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California Looking To Make All Bitcoin Businesses Illegal
An anonymous reader writes A new law has been proposed in California that would effectively outlaw all Bitcoin-related businesses that don't first get "permission." The details are vague within the bill itself, which is part of what makes it dangerous. If you're doing anything with virtual currency, you may have to go line up in Sacramento to get permission first.
Bitcoin contains features known to the State of California to cause untraceable transactions, speculation, and other financial harm.
Left MS Windows for Linux Mint and never looked back!
Vote for Bernie in 2016!
Damn you and your facts!
You are welcome on my lawn.
That's why your entire population is moving ...
I wish they would move faster. 'Cause it's fucking impossible to find reasonable housing here in southern CA.
After all, what is a "virtual currency" but a "good" to be exchanged? All in-game credits should be prohibited from being used to pay for items outside the game or being exchanged for cash Trading goods or services for other goods or services? Also should be illegal, since how can the Government monitor such transactions? Cash should also be made illegal, since it can not be immediately tracked and might be used for nefarious purchases and most importantly, privately held cash destabilizes our glorious economy by keeping it out of the hands of the almighty Financial Institutions who can use it to invest in hedge funds and conduct other sound business practices like lending it out to other large institutions or buy up massive tracts of property to mortgage to Wealthy Chinese Citizens thereby keeping our economy strong.
The only legal means of paying for goods or services should be with a Chip and Pin implant on your hand or forehead.
And they will try to get someone to paint a warning on the Sun that it contains agents known in the State of California to cause cancer.
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