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Title: BTC based Stock Exchange Crackdown Starting? Post by: prophetx on October 10, 2013, 10:42:21 PM First there was BTCTC last month, now it is BitFunder (only stopping US business)... who is next? Anyone have a list of the various exchanges?
News 23-09-13: BTC-TC a leading exchange has announced that they will shut down http://thegenesisblock.com/btc-trading-corp-shutters-operations-cites-regulatory-environment/ News 08-10-13:BitFunder No Longer Available to US entities https://bitcointalk.org/index.php?topic=292384.msg3316080#msg3316080 Title: Re: BTC based Stock Exchange Crackdown Starting? Post by: dragonkid on October 10, 2013, 10:52:09 PM If you have been reading Reddit /bitcoin you will know that a lot of big banks are closing any business that are related to Bitcoin, including exchanges.
Some of the blacklist banks: HSBC, Captial One and a lot more. Title: Re: BTC based Stock Exchange Crackdown Starting? Post by: prophetx on October 10, 2013, 11:08:50 PM If you have been reading Reddit /bitcoin you will know that a lot of big banks are closing any business that are related to Bitcoin, including exchanges. Some of the blacklist banks: HSBC, Captial One and a lot more. huh dont really use reddit... i only troll here at bitcointalk Title: Re: BTC based Stock Exchange Crackdown Starting? Post by: justusranvier on October 11, 2013, 12:19:58 AM Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.
Title: Re: BTC based Stock Exchange Crackdown Starting? Post by: pedrog on October 11, 2013, 12:48:40 AM Yap, it doesn't look good.
Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements. I liked the analogy, gonna use it sometime. :) Title: Re: BTC based Stock Exchange Crackdown Starting? Post by: prophetx on October 11, 2013, 10:53:02 AM Yap, it doesn't look good. Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements. I liked the analogy, gonna use it sometime. :) Yea good point. Decentralization needs to be a prime concept in new projects. A lot of people here want to put their head in the sand when working on projects, ignoring legal or regulatory analysis which lets them ignore the decentrality requirement, but a lot of this work will be done in vain as the state apparatus crushes their effort. Title: Re: BTC based Stock Exchange Crackdown Starting? Post by: justusranvier on October 11, 2013, 01:25:44 PM Yea good point. Decentralization needs to be a prime concept in new projects. A lot of people here want to put their head in the sand when working on projects, ignoring legal or regulatory analysis which lets them ignore the decentrality requirement, but a lot of this work will be done in vain as the state apparatus crushes their effort. It's got to be done in the right order.Everybody wants to start a business now, but currently if you want to build a decentralized business you have to build it from scratch since there are no tools to help you. On the other hand what if someone started building, not a business, but a turnkey open source software platform for creating and operating arbitrary decentralized business? That would help things along, wouldn't it? |