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Author Topic: We are getting thrown under the bus by our goverment  (Read 1121 times)
mikewillz
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June 08, 2011, 03:49:09 PM
 #1

http://www.baltimoresun.com/business/sns-rt-us-financial-bitcoitre7573t3-20110608,0,1767151.story


While little information about Bitcoin exchanges is publicly available, an item posted on a website called Bitcoin Watch states that Mt. Gox's bank account is in Japan, and anecdotal evidence suggests many other exchanges operate outside of the US.

Mt. Gox's website does not list a phone number, representatives could not be reached via email.


It's getting ugly..and the Media sucks!!

BTC: 1hHjrmxLQWJZPjfsQuPpftNHH6WBuAmbN


P.S: This is unreal.....
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Durr
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June 08, 2011, 03:54:38 PM
 #2

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

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TraderTimm
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June 08, 2011, 04:04:05 PM
 #3

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

'The banks'?

And how would they achieve this miracle, exactly? Last I checked 'the banks' don't have any influence over Mt. Gox. Worst case scenario, btc gets frozen and another exchange takes its place. That is the beauty of a system that doesn't rely on central control. After a while, we won't even *need* exchanges.



fortitudinem multis - catenum regit omnia
benjamindees
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June 08, 2011, 04:09:09 PM
 #4

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

So, less supply of BTC equals falling prices?

(Oh no, whatever you do, don't throw me in the brar patch!)

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qikaifu
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June 08, 2011, 04:29:47 PM
 #5

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

it's not risk, but opportunity.

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iCEBREAKER
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June 08, 2011, 04:49:15 PM
 #6

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

Making bitcoins illegal will cause their price in dollars to increase, because they will become more scarce.

Just with like with booze and other drugs.

Plus everybody already knew about those since forever. 

The publicity surrounding the bitcoin craze/scare/controversy/crackdown will bring more attention to our solution for the situation.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
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