Do you know of any modern of current examples of a country or a corporation doing this?

If bitcoin is "property" and not currency, then it certainly cannot be accused of involvement with money laundering, but that would make it a currency.

So here's an interesting question: If we erase your brain and copy the brain data of sana8410 into yours. Then who are you?

If this could work, travelling would be so much faster. One could do an exchange, where two people switch brain data over the internet. Question is, if the brain data copied into the other person is not you - or your own brain is erased from the host body - then who are you?
 

Many folks claim its predominantly blacks who are on welfare which as far as this site suggests is not the case at all.

The challenge that this faces is the fact that many sites will restrict/block access from TOR exit nodes. These forums will even make you pay a (very) small amount of BTC in order to access your account if you try to access via TOR (AFAIK this is only a one time payment).

And Jews wonder why people hate them.

If you find a sucker to sell you their bitcoins with credit card, let me know, because I will max out 20 credit cards, then file for bankruptcy.

I wished I had a BTC for everytime I hear "X"coin was dead!

Back in December 2011 when BTC fell to right below $2.00 each after hitting the all time high of $36.00 the previous June, all the experts called it dead, very much in the same way those same experts are calling LTC dead.


~BCX~

I don't think you understand what I wrote. Of course they have ability to auto liquidate - it is a key component of margin trading. There is no guarantee that prices cannot fall so fast that when the liquidation is triggered, they haven't already falling past the point where liquidating would recover the lent amount. In fact this has already happened once, on Feb 10 2014.In that instance BFX rolled back the trades, justifying this action by the fact that they had lost the additional liquidity of Bitstamp (I think they ran out of BTC on stamp) and that the cascading margin calls on the resulting thin order book would have taken the price on BFX to zero and wiped everybody out.

Because the price on other exchanges (ie Stamp) never went so low, but remained around the 500s, after a trading halt BFX were able to resume at prices that did not result in underwater margin positions, so the liquidations could be avoided. However, if all exchanges had tanked, this would not have been possible, and many margin positions would have been liquidated, possibly at a loss.

There is nothing preventing a similar flash crash to that of 10 Feb from occurring. Bitcoin is incredibly volatile as we have seen, and nothing is off the table. Reversing trades is not a panacea - not only that but BFX will only do it when it is in THEIR interests to do so. They rolled back trades in Feb because doing otherwise would have killed the entire platform - as Raphael said at the time liquidating every position in the platform and filling the orderbook down to zero.

In the case of a real, market-wide crash, don't expect BFX to roll back trades (how can they when the market has moved on without them?). And don't expect them to reimburse out-of-pocket lenders. They simply don't have the money to be able to do so, and their extremely vague promise to insure loans appears nowhere in the site terms and conditions or other binding contract. This would leave lenders to enforce such a promise through legal action (hint: google promissory estoppel), but then tell me, who do you sue? And where?

I see the promise to insure all loans as motivated by two reasons:
1) To remove the hassle of offering the (mostly useless due to extremely small pool size) optional insurance on loans
2) Needing to justify their desire to capture a greater share of the lending business profits, aka GREED
It is not a promise that is backed up by anything.

Finally, all this is before you even consider counterparty AND regulatory risk - there is still a very real possibility that something could go badly wrong at BFX, a hack, mismanagement, a court case, termination of banking relationships, government crackdown; the list goes on. This could lead to insolvency and loss of funds a la Gox and numerous other exchanges. This additional risk should not be understated.

So AGAIN: DON'T LEND (OR KEEP ON BFX) MORE THAN YOU CAN AFFORD TO LOSE.

PS: BFX staff, I am just trying to highlight the risks inherent in dealing with a platform such as yours, no offense intended. I am actually quite a fan, and have used the platform for trading and lending for some time and am yet to find one better. But I always deal in amounts I'm willing to lose.

This guy (http://www.reddit.com/user/BitcoinIdiotDude) admits he doesn't offer lending yet accusing the platform of allowing interest manipulation. All he has to do is stop borrowing and interest rate will gravitate down naturally by market force.