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Title: E-gold bust relevant to bitcoins? Post by: thundertoe on June 06, 2011, 10:52:25 PM http://www.gambling911.com/businessfinancial/forfeiture-complaint-filed-against-accounts-maintained-e-gold-060611.html
anyone with some law knowledge care to comment. Title: Re: E-gold bust relevant to bitcoins? Post by: k on June 06, 2011, 10:56:34 PM bitcoin is not a company that can be put out of business
Title: Re: E-gold bust relevant to bitcoins? Post by: dissipate on June 06, 2011, 10:57:16 PM bitcoin is not a company that can be put out of business Yes, but the exchanges, which are an integral part of the Bitcoin economy can be. Title: Re: E-gold bust relevant to bitcoins? Post by: k on June 06, 2011, 11:03:13 PM true, but bitcoin it self could still survive.
US $ value may take a bit of a dive (temporarily), but I believe it could survive. And other exchanges/methods of exchange that would be more resilient would spring up eventually is my prediction. I trust in the amazing innovation and imagination of the network. Title: Re: E-gold bust relevant to bitcoins? Post by: SicKk on June 06, 2011, 11:07:21 PM bitcoin is not a company that can be put out of business Yes, but the exchanges, which are an integral part of the Bitcoin economy can be. never gonna happen, there is still Ukash , PaySafeCard and other companies where you can start working as an exchanger and the servers that you could use, don't have to be in a "illigal" legislation country. Title: Re: E-gold bust relevant to bitcoins? Post by: Jack of Diamonds on June 06, 2011, 11:14:21 PM bitcoin is not a company that can be put out of business Yes, but the exchanges, which are an integral part of the Bitcoin economy can be. Depends on the country. Russian sites for one, are notorious for hanging around for years. Only political favours or large payoffs from other countries will make the russian authorities give a shit about sites hosted in their country, legal or not (And BTC exchanges are currently legal). Many 'grey area' sites pay money to cops in these kind of nations so there is low incentive for interception |