Liberty Reserve shutdown is a boost for Bitcoin?

[BitcoinAshley]

Guys look at silly coinseeker, back-pedalling, tl;dr'ing, denying his way out of a corner.   

The tl;dr is a amateur pro move; I didn't expect him to pull that one out, I'm soooo offended

[trepper]

Actually the moment bitcoin has received the biggest increase of new users has been after cyprus.

 
Please, do not confuse co-incidence and causation ...

  For many people bitcoin is just an hedge against a financial system that is totally rotten and don't want to lose the money they earned.

An hedge against what???
For many people since april, bitcoin has been the best way to give away money to market manipulators and/or rogue trade service.
They just came From Charybde to Sylla 

  I doubt the crime money is a big percent on bitcoin. If that is not the case why didn't the criminals use bitcoin before the bubble or during 2010/11?

What exactly does make you think that criminals didn't use bitcoin before the bubble ?

[becoin]

An hedge against what???

A hedge against never ending money printing of central banks and puppet governments. People need sound money for their retirement and health insurance.

What exactly does make you think that criminals didn't use bitcoin before the bubble ?

Criminals most use dollars for their criminal activities. Using bitcoins or Liberty Reserve for criminal activities is just a fraction of the criminal activities whose turnover is in dollars. Why don't you suspend all transactions in dollars?

In fact, a recent research found out that on every second pound bill in the UK there are traces of cocaine. Will you burn half of the banknotes in circulation?

[notme]

An hedge against what???

A hedge against never ending money printing of central banks and puppet governments. People need sound money for their retirement and health insurance.

What exactly does make you think that criminals didn't use bitcoin before the bubble ?

Criminals most use dollars for their criminal activities. Using bitcoins or Liberty Reserve for criminal activities is just a fraction of the criminal activities whose turnover is in dollars. Why don't you suspend all transactions in dollars?

In fact, a recent research found out that on every second pound bill in the UK there are traces of cocaine. Will you burn half of the banknotes in circulation?

Only 50%?  In the US it is closer to 97%.

[trepper]

An hedge against what???

A hedge against never ending money printing of central banks and puppet governments. People need sound money for their retirement and health insurance.

Those who bought 200$/btc certainly agree with your last sentence...  

 

What exactly does make you think that criminals didn't use bitcoin before the bubble ?

Criminals most use dollars for their criminal activities. Using bitcoins or Liberty Reserve for criminal activities is just a fraction of the criminal activities whose turnover is in dollars. Why don't you suspend all transactions in dollars?
In fact, a recent research found out that on every second pound bill in the UK there are traces of cocaine. Will you burn half of the banknotes in circulation?
 

If you've just discovered that criminal use money, good for you, but where did you read I want to suspend/burn anything?
The real question here is not "can criminal use btc?" but  "how much does dirty money flow influence btc price?"...

[Rampion]

An hedge against what???

A hedge against never ending money printing of central banks and puppet governments. People need sound money for their retirement and health insurance.

Those who bought 200$/btc certainly agree with your last sentence...  

Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

This is not a get-rich-quick scheme, it will be a bumpy ride but in the long term BTC will go either to +5 figures or to 0.

[trepper]

Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

[becoin]

but where did you read I want to suspend/burn anything?

You justify shutting down LR because it was used by criminals. All I'm asking is why don't you apply same logic to $$, because the dollar is indisputable leader as the currency of choice among criminal?

The real question here is not "can criminal use btc?" but  "how much does dirty money flow influence btc price?"...

The real question is if you regulate the dollar as a currency why did you allow some of the dollars become dirty dollars? If you can't prevent some dollars become dirty dollars how do you expect to prevent some bitcoins from becoming dirty bitcoins? And why are you so upset of bitcoin price appreciation?

[Rampion]

Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

[trepper]

but where did you read I want to suspend/burn anything?

You justify shutting down LR because it was used by criminals. All I'm asking is why don't you apply same logic to $$, because the dollar is indisputable leader as the currency of choice among criminal?

Can you start learning to read, or stop eating magical mushroom: I've never justified anything of this kind.
Quote me if you can...

The real question here is not "can criminal use btc?" but  "how much does dirty money flow influence btc price?"...

The real question is if you regulate the dollar as a currency why did you allow some of the dollars become dirty dollars? If you can't prevent some dollars become dirty dollars how do you expect to prevent some bitcoins from becoming dirty bitcoins? And why are you so upset of bitcoin price appreciation?

 
You have the bad habit to argue with your own imagination.

So, no,  I'm not upset, and I've never stated to be the (big) one that can allow (or prevent) money to become dirty  
I just asked how much dirty money flow impact btc price
Does this question upset you?

[trepper]

Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

Very good argument 

[Zaih]

Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

Very good argument 

As much as I love Bitcoin, it isn't all just sunshine and rainbows. You are running a risk it will decline in not only the short term, but the long run. Who's to say a far superior crypto currency won't take over tomorrow? What if the US government some how found out a way to shut down Bitcoin next week.

[Rampion]

Imagine what kind of mistake did those who bought coins at $32 in 2011, to then sell at a loss when they witnessed the slow decline to $2.

$200/BTC are cheap coins in the long run, if you didn't understand that you really don't know much about Bitcoin.

Don't you think you mistake wish for knowledge ?

No, I don't.

Very good argument 

My argument is based on a) past history, and thus facts and b) hard math about the growth potential of Bitcoin.

If you think $200/BTC is expensive... Then you do not know enough about both past Bitcoin history and its potential.

Hope you are not going to be the weak hands that tremble in case we suddenly cash below $30. If you sell you will regret your move in just a few years.

[becoin]

So, no,  I'm not upset

Fine. So, enjoy your profitable investment!

If clean money are ahead of the dirty money, there is nothing to worry about. If dirty money are ahead of the clean money, well then the dirty money proved to be clever than clean one and the latter should have learned their lesson. Either case is good for Bitcoin!

[trepper]

My argument is based on a) past history, and thus facts and b) hard math about the growth potential of Bitcoin.

A wise man should know one thing: the limits of his knowledge...

If you think $200/BTC is expensive... Then you do not know enough about both past Bitcoin history and its potential.

I don't think (and never said) it's expensive or cheap.
I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".

Hope you are not going to be the weak hands that tremble in case we suddenly cash below $30. If you sell you will regret your move in just a few years.

Hope or wish?

[becoin]

I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".

Your question was answered several times. Yes, they can!

[trepper]

I've just asked if those who bought 200$/btc can really feel they've got "sound money for their retirement and health insurance".

Your question was answered several times. Yes, they can!

Maybe you think so.
Unfortunately, you often seems to hear imaginary voices 

[becoin]

Unfortunately, you often seems to hear imaginary voices 

At least you have understood what people do hedge against while buying bitcoins. That is a progress too.

[meowmeowbrowncow]

If you have not heard the news yet, Liberty Reserve has been shut down http://www.bbc.co.uk/news/technology-22680297

This is bullish news for Bitcoins. Not only is there now one less competitor to bitcoins, but this shows one more time why a decentralized payment network is much more resilient than a centralized one. This also shows how aggressive governments can be, so it is even more important to have your money in a place you control, one which will not get shut down by police.

Is this as big as the Cyprus thing? No, because it affects fewer people, but it is just one more thing in a long line of acts which the government is doing which will ultimately push people into using Bitcoins.

+1000


As the balance of power continues to shift towards the elite, one must attempt to protect their own interests.

[trepper]

At least you have understood what people do hedge against while buying bitcoins.

Not really 

Can you try again to explain me with your own words (I mean words you can understand the meaning)?