Science and Technology : Congressman Calls To Ban U.S. Dollar In Response To Plea For Bitcoin Ban

Gorilla

Well-Known Member
MEMBER
Jan 31, 2009
2,455
1,373
Congressman Jared Polis is calling on the Treasury to ban physical dollars in response to Senator Manchin’s plea to ban Bitcoin. “The exchange of dollar bills, including high denomination bills, is currently unregulated and has allowed users to participate in illicit activity, while also being highly subject to forgery, theft, and loss,” wrote Polis in a statement.

To be sure, the Congressman is being cheeky. “This is just a satirical version of Senator Manchin’s letter, meant to draw attention to the fact that BitCoins are not any more susceptible to the problems that the Senator points out than dollars,” said Spokesperson Scott Overland. “Congressman Polis is not actually calling for a ban on physical currency, but hopes this helps move the debate forward so we can come up with ways to improve BitCoins, not ban them.”
Source: http://techcrunch.com/2014/03/05/congressman-calls-to-ban-u-s-dollar-in-response-to-bitcoin-ban/
 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author
Let's not leave out the Penny, lol:

Some say the United States should stop using pennies because the cost of producing the coin is now higher than the value of the coin. Even the US Mint admits that the cost of producing a penny in 2007 could be as high as 1.4 cents. Pennies are no longer made from pure copper, which would make the minting of them prohibitively expensive, but rather from zinc and a thin coating of copper. Supporters of the penny often suggest that the US government should continue to produce the coin, only with cheaper metallic alloys than zinc or copper.

http://www.wisegeek.com/should-the-united-states-stop-using-pennies.htm


 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author
In the Spirit of Currency,




I.R.S. says bitcoin should be considered property, not currency




The Internal Revenue Service announced on Tuesday that bitcoin should be viewed and taxed as property, giving a little clarity to the shifting regulatory landscape of virtual currency.

Despite the fact that many users treat bitcoin like a regulated currency, “it does not have legal tender status in any jurisdiction,” the agency said.

suggested reading:
http://finance.yahoo.com/news/r-says-bitcoin-considered-property-185947019.html



 
Last edited:

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author
...
The Truth About /r/Bitcoin And /r/btc


nopara73
Chief Redditor of TumbleBit. Creator of HiddenWallet. I love pizza: 186n7me3QKajQZJnUsVsezVhVrSwyFCCZ
Nov 22

... This may sound ridiculous, and of course it is. I let you read the point by point rebuttal of /u/thieflar, if you are interested in this particular chapter. Rather, in this article I would like to go into how the hell did we end up here? ...



...



 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author
...
The convergence of AI and Blockchain: what’s the deal?
Why a decentralized intelligence may affect our future

Francesco Corea
Complexity scientist, data strategist, tech investor and AI advisor. All opinions are my own.
Dec 1

... This article wants to give a flavor of the potentialities realized at the intersection of AI and Blockchain and discuss standard definitions, challenges, and benefits of this alliance, as well as about some interesting player in this space ...

https://hackernoon.com/the-convergence-of-ai-and-blockchain-whats-the-deal-60c618e3accc



...


 

Clyde C Coger Jr

going above and beyond
PREMIUM MEMBER
Nov 17, 2006
52,029
11,212
Occupation
Speaker/Teacher/Author
...
Cryptocurrency: The Good, The Bad, and The Future of Money Supply
99% of Cryptocurrencies are total scams. And, yes, Cryptocurrencies are in a bubble


Hackernoon
Staff Account, working to bring you the best **** for hackers at noon.
Dec 1
By James Alctucher. Originally published on JamesAltucher.com


... I’ve never written about Bitcoin and cryptocurrencies before, but there’s a reason I want to start now, we’re in a hype bubble.
It doesn’t mean cryptos or bad, it doesn’t mean you shouldn’t buy, it just means….there’s a lot of hype and scammers out there; we’ve seen this story at least twice before in past 20 years and many people have gotten hurt ...


https://hackernoon.com/cryptocurrency-the-good-the-bad-and-the-future-of-money-supply-2f4bb021abc4

 

Consciousness Raising Online!

Latest profile posts

Ms Drea wrote on Kemetstry's profile.
Brother Kem.. Marva Collins passed June 24, 2015
Sister Destee how have you been? It's been a while but I'm glad to be back. I see many changes so I'll browse around to get my feel of things again
sekou kasimu wrote on Destee's profile.
Jambo! I deleted a post that was a duplication. Both were deleted!!! Can you find it and repost it for me? I put a lot of work into it!
Destee wrote on shaka64's profile.
Hi Brother shaka64 ... Welcome Home! :heart:
Destee, my Sister!! I am sending you greetings with love from a rainy and relentless overcast Michigan! But you continue to bring sunshine into my life and for that I am eternally grateful! I LOVE the new look and features in the community. I hope you're enjoying your best life. Love and peace...:heart:
Top