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Google Looks To Cut Funds To Illegal Sites

rbrandis writes "Google is in discussions with payment companies including Visa, MasterCard and PayPal to put illegal download websites out of existence by cutting off their funding. If Google goes ahead with the radical move, it would not mark the first time that illegal websites have been diminished or driven out of business by having a block put on their source of money."

347 comments

  1. AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 5, Insightful

    Thanks Google/banks for killing your own model and building the strength of your sucessor.

    1. Re:AKA Google drives Bitcoin Into Mainstream use by Githaron · · Score: 1, Interesting

      How are Bitcoins illegal?

    2. Re:AKA Google drives Bitcoin Into Mainstream use by Goaway · · Score: 2, Insightful

      Thanks to bitcoin, people can exercise their freedom to get rich off other people's hard work!

    3. Re:AKA Google drives Bitcoin Into Mainstream use by amiga3D · · Score: 4, Insightful

      All it takes is the stroke of a pen.

    4. Re:AKA Google drives Bitcoin Into Mainstream use by amiga3D · · Score: 5, Funny

      Don't worry, the RIAA are going to sue them for patent infringement.

    5. Re:AKA Google drives Bitcoin Into Mainstream use by Marillion · · Score: 4, Interesting

      It hasn't been declared illegal ... yet. Governments do tend to regard the minting of legal tender as their exclusive purview. The bitcoin community would do well to regard bit coins as "scrip" or "tokens" and not "currency." Lawyers love to sink their teeth into the legal definitions of words as opposed the common usage of words.

      --
      This is a boring sig
    6. Re:AKA Google drives Bitcoin Into Mainstream use by tripleevenfall · · Score: 4, Funny

      Bitcoin reportedly tried to buy off a number of politicians, but the pols reneged when the bribes were provided in some sort of opaque pretend-currency.

    7. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 2, Informative

      AC might be referring to issues like this: (at least in the US)
      http://www.courierpress.com/news/2011/mar/19/local-liberty-dollar-architect-found-guilty/

    8. Re:AKA Google drives Bitcoin Into Mainstream use by dmbasso · · Score: 2

      Indeed, but it will be interesting to see how they're going to regulate virtual currencies. How to make a linden coin legal while criminalizing bitcoins?

      --
      `echo $[0x853204FA81]|tr 0-9 ionbsdeaml`@gmail.com
    9. Re:AKA Google drives Bitcoin Into Mainstream use by Goaway · · Score: 0

      The RIAA does pay its artists, even if it stingy.

      How many of these sites have you seen pay anyone anything?

    10. Re:AKA Google drives Bitcoin Into Mainstream use by poetmatt · · Score: 2

      anything is in that category.

      For the time being however, there is no such stroke of the pen. It's also a whole hell of a lot harder to restrict a digital currency.

    11. Re:AKA Google drives Bitcoin Into Mainstream use by Artraze · · Score: 5, Insightful

      Once upon a time there was this thing "innocent until proven guilty" which meant that stuff wasn't declared in violation of the law until that violation was argued and confirmed. People had a right to a defense. Think that's going to happen here? Or is this going to be 'shoot first, ask questions never' like the rest of internet enforcement? How many fair use sites will just have their money stolen from them (usually when these sorts of decisions happen, they also take any owed money for the last payment period... usually a month) without any ability to argue their case?

      Also, keep in mind that 'illegal' in these sorts of cases very often means more like 'things we don't like' and will intentionally sweep up any not-even-gray zone stuff that they don't want to deal with. Hosting an image board / cloud storage / video share? Except to be black listed the moment some troll posts something illegal no matter how fast the mods pull it down or even if you comply with the DMCA.

      (And if you don't believe me, see how funding was cut for WikiLeaks, despite the fact that publishing classified material is not a crime. Publishing certain secrets can be, but was that proven before funding was cut? Nope. As I understand it, despite their best efforts, they still have yet to find anything illegal about WikiLeaks's behavior.)

    12. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      No one possesses bitcoins, they possess an encrypted hash.

    13. Re:AKA Google drives Bitcoin Into Mainstream use by BasilBrush · · Score: 4, Interesting

      "innocent until proven guilty" only ever applied to criminal law. This is civil law at best. But more probably not even that. Visa and the other credit companies don't have to do business with any particular merchant. They are free to chose who to do business with and who not to.

      The danger here, and not a legal one but a moral one, is that it may be that Visa and the other credit companies trust Google to tell them who not to do business with. I don't think Google have proven themselves to be trustworthy enough to make such decisions. And the scale of their operation suggests they might automate it. Not good.

    14. Re:AKA Google drives Bitcoin Into Mainstream use by horza · · Score: 5, Insightful

      A think a lot of us didn't take Bitcoin seriously until we saw what happened to Wikileaks. The incredible power of VISA to simply cut off global funding to any entity at a keystroke with zero accountability to anybody. Whereas prior the idea of Bitcoin would be seen as "too much effort", a lot of people could now be pushed into giving it a try.

      Phillip.

    15. Re:AKA Google drives Bitcoin Into Mainstream use by interkin3tic · · Score: 1

      Sucessor? To google? Via bitcoins? I can't come up with a way that works that sounds realistic.

    16. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Visa and the other credit companies don't have to do business with any particular merchant. They are free to chose who to do business with and who not to.

      Visa could choose to not do business with blacks if they choose to?
      If you say no, where is the line drawn?

    17. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      The law is very clear about MINTING and PRINTING new currency within the US to be used in the US for sure, But Bitcoins are not printed of minted. You talk about lawyers loving legal definitions and let me assure you, they are the two definitions that matter the most in this case.

    18. Re:AKA Google drives Bitcoin Into Mainstream use by cellurl · · Score: 1

      Just have drones drop cash above drop locations... hee hee.
      Help eliminate stupid speeding tickets.

    19. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Mega

    20. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Thanks Google/banks for killing your own model and building the strength of your sucessor.

      Huh? I smell someone who relies on illegal downloads for his porn.

    21. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      FWIW, I love Bitcoin. I'm going to make a point of using it to pay for more services online, as a reaction to this move by Google.

    22. Re:AKA Google drives Bitcoin Into Mainstream use by Sulphur · · Score: 2

      Just have drones drop cash above drop locations... hee hee.

      Another Keynesian.

    23. Re:AKA Google drives Bitcoin Into Mainstream use by Impy+the+Impiuos+Imp · · Score: 1

      Bitcoin transactions are unobserved by government, and thus difficult to track to tax. It's like a Swiss bank account for everybody where transactions take place securely hidden from taxing eyes.

      --
      (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    24. Re:AKA Google drives Bitcoin Into Mainstream use by davidwr · · Score: 1

      That's like saying "I don't possess a computer, I possess a hunk of plastic, silicon, and other bits of matter carefully arranged in a certain way."

      --
      Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    25. Re:AKA Google drives Bitcoin Into Mainstream use by DutchUncle · · Score: 1

      Nobody needs to tax bitcoins. At some point, someone needs to pay real money for electricity, or hard drives, or food, and the bitcoins have to be exchanged for real money. As long as the real world is separate from bitcoins, the tax agencies can find the money.

    26. Re:AKA Google drives Bitcoin Into Mainstream use by DutchUncle · · Score: 1

      This is the most important point. The banking system could kill any target by simply refusing to handle their accounts. A generation ago, dealing completely in cash was still realistic; at this point it's a little bit tough to imagine it working at a practical level.

    27. Re:AKA Google drives Bitcoin Into Mainstream use by davidwr · · Score: 1

      How many of these sites have you seen pay anyone anything? (emphasis added)

      If the sites don't pay anything they wouldn't need any incoming money.

      Oh, you mean paying the artists, sorry, my bad.

      --
      Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    28. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 1

      I know you are joking, but contrary to common believe, it is perfectly legal in many countries (including the US) to create/print your own money (where "your own money" is different from counterfeiting).

    29. Re:AKA Google drives Bitcoin Into Mainstream use by mark-t · · Score: 1

      They probably could... but the resulting bad press would probably bankrupt them in months if they didn't reverse the decision (and the only reason it would even take that long is because they are so big). Thus, they have inventive to not discriminate for such reasons.

    30. Re:AKA Google drives Bitcoin Into Mainstream use by hedwards · · Score: 2, Interesting

      We still don't take BTC because it's a glorified Ponzi scheme. The founders make a crapload of money for very little effort and newbies get less and less as more and more people join. What's more because of the fixed maximum number of BTC that can come into existence, you're going to have a deflationary spiral that you can't escape eventually.

      The only people using BTC are people who are too stupid to realize what they're dealing with.

    31. Re:AKA Google drives Bitcoin Into Mainstream use by jodido · · Score: 0

      1. "blacks" is not a business. Visa can do business with whomever. 2. In the US there are laws that prohibit discrimination on the basis of skin color. Refusing to do business with black-owned businesses, for no other reason than skin color, is illegal, although a pattern of discrimination has to be proven.

    32. Re:AKA Google drives Bitcoin Into Mainstream use by hedwards · · Score: 1

      All debts have to be denominated in USD in the US, I'm sure most countries have similar rules in place. Which means that it's likely to remain legal forever to take payment in BTC, but you can't refuse to take USD in some form as payment.

      And generally, minting and printing are related to the USD coins and paper that people use. Not to the creation or use of non-USD markers for keeping track of financial obligations.

      Which is why I'm a bit curious how MS and the others get around skirting the issue by making you buy points and purchasing things with points.

    33. Re:AKA Google drives Bitcoin Into Mainstream use by Runaway1956 · · Score: 1, Troll

      Actually, most first world governments have abdicated the right and responsibility for minting currency, in favor of the world bank, and it's subsidiary national central banks. For instance, the "Federal Reserve" bank.

      --
      "Windows is like the faint smell of piss in a subway: it's there, and there's nothing you can do about it." - Charlie Br
    34. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      No fair, only banks are allowed to do that

    35. Re:AKA Google drives Bitcoin Into Mainstream use by sg_oneill · · Score: 1

      In bitcoins defense its almost singlehandedly invented the genre of schadenfreude based financial humor.

      "Hey guys I've put my entire life savings into bitcoin"
      *someone posts "sell now!" on a forum and life savings instantly lose 4/5 of its value.

      A wise man once said "Comedy on the internet is defined as tragedy , and the words "and then I lost my bitcoins""

      --
      Excuse the Unicode crap in my posts. That's an apostrophe, and slashdot is busted.
    36. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      No, thanks to the MPAA/RIAA suing anything that movies on BitTorrent, people would rather pay a few dollars to avoid getting sued.

      If the MPAA/RIAA didn't sue 12 year olds and grandmas over torrents, people would much rather use them. Then nobody would get rich from piracy.

      Don't kid yourself, they created this situation where warez sites, VPN sites, Usenet providers, and NZB providers can get rich.

    37. Re:AKA Google drives Bitcoin Into Mainstream use by gman003 · · Score: 2, Interesting

      You're going to have to narrow it down - "opaque pretend-currency" describes the US Dollar as well as it describes Bitcoins.

    38. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Except enforcing that ban won't be quite so easy. You end up with a situation where either the banks start embargo-ing the exchange sites, in which case it would become a cat and mouse game as new exchanges keep popping up. Or (and this would probably be the best option from the point of view of free society) bitcoin becomes an independent ecosystem from the rest of the world's currencies. Sure, that would make it harder for the average person to start using it (they'd need ways to earn bitcoins) but from that point onwards the genie truly would be out of bottle and the Authorities would really have a problem on their hands. It would surely lead to the next escalation in the world war for your civil liberties.

    39. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Every single bitcoin transaction is public knowledge. That's inherent to the bitcoin protocol. See http://www.blockchain.info/.

    40. Re:AKA Google drives Bitcoin Into Mainstream use by blueg3 · · Score: 1

      Minting your own currency also is legal in the US. I assume their are restrictions (and participation is of course voluntary), but there are a large number of active local currencies in the US.

    41. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      you've never been involved in a civil suit, have you? At least not from the deep legal end of things.

    42. Re:AKA Google drives Bitcoin Into Mainstream use by Megane · · Score: 2

      So they tried to bribe them with Canadian Tire Money?

      --
      #naabhaprzrag, #sverubfr-000, #agi-fcbafberq, negvpyr[pynff*=' negvpyr-ary-'] { qvfcynl: abar !vzcbegnag; }
    43. Re:AKA Google drives Bitcoin Into Mainstream use by JesseMcDonald · · Score: 1

      All debts have to be denominated in USD in the US, I'm sure most countries have similar rules in place. Which means that it's likely to remain legal forever to take payment in BTC, but you can't refuse to take USD in some form as payment.... Which is why I'm a bit curious how MS and the others get around skirting the issue by making you buy points and purchasing things with points.

      As you said yourself, legal tender rules only apply to debts. If you provide goods or services on credit then you must accept USD as an alternative to whatever the customer actually agreed to as the form of payment. If you insist on payment up front, however, then there is no debt and you are under no obligation to accept USD. The point systems you allude to operate on a pre-pay basis.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    44. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      "innocent until proven guilty" only ever applied to criminal law. This is civil law at best. But more probably not even that. Visa and the other credit companies don't have to do business with any particular merchant. They are free to chose who to do business with and who not to.

      The danger here, and not a legal one but a moral one, is that it may be that Visa and the other credit companies trust Google to tell them who not to do business with. I don't think Google have proven themselves to be trustworthy enough to make such decisions. And the scale of their operation suggests they might automate it. Not good.

      I think he meant due process.

    45. Re:AKA Google drives Bitcoin Into Mainstream use by aaaaaaargh! · · Score: 1

      Google could start by cutting off their own funding. It's not as if there weren't any pirated music or movies on Youtube ...

      Fucking hypocrites.

    46. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0, Informative

      Once upon a time there was this thing "innocent until proven guilty"

      Many countries do not have this presumption of innocence - for example France has never had it, and the French get along pretty well as long as the Germans aren't invading.

      In other news, some people don't speak English, and aren't even circumcised.

    47. Re:AKA Google drives Bitcoin Into Mainstream use by spire3661 · · Score: 1

      You are a fool if you dont know why Wikileaks funding was cut. When you give powerful people a black eye, all pretense of truth or justice gets swept away.

      --
      Good-bye
    48. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Once upon a time there was this thing "innocent until proven guilty" which meant that stuff wasn't declared in violation of the law until that violation was argued and confirmed. People had a right to a defense. Think that's going to happen here? Or is this going to be 'shoot first, ask questions never' like the rest of internet enforcement? How many fair use sites will just have their money stolen from them (usually when these sorts of decisions happen, they also take any owed money for the last payment period... usually a month) without any ability to argue their case?

      Also, keep in mind that 'illegal' in these sorts of cases very often means more like 'things we don't like' and will intentionally sweep up any not-even-gray zone stuff that they don't want to deal with. Hosting an image board / cloud storage / video share? Except to be black listed the moment some troll posts something illegal no matter how fast the mods pull it down or even if you comply with the DMCA.

      (And if you don't believe me, see how funding was cut for WikiLeaks, despite the fact that publishing classified material is not a crime. Publishing certain secrets can be, but was that proven before funding was cut? Nope. As I understand it, despite their best efforts, they still have yet to find anything illegal about WikiLeaks's behavior.)

      I agree with you 100%, added - Point of Fact, ("see how funding was cut for WikiLeaks") authorization of funding was cut, when WikiLeaks' stated the intentions of publishing 'Financial Institutions/Banks' dirty laundry to the public.

    49. Re:AKA Google drives Bitcoin Into Mainstream use by spire3661 · · Score: 1

      What happened to Wikileaks? Getting funding cut is standard M.O. WHEN YOU PISS OFF A SOVEREIGN. It amazes me people get all bent out of shape because Visa choose not to do business with a pretty unsavory character.

      --
      Good-bye
    50. Re:AKA Google drives Bitcoin Into Mainstream use by Medievalist · · Score: 2

      Visa and the other credit companies don't have to do business with any particular merchant. They are free to chose who to do business with and who not to.

      Visa could choose to not do business with blacks if they choose to?

      If you say no, where is the line drawn?

      At fat people and badly dressed people.

      And in most places you can refuse to do business on the grounds that you're a complete jerk and you just don't feel like doing anything helpful right now.

      I'm totally not kidding.

    51. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      You know, most of us don't support that model, but every time I see a post like yours I seriously want to go download a car.

    52. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 1

      Obviously the dollar, you can review Bitcoin's source and a list of all transactions ever.

    53. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 1

      I see we have a definition problem. I propose a simple test that should be agreeable to anyone, or at least anyone I'd ever want to have a beer with:

      "Can I readily purchase beer with it?"

      If the answer is "yes", it is "real money". If the answer is "no" (or you need to start equivocating on the definitions of any of the words "readily", "purchase", or "beer"), it is "pretend money".

      It should be clear, from this test, which of BitCoin and the US Dollar are "real money" and which are "pretend money" in the United States. Obviously, the test is location-dependent, but I submit that paper USD will readily buy beer in more locations than any other currency.

      (There are the additional implications, of course, that persons under the age of 21 are not full economic actors, and that the US was a failed state between 1920 and 1933; I stand by both of these assertions.)

    54. Re:AKA Google drives Bitcoin Into Mainstream use by hedwards · · Score: 1

      But, that isn't standard though. It's mostly just MS, Sony and Nintendo that do that, if I buy a gift card for Starbucks, it's denominated in USD, if I buy one for McDonald's, it's USD. In fact I have a hard time finding any that aren't involved with gaming.

      And the aspect which really makes me question the legality is that they use that as a means of doing an end run around typical consumer protections.

    55. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      This is really beating a dead horse, but if you think bitcoins are a ponzi scheme, then either you don't understand bitcoins or you dont know what a ponzi scheme is. This has been proven wrong so many times I'm not even going to waste my time.

