Bitcoin Forum

Other => Beginners & Help => Topic started by: bronco on May 29, 2013, 04:11:04 PM



Title: Crooks from LibertyReserve
Post by: bronco on May 29, 2013, 04:11:04 PM
if they all run to bitcoins it spells trouble for coin. do you think? US gov is powerfull enough to make btc useless


Title: Re: Crooks from LibertyReserve
Post by: rhaddad on May 29, 2013, 04:30:31 PM
I've read that they've confirmed they don't "mind" bitcoin, as long as people pay taxes and don't facilitate illegal activity.


Title: Re: Crooks from LibertyReserve
Post by: sana8410 on May 29, 2013, 04:38:49 PM
I think they are trying to close all ways to  deposit fiat in mtgox.


Title: Re: Crooks from LibertyReserve
Post by: DeathAndTaxes on May 29, 2013, 04:42:16 PM
I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR.  It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky".  The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).


Title: Re: Crooks from LibertyReserve
Post by: escrow.ms on May 29, 2013, 04:46:01 PM
if they all run to bitcoins it spells trouble for coin. do you think? US gov is powerfull enough to make btc useless

They are coming, check different forums. BTC is their 1st choice after LR and do you think bitcoin is "white label currency"  ?

Check silkroad and other sites they are using it from a long time for illegal purpose.


Title: Re: Crooks from LibertyReserve
Post by: escrow.ms on May 29, 2013, 04:47:26 PM
I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR.  It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky".  The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).

Yeah true, HYIP guys don't want to use bitcoin because price is not stable and it's doesn't fits into HYIP structure.



Title: Re: Crooks from LibertyReserve
Post by: Portnoy on May 29, 2013, 05:00:28 PM
US gov is powerfull enough to make btc useless

Nonsense.  They may be able to lower its price ( temporarily ) by making it inconvenient to exchange to fiat but they can't do much else to it.
Look at how well they do with getting rid of the drug trade or file sharing...


Title: Re: Crooks from LibertyReserve
Post by: Atruk on May 29, 2013, 05:08:02 PM
I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR.  It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky".  The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).

Yeah true, HYIP guys don't want to use bitcoin because price is not stable and it's doesn't fits into HYIP structure.



That and Bitcoin HYIPs are so 2012


Title: Re: Crooks from LibertyReserve
Post by: JSMill on May 30, 2013, 02:45:04 PM
What is HYIP?


Title: Re: Crooks from LibertyReserve
Post by: escrow.ms on May 30, 2013, 02:48:22 PM
What is HYIP?

http://en.wikipedia.org/wiki/HYIP