Bitcoin Forum

http://www.telegraph.co.uk/finance/currency/10210022/Bitcoins-banned-in-Thailand.html#disqus_thread (http://www.telegraph.co.uk/finance/currency/10210022/Bitcoins-banned-in-Thailand.html#disqus_thread)

This cant be good news for the price!

Yes, government bannings have always resulted in reduced prices!

...if only.

I wasn't aware of any country that has banned Bitcoins before!?

Not so straightforward as that. I had some earlier thoughts on this subject: https://bitcointalk.org/index.php?topic=211507.msg2220457#msg2220457

When did Bitcoin become sentient and able to give presentations to banks? And when did it get its own website?

I took that to mean the Bitcoin Foundation... just assuming, though.

I don't see how they can ban jack squat unless they banned their whole Internet too

I heard they banned prostitution too.

I especially like how they are presenting this: "due to lack of existing applicable laws, the following Bitcoin activities are illegal". Can be extended to anything: "due to lack of existing applicable laws, breathing is illegal".

I took it to mean that the journalist replaced 'Bitcoin Co. Ltd' with just 'Bitcoin', which could be quite misleading to the uninformed reader.

The entity in question is some Thai company called "Bitcoin Co., Ltd". Apparently they operate (or, well, used to operate) a currency exchange.

Whoever wrote the article was either pretty confused, or didn't realize that conflating Bitcoin as a whole with this Thai currency exchange would be pretty confusing to readers.

Yes, i took it to mean that too. But a misleading article nonetheless.

http://arstechnica.com/tech-policy/2013/07/thailand-bans-using-bitcoin-in-any-way-local-startup-reports/ (http://arstechnica.com/tech-policy/2013/07/thailand-bans-using-bitcoin-in-any-way-local-startup-reports/)

This clears it up a bit!

Agreed - My impression was that whoever wrote the article was in a rush to publish the sensationalist news, and didn't want to waste time making sure they got their facts straight.

To be fair though, if this does turn out to be true, it doesn't make much difference who gave the presentation to the bank. And I'll be very dissapointed in Thailand being the first country to ban cryptocurrency outright.

Also, if Goat is to be believed, the guys that "Bitcoin Co Ltd" met with aren't even officers of the law - they're just some high-level bankers who gave their opinion that bitcoins were probably illegal. So even the "Bitcoin illegal in Thailand" part has a good chance of being misleading.

I highly trust Goat, so I know what side of the argument I'm on...

oh, but it is!

Next headline will read " NO ONE CARES, THERE IS NO STOPPING BTC, AHHHHHHHH BUY BUY  BUY! "

or somthing to that effect...

US bans cocaine, price plummets...O WAIT.

Thailand hasn't banned Bitcoin -- it's just said that there are no laws governing it, and so therefore it is illegal. Many bureaucratic countries operate on this principle.

Big fail on the part of Bitcoin co, ltd for getting themselves into this situation, and then messing up the communications at the end of it.

implosion the value goes to -100

They may just be trying to avoid confusion.

en.wikipedia.org/wiki/฿

It's not but it is *slightly* ironic that it happens *this* way, considering there was a insufferable amount of Bitcoiners shilling for overtaking the Bhat symbol.

perhaps one day we can collectively buy it from them

You can't.
http://en.wikipedia.org/wiki/International_Standards_Organization

perhaps one day we can buy thailand and install Bitcoin as the country's standard currency?

Feeling a bit fascist today?
Protip: There will be guns.

This is what I was thinking.  I could care less what a few bankers have to say about something that is going to ruin their fun.

Also this-