Are The World's Finances That Bad, Is It Good for Bitcoin? - page 2.

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: Gabi on August 21, 2013, 01:40:41 PM

Quote from: steelboy on August 21, 2013, 12:48:33 PM

Quote from: seafarer124 on August 21, 2013, 12:03:40 PM

Adding insult to injury, the Italian government has banned cash transactions above 1,000 euros and rolled out a new army of tax police to seize people’s assets in a guilty-til-proven innocent system.[/b]

Have you got a link for this?

I can confirm there is a 1000€ top, there was a proposal to lower it to 500... and i can also confirm about the new "anti tax evasion" thing.

Bitcoin is exactly what Argentina need. It is the right thing at the right time over there. I can't wait to see how it develops.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote from: steelboy on August 21, 2013, 12:48:33 PM

Quote from: seafarer124 on August 21, 2013, 12:03:40 PM

Adding insult to injury, the Italian government has banned cash transactions above 1,000 euros and rolled out a new army of tax police to seize people’s assets in a guilty-til-proven innocent system.[/b]

Have you got a link for this?

I can confirm there is a 1000€ top, there was a proposal to lower it to 500... and i can also confirm about the new "anti tax evasion" thing.

Singlebyte

hero member

Activity: 854

Merit: 1000

You should see Argentina's economy. Bitcoins are exploding there.

From today's Washington Post
http://www.washingtonpost.com/blogs/the-switch/wp/2013/08/21/five-surprising-facts-about-bitcoin-2/

seafarer124

sr. member

Activity: 302

Merit: 250

Quote from: steelboy on August 21, 2013, 01:32:26 PM

Over 6% fees is ridiculous. As if you would use anything other than cash if that was the case. Roll Eyes

Could use Bitcoin Grin

Just found France is doing the same.

steelboy

hero member

Activity: 756

Merit: 1000

Over 6% fees is ridiculous. As if you would use anything other than cash if that was the case. Roll Eyes

seafarer124

sr. member

Activity: 302

Merit: 250

Quote from: seafarer124 on August 21, 2013, 12:59:32 PM

Quote from: steelboy on August 21, 2013, 12:48:33 PM

Quote from: seafarer124 on August 21, 2013, 12:03:40 PM

Adding insult to injury, the Italian government has banned cash transactions above 1,000 euros and rolled out a new army of tax police to seize people’s assets in a guilty-til-proven innocent system.[/b]

Have you got a link for this?

I read it here:

https://www.facebook.com/BitCoinThailand

Interesting you asked, I could not find anything to substantiate the report on the net. Strange there is not more reports on the limit.

I have just found this link:

http://www.globalblue.com/corporate/news/italys-policy-on-cash-payments-limits-sales/

seafarer124

sr. member

Activity: 302

Merit: 250

Quote from: steelboy on August 21, 2013, 12:48:33 PM

Quote from: seafarer124 on August 21, 2013, 12:03:40 PM

Adding insult to injury, the Italian government has banned cash transactions above 1,000 euros and rolled out a new army of tax police to seize people’s assets in a guilty-til-proven innocent system.[/b]

Have you got a link for this?

I read it here:

https://www.facebook.com/BitCoinThailand

JonHolmquist

full member

Activity: 169

Merit: 101

Jon Holmquist

Look up the civil forfeiture cases in the U.S.

There was just an article the other day about it being abused.

It certainly showcases some degree of corruption and maybe desperation in the U.S... But your question is whether it is good for Bitcoin...

Maybe.

The best thing for Bitcoin right now would be for the government to allow self-regulation inside the Bitcoin industry.

They'd only do that if they didn't feel threatened, right?

FeedbackLoop

hero member

Activity: 742

Merit: 500

Indians have long loved gold for a reason. Actually a great crowd in terms of alternatives to currency for Bitcoin to expand into. Especially so with all the controls the Indian government as been putting on gold imports.

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: seafarer124 on August 21, 2013, 12:03:40 PM

Adding insult to injury, the Italian government has banned cash transactions above 1,000 euros and rolled out a new army of tax police to seize people’s assets in a guilty-til-proven innocent system.[/b]

Have you got a link for this?

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Of course the whole fiat system crashing is good for bitcoin. This is why most of us are here.
People are looking for alternatives like bitcoin.

seafarer124

sr. member

Activity: 302

Merit: 250

Have just read the following article and others recently and wonder if this is good for Bitcoin.

"The news this morning tells us that Thailand is in recession. Indonesia is in a bear market.

India’s currency is plunging so rapidly that the government is desperately implementing capital controls. Japan’s trade deficit was the third worst on record last month.

Here in Italy, unemployment is at a record high, and financial-related suicides have increased 40% over last year (which itself was a record).

Adding insult to injury, the Italian government has banned cash transactions above 1,000 euros and rolled out a new army of tax police to seize people’s assets in a guilty-til-proven innocent system.

One of the bankers here, who hails from a boutique firm in Austria specializing in physical gold products, asked very plainly during lunch today: “Is there any good news?”

You bet.

The good news is that this fraudulent system of unchecked, unbacked paper currency is finally coming to an end."

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