Senate Looking To Outlaw Bitcoin

>>2460963
>Make an anonymous cryptocurrency you don't physically posses illegal.

It's pure lip service. Besides, you know what happens to shit when the government starts a war on it: $$$

Otherwise people will just head to XMR and it can finally get the love it deserved.

>>2461004
>Make an anonymous cryptocurrency you don't physically posses
Do you think the government gives a shit? They will just make you surrender your assets and give the keys to any wallets you may have. If you don't, you get detained indefinitely.

>>2460963
By the way, the relevant section in the linked senate.gov document:

>Certain monetary instruments, referred to in Department of the Treasury regulations as prepaid access devices, and often referred to as stored value cards, are increasingly becoming effective mediums for criminals to hide and move funds across the border because they are more easily concealable than cash, and they are not covered by reporting requirements. Section 13 would amend 31 U.S.C. § 5312 to include funds stored in a digital format within the definition of monetary instruments. This would effectively subject those devices to anti-money laundering reporting requirements under the Bank Secrecy Act, in cases where the value stored is above$10,000.

>(((Feinstein)))
Every fucking time

>>2461141
actually this

>>2460963
It's futile. If you pass some bullshit laws against US exchanges then people will just use exchanges outside the US.

You can't force people to surrender their private keys, how the hell does the government know what 12 word seed phrase you may or may not have memorized?

>>2460963
It's simple

we kill the Feinstein

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>>2461194
>how the hell does the government know what 12 word seed phrase you may or may not have memorized?

>>2461004
Even if the crypto ban can easily be circumvent, the damage it would do to the market would be immediate and fatal. Crypto would go right back to being an obscure payment method used by a handful of nerds and criminals.

>>2461211
(USER WAS V& FOR THIS POST)

>>2461220

You can create decoy wallets.

https://blog.trezor.io/hide-your-trezor-wallets-with-multiple-passphrases-f2e0834026eb

She's legit an alien

At least a lizard person

>>2461244
oh shit save me /biz/

>>2461253

nope, just a jew

Luckily I don't live in that shithole

>bipartisan bill
Bipartisan bills are literally cancer. They only happen when both parties agree on how to fuck people over the most.

>>2461238

Or it would just be used by every country other than the US.

>>2461259
>oh shit save me /biz/
Gov shill, you can't out jew a jew. She's a lizard; look at her features

>>2461250
Unless you can create infinitely-nestable decoys, it's pointless because authorities will know about the decoy feature and once they get your first password and don't find what they want, they'll come back asking for the "real" key, only more angrily

Same thing was the problem with truecrypt/veracrypt hidden volumes

>>2461263
Europe would follow suit in a heartbeat and all of the institutional money and interest would vanish. Total market cap would probably drop back under 1B.

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>have millions of dollars
>tell people they can't carry a measly ten thousand dollars
>she probably spends ten thousand in one night

>>2461015
how can they prove you have the wallet?

>>2460963
Holy fucking shit the very fact that this old boomer hag and her cuck boomer friend know this much about Bitcoin and care about it enough to attempt to pass a law, you just KNOW her entire net worth is in fucking Bitcoin. Fuckin gov trying to legally steal bitcoin like the shit they pulled with silk road. Except now, they won't even need drugs and guns as an excuse, the very fact that someone possesses Bitcoin would brand him a money-laundering criminal who's Bitcoins MUST fall into the righteous government's hands. Americans are fucking pitiful in how much power they willingly surrender to the government. What a fucking sham.

>>2461285
They still have no way to extract that information out of you. Unless they start torturing citizens at which point there should be a violent overthrow of the government.

nah I think too many jews already got their shekels in crypto currency for it to be banned

>>2461303
Easy, we saw the money leaving your bank account and going into the account of a known offshore cryptocurrency exchange. You must have used it to buy bitcoins, now give us the keys or face contempt of court.

>>2460963
Oh please let the US ban cryptos. It buys us about 5 more years to accumulate while (((they))) get cheap bags and get all the normies out. Then after fiat crashes, other countries such as Russia, China and a few others by then would have a well established crypto currency networks and since US cannot bomb 0's and 1's they have to unban it, can cause a trillion dollars escaping the dollar, thus, skyrocketing the price 1000x at least.
>after (((they))) already accumulated while normies would be lucky if they even get 1 mBTC. Trust me, we will rule the world.

