Senate takes a close look at Bitcoin - Business News

Bernanke never said that "Bitcoin may hold long-term promise", and other bitcoin quotes corrected with sources

During the course of my research, I made a collection of Bitcoin quotes that I could use in different publications.
Many "famous people bitcoin quotes" are false, misquoted and without sources. Using those quotes is bad for everyone.
The first, and most horribly fasle quote, is Bernanke's famous quote: "Bitoin may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.”
1) The quote is actually from Alan Blinder
2) The quote is from 1995
3) The quote has nothing to do with Bitcoin
This is the full quote:
Dear Senators: Thank you for your recent inquiry regarding virtual currencies. As you noted, virtual currencies have been receiving increased attention from U.S. authorities over the past several months.
Historically, virtual currencies have been viewed as a form of “electronic money” or area of payment system technology that has been evolving over the past 20 years. Over time, these types of innovations have received attention from Congress as well as U.S. regulators. For example, in 1995, the U.S. House of Representatives held hearings on “the future of money” at which early versions of virtual currencies and other innovations were discussed. Vice Chairman Alan Blinder’s testimony at that time made the key point that while these types of innovations may pose risks related to law enforcement and supervisory matters, there are also areas in which they may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system.
Read more: http://www.businessinsider.com/ben-bernanke-on-bitcoin-2013-11#ixzz2qgGXCYKk
I know some of you already know that this quote is badly cited, but believe me it is being used by every journalist and "expert" out there (google Bernanke bitcoin quote, you'll se that I'm right).
EDIT: Bernanke is not paraphrasing Blinder in order to support a positive / negative opinion of Bitcoin. He quotes Blinder in the introduction of his letter as a way to show that monetary innovations was already a topic of interest back in 1995
There was another post with Bitcoin quotes from famous people here: http://www.reddit.com/Bitcoin/comments/1ohza2/quotes_about_bitcoin_from_famous_people/
Many of these quotes were misquoted, false or without references. I took the liberty to create a legit quotes list with sources:
"I think Bitcoin is a techno tour de force." - Bill Gates, Founder of Microsoft Fox News, May 6, 2013 Original source: http://video.foxbusiness.com/v/2359385547001/
“I gave a talk back in November of ‘99 on […] how encrypted money was going to change the world. I do think bitcoin is the first one of these that has the potential to do something like that. - Peter Thiel, Co-Founder of Paypal. Secondary source: http://www.appstorechronicle.com/2013/11/exclusive-peter-thiel-bitcoin.html#ixzz2pdIR3w8w
“It’s fascinating to watch what’s happened with Bitcoin. Congress has just been spending a week looking at it, they might bring some regulations, but I just hope that it will not stifle innovations of new tech novalties like Bitcoin” Sir Richard Branson, Novembre 22th 2013 Original source: http://video.cnbc.com/gallery/?play=1&video=3000220731
“I think the fact that within the Bitcoin universe an algorithm replaces the functions of [the government] … is actually pretty cool” Al Gore, former US vice president and winner of the Nobel Peace prize Secondary source: http://www.pymnts.com/briefing-room/commerce-3-0/the-innovation-project-2013/al-gore-speaks-on-mobile-money-and-the-global-mind/
“Virtual currency systems, so long as they comply with applicable anti money-laundering and money transmission laws and regulations are not inherently illegal and they can be appealing to consumers because they can provide cheap, efficient and convenient means to transfer currency.” Mythili Raman of the Department of Justice Criminal Division Original source: http://online.wsj.com/article/65405E2A-CD8B-4B70-B8DD-9E7A19D05A61.html#!65405E2A-CD8B-4B70-B8DD-9E7A19D05A61
“Bitcoin is the most important invention in the history of the world since the internet. Roger Ver, CEO of MemoryDealers.com Original source: http://rogerver.com
“Three eras of currency: Commodity based, e.g. Gold., Politically based, e.g. Dollar, Math based, e.g. Bitcoin” Chris Dixon, Personal investor in technology startups Original source: http://nonchalantrepreneur.com/post/46485623457/three-eras-of-currency
"Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.” - Nassim Nicholas Taleb, Ph.D statistician, author, and advisor to the IMF Original source: http://nassimtaleb.org/tag/bitcoin/
"Bitcoin is going to be a big player in the future of the exchange of goods and services" Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network Original source: http://www.c-spanvideo.org/program/DigitalCu
“The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society,” Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network. Original source: http://www.c-spanvideo.org/program/DigitalCu
"A number of smart people both inside and outside of government view bitcoin as a major emerging issue that is deserving of our attention" - Senator Tom Carper (D) Original source: http://www.youtube.com/watch?v=x8Y71IXEK8w
“It [Bitcoin] is a huge, huge, huge deal […] it is gold 2.0” - Chamath Palihapitiya, venture capitalist and former Facebook executive Original source: https://www.youtube.com/watch?v=59uTUpO8Dzw&feature=youtu.be&t=19m14s
"Bitcoin may be the TCP/IP of money." - Paul Buchheit, Creator of Gmail https://twitter.com/paultoo/status/328969714283995136
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” - Tyler Winklevoss, Winklevoss Bitcoin Trust Original source: http://abcnews.go.com/Technology/winklevosses-turn-bitcoin-turmoil/story?id=18941399
submitted by FrancisPouliot to Bitcoin [link] [comments]

FOR THOSE NOT IN US. CSPAN-3 hearing BITCOIN

Right now, Senator Tom Carper is giving an introduction into what bitcoin can be used to buy. He mentioned buying all goods but specifically spoke of drugs, weapons, and how it can be used to exploit children.
