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greyhawk (OP)
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July 29, 2013, 09:59:09 AM |
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Also, will this slow down or fasten the abolishment of all government?
Will Thais take to the street and remove the statists in a crypto-anarcho-revolution?
What does this mean for the pricing of send-order-waifus and underage sex slaves?
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Chang Hum
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July 29, 2013, 10:13:16 AM |
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Fucks sake my day keeps getting better
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 29, 2013, 10:16:28 AM |
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really? source?
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notme
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Activity: 1904
Merit: 1002
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July 29, 2013, 10:17:24 AM |
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greyhawk (OP)
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July 29, 2013, 10:19:29 AM |
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Hailong
Donator
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Activity: 38
Merit: 0
A PhD Student in Economics
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July 29, 2013, 10:28:59 AM |
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For small countries, bitcoin is a big threat. But for big countries like the US, btc has little impact on the legal tender. So I think there is little policy risk in a short run.
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牢记梦想，自然生长。
The best way to predict the future is to invent it.~Alan Kay
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 29, 2013, 10:37:43 AM |
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For small countries, bitcoin is a big threat. But for big countries like the US, btc has little impact on the legal tender. So I think there is little policy risk in a short run.
do countries use other countries' 'legal' decisions as precedence? |
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Tzupy
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Activity: 2128
Merit: 1074
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July 29, 2013, 10:43:28 AM |
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As long as holding and trading BTC doesn't become a criminal offence, I doubt we have to worry about this.
Oops, it appears that's what the Thai have done. Insane for the common BTC holders IMO. Possibly related to their opium / heroin trading.
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Sometimes, if it looks too bullish, it's actually bearish
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countryfree
Legendary
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Activity: 3052
Merit: 1047
Your country may be your worst enemy
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July 29, 2013, 11:34:23 PM |
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Re: Now that BTC is illegal in Thailand, which country will ban BTC next?
How about the opposite happening? I, for one, now say that I will boycott Thailand in my next Asian vacation, and that I will now spend my money in neighboring Cambodia or Burma. I'm sorry for the Thai people, but let's think about the opportunities for the neighbors. |
I used to be a citizen and a taxpayer. Those days are long gone.
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Chronikka
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July 29, 2013, 11:36:02 PM |
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Good luck enforcing this one  |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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johnyj
Legendary
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Activity: 1988
Merit: 1012
Beyond Imagination
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July 30, 2013, 02:20:31 AM |
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It is reasonable, southeast aisan countries had a grave memory about the Soros's raid in 1997, crashed all their currency and stock market and robbed large part of their wealth accumulated in 10 years. Now they are very careful about any financial related uncertainty
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 30, 2013, 02:47:28 AM |
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lol I didn't know soros pwned Asia too at some point
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Fiyasko
Legendary
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Activity: 1428
Merit: 1001
Okey Dokey Lokey
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July 30, 2013, 02:57:28 AM |
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Oh my gosh... this is... not... good.
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superduh
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July 30, 2013, 08:24:58 AM |
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Oh my gosh... this is... not... good.
or....true.... |
ok
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 30, 2013, 08:27:24 AM |
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^lol
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jamesc760
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July 30, 2013, 01:15:16 PM |
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lol I didn't know soros pwned Asia too at some point
Soros likes to f*ck anything Asian. |
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DPoS
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July 31, 2013, 04:01:54 AM |
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not trying to get them in trouble but I ordered from here a month ago with btc and they still list it... http://www.siam-secrets-store.com/so who knows what's really real on the streets over there |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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July 31, 2013, 07:30:11 AM
Last edit: July 31, 2013, 11:28:48 AM by marcus_of_augustus |
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For small countries, bitcoin is a big threat. But for big countries like the US, btc has little impact on the legal tender. So I think there is little policy risk in a short run.
This is a valid point. The float of bitcoin already has surpassed the M0 money supply of many smaller nations ... https://bitcointalk.org/index.php?topic=154954.0If I was a central banker for a "Parity Watch" country I would be considering either adopting parallel currency tender laws to encourage bitcoin circulation or banning it altogether (whilst recognising ultimate futility) ... do you see anybody lining up to buy Burkina Faso Burkinabe CFA Francs before bitcoins? |
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joesmoe2012
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July 31, 2013, 10:21:10 AM |
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Didn't we already clear this up yesterday?
So much noise, so little signal, i'm slowly dying inside.
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Hailong
Donator
Newbie
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Activity: 38
Merit: 0
A PhD Student in Economics
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July 31, 2013, 10:25:35 AM |
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For small countries, bitcoin is a big threat. But for big countries like the US, btc has little impact on the legal tender. So I think there is little policy risk in a short run.
do countries use other countries' 'legal' decisions as precedence? I am not sure about it. One thing is sure that any government does not want to lose their power of issuing currency. Big countries do not have to worry about it now. |
牢记梦想，自然生长。
The best way to predict the future is to invent it.~Alan Kay
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