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house Bill H.R. 6913

Should Congress Define Blockchain?

Argument in favor

Currently, Congress and the federal government lack a standard definition of blockchain technology upon which to base legislation. Given the increasing interest in blockchain, it’s important to establish an official definition. Additionally, it’d be beneficial for a working group to evaluate applications of blockchain technology for public and private sector uses.

SneakyPete's Opinion
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12/02/2018
Why Wouldn’t Congress Require The Blockchain Knowledge??? Congress and the federal government needs a standard definition of blockchain technology upon which to base legislation. Given the increasing interest in blockchain, it’s important to establish an official definition. Additionally, it’d be beneficial for a working group to evaluate applications of blockchain technology for public and private sector uses. SneakyPete..... 🤔🤔🤔👍🏻. 12*2*18..... SEE: https://blockgeeks.com/guides/what-is-blockchain-technology/
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Katstorm's Opinion
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12/02/2018
Yes, a clear definition should be in place upon which to base legislation. The need for a definition keeps legislation from being set outside those parameters and being left up to multiple Congress people with different views. A prime example for the need is our immigration laws. Our laws are currently so vague that the interpretation changes from one administration to the next.
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J. scott's Opinion
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12/14/2018
Yes I believe it’s important to know and understand blockchain and to have a standard federal definition. Moreover, it’s surprising but pleasing to me they chose exactly the right Department - The Department of Commerce — to lead the effort. Nevertheless, honestly I’m troubled and mistrustful that the legislation was introduced by a Republican and even more concerned and distrustful of this administration. Still I voted yes.
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Argument opposed

There’s no need for a federal working group to define blockchain technology. There are already efforts in Congress to define blockchain-related terms, and individual states have created their own definitions — which aren’t controversial enough to require a working group’s analysis.

Chickie's Opinion
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12/02/2018
The biggest red flag of this bill is that the FCC (with Ajit Pai at the helm), will have an impact and loud voice in establishing the definition. We already know that Pai benefited financially when he ended Net Neutrality. One example, Pai has profit sharing from his previous employer, Jenner & Block LLP. J&B represents cable, telecom, media, and technology companies in a wide variety of matters; including litigation, proceedings before regulatory agencies and transactions. While he worked at J&B, Pai represented communication firms; firms that also benefited from the removal of Net Neutrality. Pai continues to have strong and active ties to J&B, including with his former boss, Samuel Feder. Feder himself once worked at the FCC as head counsel. No coincidence that Pai’s resume and financial conflicts very much mirrors the Bozo who appointed him, #45.
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libertyLOL's Opinion
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12/02/2018
lol, the technology illiterates in Congress that displayed their ignorance during the Facebook testimony? No thanks. Typically, when Congress does anything, they allow the industry lobbyists to write things that benefit them, not us.
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CommonSensePlease's Opinion
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12/02/2018
Let the industry define what it O does. Running this thru congress will only get lobbyists involved. We know how that works out somebody in congress gets rich and either we or the industry gets screwed.mllI’mkokoo Ok
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    Why Wouldn’t Congress Require The Blockchain Knowledge??? Congress and the federal government needs a standard definition of blockchain technology upon which to base legislation. Given the increasing interest in blockchain, it’s important to establish an official definition. Additionally, it’d be beneficial for a working group to evaluate applications of blockchain technology for public and private sector uses. SneakyPete..... 🤔🤔🤔👍🏻. 12*2*18..... SEE: https://blockgeeks.com/guides/what-is-blockchain-technology/
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    The biggest red flag of this bill is that the FCC (with Ajit Pai at the helm), will have an impact and loud voice in establishing the definition. We already know that Pai benefited financially when he ended Net Neutrality. One example, Pai has profit sharing from his previous employer, Jenner & Block LLP. J&B represents cable, telecom, media, and technology companies in a wide variety of matters; including litigation, proceedings before regulatory agencies and transactions. While he worked at J&B, Pai represented communication firms; firms that also benefited from the removal of Net Neutrality. Pai continues to have strong and active ties to J&B, including with his former boss, Samuel Feder. Feder himself once worked at the FCC as head counsel. No coincidence that Pai’s resume and financial conflicts very much mirrors the Bozo who appointed him, #45.
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    lol, the technology illiterates in Congress that displayed their ignorance during the Facebook testimony? No thanks. Typically, when Congress does anything, they allow the industry lobbyists to write things that benefit them, not us.
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    Let the industry define what it O does. Running this thru congress will only get lobbyists involved. We know how that works out somebody in congress gets rich and either we or the industry gets screwed.mllI’mkokoo Ok
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    I’m sure the government could find an independent group or person who is expert in this to write the definition so the congress can understand it. This tech is moving way to fast for them to keep up with and a “working group” is akin to how the R wrote the tax scam. Lobbyists all adding their bit to come up with the legislation rather than being of any help to the country or the constituents
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    I wouldn’t trust Congress to define WiFi let alone blockchain.
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    Ajit Pai and the FCC he leads doesn't need any more lasting influence over the future of technology in the United States
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    Blockchain has been doing perfect on the private sector without much government interference, why solve a problem we don't have? The industry went from a small one to very significant on its own, let's not mess that up.
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    Congress couldn’t spell blockchain, let alone ‘define’ it.
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    Congress did not understand that Facebook made money from advertising. I don’t think they can understand let alone define blockchains mathematical algorithms.
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    Followed.by a bill to define WiFi and USB-C. Seriously?
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    Yes, a clear definition should be in place upon which to base legislation. The need for a definition keeps legislation from being set outside those parameters and being left up to multiple Congress people with different views. A prime example for the need is our immigration laws. Our laws are currently so vague that the interpretation changes from one administration to the next.
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    The industry is still evolving. Don’t damper it yet.
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    Congress is not qualified to define blockchain or any emerging technology, and in any case, doing so is an overreach of government regulation.
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    The Government SHOULD, study, understand and evaluate Blockchain as a security, privacy and commerce vehicle. The Government should NEVER “define” a sector or industry.
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    Congress couldn’t define a paper bag.
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    They should define its use within government activities, but it is fully defined and in use in the real world, so why have a group of people that don’t fully understand what it is or does ‘define’ it. Would we want Congress to define medical procedures? Absolutely not, as we have experts to do that. So let’s leave the definition of blockchain to the experts.
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    There's not enough known for amateurs in Congress to make intelligent decisions about how this technology progresses. The promise of blockchain technology is an open and uncorruptable information platform.
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    It's not a mystery and already defined.
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    Maybe Congress should figure out some simple things first, like how to feed the 16 million children in this country who are food insufficient or house the thousand of homeless vets! After that they can move on to something more complex like common sense immigration and gun laws. I think this is above their pay grade! Leave it to the states!
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