Bitcoin Forum
October 20, 2024, 02:09:39 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 [360] 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 ... 565 »
7181  Bitcoin / Bitcoin Discussion / Re: Wake up people! Banks are not governments. They can't make things illegal! on: June 22, 2014, 06:02:36 PM
You're just splitting hairs.

When a central bank's legal department recommends banning the use of bitcoins in the banks it is not splitting hairs to say that the country (Bolivia) did not ban bitcoin.
7182  Bitcoin / Bitcoin Discussion / Re: Wake up people! Banks are not governments. They can't make things illegal! on: June 22, 2014, 04:52:38 PM
McDonalds has as much authority to ban a Burger King product as a bank has to ban a competing currency.
I don't know what "authority" means in practice.

GE can get incandescent light bulbs banned because they want to sell more CFLs. Taxi cartels can get Uber and Lyft banned. Appalachian coal mining companies can get EPA regulations that flavor their dirtier coal over the cleaner Rocky Mountain coal. Child seat manufacturers are well on their way to getting driving banned if any child under 30 years old isn't sitting in one of their products. Monsanto can get seed lines that aren't Roundup Ready banned.

Do any of these companies have the authority to do this?

All that matters is whether they succeed or fail in getting what they want, and they succeed fairly often.

In each of your examples:
company -> government -> ban

In no instance can:
company -> ban
other than within their own company.

We get it. Banks have a lot of money/influence/lobbyists, etc.

But a bank cannot ban bitcoins.

Unless a bank has the power to kidnap people and put them in a cage after a socially accepted show of "fairness" they do not have the power to make something illegal. Only governments have such power.
7183  Economy / Speculation / Re: Highest percentage of portfolio that is reasonable to keep in btc? on: June 21, 2014, 08:47:42 PM
Imagine you live in Mexico on the border of the US. You will likely keep your money in two currencies. You have pesos for things you spend money on in Mexico and dollars for things you would spend in the US.

Instead of pesos and dollars you now have dollars and bitcoins. You may need some dollars for things you spend money on that you can't use bitcoins for. Everything else you should use bitcoins.

Use gyft as much as you can. You get a 3% discount just for that simple thing. The fact that bitcoin gained an average of 1% per day last year is something else. Even if the value goes up "only" 10% this year you have gained 13% by using bitcoins for your daily spending when you can.
7184  Bitcoin / Bitcoin Discussion / Re: Wake up people! Banks are not governments. They can't make things illegal! on: June 21, 2014, 08:33:50 PM
Pretty sure McDonald's doesn't have the authority to ban a Burger King product  Grin

McDonalds has as much authority to ban a Burger King product as a bank has to ban a competing currency.
7185  Economy / Speculation / Re: Bolivia Central Bank legal department recommends not using Bitcoin in the banks on: June 21, 2014, 07:02:03 PM
The title in the article is kinda misleading when it states that it outright bans it. But its their choice if they don't want to use it in their banks. Also elwar, I remember your 900, 1800 thread (forgot the name). Do you think your estimation is off tracked by a few (future) months or what. Thanks

It was on its way. Stopped mainly by the 666 whale that felt it was funny to keep selling at $666 and stop the rally. Then it was dealt a blow by the Silk Road sale.

But the price will go up. The rally was only going to take us from the bottom of the price band to the top. But it is still within the band riding along the bottom as it continues to rise.

A rally was due because everyone was ready for one. But the fundamentals will push the price to the top of the band when the ETF is released.
7186  Bitcoin / Project Development / Re: BitPools - Pool your bitcoins with others and vote on solutions. [Open Beta] on: June 21, 2014, 06:12:23 PM
I apologize if you were in the original thread that was deleted. I deleted my post when the thread was moved to Games and Rounds and created a new one in the Service Announcements section. The mods deleted the original thread so I was not able to get any user names from that thread.

The new thread I created is here: https://bitcointalk.org/index.php?topic=654854.0
7187  Bitcoin / Bitcoin Discussion / Re: Bolivia Bans Bitcoins! on: June 21, 2014, 05:58:29 PM
I don't care of their ban to Bitcoin and will continue using it.

Fortunately for you the Bolivian government did not ban Bitcoin.

A bank's legal department made a recommendation that the banks only use government currencies for their bank accounts.
7188  Economy / Speculation / Re: Bolivia Bans Bitcoin. on: June 21, 2014, 09:34:47 AM
Hey yeah...you can't ban Bitcoin. 

