LIBERTY NEWS ALERT....

This + Mt.Gox (biggest BTC exchange) latest scandal= fears of gov't regulation coming to fruition.

Nah - glad they bit the dust and I hope they choke on it.

http://www.nytimes.com/2013/05/29/ny...anted=all&_r=0

Well I just hope they get around to all the regular bank execs that are criminals while they are at it. It's high time we all just went Iceland on them.

I LOVE it! In the Bible, Jesus is asked if paying taxes is just. After showing that ceasers picture was on the coin, he said render onto ceaser that which is ceasers. EVENTUALLY, the IRS grew to be a HUGE behemoth! If the dollar rises(It is RARE, and little, but...), then they don't ask us to pay. If the dollar DROPS, we are not paid, so that we can break even!

BUT, NOW, one argument against things like bitcoin is that ******GASP****** some people might break EVEN(UNLIKELY), or EVEN make a "profit", and the IRS couldn't validate their reporting of what could NEVER occur! THINK OF IT! You CAN'T really make a profit in bitcoin unless your country's currency is insecure and or "devalued". In OTHER words, the IRS is REALLY upset because maybe they will have less ability to cheat citizens. And ceasers picture is NOT on the currency!

NOW, if one is trying to launder money, to hide a TRUE crime, that is ONE thing. But today, there are a LOT of legit reasons to hide funding. For THOUSANDS of years there WAS an "expectation of privacy". Little by little, that is getting worn away. With profiles(crime, health, finance, politics, etc,,,), this SHOULD scare ANYONE! AND, this can NEVER happen 100% unless they get RID of money, and replace it with some ID that is used in its place.

I spend about $10,000/month and yet only about $100 is in tangible currency. What is YOUR ratio?

Steve

I always had suspicion about Liberty Reserve, I kind of guessed it was being run by some dodgy individuals.

I had 2 accounts with Liberty Reserve, thankfully I did not have any money.