TheKoziTwo
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Activity: 1552
Merit: 1047
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June 04, 2013, 06:57:52 PM |
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And it's closure had nothing to do with affiliation to the notorious Liberty reserve and ability to withdraw funds from the same? All the same, these are centralised enterprises. Bitcoin is run from private computers, the people, all over the world.
Of course, but you can't ignore the effect exchanges currently have on bitcoin. Well, sure but this is mostly FUD saturated, nervous speculators which affect the price so much. I still have all my Bitcoins, a good 10% of my net-worth and not planning to sell them during these growing pains of the currency. This new attention is likely the apparent threat to the USD that cryptocurrency represents. Once all the negative news tails off, I fully expect a breakout in price and volume transition to whichever exchanges or 'trading station's that are left. Seriously though, if the US gov was going to shutdown MTGox, they would of done it already. Everyone just needs to chillout and enjoy the gravy train. Why did they wait 2 years to shut down liberty reserve? It takes time to build a case. |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 04, 2013, 07:02:01 PM |
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Jozzaboy
Member
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Activity: 98
Merit: 10
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June 04, 2013, 07:06:30 PM |
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And it's closure had nothing to do with affiliation to the notorious Liberty reserve and ability to withdraw funds from the same? All the same, these are centralised enterprises. Bitcoin is run from private computers, the people, all over the world.
Of course, but you can't ignore the effect exchanges currently have on bitcoin. Well, sure but this is mostly FUD saturated, nervous speculators which affect the price so much. I still have all my Bitcoins, a good 10% of my net-worth and not planning to sell them during these growing pains of the currency. This new attention is likely the apparent threat to the USD that cryptocurrency represents. Once all the negative news tails off, I fully expect a breakout in price and volume transition to whichever exchanges or 'trading station's that are left. Seriously though, if the US gov was going to shutdown MTGox, they would of done it already. Everyone just needs to chillout and enjoy the gravy train. Why did they wait 2 years to shut down liberty reserve? It takes time to build a case. Works for me then, 2 years is a lifetime for Bitcoin. Bitstamp, CampBX or not even created exchange will be out by then and will have significant market volume. If there is a mass-adoption of the Bitcoin protocol worldwide then it will find a way, it is what Bitcoin was designed for. |
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Pale Phoenix
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June 04, 2013, 07:10:25 PM |
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Why did they wait 2 years to shut down liberty reserve? It takes time to build a case.
If that was their plan, they probably wouldn't have telegraphed it by seizing only their US accounts, thereby giving them time to move funds and destroy evidence. I don't think Mt. Gox will be shut down, but I do not like that they have not even addressed the issue, and I won't risk funds with them until there is some clarity around their position. As for Bitcoin itself, anything that happens to Mt. Gox will be a temporary setback. New, compliant exchanges are opening and will continue to open. |
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wonkytonky
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June 04, 2013, 07:24:02 PM |
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Why did they wait 2 years to shut down liberty reserve? It takes time to build a case.
If that was their plan, they probably wouldn't have telegraphed it by seizing only their US accounts, thereby giving them time to move funds and destroy evidence. I don't think Mt. Gox will be shut down, but I do not like that they have not even addressed the issue, and I won't risk funds with them until there is some clarity around their position. As for Bitcoin itself, anything that happens to Mt. Gox will be a temporary setback. New, compliant exchanges are opening and will continue to open. gox and communication.. .. whenever they make statements.. it's always with open ends.. and let us guessing in the dark.. |
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EuroTrash
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June 04, 2013, 07:28:29 PM |
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You mean being "fully licensed" like eCardOne, who, by the way, got their domain seized today?  funny pic. Was it taken at the bitcoin conference? 'cos it's almost as if the feds sent a couple of agents there to write down all the names of payment processors. |
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prof7bit
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June 04, 2013, 07:30:12 PM |
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Does gox have alt domains?
Still .com?
They have mtgox.jp that is currently redirecting to mtgox.com. It would probably be a good idea to stop stop depending on these stupid USA-regulated top level domains that can be seized by the USA at any moment and instead use local country TLDs. |
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Adrian-x
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Activity: 1372
Merit: 1000
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June 04, 2013, 07:39:07 PM |
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Does gox have alt domains?
Still .com?
They have mtgox.jp that is currently redirecting to mtgox.com. It would probably be a good idea to stop stop depending on these stupid USA-regulated top level domains that can be seized by the USA at any moment and instead use local country TLDs. I propose Namecoin |
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Frozenlock
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June 04, 2013, 07:39:25 PM |
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Does gox have alt domains?
