I agree, in tthe case of a corporation the equivalent would be to hand over all operations (below the executive suites) to a consortuim of competotors to run for the length of the sentence, under court supervision of course. Just like what would happen to you and me in the same situation!

Any profits for that period would go to "reasonably compensate" the consortium.

The evidence is that this arose out of corporate decision making so a corporate wide penalty would appear to be approprite.

I really hope that you have uploaded this to someplace like SourceForge so the rest of us ignorant pesants can share it!

I also sent an email to my US Senators (McCain and Kyl - both supportes of PIPA) asking if Mr Dodd was referring to either of them!

Your "facts" are wrong!

" Misguided efforts to combat online privacy have been threatening to stifle innovation, suppress free speech, and even, in some cases, undermine national security. As of yesterday, though, there’s a lot less to worry about."

He is CERTAINLY NOT American!

He lives in the UK and I understand (from the BBC) that he is a UK citizen.

So do you HAVE a point or do you just want to quibble?

Last time I checked Australia was not part of the US!

We ALL know that CEOs NEVER break the law too - can you say ENRON, et al???

After all much of the USA watches a TV "news" network (aka FAUX NEWS) owned and controlled by a foreign (UK) criminal!

Sigh

To the contrary, I used quotes to denote the technical use of the term "fiat" as used by the BitCoin promoters.

History shows that the price of Gold is one of the most manipulated forms of "currency"!
Take a close look at what FDR did to the price of gold during his "New Deal" and what is happening today.

As one analyst observes, paper has more value than Gold based on supply and demand. The "supply" of paper is far more constrained than Gold, but the demand for both for "utilitarian" purposes is declining. The only reason Gold sells for more than approx $1/oz (wild guess) is speculation and scare mongering.


The trouble with quotes on the Internet is that it is difficult to determine whether or not they are genuine - Abraham Lincoln

While I admire the idealism of the BitCoin project, I have to remember a couple of essential functions provided by (evil!) Government control of "fiat" currency!

1) ANY "fiat" currency is intended first and foremost to "promote commerce" and the first need of any actual business that uses the currency is STABILITY. NO (evil!!) government would ever have allowed the "run up" and "crash" of BitCoins that we have seen over the past few months.

2) Governments chase/catch/punish crooks and swindlers - probably that is what they do the very best! Now that BitCoin actually has (had?) "significant" value it inevitably attracts "significant" crooks! But BirCoin HAS NO (EVIL!!!!) Government to catch the crooks!

One wonders at the sophistication of the crooks (e.g. Madoff) if BitCoins had risen to US$300/coin ($3K/30K or ???).

Clearly an EVIL conspiracy of some sort - we just have to figure out what and who? AREA 51 is not far from there, could this be related to the UFO they have hidden???