AB-1326 Virtual Currency: California Assembly Committee on Banking and Finance
An act to add Division 11 (commencing with Section 26000) to the Financial Code, relating to virtual currency .
No sweat, banker bot can price AB-136. So the legislature sets up banker bot, called Flounder Bit. Flounder Bot accepts bids on LicenseCoins. LicenseCoins are the price of executing banker bot transactions, and they are sold on the open bot market by Flounder Bot.
So the typical situation is a group of free humans down load banker bot for their club, making a club currency. The new Club Bot then purchases a number of transaction permits from Flounder Bot. Works just fine. Humans who get high prices for the club currency will look at the club web site and discover that the California legislature is a bunch of crooks.
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