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Author Topic: [2016-02-04] Bitcoin: This Could Be Bad News for Bitcoin Prices  (Read 372 times)
shane (OP)
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February 04, 2016, 11:54:26 PM
 #1

New Law Could Threaten Bitcoin
A key feature of bitcoin is under threat and it could shatter the currency’s value. The European Commission is pushing a security bill to drag bitcoin out of the shadows. No more anonymity. (Source: “Here’s Why Europe Is About to Crack Down on Bitcoin Anonymity,” Fortune, February 3, 2016.)
http://www.profitconfidential.com/forex/bitcoin-this-could-be-bad-news-for-bitcoin-prices/

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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indiemax
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February 05, 2016, 09:54:20 AM
 #2

Friggin hypocrites, they want to keep all the dodgy stuff rackets to themselves,just the other  day......



Smuggled gold bars and steroids uncovered in EU diplomat's car at Israel-Jordan border

http://www.jpost.com/Israel-News/Smuggled-gold-bars-and-steroids-uncovered-in-EU-diplomats-car-at-Israel-Jordan-border-443865



oh and anonymity,yeah, the name and nationality of the culprit has not been revealed


rot in hell EU Grin
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February 05, 2016, 10:40:19 AM
 #3

What a worthless article. Bitcoin price will not be affected by this at all. There is already no anonymity when it comes to Bitcoin. Simply use a Bitcoin mixer and everything will be just fine. I do this already for a few years.
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February 05, 2016, 02:38:14 PM
 #4

Bitcoin is more traceable than cash. The European Union should forbid the usage of cash. So everything is traceable.

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February 05, 2016, 03:18:14 PM
 #5

Not a problem at all... Most services are online  and they can move operations to areas that are not regulated. If I see this happening, I will just shift

the remaining coins on these services to my cold storage and close my accounts on these regulated services. I then just move those coins to a service

in a unregulated country. I never leave large amounts of coins in online third party services any way.. so it is not a big deal. Keep your coins in cold

storage, until you find a better alternative to these regulated countries.  Wink

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