E-gold bust relevant to bitcoins? | Bitcointalksearch.org

Jack of Diamonds

sr. member

Activity: 252

Merit: 251

Quote from: dissipate on June 06, 2011, 05:57:16 PM

Quote from: k on June 06, 2011, 05:56:34 PM

bitcoin is not a company that can be put out of business

Yes, but the exchanges, which are an integral part of the Bitcoin economy can be.

Depends on the country. Russian sites for one, are notorious for hanging around for years.

Only political favours or large payoffs from other countries will make the russian authorities give a shit about sites hosted in their country, legal or not
(And BTC exchanges are currently legal).

Many 'grey area' sites pay money to cops in these kind of nations so there is low incentive for interception

SicKk

newbie

Activity: 34

Merit: 0

Quote from: dissipate on June 06, 2011, 05:57:16 PM

Quote from: k on June 06, 2011, 05:56:34 PM

bitcoin is not a company that can be put out of business

Yes, but the exchanges, which are an integral part of the Bitcoin economy can be.

never gonna happen, there is still Ukash , PaySafeCard and other companies where you can start working as an exchanger and the servers that you could use, don't have to be in a "illigal" legislation country.

k

sr. member

Activity: 451

Merit: 250

true, but bitcoin it self could still survive.
US $ value may take a bit of a dive (temporarily), but I believe it could survive. And other exchanges/methods of exchange that would be more resilient would spring up eventually is my prediction. I trust in the amazing innovation and imagination of the network.

dissipate

sr. member

Activity: 288

Merit: 251