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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-01-03] WSJ: Malaysia's Central Bank Warns of Bitcoin Risks
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bitbouillion (OP)
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January 03, 2014, 08:24:54 PM
 #1
Just for the record

https://www.google.com/search?q=%22Malaysia%27s+Central+Bank+Warns+of+Bitcoin+Risks%22+and+site%3Awsj.com
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nastybit
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January 03, 2014, 09:01:20 PM
 #2
It seems the trend lately, I hope we don't have another China soon
Carlton Banks
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January 03, 2014, 09:37:26 PM
 #3
The decentralised bank of bitcoin has been warning of the dangers of fiat currency for a while now, I guess these central banks deserve a right to reply. People are free to make up their own mind about whose warnings are credible (or back both horses)
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ArticMine
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January 03, 2014, 09:44:03 PM
 #4
Quote from: odolvlobo on January 03, 2014, 09:06:04 PM
Here is the actual link: http://online.wsj.com/news/articles/SB10001424052702303640604579298421040674870

There is a reason the OP liked via Google namely to get around the paywall. If the newspaper wishes to get indexed by Google then they have to allow links from Google to bypass the paywall. This is the trade-off.
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
ninjaboon
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January 04, 2014, 04:24:29 AM
 #5
I'm the founder of BitcoinMalaysia. At least our Central Bank did not outlaw Bitcoin like Thailand and demand for altcoins/mining hardware is still crazy.
Bitcoin Malaysia | My Escrow Reputation | Blockchain Events Telegram Group |
bryant.coleman
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January 04, 2014, 02:37:33 PM
 #6
Good or bad, I am glad that Bitcoin is getting more and more recognition from the Central Banks. You can love it, or you can hate it. But you can't just ignore Bitcoin.  Grin
DeboraMeeks
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January 04, 2014, 02:51:29 PM
 #7
it seems central banks just like to copy-cat each other. just after china-India-malaysia. IMO if BTC's has a high popularity in these countries even if a country ban it people will make use of face-to-face and similar direct methods instead of exchangers.
LiteCoinGuy
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January 04, 2014, 03:26:50 PM
 #8
but also: Malaysian Central Bank Has No Plans To Regulate Bitcoin
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Carlton Banks
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January 04, 2014, 03:41:50 PM
 #9
Quote from: ninjaboon on January 04, 2014, 04:24:29 AM
I'm the founder of BitcoinMalaysia. At least our Central Bank did not outlaw Bitcoin like Thailand and demand for altcoins/mining hardware is still crazy.

That was just a rumour, the Thailand Central Bank didn't make that announcement. Someone reported it 2nd hand on a blog. Thailand Central Bank did not make any bitcoin or cryptocurrency before or after the rumour was started.
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ninjaboon
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January 05, 2014, 01:24:24 AM
 #10
Quote from: Carlton Banks on January 04, 2014, 03:41:50 PM
Quote from: ninjaboon on January 04, 2014, 04:24:29 AM
I'm the founder of BitcoinMalaysia. At least our Central Bank did not outlaw Bitcoin like Thailand and demand for altcoins/mining hardware is still crazy.

That was just a rumour, the Thailand Central Bank didn't make that announcement. Someone reported it 2nd hand on a blog. Thailand Central Bank did not make any bitcoin or cryptocurrency before or after the rumour was started.

I know it was a rumour but a lot of news site reported it and added the word "ban". So newbies will be vary of using BTC in Thailand now.
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