Quote from: hazek on October 23, 2012, 10:44:02 AM

Quote from: Malophor on October 23, 2012, 08:45:01 AM

I didn't have to insist on anything. They were really professional. The person I was speaking with thought the question was really interesting and importnat to answer correctly. He asked me a lot of questions about who would use bitcoins, why, and what kind of a business model I was considering. I did need to explain how bitcoin was not a ponzi scheme and how that despite the lack intrinsic value people still assign them value.

Well I'm pretty sure you made a fallacious case for bitcoins legally speaking being something they are not and they happily bought it. Thanks for doing all of us this disservice of now having to fight an assumption by a mafia that has no basis in fact. You practically guaranteed that it'll also stay that way since the mere threat of violence under this false assumption will shut down most entrepreneurs who might have thought they needn't worry about regulations.

And if you think I'm being too harsh, you should think again. Legally speaking bitcoins are not defined what they are. Yes we pretend they are a currency and we call it a currency but legally speaking we don't know what they are. They might be speech for all we know, legally speaking. And I'm sorry but this kind of foolishness of asking a mafia for their opinion and then permission just irritates me to no end. If you really want to be some mafia's bitch, fine, be so on your own but don't drag the rest of us down with you.

I had a legitimate concern about a business proposition. I investigated it with the people responsible for enforcement of the law and got the answer. I'm simply sharing that question and answer back here with the community. I am just the messenger here. If you have a problem with that answer you can call FinCEN yourself.