      And your going to cry because the people who got in first made the most? How is this any different than those who bought google or ms stock early? Do cry me a river.

      The fixed maximum number will not lead to a deflationary spiral as you think, as each coin is divisible by 99,999,999 , over time as value goes up, less amounts are used, the coins are continually split up.

      The people who use BTC ARE smart enough to realize what they're dealing with. And are finding them increasingly useful.

    56. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Why Bankers Rule the World - It’s the Interest, Stupid!
      http://www.marketoracle.co.uk/Article39053.html

    57. Re:AKA Google drives Bitcoin Into Mainstream use by suutar · · Score: 1

      Perhaps it has to do with whether the business is international? MS, Sony, Nintendo have customers on multiple continents, and probably want to just be able to say "it's 1200 points" everywhere without having to dynamically figure out the local currency. Gift cards at Starbucks and McDonald's are almost certain to get used in the same country they were purchased though.

    58. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0
    59. Re:AKA Google drives Bitcoin Into Mainstream use by psm321 · · Score: 1

      The fixed maximum number will not lead to a deflationary spiral as you think

      ...

      as each coin is divisible by 99,999,999 , over time as value goes up, less amounts are used, the coins are continually split up.

      And what, exactly, do you think deflation is?

    60. Re:AKA Google drives Bitcoin Into Mainstream use by ron_ivi · · Score: 1

      I hope Google bans themselves (both their search engine and YouTube) from taking credit card payments, because they are by far the biggest source of links to illegal material (in many countries) -- far surpassing the Pirate Bay.

    61. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Of course as a proven paid apple shill you *would* say that.

    62. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      If you're worried that people will get a better return by buying bitcoins instead of lending money, then this can be fixed by the government by taxing profits of the first kind 100%, and taxing profits of the second kind less.

    63. Re:AKA Google drives Bitcoin Into Mainstream use by FatdogHaiku · · Score: 1

      Just have drones drop cash above drop locations... hee hee.

      Another Keynesian.

      Better that then another Kardashian!

      --
      You have the right to remain sentient. If you give up the right to remain sentient, you will be elected to public office
    64. Re:AKA Google drives Bitcoin Into Mainstream use by hedwards · · Score: 2

      And yet your post is completely wrong. The profits to the people in early come from later arrivals and at some point there won't be enough money to keep it going.

      And no, it hasn't been proven wrong so many times, it's still just as true now as it was early on. If you don't believe me, look at the production curve and ultimate total.

      As far as deflationary spiral, yes, they're divisible 99,999,999 times, but you're dealing with a fixed quantity of bitcoins that are possible. It doesn't matter whether you can divide them once or a hundred trillion times, you still eventually hit a point where there are no new BTC being created.

      Posts like this are precisely why BTC supports are not being taken seriously, you clearly have thought very little about the subject to even suggest that things can end well.

    65. Re:AKA Google drives Bitcoin Into Mainstream use by triclipse · · Score: 1

      Deflationary spiral? You mean the currency becomes stronger, rewarding savers rather than debtors? Explain how this is a bad thing, Mr. Krugman.

      --
      No Inflation Taxation without Representation
    66. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Bernanke, is that you??..

    67. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      Impressive display of wilful ignorance there.

    68. Re:AKA Google drives Bitcoin Into Mainstream use by Mark+Rawls · · Score: 1

      Why is this modded funny? It very clearly isn't a joke.

    69. Re:AKA Google drives Bitcoin Into Mainstream use by MadMaverick9 · · Score: 1

      A generation ago, dealing completely in cash was still realistic; at this point it's a little bit tough to imagine

      Why? In the country where I live, we buy houses, cars, etc. with ... yes ... believe it or not ... Cash. Wads of Cash. Works very well.

      No Cash, no deal. Very simple.

      You - and I mean people in the West - let it come this far. You didn't resist.

    70. Re:AKA Google drives Bitcoin Into Mainstream use by hedwards · · Score: 1

      A small amount of deflation is OK, but the problem is that in a deflationary spiral, it just keeps getting worse and worse. The currency keeps getting more and more valuable and as such nobody is willing to spend it because it's going to be more valuable in the future.

      An economy in a genuine deflationary spiral is ultimately doomed to grind to a halt leaving people with something that's nominally very valuable, but in practice isn't worth the paper it's printed on as nobody is willing to part with their money to buy something. Normally, you can solve the problem by printing more money, but with BTC, once they hit that maximum total BTC, that's it. They can't add more to the system without further delegitimizing the currency, and if people's money is getting nominally more valuable as time goes on, there's no incentive to spend any of it.

      And because nobody is mandated to take BTC, there's no reason for anybody to buy them after it hits a certain value.

    71. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      An economy in a genuine deflationary spiral is ultimately doomed to grind to a halt leaving people with something that's nominally very valuable, but in practice isn't worth the paper it's printed on as nobody is willing to part with their money to buy something.

      You really think it works like that? I understand it's a tenet of Keynesian economics, but Keynesianism is a load of bollocks that's been discredited for forty years, and is only kept around because it tells governments that the answer to all economic woes is to spend shitloads of money, doesn't matter on what.

        If people actually behaved the way this theorem claims, Dutch auctions would never work. In such an auction where the price of goods falls constantly, (correlating to deflation) the price eventually reaches a point where you'd rather have the good before someone else gets it, or before it hits the seller's minimum price and is withdrawn. (These are the equivalents of an item being sold out, and the manufacturer going out of business, respectively.) But that only ever happens with goods that people don't want.

    72. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      We still don't take BTC because it's a glorified Ponzi scheme. The founders make a crapload of money for very little effort and newbies get less and less as more and more people join.

      There's Bitcoin the investment opportunity, which as you say is practically a Ponzi scheme (even if it avoids some definitions of Ponzi scheme by technicalities). There's also Bitcoin the medium of exchange, which is not.

      What's more because of the fixed maximum number of BTC that can come into existence, you're going to have a deflationary spiral that you can't escape eventually.

      Which sucks to the extent people are using it for savings -- but because bitcoins are near-arbitrarily divisible, we have a very long time until this deflation affects its utility as a short-term (so that deflation is negligible) medium of exchange. Unless you seriously think at some (reasonably soon) time the deflationary hoarders will own all bitcoins, and that they won't regularly spend even a fraction of their holdings? There's two possibilities: Either the bitcoin-for-goods-and-services market is alive and well (so bitcoins are already in circulation) or they have to convert bitcoins to cash to spend them (putting bitcoins from their hoard back into circulation) -- either way, bitcoins are in circulation, so you can trade cash/goods/services for a few (fractions of) bitcoins, then trade them for other cash/goods/services.

      The only people using BTC are people who are too stupid to realize what they're dealing with.

      Or people who are smart enough to trade cash/goods/services for bitcoins, and then trade those bitcoins for other cash/goods/services... as long as you don't hold onto the bitcoins very long, it's a good way to sneak around govt./banking restrictions.

      (Yes, if you are not and do not expect to be partaking in any transactions restricted by governments or banks, it offers little conceivable merit over other media of exchange. But TFA, IIRC, is talking about sites selling access to copyrighted material, and Google's discussions with banks and pseudobanks regarding imposing restrictions on the payment streams of those sites...)

    73. Re:AKA Google drives Bitcoin Into Mainstream use by sjames · · Score: 1

      It occurs to me that in the modern world, online monetary transactions are no less vital than in-person transactions were when the country was founded. As such, in truth, there should be a government backed electronic currency available for use rather than leaving it to banks and credit cards (neither of which has done much to engender confidence in this decade).

      It really isn't reasonable that any entity can decree "no more transactions for you" and most certainly not without due process of law.

    74. Re:AKA Google drives Bitcoin Into Mainstream use by sjames · · Score: 1

      As long as they remain reasonably liquid, they are just as good a medium of monetary transfer as any other. HOLDING bitcoins may not be a great idea though.

    75. Re: AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      When you ask this question, you have to look past, present and future. One year ago maybe there was no place to buy beer with bitcoin. Today there are several places. Now you will have to use your brain to predict the future.

    76. Re:AKA Google drives Bitcoin Into Mainstream use by wvmarle · · Score: 1

      They are not legal tender (like US dollars are in the USA, and Euros in large parts of Europe), and they will never be. They are not illegal - and it's going to be hard to make it illegal without breaking many other closely related practices.

      I have been to many pop festivals and clubs, and many sell plastic coins at the door, and accept those coins as payment for drinks and/or food. That makes the coins a kind of currency - not legal tender. People can trade those coins between them, if they like. Just don't expect to be able to go to a regular bank and deposit them in a bank account.

      People can settle payment between them in any way they like. Bartering (you paint my house, I iron your clothes), pretty sea shells, whatever. Bitcoin is very much like that. A virtual currency, some "object" (for lack of a better word) that can be bought and sold between people, and that some may accept as payment for certain goods or services.

    77. Re:AKA Google drives Bitcoin Into Mainstream use by wvmarle · · Score: 1

      And even if it is made illegal in the US, there is a huge world out there where it is not illegal.

    78. Re:AKA Google drives Bitcoin Into Mainstream use by triclipse · · Score: 1

      Wow, this reasoning is so flawed that I can only imagine you are trolling.

      What you describe as "deflation" is actually "inflation." How can something be "not worth the paper it's printed on" (a consequence of inflating the currency) when it is at the same time the currency keeps getting more an more valuable"?

      You are describing opposite currency valuations.

      Which is it?

      --
      No Inflation Taxation without Representation
    79. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      If we broaden and loosen the concept 'Ponzi' to include what I believe you intend let's have a look at that aspect a minute? A network or pyramid means of distribution is problematic only if the 'bottom layer', the last to 'join', whether this be tomorrow or when 9x% of the world population have bought Bitcoin derive little or no value from their purchase. It depends entirely on the mindset of the buyer - on their reason for buying Bitcoin. If this hypothetical person, being the last one to pay fiat for Bitcoin, bought with the purpose, expectation and belief that the value of their Bitcoin would increase relative to fiat just to make them money then oops! They lost! And if someone had sold it them on the basis that it would make them money this way then that person is dishonest or naiive. However, all the Bitcoin holders that 'benefited' from the increase in demand in terms of fiat did not 'take their money', neither are the founder or early adopters selling a scam - just because they've done very well from it. The only reason at this hypothetical point they and everyone else involved earlier have done well (in fiat terms) is because they had a part in making this valuable concept/tool known and available to all those who value it.

      The more likely scenario for this hypothetical 'last Bitcoin purchaser' is that he/she bought for any of the following reasons: i) to hedge their risk in holding money that is in the control of untrustworthy governments/bankers; ii) as a store of value; iii) to send money anywhere in the world; iv) to purchase day-to-day things from the increasing numbers of traders accepting Bitcoin; v) to purchase things anonymously; vi) to purchase things some jurisdictions deem to be illegal. If despite being the 'last buyer' this person may still do these things then why would they begrudge others having made money from it prior to or because of their Bitcoin purchase? And if they don't have a problem with it why should you?

      I don't get why so many Bitcoin detractors seem bitter in their criticism! You don't like it? You believe you know better than to get involved? I'm not saying you're wrong. Just stay away from it. Nobody is forcing you, nor will they ever, to use Bitcoins. That's one of the beauties of it. What's your problem?

    80. Re:AKA Google drives Bitcoin Into Mainstream use by sFurbo · · Score: 1

      Google might not be the most trustworthy party, but VISA trusting them would be a step up from the governments they trust to make those decisions now. However, it will probably end up being the worst of both worlds, i.e., if any government OR Google says that X is a bad guy, VISA will cut X off.

    81. Re:AKA Google drives Bitcoin Into Mainstream use by sFurbo · · Score: 1

      The governments of the world have not had a very good track record in this regard either. We need some standards for how to deal with this, so we can have checks and balances, not the "some government official said so" scenario we seem to have today. Or we need to go to something like bitcoin.

    82. Re:AKA Google drives Bitcoin Into Mainstream use by fatphil · · Score: 1

      [crossing fingers behind his back] "Hey guys, I've put my entire life savings into bitcoin"
      someone posts "sell now!" on a forum
      original person buys bitcoins cheaply, and smirks

      --
      Also FatPhil on SoylentNews, id 863
    83. Re:AKA Google drives Bitcoin Into Mainstream use by gox · · Score: 1

      All it takes is the stroke of a pen.

      It might not be that easy. Bitcoin isn't a company, nor a brand, it's a word. Making "Bitcoin" illegal doesn't mean anything. Generalizing the specific technique and putting it in the form of a law however, would have unforeseen consequences and hazardous side-effects.

      Nothing about Bitcoin tells you that it's money. It's a distributed notary system that uses proof of work to determine the authenticity of the book and public key cryptograophy to determine the authenticity of entities. It might have existed in this form without being perceived as money. For instance, Namecoin is almost exactly Bitcoin, yet it's only a database and a token system to help exchange entries.

      Since outlawing the techniques themselves is almost comical, and would at most result in Bitcoin switching algorithms, they would most likely try to go after the exchange of digital tokens for trade. How would you put this into law? What is the difference between Amazon coins and Bitcoins in that specific aspect?

      As a result, the only thing they can do is switch to whitelisting. If you would like to publish a new token, or trade with it, you would have to go to the government and ask for a permission. I'm not saying this won't happen, but you would need to indoctrinate people a little more to guarantee their silence AND obedience about this. You see, if they really hate what you did, the law will have the opposite effect.

      One more thing that is noteworthy is that Bitcoin is international, with its true meaning. There are many people in many regions using it. Banning it in the U.S. would only result in moving the exchanges elsewhere. Exchanges already are distributed around the world. For the ban to work, you need a consensus action throughout the world. I'm not saying this won't happen, but what I said above, multiplied.

    84. Re:AKA Google drives Bitcoin Into Mainstream use by amiga3D · · Score: 1

      Sometimes things that are ironic can be both true and amusing.

    85. Re:AKA Google drives Bitcoin Into Mainstream use by DickBreath · · Score: 1

      > bitcoins are illegal and the possession, transfer or exchange of bitcoins will be made illegal within 5 years.

      So what will happen? Will the prosecutor throw the e-book at you?

      --

      I'll see your senator, and I'll raise you two judges.
    86. Re:AKA Google drives Bitcoin Into Mainstream use by bBarou · · Score: 1

      I live in France, such a socialist and nanny and whateve state, you Americans like to name call us , here there's a law where customer can sue a company for refusing to do business with him/her, that's called "refus de vente" (refusal of sale). Of course thre's some limit to this, I don't know the speficifcs you'd have to look for yourself if interested. My question is, what if I as "business" refuse to serve jews, or negroes or women of whatever? Is this my right? What are the limits to "They are free to chose who to do business with and who not to"? I have mod points, but your post bugs me, so I thought I'd reply.

    87. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      So how does this garbage move differentiate between the LEGAL downloads from these sites and the ILLEGAL downloads form these sites? Much like MegaUpload these sites are used for very legitimate purposes as well. Furthermore I can use GOOGLE as a medium to find pirated content quite easily. Does that mean Visa, Mastercard and all stock trading platforms should be BANNING all transactions to people trying to invest in a company which is linked to searching for pirated content....You cannot point the finger and scream WITCH when you yourself have a few potions being brewed in your own backyard.

    88. Re:AKA Google drives Bitcoin Into Mainstream use by BasilBrush · · Score: 0

      I'm not American. I'm British, and I lived in Paris for a couple of years. I like France, and the only name calling is the good natured Rosbif/Froggie banter with friends.

      In Britain there's no general law to force you do do business with anyone. So a business can refuse. For example when I was a teen I was refused service in a pub because I was wearing motorcycle gear. And of course nightclubs also widely refuse people if they don't like what they are wearing.

      However, discrimination laws do kick in if businesses do that based on race, gender or sexuality.

      I think America is similar, but I'm not completely sure.

      Not sure what the comment about mod points was about. But I hope you weren't implying that had you not replied you would have modded my post down. Mod points are not for downmodding posts you don't agree with.

    89. Re:AKA Google drives Bitcoin Into Mainstream use by Anonymous Coward · · Score: 0

      "innocent until proven guilty" only ever applied to criminal law.

      Actually, this can reasonably be asserted as a fundamental right arising under the 9th Amendment ("rights retained by the people").

      Legal professionals, as a class in society, are in a position of ethical conflict of interest with respect to recognizing the authority of the 9th Amendment (although it has happened in a few Supreme Court cases). Therefore, the traditional distinction between civil and criminal law with respect to innocent until proven guilty is probably best thought of as resulting from ethical conflict of interest.

    90. Re:AKA Google drives Bitcoin Into Mainstream use by themusicgod1 · · Score: 1

      newbies get less and less as more and more people join.

      As a mining system/wealth distribution system, sure. But mining on bitcoin is pretty much completely insignificant compared to the rest of its uses these days. It is the trade value, not the storage value, where the interestingness of bitcoin truly lies.

      --
      GENERATION 26: The first time you see this, copy it into your sig on any forum and add 1 to the generation.
    91. Re:AKA Google drives Bitcoin Into Mainstream use by bingoUV · · Score: 1

      While I don't completely agree with the general idea of GP, this particular point could be true.

      The currency keeps getting more and more valuable until an alternate currency (gold / barter / another country's currency etc.) is prevalent. Now the original currency is not worth the paper it's printed on. Kind of a bubble burst.

      --
      Bingo Dictionary - Pragmatist, n. A myopic idealist.
    92. Re:AKA Google drives Bitcoin Into Mainstream use by triclipse · · Score: 1

      If a currency gets "more and more valuable" then why would another currency become prevalent? Only a government can influence the market like that, which is kind of what happened with gold.