Carper mentioned how the silk road was taken down in a joint effort by the CIA, FBI and dept. of Homeland security.
WILL CONTINUE UPDATING
BITCOIN TIP: public address- 1AkF4HaJrJzXVYuSxifwLUWNEwhbGv5sXu
3:10 EST: jennifer Shasky calvery- Treasury Department - Financial Crimes Mythili Ramen (head of the Dept. of Justic Crimnal Division) Edward Lowry- special agent in charge of criminal investigation division
3:13 EST - jennifer Shasky calvery statement. 'Recognizing new payment methods must keep pace with laws against money laundering and illegal money transfers. Users of virtual currencies don't have transaction limits, is secure, can be used for money laundering. Illicit actors use virtual currencies in order to launder money, enable drug trafficking and move child abuse forward.
For businesses, complying with Federal laws is good for the business integrity.
Bringing virtual currencies into regulation will be positive for the US financial system.
3:20 EST: Mythili Raman
Virtual currencies are viewed through the lens of crimnal activity. Criminals will always look for new ways to hide their crimes. The criminal division's main aim is to reduce the ability of criminals to use virtual currencies for illegal activity.
Virtual currencies (as long as the comply with laws) are not illegal. They can be convenient for consumers because they are quick. These same currencies can also be used by criminals for drugs, weapon sales, and child pornography.
In 2007 - EGOLD moved 6 million dollars per day which may have been used for sale of drugs and child pornograpgy
When virtual currencies fail to live up to their Financial Laws, the Justice division will come after them.
Silk road- the largest online marketplace for illegal substances accepts BITCOINs exclusively for payment. When silk road was shut down, the US sized upwards of 70 million dollars from the silk road website.
The US justice department is encouraged by virtual currencies reaching out to comply with FINCEN's laws. (Financial Crimes. Enforcement Network)
3:27 EST- Edward Lowry Digital currencies have continually grown over the past 17 years. Since Criminals and other illegal organizations use virtual currencies such as E-gold and Liberty reserve for illegal operations
As FINCEN emphasized, digital currency exchanges MUST comply with money laundering laws.
The secret service has successfully found and arrested leaders of illegal organizations whom use digital currencies to fund their activities.
Digital currencies are tools used by a wide variety of criminals. The secret service and ICE (immigration and customs enforcement) cooperate with FINCEN in order to find criminals who use virtual currencies for money laundering.
3:34 EST Sen. Tom Caper Asks about the early days of virtual currencies as well as what the future holds for future currencies.
3:35 EST- Jennifer Shasky Calvery When there is a new "player" in the currency industries, most people think about the gaps that will exist in the market and how criminals will use it for illegal activity. Moving forward with change is very important though, so regulation is necessary.
3:36 EST- Mythili Ramen Virtual currencies are not illegal as long as they comply with money laundering laws. The Criminal division needs to be vigilant towards virtual currencies in order to make sure they actively attempt to comply with laws.
3:38 EST -Edward Lowry The secret service's hallmark is to adopt their defenses to an ever changing threat.
3:39 EST- Sen. Tom Carper "what roll does the legislative body need in order to combat the dark side of this technology?"
3:41 EST - Edward Lowry Device fraud- today anyone in the world can reach anyone else in the world. This has changed how ICE and the secret service must combat illegal activity.
making his case for more money to his department
3:42 EST- Sen. Tom Carper - Can Law enforcement keep up with the changing technology?"
3:44 EST- Mythili Ramen Liberty reserve was taken down in a coordinated arrest done by the US branches joined with other governments. The ability of the criminal division is evolving just as much as criminal activity is evolving.
3:47 EST- jennifer Shasky calvery Congress passing the Bank secrecy act. in 2011, the justice dept needed flexibility in order to combat digital currencies. With the USA patriot act sec 311, gives FINCEN the authority to name a foreign entity as using money laundering, and thus cut off from the US market.
