your are right bryant.coleman
localbitcoins and as more and more services emerge
it will become more difficult for the government to do something for it
Topic: 2013-12-13: European Union threatens bitcoin seizures (Read 2454 times)
They can block services like exchanges and with them, all the coins they have
If they block the exchanges, then I'll rely on Localbitcoins to convert my BTCs to cash. Nothing the EU can do about it.
They can block services like exchanges and with them, all the coins they have
Not if those services hold customer bitcoins in a voting pool, they can't.
yes the only thing they can do is block the exchanges from giving you real money! or transforming real money to bitcoins ...
another thing i believe is that they comment against bitcoin - every now and then - so that the price drops and then rise again
i think it is all in the profit game after all!
another thing i believe is that they comment against bitcoin - every now and then - so that the price drops and then rise again
i think it is all in the profit game after all!
The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
"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.
The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
"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.
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.
The proper title for this thread is:
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
"2013-12-13: NY Times Dealbook: European Union Warns on Bitcoin"
Just FYI.
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.
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
Only a fool, or a day trader, keeps anything of value on a centralized website like a bitcoin exchange.
Redundant 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.
Quote
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! Well, time to rent a private VPS and store my Bitcoins in Russia
kekekekekeekkekekee ^^
kekekekekeekkekekee ^^
or China
Or use a brain wallet or deterministic wallet so you don't have to store anything anywhere. ;-)
Well, time to rent a private VPS and store my Bitcoins in Russia
kekekekekeekkekekee ^^
kekekekekeekkekekee ^^
or China
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.
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.
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
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?
Only a fool, or a day trader, keeps anything of value on a centralized website like a bitcoin exchange.
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.
Yes, the only FUD here is in the original post in this thread.
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.
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.
“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. 
Quote
"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=0
How dare we get in the way of them Cyprusing more people?
All your bitcoins are belong to Draghi.
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