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[Forbes] The Battle of Little Bitcoin: Native American Tribe Launches Its Own Cryptocurrency - Page 7

post #61 of 68
You know, sooner or later the NSA will come up with a way to screw with crypto currency holders.

They have all the backdoors and the hackers.

Maybe during the Third World War, we will be fighting for cryptos instead of resources and ideas. What a scary thought.
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post #62 of 68
Quote:
Originally Posted by TheLAWNOOB View Post

Maybe during the Third World War, we will be fighting for cryptos instead of resources and ideas. What a scary thought.
And to fight it, we'll all be hooked into matrix-style ARMA 5 immersion rigs thumb.gif
post #63 of 68
there is one matter that concerns me here - if they start their own currency, bitcoin then its going to be another toll on gpu cards. biggrin.gif
post #64 of 68
Thread Starter 
Quote:
Originally Posted by perfectblade View Post

so basically "give me more handouts. but don't judge me. i'm self-sufficient" kookoo.gif

So me responding to a hypothetical scenario to gauge the generosity of two individuals implies that I accept handouts? Yes, that is clearly the logical deduction... doh.gif
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post #65 of 68
Quote:
Originally Posted by Slomo4shO View Post

So me responding to a hypothetical scenario to gauge the generosity of two individuals implies that I accept handouts? Yes, that is clearly the logical deduction... doh.gif

i'm not talking about you, i am talking about the hypothetical people in your scenario. they are accepting handouts then declaring themselves self-sufficient
post #66 of 68
Thread Starter 
Quote:
Originally Posted by perfectblade View Post

i'm not talking about you, i am talking about the hypothetical people in your scenario. they are accepting handouts then declaring themselves self-sufficient

Isn't that already the demeanor of just about every welfare recipient?

Those that need help typically don't ask for it and those that don't need it will typically demand it... such is the outcome of every democracy once the peons learn that they can vote themselves "gifts"...
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post #67 of 68
With a big enough handout, anyone can become self sufficient.

Give a man a fish, feed him for a day. Give a man sixty tons of dried/frozen fish, and you feed him for life.
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post #68 of 68
Quote:
Originally Posted by Blameless View Post

Everything is legal, until a law is made that says otherwise.

Anyway, I think this statement refers to the fact that native tribes don't, according to US law, have the ability to print and issue currency, not that cryptocurrencies themselves are illegal. Not that the Lakota should care either way.

Yes initially everything is legal by default. Say if someone made a device that would get you high by electrocuting you in a certain way. I'm pretty sure we have no rules about that, so yes its legal. But if there was a law that says that hallucinogens are illegal and that it could be defined as a hallucinogen, then it would be illegal.

As for the whole crypocurrency being illegal part, FinCEN lists out scenarios for which they regulate the transactions.
This is how I understand it:
If I were to give you a bitcoin for a weapon in WoW, they dont care.
If you trade a bitcoin to a litecoin, same thing they dont care.
If you trade a bitcoin for a car, they dont care about you, but they have regulations for the person selling it.
If you trade a bitcoin for $100, then (i think) they have regulations on both sides.

So, creating your own currency is perfectly legal, converting it to something useful has regulations. I dont know anything about the rules or regulations, but its probably the same stuff that banks need to follow.

This all makes me think about the whole online gambling stuff. I can gamble a token , we can trade tokens and no one cares, but as soon as they move money from one bank to another for this currency, that's when the government says no... that's still gambling.
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