Author

Topic: BTC based Stock Exchange Crackdown Starting? (Read 1467 times)

legendary
Activity: 1400
Merit: 1013
October 11, 2013, 08:25:44 AM
#7
Yea good point.  Decentralization needs to be a prime concept in new projects.  A lot of people here want to put their head in the sand when working on projects, ignoring legal or regulatory analysis which lets them ignore the decentrality requirement, but a lot of this work will be done in vain as the state apparatus crushes their effort.
It's got to be done in the right order.

Everybody wants to start a business now, but currently if you want to build a decentralized business you have to build it from scratch since there are no tools to help you.

On the other hand what if someone started building, not a business, but a turnkey open source software platform for creating and operating arbitrary decentralized business? That would help things along, wouldn't it?
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
Yap, it doesn't look good.

Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.

I liked the analogy, gonna use it sometime. Smiley

Yea good point.  Decentralization needs to be a prime concept in new projects.  A lot of people here want to put their head in the sand when working on projects, ignoring legal or regulatory analysis which lets them ignore the decentrality requirement, but a lot of this work will be done in vain as the state apparatus crushes their effort.

legendary
Activity: 2786
Merit: 1031
Yap, it doesn't look good.

Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.

I liked the analogy, gonna use it sometime. Smiley
legendary
Activity: 1400
Merit: 1013
Eventually all the Napster-style bitcoin business models will fail and be replaced by P2P Bittorrent-like replacements.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
If you have been reading Reddit /bitcoin you will know that a lot of big banks are closing any business that are related to Bitcoin, including exchanges.

Some of the blacklist banks: HSBC, Captial One and a lot more.

huh dont really use reddit... i only troll here at bitcointalk
member
Activity: 84
Merit: 10
If you have been reading Reddit /bitcoin you will know that a lot of big banks are closing any business that are related to Bitcoin, including exchanges.

Some of the blacklist banks: HSBC, Captial One and a lot more.
legendary
Activity: 1666
Merit: 1010
he who has the gold makes the rules
First there was BTCTC last month, now it is BitFunder (only stopping US business)... who is next?  Anyone have a list of the various exchanges?

News 23-09-13:  BTC-TC a leading exchange has announced that they will shut down http://thegenesisblock.com/btc-trading-corp-shutters-operations-cites-regulatory-environment/
News 08-10-13:BitFunder No Longer Available to US entities https://bitcointalksearch.org/topic/m.3316080
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