Good news; ECB 2012/10 report on virtual currencies - page 4.

myrkul

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FIAT LIBERTAS RVAT CAELVM

Quote from: molecular on October 29, 2012, 03:58:35 PM

Quote from: myrkul on October 29, 2012, 03:26:24 PM

Quote from: Luno on October 29, 2012, 03:23:45 PM

Their main concern, which is mentioned in 3 different chapters, is that if there are more conventional banking fuck-ups, Bitcoin can gain traction fast, if supported by mass media, and be a threat to the trust in established financial institutions.

And it's a valid fear. Fuck up enough times, and people sho'nuff gonna drop you like a hot rock.

we should send this to the press so next time banks fuck up, the press know what to write about, hehehehe.

Make it part of the official Bitcoin press kit.

molecular

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Quote from: myrkul on October 29, 2012, 03:26:24 PM

Quote from: Luno on October 29, 2012, 03:23:45 PM

Their main concern, which is mentioned in 3 different chapters, is that if there are more conventional banking fuck-ups, Bitcoin can gain traction fast, if supported by mass media, and be a threat to the trust in established financial institutions.

And it's a valid fear. Fuck up enough times, and people sho'nuff gonna drop you like a hot rock.

we should send this to the press so next time banks fuck up, the press know what to write about, hehehehe.

molecular

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Activity: 2772

Merit: 1019

Quote from: paraipan on October 29, 2012, 03:49:16 PM

Wow, reading it as I type...

It seems the reading is more captivating than the typing Wink

From what you guys summarize, this seems pretty well researched... will print and read on train to work.

paraipan

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Firstbits: 1pirata

Wow, reading it as I type...

Isokivi

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Items flashing here available at btctrinkets.com

Seems like a fair and objective study when you take in to account the likeley backround of the people who put this together. Im loving it.

myrkul

hero member

Activity: 532

Merit: 500

FIAT LIBERTAS RVAT CAELVM

Quote from: Luno on October 29, 2012, 03:23:45 PM

Their main concern, which is mentioned in 3 different chapters, is that if there are more conventional banking fuck-ups, Bitcoin can gain traction fast, if supported by mass media, and be a threat to the trust in established financial institutions.

And it's a valid fear. Fuck up enough times, and people sho'nuff gonna drop you like a hot rock.

Luno

sr. member

Activity: 504

Merit: 250

Just read through this http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemes201210en.pdf

Half of this 55 page report concerns Bitcoins, ranging from legal, technical and political issues.

The conclusion is quite positive as it states that Bitcoin is not violating any EC virtual money or currency laws.

The paper also expresses the usual concerns; ponzi, money launder, non backed, terror funding, but find the risk of such transactions happening at any scale, very low.

Their main concern, which is mentioned in 3 different chapters, is that if there are more conventional banking fuck-ups, Bitcoin can gain traction fast, if supported by mass media, and be a threat to the trust in established financial institutions.

Strait talk report, high quality level of research into different aspects around Bitcoin.

Worth a read and to take along, if you have some explaining to take care of, with your local IRS office.

Topic: Good news; ECB 2012/10 report on virtual currencies - page 4. (Read 6840 times)