This is true. And Bolivia did not ban Bitcoin.
7189  Bitcoin / Bitcoin Discussion / Re: Bolivia Bans Bitcoins! on: June 21, 2014, 09:32:58 AM
I wish we could see some data showing how much btc id used in a particular country before a ban, and then after a ban. That would be interesting to see

The data would be empty because there are no countries that have banned Bitcoin.
7190  Economy / Speculation / Bolivia Central Bank legal department recommends not using Bitcoin in the banks on: June 21, 2014, 06:14:41 AM
http://www.cityam.com/1403264481/bitcoin-banned-bolivian-central-bank-threat-national-currency

Not as sexy or shocking as "Bolivia Bans Bitcoins" but more accurate.

The legal department of the bank only recommended that only fiat currencies should be used in their bank accounts and money transfers.

No legal authority in Bolivia has done any damn thing about Bitcoin.

The US banks do not currently use bitcoins in their bank accounts and money transfers. The US has not banned Bitcoin.
7191  Economy / Speculation / Re: Bolivia Bans Bitcoin. on: June 21, 2014, 06:04:47 AM
WTF? 3 pages and nobody has pointed out the fact that the title of this thread is wrong?

Bolivia did not ban bitcoins.

The Bolivia central bank does not allow bitcoins to be used in their bank accounts.


McDonalds does not allow the sale of Whoppers in their restaurants in the US. The United States bans Whoppers!
7192  Economy / Trading Discussion / Re: Any ideas how to incorporate selling Diamonds and Jewelry with BTC? on: June 21, 2014, 05:54:21 AM
REEDS jewelry already does this:
http://www.coindesk.com/reeds-now-lets-jewelry-lovers-pay-with-bitcoin-in-store-online/
7193  Bitcoin / Bitcoin Discussion / Re: Its bits - The Coinbase Blog Article on: June 21, 2014, 05:52:21 AM
So, would 100 bitcoins be considered a Byte?
7194  Bitcoin / Bitcoin Discussion / Re: Wake up people! Banks are not governments. They can't make things illegal! on: June 21, 2014, 05:49:27 AM
Banks can certainly influence governments and get their candidates elected just like large corporations or unions or any other large economic force.

But until a bank has the power of guns and can kidnap you and lock you in a cage in a socially acceptable manner, they cannot make things illegal. Only governments are allowed to do that.

And since no government has passed a law saying that they will kidnap you and lock you in a cage if you use bitcoins then it has not been made illegal.

Even the bank of Bolivia, as powerful as it may be, has not influenced their government to pass such a law. Hence, Bolivia (the country's government) has not banned bitcoins.
7195  Bitcoin / Bitcoin Discussion / Wake up people! Banks are not governments. They can't make things illegal! on: June 20, 2014, 05:25:07 PM
Banks are not countries. Banks are not states.

Bolivia did not ban bitcoins. Bolivia's banks did.

Nevada, New Mexico, Arizona, etc.  are not warning against using bitcoins. Their banks are.



Saying that a country bans bitcoins when their main banks ban them is like saying that a country has banned Whoppers because McDonalds in that country has banned all Whopper sales in their restaurants.


News alert, banks do not transfer bitcoins. Banks do not hold bitcoins in their accounts. Banning their use in their banks is meaningless.
7196  Bitcoin / Bitcoin Discussion / Re: Bolivia Bans Bitcoins! on: June 20, 2014, 12:19:13 PM
People keep talking about this like Bolivia banned bitcoins.



Misleading title is misleading.
7197  Bitcoin / Bitcoin Discussion / Re: Bolivia Bans Bitcoins! on: June 19, 2014, 09:23:22 PM
Visa and Mastercard have also banned sending bitcoins over their networks.

McDonalds has banned all Whopper sales!
7198  Bitcoin / Bitcoin Discussion / Re: Bolivia Bans Bitcoins! on: June 19, 2014, 09:05:14 PM
Wow, that makes them the first country to ban Bitcoin entirely.

I knew it would be one of those Banana Republic South American countries. Their monetary systems are rapidly falling apart and they are desperate to control capital. If I was a betting man, I would be betting on them failing miserably.

No country has banned Bitcoin (title should be changed).


Have banks gained such a foothold as to make people believe they have the power of guns, kidnapping and cages like governments?
7199  Bitcoin / Bitcoin Discussion / Re: Bolivia Bans Bitcoins! on: June 19, 2014, 08:58:36 PM
Bank bans bitcoin!

Alert the media!

And what is Bolivia's stance on Bitcoin?
7200  Alternate cryptocurrencies / Altcoin Discussion / New coin: Redskins coin on: June 19, 2014, 08:53:56 PM


Redskins Coin


Now that the US has lifted the trademark on the Redskins logo it can be used for anything. So the next alt coin will be the Redskins Coin.

Nothing special about the coin but it's all about the logo and the name. Which is the most important thing when it comes to cryptocurrency...just look at doge.
Pages: « 1 ... 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 [360] 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 ... 565 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!