3:49 EST- Sen. Tom Carper - "Give examples of how virtual currencies have worked out for the good"
3:50 EST- jennifer Shasky calvery
Online banking and ACH (picture deposit) makes money exchange much easier for the consumer. But with each of these, we had to think about how criminals could exploit it.
"CASH IS STILL THE BEST MEANS FOR LAUNDERING MONEY" - jennifer Shasky calvery
3:52 EST- Sen. Tom Carper " Do you see gaps in our legislation regarding virtual currencies?"
3:53 EST- Edward Lowry
The secret service recognizes that the high level cyber criminals HAVE NOT moved towards P2P currencies such as bitcoin. Many high-level criminals use centralized online currencies based in places with less regulatory laws.
3:54 EST- Sen. Tom Carper "Which agencies need to be at the forefront of recognizing virtual currencies"
3:55 EST- Mythili Ramen The FBI, DEA, OFAC, IRS are necessary participators but are already participators. The National crime agency in the UK has also participated. The Criminal division invites any other entities for help in identifying emerging threats and what governments can do about them
Currently, the criminal statutes used thus far have been effective. The substantive criminal statute, murder statute, and money laundering statutes have already been used to prosecute criminals that use virtual currencies.
Many updates to laws can still be made.
3:59 EST- Sen. Tom Carper The JAO reports with the help of the IRS on "tax gap." 100's of millions of dollars in taxes that are owed to the treasury. The number is going down over the past 10 years
In may of this year, "virtual currencies could prevent a real vulnerability in the current system."
Question, "do you know the current guidance of that status?"
4:02 EST- Jennifer Shasky Calvery
FINCEN, once it collects financial data, disseminates the information to law enforcement. This is not only for taxes but also for evidence against criminals.
The JAO and FINCEN are working diligently to modify tax laws to incorporate virtual currencies.
The focus of FINCEN is to combat illegal use of virtual currencies while still within U.S laws. Conveniently, many of the laws are very flexible.
4:06 EST- Sen. Tom Carper After the SILK ROAD shut down, many have popped up in its place. "How do we combat these websites?"
4:07 EST- Edward Lowry
We believe there are 3 infrastructures in place. The SILK ROAD forums, the digital currencies (those which fall outside of the guidance of FINCEN), and "bulletproof hosting" -an organization that provides web hosting to anyone with servers in countries with little regulation.
4:09 EST- Mythili Ramen
The main problem is anonymity. The criminal division has created tools and strategies to combat this. (not said) but this is the TOR javascript exploit We have been successful in combating criminals who use anonymity to continue illegal activity.
4:10 EST- Sen. Tom Carper
Bitcoin and virtual currencies may move overseas to countries with less regulatory agencies. What can we do to combat this? How do we make business stay in the US?
4:12 EST-jennifer Shasky Calvery
Bitcoin is going to be a big player in the future of the exchange of goods and services. The financial action task force does a good job at making the countries around the world comply with regulatory laws.
4:15 EST - Mythili Ramen
This hearing is important for the law agencies because talking about these problems is not easy. Virtual currencies in of themselves are not illegal. Innovation is important. Just as criminals have done for ages, this is just another means for illegal activity. We need to stay vigilant in keeping pace with evolving virtual currencies.
4:17 EST- Edward Lowry The secret service will continue to work strategically to remove the gravest structures to the [US] infrastructure. We are going to have to adopt and jump over hurdles but we will work with foreign partners to make this happen. We will continue to work as a part of DHS to eliminate these threats. We believe that aggressive acts by law enforcement will benefit the world as a whole
4:18 EST-Jennifer Shasky Calvery
I heard a CEO of a fairly large bank say, "having the privilege to be a part of the financial industry comes with great responsibility. While innovation is a wonderful thing, it does come with obligations to become part of the US financial system. Regulation in place have help in minimizing the risk and the burden. We ask that businesses do this, put in place AML protections, register with FINCEN, maintain records (including suspicious reports)
We believe that these requests are reasonable because these currencies have already been used for illicit activity.
4:21 EST- Sen. Tom Carper
"This has been a thought provoking and encouraging discussion"
"It's not true We have to choose between a stronger economy and a clean environment"
"Is it possible to reap the benefits of this virtual currencies while still being able to clean up criminal activity?"
-RECESS- and change of panel
4:28 EST Introduction by Sen. Tom Carper Ernie Allen- Centre for missing & Exploited children Patrick Murck-General council of BITCOIN foundation Jerry Brito-Senior researcher of Technology at George Mason university. Jeremy Allaire- Circle Internet Financial CEO
4:30 EST- Ernie Allen Our goal is to bring people together to protect the digital economy while combating its misuse. We are excited for digital currencies to give "banking" to adults all over the world. Our concern today is the use of digital currencies in child pornography. Most countries have not added regulation to digital currencies.
