julespitt

12 ms·

91.
by julespitt 13y ago
Thanks. Still think this ruling is weird, but it sure is interesting.
92.
by julespitt 13y ago
I'll have to dig in to federal law again, but I'm pretty sure the law does carve it out that way. And it seems legally weird to me that I as an American citizen can mine "foreign coin" in the US. But I see where you&#x27
93.
by julespitt 13y ago
Article I, Section 8: Says nothing about "other currencies," only the value of its own coined money and of foreign coin. I don't see it. To be clear, I'm devil's advocate arguing that this probably shouldn't be
94.
by julespitt 13y ago
Baseball Cards is a good example. I think that different Federal, State and Local agencies should prosecute such things. Meanwhile, the SEC has far bigger fish to fry, as it were.
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by julespitt 13y ago
Saying it's not a currency is not the same as saying it has no value. IIRC, most definitions provided by Federal Law designate that currency or money is by definition minted by sovereign governments.
96.
by julespitt 13y ago
The Constitutional provisions deal with the right of the Federal and State Governments to issue currency, not individuals or private organizations. Meanwhile, there has been a long history of minor private currencies in the US without legal
97.
by julespitt 13y ago
Not sure. It was interesting that both Bachmann & Cotton were explicitly stating that no one had a Fourth Amendment Right to privacy about any Metadata. For instance, what you say in a letter or phone call is private, but not who you
98.
by julespitt 13y ago
I'm watching, here is who is for or against in their remarks so far: +1 = Amash -1 = Rogers +1 = Conyers -1 = Bachmann +1 = Sensenbrenner -1 = Mulvaney +1 = Lofgren +1 = Barton +1 = Duncan +1 = Poe +1 = Nadler +1 = Gabbard -1 = Cotton
99.
by julespitt 13y ago
I remember that site! It's a shame he didn't get any recognition - IIRC his outline was a little more vague than the one being described in this article, and therefore had more room for surprise and creativity.
100.
by julespitt 13y ago
Unknown danger? No, that is too broad. Crashing planes over New York City? A kid wouldn't exactly be too unreasonable to ask the question. Anyways, only underrated because expectations of Spielberg are deservedly high.
101.
by julespitt 13y ago
Hope someone out there will post a Youtube link once it's over, or something comparable - can't seem to access it at all.
102.
by julespitt 13y ago
Depends entirely on demand. Everyone can play with the supply all they want - demand is still completely unpredictable.
103.
by julespitt 13y ago
I'm going to take the opposite view. Bitcoin is still staggeringly unadopted amongst the general population - it's like declaring Prodigy the winner in digital communications. Meanwhile, any currency is "as good" as Bitcoin when it is accep
104.
by julespitt 13y ago
I don't think cities or towns have either the money to invest nor the knowhow to administer such a thing. I think it would likely have to be investor-led, preferably wealthy technologists, who would then shop it around to local governments.
105.
by julespitt 13y ago
Sure - I was just responding to the claim that it was Currency Exchange regulations that apply here.
106.
by julespitt 13y ago
The FinCEN guidance explicitly states that Currency Exchange regulations do not apply: http://fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.... "A person must exchange the currency of two or more countries to be considered a dealer
107.
by julespitt 13y ago
It's hard to get and keep a bank account for any FinCEN registered purpose, without bringing Bitcoin into it at all. I've always figured that Banks must be fearful that should a customer of their not be compliant enough, they could be consi
108.
by julespitt 13y ago
Ahem... http://www.federalreserve.gov/otherfrb.htm Cash is managed through the regional branches of the Federal Reserve, and while there are some boundaries on that map that don't line up, it mostly seems to be governed by these particula
109.
by julespitt 13y ago
I clicked through to read the criteria used to determine if a twitter user was likely fake: sadly, I fit a lot (hell, most) of the criteria. I guess I better get going on Twitter before software deems me a bot, as opposed to someone who jus
110.
by julespitt 14y ago
I'm not downplaying the innovations that Bitcoin introduced and demonstrating - just honing in that the money supply issue is not yet well understood. I would love to see what would happen with a miner-voting system - actually, while I'm dr
111.
by julespitt 14y ago
Not to make excuses about this issue and Bitcoin, but the main problem here is that while Bitcoins limited supply solution brings with it lots of other problems (including frequent but not 100% reliable deflation) - no one has yet even post
112.
by julespitt 14y ago
You are assuming that the demand for any cryptocurrency responds linearly to the completely arbitrary total "quantity" assigned: Litecoin can't be worth more than Bitcoin because there are more units of them. That's simply not true. I am a
113.
by julespitt 14y ago
Is her hiring "policy" to hire just from prestigious universities? That's what anonymous internal sources are saying to this reporter - but whether that is actually the case seems up in the air to me. According to the article, she is person
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by julespitt 14y ago
My guess as to what the sticking point would be that prevents politicians from accepting Bitcoin donations - they're not known to not take anything worth money - is somehow doing so without allowing foreign donations to their campaigns, whi
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by julespitt 14y ago
Often they invest it, so that their net worth goes up rather than down, while perhaps supporting a company or cause they believe in. It's true that when you put your money into something, it's no longer liquid. Your wealth is no longer li
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by julespitt 14y ago
I've been playing around with the theory lately that the buzzwords and nonsense are an elaborate ritual not only to hide personal ignorance, but the fact that there is no known reliable way to solve most of the major issues surrounding the
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by julespitt 14y ago
One the one hand, I admire the author's relentless tendency to view everything as a defineable problem to be solved. On the other hand, the consequences of this viewpoint on most of the points mentioned wind up being absurd. Taking it one p