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Author Topic: what effect has the recent cypress news had on the price of bitcoin?  (Read 950 times)
shmadz
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March 20, 2013, 03:41:32 AM
 #1

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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Spaceman_Spiff
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March 20, 2013, 03:45:12 AM
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My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

I guess both.  The last part is certainly true.  Confiscation is a symptom of economic and financial crisis.  The counterparty risk and fiat dilution that are accompanied by such a crisis is the reason why people look for alternatives such as bitcoin. 
BitPirate
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March 20, 2013, 04:20:50 AM
 #3

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

You won't find much if you search for the name of a tree.

Spaceman_Spiff
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March 20, 2013, 04:32:40 AM
 #4

I was gonna start this out with a bunch of links to this whole cypress situation, but there are far too many...

I figured if you just google:>  cypress bank account confiscation   <:you can go and look for yourself...


My question is, do you think this is the reason for the most recent spike? or is this just a symptom of the greater problem that is causing the prolonged rise in price?

You won't find much if you search for the name of a tree.

You might find a hill ...
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