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Offline Erlich Bachman

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Obamatrade has legitimized blockchain tech - oh happy day!
« on: July 03, 2015, 01:48:07 PM »

https://www.youtube.com/watch?v=yqT9Wj6dHy8

The financial sector is finally free from government regulation! 

The passage of “Obamatrade” means that participating governments are now bound by law to only create laws that loosen regulation against corporations.  No new restrictions can legally be passed by the government against the financial sector.  It's a crazy new law, but it is about to be legal.

This means that banks can continue rigging markets and fabricating balance sheets and using whatever exotic technical tools they have at their disposal, including blockchain technology of course.  The Glass Steagall, or any other regulatory bill that would constrict the banking sector is not only off the table;  It's illegal: 

http://archive.larouchepac.com/node/27883

Citibank is already implementing blockchain technology knowing that the government can no longer pass new constrictive regulation on their business:

http://www.ibtimes.co.uk/codename-citicoin-banking-giant-built-three-internal-blockchains-test-bitcoin-technology-1508759

State and local organizations are free to implement laws such as New York's BitLicense, that will guarantee that their constituents don't get to participate in the bounty of new green shoot jobs springing up in the open source tech industry, however, the federal government has agreed to take their regulatory hands off the financial industry allowing its citizens access to the most cutting edge high tech industrial jobs in the world.  Thank you, Mr. President, for finally deregulating commercial industry.  Your likeness will be eternally preserved next to the legendary Mr. Nakamoto.

Now, the only people standing in the way of crypto in the USA are state and local legislators.
« Last Edit: July 03, 2015, 01:52:42 PM by Erlich Bachman »
You own the network, but who pays for development?

Offline donkeypong

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Re: Obamatrade has legitimized blockchain tech - oh happy day!
« Reply #1 on: July 03, 2015, 02:50:05 PM »
I hope this post is a joke, because you can't possibly be that naive. The law says nothing of this sort.

Offline luckybit

Re: Obamatrade has legitimized blockchain tech - oh happy day!
« Reply #2 on: July 03, 2015, 04:55:29 PM »
I hope this post is a joke, because you can't possibly be that naive. The law says nothing of this sort.

https://www.youtube.com/watch?v=4-mqnunNdns

http://obamatrade.com/
« Last Edit: July 03, 2015, 04:57:17 PM by luckybit »
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Offline VoR0220

Re: Obamatrade has legitimized blockchain tech - oh happy day!
« Reply #3 on: July 04, 2015, 09:21:43 AM »
hmmmm....interesting articles....I hadn't viewed the trade that way.....but if it is true (I haven't taken the time to read the wikileaks articles), then hell if I care...our savior has been here for about 6 years now. The blockchain cannot be beaten, least not easily :) bring it, bitches.
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Offline donkeypong

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Re: Obamatrade has legitimized blockchain tech - oh happy day!
« Reply #4 on: July 04, 2015, 04:48:01 PM »
http://ourfuture.org/20130523/tpp-a-deregulation-treaty-not-a-trade-treaty

It's a deregulation treaty making it illegal for the government to pass more restrictive regulation.  They can only de-regulate from now on.  It's a perverse law without precedent, and it has unintended consequences such as making it more difficult now to pass restrictive financial service sector federal regulation such as that which would be associated with ledger based technology.  The more that private ledgers are integrated into the existing banking system looking for a cut of the remittance markets, the harder it is going to be for the government to get more of a cut on the banks' profits generated by this new technology.

I'm sure that they will try to have their cake and eat it too, but it has just become more difficult for them to do so, and by the time it takes for them to figure this out, the industry is going to be light years ahead.

Look, I don't like it any more than you do (though credit to you for seeing some silver lining). But to read it that way is ridiculous. Of course it's friendly to big business, but none of the sources you cited made the claims you did.

Offline marcosluna

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Re: Obamatrade has legitimized blockchain tech - oh happy day!
« Reply #5 on: July 13, 2015, 07:21:05 PM »
Excelent new! Thanks for the info.

 

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