Department of Homeland Security on Silk Road 2.0: "We need to develop thoughtful, nimble and sensibl
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[url]http://www.hsgac.senate.gov/media/majority-media/chairman-carper-statement-on-the-unveiling-of-the-so-called-silk-road-20-website[/url]
[quote]Today, Senator Tom Carper (D-Del.), Chairman of the Senate Homeland Security and Governmental Affairs Committee, released the following statement on the launch of the Silk Road 2.0:
“This new website – launched barely a month after Federal agents shut down the original Silk Road -- underscores the inescapable reality that technology is dynamic and ever-evolving and that government policy needs to adapt accordingly. [B]Rather than play ‘whack-a-mole’ with the latest website, currency, or other method criminals are using in an effort to evade the law, we need to develop thoughtful, nimble and sensible federal policies that protect the public without stifling innovation and economic growth.[/B] Our committee intends to have that conversation – among others - [B]at our hearing this month on virtual currency.”[/B][/quote]
This is big.
Could basically mean that the War on Drugs might finally be cut down, and that potentially Bitcoin will not only be acknowledged by the US Government but be allowed to exist as it currently does.
[QUOTE=KorJax;42782701]Could basically mean that the War on Drugs might finally be cut down[/QUOTE]
Not while it's a multi billion dollar industry. Same with prison.
[QUOTE=KorJax;42782701][url]http://www.hsgac.senate.gov/media/majority-media/chairman-carper-statement-on-the-unveiling-of-the-so-called-silk-road-20-website[/url]
This is big.
Could basically mean that the War on Drugs might finally be cut down, and that potentially Bitcoin will not only be acknowledged by the US Government but be allowed to exist as it currently does.[/QUOTE]
no i think the opposite. generally, when a government official says that we need to develop "thoughtful, nimble, and sensible" policies it generally means they want to put in place anything but. keep in mind that this person is the chairman for the senate dhs committee. the dhs has a bigger hardon for arbitrary authority than all the other executive departments combined minus defense.
more likely, they are going to attempt to find a way to cut off silk road at the source. take active action against btc, block whoever hosts the site from operating, try to block tor, or other nonsensical policies that will utterly fail.
I admire your eternal optimism KorJax
This quote is from the Chair of the Senate committee which oversees the Department of Homeland Security; and not from anyone within the Department itself
Either that or it will be a crime to possess bitcoin.
[QUOTE=Kuro.;42783590]Either that or it will be a crime to possess bitcoin.[/QUOTE]
That'd be difficult considering you never really actually possess the bitcoins.
True, but you can argue the person owns or controls access to the wallet, which would equate to owning the bitcoins associated with it, at least in the eyes of the law.
Really ,all they need to do is smear people who use bitcoin as untrustworthy and spread as much FUD as possible about it ("bitcoins fund terrorism!") and the ignorant masses will be all in favor of cryptocurrency criminalization.
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