      When gold became too valuable to back the dollar due to the inflationist policies required to fund the warfare/welfare state, Nixon (and his masters) removed the international gold backing from the dollar (just the final step in a long series to remove gold backing).

      However, fiat currencies always fail because governments can never resist the temptation to inflate. If Bitcoin actually does come to a finite number of Bitcoins then it will be fundamentally different from such fiat currencies.

      --
      No Inflation Taxation without Representation
    93. Re:AKA Google drives Bitcoin Into Mainstream use by bingoUV · · Score: 1

      When rate of change of value of currency per unit time is very high, in either direction, it becomes inconvenient to trade in the currency. So another currency would become prevalent. Government would resist, if course.

      --
      Bingo Dictionary - Pragmatist, n. A myopic idealist.
    94. Re:AKA Google drives Bitcoin Into Mainstream use by triclipse · · Score: 1

      When rate of change of value of currency per unit time is very high, in either direction, it becomes inconvenient to trade in the currency.

      Well said.

      --
      No Inflation Taxation without Representation
    95. Re:AKA Google drives Bitcoin Into Mainstream use by Troed · · Score: 1

      http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv

      Even if you bought at the top of the previous peak, as long as you didn't sell you're back in black.

      At all other times, buying and holding will have netted you a nice profit (if you sell now).

  2. Not a Fan by jmrieger · · Score: 5, Insightful

    If it's left up to one Government to determine what is and is not an illegal site, this is ripe for abuse. Or, what if Google decides that a site (lets say, Mega) is illegal, when in fact it's not?

    1. Re:Not a Fan by Joce640k · · Score: 5, Insightful

      Or wikileaks...

      --
      No sig today...
    2. Re:Not a Fan by Jeng · · Score: 1

      From RTFA it does not look like it is going to be up to just one organization to determine if it is an illegal website.

      --
      Don't know something? Look it up. Still don't know? Then ask.
    3. Re:Not a Fan by bwcbwc · · Score: 1

      That's just the tip of the iceberg...Google has its own file sharing services (Google Docs, Google Code). Given the size of Google and the dependency that download sites have on CC payments, this sounds like it goes over the line for anti-trust and anti-competitive conspiracy counter-charges. If I were Visa and MC, I would be very careful about how I approached this, so as not to get roped into a lawsuit.

      If they just share information to turn over to the government, they can probably get away with that - after all, AT&T did when they allowed the feds to tap phone lines without a warrant. But if they try to stop payments without government approval, they are on shaky ground (IANAL).

      --
      We are the 198 proof..
    4. Re:Not a Fan by Rockoon · · Score: 1

      Yup, it will be a voting block of organizations destroying all the competing ones.

      --
      "His name was James Damore."
    5. Re:Not a Fan by Anonymous Coward · · Score: 0

      If it's left up to one Government to determine what is and is not an illegal site, this is ripe for abuse. Or, what if Google decides that a site (lets say, Mega) is illegal, when in fact it's not?

      Sorry, but pretty much everywhere, governments are meant to decide what is and is not legal. Sites or businesses, acts or even somewhere thoughts. It's a big chunk of what a government does. For good or bad.

      So it's not whether a government should have the power to decide or not. They should. It's whether that decision is in the interest of the people being governed what is at question, in particular in a place where said government is said to act for that people.

    6. Re:Not a Fan by Anonymous Coward · · Score: 0

      If it's left up to one Government to determine what is and is not an illegal site, this is ripe for abuse. Or, what if Google decides that a site (lets say, Mega) is illegal, when in fact it's not?

      Sorry, but pretty much everywhere, governments are meant to decide what is and is not legal. Sites or businesses, acts or even somewhere thoughts.

      Me again. Replying to myself: but google isn't a government. Yet. Hence the unsettling nature of that post.

    7. Re:Not a Fan by Joce640k · · Score: 1

      From RTFA it does not look like it is going to be up to just one organization to determine if it is an illegal website.

      Yet.

      The thing about slippery slopes is ... they're slippery.

      --
      No sig today...
    8. Re:Not a Fan by Jeng · · Score: 2

      If this works, how slippery will the slope have to be to make you care?

      Ie: if you never get another instance of spam again, if there is no longer R&D going into making better malware and virii are you going to campaign to stop the process?

      Not that I think it would work anywhere near that well, but what if?

      What slip in particular are you most worried about btw?

      --
      Don't know something? Look it up. Still don't know? Then ask.
    9. Re:Not a Fan by davester666 · · Score: 1

      But what's important is that it leaves the pesky courts out of the loop. Instead, it's big corporations deciding that "we don't like what you are doing, and we will punish you and everyone that interacts with you. And no, there is no-one you can appeal to."

      --
      Sleep your way to a whiter smile...date a dentist!
    10. Re:Not a Fan by Jeng · · Score: 1

      Yes, because the courts do such a good job of protecting the little guy.

      --
      Don't know something? Look it up. Still don't know? Then ask.
    11. Re:Not a Fan by Anonymous Coward · · Score: 0

      If it's left up to one Government to determine what is and is not an illegal site, this is ripe for abuse. Or, what if Google decides that a site (lets say, Mega) is illegal, when in fact it's not?

      Bing already blocks search results for MEGA.

  3. Who decides what's illegal? by Anonymous Coward · · Score: 5, Insightful

    Google? This is why Bitcoin is necessary. We can't continue having commercial entities controlling the money flow.

    1. Re:Who decides what's illegal? by amiga3D · · Score: 2

      Seriously why don't we just go back to carrying silver and gold?

    2. Re:Who decides what's illegal? by Anonymous Coward · · Score: 0

      This is about online payments. Bitcoin is a transfer protocol. As such it is more similar to credit cards and Paypal than it is to physical money. What good is gold when you can't pay with it?

    3. Re:Who decides what's illegal? by Jeng · · Score: 1

      Nothing is really stopping you from conducting your day to day business with precious metals, it will just be a pain in the ass getting most companies to accept them.

      --
      Don't know something? Look it up. Still don't know? Then ask.
    4. Re:Who decides what's illegal? by Anonymous Coward · · Score: 0

      Please post videos of yourself buying from Newegg/Amazon with silver or gold. Or food from a restaurant or grocery store.

      Should be good for a few laughs.

    5. Re:Who decides what's illegal? by JazzLad · · Score: 0

      Any restaurant or store will let you use gold as currency. You just may not like the exchange rate you are given.

      --
      "If you have nothing to hide, you have nothing to fear." - Every fascist, ever
    6. Re:Who decides what's illegal? by betterunixthanunix · · Score: 2

      We can't continue having commercial entities controlling the money flow.

      They never have. Long before some anarchist fringe elements in the crypto world dreamed of Bitcoin, people were using this technology:

      https://en.wikipedia.org/wiki/Paper_money

      --
      Palm trees and 8
    7. Re:Who decides what's illegal? by Jeng · · Score: 1

      There are companies that will sell you gold or silver, hold it for you, and allow you to spend it online.

      I haven't looked into them because well, it sounds like a stupid idea to me, but it does exist.

      --
      Don't know something? Look it up. Still don't know? Then ask.
    8. Re:Who decides what's illegal? by Anonymous Coward · · Score: 1

      You tell 'em, Burl Ives.

    9. Re:Who decides what's illegal? by Anonymous Coward · · Score: 0

      I really miss when google was just an empty box on a white page run by some nerds in the back of some classroom.

    10. Re:Who decides what's illegal? by Anonymous Coward · · Score: 0

      This will still involve some payment processor. They can't physically send gold across the internet to pay for something.

    11. Re:Who decides what's illegal? by Jeng · · Score: 1

      I was for the most part just pointing out there are services that do what was asked.

      What was asked was also show a video of using gold or silver at a restaurant or grocery store, just do a search and you will find just that.

      It's a pain in the ass to use precious metals to purchase goods or services, and it doesn't make sense to do so, but it can be done.

      --
      Don't know something? Look it up. Still don't know? Then ask.
    12. Re:Who decides what's illegal? by Anonymous Coward · · Score: 0

      It's a little hard to send gold over the Internet.

    13. Re:Who decides what's illegal? by amiga3D · · Score: 1

      I resemble that remark.

    14. Re:Who decides what's illegal? by Anonymous Coward · · Score: 0

      why is it a stupid idea? that's essentially what banks used to be.

  4. This is a really bad idea by Anonymous Coward · · Score: 5, Insightful

    Who decides what website is illegal? A website that may be deemed illegal in one country may not be in another.
    This was the case with WikiLeaks and how their funding was diminished. The same would be the case with phone unlocking sites fro example.

    1. Re:This is a really bad idea by lapm · · Score: 1

      Decision is made by who ever is in power at given moment.. In this case, Google is trying to be the one that decides it. Problem with this is, that it can be abused as any power. Those with power wish to silence those without power. Especially when there is inconvenient facts involved that people in power wish to hide.

    2. Re:This is a really bad idea by Anonymous Coward · · Score: 0

      Who decides what website is illegal? A website that may be deemed illegal in one country may not be in another.
      This was the case with WikiLeaks and how their funding was diminished. The same would be the case with phone unlocking sites fro example.

      It is illegal when the big compagnies are loosing money....

    3. Re:This is a really bad idea by fredprado · · Score: 4, Informative

      Wikileaks "attacked" many governments, still only US government in its drama Queen complex went postal about it, and not because the truth was revealed to "the enemy" but because it was revealed to its own population.

    4. Re:This is a really bad idea by AliasMarlowe · · Score: 1

      It is illegal when the big compagnies are loosing money....

      Companies in which countries?
      Consider the fate of AllOfMP3. The web site was operating in an ostensibly legal way according to Russian laws and paid royalties through ROMS, but were sued for trillions of dollars by the RIAA and IFPI (who had apparently refused royalties). Eventually, AllOfMP3 ceased operations, but its sister sites such as AllTunes are still going strong, and are apparently quite legal in Russia. The RIAA and others would claim that they are illegal in the US and in many other places.

      So, what would be the result of payment processing being halted on a site which is operating legally in a large country?

      --
      Those who can make you believe absurdities can make you commit atrocities. - Voltaire
    5. Re: This is a really bad idea by Anonymous Coward · · Score: 4, Informative

      A lot of people died because of that release of raw information

      [Citation needed]. The US Department of Defense and NATO have both stated that Wikileaks did not release any sensitive information and did not put any lives in danger. And personally I find them far more credible on this issue than some random guy on Slashdot.

      http://news.slashdot.org/story/10/10/17/170227/dod-study-contradicts-charges-against-wikileaks

    6. Re:This is a really bad idea by Anonymous Coward · · Score: 0

      No one died, that is pure bullshit. Wikileaks did not "attack" the us - they let us citizens know what lies and threats our government employees to enforce imperialism. For example, we know because of wikileaks how the obama administration, particularly clinton, conspired to support the right-wing coup in honduras.

    7. Re:This is a really bad idea by king+neckbeard · · Score: 1

      Wikileaks didn't break any laws as far as I'm aware, and tghere's no evidence of death from that release. Even if there were, the blame lies on the government in it's use of illegal and unneccsary actions. Also, your stance is horribly dangerous. If the actions taken were right, then the law is wrong.

      --
      This is my signature. There are many like it, but this one is mine.
    8. Re:This is a really bad idea by oneeyedman · · Score: 1

      Please substantiate your claim that "A lot of people died because of that release of raw information."

      And somebody with moderation please mod this troll down.

      --
      *** "Freiheit ist immer die Freiheit des Andersdenkenden". -- Rosa Luxemburg ***
    9. Re:This is a really bad idea by MrHanky · · Score: 1

      A lot of people died because of that release of raw information [...]

      AFAIK, that's untrue.

    10. Re:This is a really bad idea by Charliemopps · · Score: 3, Insightful

      Wikileaks didn't do anything that every major newpaper in the country has done at some point or another. Newspapers are dying and the Feds have everyone convinced that "The internet" is not legitimate media despite the fact it's replacing newsprint. Good luck hearing any bad news 20 years from now.

    11. Re:This is a really bad idea by VAElynx · · Score: 1

      More people died due to international meddling and behind-the-curtains deals the US government revels in, and that was the main sort of thing that got exposed, not sensitive information about troop placements etc. And if there were consequences for lawbreaking, Obama would be arrested already, never mind a lot of others.

    12. Re:This is a really bad idea by Anonymous Coward · · Score: 0

      This point exactly, it is ripe for abuse. Google is an American Corporation with corporate interests.
      They should have no rights or involvement in the policies of this matter, other than what they are required to do under the course of law.

      As another pointed out, they own YouTube, so it is in their monetary interests to remove all file sharing sites, and drive all content to YouTube for media consumption.

    13. Re:This is a really bad idea by gman003 · · Score: 1

      the enemy

      its own population

      You're acting like they don't think those are one and they same.

    14. Re:This is a really bad idea by davidwr · · Score: 1

      So, what would be the result of payment processing being halted on a site which is operating legally in a large country?

      I bet certain record-company executives wold love to find out, and in their minds there is probably no better way to find out than to actually try it.

      --
      Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    15. Re:This is a really bad idea by fredprado · · Score: 1

      There is a clear distinction. The threat level of a unexpected raise in the population awareness is considerably higher than the threat level of any external threat.

    16. Re:This is a really bad idea by Anonymous Coward · · Score: 0

      The US is upset because it set back "diplomacy" decades by proving we've been using "diplomacy" to corrupt and undermine people's rights around the globe. The cranks people dismissed as nutty despite being experts, academics, insiders were proven to be correct all a long (many of them, but not most conspiracy nuts... although many of the realistic conspiracies were proven.) The power of the USA to use "diplomacy" to push around the world was greatly undermined and some of their allied governments were overthrown by uprisings.

      Whenever somebody goes around heavily advertizing they are doing something or are a certain way, a thinking person wonders what they are covering up. They say they promote freedom, democracy, and human rights around the world so much you know there is some BS going on there. How can people be so easily suckered?

      Look at bush, he has zero compassion and they knew it was visible so what was a major campaign issue? how compassionate he and his conservatives are. This is basic stuff the public apparently needs education about: take your guy's weakness and make it a strength. In addition to that, you make all that kind of attention focused on the enemy, which only makes their indignant comebacks look weak (no matter how strong and valid they may be.) It is all a perception game; reality is not important to the game. Same tactics -- it is no surprise that the psy-op people retire and went to work for the "genius" Karl Rove; there is a mind war being waged at a level never seen in this nation before (in politics, it was heavily in industry post WW2 when all those war propagandists needed jobs and Hitler illustrated the immense power PR had -- turning ordinary democratic people into torturing sickos... ah, i'm still talking about nazis in that last line.) No this post hasn't degraded into that idiotic "Godwin's law".

    17. Re:This is a really bad idea by Anonymous Coward · · Score: 0

      I heard everyone died. Everyone. You're just words on a screen now.

      THEY:RE ALL DEEEEAAAAAD

    18. Re:This is a really bad idea by jrumney · · Score: 1

      A website that may be deemed illegal in one country may not be in another.
      This was the case with WikiLeaks...

      In which country was WikiLeaks illegal?

    19. Re:This is a really bad idea by Anonymous Coward · · Score: 0

      The US state department deemed WikiLeaks was illegal, and demanded payment processors to stop processing payments.

      State Department letter deemed Wikileaks as illegal

      Youtube - http://www.youtube.com/watch?v=GY2h1GMrEi8

  5. Or not... by Anonymous Coward · · Score: 0

    "the first time that illegal websites have been diminished or driven out of business by having a block put on their source of money."

    I guess the author is like me and has forgotten about paypal.

  6. Who is Google by Anonymous Coward · · Score: 0

    Who does Google think they are to become involved in who can do business online?
    They are a search and advertising company, a media company really, I don't want them involved in deciding who can do business.

  7. youtube by the_Bionic_lemming · · Score: 5, Insightful

    Isn't Google making money via advertising on youtube with all the posted videos that are infringing on copyrights?

    --
    _ _ _ Go for the eyes Boo! GO FOR THE EYES!
    1. Re:youtube by swilde23 · · Score: 1

      shhhhhhhhh don't upset the google.

      Also, nice sig!

      --
      There are 10 types of people in the world. Those that understand this sig, and those that beat up people who do.
    2. Re:youtube by DrJimbo · · Score: 1

      Isn't Google making money via advertising on youtube with all the posted videos that are infringing on copyrights?

      "Oh noes! Google is teh evil because they don't take down enough YouTube videos."

      Previously on Slashdot:

      "Oh noes! Google is teh evil because they take down too many YouTube videos".

      Give me a break.

      --
      We don't see the world as it is, we see it as we are.
      -- Anais Nin
    3. Re:youtube by Anonymous Coward · · Score: 0

      It's almost like different people post comments here and they have different opinions on things!

  8. One word: Bitcoin by carlhaagen · · Score: 1, Interesting

    This is a very dangerous road Google is heading down on. Let's just see what happens.

    1. Re:One word: Bitcoin by MetalliQaZ · · Score: 3, Interesting

      And the site you use to convert your dollars to bitcoin will be illegal. What then?

      --
      "Here Lies Philip J. Fry, named for his uncle, to carry on his spirit"
    2. Re:One word: Bitcoin by fredprado · · Score: 1

      The more they push for control the more things slip through their fingers. It is a fight they can't win. Yes, they can make bitcoin illegal, but sooner or later it will be replaced for something even harder to shut down.

    3. Re:One word: Bitcoin by Anonymous Coward · · Score: 0

      I have Bitcoins. I did not have to pay anyone to get them. Bitcoin is primarily a transfer system, but it isn't just a transfer system.

