Fiyasko
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Okey Dokey Lokey
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July 31, 2013, 02:25:56 PM |
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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. People need to get back to precious metals. If they dont have those, switch back to the Barter system. Oh wait, then the Gov's have a hard time Taxing your hard earned money. Whats needed (IMO) is a Credit system THAT IS TIED TO LIMITED PRECIOUS VALUBLES. If there is no limit on "how much is out there" then eventually majority of currencies will suffer Inflation. Fuck, a chocolate bar already costs 40% more than what I remember it costing as a kid, And my rent has also gone up $400 since i started living here While on the other hand, Bitcoin value just keeps going up. So whats the problem? The Gov's cant Issue bitcoins. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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bitzox
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July 31, 2013, 09:20:19 PM |
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do countries use other countries' 'legal' decisions as precedence?
No, most countries don't even care what the UN says much less what some other country says lol I didn't know soros pwned Asia too at some point
Soros likes to f*ck anything Asian. Soros likes to fuck anything that will make him tens of millions of dollars |
18QpV8ZF3Y4oK8guDQiwTAK73W9r5nvBtm
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EscrowBTC
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August 01, 2013, 02:06:04 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.
Sure! You can't give much money or much power to someone who can't handle that. The consequences would be catastrophic. Anyway, I hope Thailand is the first and the last country where bitcoins are illegal. |
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Hailong
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A PhD Student in Economics
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August 01, 2013, 04:33:23 PM |
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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.
Sure! You can't give much money or much power to someone who can't handle that. The consequences would be catastrophic. Anyway, I hope Thailand is the first and the last country where bitcoins are illegal. It is a canard, you don't have to hope Thailand is the "first" one. Haha. |
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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Littleshop
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Merit: 1003
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August 03, 2013, 03:49:24 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.
Sure! You can't give much money or much power to someone who can't handle that. The consequences would be catastrophic. Anyway, I hope Thailand is the first and the last country where bitcoins are illegal. Thread title is incorrect. Bitcoin is not illegal in Thailand. It is just a pile of FUD. |
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JakeMC
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August 03, 2013, 05:23:28 AM |
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I doubt the domino effect would trigger from thailand, lol..
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BitcoinChick25
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August 08, 2013, 08:45:15 AM |
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probably usa
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Ghostofkobra
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August 08, 2013, 09:09:26 AM |
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I dont worry much about Thailand,,,,
Bitcoin is legal in Sweden and according to the Swedish SEC (finansinspektionen) it is to be classified as a "means of payment" (i guess currency).
Sweden is a part of the European union and hopefully the EU has reached a consensus on the issue and than Bitcoin is here to stay.
/GoK
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Behemot
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August 10, 2013, 05:00:38 AM |
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Believe me that only reason they will accept BTC officialy for is just to rob you (read: taxes on it).
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p2pbucks
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August 11, 2013, 04:57:16 AM |
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US i guess , Bo is a dictator
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heiska
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August 11, 2013, 08:02:20 AM |
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lepko
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August 11, 2013, 06:12:19 PM |
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Asian countries are pegged to the dollar (that's how the Americain Empire has been really built according to John Perkins one of the first Economics Hitman recruited by the NSA http://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man) So it is understandable that they had been pressure to prevent virtual currency to compete with the dollar there. |
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Fiyasko
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Activity: 1428
Merit: 1001
Okey Dokey Lokey
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August 11, 2013, 08:30:30 PM |
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US is next
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