[2015-02-11] Accept That BTC Is A Currency & Stop Blaming The Victims of Crime

[LiteCoinGuy]

Accept That Bitcoin Is A Currency And Stop Blaming The Victims of Crime

In Hong Kong the Bitcoin “investment scheme” MyCoin has reportedly disappeared, along with over $350 million. The Hong Kong government’s response was to issue a warning about Bitcoin and digital currencies in general. That probably doesn't raise many eyebrows; we have all become accustomed to that response, but replace “Bitcoin” with almost anything else of value that could be stolen and the Hong Kong Monetary Authority (HKMA)'s reaction would be outrageous. There is no talk about investigating or attempting to prosecute the crime, just a warning. The attitude that comes across is “What do you expect if you own a virtual currency?” Replace those last two words with gold or U.S. dollars, or almost anything else for that matter, and the statement becomes an insult.

http://www.nasdaq.com/article/accept-that-bitcoin-is-a-currency-and-stop-blaming-the-victims-of-crime-cm442726

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[LiteCoinGuy]

The Mycoin scandal in Hong Kong had nothing to do with actual bitcoins

http://qz.com/342464/the-mycoin-scandal-in-hong-kong-had-very-little-to-do-with-actual-bitcoins/

[RodeoX]

Translation from goverment-regulationeez:
"We don't understand bitcoin, so we are advising people to not use it. And since we have no ability to enforce the law, we are going with blaming the victim."

[unamis76]

Translation from goverment-regulationeez:
"We don't understand bitcoin, so we are advising people to not use it. And since we have no ability to enforce the law, we are going with blaming the victim."

Either this or "Bitcoin will kill our sources of profit, and we are afraid of it, so please do not use it"

[tins]

Translation from goverment-regulationeez:
"We don't understand bitcoin, so we are advising people to not use it. And since we have no ability to enforce the law, we are going with blaming the victim."

Either this or "Bitcoin will kill our sources of profit, and we are afraid of it, so please do not use it"

I'd agree...might even change "profit" with "authority".

[shawshankinmate37927]

Either this or "Bitcoin will kill our sources of profit, and we are afraid of it, so please do not use it"

I'd agree...might even change "profit" with "authority".

or "power"

[LiteCoinGuy]

MyCoin is 'classic Ponzi scheme' but bitcoin shouldn't be blamed

http://www.ibtimes.co.uk/mycoin-classic-ponzi-scheme-bitcoin-shouldnt-be-blamed-lawyers-say-1487740