Main Area and Open Discussion > Living Room

Does anyone here use Bitcoins?

<< < (54/200) > >>

40hz:
There were regulations in place for US ATMs long before the Patriot Act.

The Patriot Act just added additional rules to the mix.  

And the restriction against ownership and operation by someone with a prior felony conviction also isn't too unusual. There's lots of things (some quite arbitrary IMO) that people with 'priors' aren't allowed to be involved with. Lottery ticket sales or being issued a liquor permit in my state for example.

So it's not all the Patriot Act. This has been going on for years.

app103:
"Bloomberg gave it an experimental ticker (XBT)" - Huh? Does anyone happen to know what "X" means there?
-Renegade (August 13, 2013, 12:26 PM)
--- End quote ---

The X probably stands for eXperimental.

Tinman57:
  He who controls the money controls the world, it's all about the bucks.  The U.S. wants to regulate it so they can open the door to taxation and manipulation of the market.....

Renegade:
"Bloomberg gave it an experimental ticker (XBT)" - Huh? Does anyone happen to know what "X" means there?
-Renegade (August 13, 2013, 12:26 PM)
--- End quote ---

The X probably stands for eXperimental.
-app103 (August 13, 2013, 07:08 PM)
--- End quote ---

It's a not-so-subtle "f*(& you, poser" to bitcoin.

https://en.wikipedia.org/wiki/ISO_4217

ISO 4217 includes codes not only for currencies, but also for precious metals (gold, silver, palladium and platinum; by definition expressed per one troy ounce, as compared to "1 USD") and certain other entities used in international finance, e.g. special drawing rights. There are also special codes allocated for testing purposes (XTS), and to indicate no currency transactions (XXX). These codes all begin with the letter "X". The precious metals use "X" plus the metal's chemical symbol; silver, for example, is XAG. ISO 3166 never assigns country codes beginning with "X", these codes being assigned for privately customized use only (reserved, never for official codes)—for instance, the ISO 3166-based NATO country codes (STANAG 1059, 9th edition) use "X" codes for imaginary exercise countries ranging from XXB for "Brownland" to XXR for "Redland", as well as for major commands such as XXE for SHAPE or XXS for SACLANT. Consequently, ISO 4217 can use "X" codes for non-country-specific currencies without risk of clashing with future country codes.

Supranational currencies, such as the East Caribbean dollar, the CFP franc, the CFA franc BEAC and the CFA franc BCEAO are normally also represented by codes beginning with an "X". The euro is represented by the code EUR (EU is included in the ISO 3166-1 reserved codes list to represent the European Union). The predecessor to the euro, the European Currency Unit (ECU), had the code XEU.
--- End quote ---

Now, you *could* pull something else out from there, but when the generally accepted code is BTC, nah... it's a slight.

Tinman57:

  Yep, once you get that big red x on your back, they want to make sure that you continue to fail until an act of self preservation puts you back in prison.  Then everyone wonders why so many cons wind up going back to prison.  But that is a debate for another thread.....

Navigation

[0] Message Index

[#] Next page

[*] Previous page