Topic: bitcoin.co.th trading suspended - page 4. (Read 21715 times)

I sold my entire Bitcoin holdings on reception of his news and burnt the money I received as not to get into any legal difficulties.

I've bribed a screw in the Hilton to right this comment as I was unaware both burning an image of the King, and lighting  a naked flame in a petrol station was illegal here.

There's a fine line.

For me it's difficult not to attack him personally, since he personally spread this fake news which the stupid media copy-pasted without bothering to check if it was legit...

While it's not his fault if the media are stupid, it is definitely his fault if he spread FUD.

That's the same quoted text dave!!!

“Listening to their explanation, it is almost in the direction of the exchange rate so we asked they stop so we could investigate first and for now we asked they not involve themselves with the Baht because what they do may be a way to speculate on the exchange rate. Hence, we asked for time to look at the issue first. For the issue that they explained on being able to oversee other countries, the BOT asked them to send more information first”

“ฟังที่เขาอธิบาย มันค่อนไปในทางเกี่ยวข้องกับอัตราแลกเปลี่ยน จึงต้องขอให้เขาหยุดและตรวจสอบก่อน และเวลานี้เราก็ขอให้เขาไม่มายุ่งกับเงินบาท เพราะสิ่งที่เขาทำอาจเป็นช่องทางเข้ามาเก็งกำไรอัตราแลกเปลี่ยนก็เป็นได้ จึงขอเวลาศึกษาก่อน ส่วนกรณีที่เขาชี้แจงว่า สามารถทำได้ในการกำกับดูแลของประเทศอื่นๆ ทางแบงก์ชาติก็ขอให้เขาส่งข้อมูลมาให้ดูเพิ่มเติมแล้ว” นายประสาร กล่าว

It's completely different to what you were saying are you crazy man?

....edit: looks like they didn't even flat out refuse your bank account why didn't you put more effort in and get yourself a little exchange going mate

Dave111223,

Thank you for replying. I have actually never said that I did not believe you (you can check if you like), I only asked you for your sources, as you had provided none.

I understand however,why you may have defaulted to this hostile view of my questions, as I did read the whole thread through and can see that it may have appeared to you that people were attacking you personally, when I think really they were havign difficulty communicating that they did not believe your 'story' without the provision of credible sources.

thanks.

e4xit

Governor of Bank of Thailand (head of the central bank) has already verified points mentioned in the source as accurate:
http://www.posttoday.com/เศรษฐกิจ-หุ้น/การเงิน/237451/ธปท-จับตาเฟดตัดสินคิวอี
(roughly translated: http://asiancorrespondent.com/111332/has-bitcoin-been-banned-from-thailand/)

And has not denounced any part of the statement as false or inaccurate.

Given this; why would you assume that the source is in fact fabricated?

too many commas mate

"On paper" is a commonly used western phrase, meaning that the idea being discussed (usually, but not exclusively orally) has been laid down properly.
In this context, it would be taken (by a westerner) to mean "laid down by law (officially)".

I, of course, do not want him to print out the original article on paper, and take a picture of it for me.

Apologies if the idiom was above your understanding of English (or you are not a native speaker etc).

thanks.

Dave111223,

Please accept my apologies for this. I have amended my post accordingly.

Please feel free to rebut the unverified bits of information identified within the post in any order you so choose.

thanks.

Why do you keep insisting there should be something on paper? Is Bitcoin on paper?

Wow what a whole bunch of nothing!

e4xit you are quoting the article as my words, please correct this.

dave111223,

You claim to have had a meeting "with about 15 members of the Bank of Thailand in attendance" - unverified

You claim that they have told you "the following Bitcoin activities are illegal in Thailand: Unverified

• Buying Bitcoins
• Selling Bitcoins
• Buying any goods or services in exchange for Bitcoins
• Selling any goods or services for Bitcoins
• Sending Bitcoins to anyone located outside of Thailand
• Receiving Bitcoins from anyone located outside of Thailand

You (suspiciously) deleted a post whereby you claimed that the meeting/source was "As credible as sitting in the meeting myself, listening to the words coming out of their mouths"- Suspicious

You have also said that "When a senior official at a central bank tells you point-blank, "buying or selling bitcoins is illegal"" -Unverified

You have also said that "Alt-coins were discussed at the meeting, same rules apply." - Unverified

You have also said that "...for there to be any penalty it would have to go through the courts..." Seems sound

You quoted your lawyer in Thialand as having said that "In my home country of America, the fundamental basis of law is that every act is LEGAL, unless there is a law that makes that act illegal.  Thailand’s fundamental basis of law is quite different – in Thailand, every act is ILLEGAL, unless there is a law (and process, and procedure) to make it legal." - Unverified

You then said that "I'll make no further comment on the source document as it is already comprehensive." - Source is dubious

Your comments have then moved away from the topic at hand and morphed into insulting other members, and calling them out on semantics.

