Bolivia Bans Bitcoin.

[MatTheCat]

Another developing state, that the US would very much like a piece of, bans Bitcoin

http://www.cityam.com/1403264481/bitcoin-banned-bolivian-central-bank-threat-national-currency

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

[faalhaas]

Sounds great!

[MoreFun]

Who the F cares about Bolivia.

It only means that BTC is doing something right.

[Miz4r]

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

[MatTheCat]

Who the F cares about Bolivia.

It only means that BTC is doing something right.

You don't think it is a bit fishy that Bitcoin is getting a very poor reception whenever it comes to the attention of any non NATO affiliated/controlled governments, whilst Western governments are all giving it the greenlight? I thought Bitcoin was meant to be a threat to the USD hegemony? If that is the case, why haven't the likes of Russia and China embraced it with open arms? Why isn't America banning it? Why are they legitimising Bitcoin by selling seized Bitcoins to entities such as large Western banks? IF Bitcoin was really a threat, the US could kill it stone dead, 2moro.

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

Just give it a few years m8. Something along those lines will come out about Bitcoins origins.

[MoreFun]

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

This stuff is forced by FUDsters who want cheap coins. When reading this quote it actually seems like true.

[MoreFun]

MatTheCat: China, Russia didn't accept BTC because they want to control things and are scared to change things that give power to people.

However, if BTC was created by NSA, which it was't, you would wish to hoooold BTC for a long time...

[romneymoney]

Why does it have to be all the dominoes falling rather than just take this news for what it is?
Maybe other countries follow, maybe not.  Perhaps it was the NSA, perhaps it was an independent programmer. 
Saying it with such certainty is ridiculous.

[thezerg]

Russia, China, Thailand, India, and no doubt many more to come.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

Russia, China, Thailand, Bolivia... what do all these countries have in common?  Lack of freedom and human rights.  (BTW, BTC seems ok in India, new exchanges etc have opened)

Saying Bitcoin is "the Man up to his same old tricks" is like saying that women's liberation was planned by "the Man" to put pressure on the middle east and other countries.

[Asrael999]

Who the F cares about Bolivia.

It only means that BTC is doing something right.

You don't think it is a bit fishy that Bitcoin is getting a very poor reception whenever it comes to the attention of any non NATO affiliated/controlled governments, whilst Western governments are all giving it the greenlight? I thought Bitcoin was meant to be a threat to the USD hegemony? If that is the case, why haven't the likes of Russia and China embraced it with open arms? Why isn't America banning it? Why are they legitimising Bitcoin by selling seized Bitcoins to entities such as large Western banks? IF Bitcoin was really a threat, the US could kill it stone dead, 2moro.

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

Just give it a few years m8. Something along those lines will come out about Bitcoins origins.

Perhaps it has something to do with the levels of corruption in the countries that are banning Bitcoin - corrupt regimes would have less interest in adopting an open protocol with a ledger of transactions that is open for all to view.

[Asrael999]

Russia, China, Thailand, India, and no doubt many more to come.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

Russia, China, Thailand, Bolivia... what do all these countries have in common?  Lack of freedom and human rights.  (BTW, BTC seems ok in India, new exchanges etc have opened)

Saying Bitcoin is "the Man up to his same old tricks" is like saying that women's liberation was planned by "the Man" to put pressure on the middle east and other countries.

No but Women's lib might have been planned by "the Man" to weaken the power of Labour and enhance the power of Capital -> double the supply of labour, and dramatically reduce its cost.  

Then again it might not. Just the law of unintended consequences

[Miz4r]

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

You actually believe this stuff yourself? Stop smoking too much of that stuff man it makes you paranoid.

Just give it a few years m8. Something along those lines will come out about Bitcoins origins.

I doubt it but I can't rule it out either. It just sounds too paranoid and conspiracy minded to me. There are many conspiracies going on of course and I am one to believe for instance that 9/11 was at least partly an inside job, and that most wars are not what most people think they are about. But that doesn't make every single thing you see some kind of conspiracy, can't you just fathom the idea that some random nerd genius came up with the idea of a cryptographic digital currency after seeing the flaws in our current monetary system and the fallout of the 2007-2008 economic crisis? To stay in your line of thinking I know that the NWO wants one global currency and do away with cash, but I doubt they had a cryptocoin in mind with a max of 21 million coins. Monopolies don't like the idea of decentralisation and not being able to control and inflate the money supply at their will.

[dgarcia]

Yeah. That's really bad news. Hopefully Zimbabwe and Somalia will not ban Bitcoin...

[bitrider]

Of course this NSA - USA/bitcoin domination story is possible. Personally I don't hold to it, but I am old enough to know that there is much that I don't know.

However...

It certainly is not a necessary condition for governments around the world to want to ban bitcoin/alts aggressively - and do everything they can to keep them out of their citizens' hands. Weak currencies and the central banks that create them, should shake in terror at the easy availability of a strong international store of value, that is liquid, exchangeable and transferable across borders. Banning bitcoin is simply the most predictable response to prevent collapse of their fiat. No conspiracy theories required.

See:

http://en.wikipedia.org/wiki/Occam%27s_razor

[windjc]

Another developing state, that the US would very much like a piece of, bans Bitcoin

http://www.cityam.com/1403264481/bitcoin-banned-bolivian-central-bank-threat-national-currency

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

MAT THE CAT
Losing credibility since 1842.

[Sandia]

Not banned in Thailand (I am buying btc tomorrow in Bangkok, at least 3 exchanges exist here, most buying done by bank transfers).
Not banned in China (exchanges operating on high volume, albeit with bank problems).
Not banned in Russia.
Not banned in India (exchanges opening now).

BTC banned in Bolivia?  Who cares?

[Pruden]

Not banned in Thailand (I am buying btc tomorrow in Bangkok, at least 3 exchanges exist here, most buying done by bank transfers).
Not banned in China (exchanges operating on high volume, albeit with bank problems).
Not banned in Russia.
Not banned in India (exchanges opening now).

BTC banned in Bolivia?  Who cares?

Yep. By what I know, Spanish news always end up translated as "banned". This is the first time the term is correctly used (unlike a couple of months ago in Colombia). It could still be argued that Bitcoin is not a currency, so you are bartering when exchanging it for goods or services, which would make the banning very arbitrary, but this is a real ban.

[p0peji]

Another developing state, that the US would very much like a piece of, bans Bitcoin

http://www.cityam.com/1403264481/bitcoin-banned-bolivian-central-bank-threat-national-currency

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

I agree that bitcoin might turn out to be yet another trojan horse, to get closer to a fully controlled police state.

[Raystonn]

Another developing state, that the US would very much like a piece of, bans Bitcoin

http://www.cityam.com/1403264481/bitcoin-banned-bolivian-central-bank-threat-national-currency

Russia, China, Thailand, India, and no doubt many more to come. They all know that Bitcoin was/is a pilot developed by NSA to wage financial warfare on other countries' economies. They can smell the US sanctions and/or other economic pressures and the capital flight via Bitcoin a mile off. A liquid Bitcoin market in a country also makes it very easy for powerful entities to get funds into that economy in order to sponsor 'destabilisers' of that economy/political system to do their deeds.

What we (including myself) all once thought was anarchic internet money of freedom, is actually The Man up to his same old tricks.

What is your current Bitcoin position?  Long, Short, or Flat?

[BitcoinBobbeh]

Can't tell if MTC is expert satirist or tinfoil hatter.