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      "body": "Congratulations @rozu15! You have received a personal award!\n\n[![](https://steemitimages.com/70x70/http://steemitboard.com/@rozu15/birthday2.png)](http://steemitboard.com/@rozu15)  2 Years on Steemit\n<sub>_Click on the badge to view your Board of Honor._</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n[SteemitBoard World Cup Contest - The results, the winners and the prizes](https://steemit.com/steemitboard/@steemitboard/steemitboard-world-cup-contest-the-results-and-prizes)\n\n> Do you like [SteemitBoard's project](https://steemit.com/@steemitboard)? Then **[Vote for its witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1)** and **get one more award**!",
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      "body": "Good thoughts",
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      "body": "Beautiful post",
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      "body": "Great article",
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      "body": "Perfectly!",
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      "body": "Excellent",
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      "body": "Thanks for the good article",
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      "body": "Great article",
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      "body": "Excellent",
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      "body": "Good article",
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      "author": "spypuninun",
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      "body": "Beautiful post",
      "json_metadata": "{\"tags\":[\"bitcoin\"],\"app\":\"steemit/0.1\"}"
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      "body": "Well written",
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      "permlink": "bitcoin-not-real-money-says-miami-judge-in-closely-watched-ruling",
      "title": "Bitcoin 'not real money' says Miami judge in closely watched ruling",
      "body": "A Miami court judge has sent ripples through the cryptocurrency community in a ruling in which she said bitcoin was not real money.\n\nDefendant Michel Espinoza was on trial for illegally transmitting and laundering $1,500 worth of bitcoins to undercover agents who intended to use them to purchase stolen credit cards.\n\nHis attorney argued that the charges should be dismissed because, under Florida state law, the cyber-currency could not be considered money. After extended deliberation, Judge Teresa Mary Pooler agreed in a ruling issued on Monday.\n\n\nCraig Wright U-turns on pledge to provide evidence he invented bitcoin\n Read more\n“This court is not an expert in economics,” Pooler wrote in her ruling. “However, it is very clear, even to someone with limited knowledge in the area, that bitcoin has a long way to go before it is equivalent of money.”\n\nShe proceeded to dismiss all three counts against the defendant.\n\nDue to the severe lack of jurisprudence and ambiguous regulations surrounding bitcoin, Espinoza’s case has been a focus of interest for the virtual currency community but the ramifications remain unclear.\n\nBitcoin is a virtual currency that allows its users to exchange value online and that can allow the source, or recipient, of the funds to remain anonymous. As it’s grown in popularity among netizens, and libertarians who distrust the central banking system, it has also gained a reputation for use in nefarious transactions.\n\nCharles Evans, associate professor of finance and economics at Barry University, has studied virtual currencies extensively. He was hired as an expert witness by the defense in Espinoza’s case, where he testified that bitcoin is not money.\n\n“Today is a good day,” Evans said. “The battle isn’t finished but at this particular moment we should all take our victories where we can take them and this counts as a victory.”\n\nAdvertisement\n\nEvans said bitcoin users in Florida would now have an easier time sending bitcoin as remittances with fewer regulatory hurdles, as a result of this ruling. Individual users will not be considered money transmitters and they are free to purchase bitcoin using real money.\n\nBut Judith Alison Lee, a partner at the Gibson Dunn law firm who has written on virtual currency regulations in the US, said the judge’s ruling was counter to the direction federal regulators were headed.\n\n“This decision by the judge is flat-right inconsistent with what the feds are doing,” Lee said. “It is surprising.”\n\nThe case’s ramifications, however, may be limited due to the small jurisdiction of the court, she added.\n\nEspinoza’s money-laundering charges were also dismissed in the case, but more due to the circumstance of his arrest. Undercover detectives bought bitcoin from Espinoza after informing him they intended to use the virtual currency to purchase stolen credit card numbers. The judge found that this did not equate to laundering. “There is unquestionably no evidence that the defendant did anything wrong, other than sell his bitcoin to an investigator who wanted to make a case.”\n\nBrian Klein, a partner at the Baker Marquart law firm in California who works on financial technology cases, said the case could have wider ramifications.\n\n“The judge got it right,” he said. “Florida law enforcement overreached in charging Espinoza as it did. This decision will reverberate throughout the country and hopefully cause federal and state prosecutors to think twice before pursuing similar criminal charges.”\n\nThe case is one of very few court rulings on bitcoin and there were no regulations whatsoever in Florida before this case, which Judge Pooler noted in her ruling.\n\nAdvertisement\n\n“The Florida legislature may choose to adopt statutes regulating virtual currency in the future,” Pooler wrote. “At this time, however, attempting to fit the sale of bitcoin into a statutory scheme regulating money services business is like fitting a square peg in a round hole.”\n\nRegulators have been grappling with how to address bitcoin as more Americans adopt it. Many financial regulations operate at the state level. New York has been the most aggressive state in tackling bitcoin, introducing a BitLicense which provides a framework for bitcoin businesses.\n\nAt the federal level, FinCEN, the agency within the treasury department that handles crime, has been aggressively trying to clamp down on illegal activity using bitcoin. The Internal Revenue Service taxes bitcoin as intangible personal property, not currency.",
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      "permlink": "rimbit-is-a-crypto-currency-and-the-only-crypto-that-is-not-tied-down-to-the-manipulation-of-mining-companies-farms-hardware",
      "title": "Rimbit is a Crypto Currency and the only Crypto that is not tied down to the manipulation of Mining companies/farms/hardware",
      "body": "After 2 years of testing and distribution, we are now looking to find a distributor/s for Rimbit who have the userbase and the facilities to act as primary distribution channels.\n\nRimbit is a Crypto Currency and the only Crypto that is not tied down to the manipulation of Mining companies/farms/hardware\n\nRimbit is 100% complete and there is no additional coins that have to be mined, making it stable as a Crypto Currency, regardless of the mining markets and other additional influences.\n Currently, Rimbit is transferred between users via PC wallets and Android Device wallets.\n\nOur only current issue is that our distribution channels are extremely slow and by increasing the distribution and also being endorsed by some major distribution outlets, we can not only move Rimbit to the people at an expedited rate, but we can also increase its value from $0.015 to a goal of $3.00, if history of the Crypto Currency market is an indication of what endorsements can achieve.\n\nAs part of "chasing down Banks and or other financial institutions", we welcome an individual or group that has the right connections or the stamina to make deals happen, in return for a 10% broker reward when the deal is done\n\nWith over 200,000,000 Rimbit available, any deal established should be extremely rewarding to the Buyer, Broker, User-base and of course the Rimbit development team!\n\nWe envisage these lots to be purchased by Banks or similar, around the world to add to products that can be offered by these distribution companies, with the addition of “Accounts” being setup to handle the Crypto Currency in a secure environment for customers, much like current online Banking Accounts.\n\nEverything is in place and over 2 years of trading has occurred with Rimbit and in not 1 solitary instance, has Rimbit been affected by “mining” which we have completely removed from the system, that is the current burden of all other Crypto Currency on the market.\n\nAll Verification's and Confirmations of transactions are done simply by the users of Rimbit, from their wallets, unlike all other Crypto Currencies, that relies on the “miners” to process verification and confirmations, thereby being in direct control of the transfer speeds, distribution outlets and of course the ability to set a selling price as they dictate.\n\nThis makes Rimbit very unique in the market with no control of the currency, ever being in the hands of 3rd party actors.\n\nThis in no way impacts current Rimbit holders and in fact, should increase their investment by many 100’s of percent!\n\nMore information about Rimbit can be found here: www.rimbit.com",
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