What is HYIP?
http://en.wikipedia.org/wiki/HYIP
Topic: Crooks from LibertyReserve (Read 602 times)
What is HYIP?
I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR. It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky". The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).
Yeah true, HYIP guys don't want to use bitcoin because price is not stable and it's doesn't fits into HYIP structure.
That and Bitcoin HYIPs are so 2012
US gov is powerfull enough to make btc useless
Nonsense. They may be able to lower its price ( temporarily ) by making it inconvenient to exchange to fiat but they can't do much else to it.
Look at how well they do with getting rid of the drug trade or file sharing...
I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR. It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky". The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).
Yeah true, HYIP guys don't want to use bitcoin because price is not stable and it's doesn't fits into HYIP structure.
if they all run to bitcoins it spells trouble for coin. do you think? US gov is powerfull enough to make btc useless
They are coming, check different forums. BTC is their 1st choice after LR and do you think bitcoin is "white label currency" ?
Check silkroad and other sites they are using it from a long time for illegal purpose.
I have been doing some casual research on a bunch of forums & sites (HYIP) which deal with LR. It seems the consensus (simplified by me) is that "Bitcoin is hard, volatile, and too risky". The vast majority seem to be going from one failed centralized virtual currency to another one (i.e. Perfect Money, HD Money, etc).
I think they are trying to close all ways to deposit fiat in mtgox.
I've read that they've confirmed they don't "mind" bitcoin, as long as people pay taxes and don't facilitate illegal activity.
if they all run to bitcoins it spells trouble for coin. do you think? US gov is powerfull enough to make btc useless
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