Over the past year, I have consulted financial experts of this issue. Child pornography is being created and disseminated by using anatomizing technologies and virtual currencies.
Freedom hosting was shut down by law enforcement by penetrating a loophole in freedom hosting's servers which gave users identities away.
Most of the arrests of those using anonymous networks are of those who are misusing the network. Because of this, we believe that we are not catching the high-level criminals who are using these networks.
We can press for global cooperation to solve these problems. Digital currencies move from nation to nation.
We need to address the core problem which is internet anonymity. An environment in which child exploiters can thrive and not be caught should not be allowed.
Anonymity allows illegal activity, but also acts to give a voice to those against oppressive regimes.
4:39 EST- Patrick Murck There is no single bitcoin company that manages the value of bitcoin or the trade of bitcoins.
Bitcoin is like email for money. It is secure any completely transparent. Bitcoin can operate without 3rd parties.
Financial exclusion is a problem for the US. There is a rising tide of un-banked people within our borders. Bitcoin can help move people from a trapped economy to a globally connected economy.
Just like any currency, bitcoin can be used for illegal activity. It is no easier to commit crime with bitcoin then it is with any other currency.
Keeping the bitcoin network safe is all of out opportunity. When the SILK ROAD was shut down, the bitcoin community was excited.
Bitcoin is not some magical cloaking device that allows criminals free reign. The use of bitcoins is not un-regulated. The exchanges have a deep understanding of how to effectively allow users to trade bitcoin with fiat currencies.
Bitcoin exchanges- "If you give us clear rules, we will work to abide by them"
We would like to thank FINCEN to opening up the dialog about bitcoin. The bitcoin foundation looks forward to continuing in this dialog with the government and the public.
4:47 EST- Jeremy Allaire
As bitcoin moves into mainstream acceptance, it is important that governments fully understand how to include bitcoin into existing laws.
Bitcoin allows innovation in currency, exchange, and payment that many other currencies cannot offer. Much of our current infrastructure for finances has existed before the internet was invented.
It is a risk if the government doesn't support businesses that want to use bitcoins. Such businesses may be encouraged to move offshore.
The U.S. falls behind in this critical economic innovation. A bitcoin exchange in CHINA has become the single largest currency exchange in the world . We need to be open and evolving.
4:53 EST Jerry Brito
From facebook credit to world of warcraft gold, Virtual currencies are nothing new.
Prior to Bitcoins invention in 2009, all virtual currencies needed to be exchanged through an intermediary.
Emerging technologies allow great benefits but great risks. 3-d printers revolutionize personal creation, but also creation of guns.
While Bitcoin transactions don't need intermediaries, many exchanges can still convert government currency to bitcoins.
Criminals are more likely to use centralized currencies because they can lie about how much money has been moved. Currencies such the bitcoin infrastructure show every transaction that happens.
The U.S. could loose it's headstart on an emerging economy if it chooses to create strong regulatory laws.
4:59 EST- Sen. Tom Carper
"Where is the general agreement on the panel, and if not, how can we make agreement?"
5:00 EST- Ernie Allen There is clear agreement that we can't just ignore the misuse, and that the misuse jeopardizes the currency in the long run.
5:02 EST Patrick Murck
There is a real need to create on ramps into the traditional economic system. The biggest obstacle to that happening is the ability of businesses to get bank accounts in the current system, even a checking account.
If you have the word "bitcoin" anywhere around you, your file will be cast aside.
5:04 EST- Jeremy Allaire
Anonymity needs to be addressed in some way
POST IS TOO LONG, LINK TO PART II
http://www.reddit.com/Bitcoin/comments/1qxgc9/for_those_not_in_us_cspan3_hearing_bitcoin/
submitted by hand_jibber to Bitcoin [link] [comments]

**A moeda vitual Bitcoin quebra a marca dos mil dólares**

O valor de um único bitcoin ultrapassou US$ 1.000 (£ 613), pela primeira vez, de acordo com MtGox, um dos principais mercados da moeda virtual.
Valor do Bitcoin tem aumentado rapidamente desde uma audiência do comitê do Senado dos EUA, no início deste mês.
A confiança cresceu após a comissão ter descrito as moedas virtuais como um "serviço financeiro legítimo".
O Bitcoin se tornou popular em parte devido ao fato de ser difícil de rastrear transações.
A moeda está muitas vezes ligada à atividade ilegal online.
Os clientes que utilizam a Rota da Seda - um site de venda de drogas ilegais que foi fechado no mês passado – teriam pago por bens usando Bitcoin.