    4. Re:One word: Bitcoin by Empiric · · Score: 1

      Yes, but something has to be done. Next thing you know, these sites offering easy access to all this content they don't own, will be enhanced to become increasingly convenient--starting with putting in a search box and who knows, perhaps even further profiting from this illicit benefit from others' work by, say, something so egregious as putting their own advertisements on the pages. Probably they could even talk a large cross-section of business into using this "search engine to others' content" (to coin a phrase) as an advertising vehicle, and, soon these sites could become multi-billion dollar enterprises, and we'd probably have the owners buying personal jets solely from reaped profits from merely establishing de-facto association with, and redirection to, massive amounts of content they had no part in providing, or investment in creating.

      Google obviously could not allow something like that to occur.

      Oh wait.

      --
      ~ Whence do you come, slayer of men, or where are you going, conqueror of space?
    5. Re:One word: Bitcoin by davidwr · · Score: 1

      And the site you use to convert your dollars to bitcoin will be illegal. What then?

      Then I convert them to one of many other freely-convertible currencies then convert those to dollars. Or I just spend them, probably with a merchant who doesn't need US dollars.

      --
      Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    6. Re:One word: Bitcoin by Fred+Ferrigno · · Score: 1

      Whatever currency your money is denominated in, at some point you have to transfer it out of a bank account regulated by the government to an entity that is not regulated by the government.

    7. Re:One word: Bitcoin by Anonymous Coward · · Score: 0

      Then I'll start exchanging in person, or with Ripple.

    8. Re:One word: Bitcoin by JesseMcDonald · · Score: 1

      And the site you use to convert your dollars to bitcoin will be illegal. What then?

      Then you buy trade goods with USD, and sell them for BTC. You could also exchange BTC in person (http://www.localbitcoins.com/, http://www.bitcoin-otc.com/), or even arrange to get paid directly in BTC. The exchanges are merely a convenience; they're not essential for Bitcoin to function.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    9. Re:One word: Bitcoin by steelfood · · Score: 1

      Stop using plastic. There are alternatives, like say, cash.

      --
      "If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be."
  9. How about not presenting them in search results? by Anonymous Coward · · Score: 1

    I'm amazed at how easy it is to find complete PDFs of popular, current textbooks on line by googling. For example, the following search:

    Introduction to algorithms Cormen Rivest PDF

    gave me two PDFs in the top results on the first page that appear to be illegal, from sites from Czechoslavakia and the Netherlands respectively. Now, it could be that the publisher of that textbook authorized that use, I don't know. But this happens so often that I think Google just takes a blind eye to this kind of thing, even though they have people who should know better.

  10. So Google et al haven't heard of laundering? by eksith · · Score: 1

    I can think of at least three ways to get around this. And if I can, then you can bet people who've dedicated themselves to doing this have found at least fifty.

    1. Useless purchases: You get a download link in the "Thank you" email for purchasing a useless app in the Android store or some other commonly used HTML/JS/Flash widget. If the company owns the product, it will seem like a genuine purchase for something else.
    2. Donations to charity: Some out-of-the-way place has hapless children that need medical care and other services. You can be a generous donation to the cause and BTW, here's your complementary illegal download link to your email.
    3. Hosting that doesn't: "We host web sites for businesses that don't need management, are purely HTML, completely secure and for a limited time. Think of a hosting carousel" and of course the hosting fee matches exactly the price of the download + operating costs
    --
    If computers were people, I'd be a misanthrope.
    1. Re:So Google et al haven't heard of laundering? by Anonymous Coward · · Score: 0

      You could have saved yourself a lot of words and said 'I can think of one way around this: fraud'.

    2. Re:So Google et al haven't heard of laundering? by 0111+1110 · · Score: 1

      If both parties are aware of what is going on it is not fraud.

      --
      Quite an experience to live in fear, isn't it? That's what it is to be a slave.
    3. Re:So Google et al haven't heard of laundering? by Anonymous Coward · · Score: 0

      If there are only two parties involved, then why is there a need to 'get around' anything? Oh yeah, because there are more than two parties involved. So it certainly IS fraud if one or more of the parties is lying to a third party.

    4. Re:So Google et al haven't heard of laundering? by Anonymous Coward · · Score: 0

      This is exactly how Germans evaded price controls in Nazi Germany.

  11. This is a job for courts! by wfstanle · · Score: 4, Insightful

    Cutting off funding should not be decided by business, the courts should make that decision. Garnted, the operators of such a website may be scumbags but they still deserve their day in court.

    1. Re:This is a job for courts! by Anonymous Coward · · Score: 3, Interesting

      Tell that to Wikileaks and its Visa/Mastercard friends... Google may have the best of the intentions but this opens the road for extra-judicial rulings.

      I hope judges strike Google & friends very hard if one of these "illegal" websites sue them.

    2. Re:This is a job for courts! by Anonymous Coward · · Score: 1

      Cutting off funding should not be decided by business, the courts should make that decision. Garnted, the operators of such a website may be scumbags but they still deserve their day in court.

      So Google should be required to do business with people it believes to be criminals until such time as the courts finally convict them? That's a pretty strange idea. I wasn't aware scumbags were a protected class. Google can choice who it does business with and who it doesn't. You have no right to demand they do business with scumbags.

    3. Re:This is a job for courts! by PRMan · · Score: 2

      So Google should be required to do business with people it believes to be criminals until such time as the courts finally convict them? That's a pretty strange idea. I wasn't aware scumbags were a protected class. Google can choice who it does business with and who it doesn't. You have no right to demand they do business with scumbags.

      If the phone company has to, why not Google?

      --
      Peter predicted that you would "deliberately forget" creation 2000 years ago...
    4. Re:This is a job for courts! by bws111 · · Score: 0

      Simple - telecommunications is a regulated industry, web sites are not.

    5. Re:This is a job for courts! by drinkypoo · · Score: 1

      If the phone company has to, why not Google?

      Phone companies have anticompetitive protection, and monopoly status. Telephone is considered an essential service; google has competitors.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    6. Re:This is a job for courts! by bws111 · · Score: 1

      Why is this modded down? It is entirely correct. There are various 'Telecommunications Acts' that have been passed over the years to regulate the telecomm industry. If you are in that industry you are subject to those regulations. Some of those regulations determine when a provided gets 'common carrier' status. It is only when they have that status that they are required to accept all customers.

      There are no such regulations for web site operators.

  12. Don't be evil, ... by Anonymous Coward · · Score: 1

    Be judge jury and executionner and then call yourself good afterwards

  13. Sounds Dredd-ful by Anonymous Coward · · Score: 0

    So Google will appoint themselves judge, jury, and executioner, I suppose? Maybe if everybody just put up a Tor relay.....

    1. Re:Sounds Dredd-ful by GameboyRMH · · Score: 1

      ...Then we'd all be blocked from half of the Internet. I already had to change the exit node on my home connection to a bridge node because I couldn't get shit done anymore.

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
  14. Why not stop accepting Ad revenue? by fermion · · Score: 3, Interesting
    I really wonder how much Google makes from these sites. It seems to me as powerful as google is, they could significantly disable these sites simply by not accepted revenue, modifying the search results to demote them, and punish sites who link to these sites.

    For many searches, I still get results that put link and ad farms at the top, while those that are more likely to give original information are demoted.

    To me this looks like Google is trying to make sure that if it can't make money on something, no one can. I don't see why it has the right to go out and strong arm other private companies. if something is illegal, let the law take care of it. If Google wants to make the world a better place, start by trying to do so good, instead of just avoiding evil.

    --
    "She's a scientist and a lesbian. She's not going to let it slide." Orphan Black
    1. Re:Why not stop accepting Ad revenue? by GameboyRMH · · Score: 4, Insightful

      To me this looks like Google is trying to make sure that if it can't make money on something, no one can. I don't see why it has the right to go out and strong arm other private companies.

      Because they can.

      This is economic power, libertarians. It's a real thing. If you were running a search-dependent company Google was targeting, would you survive until a popular Google competitor arises? And they're not doing this under direct legal threat, they could just as easily cut companies off for business or even personal reasons.

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    2. Re:Why not stop accepting Ad revenue? by Anonymous Coward · · Score: 0

      This is economic power, libertarians. It's a real thing. If you were running a search-dependent company Google was targeting, would you survive until a popular Google competitor arises? And they're not doing this under direct legal threat, they could just as easily cut companies off for business or even personal reasons.

      Given freedom, so-called economic "power" (a misnomer - influence is better) can be worked around.

      But here some business tips

      a) don't become dependent on a single vendor (if you are, don't assume a long horizon for capital investments)

      b) nurture repeat business and/or word-of-mouth

      c) if you are as big as GOOGLE, don't piss away your reputation and trust (the biggest asset they have just like the "Coke/Coca Cola" trademark) especially to stomp on small fry

      And, no, I don't think government should exist to protect businesses from competition, large or small. You, it would seem, do.

    3. Re:Why not stop accepting Ad revenue? by GameboyRMH · · Score: 1

      I was thinking monopoly abuse or perhaps collusion but I guess that's a form of competition, right?

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    4. Re:Why not stop accepting Ad revenue? by Anonymous Coward · · Score: 0

      Given the context YOU established ("libertarian"), government created patents/copyrights cease to exist as do most of their franchises. Also, were I to accept the widespread existence of 'natural monopolies' (a set that pales in comparison to the unnatural variety), your posts continue to assume that the libertarian mindset has some hard on for competition. It doesn't.

      Libertarianism is about freedom not you successfully competing with Google or some canal owner or some prime-mover-advantaged business. I'm not here to guarantee you succeed or to guarantee that you even have 1% odds of success. Freedom is what matters.

      You should be free to tilt at windmills but not to expect government to help your endeavors.

    5. Re:Why not stop accepting Ad revenue? by Uberbah · · Score: 1

      Given the context YOU established ("libertarian"), government created patents/copyrights cease to exist as do most of their franchises. Also, were I to accept the widespread existence of 'natural monopolies' (a set that pales in comparison to the unnatural variety), your posts continue to assume that the libertarian mindset has some hard on for competition. It doesn't.

      IOW: the old "Libertarianism cannot fail, it can only be failed". I guess sticking by a mantra is easier than dealing with the fact that your ideology has no answers for monopoly power, or stopping the process of consolidation that leads to it.

    6. Re:Why not stop accepting Ad revenue? by Anonymous Coward · · Score: 0

      I guess sticking by a mantra is easier than dealing with the fact that your ideology has no answers for monopoly power, or stopping the process of consolidation that leads to it.

      Why do you need to stop it? A monopoly on the market is not a natural thing. Customers become harder to acquire, not easier. Three companies splitting a market will have more profit individually than one lowering their prices to a level to get all business (and they have to keep it there perpetually as *I* have eliminated barriers to entry). Nevermind that purchase agreements, loyalties, multi-year contracts, and, generally, logistics, make such monopolization impossible. Standard Oil became a dominant player not the only player and they were on the wane naturally prior to intervention. But if they didn't... what is the harm?

      You call it "monopoly power", but you have no evidence of such (beyond what government grants). If they kill somebody, the board, VPs, and CXOs have far more to fear than the average person. You're afraid of freedom, pussy.

  15. Is it illegal to download a movie? by Anonymous Coward · · Score: 0

    Serious question actually, bit of google fu requires some more google fu. That being said, that the irony of searching for said answer brings up a bunch of sites where you can download movies does not escape me.

    N.

    1. Re:Is it illegal to download a movie? by mark-t · · Score: 1

      Depending on your jurisdiction, merely knowingly possessing infringing copies of copyrighted works can be against the law too... much like knowingly possessing stolen merchandise, or counterfeit currency. Of course, the out on the matter of either of the latter is that, depending where you got it from, you may be able to plausibly present a case that you never knew its status... It's a bit trickier arguing that you don't know the status of works which you find on a site called "pirate bay", or any of a number of other sites that make no particular attempt to portray themselves as authorized sources for the content. Probably not impossible mind you, but almost certainly quite a bit trickier. In either case, the very least that would happen in such jurisdictions is that infringing copies would be destroyed, at the possessor's expense. How plausible any argument you might present that you didn't know its actual status would probably specify whether or not there would be criminal penalties applicable. At any rate, I'd imagine there's be a pretty good chance you wouldn't be able to use the same excuse again.

  16. Bad Idea by Anonymous Coward · · Score: 0

    Usually I hate anything that has to do with crime. But I do not want private companies being allowed to pass this kind of judgement. An example are the various credit bureaus. They are private businesses and their credit reports are often seriously defective. They have gained influence and are bullet proof as far as being sued for falsely reporting incorrectly. This is made worse as they have no incentive to ever correct a bad report.
                            So what hell will people have to go through if Google gets it wrong and gets payment shut down to an innocent party. Did a company do wrong or did an employee within a company covertly do the wrong? The point being that it is important that an official, legal, system, be the ones who take these sorts of actions and authorities. How serious can it get? Some people have been evicted from their own homes for not paying their mortgages when they never, ever, had a mortgage in the first place. those who accuse and judge must have some burden to be very accurate in their judgements.

  17. Sounds like the Judge Dredd method by 1u3hr · · Score: 5, Insightful
    From TFA:

    the plans, still in discussion, would also block funding to websites that do not respond to legal challenges, for example because they are offshore.

    So, if the "legal challenges" have a basis in fact, why not use existing laws? Sounds like a mechanism to make American laws apply to everyone in the world. And they don't even have to prove guilt, just send a threat from a lawyer, which is rightfully ignored, then Google pulls the plug on the site's income, site erased.

  18. Make piracy non-profit again by concealment · · Score: 5, Interesting

    I think this could be great, and have unintended consequences that end up strengthening piracy.

    By driving out the for-profit pirates, you restore it to the hobbyists, who tend to have high standards and be somewhat fanatical.

    This will probably damage piracy of the vapid "big media" movies, music, etc. but will enhance piracy of niche markets and specialty genres, which will strengthen those through the "try before buy" principle among those who are likely to buy them anyway, if they like them.

    Google's policies have already somewhat achieved this model. Some of the best piracy for music at least is through Youtube these days. They take down the big acts, but you can find lots of obscure and older material (full albums) with a simple search.

    In many ways, this is the resolution between pirates and industry. Industry gets to protect its big money makers, which if pirated result in a loss of profits because they are only purchased for a short term (novelty value). Pirates get access to the vast breadth of information available that isn't in that single protected category.

    1. Re:Make piracy non-profit again by GameboyRMH · · Score: 1

      Some of the best piracy for music at least is through Youtube these days.

      Ssssshhhh!!! O_O

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    2. Re:Make piracy non-profit again by Anonymous Coward · · Score: 0

      Except that music through YouTube is low-fi crap. It might sound fine and good on some shitty laptop speakers, but what about the people who need their FLAC? A dollar spent on a CD is still a dollar given toward the dismantling of information freedom, so what are the options?

    3. Re:Make piracy non-profit again by Anonymous Coward · · Score: 0

      I think this could be great, and have unintended consequences that end up strengthening piracy.

      By driving out the for-profit pirates, you restore it to the hobbyists, who tend to have high standards and be somewhat fanatical.

      This will probably damage piracy of the vapid "big media" movies, music, etc.

      Not necessarily -- big media productions already get plenty of coverage on the torrent scene, and there'll only be more users keeping torrents alive/healthy longer when people lose today's popular RS/MU/etc.-type sites and get driven back to bittorrent. (I presume the same applies to other peer-to-peer protocols/networks, though bittorrent is all I use.)

  19. Stupid move by king+neckbeard · · Score: 4, Insightful

    Giving in to RIAA thugs won't make them demand any less, but will instead make them see themselves entitled to that and more. Google shouldn't be rubbing their back, they should be bloodying their noses.

    --
    This is my signature. There are many like it, but this one is mine.
    1. Re:Stupid move by davidwr · · Score: 1

      I see you paid attention to the "we need improvements to the prisoner library" scenes in The Shawshank Redemption.

      --
      Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  20. A does not follow B by sirwired · · Score: 4, Insightful

    If BitCoin becomes the "currency" of choice for the "underground economy" (a position for which it is well suited... about the only thing it's well-suited for), I don't think it's going to terrify Google or Visa/MC all that much. They don't WANT that business; it causes too many legal/regulatory hassles.

    1. Re:A does not follow B by Anonymous Coward · · Score: 2, Interesting

      It is true that they probably do not like business that comes with to much hassle and trouble. But on the other end, I'm thinking of the banks that do business with criminal organisations likes drug cartels. They are *big* trouble, but also *big* money. As long as the profit is worth the trouble, they will do business with any (-one) criminal. Keep that in mind !

    2. Re:A does not follow B by Anonymous Coward · · Score: 0

      You're an idiot. Just like MBA grads running the country. They have no long term foresight.

      So you think the power that be should sit back and let an uncontrolled currency get acceptance? People will carry around their visa when their bit coin card can buy everything while visa only some stuff?

      Yeah visa is going to let that go on. Look up who owns visa.

    3. Re:A does not follow B by fafalone · · Score: 1

      Just like all the major banks say they don't want the business of the drug cartels. But they all knowingly participate in it, and indeed even depend on the billions of dollars of cash. They get caught once in a while, but all that happens is a relatively small fine and a promise to not do it again.

    4. Re:A does not follow B by Anonymous Coward · · Score: 0

      They don't WANT that business; it causes too many legal/regulatory hassles.

      Do us a favour, and check how large the "black" money-circuit is compared against the "white" one.

      I think that you will see that banks which only want the "white" money will stand to loose a great deal.

      No, it all boils down to "plausabe deniability" for banks and the like, and at the same time earning some "honest income" for the handling of that tainted cash. ... for as long as nobody complains ofcourse. Only than the negative publicity could outweight the income from the customer and he is ejected.

      In the above I'm ofcourse ignoring any strong-arm tactics that can be played by big customers like Google. Just imagine how much those banks stand to loose if Google refuses payments thru their banks ...

