This is a disaster. A very sad day for the internet. We are entering into pastor Niemoller territory here: first they came for the file-sharing websites, next they came for the online gambling websites, and I would guess that Bitcoin is probably next in line, and following that, Magic: the Gathering online and the MMORPGs.
FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
201–210 of 402 posts
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#202Earlier quoted context omitted.
http://dictionary.reference.com/browse/currency 1. something that is used as a medium of exchange; money. 2.general acceptance; prevalence; vogue. 3. a time or period during which something is widely accepted and circulated. 4. the fact or quality of being widely accepted and circulated from person to person. 5. circulation, as of coin. Currrency can refer to physical money. But it also refers to gift cards, visa car…
If you looked at the actual laws the liberty dollar is cited as allegedly violating - http://www.law.cornell.edu/uscode/18/514.html and http://www.law.cornell.edu/uscode/18/486.html - you'll find it's quite specific about what is a problem; the former law makes illegal attempts to fraudulently pass off your currency a official US currency, and the latter makes it illegal to mint _metallic coins_ for use as current mo…
I can't imagine them being easily mistaken for real money, but I honestly can't see the Liberty Dollar as being mistaken either.
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#203While I'm not at all surprised to see this happening, I'm still astonished that the USA continues to try to stamp out gambling through legislation. I remember growing up being astonished at the number of references on USA TV shows to illegal gambling; I've never once come across it in the UK. I love cricket, but there's been a persistent series of match-fixing and spot-fixing allegations for years, almost exclusively…
The casino lobby would prefer that online gambling didn't exist. Therefore, since these online companies are not in the US and have no lobbyist money in play, they have no standing. Voter preference, individual rights, domain name sanctity, jurisdiction, shortsightedness with regard to keeping control of TLD's, futility of the fight, all have no bearing when uncontested lobby money wants something, and doubly so when…
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#204Has a bureau of the US federal government just claimed ultimate authority over the internet's domain name system? If this is the case, then obviously we have a very serious problem on our hands. This threatens the way the internet works at the infrastructure level. Clearly the US needs to be stripped of their root DNS server privileges.
This has been a criticism of ICANN since the very beginning of the internet. This has always been a serious problem, especially since ICANN was setup under the auspices of the Department of Commerce. And, i'd love to see your alternative proposal for who should run root DNS. Cause the US is nakedly political and partisan, but at least it's nakedly so. :\
But in ICANN's defence most people who participate in ICANN (remember it is a self selecting body) aren't happy about all the seizures either. I'm sure the mailing lists are going "full tilt" (pun intended) as we type.
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#205Earlier quoted context omitted.
There is no law prohibiting private currency. Disney Dollars: http://www.disneydollars.net/ BerkShares: http://www.businessweek.com/smallbiz/content/jul2007/sb20070... . Buy Local—With Town Currency Dollar alternatives, such as BerkShares in Massachusetts, are shoring up local economies by keeping money in the community Microsoft Points: http://www.xbox.com/en-US/Live/MicrosoftPoints Pittsboro Plenty: http://www.demo…
Nika, none of the issuers you mention will convert back into dollars. Its a one way street. Presumably they have set up agreements with people who will accept them an they have pre-negotiated a discount rate. Its like chucky cheese tokens, you can't turn them back into quarters so that you can play more video games.
According to recent California law, "a gift certificate with a cash value of less than ten dollars ($10) is redeemable in cash (not a new certificate or merchandise) for its cash value."
Disney dollars are generally available only in denominations of $10 or less, so they may actually be an incredibly-inconvenient cash equivalent in California.
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#206This is a disaster. A very sad day for the internet. We are entering into pastor Niemoller territory here: first they came for the file-sharing websites, next they came for the online gambling websites, and I would guess that Bitcoin is probably next in line, and following that, Magic: the Gathering online and the MMORPGs.
No. It's not a disaster. Just the end of the .com/.net/.org era. As soon as people realize that .com/.net/.org are not neutral, but under US jurisdication, they will move to other TLDs operated in countries with more liberal laws.
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#207For those that are skeptical, check the nameservers: http://network-tools.com/default.asp?prog=dnsrec&host=po... http://network-tools.com/default.asp?prog=dnsrec&host=fu... http://network-tools.com/default.asp?prog=dnsrec&host=ub... All of the domains point to nameservers at cirfu.net, which appears to be the FBI's Cyber Initiative and Resource Fusion Unit ( http://itlaw.wikia.com/wiki/Cyber_Initiative_and_Resource_F…
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#208This is a disaster. A very sad day for the internet. We are entering into pastor Niemoller territory here: first they came for the file-sharing websites, next they came for the online gambling websites, and I would guess that Bitcoin is probably next in line, and following that, Magic: the Gathering online and the MMORPGs.
Are you intentionally hyperbolizing, or do you honestly believe that the government will shut down MMORPGs? Further, I'd like to see some arguments to back up your assertion about Bitcoin. I disagree with domain seizures, but gambling sites do seem to be in violation of federal law, while Bitcoin seems to be in the clear, as it is simply a virtual good.
http://kotaku.com/#!5515459/south-korea-to-impose-overnight-...
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#209Earlier quoted context omitted.
I believe it is you who is wrong. Wikipedia's first sentence on 'currency' is this: In economics, currency refers to physical objects generally accepted as a medium of exchange. I don't claim to have the requisite knowledge on the argument at hand, so I won't speak to that, but it appears that the assertions you're arguing as fact are incorrect.
What the heck? That's exactly the same as what I said. Money is an object or record that serves as a medium of exchange.
You then list all the ways in which other forms of currency aren't currency, which is the point I disagree with. While I agree that a credit card isn't necessarily mapped to a tangible dollar figure, and that yes, it does refer to a line of credit, I disagree that it isn't considered currency on those grounds. Does a debit card more appropriately fit your definition, or is it disqualified because the actual dollars are elsewhere?
Regardless, I think all the relevant points have been made, and further quibbling on the point isn't likely to benefit anybody in particular, so I'll bow out.
Re: FBI seized PokerStars.com, FullTiltPoker.com, UB.com,... domain names
#210Earlier quoted context omitted.
http://dictionary.reference.com/browse/currency 1. something that is used as a medium of exchange; money. 2.general acceptance; prevalence; vogue. 3. a time or period during which something is widely accepted and circulated. 4. the fact or quality of being widely accepted and circulated from person to person. 5. circulation, as of coin. Currrency can refer to physical money. But it also refers to gift cards, visa car…
Please don't cite dictionary definitions. A dictionary will give you every possible meaning of the word, in any context. In the context of economics and law, currency is physical money. I think you are more interested in winning the argument than being correct.
edit: looks like he edited his comment while I was replying; his comment originally ended with, "I hoped your ilk would never find currency on this site, but I guess the day was going to come.", and was that way for at least 30 minutes before I replied.