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>>2461141
(((coincidence)))

>>2461334
They don't have to torture you, just leave you locked up indefinitely for contempt of court until you surrender your assets.

the aids-infested niggerdicks in county jail might be torturing your butthole, though. There won't be an overthrow of government because normal people won't care because hey, you're a criminal and that's what criminals get.

>it's a USposters think they're the centre of the universe episode
97% of the worlds Bitcoin is traded on Chinese exchanges, this would have literally zero effect on the market.

>>2461303
Don't exchanges require some form of identification? Wouldn't that be enough for them to come after you?

>>2461375
well, if you transferred the btc out of the exchange, then I don't see how they could prove beyond a reasonable doubt that the btc are still in your possession.

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>>2461339
>he thinks this is a possible option
>hey officer, here's my wallet (hands 0.1 btc wallet) that's all I had
>meanwhile ledger nano with 218 eth sitting under my bed

This is why people shill shit on /biz/, it's full of 2 digit IQ retards like this

>>2461389
>hey officer, here's my wallet (hands 0.1 btc wallet) that's all I had
Are you attempting to bribe a peace officer sir? Come with us.

>>2461370
>this is what cucks believe

>>2461409
>missing the point of handing a fake wallet completely
Stay BTFO

>>2461141
>>2461211
>>2461244
>>2461259

OY VEY

Shut it down!!

>>2461220
If you were to go grab a random person off the street, drug them and beat them while yelling "JUST TELL US YOUR CRYPTOCURRENCY KEYS!!" 99.9% of them would have no idea what you were talking about.

>>2461015
>they can hack my brain

Lol good luck getting my waves 12 word phrase pass.

>>2461479
I hope you're behind 7 proxies and VPNs because your ISP (and therefore the NSA and therefore your local law enforcement agency via parallel construction) knows you actively post on a cryptocurrency imageboard.

>>2461500
I'm on public wifi in a land far away from home.

>>2461463
you already posted about having a secret wallet, the government knows and won't be satisfied with seizing your 0.1 btc trap, they will force you to give up your 218 eth because you just told everyone about it

the government can also easily find out you bought a ledger nano from other sources

>>2461517
We have a angry nocoiner grandpa on the loose here on a Japanese anime board because his social security will be insolvent in 20 years.

>>2461536
Did you really think they'd let you get away with making so much money for nothing? Top kek, you really think the fiat masters will let you keep making thousands without giving them a cut?

>>2461334
Implying they won't plant cp on your PC and then jail you indefinitely until you give them the keys

>>2461322
Land of the fee home of the slave

>All these people ITT talking about "well they'll never even find my coins ahahaha"
Yeah hooray for you. If major western governments ban crypto you'll be hiding coins which aren't even worth the hardware wallet they're stored on. This legislation needs to be stopped.

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>>2461517
>implying I actually have all that eth
>implying they will base expensive operations and warrants on anime imageboard LARPers
>implying I don't know this is low quality bait

>>2460963
lol this will be a success just like the (((War on Terror))) (((War on drugs))) (((war on poverty))).

when will these cunts learn

>>2461571
>plant cp
but by the time you give them the password she'll be 18.

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>>2461655
>backtracking this hard because you know your post, IP, identity and associated metadata have been tagged, flagged and warehoused in NSA's utah datacentre indefinitely and you will be one of the first people raided when the US government shuts down Crypto

BTW help me shill this on /pol/

>>>/pol/130056868

>>2461582
yeah because that worked with the internet and drugs, right? cocaine is banned, it's not worth anything!

when you're only 17 years old and predicting what a government is capable of in 10-20 years, just stop and go outside for a walk.

crypto is useless right now, but in theory it is more efficient for transactions than most forms of currency. if a western country doesn't use it, any opportunistic business or country will exploit that and take a huge shit on whoever is left behind. even if it does become mostly centralized and jewed up, even if it's not bitcoin, it's not a technology you can ban in any meaningful way.

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>>2461684
>raided by US (((gov)))
>meanwhile on the other side of the world

>>2461700
you can't be a shill if you're not paid

>>2461288
Its the elite not allowing you to become rich because that would start to tip the scales. Cant have the peasants becoming kings. Elite will always hold power

>>2461708
>what is interpol
>what are extradition treaties

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We wuz lambos and shit

>>2461709
You get paid as the price of your coin increases
Do I really need to spoonfeed everything to newfags?

