The Case For Bitcoin To Separate Money From The State
By separating money from the government, Bitcoin takes the control of money out of the hands of politicians and gives it back to the citizens.This is an opinion editorial by Ryan Bansal, a professional software engineer and author of a Bitcoin newsletter.“The computer can be used as a tool to liberate and protect people, rather than to control them.” — Hal FinneyTechnologies are just amplifiers, not arbiters of morality. By extrapolating from the above quote, it is within reason to claim that any technology can be both a tool for either tyranny or for freedom depending on whose hands are....
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A Miami, Florida, trial court recently dismissed a criminal case against a defendant who had sold bitcoin to a police detective as part of an undercover investigation. The case, Florida v Espinosa, has been already been cited by some potentially important precedent for future cases, particularly those where bitcoin's status as "money" or "currency" is at issue. Bitcoin industry advocates will also cite the case when arguing for legislative reform and greater regulatory clarity. But, as legal precedent, Espinosa's value may be limited. It’s a single decision from a....
The Bitcoin Foundation announced Thursday afternoon that they have filed an amicus brief with respect to a criminal case surrounding bitcoin transactions in the state of Florida. Said case involves an individual who has been accused of being an unauthorized money transmitter, in addition to facing two counts of laundering money. The case involves two men, Pascal Reid (29) and Michel Abner Espinoza (30), who were both sellers of bitcoin on LocalBitcoins.com. Undercover officers each purchased $1,500 worth of bitcoin from the men, noting that they were going to use the digital currency to....
Marco Santori of the Bitcoin Foundation has a piece up on CoinDesk in which he explores money transmission licenses at the state level in the US. This, he argues, is much trickier than simple FinCEN registration. The state with jurisdiction ultimately decides whether to grant a business a license to transmit money. It’s not a right, and it’s no entirely predictable for a 50-state rollout. Also, because a business meets FinCEN’s definition of a money transmitter does not mean the same applies at the state level. South Carolina and Montana do not even require licenses for such companies, and....