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Author Topic: 2013-05-30 [Spiegel.de] Bitcoin could replace Liberty Reserve  (Read 765 times)
Birdy
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May 29, 2013, 10:49:22 PM
 #1

http://www.spiegel.de/netzwelt/netzpolitik/online-waehrung-warum-bitcoin-liberty-reserve-ersetzen-koennte-a-902496.html

Spiegel.de is one of the biggest online-news in Germany, the article was only in the internet sub though.

summarize:
- Headline: Bitcoin could replace Liberty Reserve
- Liberty Reserve seized, because of illegal activities
- but there are other systems without someone profiting
- some talk about the muslimic Hawala-system based on trust, also used illegal,but estimates are that 95% of the transfers are legal
- Bitcoin based on cryptography instead
- only pseudonymous, not anonymous yet, mention of mixing services and Zerocoin (they got it right there ^^)
- comparison to file sharing, hard to control

Overall slightly negative, but not too bad.
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May 30, 2013, 12:03:23 AM
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I've just been assuming Liberty Reserve turned themself in because they saw the writing on the wall and realized they had reached their peak.

Go out John Lennon style rather than just fade away...

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