Who tha fuck writes these articles?!
European Central Bank didn't came down against Bitcoin and neither that gentleman!
Why do I keep wasting time reading these crap...
Topic: European Central Bank comes down against Bitcoin - page 2. (Read 2534 times)
So bit coin is tiny and nothing to worry about? Why are they bothering to attack it then?
We just want to protect our valued customers and don't want to see them get hurt. We are always looking out for their best interests.
Yeah, right.
So bit coin is tiny and nothing to worry about? Why are they bothering to attack it then?
We just want to protect our valued customers and don't want to see them get hurt. We are always looking out for their best interests.
This part sounds good:
"Their special feature is that payments are made directly between the participants without a bank as an intermediary. The elimination of any bank charges achieved in this way is often claimed to be an advantage."
Careful! It's about to get scary:
...However, exchange rate losses can quickly cancel out this advantage. For example, the Bitcoin exchange rate, determined by supply and demand, slumped from €170 to €70 in April 2013 after the Bitcoin exchange temporarily suspended trading and triggered panic selling. Further price falls occurred after hacker attacks, when Bitcoins were stolen on several occasions.
Translation:
BTC has risks, so you should stick with the Euro and watch your country descend into chaos, like Greece.
...
"Their special feature is that payments are made directly between the participants without a bank as an intermediary. The elimination of any bank charges achieved in this way is often claimed to be an advantage."
Careful! It's about to get scary:
...However, exchange rate losses can quickly cancel out this advantage. For example, the Bitcoin exchange rate, determined by supply and demand, slumped from €170 to €70 in April 2013 after the Bitcoin exchange temporarily suspended trading and triggered panic selling. Further price falls occurred after hacker attacks, when Bitcoins were stolen on several occasions.
Translation:
BTC has risks, so you should stick with the Euro and watch your country descend into chaos, like Greece.
...
So bit coin is tiny and nothing to worry about? Why are they bothering to attack it then?
They need to show people their tax money is being spent by people who really care.
Seriously, the EU is in a state of constant crisis and Germany is tired of bailing out the weaker countries.
This part sounds good:
"Their special feature is that payments are made directly between the participants without a bank as an intermediary. The elimination of any bank charges achieved in this way is often claimed to be an advantage."
Careful! It's about to get scary:
...However, exchange rate losses can quickly cancel out this advantage. For example, the Bitcoin exchange rate, determined by supply and demand, slumped from €170 to €70 in April 2013 after the Bitcoin exchange temporarily suspended trading and triggered panic selling. Further price falls occurred after hacker attacks, when Bitcoins were stolen on several occasions.
Translation:
BTC has risks, so you should stick with the Euro and watch your country descend into chaos, like Greece.
"Their special feature is that payments are made directly between the participants without a bank as an intermediary. The elimination of any bank charges achieved in this way is often claimed to be an advantage."
Careful! It's about to get scary:
...However, exchange rate losses can quickly cancel out this advantage. For example, the Bitcoin exchange rate, determined by supply and demand, slumped from €170 to €70 in April 2013 after the Bitcoin exchange temporarily suspended trading and triggered panic selling. Further price falls occurred after hacker attacks, when Bitcoins were stolen on several occasions.
Translation:
BTC has risks, so you should stick with the Euro and watch your country descend into chaos, like Greece.
So bit coin is tiny and nothing to worry about? Why are they bothering to attack it then?
That's why you should only use Bitcoin-Central that's backed by a bank - Lemon Way. They'll even throw in a free app for the privilege of you giving them your vitals. davout is the bestest!
In fact, I'd say davout is the most trustworthy person on this forum, hence theymos making him staff. He was kind enough to take my 1,132 BTC outta InstaWallet during the "hack" and wash the bitcoins prior to safekeeping them in one of his fat-ass bitcoin wallets, where they still reside today.
I highly recommend anybody in the Euro zone to use Bitcoin-Central for all their bitcoin transfer needs. But, you better hurry, for Bitcoin-Central is the only company left outta five entities build with Paymium's $400K USD VC. Let's just say that the otheres didn't make it with no fault of their own. Shit happens!
