Community post
California Lawmaker Pulls Digital Currency Bill
This bill would have required a $5,000 license fee in order to use cryptocurrency.
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August 18, 2016
State lawmakers were poised to quickly jam through an amended version of a digital currency licensing bill with new provisions that were even worse than last year’s version.
As in the previous version, the bill required a “digital currency business” to get approval from the state before operating in California and also comply with regulations similar to those applicable to banks and money transmitters. The amended bill, however, was so carelessly drafted that it would have forced Bitcoin miners, video game makers, and even digital currency users to register with a state agency and be subject to the new regulations.
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Replies (7)
I am still learning about cryptocurrency , Bitcoin and mining... Wish they would make it easier
Stupid politicians! Always trying to take money of taxpayers.
I don't trust any bill the government puts forward. I would vote no on most of them. If anyone wants to see greed, all you have to do is look at the government. You really want to trust these people to run your lives? Some guy with a political science degree?
Yeah, it took me about 2-3 months to get 3 mining computers running. They are now running smoothly with 99% uptime. First I was running full nodes on each computer and that software would randomly crash. Now I mine on Nanopool and don't have to worry about having the entire blockchain stored on my computer.
Also, one of my computers kept on BSODing.
I was buying used video cards, and half of them would be dead on arrival. My recommendation is to buy brand new video cards. It's not worth the hassle and time.
Ron Paul was known as "Dr. No" because he voted no so often! (he's a doctor)
You sound like you know what your talking about
Ronny.. Love that guy.