Topic: Liberty Reserve shutdown is a boost for Bitcoin? - page 10. (Read 12736 times)

Americans can wire any amount of money they want into MtGox once verified so they aren't being refused.

They are refusing US customers because if they want to do business with americans they need to register their business in america and comply with their rules and regulations.

So if MTgox worked according to US law and regulations nothing will happen, otherwise they had to refuse US customers or probably they can get seized by US govt.

I don't think so, because peoples don't have those funds, they are seized and yes that's true.

Lots of non US exchanges are refusing to service US customers.

I wonder if this is going to be the future for MtGox - kick out all the Americans ?

So BTC was up around $1 Billion and LR was around $6 Billion?

If all those people migrate to BTC could we see BTC increase by x6?

Then when the US Government makes it 90% impossible for Americans to exchange, will the value crash to nothing?

Japan (where MtGox is located) their economy ain't doing that well either, probably ahead of US for economic collapse and could probably get shut down there by Japan Government if not cockblocked by US Government already. Most of the BTC exchanges are in USD not GBP or Euro, right?

(i did post this in another thread, but it applies:)


i fear the LR bust will have bad consequences mid term. the guys that took LR down will make some big career improvments now. they are getting all this media coverage worldwide. they are heros. their self esteem will skyrocket. they are on the trip of their lives. soon the LR guys will be locked up forever. but the feds want more. they don´t want to sober up, they want more of this. they will look out for more prey. yep bitcoin. they don´t care if it´s decentralized. they will go for the exchanges instead. feds always get what they want. always. (always!) the merit will only be greater when they take down bitcoin, since anyone told them it´s impossible. never underestimete over-eager feds.

i think karpeles surely didn´t like the LR bust. he will contact kim dotcom soon...

they DO control the whole world. or at least most of it. i agree with your statement, though.

The US Government is not a person, its about 22 million people, and doesn't think with one mind.  Not even close.
There are quite a few in that government that really love Bitcoin, imagine that!  Think again before you pretend to speak for that population, or for the population of Bitcoin users.

If you see it as a battle, it may be one of those battles that you win by giving in, unless you would prefer that the victory go to some successor of Bitcoin rather than Bitcoin.
Not being naive, we can assume that there are some that will make their personal quest to fight all government, flaunt the laws, and find themselves sharing bunks with the Liberty Reserve folks.  Then we will have another thread about whether and how that prosecution was "bad for Bitcoin".

This sort of prosecution IS bad, because it will scare honest law abiding folks away.  They do not want to be associated with criminals.  If in the hearts and minds of the common person Bitcoin is nothing but druggies, pedos and dissatisfied revolutionaries, then the average person will have nothing to do with it.

There is far less than 1% adoption.  We may not even have 1% awareness, and those that are aware, are reading news like this.  So consider well how your messages are heard by the world of people that may someday read them.

American govt is crossing their limits, They just want to control whole world.

For those who are comparing bitcoin with American dollar (cash) and saying it's a p2p and US govt won't do anything are fool.
If Libertyreserve was hub of criminal payments, Bitcoin is heaven. It was also designed for high anonymity like LR.

Like casino gamblers, the libertarian uneducated kids always think they will be the strong ones  

Without American "example", Australia and Canada could be slavish...

Infrastructure pricing must be included in prices of the final product. Otherwise, the final product must be free. And electricity must be free this way.



No. I have a pretty nice, smart and beautiful girlfriend. We will be married next year.


Libertarianism is not anarchy. Libertarian system has police and law. But no more.

Yeah, living under the limey yoke like Australia and Canada!

Still, I like your revolutionary Russian spirit.


Why should only rich people be allowed to do business? It is naive to suppose that the current requirements are the end. They are not. Complying with them doesn't really help the state much. They will need True Names to be associated with bitcoin addresses. What are the requirements on bullion dealers? is bitcoin more or less portable and fungible than bullion?

I don't have to pay for it either.   It's just going to be dark.    But I like lights and thus I understand that electricity is not beamed to my home without infrastructure.  Honestly, I don't really think you know what you're talking about.  I think you're just regurgitating libertarian talking points and you're not doing a very good job.  I think you follow this "movement" just to belong to something. Because you're bored and maybe lonely.  You have the luxury of taking for granted that which makes it possible for you to speak what you speak.  To "vow" to tear down the very society that gives you the comfort zone to even suggest such things.

In the end, I think most people who say these things would be terrified if it actually came to pass. A world like a giant prison yard, without guards.  Who will protect you from the strong?  Who will shelter and feed you when the strong take everything you have by force?  No police, no rules, no law...only the strong survive.  My suggestion, is to really think about the reality of such a world, should it ever come to pass.  It's all good sitting in the comforts of home.  But when it's time to stand at post, that's when we separate the men from the boys.  That's when the strong prosper and the weak perish.

Thanks for the chat bro...gotta hit the sack.  I'll check back in the morning.    

You are probably right.  Guess it's good for those who like stability though. 

I pay for electricity by the way. I pay for Internet. Full price. Okay, without taxes these prices may be a bit higher. Anyway, that price will be more right. Because in this case if I didn't use electricity and the Internet, I don't need to pay for it.

And by the way, free roads and bridges are still possible in a libertarian system. Compare it with free software and web services. Owner of road and/or bridge still can sell advertisement places on his road.

I see this as bad news for bitcoin because its demonstrating exactly what power the US government has in the world.

The US Government want everyone to use the US Dollar for any kind of trade that involves international movements, its good for the dollar.

If we think this latest action is bad, think of what happened when a certain middle eastern dictator decided to start selling his oil in Euros rather than dollars?  He's dead now!

I really don't think the price is going to shoot up much until all this uncertainty is removed, and that isn't going to happen until the US Gov gets what it wants.  We are going to be here for a while!

We have plenty of socialist programs and they are awesome.  Always could use improving but we love em.  



LOL...so you don't use roads.  How about electricity and the infastructure that makes it possible.  Suppose you're talking this nonsense on a solar powered computer.  



No one pays 50% of their income and why we are still paying for healthcare is a national tragedy.  The ACA is a big step in the right direction but still, what we need is universal healthcare.  Healthcare is a basic human necessity.  You've still provided no valid reason to switch to an alternative.  Your alternative is selfish and says, "only the strong survive."  What we have now, is compassionate and says, "We're in this together."

It's a moral choice.  It's a no brainer for me.

Today... But tomorrow the situation will be different... Mark my words.

America is going to socialism/totalitarism gradually, because if it becomes socialistic in no time, people will make a revolution.


Libertarian system is not a stone age. It's a truly free life.

Are your "roads, brdges, hospitals" actually free? really? You pay taxes. But what if you don't use "roads and bridges"? Why do you need to pay for them via taxes?

Libertarian system means that you'l pay for real using of civilization goods and services. But wait... As I know, a lot of roads and bridges in US are paid. Why? You pay taxes and pay for brigdes???  You still need to pay for medicine and insurance (it's very expensive in the US). But you still pay taxes... Why??? Okay, you need to pay for military security. But not 50% of your income!

Yes, the kings and queens of delusion.  Thanks but no thanks.  Like I said, we like roads, bridges, lights, hospitals and all that stuff people take for granted.  Going back to the stone age, is not my idea of a good time.