Still .com?
They have mtgox.jp that is currently redirecting to mtgox.com. It would probably be a good idea to stop stop depending on these stupid USA-regulated top level domains that can be seized by the USA at any moment and instead use local country TLDs. I propose Namecoin Seconded. |
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Adrian-x
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Activity: 1372
Merit: 1000
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June 04, 2013, 07:41:12 PM |
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Seconded.
Let the trading begin. |
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prof7bit
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June 04, 2013, 07:45:54 PM |
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Will these domain names resolve without requiring me to reconfigure anything? If not then its useless (for now). |
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Its About Sharing
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Activity: 1442
Merit: 1000
Antifragile
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June 04, 2013, 07:49:28 PM |
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No idea but thanks for the link. I looked at the wiki and it is based on Bitcoins blockchain, so it seems like it would be similar to NMC. I still don't know why NMC is not going anywhere with their decentralized DNS??? I think the internet is quite reactionary and not necessarily proactive when it comes to politically bent things. e.g. - It took Napster getting owned to bring about torrent. (I'm not complaining). |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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June 04, 2013, 07:50:52 PM |
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Will these domain names resolve without requiring me to reconfigure anything? If not then its useless (for now). Resolve where? That is the problem. But, all they need to do is create a plugin for chrome and firefox and that solves the problem to an extent. Doesn't do much for mom and pop but the internet revolution was created by techies and it took capitalistic greed like AOL to get people to use it... |
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ChartBuddy
Legendary
Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 04, 2013, 08:02:11 PM |
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wonkytonky
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June 04, 2013, 08:44:42 PM |
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OMG its just beggining:
Wm-center.com, e-naira.com, ecardone.com, ebuygold.com, getemoney.com, epaymonster.com, instantgoldng.com, jtgold.com, goldnairaexchange.com, superchange.ru, webmoney.co.nz, m-gold.com, goldmediator.com, absolutexchange.eu, mewahgold.com, centregold.ca, electrumz.com, tukarduid.com, entelnova.com, tacoauthorized.com, intexchange.com, ukrnetmoney.com, wmirk.com, nigeriagoldexchanger.com, edealspot.com, duyduychanger.com, magnetic-exchange.com, moneyexchange.vn, abc-ex.net, mi-billetera.com, nicciexchange.com, exhere.com, alertexchanger.com, velaexchange.com, goldexpay.com
All down....
not all |
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hlynur
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June 04, 2013, 08:53:45 PM |
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And it's closure had nothing to do with affiliation to the notorious Liberty reserve and ability to withdraw funds from the same? All the same, these are centralised enterprises. Bitcoin is run from private computers, the people, all over the world.
Of course, but you can't ignore the effect exchanges currently have on bitcoin. Well, sure but this is mostly FUD saturated, nervous speculators which affect the price so much. I still have all my Bitcoins, a good 10% of my net-worth and not planning to sell them during these growing pains of the currency. This new attention is likely the apparent threat to the USD that cryptocurrency represents. Once all the negative news tails off, I fully expect a breakout in price and volume transition to whichever exchanges or 'trading station's that are left. Seriously though, if the US gov was going to shutdown MTGox, they would of done it already. Everyone just needs to chillout and enjoy the gravy train. Why did they wait 2 years to shut down liberty reserve? It takes time to build a case. imo it started in may with the case of some guys cashing out 2.8 Mio $ alone in New York on one day and 45 Mio $ worldwide over last three years. and now some weeks later following that trace they bust LR - which they must have watched for quite some time - transferring more than 6 Bio $ for criminals over the last years. the criminal organisations worldwide adapted to virtual currencies much faster than the governments (as they are always one step ahead). only possibility for the gov to keep up with the whole coinmania is to check the flow over the exchanges as they did with LR. noobquestion: could you trace the flow of single bitcoins transferred from wallet to wallet back to an exchange account where it was purchased in the first place? (because if police get hands on some wallets during a razzia they then could check who purchased it in the first place) well criminals will search for alternatives, if I were them I'd trade or even open some exchange now myself (with easily fakeable accounts) in a country with weak lawsystem and much corruption. i wonder which coin will be the first? (that is one huge market gap for some BADcoin or BlackCoin) edit: Gcoin sounds much better this is hyper-bullish-tinfoil-news  |
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