      As for the "its all private and they can reject whomever they want" sayers ? Just imagine what would happen to yourself if no bank would accept you as a customer. It would be quite hard to go about everyday life, and quite impossible to do/have any kind of busines.

      Its, for the modern-day person, as neccessary as water and electricity. Rejecting a customer should therefore not be allowed to be done on some "because I say so" arbitrary decision.

    5. Re:A does not follow B by Anonymous Coward · · Score: 0

      A tip for you: Short Western Union next year.

    6. Re:A does not follow B by Anonymous Coward · · Score: 0

      Oh no, banks want illegal money laundering business. Look at recent news about BofA and Wells Fargo. They made hundreds of billions from laundering money for drug cartels, and moving money for Iran and North Korea. Then they get a two billion dollar fine from the feds, a small slap on the wrist, and that's it. No, financial institutions don't give one single fuck about ethics.

  21. Do you REALLY want idiots telling you how to spend by Anonymous Coward · · Score: 0

    YOUR money ?

    If yes, continue to do business with the companies which have
    ambitions which involve prohibiting you from spending money
    in ways they don't approve.

    If no, do business elsewhere.

  22. It's their search engine/payment mech., etc. by sirwired · · Score: 2

    It's their search engine/payment mechanism/bank/whatever. They can decide what it is used for. They ARE the law, when it comes to the services that they themselves run. They don't need to ask a court's permission to verify if something is or isn't illegal.

    1. Re:It's their search engine/payment mech., etc. by Cali+Thalen · · Score: 2

      To clarify a little for you...

      Google doesn't need a court, government, or anyone else to determine who it can do business with. If it wants to refuse to do (ad) business with download sites, legal or otherwise (or any other kind of site for that matter), it can and should be able to make that call for itself.

      While I detest the idea that 'big brother' can tell me what kinds of sites I can run or view, I just as much detest the idea that 'big brother' can come into my business and tell me I don't have any choice on how I run it.

      I'm not saying there wouldn't be consequences for those decisions. Let Google do business with or without whoever they feel like...and if they make stupid choices and piss too many people off, the 'next Google' will learn from that and maybe do things differently.

      --
      Chaos, panic, disorder...my work here is done.
    2. Re:It's their search engine/payment mech., etc. by Anonymous Coward · · Score: 0

      Google just has to spell out exactly what it's a "illegal website" in its Terms of Use. I can see a legal loophole there, can you?

    3. Re:It's their search engine/payment mech., etc. by Anonymous Coward · · Score: 1

      And just to add to the clarification - getting all companies from one business to one table and forming an alliance with whatever common target is being called a cartel; an illegal monopoly.

  23. actually even before that by poetmatt · · Score: 3, Insightful

    who/how do you define an "illegal download site"?

    Is this "they host the files", or is this torrent sites that host no files? This matters, as one of those is not even illegal.

    1. Re:actually even before that by h4rr4r · · Score: 1

      At that point VISA would have to stop dealing with google. You can easily use it to find torrents.

    2. Re:actually even before that by 0111+1110 · · Score: 2

      I guess it's a case of do as I say not as I do, but it would be great if Visa and Mastercard refused to do business with google due to their illegal activities (torrent searches etc).

      --
      Quite an experience to live in fear, isn't it? That's what it is to be a slave.
    3. Re:actually even before that by Anonymous Coward · · Score: 1

      From TFA:

      Executives want to stop websites more or less dedicated to offering links to pirated films, music and books...

      To answer your question, then, it appears that the plan is to target the sites that are not illegal.

    4. Re:actually even before that by poetmatt · · Score: 1

      well then, that brings a new question to the table:

      how is this Google being involved? This is Visa, Mastercard being involved. I don't see any hard evidence of "google" anything.

    5. Re:actually even before that by Shagg · · Score: 1

      From the article, it sounds like what they really meant was "sites that link to unauthorized distributed content". Downloading, as usual, has nothing to do with it. Then again, considering the article screwed up the whole "downloading vs uploading" thing in the first place, I question whether they accurately described any of it.

      --
      Unix is user friendly, it's just selective about who its friends are.
    6. Re:actually even before that by dcollins117 · · Score: 1

      I wish we could kill off this whole "illegal download" meme, especially on Slashdot where people should know better. Downloading isn't illegal.

      If you are talking about copyright infringement, then go ahead and use the term "copyright infringement". It is more precise, more accurate, and less ignorant.

  24. Bitcoins are illegal ??? citation needed by davidwr · · Score: 1

    Your first 3 words are in the present tense. As far as I know, BitCoins are legal as of the time of your post, at least in the United States, where Google is headquartered. I can't speak for the United Kingdom, where TFA is presumably published (it's a ".uk" domain).

    As for the rest, bureaucracy and courts tend to move slowly, and I very much doubt BitCoins will become illegal in the United States in such a short time-frame.

    What COULD happen quickly is that the IRS would re-interpret the "1099" requirement that requires individuals to report if they pay more than a few thousand (or hundred?) dollars to an independent contractor in a given year to specifically include Bitcoins (arguably, it already does, under taxable barter rules)

    States, perhaps under federal pressure, could also use existing sales tax laws and rarely-enforced "use tax" laws to crack down on the use of Bitcoins for taxable transactions where taxes were not paid, forcing the owner to testify through subpoena where the money came from "as part of a tax investigation." If just one state government does this successfully, there will be a chilling effect on the use of anonymous currency for transactions where media exposure could be embarrassing or worse.

    --

    For those outside the United States:

    Most states in the USA have a sales tax paid by the consumer on the in-store price paid for non-essential goods and, in some states, services. Goods bought by mail-order from an out of state company that doesn't have a "presence" in your state are exempt from sales taxes, on the grounds that my state has no authority to compel an out-of-state business to collect them. However, most states require buyers to send the state a check at the end of the year for a "use tax" for all goods bought out of state and shipped home. This "use tax" is typically the same as the sales tax, minus the amount of sales tax that was paid to another state. So if I live in a state with 8% tax and go on vacation to a state with 5% tax and buy a $500 computer and bring it home, I owe my home state $15. $15 = 8% of $500 for "use tax" minus 5% of $500 that I already paid in sales taxes to another state. If the state I bought is from is one that will give sales tax refunds to vacationers, I can the $25 sales tax back, but if I do, my "use tax" bill goes up from $15 to $40, so I gain nothing except the satisfaction that the $25 is being used by my government, not some out-of-state government.

    Use taxes are on the honor system and are almost never enforced because it's literally not cost-effective unless the amount owed is very high and the evidence of tax evasion is solid.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    1. Re:Bitcoins are illegal ??? citation needed by hedwards · · Score: 1

      Whether or not it's included is a moot point. If you're using BTC to avoid paying taxes you'd likely be audited and sent to prison for tax evasion. As asinine as it can be, if somebody is receiving free work they're supposed to report that as income on their tax forms, so ultimately, the IRS would have at least one party to prosecute in this case.

  25. Bye, bye Youtube... by flyingfsck · · Score: 3, Funny

    So I take it that Youtube will be cut off then?

    --
    Excuse me, but please get off my Pennisetum Clandestinum, eh!
    1. Re:Bye, bye Youtube... by Anonymous Coward · · Score: 0

      I think Youtube has been cleaning up its act over the past few years or so, as far as copyright infringement is concerned. Usually, when I google for a hit recording there it's got an ad in front that probably indicates that a deal was cut with the publisher.

    2. Re:Bye, bye Youtube... by GameboyRMH · · Score: 1

      And also the greatest surviving torrent directory.

      Google Search.

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
  26. Good idea, wrong target by Anonymous Coward · · Score: 2, Interesting

    Gotta admit, I liked this when I read the headline, but was disappointed when I saw that this is targeted at media sharing and cites Wikileaks. Was really hoping Google was finally following the money in the anti-spam/malware fight. Oh well.

    1. Re:Good idea, wrong target by Anonymous Coward · · Score: 0

      uhh. not 'wrong target'.... wrong prosecutor, judge and jury.

    2. Re:Good idea, wrong target by Kaenneth · · Score: 1

      Nope, just killing the competition to YouTube.

    3. Re:Good idea, wrong target by Anonymous Coward · · Score: 0

      Yeah, when it comes to spam and malware, all the "+5 Insightful" posters on this board are suddenly in favor of government enforcement of laws banning certain classes of online activity. Yet nobody seems to notice a contradiction.

      -5, Lame Moderation.

  27. Simply Outrageous by Anonymous Coward · · Score: 1

    Only judges should have this power. They did it with Wikileaks, found out it worked pretty well, and that the general population didn't care much. So why not doing it again? "Let's do evil" ...

  28. Business choice by Blaisun · · Score: 1

    I believe that Google should be able to do business with whomever they choose, if the feel that a websites activities are not up to the standards the Google wants to associate with, they have the ability to not do business with them. Its as simple as not allowing them to use the Google advertising to earn revenue on their site. desisting them from the Google search, or demoting them could be seen as anti-competitive though.

  29. FUD Campaign continuing by openfrog · · Score: 5, Informative

    I have mod points, but not finding anyone questioning this source... Have you RTFA? This is The Telegraph! There is no source cited AT ALL. You don't know who said what in which context. Nothing.

    Microsoft has hired the CEO of Burton-Marsteller with the official function of spreading FUD on Google.

    But frankly, this sounds more like this comes from The Onion... Nobody here questions sources anymore?

    1. Re:FUD Campaign continuing by Anonymous Coward · · Score: 0

      Yeah, excellent points. Also more obviously - Google is not a particularly large or important payment processor. How exactly would they block payments?

    2. Re:FUD Campaign continuing by Anonymous Coward · · Score: 0

      Microsoft has hired the CEO of Burton-Marsteller with the official function of spreading FUD on Google

      citation please. Since you are doing *exactly* what you accuse others of doing...

    3. Re:FUD Campaign continuing by drinkypoo · · Score: 2

      citation please. Since you are doing *exactly* what you accuse others of doing...

      I did a google search for Microsoft has hired the CEO of Burton-Marsteller and the fourth link was a wikipedia page about him, with citations such as http://www.holmesreport.com/news-info/12157/Mark-Penn-Exits-BursonMarsteller-For-Strategy-Role-At-Microsoft.aspx and http://www.smh.com.au/technology/technology-news/facebook-admits-to-antigoogle-smear-campaign-20110513-1el5t.html#content

      Perhaps you did not log in because you didn't want us all to know who you are only because you are a big idiot who can't use google. You're also lazy and stupid. Go away.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    4. Re:FUD Campaign continuing by Anonymous Coward · · Score: 0

      You're right, no one else is posting this except for "MusicWeek", who obviously ripped it off The Telegraph.

  30. Difference between "currency" and "legal tender" by davidwr · · Score: 5, Insightful

    "Legal tender" is anything the government says it is.

    "Currency" is anything two or more transacting parties say it is. "Goodwill," "reputation," "an understanding that if I do this for you, you'll do something for me later," and the like are all "currencies" in this sense.

    In a more tangible sense, soldiers in WWII used unopened packs of cigarettes as currency, even though it had no legal backing whatsoever. In some American cities, street people have used bus tokens and other useful items that could later be exchanged for a needed good or service as currency, again, without legal backing.

    I'm not ignoring your last sentence, but until or unless Bitcoin-holders attempt to seek the same status for Bitcoins that non-domestic sovereign-backed currencies have, I don't think there will be a problem. From a legal standpoint, bitcoins are more analogous to limited-edition art prints, where "limited" is a very high finite number and where everyone has the ability to, with some expense on their part, create new prints until the limit is reached. This is only a legal analogy, in practical terms Bitcoins are a lot easier to transfer than a paper art print.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  31. Bitcoin will never see mainstream use by betterunixthanunix · · Score: 3, Interesting

    Bitcoin will always be a fringe currency. What Google is doing is encouraging a return to peer-to-peer filesharing, which I have no problem with.

    --
    Palm trees and 8
  32. Re:How about not presenting them in search results by retchdog · · Score: 1

    Then Google would get into a tiff about manipulating search results, which they don't want.

    In that context, this move makes a convoluted and Machiavellian kind of sense. If the sites are gone, there's nothing to index, and Google can claim their search is fair.

    --
    "They were pure niggers." – Noam Chomsky
  33. Ah, I see by davidwr · · Score: 4, Interesting

    The article refers to someone whose virtual currency "borrowed" significant elements from US currency. While his "medallions" weren't anywhere close to being replicas with US-mint-issued currency, there were enough elements to cause confusion about just who or what was backing the coins' value. Calling them "Liberty dollars" when that is the common name for a historical US coin probably didn't help.

    If he'd minted them as "Liberty Money," used units other than "dollars," "cents," or any other past or present unit used by the US government, and avoided words, coin-sizes, and other attributes that might cause confusion he would likely have been free and clear legally. If he went further and put "not backed by any government" or similar words on all coins and paper-money products, that would've been even better.

    His mistake wasn't making a second currency. His mistake was either not knowing the law and going out of his way to avoid even the appearance of violating it or knowing the law and being arrogant enough to dare the government to step in. If his goal was anything other than to go to jail, he failed. On the other hand, if his goal was to become a legal martyr and the money thing was just a means to an end, he succeeded.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    1. Re:Ah, I see by makomk · · Score: 1

      It didn't just borrow significant elements from US currency, his entire business model was based on selling the coins to merchants at a discount to their face value and encouraging the merchants to pass them off as US dollars in their change to customers. Hell, the creator of Liberty Dollars even took part in a video segment on the Learning Channel to promote them, and actually demonstrated how easy it is to convince people to take them by passing them off to an unsuspecting store owner as, I quote, "the new dollar". Given he did this with the cameras rolling on a nationally-broadcast puff piece it was rather hard for him to deny that they were intended to be passed off as US dollars.

  34. Is Google's plan legal? by Anonymous Coward · · Score: 0

    It sounds like vigilantism, which I guess I've always assumed was illegal. Google, and whoever they partner with would be making decisions on guilt or innocence and imposing sentencing. I can't believe that the government would allow that. There has to be some violations of law in a plan like that! No?

    RN

  35. Who are you to say who they must do business with by Overzeetop · · Score: 2

    Business is a voluntary act. Google is not a governmental agency which is required to deal with everyone, or even to deal with everyone with an even hand. They don't decide who can be online and do business, and who cannot. Those other sites will still exist and may conduct business as usual, just without a particular business partner.

    If you don't like it, don't use them. It will reduce their income. Of course, I presume you're using Google right now, or you wouldn't give a fuck what they do (since, hey, you don't use them anyway).

    --
    Is it just my observation, or are there way too many stupid people in the world?
  36. States rights by davidwr · · Score: 3, Interesting

    Interestingly, States have the right to make gold and silver legal tender but they do not have the right to coin money.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  37. Most of us still do not take it seriously by betterunixthanunix · · Score: 1
    1. We already have anonymous, hard-to-control ways to give people money: we can hand them money. That is why the US government requires large cash transactions to be automatically reported. There is no reason the same could not be done with Bitcoin: sure, you might get away with some illegal Bitcoin transactions, but by using Bitcoin you are basically putting a giant neon sign on your forehead that says, "I am trying to avoid mainstream ways of paying for things!"
    2. Bitcoin cannot support secure offline payments. That makes it all the more difficult to hide the fact that you are using Bitcoin, unlike using paper money.
    3. At the exchange rate of Bitcoin, a government could simply buy all the currency in the system and ruin it for everyone. It would take a couple hundred million dollars, which is barely blip on the radar compared to the budget of a typical industrialized nation. You would not need to buy all the currency, either; just buying a significant fraction of it would destabilize prices and drive people away.
    4. The demand for Bitcoin is predicated on the existence of exchanges that allow Bitcoin to be traded for fiat currencies. Those exchanges are easy targets for a government wishing to ban Bitcoin within its borders. There is no reason to think that this situation will ever change: people still need to pay their taxes and spend money offline, and Bitcoin does not allow them to do either of those things.
    5. Serious cryptography researchers in the 80s and 90s showed the world how to make digital cash systems that do not suffer from any of the above problems. We should be talking about how to deploy those systems, rather than continuing to go astray with Bitcoin.
    --
    Palm trees and 8
    1. Re:Most of us still do not take it seriously by Anonymous Coward · · Score: 1

      The thing that Bitcoin has going for it...it has low volume. That's volume in the high school physics sense. The US used to make $1000 and $500 that were ideal for large currency transactions. Since the advent of wire transfers, those bills are no longer produced. This means that transporting more than the $10,000 limit for declaring currency with the government can be tricky...there money just takes up a lot of space. Just try getting $1m in cash into or out of the US...it's a non-trivial problem that relies on driving or sailing it out of the country.

      The situation with the Euro is somewhat better as there's a €500 note, but they can be difficult to come by outside the Eurozone and there's been efforts to crack down on their abuse.

      Meanwhile, any number of Bitcoins can be sent across any national borders without any government oversight. A store of Bitcoins can be put on an encrypted hard drive volume, a MicroSD card and many other storage mechanisms that are trivial to transport across national borders.

      The downside of Bitcoins is that it's a pyramid scheme wherein the early miners got large collections of Bitcoins basically for free and people who come to it later are made to pay for theirs in services, labor or an alternate currency.

    2. Re:Most of us still do not take it seriously by Linsaran · · Score: 4, Interesting

      1. At the exchange rate of Bitcoin, a government could simply buy all the currency in the system and ruin it for everyone. It would take a couple hundred million dollars, which is barely blip on the radar compared to the budget of a typical industrialized nation. You would not need to buy all the currency, either; just buying a significant fraction of it would destabilize prices and drive people away.

