Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: kelsey on May 04, 2016, 02:08:11 PM



Title: gov/regs already watered down btc?
Post by: kelsey on May 04, 2016, 02:08:11 PM
i've been in crypto many years but never have done fiat to crypto or vica versa.

here is australia tonight i was looking up places to go btc to fiat, found very few (seem btc interest waning here) and the ones i did find required this thing called verification.

whats with that  ???

kinda defeats half the purpose of btc in the first place.

have gov slowly snuck in to water down bitcoin usefulness as a p2p currency.

i see all these startups and blockchain bs companies.....btc kinda heading to the other side  :o


 :-[


Title: Re: gov/regs already watered down btc?
Post by: Kprawn on May 04, 2016, 03:05:13 PM
Australia took a bit of a downward trend, when some of your banks started to close accounts linked to Bitcoin exchanges. I know those business then took this to court and stated that it was

anti-competitive behaviour. I did not follow the whole story, but I think these companies won in the end. {Correct me if I am wrong} This might have put a bit of a dent into the adoption and the

distribution of Bitcoin, but I have picked up many positive stories since then. Please give us some more details and updates, if you followed these stories.  ::)

https://bitcointalk.org/index.php?topic=1460264.0