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Author Topic: Bitcoin ban in Thailand a possible scam & crappy journalism  (Read 4748 times)
Herp (OP)
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July 30, 2013, 05:15:50 AM
Last edit: July 30, 2013, 05:38:08 AM by Herp
 #1

It should be standard practice when practicing respectable journalism to verify an information from at least 3 sources. I see mainstream media like Marketwatch or Wired picked up on this news without verifying it. It's also featured on Coindesk as front page article.

Only source that released this info is a Thai exchange(https://bitcoin.co.th/). There's no other source basically. This is a small exchange by all standards operating in Thailand. It could be a scam for all we know. They might have invented a reason for shutting down and running away with customer money. They will most likely argue they can't send the deposited Bitcoins back to customers because it's now illegal to do so. How convenient for them!

Don't you find it a bit weird that the other two Thai exchanges are still open for business and didn't take part of that alleged meeting with Thai central bankers?


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AliceWonder
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July 30, 2013, 05:49:44 AM
 #2

Herp as in Herpetology?

If so, welcome my brother Cheesy

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
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July 30, 2013, 05:59:33 AM
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Herp as in Herpetology?

If so, welcome my brother Cheesy

Used to catch lizards and dissect toads as a kid but that was the closest I got. Smiley


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[N]o borders
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dondon
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July 30, 2013, 06:09:28 AM
 #4

Could be an attempt to cause a drop in bitcoin prices.

If people start to get worried that countries will start banning the use of bitcoins then it will definitely have an impact on their value.

I agree though, I'd like to see more sources confirming this before I take it as fact.

I saw the article talking about it on Reddit and was thinking the same thing - how legitimate is this source.
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