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Yes, and please don't take this as a snarky comment: ctrl+f "digital currencies" and you will see exactly how involved the bill is with Bitcoin. You are right
by csydas 9y ago
Yes, and please don't take this as a snarky comment:
ctrl+f "digital currencies" and you will see exactly how involved the bill is with Bitcoin.
You are right to suspect this is the reddit crowd over-reacting, and the amendment to the title is probably better. Basically, there is a proposition to include the words "Digital Currenc(ies/y)" into a few places in the bill.
I am somewhat reminded of an earlier court case from Florida where the judge dismissed charges involving Bitcoin because there was no legal definition for it. This bill is basically addressing that and presenting a legal framework for Money Laundering and Terrorist Financing investigations to allow investigation of Bitcoin as well.
The fallout from this can be interpretted by others, but this isn't a specific bill or "1984" attack on Bitcoin, it's adding digital currencies as part of a legal framework for two specific crimes.
edit: added "investigations" to the second paragraph to clarify that it presented a legal framework for such investigations.
- mdinstuhl 9y agoBut ETH is not a currency - it's GAS!
- omginternets 9y agoGas that acts very much like a currency insofar as it is a store of value due to its utility and scarcity. This is pedantry at its worst.