>Feinstein
I wish that jewess would die already.

Why do people still believe Republicans care about person freedom? Who ushered in the DHS and TSA?

>>2461716
>Uhh sir, we have a warrant of arrest for ponzi playing and monopoly money laundering. You have to come with us

>>2461004
Get yourself hooked up to some byteball (free for btc hodlers)
Byteball.org

>>2461702
Cocaine has inherent value like food. Currency doesn't. Terrible analogy. The efficiency of crypto is irrelevant if 99.999% of the general public isn't willing to go near it because it's illegal. Furthermore, blockchain technology can easily be used by businessnes and companies in conjunction with the existing fiat currency structure.

>>2461745
>he actually thinks trading unlicensed securities isn't against the law
sweet summer child

by the way, since you hinted at being Portuguese:

https://www.sec.gov/news/press/2011/2011-221.htm

>>2461755
>inherent value
XD

you backpedaled for a second, then rationalized your trash argument with "because its illegal" again. you're a moron but i love you. "fiat currency structure" LMAO

>>2461793
Cocaine does have inherent value. You can snort it and get high. Currency does not unless you plan on burning it for warmth. What the fuck are you talking about?

>>2461778
>mfw going to jail for trading pokemon collectibles as a kid and mtg cards through childhood up to crypto coins as an adult

Yes, definitelly looking at 70 years to life

>>2461922
>i-it c-can't happen to me!
D E N I A L
E
N
I
A
L

>>2461952
Half of the people on here have so little in crypto it's not even taxable.
You're talking as if these are Madoff level schemes.

>>2461339
>Not buying a pre-paid visa card to buy crypto
>Not cashing out in cash

>>2461253
Looks just like Soros. What's up with their eyes??

>>2460963
>Diane Feinstein
>Feinstein
>stein
Found the problem.

>>2461211
You used VPN right?

>>2461287
Nocoiners desperation exceeding all limits.

>>2460963
This communist whore failed to confiscate my guns, she won't take my money away either.

>>2462288
He used mysterium

>>2463416

Damn did that go through my exit node? All that potential to be kidnapped by the US gov because of a troll

>>2461492
*takes away your freedom until you hand it over*
nothin personel m8 its just that i have a monopoly on violence you see being a state and all

>>2461238
I don't think it would become that obscure but I do believe it will go back to its libertarian roots. And I'm ok with that. Seed out the fucking normies and women. These are the same people who will eventually cry for daddy gov to regulate the markets.

Crypto started underground and it won't be a problem if it ends up underground once again. If anything, it will skyrocket various coins like XMR

>>2461339
>he doesn't mine to get seed money for crypto trading
its like you hate privacy and money

>>2461389
>see that you had a ledger nano shipped to you
>Well anon we know you have one, cough it up

>>2460963

another jewish goblin smelled money and now it wants a piece of it.

its the same story throughout history, the eternal parasite profiting from the honest labor of the goyim, while it does nothing productive.

>>2460963

its funny how as soon as they smell money, the jews come crawling out of their holes to take their piece.

first it was the Bancor jews and now the duel-citizen israelis that run the US government are coming to get their share.

The sad part of it is that some of you are falling right into the trap by thinking the Bancor jews are going to make you rich, or that these new laws are a good thing will help to "legitimize" crypto.

>>2463904
>bancor jews

can you give me a tldr explanation of this? I remember everyone hating on bancor but can't remember why

>Lives in EU
>Watches from the fence how crypto is banned in the US
>Crypto goes down since it lost a quarter of the population using it
>BTC goes back to $20
>ETH $1
>XMR $0.2
>In the meantime US catches up and finds a way to trade crypto again
>Prices skyrocket even more than before
>EU anon was prepared this time and buys a shit ton of the three coins
>Feelsgood

>>2461749
>Get yourself hooked up to some byteball (free for btc hodlers)
>Byteball.org

Oh wow. Free money. Thanks for the tip, anon.

https://coinmarketcap.com/currencies/byteball/#charts

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Oh say can you seeeeee

>>2463921
>>2463904
the quick rundown is he hates them because theyre israeli. look at him hes a /pol/tard who wandered onto this board.

its tough to believe 'everyone was hating on bancor' when they had the most successful crowdfunding project ever

god I hate you fucking /pol/ posters

literally contribute nothing to the thread or discussion at all, all you can do is point out when someone has a jewish name. thanks a lot idiots! super helpful! so glad youre on /biz/, you help make it a more diverse and multicultural place.

