Bitcoin Forum

Maybe bitcoin is not that popular yet, but it is definitely deeply watched, there are two articles coming up today.

http://www.bloomberg.com/news/2013-01-28/bitcoin-s-gains-may-fuel-central-bank-concerns-chart-of-the-day.html

http://www.forbes.com/sites/jonmatonis/2013/01/28/government-ban-on-bitcoin-would-fail-miserably/

Seems a lot of people, significant or not, are watching the situation closely.

Bitcoin's is binary.

Money talks.

These articles are gonna be posted all over today  ::)

The use of language in the debate is important.

The ECB calls the bitcoin threat "reputational" whereas Professor Hanke, whom Bloomberg interviewed, correctly calls it a "competitive threat".
The established central banks, and regulatory agencies, may well begin a dirty war blaming bitcoin for many problems, e.g. money-laundering.

The bitcoin community should point out that "fiat currencies are being printed to destruction and inflation is a stealth tax on the savings of the hard-working public".

Yes, the Bitcoin Foundation should have their ducks in a row, because any moment now the phone's going to start ringing and it will be journalists asking for quotes.

that strategy is doomed to fail.  just look at the numerous articles out about major intl banks laundering billions.  dickheads.


+1

+21 000 000 BTC

Best response to a dullard reporter asking if bitcoin is being used for "money-laundering" ...

.... hmmmm, ahhh, meh.

is that all there ever is gonna be?

Well. Has anyone ever heard of the US$ or euro being used by money-launderers?

Bitcoin is very watched, I see articles popping up everyday.

People realize Bitcoin has TONS of potential, especially for beginning adopters.

That Forbes article is on target!


This, a thousand times over. If I hear from those insisting on "seeking compliance" about how "naive" the rest of us are one more time....

Also from that article:


Beautiful stuff.

Forbes usually have Jon Matonis writing about bitcoin, so Forbes magazine doesn't really count.

21 000 000 8 10^8 if you consider every satoshi.

what ever the banks or journalist have to say about finances i don't think i's going to be believed anymore. People are gonna look into it themselves and make up their own mind. Forbes writes an article like that to me it's a strengthening of the position of bit coin.

haha its just one story on bloomberg and the more exposure the better, thanks for the link much appreciated  :)

Comparing it to the alcolhol prohibition like Matonis does, doesn't make sense because it's not like Bitcoins are the only money available. The only advantage of Bitcoins to normal people is that in some cases it is more convenient and cheaper than using banks. That advantage can easily be taken away by banning money transfers to entities who buy or sell Bitcoins. Banks would probably be very happy to comply and report anyone they suspect of doing it. If the only way to buy and sell them is through Localbitcoin and similar sites, the barrier to entry will be too high for most people.

I don't agree, bitcoin is very different from any other money. And it doesn't need to be exchanged to work, once the bitcoin economy is big enough

Unfortunately that's just wishful thinking, which there is a lot of here. It makes it easy to find safe bets on the Bitcoin betting sites, though.

It's sure that it is deeply watched.

Money in offshore tax havens is somewhat difficult to deposit, and doesn't need to move very often, yet it still provides a very useful service. Bitcoin's "offshore tax heaven" status simply can't be beat, so at the least that will still continue.
There's also the issue that any ban on Bitcoin will be thought of as a stupid law that bans something that doesn't really hurt anyone (it's just digital internet tokens you can use on gambling sites or to buy internet services, what's the big deal?). As such, people will likely think the law is not fair, and will ignore it, just as they do with file sharing and downloading music/movies. The more laws like these that gets passed, the more everyone will become a criminal, and the less people will think of laws, since they're already breaking them, anyway.

Could you elaborate?

It was a reply to Gabi's reply to me. He didn't quote, so I didn't bother to do it either.

The hard part is obtaining them and making sure they can't be traced back to something illegal when you want to use them. The depositing bit is pretty easy. Buying Bitcoins doesn't really make the hard part easier.