2013-04-09 How Bitcoin Dies

[conspirosphere.tk]

http://www.economicpolicyjournal.com/2013/04/how-bitcoin-dies.html

spoiler: They gonna ban it and indict any user that they can find -> price will crash -> end game

edit: "because prohibitionism works"

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[Jaw3bmasters]

We have Tor.

[Jaw3bmasters]

Oh, and get this

"Obviously, I have no inside information at all and am just speculating"

[tutkarz]

what if governments know that they cant repay national debt and they cant save economy by just printing more and more money and they suddenly try to save they *ss by switching to bitcoin to somehow save situation. There are all scenarios possible.

[FreddyFender]

Ha haa ha ha, hahahahahahahahhahaha, ha hahaahaahaaahaaaa. Ha ha ha ha ha, ha ha haaa haa ha ha! *hahahahahahahahahahahahahahhahahahahhahahhah.
Ha haha, ahh ha, ahhh, hahahahahha.

FF
Nice to discount history and scary movies subscriber.

[Minor Miner]

http://www.economicpolicyjournal.com/2013/04/how-bitcoin-dies.html

spoiler: They gonna ban it and indict any user that they can find -> price will crash -> end game

edit: "because prohibitionism works"

pretty weak.   US $100 are the bill of choice for the world's drug dealers, mafias, and killers.   Have they made it a criminal offense and everyone a defendant who has ever touched one?   It is about as laughable as this "article"

[bonker]

What a bunch of cocksuckers!

Did prohibition kill file sharing? NO

This genie is officially out of the candle, so jump onboard or get run down by history!

[Rincewind]

The charge: money laundering.  The evidence: the defendants knew that BTC were used for organized criminal activity.  Therefore, they knew they were transferring money for criminals.  This is quite simply the definition of "money laundering."

Time for the fed to bust every bankster that has handled a dollar, since they've been taking them in and handing them out for years knowing it's been used for organized criminal activity.

[wormbog]

Let's say the US and EU decide to ban bitcoins. Any country that doesn't participate in the ban will suddenly see a big rise in exports because they accept bitcoins and no-one else does. Once huge amounts of money begin flowing out first-world countries, never to return, the feds will see the light and reverse the ban.

[odolvlobo]

While his specific scenario is far-fetched and will never happen, the concept is not so ridiculous.

The U.S. and other governments could attempt to regulate and/or prohibit Bitcoin usage. While that could not shut down the Bitcoin system, it would force it underground. That would end the hopes and dreams of a mainstream Bitcoin economy, and would certainly destroy everyone's fantasies of wealth by driving the price back down to single digits.

... Any country that doesn't participate in the ban will suddenly see a big rise in exports because they accept bitcoins and no-one else does. ...

That's doubtful. At this point, the Bitcoin economy is no more than a single drop in an entire ocean. As I pointed out in another thread, the Federal Reserve prints 40 times the total value of all Bitcoins every month.