Muitos tiveram medo de que a repressão faria com que o valor despencasse, mas a crescente confiança de que as autoridades reguladoras não buscariam proibir a moeda iminentemente permitiu ver seu preço subir.
Os entusiastas dizem que é uma forma altamente eficiente de lidar com transferências monetárias globais.
"Tem sido incrível assistir o Bitcoin ir de zero a U$ 1.000 em apenas cinco anos", disse Mike Hearn, um desenvolvedor Bitcoin.
"É fácil esquecer que o verdadeiro valor do Bitcoin não está em uma taxa de câmbio arbitrária, mas em sua capacidade de permitir novas aplicações e serviços que não são possíveis com redes de pagamento de hoje."
Audiência no Senado
A audiência do Senado dos EUA no início deste mês foi motivada pelo fim da Rota da Seda.
Representantes do Departamento de Justiça e da Comissão Bancária de Títulos e Câmbios foram convidados a apresentar as suas opiniões sobre as moedas virtuais para o comitê, e vem sido recebidas cartas de reconhecimento do FBI e do Banco Central dos EUA.
"Moedas virtuais, talvez mais notavelmente o Bitcoin, tem capturado a imaginação de alguns, colocado medo em outros, e confundiu o resto de nós pra danar", disse o presidente do comitê, senador Thomas Carper, no discurso de abertura.
O FBI, em uma carta ao comitê, disse reconhecer que as moedas virtuais têm oferecido "serviços financeiros legítimos", mas que poderiam ser "exploradas por usuários mal-intencionados".
Mythili Raman, o chefe da Divisão Criminal do Departamento de Justiça, disse à comissão: "Temos visto aumento do uso de tais moedas por traficantes de drogas, traficantes de pornografia infantil, e autores de esquemas de fraude em grande escala".
Mas o Bitcoin, lentamente, começa a ser usado para outros fins mais legítimos.
Em outubro foi aberto o primeiro caixa eletrônico Bitcoin em Vancouver, Canadá - a máquina permite aos usuários trocar bitcoins por dinheiro e vice-versa.
Embora um bitcoin inteiro possa valer mil dólares, é possível pagar por bens usando frações de bitcoins.
Por exemplo, o site pizzaforcoins.com oferece duas pizzas por 0,02160 bitcoins.
Flutuações Selvagens
O valor do Bitcoin tem flutuado ao longo do último ano. Em janeiro, ele foi negociado a cerca de U$ 20.
Em abril, uma venda em massa provocou a queda do valor de um bitcoin de 260 dólares para 130 dólares em apenas algumas horas. O mercado MtGox disse que havia feito um grande esforço para lidar com um entrada repentina e "bastante surpreendente" de novos usuários.
A moeda virtual também foi rapidamente adotado na China, onde um mercado - o BTC China - é dito ser o mais ativo no mundo.
Uso de Bitcoin na China tem sido atribuído ao fato de ser uma forma eficaz de conseguir dinheiro de forma confiável fora do país.
Vários mercados de Bitcoin foram criados em todo o mundo, com o MtGox sendo o mais proeminente.
Normalmente, cada mercado vai mostrar um valor diferente - isto é devido à dificuldade em trocar bitcoins por moeda real, um processo que pode exigir a transferência de fundos através de vários bancos em diferentes países. Cada banco provavelmente iria cobrar uma taxa para essas transações.
A volatilidade do Bitcoin tem feito com que alguns não se refiram a ele como uma "moeda" de verdade, mas, em vez disso o vêem como um estoque ou mercadoria.
Como o Bitcoin Funciona
Bitcoin é muitas vezes referido como um novo tipo de moeda.
Mas pode ser melhor pensar em suas unidades como sendo fichas virtuais em vez de moedas ou notas físicas. No entanto, como toda moeda, seu valor é determinado pela quantidade de pessoas que estão dispostas a trocá-la.
Para processar transações de Bitcoin, um procedimento chamado de "mineração" deve ocorrer, o que envolve um computador resolvendo um problema matemático difícil com uma solução de 64 dígitos.
Para cada problema resolvido, um bloco de bitcoins é processado. Além disso, o minerador é recompensado com novos bitcoins .
Isto fornece um incentivo para as pessoas fornecerem poder de processamento de seus computadores para resolver os problemas.
Para compensar o crescente poder de processamento dos computadores, a dificuldade dos quebra-cabeças é ajustada para garantir um fluxo constante de cerca de 3.600 novos bitcoins por dia.
Existem atualmente cerca de 11 milhões de bitcoins.
Para receber um bitcoin um usuário deve ter um endereço Bitcoin - uma série de 27-34 letras e números - que atua como uma espécie de caixa de correio virtual para o qual os bitcoins são enviados.
