which the treasury must try work to make it appear of value, the bitcoin is something of value.

reply to post by deckdel


Interesting...

But in a peer-to-peer currency it is not so obvious what counts as an exchange. Bitcoin "miners", who run software to create Bitcoins, might also have to register if they sell the newly minted currency for its real equivalent. Patrick Murck of the advocacy group Bitcoin Foundation called the guidelines "infeasible for many, if not most, members of the Bitcoin community to comply with".

It certainly is infeasible to expect miners to do that. However it's not infeasible to imagine that bitcoin exchanges must register. But then we have decentralized exchanges...

It is good to see the FED doing its homework and seeing what is going on. Updates to Bitcoin do happen, but only those updates that are taken up by a majority of the community are accepted. Considering the global use of Bitcoins and the somewhat heavy handedness of the FED at times chances are very low that they will get all that they want. Bitcoin was designed to be regulated by the community, not a single entity.

Where the FED may have better luck is in implementing its own version of Bitcoin to help manage and secure their own books. There are already a couple of different versions of Bitcoin already gaining popularity with some different tweaks to the system. Undertaking this path will allow the FED to go nuts with putting everything they want into it.