Author

Topic: Bitcoin ban in Thailand a possible scam & crappy journalism (Read 4779 times)

newbie
Activity: 33
Merit: 0
Could be an attempt to cause a drop in bitcoin prices.

If people start to get worried that countries will start banning the use of bitcoins then it will definitely have an impact on their value.

I agree though, I'd like to see more sources confirming this before I take it as fact.

I saw the article talking about it on Reddit and was thinking the same thing - how legitimate is this source.
sr. member
Activity: 294
Merit: 250
Herp as in Herpetology?

If so, welcome my brother Cheesy

Used to catch lizards and dissect toads as a kid but that was the closest I got. Smiley
full member
Activity: 168
Merit: 100
Herp as in Herpetology?

If so, welcome my brother Cheesy
sr. member
Activity: 294
Merit: 250
It should be standard practice when practicing respectable journalism to verify an information from at least 3 sources. I see mainstream media like Marketwatch or Wired picked up on this news without verifying it. It's also featured on Coindesk as front page article.

Only source that released this info is a Thai exchange(https://bitcoin.co.th/). There's no other source basically. This is a small exchange by all standards operating in Thailand. It could be a scam for all we know. They might have invented a reason for shutting down and running away with customer money. They will most likely argue they can't send the deposited Bitcoins back to customers because it's now illegal to do so. How convenient for them!

Don't you find it a bit weird that the other two Thai exchanges are still open for business and didn't take part of that alleged meeting with Thai central bankers?
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