11–20 of 62 posts
It sounds like they are voluntarily suspending service until this is sorted out. Virginia has given them 30 days to explain why they think this doesn't apply to them.
It would be "voluntarily" if their customers did not like their affairs and they risked losing customers. And customers are never going to put a gun to your head. They just go away.
This is a pretty bad headline. First off, there should be a article in there, like "A Bitcoin service". Secondly, the service appears to have been shutdown to protect the owners/operators of the site from further legal action. They are not being forced to close. The state thinks they need a license and they think they don't. Instead of risking jail time on the possibility they don't need a license, they are taking th…
> They are not being forced to close. They were told they "must" close by the state. I'm not sure how anyone can construe that as voluntary.
This is a pretty bad headline. First off, there should be a article in there, like "A Bitcoin service". Secondly, the service appears to have been shutdown to protect the owners/operators of the site from further legal action. They are not being forced to close. The state thinks they need a license and they think they don't. Instead of risking jail time on the possibility they don't need a license, they are taking th…
"They are not being forced to close." "Instead of risking jail time (...)" I see some contradiction in here. If you feel a threat of violence upon you, isn't it very definition of "being forced"?
Earlier quoted context omitted.
> They are not being forced to close. They were told they "must" close by the state. I'm not sure how anyone can construe that as voluntary.
They were told they must stop if they are not exempt. The companies position is that they are exempt. They have chosen not to gamble that the commonwealth will rule in their favor during the appeal; however, that is their choice and they could have continued to operate.
Do you think you pay taxes "voluntarily" also?
one unlicensed money transmitter is being suspended, not all bitcoin services and not the entire state of VA.
The state of VA is making the argument that bitcoin services are money transmitters, so it seems like they'll go after everyone in the state.
If you accept bitcoins for your dog-walking service, there doesn't seem to be any new regulation.
Earlier quoted context omitted.
"They are not being forced to close." "Instead of risking jail time (...)" I see some contradiction in here. If you feel a threat of violence upon you, isn't it very definition of "being forced"?
The operators of the site believe that they are in the right. If they were 100% confident of this they could continue to operate. They are not 100% confident so they are shutting down to make sure what they are doing isn't illegal. They are not being threatened with violence by the state anymore than any other law abiding citizen. They have simply been informed that what they are doing may be illegal and are adjustin…
You don't discuss with the state. You can have your input, but you are totally dependent on existing powers that allow you some freedom and some voice. That's why you have no problem arguing with private companies and having them listen to you, but everyone avoids state courts as much as possible (in majority of cases courts are used as a threat, not as a real dispute resolution mechanism).
It sounds like they are voluntarily suspending service until this is sorted out. Virginia has given them 30 days to explain why they think this doesn't apply to them.
"Voluntarily"? They feel the risk of their property being seized and owners brought to court. It would be "voluntarily" if their customers did not like their affairs and they risked losing customers. And customers are never going to put a gun to your head. They just go away.
| They feel the risk of their property being
| seized and owners brought to court.
Earlier quoted context omitted.
"Voluntarily"? They feel the risk of their property being seized and owners brought to court. It would be "voluntarily" if their customers did not like their affairs and they risked losing customers. And customers are never going to put a gun to your head. They just go away.
| They feel the risk of their property being | seized and owners brought to court. It sounds more like they are already at risk of this. Voluntarily suspending operation until things are sorted out, is more of a show of good faith that they are willing to play ball and sort things out.
Earlier quoted context omitted.
"Voluntarily"? They feel the risk of their property being seized and owners brought to court. It would be "voluntarily" if their customers did not like their affairs and they risked losing customers. And customers are never going to put a gun to your head. They just go away.
| They feel the risk of their property being | seized and owners brought to court. It sounds more like they are already at risk of this. Voluntarily suspending operation until things are sorted out, is more of a show of good faith that they are willing to play ball and sort things out.
Something is voluntary only if there's no threat of force behind it.
Voluntary: acting or done without compulsion or obligation.