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Comment Re:Property-seizures MUST STOP (Score 1) 142

1) If it did happen that wouldn't stop it. You can't stop Bitcoin any more than you can stop torrents. 2) They won't do this as it would be most inconvenient to those with wealth. Wealth controls the power structure of the world today. Once adoption of Bitcoin takes place, it would be protected by those who have it.

Comment Re:Property-seizures MUST STOP (Score 1) 142

Desert Snow encouraged state and local patrol officers to post seizure data along with photos of themselves with stacks of currency and drugs

Law enforcement doing their job — and bragging about it — is fine. All professions do that, it is normal.

I don't even mind them seizing the (illegal) drugs, but possession of cash is not against the law. Unfortunately, a loophole in the American legal thinking (as well as the British, which we inherited) does not provide much protection to a person's property . Nowhere near as much as to the person himself.

The Executive can seize cash, vehicles, and even real estate without Judiciary oversight or approval — and that ought to stop. Their justification — that what they are seizing things was used for "criminal activity" — comes into play, before anyone is convicted in any criminality.

That must stop. A judge may impose limitations on using of the suspect property (and fund-transfer) — the same way movement limitations are imposed on a person, while investigation is ongoing or a trial is pending. But no seizures ought to be permitted until a "Guilty" verdict is pronounced and the sentencing enumerates, what's to be seized as a punishment.

It's time to start carrying a form of money that cannot be seized by authorities. (That is, as long as you can keep your private key a secret.) Oh dear... what are the authoritarians going to do when Bitcoin adoption goes maintream?

Comment Smacks of Carmack (Score 2) 138

This smacks of the same crap Id is trying to pull off on Carmack ( Apparently employers think they own any knowledge an employee gains while on the job. Sure, secrets are secrets. But is *everything* they learned on the job is a secret?

Submission + - Apple to allow Bitcoin in apps ( 1

Raystonn writes: A new update to Apple's app development guidelines now allows for approval of apps that transmit Bitcoin and other legal virtual currencies:

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions."

Submission + - DISH Becomes World's Largest Company to Accept Bitcoin (

Raystonn writes: US satellite service provider DISH Network has announced that it will start accepting Bitcoin payments later this year from its more than 14 million pay-TV subscribers. This will make it the largest company to accept Bitcoin to date.

Submission + - Bitcoin coming to Facebook (

Raystonn writes: San Francisco-based startup QuickCoin has announced it will bring Bitcoin to Facebook's 1.28 billion users via its web-based "social wallet", allowing them to easily send and receive coins with a simple interface.

Submission + - BitPay, Toshiba Partnership Brings Bitcoin to 6,000 New Merchants (

Raystonn writes: Toshiba has announced the integration of Bitcoin support in their touch-screen point-of-sale platform, VisualTouch, used by over 6,000 merchants. The merchants will now be able to accept Bitcoin payments at the register from anyone with a smartphone or any other QR code reader. Acceptance of Bitcoin as a payment method frees merchants from worries of fraudulent chargebacks, as Bitcoin payments are non-reversible just like cash, while allowing settlement deposits in any of 9 currencies, including $USD and Bitcoin.

Submission + - Bloomberg's trading terminals now providing Bitcoin pricing ( 1

Raystonn writes: Bloomberg has announced the release of Bitcoin support in their trading terminals, used worldwide by over 320,000 trading professionals. The market makers of the world will now have instant access to immediate Bitcoin prices on an industry-standard trading platform. This places the virtual currency before the eyes of the movers and shakers of most of the world's money supply as they decide where to invest their $USD holdings.

Comment Goodbye anti-spam automated challenge systems (Score 1) 101

Think how much the spammers and data miners would pay for such a simulated brain. Typical anti-spammer challenges on the web involve presentation of a picture of a sequence of characters and digits, which you must identify and repeat back as ASCII text. This simulated brain could easily accomplish that task. What challenge system will we switch to next...

Life in the state of nature is solitary, poor, nasty, brutish, and short. - Thomas Hobbes, Leviathan