How Difficult/Easy Is It To Sidestep Local Bitcoin Regulation?

Bungeebones

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Jan 31, 2014
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With the deadline for comments of the New York proposals fast approaching I just found out how stinking easy it is to sidestep just about anything they do about Bitcoin.

I was listening to a show about Bitcoin (http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-136-the-head-or-the-horse-1) where the announcer, Stephanie Muury was interviewing a representative from the company Coinapult. And during it, Stephanie asks them their opinion on the NY proposed regs. He said they already block New York residents because of the atmosphere here. Then he added that not only New York but the entire US is also blocked. To which Stephanie replied that she would have to check it out then using her VPN (Virtual Private Network). She had tried reaching the site and, sure enough, her IP was detected as being US based and she could not, therefore, register.

I had to brush up on what exactly a VPN was. A few Google searches later, a quick Bitcoin payment to a VPN provider and a few chats-with-tech-support latter I had a VPN too. And with it, I can get an IP from just about anywhere in the world I want. I chose to get one from London and again visited coinapult.com. This time I could register.

This leads me to believe that the most likely thing to happen from the New York regs is that the consumers that the regulators are aiming to "protect" will be blocked by the companies themselves (hmmm, might we consider that an even greater level of security provided consumers by Bitcoin businesses above and beyond what the government regulaors provide?). And those that don't want the government "protection" will only have to establish their own VPN, which after trying it, I thinkVPN is a great thing to use anyway what with all the NSA and other spying and hacking. The regulations might be the spark to start a renaissance of consumer privacy awareness and privacy seeking.

Amendment 4 - Search and Seizure. Ratified 12/15/1791.
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
 
PrivateInternetAccess is great. Pay with BTC and they never require personal info.

Just make sure you aren't using your VPN when logging into your credit cards or bank stuff. It throws red flags and might cause more problems for yourself than you'd like.

I would also be mindful of how you use the VPN. The NSA feels they have the jurisdiction to spy on people outside of the US, so keep your IP address within our borders is my advice. We know they are spying on everyone, but for now they are taking huge heat for that still. Which is good.
 
PrivateInternetAccess is great. Pay with BTC and they never require personal info.

Just make sure you aren't using your VPN when logging into your credit cards or bank stuff. It throws red flags and might cause more problems for yourself than you'd like.

I would also be mindful of how you use the VPN. The NSA feels they have the jurisdiction to spy on people outside of the US, so keep your IP address within our borders is my advice. We know they are spying on everyone, but for now they are taking huge heat for that still. Which is good.

Credit cards? Bank stuff? What's that? :-)
 
[h=1]Ben Lawsky: New York Can’t Risk Getting Bitcoin Regulation Wrong[/h]The New York Department of Financial Services (NYDFS) announced today it would extend the comment period for its proposed bitcoin regulations by 45 days, citing significant public interest in the rules as a key reason behind the decision.

http://www.coindesk.com/ben-lawsky-bitcoin-regulation/

HaHa He read this blog post and saw the writing on the wall! What an awesome forum this is!!!!!
 
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