>>2464189

Not that I agree with him on the Jew aspect but Bancor was a pretty shitty scam. Well, not scam, per se. More like ploy.

They're just trying to turn crypto into fiat. You give them valuable assets and they give you back a shitty token. That's precisely the system crypto was designed to avoid, wasn't it?

>>2461749
What the fuck, what's the catch? This looks amazing yet nobody's talking about it?

>>2464401
>>2464024
>>2461749
is this a bot or something

>>2464398
perhaps

>>2464427
I'm a human who genuinely wasn't aware of byteball.

I don't know about the other posts.

>>2461141
It's probably just a (((coincidence))) that she's a Jew.

>>2464427
No, why?

>>2461141
>(((Every)))
>(((Fucking)))
>(((Time)))

>>2464168
Oer the laaaaand of the REEEEEEEEEEEEEEEEEEE

Fyi if you're an amerifat you can call your local congressman. Usually does Fuck all but if the voices are loud enough it actually does help.. US was trying to ban kratom (natural mild pain killer) but the outcry was huge from people who loved it and used it for medical reason. Fast forward to now, kratom still legal

Tldr Complain to your masters-- err elected public servants

>>2464670
senate (dot) gov/senators/contact/

>>2464189
We'll have the last laugh when you get kiked out of your money. I'm feeling giddy inside just thinking about your inevitable pain.

Urge them to persist.
It's beneficial to create a stir.

>>2462182
the bill also makes prepaid cards and phones illegal

>>2461141
/pol/ is always right.

>>2464813

Lobbiest probs paid her. She's just fulfilling master's orders.

"Look masta ma old pussy is still useful for something"

Bill will be dead in water.

>>2461339
I don't have it though. Lost the key. No key, no money.

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>>2461263
Pretty much.

In fact our senators might just be handing the easiest way to fight USD over to every nation other than the US

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>>2461141
Every time

>>2462033
>schemes
It's not even a scheme. You're paying for data. It's no different than paying for a video game.

So long as you pay your taxes when you sell you're fine. If you never sell and trade everything with crypto it's as trackable as a barter sale. When I was 12 I traded Maximum Carnage on the SNES for Yoshi's Island. Good luck catching up with that, IRS.

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>>2461285
There is a 3rd option.

>>2463835
>its the same story throughout history, the eternal parasite profiting from the honest labor of the goyim, while it does nothing productive.
It's fucking saddening that I notice it more and more. Money changers and sell outs. She's no better than a whore. Worse, morally.

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>civil forfeiture
Literally how, unless your'e keeping all your coins on an exchange, in which you deserve whatevers coming.

>>2461492
How the fuck do people confidently remember 12 words? I can't even remember the 14 words, though I believe them and everyday I go closer to 88.

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Top fucking KEK

>The land of the free

>>2465113
>dicks dicks dicks dicks dicks dicks dicks dicks dicks dicks dicks dicks

>>2461655
worriedlaughter.jpg

>>2464189
Shut up kike.

>>2465123
>ass and titties ass and titties ass and titties ass and titties

>>2465178
>>2465045
le le every time xD

https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5
>IN THE SENATE OF THE UNITED STATES
>May 25, 2017
>Mr. Grassley (for himself, Mrs. Feinstein, Mr. Cornyn, and Mr. Whitehouse) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

wow look at that, 3 christian senators and one """"jewish"""" (raised as russian othodox) senator

youre just fucking dumb and need your confirmation bias stroked every god damn day

>>2465230
(((you)))

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(((>>2465230)))

>>2465263
>>2465272

you cant argue with what I said huh

>>2465230
Whatever (((You))) say.

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>>2460963
Just read the bill and it's fucking nothing.

If I own ETH or BTC bought through an exchange and transferred it into a wallet, as long as I don't receive that money from anyone but my own transactions how is that crossing any borders?

The money has stayed in virtually my possession the entire time.

Am I missing something or does everyone just parrot each other all the time without any critical thinking?

>>2465300

the zerohedge article makes some real leaps in logic

its nonsense

>>2465230
Likely potato niggers.

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>>2465300

>drops logic
>shit posting ends

Okay leave this to rest now you fucking retards