Como não há registro desses endereços, as pessoas podem usá-los para proteger seu anonimato ao fazer uma transação.
Esses endereços são por sua vez armazenados em carteiras Bitcoin que são usados para gerenciar as reservas de bitcoins.
Eles funcionam como contas bancárias de gestão privada - com a ressalva de que, se os dados são perdidos, os bitcoins também o são.
Análise de Rory Cellan-Jones, correspondente de tecnologia
Tem sido um ano extraordinário para a moeda, o que atrai discípulos e odiadores em quantidades semelhantes.
Em janeiro, quando apenas uma banda dedicada de libertários e uber -geeks sabia mais sobre ele, um bitcoin valia menos de US $ 20 - mas quando as pessoas começaram a escrever sobre suas vantagens , o valor aumentou.
Então, em outubro, quando o FBI fechou a Rota da Seda - o mercado de drogas on-line onde Bitcoin foi o principal meio de troca -, e ele caiu em mais de 20% em poucas horas.
Mas na semana passada foi dado o selo de respeitabilidade quando uma audiência do Senado dos EUA ouviu depoimentos brilhantes sobre o seu potencial, com funcionários da administração do presidente Barack Obama, comparando os seus méritos com os da internet.
Existe agora um crescente conhecimento e interesse no Bitcoin entre os funcionários responsáveis pela aplicação da lei, entidades reguladoras e economistas. E, embora ainda haja muito ceticismo sobre a sua segurança, a ideia de uma moeda virtual para a internet criou raízes.
Mas os investidores devem ficar atentos - qualquer um que entrar na onda pode ter garantido um crescimento instável.
Original em: http://www.bbc.co.uk/news/technology-25120731
Traduzido por Sarah Alexandre
submitted by sa_rah to BrasilBitcoin [link] [comments]

Entidades Reguladoras Veem Valor No Bitcoin, E Investidores Se Apressam Em Concordar.

BY NATHANIEL POPPER
A moeda virtual bitcoin deu um grande passo em direção a sua popularização nesta segunda-feira quando as autoridades federais sinalizaram sua disposição de aceitá-la como uma alternativa de pagamento legítimo. Um número de funcionários federais disse em uma audiência no Senado que essas redes financeiras ofereceram benefícios reais para o sistema financeiro, assim como eles reconheceram que as novas formas de dinheiro digitais haviam fornecido caminhos para a lavagem de dinheiro e atividades ilegais.
"Há muitas oportunidades para as moedas digitais operarem dentro das leis e regulamentos existentes", disse Edward Lowery, um agente especial do Serviço Secreto, que é encarregado de proteger a integridade do dólar. Sinais de que o governo não iria se colocar no caminho do desenvolvimento do bitcoin, mesmo que ele venha reprimindo as redes criminosas que usam o dinheiro digital, alimentou uma forte recuperação no preço do cripto-moeda.
Na segunda-feira à noite, o valor de uma unidade de bitcoin explodiu ultrapassando 700 dólares em algumas trocas. Esse excepcional montante de bitcoins - que é criado por uma rede de usuários que resolvem problemas matemáticos complexos - agora vale mais de US $ 7 bilhões. A audiência do Senado nesta segunda-feira à tarde, foi uma indicação mais clara do desejo do governo de lidar com as consequências deste crescimento, e o reconhecimento de que o bitcoin e outras redes semelhantes podem se tornar peças mais duradouras e importantes do cenário financeiro.
Video: http://www.nytimes.com/video/business/100000002167289/bitcoin-has-real-world-investors.html
"A decisão de trazer a moeda virtual dentro do escopo do nosso quadro regulamentar deve ser visto por aqueles que respeitam e obedecem aos fundamentos básicos da lei como um desenvolvimento positivo para o setor", disse Jennifer Shasky Calvery, o diretor do Departamento de Execução de Crimes Financeiros do Tesouro. "Ele reconhece a inovação que moedas virtuais fornecem, e os benefícios que elas podem oferecer." Ms. Shasky Calvery e os outros funcionários na audiência disseram que ainda havia questões básicas a serem respondidas sobre moedas virtuais, incluindo se elas realmente podem ser consideradas moedas ou se são mais corretamente classificados como bens ou valores mobiliários. A distinção vai determinar quais agências regularam as redes e como elas serão tratadas sob a lei fiscal.
Ms. Shasky Calvery disse que a Receita Federal estava "trabalhando ativamente" em suas próprias regras para o bitcoin.
A audiência seguiu outras medidas menos visíveis tomadas pelos reguladores e legisladores para trazer o dinheiro digital ao mainstream monetário.
