Bitcoin Forum

Also, will this slow down or fasten the abolishment of all government?

Will Thais take to the street and remove the statists in a crypto-anarcho-revolution?

What does this mean for the pricing of send-order-waifus and underage sex slaves?

Fucks sake my day keeps getting better

really? source?

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/

https://bitcointalk.org/index.php?topic=264203.0

For small countries, bitcoin is a big threat. But for big countries like the US, btc has little impact on the legal tender. So I think there is little policy risk in a short run.

do countries use other countries' 'legal' decisions as precedence?

As long as holding and trading BTC doesn't become a criminal offence, I doubt we have to worry about this.
Oops, it appears that's what the Thai have done. Insane for the common BTC holders IMO. Possibly related to their opium / heroin trading.

How about the opposite happening?

I, for one, now say that I will boycott Thailand in my next Asian vacation, and that I will now spend my money in neighboring Cambodia or Burma. I'm sorry for the Thai people, but let's think about the opportunities for the neighbors.

Good luck enforcing this one ;)

It is reasonable, southeast aisan countries had a grave memory about the Soros's raid in 1997, crashed all their currency and stock market and robbed large part of their wealth accumulated in 10 years. Now they are very careful about any financial related uncertainty

lol I didn't know soros pwned Asia too at some point

Oh my gosh... this is... not... good.

or....true....

^lol

Soros likes to f*ck anything Asian.

not trying to get them in trouble but I ordered from here a month ago with btc and they still list it...
http://www.siam-secrets-store.com/

so who knows what's really real on the streets over there

This is a valid point. The float of bitcoin already has surpassed the M0 money supply of many smaller nations ... https://bitcointalk.org/index.php?topic=154954.0

If I was a central banker for a "Parity Watch" country I would be considering either adopting parallel currency tender laws to encourage bitcoin circulation or banning it altogether (whilst recognising ultimate futility)

... do you see anybody lining up to buy Burkina Faso Burkinabe CFA Francs before bitcoins?

Didn't we already clear this up yesterday?

So much noise, so little signal, i'm slowly dying inside.

I am not sure about it. One thing is sure that any government does not want to lose their power of issuing currency. Big countries do not have to worry about it now.

People need to get back to precious metals. If they dont have those, switch back to the Barter system. Oh wait, then the Gov's have a hard time Taxing your hard earned money.
Whats needed (IMO) is a Credit system THAT IS TIED TO LIMITED PRECIOUS VALUBLES. If there is no limit on "how much is out there" then eventually majority of currencies will suffer Inflation.

Fuck, a chocolate bar already costs 40% more than what I remember it costing as a kid, And my rent has also gone up $400 since i started living here
While on the other hand, Bitcoin value just keeps going up.
So whats the problem? The Gov's cant Issue bitcoins.

No, most countries don't even care what the UN says much less what some other country says

Soros likes to fuck anything that will make him tens of millions of dollars

Sure!

You can't give much money or much power to someone who can't handle that.
The consequences would be catastrophic.

Anyway, I hope Thailand is the first and the last country where bitcoins are illegal.

It is a canard, you don't have to hope Thailand is the "first" one. Haha.

Thread title is incorrect.  Bitcoin is not illegal in Thailand.  It is just a pile of FUD.

I doubt the domino effect would trigger from thailand, lol..

probably usa

I dont worry much about Thailand,,,,

Bitcoin is legal in Sweden and according to the Swedish SEC (finansinspektionen) it is to be classified as a "means of payment" (i guess currency).

Sweden is a part of the European union and hopefully the EU has reached a consensus on the issue and than Bitcoin is here to stay.

/GoK

Believe me that only reason they will accept BTC officialy for is just to rob you (read: taxes on it).

US i guess , Bo is a dictator

Argentina. (http://"http://www.coindesk.com/why-bitcoins-are-60-more-expensive-in-argentina-than-the-us/")

Asian countries are pegged to the dollar (that's how the Americain Empire has been really built according to John Perkins one of the first Economics Hitman recruited by the NSA http://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man)

So it is understandable that they had been pressure to prevent virtual currency to compete with the dollar there.

US is next