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Author Topic: What do you believe is the reason bitcoin is facing opposition?  (Read 1712 times)
ironstove
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May 15, 2013, 01:10:10 AM
 #1

Such as recent action against dwolla being unable to do business with mtgox due to a court order, banks refusing to do service or transfer funds for bitcoin related businesses and such?

I know some believe it is because the banks and governments feel threatened by btc and want to shut it down, but what other motives might there be besides that?
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May 15, 2013, 09:26:48 AM
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Authorities always want to strangle that which they cannot control.

But the Bitcoin train has left the station, and it cant be stopped. They could shut down Gox, BTC-e, XYZ exchange whatever, new ones will pop up like its a game of wack a mole: http://en.wikipedia.org/wiki/Whac-A-Mole

Furthermore, you will ALWAYS be able to buy Bitcoins locally from the people who mine them:

https://localbitcoins.com/

They cannot stop the BTC transactions themselves from being conducted. They can disrupt Bitcoin and try to slow its growth down, but it cannot be stopped, period.

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aceking
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May 15, 2013, 09:35:19 AM
 #3

banks want to control every financial transaction
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May 15, 2013, 10:04:03 AM
 #4

banks want to control every financial transaction
^ This.
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