      First, this requires that people are willing to sell, and if a single entity was buying up Bitcoins at that massive of a scale, you can bet the price (due to demand) would skyrocket. Then if the government effectively 'destroyed' said currency by not reintroducing it to the system, the value of the coins in the system (presuming a stable demand similar to what already exists), would remain high as the supply of coins would be drastically reduced. A government doing something like that would temporarily destabilize the market place, but wouldn't in any significant way impact the long term viability of bitcoins as a currency, if bit coins could bounce back from their 2011 market bubble, then obviously their viabilty as a currency can survive a period of temporary instability.

      The demand for Bitcoin is predicated on the existence of exchanges that allow Bitcoin to be traded for fiat currencies. Those exchanges are easy targets for a government wishing to ban Bitcoin within its borders.

      This would be a much more successful avenue of attack for a government trying to shut down bitcoins, however I think that it would be difficult to completely eradicate conversion between fiat currencies and bitcoins. All it takes is for one government to allow such a conversion to their local fiat currency, and you can convert that to litterally any other currency in the world. Sure it might take more hoops, but I'm sure there are more than a few nations that wouldn't mind some extra influx of value to their currency should a large portion of the world ban digital currency to fiat conversion.

      --
      In a bit of shameless internet panhandling, I accept Litecoin Donations at Lbd2oH9QsthD1GfuUXPyka12YxvWJYnBVf
    3. Re:Most of us still do not take it seriously by letherial · · Score: 1

      I dont see how the government could buy all the bitcoins, there are so many out in the wild now i would think it would be impossible. Bitcoins are formed by miners who then sell them, or buy something or whatever, how exactly is the goverment going to force the miners to sell there bitcoins to them? and even if it was possible, they would need to go back a few years and find all the old ones laying around and thats not likley. Even if they manage to buy all the bitcoins going forward, it would jack up the price of bitcoins, however, you can buy bitcoins in mini coins, so .00001 bit coin becomes 20.00, i dont need to buy the full bitcoin, just the partial.

    4. Re:Most of us still do not take it seriously by IamTheRealMike · · Score: 1

      Bitcoin cannot support secure offline payments. That makes it all the more difficult to hide the fact that you are using Bitcoin, unlike using paper money.

      It can actually. You just need to obtain confidence that your counterparty is not double spending in some manner other than online broadcast to a timestamping network. For example, your counterparty may have some secure hardware that is capable of remote attestation. Once the transaction is signed and given to you, your confidence in the money is determined by how difficult you think it is to attack the secure chip.

      In practice, these sorts of chips can be made very secure indeed. EMV (chip-n-pin) cards have used them for many years. The attacks on EMV are never on the chips themselves but always on the vastly overcomplex protocol, or the terminals, or socially engineering the cards owners. But breaking the hardware? Doesn't happen. So unless your counterparty happens to be called Chris Tarnovsky, it'd probably work well enough for everyday use.

    5. Re:Most of us still do not take it seriously by drinkypoo · · Score: 1

      We already have anonymous, hard-to-control ways to give people money: we can hand them money. That is why the US government requires large cash transactions to be automatically reported. There is no reason the same could not be done with Bitcoin

      Don't you already have to report currency trading of any significant quantity, based on dollar value?

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    6. Re:Most of us still do not take it seriously by frinkster · · Score: 1

      First, this requires that people are willing to sell

      If nobody is willing to "sell" bitcoins then they are worthless as a currency.

    7. Re:Most of us still do not take it seriously by Anonymous Coward · · Score: 0

      Bitcoin cannot support secure offline payments. That makes it all the more difficult to hide the fact that you are using Bitcoin, unlike using paper money.

      It can actually. You just need to obtain confidence that your counterparty is not double spending in some manner other than online broadcast to a timestamping network. For example, your counterparty may have some secure hardware that is capable of remote attestation. Once the transaction is signed and given to you, your confidence in the money is determined by how difficult you think it is to attack the secure chip.

      In practice, these sorts of chips can be made very secure indeed. EMV (chip-n-pin) cards have used them for many years. The attacks on EMV are never on the chips themselves but always on the vastly overcomplex protocol, or the terminals, or socially engineering the cards owners. But breaking the hardware? Doesn't happen. So unless your counterparty happens to be called Chris Tarnovsky, it'd probably work well enough for everyday use.

      Breaking the hardware happens, with an electron microscope. However, it is more expensive to break the hardware still than what you'd generally find once you broke it. You're right about the rest though (especially EMV; the overcomplex protocol has its roots in Visa's original modem-based transaction clearing protocol, and they just kept adding layers).

    8. Re:Most of us still do not take it seriously by Anonymous Coward · · Score: 0

      What the hell does demand have to do with price? That sounds like "market forces" and nearly every other thread on Slashdot informs us that no such force actually exists.

    9. Re:Most of us still do not take it seriously by betterunixthanunix · · Score: 1

      You just need to obtain confidence that your counterparty is not double spending in some manner

      Which is not secure, at least not under the definition of security that is commonly used in digital cash.

      For example, your counterparty may have some secure hardware that is capable of remote attestation.

      https://en.wikipedia.org/wiki/Digital_rights_management

      EMV (chip-n-pin) cards have used them for many years

      These are usually used in conjunction with an online payment processor, which changes the security model in fundamental ways. The security goal of these cards is to prevent unauthorized use of legitimate credentials; the legitimate user of those credentials is not the adversary. With double-spending, the legitimate user of the card is the adversary.

      breaking the hardware? Doesn't happen

      Faking the hardware can happen and Bitcoin will only stop it if you are online. What are you going to do to stop someone from producing a card that looks just like the "real thing" but which does not actually stop them from double spending? If you are going to introduce a central authority that issues these cards, why would you even bother with Bitcoin? You can get a more secure digital cash protocol that uses a central authority to issue the currency units, which actually supports secure offline transactions (regardless of the hardware someone uses).

      --
      Palm trees and 8
    10. Re:Most of us still do not take it seriously by triclipse · · Score: 1

      Yes, this is how economics works.

      Many people fail to realize that a unit of exchange is a commodity that serves a purpose in the market place that isn't all that different from other commodities. It is subject to supply and demand, and government monopolies on a given a given unit of exchange can warp but never defy the laws of supply and demand.

      --
      No Inflation Taxation without Representation
  38. Re:Difference between "currency" and "legal tender by cffrost · · Score: 4, Informative

    "Currency" is anything two or more transacting parties say it is. "Goodwill," "reputation," "an understanding that if I do this for you, you'll do something for me later," and the like are all "currencies" in this sense.

    The same goes for Tide laundry detergent, apparently.

    --
    Thank you, Edward Snowden.

    "Arguments from authority are worthless." —Carl Sagan
  39. Could Congress declare bitcoins almost worthless? by davidwr · · Score: 1

    If Bitcoins become the legal equivalent of a foreign currency, then Congress will have the ability to regulate its value:

    US Constitution, Article 1, Section 8, says "The Congress shall have the Power to ... coin Money, regulate the Value thereof, and of foreign Coin ... emphasis added".

    Prior to the 1960s or 1970s, it was common for foreign currencies to have fixed exchange rates against the US Dollar. The changing world economy as well as other laws such as the fixed price of gold in the United States made such fixed rates problematic, but Congress can still impose fixed exchange rates if it wants to (if it did so against a major currency today, it would likely cause a trade crisis, but doing so against BitCoin right now wouldn't have much of an economic impact on the national or global economy).

    Imagine what would happen if Congress declared that the BitCoin was to be treated as an international currency, and that it would have an official exchange rate against the dollar far, far, below its free-market rate. Initially there would be a huge arbitrage opportunity until the value of BitCoin against other major currencies collapsed, which would probably happen very quickly. Mining would practically cease. Once the reality of a "non-floating, greatly devalued" bitcoin set in, there might still be some trading among people who were already using it and some trading among people who had no other way to trade anonymously, and there would be some hoarding by speculators, but otherwise it would become irrelevant.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  40. Re:Difference between "currency" and "legal tender by asylumx · · Score: 4, Funny

    an understanding that if I do this for you, you'll do something for me later

    Sounds like a first date if I've ever heard one described...

  41. In Soviet Russia by davidwr · · Score: 0

    Bitcoins possess YOU!

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  42. Because it's totally Google who's judge, jury and by Anonymous Coward · · Score: 0

    ...executioner. Right.

    Reminds me of that William Gibson book where the world is basically ruled by huge megacorporations that *are* the law, and a meaningless ("small") government.

    Fuck you, Google. You don't get to decide for *me*, what's OK and what's not.

  43. Bad move all around by jd659 · · Score: 4, Insightful

    From TFA: “In 2011, Visa, Mastercard and PayPal, cut off all donations to WikiLeaks, the controversial website headed by Julian Assange”

    If assisting with cutting off funds to sites like Wikileaks is what Google is intending to do, this can set a very bad precedence. While WikiLeaks is controversial, it is not be illegal. It hasn’t been even charged with any crime. But let’s say it does get charged with some random US law from 1918 and, in the court of law, is pronounced to be “illegal” in the US, does it mean the funds will be cut off to Wikileaks globally? What if the Wikileaks is based in Sweden and I live in Norway, would I be able to give funds to Wikileaks? Would Google prevent me in any way? How far would this ban go?

    What if Iran sued New York Times and declared it to be illegal. Should Google then prevent the transfer of funds to New York Times because it was found to be illegal there? If Google decides to have different blocking policies based on the geographical location of the user, this can lead to breaking up the internet. Besides, we know there are plenty of technologies that allow users to spoof/change the location on the web. Will banning VPN and Tor be the next big thing?

    --
    There’s no such thing as “illegal download”

    --
    There's no such thing as "illegal download"
  44. Hitchhikers guide to the galaxy by schneidafunk · · Score: 1, Funny

    [Vogon Captain] All the planning charts and demolition orders have been on display in your local planning department in Alpha Centauri for 50 of your Earth years, and so you've had plenty of time to lodge any complaints and it's far too late to make a fuss about it now!

    (ANGRY SHOUTING)

    [Vogon Captain] What do you mean you've never been to Alpha Centauri? Oh, for heaven's sake, mankind! It's only four light years away, you know! I'm sorry, but if you can't be bothered to take an interest in local affairs, that's your own lookout! Energize the demolition beam! God, I don't know! Apathetic bloody planet, I've no sympathy at all!

    --
    Some people die at 25 and aren't buried until 75. -Benjamin Franklin
    1. Re:Hitchhikers guide to the galaxy by nil0lab · · Score: 1

      copyright infringement! slashdot hosted copyrighted content! now credit card contributions to slashdot will be blocked.

  45. Yes and no by davidwr · · Score: 2

    Visa could choose to not do business with blacks if they choose to?
    If you say no, where is the line drawn?

    Except for the fact that Visa operates in country that prohibits racial discrimination by law AND the fact that they would be subject to customer boycotts even if it were not legally prohibited, yes, they could choose not to do business with people of a certain race.

    In the United States, there are many local "businesses" that are organized as private clubs and who restrict club membership to people of certain age, religious, gender, or racial groups. Typical examples are golf clubs, alcohol-serving "private" establishments, and the like. Other "private club businesses" include professional associations, fraternal associations, and associations which have other specific "affinity criteria" like the age-based "AARP."

    Laws limit the kinds of goods and services they can offer on a "members only" basis. For example, the wholesale "club" known as Sam's Club must offer certain regulated products like alcohol, tobacco, and prescription drugs without regard to "membership". On the other hand, a "night club" that sells alcohol for on-premises use only is not required to sell alcohol to non-members.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  46. Dear Google by Synerg1y · · Score: 1

    How can you tell which sites are illegal?

    What about sites that are illegal in some countries and not others based on differing laws?

    Have you thought this through?

  47. Whoops by concealment · · Score: 1

    I broke the first rule of Download Club. Sorry about that.

    Good .sig, by the way.

  48. Not Illegal Until Found Guilty by Bob9113 · · Score: 1

    Google is in discussions with payment companies including Visa, MasterCard and PayPal to put illegal download websites out of existence by cutting off their funding.

    A person's actions are not illegal until they are found guilty. That is a cornerstone principle of our law; presumption of innocence. A few corporations proclaiming something illegal does not make it so. Having our monetary system in the hands of a few relatively unregulated oligarchs is perilous.

    1. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      A person's actions are not illegal until they are found guilty.

      You realize that this is the same thing as saying that it's entirely legal to do things like kill people and rob banks, as long as you don't get caught, right? (because if you're not caught, then there's no possible way you can be found guilty).

    2. Re:Not Illegal Until Found Guilty by Joe+U · · Score: 1

      Trial in absentia is the first thing that comes to mind.

    3. Re:Not Illegal Until Found Guilty by Algae_94 · · Score: 2

      Seems the GP's argument needs to be modified. "A person's actions can not be punished until they are found guilty". This does indeed say that if someone kills people and robs banks, but gets away with it, they will not be punished (the actions are still illegal).

    4. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      Yes.... that amendment I would certainly agree with.

      To presume that the actions themselves aren't even illegal until they are found guilty is to create an scenario where even attempting to pursue a person who had supposedly done something is entrapment, since a person who is alleged to have done something wrong will not have actually broken any laws until they are caught and found guilty. It's simply absurd to even think about.

    5. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      You realize that this is the same thing as saying that it's entirely legal to do things like kill people and rob banks, as long as you don't get caught, right?

      Yes, in the sense I implied. These companies are claimng that their refusal to process otherwise legitimate transactions is justified because the actions are illegal. That is not the case without due process. The fact that you claim that a person robbed a bank, or that these corporations claim that a website is illegal, does not make it so.

      You may have seen a person running out of the bank with a suitcase because he had to catch a train to the airport. You may have seen someone kill in self defense. Your perception of the events does not -- in itself -- make them illegal.

    6. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      One's perception of events does not make them illegal, but that doesn't mean that the actual actions themselves may not be.

      If a person's actions are not considered illegal until they have been found guilty, then in fact, there is nothing to find them guilty of, since no law will have been broken *UNTIL* they are found guilty.

    7. Re:Not Illegal Until Found Guilty by bws111 · · Score: 1

      However, even that statement is ONLY true as it refers to punishment by the state. There is no such statement as far as the general public is concerned. If such statements did apply to the general public then all calls for boycotts, etc should be illegal.

    8. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      One's perception of events does not make them illegal, but that doesn't mean that the actual actions themselves may not be.

      "May" is a key word in that sentence. Google is saying that their perception is a sufficient finding of legality. That is not true.

    9. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1
      But you didn't say that originally. Allow me to quote what you said:

      A person's actions are not illegal until they are found guilty.

      (emphasis mine)

      My point is that a person's actions can very much be *ENTIRELY* illegal even before he has been tried, let alone found guilty. To assert that such actions are somehow not even against the law just because a person who is alleged to have done them hasn't been found guilty of committing them yet defeats the entire purpose of having laws in the first place!

    10. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      My point is that a person's actions can very much be *ENTIRELY* illegal even before he has been tried

      That is an interesting statement, but it is unrelated to the topic under discussion. Context matters.

    11. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      As the topic in this particular thread is "Not Illegal Until Found Guilty", and you were the one who started the thread, with that exact headline, while I may be off topic from the point of the summary, but I'm pretty sure I'm spot on with respect to this dialog. It could be argued that you initially diverged from the topic in the article by bringing the matter up in the first place. All I was doing was pointing out that there's no possible way what you said could ever be true. You can often know that a crime has been committed even before you know who has done it, let alone tried and found a person guilty of the act. It's laughable to think that actions can somehow never be illegal until a suspect has been tried and convicted for them. The most you could reasonably say is that it is a cornerstone principle of a fair justice system to not *PUNISH* somebody who has not been already been found to be guilty in a fair trial... a principle that I most heartily agree with.

    12. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      As the topic in this particular thread is "Not Illegal Until Found Guilty", and you were the one who started the thread, with that exact headline,

      Their actions cannot be determined to be legal or illegal without due process. There is no objective truth of legality, it can only be determined by due process.

      You can often know that a crime has been committed even before you know who has done it

      No, you can't. There is no such thing as a violation of law without due process. Law is a process, not objective edict. There is suspicion. You might have a suspect in custody. You might really really really believe he is guilty. But without due process, you cannot know that he is guilty, or that any law has been broken.

    13. Re:Not Illegal Until Found Guilty by bws111 · · Score: 1

      That is a ridiculous position. Laws prohibit certain acts. Doing that act is therefore illegal. HOWEVER, just because an illegal act was performed does not mean anyone will be convicted of it. There may not be enough evidence, or the act may be excused because of some extenuating circumstance, or the perpetrator may never be found, but none of those things magically turn the act 'legal'.

      If would be highly illogical to say that never being captured for a murder you committed means that what you did was legal. It wasn't, it was illegal. You just weren't convicted for it.

    14. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      You can often know that a crime has been committed even before you know who has done it

      No, you can't

      Of course you can.

      Example: Security cameras at a gas station might capture a person holding up a cashier. Say that the person takes the money and runs before law enforcement manages to arrive. The video footage objectively *PROVES* that the law was actually broken, but yet they do not yet even have a suspect in custody. Witness reports might help them track down a suspect, but long before the trial, but even then the only thing you have not proven is the GUILT of any particular person that you bring into custody. This is not remotely the same thing as saying that the law hasn't been broken in the first place.... which is what it means when you try to say that nothing illegal has occurred until you have brought a suspect to justice (again, the very notion of which is a contradition, since if no law was broken, there would be no reason to try the person in the first place).

    15. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      The video footage objectively *PROVES* that the law was actually broken,

      If we later find that the video was a fabrication, then the new perceived reality would be that the holdup did not happen. The objective truth of the matter cannot change, so it must be that the perception of reality changed. Evidence alone does not objectively prove that the law was broken.

      again, the very notion of which is a contradition, since if no law was broken, there would be no reason to try the person in the first place

      We do not try people for being guilty of crimes. We try them for being suspected of crimes.