You have also agreed that there is "...nothing on paper." - Unverified

I think it should be your duty, as you were alledgedly involved in this meeting first hand, and then proceeded to act as lead journalist in the matter, to clear some of these unverified claims up.

You will be aware from above posters, that your story has garnered world-wide attention, and, if reliable, then you of course should have nothing to hide....

The longer that you hide/don't respond/fail to provide evidence, the more it looks like you may have mis-interpreted something (or perhaps you lawyer mis-interpreted something, or perhaps your lawyer's translator mis-interpreted something, idk) and the more it looks as if this "Original Source" of yours (i.e. YOUR OWN WEBSITE) is just as credible as me, sitting here, saying that I just got off the phonewith Thailand, and guess what, they told me that "Bitcoin is legal"

Edit: Strikethrough re/

To not shit yourself and turn pale you just have to be prepared as it is the most likely scenario.

http://www.posttoday.com/เศรษฐกิจ-หุ้น/การเงิน/237451/ธปท-จับตาเฟดตัดสินคิวอี

http://asiancorrespondent.com/111332/has-bitcoin-been-banned-from-thailand/

This is now also being reported by Heise, Germany's most important provider for IT news, Süddeutsche Zeitung, Germany's second largest daily newspaper and Der Standard, Austrias fourth largest daily newspaper.

Correct for once.  Did anyone actually read the source article?

Thailand may have draconian defamation laws, but except for the criminal part (which is rarely if ever applied between private parties), they are barely worse than those in the UK.  Even in the United States, with our vaunted First Amendment, you can be dragged through court on a bullshit libel case for months or years (though with good legal representation you stand a much better chance of it just being thrown out of court without a trial and getting your attorney fees paid by the other side).

I seriously doubt the Bank of Thailand is getting into an argument about what it did or didn't say.  It is the central bank of Thailand, which makes its President or Chairman or whatever the equivalent of Ben Bernanke in the U.S.  This actually does make what the bank says some form of "the law" in Thailand.  It doesn't make him some kind of king who can just spout off jackass pronouncements that contradict existing statutory law.

The Bank of Thailand has a website, and there is nothing on it about Bitcoin.  If it has promulgated regulations about Bitcoin, I can't find them.  But they probably don't just translate the possibly tens of thousands of pages of regulations they have into English and publish them the instant they make them.

I would assume (basing this assumption on the idea that a central bank in Thailand acts like one in other countries) that before actually issuing regulations, there is a public comment period of some kind where the regulations are proposed, there are then hearings, which usually involve interested parties such as actual bankers or other business people in the regulated industry, there is at least some pretense of considering these opinions, then the regulation is promulgated and becomes effective.  The central bank issues documents saying what the regulation is, the actual regulations (often incomprehensible gobbledygook to anyone other than a lawyer), an executive summary purporting to explain the regulations in simple terms, stuff like this.

Where is this stuff?  

While I can understand a business being very concerned about even an informal statement by something like the central bank of the country where they're operating, hey, if Ben Bernanke said Bitcoin was illegal tomorrow I might not get rid of my BTC but I'd certainly shit myself and turn pale, when a central bank actually takes an official position, there's PAPER about it.

Even in the U.S., FinCEN has said some somewhat disturbing things about their view of Bitcoin, but what they've said on paper has been fairly reasonable.

Where's the paper on all this bullshit?  If it's in Thai, someone needs to find it and translate it.  

Whether OP or Goat, or another person, someone needs to do this, because the bullshit is starting to stink.

He did say he was advised to not do pretty much anything bitcoin related anymore, and he did say he followed that advice

LOL... How has he quit the Thai BTC community?

How have I attacked any bitcoiners?  Your angst seems to be misdirected at best.

Anyway I am done with this conversation, you have been weighed, you have been measured and you have been found wanting.

Let us know when you've done all your fact checking, or grassing or whatever it is you are doing.