O principal regulador financeiro do Estado de Nova York, Benjamin M. Lawsky, disse na semana passada que ele iria realizar uma audiência para considerar a criação de um BitLicense para fornecer mais fiscalização para as transações. Mais cedo, a Comissão Federal Eleitoral expôs um aviso indicando que bitcoin pode ser legalmente aceitos como doações políticas.
O conselheiro geral da Fundação Bitcoin, uma organização sem fins lucrativos que defende a moeda, disse em seu depoimento na segunda-feira que ele estava recebendo uma resposta muito mais amigável do governo e do setor financeiro.
"Nós recentemente percebemos uma melhora acentuada no tom e ênfase tomada por ambos os funcionários do Estado e executivos de banco", disse o conselheiro-geral, Patrick Murck, disse.
Bitcoin tem experimentado uma ascensão notável desde que foi criado em 2009 por um programador anônimo ou coletivo conhecido como Satoshi Nakamoto. O dinheiro, que não está vinculado a qualquer moeda nacional, tem sido popular com tecnófilos que são céticos dos bancos centrais do mundo. Apenas uma quantidade finita de bitcoin será criada - 21 milhões de unidades. Os usuários alavancaram os preços pelas casas de câmbio pela Internet, apostando que a moeda será mais amplamente utilizada no futuro.
Há questões importantes sobre a sabedoria de usar o dinheiro digital como um investimento, uma vez que bitcoin não possui valor intrínseco e provou ser vulnerável a hackers. Muitos gestores de fundos têm recomendado aos investidores inexperientes para permanecerem longe.
Recentemente, porém, o bitcoin tem pegando fogo em todo o mundo, com trocas na China particularmente ativas. Um número crescente de investidores americanos proeminentes também compraram participações, incluindo Michael Novogratz, diretor da gigante Fortress Investment Group¹, assim como os gêmeos Winklevoss, Cameron e Tyler.
A participação cada vez mais generalizada do bitcoin deslocou a atenção para longe dos empreendimentos criminosos que usaram o dinheiro digital, mas era um foco na audiência do Senado.
No mês passado, o mercado on-line Silk Road, onde o Bitcoin é a principal forma de pagamento, foi fechado e seu fundador preso depois que as autoridades o acusaram de ser usado para comprar e vender drogas, armas e pornografia. O presidente da comissão do Senado, Thomas R. Carper, democrata de Delaware, disse que poucos dias depois da prisão, um site semelhante surgiu.
"Pode ser mais difícil de rastrear os criminosos que usam o Bitcoin", policiais disseram na audiência, "porque operam através das fronteiras internacionais e muitas vezes não usam instituições financeiras estabelecidas que reportem as transações”.
Mas Mythili Raman, um procurador-geral adjunto do Departamento de Justiça, também disse que, porque cada transação de bitcoin era gravada em um registro público, foi possível aos investigadores rastrear a movimentação de dinheiro entre contas.
"Não é, de fato, anônimo. Não está imune a investigação", disse Raman.
Todos os funcionários na audiência disseram que crimes tinham sido um problema durante os primeiros dias de cartões de crédito e sistemas de pagamento online como o PayPal, e não deve ser uma razão para limitar a inovação.
"É nosso dever, como aplicadores da lei de permanecermos vigilantes, reconhecendo que há muitos usuários legítimos desses serviços", disse Raman.
Os defensores do bitcoin que testemunharam na audiência disseram que o bitcoin pode trazer grandes mudanças para o sistema financeiro por cortar os intermediários necessários para movimentar o dinheiro em todo o mundo. "Estou aqui para testemunhar porque eu acredito que a moeda digital global representa uma das inovações técnicas e econômicas mais importantes do nosso tempo", disse Jeremy Allaire, presidente-executivo do Círculo Internet Financial, que está tentando promover uma utilização mais difundida da moeda.
Dado o apelo do bitcoin aos céticos do governo, muitos aficionados têm sido cautelosos com envolvimento de Washington. Mas os defensores na audiência disseram que a crescente cooperação com as entidades reguladoras poderiam lançar as bases para um maior crescimento.
"À medida que essa tecnologia se desloca de pioneiros para a aceitação popular, é fundamental em minha opinião, que os governos federais e estaduais estabeleçam políticas em torno da moeda digital", disse Allaire.
¹http://dealbook.on.nytimes.com/public/overview?symbol=FIG&inline=nyt-org
Traduzido por Sarah Alexandre
Uma versão desse artigo aparece na impressão de 19/11/2013, na página B1 da edição do NewYork com o título: “Regulators See Value in Bitcoin, And Investors Hasten to Agree” Texto original em: http://dealbook.nytimes.com/2013/11/18/regulators-see-value-in-bitcoin-and-investors-hasten-to-agree/?_r=0
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From the NFL to the World!