    16. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      If would be highly illogical to say that never being captured for a murder you committed means that what you did was legal. It wasn't, it was illegal.

      It would be highly illogical to say that you committed a murder without due process. If you have not been tried and found guilty, you only suspect you have committed a murder. Your memory could be flawed, particularly if you were in the midst of a situation that ended with someone's death.

    17. Re:Not Illegal Until Found Guilty by bws111 · · Score: 1

      Uh-huh. So, in your brilliant analysis, there was nothing illegal about the events in Newtown, CT, or the assasination of Kennedy, or the attempted assasination of Reagan, because nobody was ever or will ever be convicted? All of the unsolved burglaries, etc were all legal acts? People should not be able to make insurance claims for crimes where nobody is ever convicted because the removal of stuff from their house was not illegal?

    18. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      [Are you saying that these events] were all legal acts?

      No, I am saying we do not know, and cannot know, in the absence of due process. We cannot be certain whether the judicial process will find an event to be legal without running the process.

      People should not be able to make insurance claims for crimes where nobody is ever convicted

      I think this one actually comes up more often than you are implying with your incredulity. When an insurance company doesn't believe your story about a robbery, it may not pay. The claimant then has to decide whether they will fight it in court. If it goes that far, it once again becomes a matter of judicial process.

    19. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1
      I don't know if you are trying to deliberately be obtuse by taking points out of context or if you genuinely do not understand. In the example of the robbery I described above, I *explicitly* stated that a person had held up a gas station and that the event was captured on video. You then decided to insert a hypothetical scenario of the security camera's footage being faked, which is utterly irrelevant to the example I supplied.

      But it's clear to me that you are clearly conflating the terms of "guilty" and "illegal". Here's a breakdown for you. Actions that are criminal are illegal. Period. It doesn't matter whether or not a person has even been tried, let alone prosecuted, for a such an action, the action itself is really still illegal. You can know that a crime occurred (based upon a preponderance of evidence, proving beyond all reasonable doubt, since you seem to take objection to the concept of "objective proof"), whether it is a robbery, murder, rape, arson, kidnapping, or any number of other very obvious felonies... without even having a suspect in custody, let alone having already found any particular person guilty of that act.

      The point of a criminal trial is generally to ascertain the status of guilt of a suspect, not whether or not the action was ever actually legal (because if were legal before they were brought to trial, then there would be no reason to bring the person to criminal court in the first place, since the person would not have done anything wrong). Civil court can sometimes decide on issues governing whether or not something was legal, but that's not criminal court. The subject you started here was on the matter of legality.

    20. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      I don't know if you are trying to deliberately be obtuse by taking points out of context or if you genuinely do not understand.

      I understand your belief that objective legality can be known; I merely do not accept it. I am doing my best to explain my view that our legal system is designed to tolerate the inability to know truth, and that the question of legality is fundamentally a question of the legal system, though my explanation may inadvertently appear obtuse.

      Surely that last paragraph could not have been constructed by a fool. I shall continue not to question your intelligence or sincerity, though my baser instincts gnaw at me. We should not be wasting our time on barbs (unless you want to practice barbs, but then let's decouple it from this story and get more analytical about it).

      Actions that are criminal are illegal.

      Due process is the method we use to determine whether an action is criminal, which is a subset of whether it is illegal.

      The point of a criminal trial is generally to ascertain the status of guilt of a suspect, not whether or not the action was ever actually legal (because if were legal before they were brought to trial, then there would be no reason to bring the person to criminal court in the first place, since the person would not have done anything wrong).

      We put people on trial when we suspect that they have committed a crime. One aspect is what they did, another is whether the action violated the law. Due process is the method we use to discover the answer to both questions.

      Civil court can sometimes decide on issues governing whether or not something was legal, but that's not criminal court.

      Criminal courts are not civil courts, and civil courts sometimes decide whether something is legal. It does not follow from those two facts alone that criminal courts do not judge whether an action is legal. (and that is good, because they do)

    21. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      No. Due process (in criminal court) is the method that we use to determine whether or not a suspect is guilty of a crime, not whether or not the action itself was criminal. Whether or not an act itself is criminal is typically codified into the law itself. A person can be found guilty by due process without actually having broken any law if the evidence is sufficiently incriminating, and a person can potentially break a law without ever being found guilty.

      Again, they may not be considered guilty until they have undergone due process, but that has absolutely no bearing on whether or not a law has already been found to be broken.

    22. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      Whether or not an act itself is criminal is typically codified into the law itself.

      The law codifies a set of actions which, if believed to have occurred and in isolation of mitigating factors, would be illegal. Whether a particular real world action in context is a violation of law is determined by due process.

      A person can be found guilty by due process without actually having broken any law if the evidence is sufficiently incriminating

      You cannot know that they did not break the law without due process. Whether they violated the law is a matter of judgment for the courts, not some divine truth we can ascertain without due process.

      and a person can potentially break a law without ever being found guilty.

      You cannot determine that they broke a law without due process. You can have evidence, you can believe it, but the question of whether a law has been broken can only be determined through due process, not by individual decree.

    23. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      The law codifies a set of actions which, if believed to have occurred and in isolation of mitigating factors, would be illegal

      Actually, the law codifies a set of actions which *ARE* illegal. Period. Whether or not anyone, whether it is the public or a judge believes they occurred does not alter that... the only thing that such belief alters is whether any particular person can be rightfully prosecuted for engaging in that act. Heck, the acts themselves are illegal even if nobody actually ever even does them. That's what the law is.

      You cannot know that they did not break the law without due process.

      If you want to get technical, you can't even really *know* that they broke the law even *WITH* due process... you can only come to the belief that they did based on a preponderance of evidence which indicates it.

      You cannot know that they did not break the law without due process

      This is true, but that's an entirely different thing than knowing (or believing, if you want to be technical) whether or not a law has been broken. Sure, in some cases a not-guilty verdict might rule that no law had been actually been broken, but that's still pretty far from the universal case.

    24. Re:Not Illegal Until Found Guilty by Bob9113 · · Score: 1

      Heck, the acts themselves are illegal even if nobody actually ever even does them.

      If it never happens, an illegal act has not occurred. The actions of an entity that never occur are not illegal, and the entity is not illegal. That is the sense of illegal originally used -- real world actions, not hypothetical examples that cannot reflect the entire context of any real event.

      If you want to get technical, you can't even really *know* that they broke the law even *WITH* due process...

      True. "The law has been broken" is a transient belief that is only ever the result of due process and us mutable upon review.

      Sure, in some cases a not-guilty verdict might rule that no law had been actually been broken, but that's still pretty far from the universal case.

      Doesn't have to be the universal case. If it happens once, that is enough to prove that you cannot objectively know that a law has been broken without due process. Objective truth cannot change.

    25. Re:Not Illegal Until Found Guilty by mark-t · · Score: 1

      Fine... you're right. Whatever. I'm done.

  49. Google can't by koan · · Score: 1

    Most of them are moving to bitcoin.

    --
    "If any question why we died, Tell them because our fathers lied."
  50. I hope RMT sites are included by Anonymous Coward · · Score: 1

    I hope RMT (Real Money Trade) sites for MMO games are included in this. It's such an annoyance to play any damn MMORPG and it's flooded with bots selling the game's gold or other items, that many of these games stop being fun. When I try to find official sites to these games, ... all the top hits returned are also RMT sites. Like WTF.

  51. Not what you think by Anonymous Coward · · Score: 0

    You are naive as to Google's real intent. Google wants to give governments the ability to EXTERMINATE content they don't like. This isn't about piracy and fake goods sites. This is about free speech and sexual freedom.

    Take the depraved extremists that run Iceland. A tiny ultra-feminist, ultra-fascist elite has been running a program of social conditioning in Iceland's schools and greater society for generations now. Like the people that got booze banned in the USA, or get women put into black bags in Saudi Arabia, they represent the wishes of almost no-one in their nation. However, their control of the mass media makes the ordinary person THINK large numbers of their neighbours carry these opinions, making everyone shut their mouths for fear of being seen as a 'deviant'.

    Google wants the ability to work with the know of sociopaths at the heart of Iceland's power structures to successfully ban Internet 'pornography'. Firstly you get most people to browse via a search-engine, so that search-engine can be a perfect censoring gatekeeper. Then, that search-engine company also works to be the major source of income for many web businesses, so that company has the ability to issue financial 'death penalties' against sites.

    Google is an NSA built monster. They say Ghengis Khan had the safest roads seen since the Romans, if you could overlook his love of genocide. Google is not your friend, and the creators of Google are repulsive racist filth, often found in Israel celebrating yet another holocaust against the people the zionists label as 'sub-Human'.

    The is only one issue here that matters. Does a 'free' web serve our masters better than a closed one? More people at Google are convinced the answer is "yes". You see, a 'free' web allows people to speak their minds, and this information is gold for our masters. Petty tyrannical nations like Iceland, Australia or Saudi Arabia have useless unproductive populations, so kicking them around counts for little. However, crush the spirit of people in the USA or major European nations in the wrong way, and the elites run the risk of ruining their own crops.

    The Internet has proven very effective at providing 'bread and circuses' to distract the masses, as the war machines grow larger, and continue their rolling program of devastation across the globe. What best conditions people to allow the circumstances for another World War? Some psychopaths in the heart of your governments say "look to Hitler". They mean that Hitler's great social movement was a feminist, anti-pornography, 'family comes first' project that sought the support of women far more than men within Germany itself.

    Another part of Google's inner core thinks the 1930s Germany now forms an ideal model for a West increasing under the control of 'political correctness' conditioning. These monsters within Google want their counterparts that work for mass media companies to step up, and flood the world with fascist propaganda of all kinds, especially extreme-feminist, green, and anti-Muslim forms.

    I think the 'loose' web advocates will win over the 'tight' web ones. After all, the biggest political sites online are all either extreme right ('little green footballs' variety) or under the control of the elite's propaganda master George Soros. Freaking out because the net has small pockets of opposition would be a moron's mistake, and sadly the depravities that happily exterminated the secular nation of Libya are just not this stupid.

    1. Re:Not what you think by gmhowell · · Score: 1

      Not sure, but I think this might be a troll.

      --
      Jesus was all right but his disciples were thick and ordinary. -John Lennon
  52. NOT the only thing it is well suited for by davidwr · · Score: 1

    Bitcoin is best suited for any transaction where:

    * It offers the payer something of value, such as anonymity or not having to carry a wad of cash, compared to at least one of the current methods of payment he uses
    * It offers the payee something of value, such as the ability to attract new customers, lower transaction fees, etc. compared to any one of the payment methods he currently accepts.

    In Africa, one common way of doing business is to use cell phones as a way of communicating money transfers, in much the same way that debit cards are used in the United States today. A "cell phone money app" that could operate in multiple currencies combined with vendors who accepted multiple currencies including BitCoin would be a viable use for this currency.

    Now, as to what businesses would want to take bitcoin? Probably only those that catered to customers who currently pay in cash or with prepaid, anonymously-purchased prepaid debit cards. Even then, would the Truly Paranoid(TM) really trust any method of exchange that involved the use of a cell phone with a fixed Bluetooth and WiFi address or other "unique characteristics" that could be traced back to them? Buying a new cell phone every few weeks adds up, so the Truly Paranoid(TM) will still use cash or anonymously-purchased prepaid debit cards for low- and even medium-dollar purchases.

    One other thing bitcoin is good for:
    Like any other somewhat stable currency or commodity, it can be used as an investment hedge. The downside to using Bitcoins as a hedge is their limited supply - if a significant percentage of Bitcoins are owned by investors and they all try to sell at once, well, that's not good for the investors. But as a small part of a much larger currency hedge, it has value.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  53. It wasn't "zero accountability" by davidwr · · Score: 1

    VISA did pay a small or as you point out, perhaps not so small - public relations cost when they did this.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  54. Vigilante by jythie · · Score: 1

    So this is different from vigilante justice how?

    1. Re:Vigilante by bws111 · · Score: 1

      Vigilante justice almost always involves the vigilantes performing illegal acts (killing, imprisonment, destruction of property, intimidation, etc). This does not. This just involves someone deciding who they will do business with, a decision billions of people make every day.

    2. Re:Vigilante by PPH · · Score: 1

      VISA operates credit cards on behalf of banks. If I direct my bank to transfer money to some individual or company and they do no, they are in violation of several state and federal laws. VISA or my bank are not 'doing business' on their own. They are doing business on my behalf, so its my decision, not theirs.

      --
      Have gnu, will travel.
    3. Re:Vigilante by bws111 · · Score: 1

      Not so. When you use your credit card you are requesting credit from Visa, under an agreement you have with Visa. That agreement has conditions under which they will not approve the credit (over limit, too much credit in one day, illegal activity, etc).

      So, when you perform a transaction with a credit card, YOU are in fact 'doing business' with two entities: the merchant who you are buying the goods from, and the credit card company you are requesting credit from.

      If you lie to the credit card company to cause them to give you the credit where they otherwise would not, that is fraud.

      If you were talking about checks, or EFT, or maybe debit cards (not sure about that one), then you could say that they are doing business on your behalf and are not involved. With a credit card, no way.

    4. Re:Vigilante by PPH · · Score: 1

      Look at the definition of the card issuer in this context.

      --
      Have gnu, will travel.
    5. Re:Vigilante by bws111 · · Score: 1

      You're playing games with sematics, which do not change the situation at all.

    6. Re:Vigilante by jythie · · Score: 1

      Actually they are at the core of the situation. The business relationship between card holder and issuer has a murky set of legal and common expectations, and most users have the expectation that the issuer does not get a say in how and where they spend their money. Banks and similar institutions are generally thought of as neutral, holding on to people's money but when the person wants the bank to send their money to someone else the bank is expected to comply since it is not their money.

      Here we have a small group of powerful entities using their positions as gatekeepers of electronic transfer to prevent private entities from interacting with each other economically. This is only legal because they got the laws written in such a way that makes it legal.

      While stuff like this gets more press, there are lots of other cases where payment processors are using morality based processing restrictions to try to pressure companies and consumers to conform to their ethics. There is a fairly small number of core groups and, to be blunt, it is hard to run a business if you can not accept payments. There are plenty of cases of this pressure being used on businesses engaged in perfectly legal activities.

  55. Re:Do you REALLY want idiots telling you how to sp by mark-t · · Score: 1

    Unless you live completely isolated from civilization (unlikely, since you have an Internet connection) idiots already tell you how to spend your money... it's up to you to discern which notions are idiotic and ignore them.

  56. Goverments get to define "illegal" by davidwr · · Score: 2

    If it's left up to one Government to determine what is and is not an illegal site,

    Actually, that's the way most laws work:

    In general, sovereign states determine what is and is not illegal within their domain, subject only to their "basic law" (i.e. Constitution) and the ability and willingness of the people to rise up and revolt and the ability and willingness of outside actors (typically other governments, but sometimes people or corporations) to sanction or to go war with the sovereign state if it does something that offends someone.

    Google is hosted in the United States. It does business in other countries. If another country tells Google "don't allow our citizens to access XYZ or we will kick you out" or "don't allow site XYZ that is in our borders to be accessed through Google or we will kick you out" then Google has a choice: Play by the rules or pack up and go home.

    Since Google is based in the United States, it is subject to United States laws. If the Federal Government (or the state government where Google operates) gives a lawful order to Google, Google has a choice: Obey the law or cease being headquartered in the United States. If the request has to do with US-based web sites or US-based users, the choice to move his HQ abroad isn't enough, it will have to both move abroad and exit the US market, or obey the law in question.

    Now, fortunately for companies headquartered in the United States, we do have a working court system and if the government asks Google to do things that the government is prohibited from requiring Google to do, Google can say "no" and if the government keeps insisting on action, Google can go to court and get an order requiring the government to back off.

    Also, fortunately for Google, it's sitting on more than enough cash to fight a legal war with the United States and not lose purely due to inadequate representation or legal attrition. Smaller companies and individuals on the other hand can be and are bullied to the point of suicide by the United States Government.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    1. Re:Goverments get to define "illegal" by jd659 · · Score: 1

      ...then Google has a choice: Play by the rules or pack up and go home.

      If only Internets had the same borders as the physical states... then you could just pack up and go to another internet!

      -- There's no such thing as "illegal download"

      --
      There's no such thing as "illegal download"
  57. Illegal as determined by whom? by Anonymous Coward · · Score: 0

    So Google has decided it needs to become an IP enforcement arm of the Internet. Who is going to decide what is illegal; Google, the RIAA/MPAA, foreign government agents, big corporations, or whomever decides to pay them to make their competition go away?

  58. Protected classes by sjbe · · Score: 1

    Visa could choose to not do business with blacks if they choose to?

    Not on the basis of their race in the United States and quite a few other countries. Doing would (rightly) risk federal/state prosecution and very likely civil lawsuits as well.

    If you say no, where is the line drawn

    Easy question. You cannot discriminate against people based on a number of protected classes including age, sex, marital status, religion, national origin, familial status, disability, veteran status and genetic information. Generally speaking any other form of financial discrimination may be fair game legally speaking. (Morally is another issue)

    1. Re:Protected classes by Anonymous Coward · · Score: 0

      So, the first of these pirate sites run by a black man that gets shut down causes trouble for Visa?

      Its not that I disagree with what you all are saying, its just when you FORCE people to do things, like not discriminate based on race, it basically means you force them to do the same for everyone and the "they choose to not do business with whomever they like" can't be said anymore.

      I just always wondered how you enforce this. Like a small shop that a black shoplifter keeps stealing in, if you ban him do you get into trouble because he tells police you are discriminating.