~Bruno Kucinskas
PS: If you get a chance, ask Boussac what happened to him while he was in Amsterdam during the last conference.
Bitcoin-Central: The only safe way to transfer bitcoins in and out in Europe. And, remember, they're backed by a bank - Lemon Way, the entity with ONLY ONE app as their claim-to-fame, conveniently located walking distance from Paymium's front door, albeit they've been know to use mostly the back door themselves.
In fact, I'd say davout is the most trustworthy person on this forum, hence theymos making him staff. He was kind enough to take my 1,132 BTC outta InstaWallet during the "hack" and wash the bitcoins prior to safekeeping them in one of his fat-ass bitcoin wallets, where they still reside today.
I highly recommend anybody in the Euro zone to use Bitcoin-Central for all their bitcoin transfer needs. But, you better hurry, for Bitcoin-Central is the only company left outta five entities build with Paymium's $400K USD VC. Let's just say that the otheres didn't make it with no fault of their own. Shit happens!
~Bruno Kucinskas
PS: If you get a chance, ask Boussac what happened to him while he was in Amsterdam during the last conference.
Bitcoin-Central: The only safe way to transfer bitcoins in and out in Europe. And, remember, they're backed by a bank - Lemon Way, the entity with ONLY ONE app as their claim-to-fame, conveniently located walking distance from Paymium's front door, albeit they've been know to use mostly the back door themselves.
European Central Bank comes down against Bitcoin
http://www.cryptocoinsnews.com/news/european-central-bank-comes-bitcoin/2014/05/27
http://www.cryptocoinsnews.com/news/european-central-bank-comes-bitcoin/2014/05/27
Screw the EU.
It has lost relevancy anyway.
very interesting.
I've actually worked with groups in Europe who build these local currencies. Mostly they are popular with white middle class populations in Western Europe who are not happy with the government. Does the EU have the right to ban or restrict this kind of economic activity? It's a good question and this article is a good example of how far the EU authorities are willing to go to impose their sense of order on the population.
the Euro is strong?
-bm
Quote
"Mr. Mersch, of the ECB, goes on to criticize ‘local currencies‘ that have come into existence. These, local, currencies were established to promote local trade and the ECB feels that their use has the potential to regionalize and stagnate growth and development. He sees the Euro as the only acceptable currency and store of value within the EU area."
I've actually worked with groups in Europe who build these local currencies. Mostly they are popular with white middle class populations in Western Europe who are not happy with the government. Does the EU have the right to ban or restrict this kind of economic activity? It's a good question and this article is a good example of how far the EU authorities are willing to go to impose their sense of order on the population.
Quote
"The Euro is strong, so why does it perceive cryptocurrencies to be a threat?"
the Euro is strong?
-bm
This part sounds good:
"Their special feature is that payments are made directly between the participants without a bank as an intermediary. The elimination of any bank charges achieved in this way is often claimed to be an advantage."
Careful! It's about to get scary:
...However, exchange rate losses can quickly cancel out this advantage. For example, the Bitcoin exchange rate, determined by supply and demand, slumped from €170 to €70 in April 2013 after the Bitcoin exchange temporarily suspended trading and triggered panic selling. Further price falls occurred after hacker attacks, when Bitcoins were stolen on several occasions.
Translation:
BTC has risks, so you should stick with the Euro and watch your country descend into chaos, like Greece.
"Their special feature is that payments are made directly between the participants without a bank as an intermediary. The elimination of any bank charges achieved in this way is often claimed to be an advantage."
Careful! It's about to get scary:
...However, exchange rate losses can quickly cancel out this advantage. For example, the Bitcoin exchange rate, determined by supply and demand, slumped from €170 to €70 in April 2013 after the Bitcoin exchange temporarily suspended trading and triggered panic selling. Further price falls occurred after hacker attacks, when Bitcoins were stolen on several occasions.
Translation:
BTC has risks, so you should stick with the Euro and watch your country descend into chaos, like Greece.
European Central Bank comes down against Bitcoin
http://www.cryptocoinsnews.com/news/european-central-bank-comes-bitcoin/2014/05/27
http://www.cryptocoinsnews.com/news/european-central-bank-comes-bitcoin/2014/05/27
Jump to: