They have to be up to something...

Yes, I'm sure EVERY user of bitcoin will be MORE than willing to comply :D

hmm.. Bitcoin + Private trust + off-shore-shelf-corp + Caribbean bank...

Jason, I am sure there will be OTHER banks ready to supply the service. :D

Bitcoin ?....PIERRE DAOUST dosen't have one of these bitfuckingcoins :P

Bitfuckingcoins ?? !! :-o

I have a fraction of a bitcoin...

You don't get it, Jason ? :(

"Prohibits banks from opening accounts for Bitcoin entities if unregistered" WHO the fuck would have this crazy idea of going to a fucking bank to deposit BITCOIN ? :D

Ok, ok.....two things here... 1). I haven't grasp at all what's crypto-currency. 2). Government haven't grasp at all what's crypto-currency. :D

The general public IS that stupid Pete.

I can just see the line up in the banks now.

Ok, but how the fuck someone would have 1000 bitcoin, and be that stupid ? :/

"Yes sir. I would like you to control this thing I value AND I want to give you a cut for doing so. Oh, and I definitely want ALL your silly ass "laws" to apply."

The general public don't even have CAD currencies in their bank account, forget about Bitcoin !! :/ And those who have bitcoin, already have a fucking bank.....the WALLET is their fucking bank, well, two wallets and here's the bank, and my wallet :D

I hear you Pete. You are probably right. The masses don't even know what it is, but that didn't stop them from using legal tender.

There goes the neighborhood

"the WALLET is their fucking bank" just an address...

HAHA :D

Sorry...just don't seem to be able to give this a "Likes up". I always say that when BIG BROTHER wants to regulate something or change its rules then it must be pretty fucking good if they want to keep it away from folks and give it to their PERSON instead.

Bitcoin takes a shitload of power away from them...

That's the thing, David-Paul Sip, the person named PIERRE DAOUST has NOTHING to do with crypto-currency.... And if SFC inc buy and sell stuff with bitcoin, and NEVER transform these bitcoins in CAD, how the fuck can it affect anything ? :D

Gilles, the Man, has millions of whatever the crypto-currencies :D But PIERRE DAOUST, the person, has not seen one yet :P

If the global economy is like a "closed-looped-network" or like a circuit. Everything is controlled with inflows and outflows, or accounting. Currently, the entire monetary system is managed by a few organizations. Bitcoin completely disrupts that flow, call it a short circuit. But, the short-circuit can possibly destroy the entire fiat monetary system. Governments, use monetary policy or commerce to regulate everything, the accounting...

You are just taking the Accounting away from them...

Correct Pete :D My post was not communicated accurately. Jason Moreland summed it up nicely. When it is not within their jurisdiction or control then it is a threat to their racket. Legislating Bitcoin gives the appearance of acceptance/legitimacy in the people's eyes. Too bad they are too blind to see that what the government appears to give to the PERSON with the hand of legislation they already plan to take away with the other.

You never needed a bank account to have bitcoins to date... why would you now? Who would even bother?

http://i.imgur.com/BDz06oM.gif

I have a wallet with a fraction of a coin. I let that miner run for a week.

A common tactic of Govs is implementation of "seemingly" harmless legislation to later jack it up to the Nth degree. I call this the "foot in the door" tactic. We scoff at what seems to be bewildering stupidity but WHAT is up their sleeve? The goal is to "take a cut" via control. Can we predict the next stages for this plan of attack? I must agree though, the "general public" don't grasp WHY crypto-currencies were invented. They have no idea this is WAR.

the "foot in the door" tactic !! :D

Here, it's "the "foot OUT the door" tactic :D HAHAHAHAHA!!!!!

Person out of the door...

It's pleasurable to think the Canadian Gov's attempts will have no effect and they have a foot in the grave, not the door.

What a stupid waste of time by a fucking inept administration. Same as the Australian government who flag every transaction made with Australian dollars through any international crypto-currency exchanges. No points for guessing what happens when a centralized command and control centre tries to take on a decentralized currency.

I wonder if this might also be a tactic for government to find out who is accepting bitcoins for services with their business. Perhaps they will start getting people to rat out on those businesses and then the government will start targeting them for whatever shit they can throw at them. Perhaps to dissuade people from using them..... Just a thought.

Yes but, currency exchange is LEGAL :-P