[8/12/2015] Localbitcoins abandons New Yorkers As Bitlicense Comes into Full For

[srgkrgkj]

Localbitcoin.com ,one of the most private,safe and rapid exchanges and marketplaces, has become the latest company to join various other companies such as Kraken and Bitfinex. This is the new stand that other Bitcoin companies are doing to make a stand against New York creating laws that prohibit the sale of Bitcoin without a virtual currency license (Bitlicense). When users from New York attempt to use Localbitfcoin.com they are shown a one-time message reading:
http://themerkle.com/news/localbitcoins-abandons-new-yorkers-as-bitlicense-comes-into-full-force/

[maku]

Lawmakers of New York City are among the biggest idiots in the USA. What will take for them to realize that they are cutting their own wings off?
It will take every bitcoin startup and company to leave NYC before they realize how big is the amount of money they lost because of that ridiculous Bitlicense?
Democratic states are being more and more idiots  friendly it will bite them in the ass in the end.

[BayAreaCoins]

Lawmakers of New York City are among the biggest idiots in the USA. ...

Seem pretty smart to me.

They just corned the market and fucked "Bitcoin money without boards" right in the pussy.

Every clear net service folded to their pressure... even the ones in Switzerland (Shapeshift.io.)

It was almost like the services were proud to give up on the New York people.  *golf claps* congrats  

[pehchan]

This bitlicense continuously ruining big bitcoins companies.

[galbros]

Unfortunately I think this is going to be the future trend for bitcoin in the USA. 

While there is little a government can do against bitcoin use, they can make it hard to trade it for their local currency.  That is what is happening here. 

At the same time the bogeyman of money laundering can be used to beat the drums for more regulation of bitcoin.  Given that tradational banks are having trouble complying with all the new US regulations, I see bitcoin being very challenged.

Still optimistic about bitcoin, but see this as a threat.

[RustyNomad]

Unfortunately I think this is going to be the future trend for bitcoin in the USA.

Personally don't think it is going to stop with just the USA. Wait until the banks/countries start creating their own coins like in Ecuador. The moment they do they will either try and ban bitcoin and or will bring in even more regulations and through that essentially shut it down.

No government wants a currency and or payment system over which they do not have full control.

[Denker]

Unfortunately I think this is going to be the future trend for bitcoin in the USA.

Personally don't think it is going to stop with just the USA. Wait until the banks/countries start creating their own coins like in Ecuador. The moment they do they will either try and ban bitcoin and or will bring in even more regulations and through that essentially shut it down.

No government wants a currency and or payment system over which they do not have full control.

That's a very dark prediction you have.
First of all governments can not stop it. I guess you know that. Banning and forbidding something doesn't mean it will not be used.Even threatening with jail will not work at a certain point.History has shown that.
I highly doubt that we will see a majority of worldwide countries following NY state's move.
Their will be countries who will take an advantage of it if the USA is stupid enough trying to stop inevitable progress in decentralized technologies.

[randy8777]

Unfortunately I think this is going to be the future trend for bitcoin in the USA.

Personally don't think it is going to stop with just the USA. Wait until the banks/countries start creating their own coins like in Ecuador. The moment they do they will either try and ban bitcoin and or will bring in even more regulations and through that essentially shut it down.

No government wants a currency and or payment system over which they do not have full control.

could be, but at this point it only shows how much they fear bitcoin, which is a good thing as they take it seriously. they just need to stop fighting against it. bitcoin and its network can be used to do so much good, but that's what they don't see or don't want to see.

[Kprawn]

F#@$ Lawsky and his buddies .....They created this situation to personally profit from it, and now the Bitcoin community in New York must suffer because of it.

Where in the world have you seen legislation being made so complex, that you have to pay additional services to assist you to comply with the licensing?

I think this was totally overkill, when Bitcoin was still in the early days of development and now this legislation exclude some innovators in the process. I sometimes wonder

if this was done on purpose when they saw that it could not be stopped, and they needed something to give them the edge... {Stalling tactics} 

[BayAreaCoins]

Too many fuck faces think Bitcoin is supposed to play ball with these crooked government fucks.

Not the case 

[Lethn]

Too many fuck faces think Bitcoin is supposed to play ball with these crooked government fucks.

Not the case  

Rule number one of politics: Never pick a fight with Anarchists and Marxists.