Mike Hearn



Offline



Activity: 1526

Merit: 1008







LegendaryActivity: 1526Merit: 1008 Bitcoin at the US Senate November 10, 2013, 11:50:12 AM

Last edit: November 13, 2013, 11:47:44 AM by Mike Hearn #1



1) Senate Homeland Security & Governmental Affairs (HSGAC) committee



2) Senate Banking committee



The hearings have been called so US representatives can learn about Bitcoin and in particular, about its impact on law enforcement and banking. The HSGAC hearing will have two panels. The first one consists of members of US LE agencies. The second is the industry panel and will have, amongst other people, Patrick Murck of the Bitcoin Foundation on it.



For those who don't know Patrick, he is pretty much "the Bitcoin lawyer" and is one of us - he has been involved behind the scenes with Bitcoin for a long time now, I talk with him frequently and I know he will do a great job. That said, Patrick was not our first choice. Actually the Senate invitation was for Jon Matonis, who was our first choice. Unfortunately Jon couldn't make it on such short notice. Gavin would have been our second choice, but he is in Australia visiting family at the moment and also was not available.



The selection of the other panelists are also, I think, good news for us - they're people with a strong understanding of the Bitcoin space, people who have got credibility and achievements under their belt. Unfortunately my understanding is that it would be a faux pas to reveal their names here for some reason, but you'll find out who they are in a week.



edit: the names of the people appearing in front of the Senate Banking committee have now been published



Preparatory work has already begun and Foundation staff are working on some written testimony that will be submitted along with the oral testimony. Patrick will be heading to DC soon in order to start rehearsing and preparing. As executive director, Jon is of course going to be instrumental in figuring out what we're going to say, although he's being helped by other members as well of course. If you want to suggest ideas and contribute, go join the Foundation and post to the forum.



In recent times I've occasionally seen people sometimes question what the purpose of the Foundation is. Well, this is one of the reasons it was created. There are many powerful institutions in our world run by people that simply don't or won't take part in forums like bitcointalk, mailing lists and so on. The way they operate is by holding meetings, conferences and hearings like this one. The Foundation not only funds development but acts as a bridge between these two very different worlds.



Thanks,



Mike Hearn

Chair, Law & Policy committee

Bitcoin Foundation On the 18th November, which is a bit over a week from now, members of the Bitcoin community will be testifying in front of the US Senate in two committee hearings:1) Senate Homeland Security & Governmental Affairs (HSGAC) committee2) Senate Banking committeeThe hearings have been called so US representatives can learn about Bitcoin and in particular, about its impact on law enforcement and banking. The HSGAC hearing will have two panels. The first one consists of members of US LE agencies. The second is the industry panel and will have, amongst other people, Patrick Murck of the Bitcoin Foundation on it.For those who don't know Patrick, he is pretty much "the Bitcoin lawyer" and is one of us - he has been involved behind the scenes with Bitcoin for a long time now, I talk with him frequently and I know he will do a great job. That said, Patrick was not our first choice. Actually the Senate invitation was for Jon Matonis, who was our first choice. Unfortunately Jon couldn't make it on such short notice. Gavin would have been our second choice, but he is in Australia visiting family at the moment and also was not available.The selection of the other panelists are also, I think, good news for us - they're people with a strong understanding of the Bitcoin space, people who have got credibility and achievements under their belt. Unfortunately my understanding is that it would be a faux pas to reveal their names here for some reason, but you'll find out who they are in a week.Preparatory work has already begun and Foundation staff are working on some written testimony that will be submitted along with the oral testimony. Patrick will be heading to DC soon in order to start rehearsing and preparing. As executive director, Jon is of course going to be instrumental in figuring out what we're going to say, although he's being helped by other members as well of course. If you want to suggest ideas and contribute, go join the Foundation and post to the forum.In recent times I've occasionally seen people sometimes question what the purpose of the Foundation is. Well, this is one of the reasons it was created. There are many powerful institutions in our world run by people that simply don't or won't take part in forums like bitcointalk, mailing lists and so on. The way they operate is by holding meetings, conferences and hearings like this one. The Foundation not only funds development but acts as a bridge between these two very different worlds.Thanks,Mike HearnChair, Law & Policy committeeBitcoin Foundation

AWARD-WINNING

CASINO CRYPTO EXCLUSIVE

CLUBHOUSE 1500+

GAMES 2 MIN

CASH-OUTS 24/7

SUPPORT 100s OF

FREE SPINS PLAY NOW ertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertised sites are not endorsed by the BitcoinForum. Theymay be unsafe, untrustworthy,or illegal in youjurisdiction. Advertise here.

franky1



Online



Activity: 2884

Merit: 1751









LegendaryActivity: 2884Merit: 1751 Re: Bitcoin at the US Senate November 10, 2013, 01:24:48 PM #3



http://www.youtube.com/watch?v=SMC-oSoaOcY



- one minute - 05 seconds into video



video's of patrick so people know his 'style' and get to know him more then just a name http://www.youtube.com/watch?v=wWLgSHHFaI0 - one minute - 05 seconds into video I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.

Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

franky1



Online



Activity: 2884

Merit: 1751









LegendaryActivity: 2884Merit: 1751 Re: Bitcoin at the US Senate November 10, 2013, 02:13:51 PM #7 Quote from: Come-from-Beyond on November 10, 2013, 01:54:12 PM Quote from: Mike Hearn on November 10, 2013, 11:50:12 AM On the 18th November, which is a bit over a week from now, members of the Bitcoin community will be testifying in front of the US Senate in two committee hearings...



Waste of time. A decentralized currency doesn't need that.

Waste of time. Acurrency doesn't need that.

bitcoin doesnt need it. but if your wanting to swap FIAT for bitcoin at any point then it does need some government approval.



if you dont want this then stop working for a business that pays salary in FIAT, stop going to FIAT acceptig shops/stores to buy food/clothes and dont fill your car up at FIAT priced gas stations. instead find the bitcoin alternatives and you will never need to worry about government regulations affecting you directly.. even though regulations will still affect the merchants you deal with, if they have to convert to FIAT, so theres no way to prevent regulations, there is only ways to limit how much it extends to you and affects you directly bitcoin doesnt need it. but if your wanting to swap FIAT for bitcoin at any point then it does need some government approval.if you dont want this then stop working for a business that pays salary in FIAT, stop going to FIAT acceptig shops/stores to buy food/clothes and dont fill your car up at FIAT priced gas stations. instead find the bitcoin alternatives and you will never need to worry about government regulations affecting you directly.. even though regulations will still affect the merchants you deal with, if they have to convert to FIAT, so theres no way to prevent regulations, there is only ways to limit how much it extends to you and affects you directly I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.

Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

Come-from-Beyond



Offline



Activity: 2128

Merit: 1009



Newbie







LegendaryActivity: 2128Merit: 1009Newbie Re: Bitcoin at the US Senate November 10, 2013, 02:30:50 PM #9 Quote from: franky1 on November 10, 2013, 02:13:51 PM Quote from: Come-from-Beyond on November 10, 2013, 01:54:12 PM Quote from: Mike Hearn on November 10, 2013, 11:50:12 AM On the 18th November, which is a bit over a week from now, members of the Bitcoin community will be testifying in front of the US Senate in two committee hearings...



Waste of time. A decentralized currency doesn't need that.

Waste of time. Acurrency doesn't need that.

bitcoin doesnt need it. but if your wanting to swap FIAT for bitcoin at any point then it does need some government approval.



if you dont want this then stop working for a business that pays salary in FIAT, stop going to FIAT acceptig shops/stores to buy food/clothes and dont fill your car up at FIAT priced gas stations. instead find the bitcoin alternatives and you will never need to worry about government regulations affecting you directly.. even though regulations will still affect the merchants you deal with, if they have to convert to FIAT, so theres no way to prevent regulations, there is only ways to limit how much it extends to you and affects you directly

bitcoin doesnt need it. but if your wanting to swap FIAT for bitcoin at any point then it does need some government approval.if you dont want this then stop working for a business that pays salary in FIAT, stop going to FIAT acceptig shops/stores to buy food/clothes and dont fill your car up at FIAT priced gas stations. instead find the bitcoin alternatives and you will never need to worry about government regulations affecting you directly.. even though regulations will still affect the merchants you deal with, if they have to convert to FIAT, so theres no way to prevent regulations, there is only ways to limit how much it extends to you and affects you directly

Shouldn't we first extend 10 tx/sec limit before trying to bring millions ppl to Bitcoin? Shouldn't we first extend 10 tx/sec limit before trying to bring millions ppl to Bitcoin?

corebob



Offline



Activity: 238

Merit: 100







Full MemberActivity: 238Merit: 100 Re: Bitcoin at the US Senate November 10, 2013, 03:22:50 PM #11 Tell them they (the governments) made a huge mistake when they decoupled fiat from gold, and that bitcoin fixes that problem so that they can't do the same "mistake" again

Come-from-Beyond



Offline



Activity: 2128

Merit: 1009



Newbie







LegendaryActivity: 2128Merit: 1009Newbie Re: Bitcoin at the US Senate November 10, 2013, 04:30:47 PM #16 Quote from: HELP.org on November 10, 2013, 04:03:09 PM Quote from: Mike Hearn on November 10, 2013, 03:59:54 PM You can also post ideas here, of course. Although I think Patrick prefers to use the Foundation forum, I read both.



What are you trying to say? Are you trying to say the Foundation represents all of Bitcoin or just its members? You seem to want to sidestep this important issue with a vague reply. Sure, anyone can post anything anywhere but is the Foundation claiming to represent those interests of people who post here or just their members who pay?

What are you trying to say? Are you trying to say the Foundation represents all of Bitcoin or just its members? You seem to want to sidestep this important issue with a vague reply. Sure, anyone can post anything anywhere but is the Foundation claiming to represent those interests of people who post here or just their members who pay?

They don't even care about foundation members. The Foundation is a way to make rich its "founders". That was obvious from the day 1 when they violated their own by-laws. They don't even care about foundation members. The Foundation is a way to make rich its "founders". That was obvious from the day 1 when they violated their own by-laws.