Now that BTC is illegal in Thailand, which country will ban BTC next?

[greyhawk]

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?

[Chang Hum]

Fucks sake my day keeps getting better

[vokain]

really? source?

[notme]

really? source?

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/

[greyhawk]

really? source?

https://bitcointalk.org/index.php?topic=264203.0

[Hailong]

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.

[vokain]

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?

[Tzupy]

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.

[countryfree]

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.

[Chronikka]

Good luck enforcing this one

[johnyj]

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

[vokain]

lol I didn't know soros pwned Asia too at some point

[Fiyasko]

Oh my gosh... this is... not... good.

[superduh]

Oh my gosh... this is... not... good.

or....true....

[vokain]

^lol

[jamesc760]

lol I didn't know soros pwned Asia too at some point

Soros likes to f*ck anything Asian.

[DPoS]

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

[marcus_of_augustus]

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=154954.0

If 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?

[joesmoe2012]

Didn't we already clear this up yesterday?

So much noise, so little signal, i'm slowly dying inside.

[Hailong]

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.