eldentyrell (OP)
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felonious vagrancy, personified
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December 13, 2013, 01:11:02 PM |
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"Misuse could prompt law enforcement agencies to close Bitcoin exchange platforms and keep consumers from accessing their investment."
http://dealbook.nytimes.com/2013/12/13/european-union-warns-on-bitcoin/?_r=0How dare we get in the way of them Cyprusing more people? All your bitcoins are belong to Draghi. |
The printing press heralded the end of the Dark Ages and made the Enlightenment possible, but it took another three centuries before any country managed to put freedom of the press beyond the reach of legislators. So it may take a while before cryptocurrencies are free of the AML-NSA-KYC surveillance plague.
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LiteCoinGuy
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In Satoshi I Trust
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December 13, 2013, 01:19:34 PM |
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yes, if an exchange deals out of KYC and AML rules, this could happen to some exchanges. dont keep your coins online. “While virtual currencies continue to hit the headlines and are enjoying increasing popularity, consumers need to remain aware of the risks associated with them,” this is for the stupid people in the EU i guess  . everyone should know that this is high risk. |
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Carlton Banks
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December 13, 2013, 03:50:26 PM |
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I wonder how German bitcoin users will react to this? It is kind of bitcoin Meccah in Europe, and coincidentally the industrial center of Europe too. And the Euro has been losing it's popularity in Germany too, since long before bitcoin started to gain German fans.
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Vires in numeris
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murraypaul
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December 13, 2013, 03:59:15 PM |
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Yes, the only FUD here is in the original post in this thread.
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BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
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bryant.coleman
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December 13, 2013, 04:27:59 PM |
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BTC-E should be safe, as it is controlled by Russians. If the EU threatens BTC-E, Putin will just nuke them with his Iskander ICBM.  |
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jgarzik
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December 13, 2013, 04:47:55 PM |
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Only a fool, or a day trader, keeps anything of value on a centralized website like a bitcoin exchange.
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Jeff Garzik, Bloq CEO, former bitcoin core dev team; opinions are my own.
Visit bloq.com / metronome.io
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bitbouillion
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December 13, 2013, 04:51:32 PM |
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How they define "misuse". Hasn't been bribery, tax evasion, money laundering, fraud, drug and human trafficking, murder for hire, child pornography with Euros blatant misuse of the Euro currency? Are they going to shut down the Euro?
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laowai80
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December 13, 2013, 05:35:05 PM |
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I wonder how German bitcoin users will react to this? It is kind of bitcoin Meccah in Europe, and coincidentally the industrial center of Europe too. And the Euro has been losing it's popularity in Germany too, since long before bitcoin started to gain German fans.
How many bitcoins to bet Deutsche Mark will rise again? I think we'll see BTC/DM exchange rate some day  |
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Lethn
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December 13, 2013, 05:54:39 PM |
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Well, time to rent a private VPS and store my Bitcoins in Russia
kekekekekeekkekekee ^^
Also, reading that article more it's got some false statements going around there, I don't think we can really trust much information coming out of American media these days when it comes to Bitcoin nevermind anything else.
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laowai80
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December 13, 2013, 05:57:53 PM |
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Well, time to rent a private VPS and store my Bitcoins in Russia
kekekekekeekkekekee ^^
or China |
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cr1776
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December 13, 2013, 06:26:22 PM |
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Well, time to rent a private VPS and store my Bitcoins in Russia
kekekekekeekkekekee ^^
or China Or use a brain wallet or deterministic wallet so you don't have to store anything anywhere. ;-) |
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Gabi
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If you want to walk on water, get out of the boat
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December 13, 2013, 06:28:40 PM |
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and keep consumers from accessing their investment That is why your must have control of your coins and don't leave them on online wallets. So no one can keep you from accessing your money! |
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murraypaul
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December 13, 2013, 09:33:35 PM |
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How they define "misuse". Hasn't been bribery, tax evasion, money laundering, fraud, drug and human trafficking, murder for hire, child pornography with Euros blatant misuse of the Euro currency? Are they going to shut down the Euro?
If you read the actual article, you would see that the title of this thread is completely misleading, and the EU haven't threatened anything, they have warned people of the various risks involved. |
BTC: 16TgAGdiTSsTWSsBDphebNJCFr1NT78xFW
SRC: scefi1XMhq91n3oF5FrE3HqddVvvCZP9KB
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justusranvier
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December 13, 2013, 09:36:16 PM |
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Only a fool, or a day trader, keeps anything of value on a centralized website like a bitcoin exchange. Redundant |
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LiteCoinGuy
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In Satoshi I Trust
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December 13, 2013, 11:05:37 PM |
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I wonder how German bitcoin users will react to this? It is kind of bitcoin Meccah in Europe, and coincidentally the industrial center of Europe too. And the Euro has been losing it's popularity in Germany too, since long before bitcoin started to gain German fans.
How many bitcoins to bet Deutsche Mark will rise again? I think we'll see BTC/DM exchange rate some day would love to see that |
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bryant.coleman
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December 14, 2013, 02:37:49 PM |
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Well, time to rent a private VPS and store my Bitcoins in Russia
' Then be ready to pay the extortion money to the Russian mafia... and perhaps also to Putin. |
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rebuilder
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December 14, 2013, 03:37:28 PM |
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The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
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Selling out to advertisers shows you respect neither yourself nor the rest of us.
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Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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PenAndPaper
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December 14, 2013, 03:43:23 PM |
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I wonder how German bitcoin users will react to this? It is kind of bitcoin Meccah in Europe, and coincidentally the industrial center of Europe too. And the Euro has been losing it's popularity in Germany too, since long before bitcoin started to gain German fans.
I don't think that the euro losing any popularity in Germany. Actually they are the euro because Germany is the strongest economy in the eurozone. |
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bryant.coleman
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December 14, 2013, 04:23:44 PM |
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The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
Thanks for pointing it out. The term "seizure" itself is ridiculous. How can they seize the Bitcoins, when they don't have the private key? The only way for them to do so is to physically detain the owners, and then torture them to reveal their private keys. |
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Gabi
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If you want to walk on water, get out of the boat
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December 14, 2013, 11:26:54 PM |
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The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
Thanks for pointing it out. The term "seizure" itself is ridiculous. How can they seize the Bitcoins, when they don't have the private key? The only way for them to do so is to physically detain the owners, and then torture them to reveal their private keys. They can block services like exchanges and with them, all the coins they have |
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