2013-12-10 Cyprus Central Bank warns about risks in use of Bitcoin

[bitbouillion]

http://www.cna.org.cy/webnewsEN.asp?a=6920172fd6f140dbb55eba24d5ddef2b

Cyprus Central Bank has warned that using the virtual currency Bitcoin is dangerous.

Replying to a CNA question on the matter, the Central Bank notes that “it considers the use of any kind of virtual money as particularly dangerous, given that it is not under any regulatory system and its operation is unchecked”.

At the same time, other CNA sources say that the government feels that the virtual currency is too risky at present.

[Mike Christ]

Does this count as irony?!

[Cunningham]

Cyprus Central Bank has warned that using the virtual currency Bitcoin is dangerous.

Bacteria has warned that using Penicillin is dangerous.

[babeq]

That's just Cyprus, they steal from them own citizens, we can't get them ank serious

[greenlion]

This just in ...

The fox warns that guarding the henhouse is dangerous!

[solex]

Do these people have the memory of a goldfish? Swim around the bowl and have a new experience again.
How recent was it that many Cypriots suffered from extreme danger when most of their savings was seized?

Looks like Cyprus is going to struggle to be a cryptcurrency hub, one of their few good ideas.

[TheButterZone]

Criminals warn that exercising the right of self-defense is dangerous.

[Akka]

Bitcoin Users warn about risks in use of the Cyprus Central Bank and depended organizations.

[Shermo]

Does this count as irony?!

Best case of irony I have seen in a long time.

[superresistant]

My bank account's got robbed by European Commission. Over 700k is lost.

 

[goxed]

Pot calling the kettle back

[laowai80]

Does this count as irony?!

Best case of irony I have seen in a long time.

yup

[bryant.coleman]

My bank account's got robbed by European Commission. Over 700k is lost.

 

I heard that Slovenia is the next in line. Can anyone update me on the situation there?

[DeboraMeeks]

Take about being rude considering the money they confiscated to pay the country's debt.

My bank account's got robbed by European Commission. Over 700k is lost.

 

I heard that Slovenia is the next in line. Can anyone update me on the situation there?

That's strange,isn't that were bitstamp is located?

[pand70]

Well they are saying pretty much the obvious. No need to jump on them because of that 
I mean it's not like they banned bitcoin or something 

[cr1776]

The wolf warning the sheep about the sheperds.

[Sindelar1938]

This is richly ironic
You gotta laugh at panicking central bankers who can sense their control slipping

[bryant.coleman]

That's strange,isn't that were bitstamp is located?

Yes. That's why I was asking. I hope the bankers will not seize the Bitstamp accounts and make a simple 90% haircut. 

[buzybit]

Cyprus Central Bank has warned that using the virtual currency Bitcoin is dangerous.

Bacteria has warned that using Penicillin is dangerous.

lolz!

really ironic situation here !

look guys lets face it:
banks will not wellcome bitcoin, they exist because you give them all your money to transfer/use/trade do whatever they want
after that they charge you fees for transactions, and lastly they can take all your money with a haircut

The situation with banks all around the world starts becoming ridiculous as more and more people understand how money works
https://www.youtube.com/watch?v=jqvKjsIxT_8
(plz watch zeit geist documentaries too)
Banks are starting to fear that decentralising the power of money creation, storing, transacting money etc is like they loosing power
so one after the other they will issue statements of how dangerous bitcoin is
that you should not touch it, how evil it is, etc etc
if they link it with god will, they will have a bigger influence too

here we have a crowd vs banking institutions battle!
i think crowd always wins!
bitcoin will win, as internet has won, as mobile apps have won, as revolutions have won etc...

and don't forget the revolution will not be centralized
https://bitcointalk.org/index.php?topic=371235.new#new

[marcus_of_augustus]

I suppose when you are waking up alongside severed horse head presents from the Russian mob then bitcoin 'pronouncements' can seem like a pleasant distraction ...