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Title: We are getting thrown under the bus by our goverment Post by: mikewillz on June 08, 2011, 03:49:09 PM http://www.baltimoresun.com/business/sns-rt-us-financial-bitcoitre7573t3-20110608,0,1767151.story (http://www.baltimoresun.com/business/sns-rt-us-financial-bitcoitre7573t3-20110608,0,1767151.story)
While little information about Bitcoin exchanges is publicly available, an item posted on a website called Bitcoin Watch states that Mt. Gox's bank account is in Japan, and anecdotal evidence suggests many other exchanges operate outside of the US. Mt. Gox's website does not list a phone number, representatives could not be reached via email. It's getting ugly..and the Media sucks!! Title: Re: We are getting thrown under the bus by our goverment Post by: Durr on June 08, 2011, 03:54:38 PM Japan is a baby state of USA since WW2
If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk Title: Re: We are getting thrown under the bus by our goverment Post by: TraderTimm on June 08, 2011, 04:04:05 PM Japan is a baby state of USA since WW2 If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk 'The banks'? And how would they achieve this miracle, exactly? Last I checked 'the banks' don't have any influence over Mt. Gox. Worst case scenario, btc gets frozen and another exchange takes its place. That is the beauty of a system that doesn't rely on central control. After a while, we won't even *need* exchanges. Title: Re: We are getting thrown under the bus by our goverment Post by: benjamindees on June 08, 2011, 04:09:09 PM If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk So, less supply of BTC equals falling prices? (Oh no, whatever you do, don't throw me in the brar patch!) Title: Re: We are getting thrown under the bus by our goverment Post by: qikaifu on June 08, 2011, 04:29:47 PM Japan is a baby state of USA since WW2 If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk it's not risk, but opportunity. Title: Re: We are getting thrown under the bus by our goverment Post by: iCEBREAKER on June 08, 2011, 04:49:15 PM Japan is a baby state of USA since WW2 If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk Making bitcoins illegal will cause their price in dollars to increase, because they will become more scarce. Just with like with booze and other drugs. Plus everybody already knew about those since forever. The publicity surrounding the bitcoin craze/scare/controversy/crackdown will bring more attention to our solution for the situation. |