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Author Topic: MESSAGE TO FEDS: PLEASE BAN BITCOIN  (Read 3278 times)
cryptoanarchist
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February 08, 2014, 12:18:45 AM
 #1

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.

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dissident
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February 08, 2014, 02:46:07 AM
 #2

banning bitcoin would mean that all the sites that may use it suddenly stop offering it. If the intention is to have it become a currency and not just speculate from price explosions, than your idea is most certainly not a good one.
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February 09, 2014, 07:59:10 AM
 #3

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



You are kidding, right?

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February 09, 2014, 01:37:45 PM
 #4

banning bitcoin would mean that all the sites that may use it suddenly stop offering it. If the intention is to have it become a currency and not just speculate from price explosions, than your idea is most certainly not a good one.

Then you must buy bitcoins before the ban happens so you can successfully Hodl!

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February 09, 2014, 09:40:00 PM
 #5

lol we are already know they are on the case

matter of time

BTC.sx - Leveraged Bitcoin Trading. Simply use Bitcoin to take advantage of a rising or falling Bitcoin price.
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February 09, 2014, 09:48:59 PM
 #6

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



in this case if feds ban BTC (impossible)
prices will go down :p

because there would be no shops around for btc, only few people around interweb will use btc, so ban btc will not make price higher Tongue

(my guess)

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February 09, 2014, 09:51:18 PM
 #7

Well, the Feds are just inclusive to the U.S.A. so wouldn't that mean that just Americans and U.S based Bitcoin shops would not be able to use Bitcoin anymore? The rest of the world would still be fine.

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February 09, 2014, 09:58:20 PM
 #8

Well, the Feds are just inclusive to the U.S.A. so wouldn't that mean that just Americans and U.S based Bitcoin shops would not be able to use Bitcoin anymore? The rest of the world would still be fine.
aaahok Smiley if so ....

but there is a risk of dumping coins after ban.

Better to stay like it is now Smiley and just spread it wider across globe!

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timmmers
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February 10, 2014, 10:50:39 PM
 #9

Stupid attention seeker.
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February 11, 2014, 12:17:13 AM
 #10

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications. 
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February 11, 2014, 12:18:29 AM
 #11

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications.  
You clearly have no idea of anything Wink (in a good way?). Banning something makes it harder to obtain, and therefore, more valuable. That doesn't mean I agree with the OP, though, I am just claiming you would usually be wrong. Most items actually do increase in value when prohibited.

Forever strong.
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February 11, 2014, 12:19:20 AM
 #12

Won't work because you can't smoke/inject/eat a bitcoin.

cryptoanarchist
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February 11, 2014, 02:26:45 AM
 #13

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications.  

You're a moron of epic proportions average American. Marijuana is more expensive where it is still illegal, but an actual example shouldn't be needed where common sense should suffice.

Good things don't need to be "legal" for people to want to use them. Bitcoin doesn't need government approval any more than weed does.
cryptoanarchist
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February 11, 2014, 02:28:00 AM
 #14

Won't work because you can't smoke/inject/eat a bitcoin.

But you can buy things you can smoke/inject/eat with bitcoins.
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February 11, 2014, 02:55:15 AM
 #15

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



in this case if feds ban BTC (impossible)
prices will go down :p

because there would be no shops around for btc, only few people around interweb will use btc, so ban btc will not make price higher Tongue

(my guess)


+1, although they could make it a crime to use BTC, and close all exchanges. BTC wouldnt last very long
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February 11, 2014, 02:56:59 AM
 #16

Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



in this case if feds ban BTC (impossible)
prices will go down :p

because there would be no shops around for btc, only few people around interweb will use btc, so ban btc will not make price higher Tongue

(my guess)


+1, although they could make it a crime to use BTC, and close all exchanges. BTC wouldnt last very long

But lucly for us - there is no reason to do that! Smiley

Bitcoin is a way of new world order! Better world order!

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CryptoPanda
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February 11, 2014, 05:03:50 PM
 #17

the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down

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February 11, 2014, 05:32:10 PM
 #18

the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down

Sure it does.
Thats why from all of Ccryptocurrencies in bitcoin I trust most.

As long as people use coin. Coin wont die.

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CryptoPanda
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February 12, 2014, 12:00:37 PM
 #19

the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down

Sure it does.
Thats why from all of Ccryptocurrencies in bitcoin I trust most.

As long as people use coin. Coin wont die.


yup, it's the only one that's actually being used so far.

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February 12, 2014, 12:20:31 PM
 #20

Nah, I remember it crash so bad after the drug ban..

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