  59. Gold-backed bitcoin? by davidwr · · Score: 1

    It sounds like there is a market for something like BitCoin, but where all coins are pre-mined and backed by a fixed commodity and an insurance and legal structure that protects against theft of the underlying commodity.

    Imagine a parallel pre-mined-on-launch "bitcoin" that was backed by a legal entity that owned $21M,* 21M Euro, 21 million grams of gold, or some other fixed tangible or intangible good that had a stable value. In such a world, the bitcoin would operate much like an electronic version of bearer-ownership-certificate for a closed-end mutual fund, but without any voting rights.

    *I'm using 21 million as a convenient number based on the maximum number of bitcoins that will ever be minted.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    1. Re:Gold-backed bitcoin? by amiga3D · · Score: 1

      I like it. That's what we need, an independent universal money backed by actual metal not some government entity with a printing press.

  60. Nothing like telling a geek they can't have... by future+assassin · · Score: 1

    something. A month later someone comes up with a bedroom brewed solution. Last on I've seen is Netflix-desktop for Linux.

    --
    by TheSpoom (715771) Uncaring Linux user here. I have nothing to add to this but please continue. *munches popcorn*
  61. Re:Who are you to say who they must do business wi by Anonymous Coward · · Score: 0

    Payment processors should serve anybody until a court says otherwise.
    (That is how it is supposed to be).

    Same as phone company / utilities etc etc

  62. Why didn't this happen 15 years ago? by tgeller · · Score: 1

    This is good, and long past due. Amazing that it took so long.

    --
    Tom Geller
  63. Obligatory steak and lobster dinner by davidwr · · Score: 1

    Non-transferable gift certificate good for dinner tonight at a restaurant halfway around the world from me.

    Obligatory update:
    The real Mafia just called, they say any business that wants to operate like this needs to come to an "intellectual property agreement" with them first.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  64. Gambling, Hookers and Blow by Tokolosh · · Score: 1

    and the government's inability to tax such businesses, because they are either considered "illegal", or a monopoly reserved for the state. That is what this is about.

    --
    Prove anything by multiplying Huge Number times Tiny Number
  65. Idea to get credit bureau's attention by davidwr · · Score: 1

    If you are denied credit because of a credit-bureau snafu, consider suing for a declarative judgement that the credit bureau's records cannot be considered complete and accurate, then sue the company that denied you credit for an injunction preventing that one company from making credit decisions based only on the not-independently-confirmed, legally-judged-to-be-not-complete-and-accurate information returned by that credit bureau.

    If you win, this will force that one customer to either fire that credit bureau or double-check any negative reports against another bureau, which will increase his costs.

    It will also save an step for others who are denied credit based on inaccurate records from the reporting bureau that had bad records on you if they want to take similar action

    The resulting news coverage may shame the companies into being more pro-active than they already are and/or get TV-time-hungry lawmakers to make noise about the issue.

    Even if it doesn't, the resulting loss of business resulting from the injunctions will get the attention of the bureaus whose record-keeping has been judicially ruled to be incomplete and/or inaccurate.

    Disclaimer: I am not a lawyer and yes, I do post as if I live in a fantasy world where good always prevails.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  66. Umm by umask077 · · Score: 1

    So reading this dollar bill I quote. "This note is legal for all debts public and private". Refusing to deal in currency is a crime. Realizing paypal and visa don't deal in bills this still seems like they would be violating treasury laws in doing so.

    --
    --- Always remember. 99.36% of all statistics are inaccurate.
    1. Re:Umm by bws111 · · Score: 1

      Except that there is no such law. Quoting from the treasury's website.

      This statute means that all United States money as identified above are a valid and legal offer of payment for debts when tendered to a creditor. There is, however, no Federal statute mandating that a private business, a person or an organization must accept currency or coins as for payment for goods and/or services. Private businesses are free to develop their own policies on whether or not to accept cash unless there is a State law which says otherwise.

      In other words, it is always legal to offer cash, but no requirement that any private entity accepts your cash.

    2. Re:Umm by MadMaverick9 · · Score: 1

      no requirement that any private entity accepts your cash.

      Well - u know what?

      You don't want my money? You don't want my cash?

      Fine. I will happily take my business elsewhere.

      When will companies realize ... we, the people, don't need you. You, companies, need us customers more then we need you. I can simply take my business elsewhere. Or simply don't do it at all. That way I get to keep my money and you get nothing. I win, you lose.

  67. $20?! by Thud457 · · Score: 1

    awwwwww...
    I wanted a peanut!

    --

    the preceding comment is my own and in no way reflects the opinion of the Joint Chiefs of Staff

  68. BitCoins are insuffuciently stable by sirwired · · Score: 1

    One other thing bitcoin is good for: Like any other somewhat stable currency or commodity, it can be used as an investment hedge. The downside to using Bitcoins as a hedge is their limited supply - if a significant percentage of Bitcoins are owned by investors and they all try to sell at once, well, that's not good for the investors. But as a small part of a much larger currency hedge, it has value.

    BitCoins are NOT "somewhat stable". If the USD, EUR, or pretty much any other currency on the planet fluctuated on a daily basis anywhere near as much as BitCoins do, it'd be considered an economic apocalypse. You'd have to be utterly nucking futs to consider BtC's a "currency hedge." (A highly speculative investment sure, but it wouldn't a hedge against anything.)

    This instability also makes it pretty useless as a general-purpose currency. The only way to ensure you don't completely lose your shirt is to "sweep" your BitCoins into the national currency of your choice pretty much as soon as you receive the things. If you are going to go to all that trouble, most people will just use normal currency to begin with because of the transaction fees. The instability also introduces a hidden "transaction fee" on every BtC transfer if you actually want to trade outside the "Bitcoin economy."

    Yes, BitCoins are useful if you want to keep your transactions anonymous, but that "economy" is sufficiently small and trouble-prone that Visa/MC won't miss it one bit. (The pre-paid debit cards that would be useful for such a thing are only a tiny fraction of their business.)

  69. Few banks want money laundering by sirwired · · Score: 1

    While some individuals within banks do sometimes purposefully facilitate money laundering, it is very rare for an institution as a whole to condone it. The fines involved if the bank gets caught are simply enormous, and well out of proportion with whatever profit they might have derived from it. Prosecutors love money laundering cases because the payoff is huge, and the burden of proof much easier than, say, dodgy mortgages.

    Chronic violators get cut off from SWIFT and IBAN, which is pretty much a bank death sentence.

  70. Who decides they are illegal? by morcego · · Score: 2

    Google? Visa? RIAA/MPAA?

    Or is Google going to cut funds to sites AFTER they are ruled illegal in a court of law?

    The real problem is WHO IS GOING TO DECIDE. There is where freedom dies.

    --
    morcego
    1. Re:Who decides they are illegal? by Anonymous Coward · · Score: 0

      What do we need the courts for? Big corporations will do whatever they like, whatever messes with their business model. Judges can be a uncivilized idiot, who throw temper tantrums, and stomp their feet if an individual does not kiss the judges ass to his/her satisfaction. I am not impressed, and for any judge reading this, I am not before your court, and I express my opinion, which is my RIGHT, so get over it.

      Any court which to assert your authority, then you need to do so on these corporations and government agencies that think they can bypass the whole "due process"

      The hall is rented. the orchestra is engage. time to see if you can dance.

  71. Re:Difference between "currency" and "legal tender by Anonymous Coward · · Score: 1

    an understanding that if I do this for you, you'll do something for me later

    Sounds like a first date if I'd ever had one..

    Fixed

  72. Without a doubt by Maudib · · Score: 1

    I will boycot Google if they go ahead with this.

  73. GPolice Beta by CanEHdian · · Score: 1

    Great News from Google!

    You've all been signed up for the GPolice Beta program! Today, with Industry partners, we've started an open beta of GPolice, where we will be policing your websites for compliance to accepted Industry standards. Should any sites be found to be in violation, we and our parners will cut your funding! Since this exciting new feature is still in Beta, we anticipate a few problems here and there, but with GPolice growing and expanding --we are still looking for more Industries to partner with-- we will soon iron out most bugs and cut funding more effectively.

    Thank You from your GPolice team!

    --
    When the copyright term is "forever minus a day", live every day like it's the last.
  74. Google was always a whore by Anonymous Coward · · Score: 0

    Why is anyone surprised? Google sold out years ago... Chrome sending all your keystrokes, URLs, and file download to Google servers anyone?

  75. Read TFA carefully by Anonymous Coward · · Score: 0

    It is carefully worded but does not say that Google actually plans to do anything at all beyond consider some proposals given to it by third parties. This coming from a newspaper well known for its natural allegiance to one end of the political and social spectrum.

  76. Re: Payment processors as our new moral guides by Anonymous Coward · · Score: 0

    Just recently, FetLife – a well-known, large "social networking website that serves people interested in BDSM, fetishism, and kink" – had to make dramatic changes to their Content Guidelines, effectively banning all discussion on several fetishes (including poop play and incestuous relationships – or fantasies of such, possibly with an "ageplay" twist – between consenting adults, as well as all fantasizing on the themes of bestiality or necrophilia.)

    This change was done to appease their Canadian payment processor who threatened them with fines for violating the Visa guidelines. Apparently there was something fishy going on with the first payment processor they used – possibly an attempt at scam of some type – but the second one they contacted turned them down as well, citing their fear for potential fines as the reason. So, having no good options left to them, they have now changed their Content Guidelines, which currently read as follows:

    https://fetlife.com/fetlife/content_guidelines

    You can find a more complete story about this on their website, in the FetLife Announcements discussion group, and especially in this post, but since reading it requires registration, here's a PasteBin copy.

    This story is not directly related to Google, of course... but just goes on to show how the payment processors indeed have great power over defining which sexual fantasies and moral views are deemed "allowed" on the Internet and which are "thought crimes". If given this power, I fear they might not stop just to the (somewhat arbitrary) subjects of fantasy listed above, but there will be more in the future...

    (FetLife is a free site for a casual user but accepts and encourages voluntary payments to keep the site running. Paying users get access to videos posted by other members. However, this is more of a way to make paying seem worthwhile; not the primary "purpose" of the site. FetLife is primarily based on the free social networking/contacts aspect and the discussions between the members: videos are only a side dish in the big picture.)

  77. TURN ABOUT by Anonymous Coward · · Score: 0

    Google needs to make up their fucking mind and decide what line of work they are in. Either they are in the search engine business, or the money control business.

    If Google is in the search engine business, then they need to get out of the censorship business and not worry about it.

    If Google is in the money control business then they need to sell off the search engine and Youtube and be done with it.

    If Google is going to try and do both, then there will likely be retaliations on their software and hardware and they will have no right to complain about.

    If the courts which to continue to be taken seriously and not be viewed as a joke then they need to step in and slap some serious fines on Google (or anybody else) for doing such things.

    1. Re:TURN ABOUT by lpq · · Score: 1

      Google needs to make up their fucking mind and decide what line of work they are in. Either they are in the search engine business, or the money control business. If Google is in the search engine business, then they need to get out of the censorship business and not worry about it. If Google is in the money control business then they need to sell off the search engine and Youtube and be done with it.

      Sorry, it's an artifact of being a company in the US. By law, their primary duty is their *fiduciary* duty to their stockholders. This was pushed through in court cases by the Reagan administration. Money ALWAYS comes first -- by law.

      US Corporations have been on the moral down-slide ever since. They have no choice unless the laws are changed.

  78. Or people who don't care by Sycraft-fu · · Score: 1

    Notice that most sites that use it aren't using it as a currency, but as a money laundering tool. Someone sends them bitcoins, they immediately convert them to the real currency that they want. They aren't using it as a currency, they aren't holding money in it, they just use it because it launders the funds and separates them from their clients.

    That is useful in terms of sending payments for illegal products, but not in terms of being a currency. Quite the opposite, in fact. If the big users of it don't wish to have it for longer than absolutely necessary, then it isn't functioning as a currency.

    It also sets it up to be in a good position to get shut down. If bitcoin becomes used exclusively for buying illegal goods, government will have all the argument they need to shut it down. While shutting down the decentralized BTC network itself might be impossible, shutting down the exchanges is not. They close down any place converting bitcoins to money, seize the funds, and charge the operators with money laundering. Suddenly, bitcions aren't worth shit.

    As you've pointed out, they are inherently deflationary and thus will never function as a currency. So if the exchanges get shut down, now it is just a bunch of people fiddling around with nothing to do.

  79. Legality of Bitcoin by DanielRavenNest · · Score: 1

    Bitcoin is nothing more than a distributed account book/transaction history. Since when is that illegal?

    "I make policy."

    You may make policy for Anonymous Cowards, but you will have to do more than that to convince us you are anything but a weenie whackadoodle.

  80. Re:What are bitcoins by DanielRavenNest · · Score: 1

    The Bitcoin network merely maintains a distributed account book and transaction history in arbitrary units. The cryptographic security and other features have induced people to trade account balances for other goods and services, but trade in and of itself is legal. If you think bitcoins can be declared illegal, you would have to tell us what feature(s) it has that a business account book that tracks work in arbitrary units does not.

  81. Freebie for google by Anonymous Coward · · Score: 0

    1. show ads on sites
    2. accuse sites of criminal activity
    3. dont pay the sites for the ads.
    4. profit.

    seriously man, there aren't even underpants in there

  82. Well, you still need a government by davidwr · · Score: 1

    Or rather, you need SOMETHING to prevent those in physical possession of the metal from absconding with it and SOMETHING to protect you if they get robbed.

    On the whole (exceptions abound), a functional government with a functional court system to enforce contracts and a functional law-enforcement mechanism punish thieves are better at doing this than an individual or corporation.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
    1. Re:Well, you still need a government by fazey · · Score: 1

      or my 9mm, and a backpack full of gold!

  83. Perhaps I wasn't clear by davidwr · · Score: 1

    By "doing business in a country" I mean actually going to that country to do business. I'm not suggesting that Google has to obey Chinese laws if Chinese citizens visit the Google web site and buy Google products from it using a credit card from a non-Chinese bank and they are either ordering non-tangible items or if they are ordering tangible items, they will not be shipped directly to China. Even if the customer is trying to pay with a Chinese-bank credit card or is trying to have tangible goods delivered to China, it's only a problem for Google if it expects to be paid and it expects the goods it delivers won't be confiscated at the border.

    However, Google is, or at least at one time was, actually operating as a business in China.

    --
    Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
  84. free advertising by fazey · · Score: 1

    If I remember correctly, a few years back people were having issues with google just freezing their adsense account and not ever paying out. Then finding some bogus reason for suspending you, but yet, they still allowed the ads to work, and collected the revenue from your impressions/click throughs. This sounds like just another way of accomplishing the same thing. I havent used adsense in years because of all that BS, but I bet even on sites they refuse to pay out, they still welcome the ad traffic. Its this double edge sword bullshit that gets me the most.

  85. DON'T BE ILLEGAL by Anonymous Coward · · Score: 0

    Phonetically, it's pretty close really.

  86. Real meaning by Anonymous Coward · · Score: 0

    ... block funding to websites that do not respond to legal challenges ...

    ... to web-sites that do not obey US laws ...

    FTFY

  87. Backfire. by concealment · · Score: 1

    Not necessarily -- big media productions already get plenty of coverage on the torrent scene, and there'll only be more users keeping torrents alive/healthy longer when people lose today's popular RS/MU/etc.-type sites and get driven back to bittorrent.

    That's a good point. Cracking down on piracy may drive pirates to methods of file transmission that are even less detectable. I'm waiting for them to drive us all to darknets, when the internet will be nothing but a stream of encrypted packets with ambiguous destinations. Then what are they gonna do -- outlaw encryption?

  88. "Do no evil" by ToddInSF · · Score: 1

    Or at least never admit it...

  89. Youtube by vilanye · · Score: 1

    Does this mean that YouTube is going to get shut off.

  90. I thought Google was a search engine? by Gel214th · · Score: 1

    What business is it of theirs to go after "illegal" sites? And why can credit card companies be coerced into refusing financial services to entities which have not been found guilty of any charges?

    What if Google decides a critical blog is posting "illegal" links or advertisements, can they strong arm Visa, Paypal and Mastercard to cut them off to?

    Google should stick to it's business which is search engines/ Android.

    We must also remember that Mastercard LOST their case against Wikileaks and afaik must pay about 21 Million USD to them.
    http://mashable.com/2012/07/12/wikileaks-wins-battle-against-visa-mastercard/

    This action is absolutely wrong, and it's frightening that a company with as much influence as Google (THE search engine of the internet) could be behind it.

    --
    -Gel214th
  91. 12 Angry men? by meimeiriver · · Score: 1

    Yes, I realize, I'm way too late in the game to matter, but..

    Am I the only one appalled by a private company (American, of course) deciding one day Justice is now simply dispensed by those with the deepest pockets? What, no Law any more? No due process? No Judges? No Jury? No 'Innocent until proven guilty?

    "12 Angry Men" my ass! The USA has got to be the only country I know that has legalized corruption to the point where private companies are just openly taking over the Law from the Government.

    This can only end one way: in revolution. And expect no 12 angry men, but at least 120,000,000.

  92. Re:Ad hominem alert by Anonymous Coward · · Score: 0
    To all you fuckwits that raise the ad hominem "attack" argument whenever someone calls you out for being the douchenozzle dumbfuck pice of shit that you are:

    Of course as a proven paid apple shill you *would* say that.

    That is a textbook ad hominem.

    There is no such thing as an ad hominem attack and calling you names is not an ad hominem.

    You can now return to chucking shit on the wall.

  93. Google again by Anonymous Coward · · Score: 0

    Here we go again. Google is about to screw a whole bunch of people like they did with their algo update...Who is watching Google?