Bitcoin can be the catalyst to providing education opportunities to children and adults in some of the most marginalized areas in the world. Join Marques Anderson and the World Education Foundation in providing life-changing programs, which create immediate impact and a brighter future.
After graduating from UCLA and playing in the NFL for 5 seasons (originally drafted by Green Bay Packers), I went back to school to receive my Master’s in Adult Learning and Global Change. Inspired by newfound knowledge, freedom and the excitement of adventure I set up the World Education Foundation in 2009 (WE Foundation) to provide education programs in the U.S., Africa, South America and Europe. Since then, WE have been on a journey to provide capacity building programs in some of the most impoverished communities around the world. We have been able to create over 330,000 malaria treatments in the DR Congo, provide Leadership programs to over 5,000 youth in Morocco and Algeria, and have been able to introduce American Football clinics to over 1,500 kids in marginalized areas.
Over the past year and a half, I’ve been hearing a buzz about a new currency, which has the potential to change social, economic and political landscapes across borders. A true REVOLUTION! In the press, Bitcoin has been under attack because of its “role in dodgy online markets.” Now- with the resilience of Bitcoin pioneers and the recognition that virtual currencies are a legal means of exchange, by Mythili Raman, there is great opportunity to change and shape the perceived culture of Bitcoin. Showing policy makers and users that Bitcoin can be a sustainable and well worthy currency, which can create a tremendous amount of good throughout the world and ultimately save lives, can only be good for continued growth in the Bitcoin community.
Bitcoin is the future and WE are at the brink of new exploration and social revolution. I want to grow with you all and create something special. WE operate focused on 4 critical elements: 1. Trust 2. Transparency 3. Communication and 4. Change (TTCC). Over the coming weeks I will supply information and pictures concerning the projects we are currently working on to begin to build a relationship with you all and see if WE can continue to positively impact the world together. Let’s set sail in uncharted territory; taking us on a journey, where WE look back at this point in history and WE find ourselves in amazement with what has been accomplished through synergy and effort.
The WE Foundation has just begun receiving Bitcoin donations and our wallet can easily be found on our site. You will also be able to find additional information on our initiatives and mission. I am very new to the Bitcoin community, so just as any other adventure, I will have a lot of questions and hopefully you will have a lot of questions for me as well. Through this open dialog, I hope WE can create a relationship, which allows us to maximize our potential together.
Humble Regards
Marques D. Anderson FoundeExecutive Director World Education Foundation www.theworldeducationfoundation.com
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Sen. Cruz Q&A with Mythili Raman on Campaign Finance Reform Senate Hearing on Digital Currencies - Bitcoin - November 18, 2013 - Round 1, Part 1 Bitcoin India News On CNBC AWAZ mythili rajaraman - YouTube 2014 State of the Net: Mythili Raman, Assistant Attorney General, Criminal Div., US Dept. of Justice

Jennifer Shasky Calvery, left, with Mythili Raman and Edward Lowery on Monday at a hearing in Washington The virtual currency bitcoin took a big step toward the mainstream on Monday as federal authorities signaled their willingness to accept it as a legitimate payment alternative. Mythili Raman, acting assistant attorney general of the Justice Department’s criminal division, speaks during a Senate Homeland Security and Governmental Affairs Committee hearing about Bitcoin MYTHILI RAMAN: Virtual currencies in and of themselves are not illegal. We've all recognized that innovation is important. HENN: With those words the value of a single Bitcoin shot up 25 percent At a U.S. Senate Homeland Security and Governmental Affairs Committee hearing on virtual currencies on Monday, Mythili Raman, an acting assistant attorney general at the Department of Justice U.S. Attorney Mythili Raman says Bitcoin's efficiency can be appealing to consumers, but that those same features make it equally appealing to criminals. Raman is touting Justice's crackdowns on

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Sen. Cruz Q&A with Mythili Raman on Campaign Finance Reform

കിടപ്പറ രംഗം കേസുമായി നടി തന്നെ Actress mythili leaked photos Mythili Kiran Kumar - Duration: 1:26. Cine Scope 697,198 views 1:26 जानें जब Shivaji ने Tanhaji को Kondana युद्ध के लिए चुना, तो Jijabai ने उनसे क्या वादा किया था! Bitcoin Revolution - In this show our focus is on Bitcoin. It is a world's most expensive cryptocurrency . Attracting over 600 attendees annually, the State of the Net Conference provides unparalleled opportunities to network and engage on key policy issues. The S... Cameron and Tyler Winklevoss Gemini brothers: Exchange, Finance, Bitcoin, BTC, Investments 2020 Fund Gemini 104,293 watching Live now Funny joke by Shri Gaur Gopal Prabhu.

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