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Topic: Everyone is a victim not just the Gox customers - page 3. (Read 4107 times)

full member
Activity: 392
Merit: 116
Worlds Simplest Cryptocurrency Wallet
If it wasn't for evil governments regulating everything to death, then there would be dozens of exchanges all over the world, if not hundreds, simply exchanging fiat currencies for crypto currencies with no questions asked. The way it should be.

You could probably walk into a bank, a post office or various types of businesses and shops, and freely exchange your cash for other bearer instruments like gold, foreign exchange or BTC.

No. If it wasn't for the evil governments, there would be dozens of exchanges all over the world, you could walk into one of them and never see your money ever again..
legendary
Activity: 3906
Merit: 1373
We have been lax. We have been asleep. Here is a link to some info that has been around for years. That people are starting to wake up to. It is the reason that the U.S. Government and the banks are starting to get violent. People are waking up.

http://www.abodia.com/ucc/articles/UCC-Connection-Howard.htm

After you read the info contained in the above link, look at the solution: http://www.abodia.com/ucc/.

Use this info to bypass all government regulation of Bitcoin and lots of other things... at least in the U.S.

Smiley

EDIT: Download the info - maybe the whole Abodia site - because who knows how long government will allow it to remain UP, after it starts to become popular.
legendary
Activity: 1372
Merit: 1014
yep, and it continues on all levels: cash deposits being restricted = safest method outlawed = excellent for scammers using stolen accounts

Any regulation that creates a victimless crime, makes the world less safe. That is my theory.
sr. member
Activity: 435
Merit: 250
That is SO TRUE man! You are right, if only there were more exchanges just like Gox that would let us trade in USD and withdraw the USD, we wouldn't rely so heavily on gox.

I guess in a way, gox became a necessary evil. After all, it was the only exchange that attracted all the big investors and allowed people from all over the world to deposit and withdraw fiat.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
I am a victim. We need a government bailout. Give me money.
legendary
Activity: 1372
Merit: 1014
If it wasn't for evil governments regulating everything to death, then there would be dozens of exchanges all over the world, if not hundreds, simply exchanging fiat currencies for crypto currencies with no questions asked. The way it should be.

You could probably walk into a bank, a post office or various types of businesses and shops, and freely exchange your cash for other bearer instruments like gold, foreign exchange or BTC. Banks would offer BTC accounts just like European banks offer FX accounts for everyone. A few mouseclicks would be enough to convert some USD into BTC, in your bank's  online banking interface.

Can you imagine? No risk of getting scammed by unknown counterparties and excellent rates! That is free market; what we have today is a nightmare created by cancerous bureaucracies. Scammers reign freely while honest traders are arrested.

A reasonable limit such as $10K for cash transactions, would not be a hindrance at all. What we have today is not due to the prevention of money laundering but due to cancerous bureaucracies, trying to thrive and grow by sucking the lifeblood out of the real world.

Would Gox exist in such a free market? Maybe. Maybe they would not survive the competition.

To the people, it would not matter.

Gox is a government victim, and free trade is a victim.

WE ARE THE VICTIMS EVEN WITHOUT A GOX ACCOUNT.  Cry
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