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Author Topic: BTC based Stock Exchange Crackdown Starting?  (Read 1356 times)
prophetx
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October 10, 2013, 10:42:21 PM
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First there was BTCTC last month, now it is BitFunder (only stopping US business)... who is next?  Anyone have a list of the various exchanges?

News 23-09-13:  BTC-TC a leading exchange has announced that they will shut down http://thegenesisblock.com/btc-trading-corp-shutters-operations-cites-regulatory-environment/
News 08-10-13:BitFunder No Longer Available to US entities https://bitcointalk.org/index.php?topic=292384.msg3316080#msg3316080

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October 10, 2013, 10:52:09 PM
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If you have been reading Reddit /bitcoin you will know that a lot of big banks are closing any business that are related to Bitcoin, including exchanges.

Some of the blacklist banks: HSBC, Captial One and a lot more.

prophetx
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October 10, 2013, 11:08:50 PM
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If you have been reading Reddit /bitcoin you will know that a lot of big banks are closing any business that are related to Bitcoin, including exchanges.

Some of the blacklist banks: HSBC, Captial One and a lot more.

huh dont really use reddit... i only troll here at bitcointalk

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October 11, 2013, 12:19:58 AM
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Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.
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October 11, 2013, 12:48:40 AM
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Yap, it doesn't look good.

Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.

I liked the analogy, gonna use it sometime. Smiley
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October 11, 2013, 10:53:02 AM
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Yap, it doesn't look good.

Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.

I liked the analogy, gonna use it sometime. Smiley

Yea good point.  Decentralization needs to be a prime concept in new projects.  A lot of people here want to put their head in the sand when working on projects, ignoring legal or regulatory analysis which lets them ignore the decentrality requirement, but a lot of this work will be done in vain as the state apparatus crushes their effort.


WINGS Beta is live - list your ICO for only 5000 WINGS at https://wings.ai - over $650 Million raised by ICOs with WINGS
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October 11, 2013, 01:25:44 PM
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Yea good point.  Decentralization needs to be a prime concept in new projects.  A lot of people here want to put their head in the sand when working on projects, ignoring legal or regulatory analysis which lets them ignore the decentrality requirement, but a lot of this work will be done in vain as the state apparatus crushes their effort.
It's got to be done in the right order.

Everybody wants to start a business now, but currently if you want to build a decentralized business you have to build it from scratch since there are no tools to help you.

On the other hand what if someone started building, not a business, but a turnkey open source software platform for creating and operating arbitrary decentralized business? That would help things along, wouldn't it?
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