Look at the Price and Facts People - page 3.

Silverpike

newbie

Activity: 54

Merit: 0

Quote from: clickbangdone on June 08, 2011, 02:12:20 AM

When the US government has their hands in the bitcoin business I doubt global buyers will continue to buy.

Would you continue to buy bitcoins if the US Government was regulating them?

If non-US countries know what they are doing, they won't give 2-shits about whether the US outlaws/regulates Bitcoin or not. That does not diminsh it's value, however it may make a certain part of the world's population ineligible to use Bitcoins.

Besides, it's completely moot. There's no way for the US government to block Bitcoins anyways; it's not technologically feasible. The only thing they could do is outlaw it's use at point-of-sale stores, which they have some influence over already.

jhansen858

sr. member

Activity: 364

Merit: 250

Bit coins are just as traceable as any currency with a serial number on it, and even more so then cash. government involvement is actually a good thing for bitcoins as it legitimises it, which would make people who are risk adverse and would otherwise steer clear of bitcoins, part of the community. Would you rather the government fight it, just hurting the value for everyone?

Sorry for all you who thought anarchy was going to ensue... Rich people are rich for a reason, they know how to watch their money and get more money. The cool thing here is that we as early adopters have a leg up on the old money in this case....

DamienBlack

jr. member

Activity: 56

Merit: 1

There really isn't a good way to regulate them... that's the point. How would you suggest they regulate them?

clickbangdone

newbie

Activity: 14

Merit: 0

Quote from: Findeton on June 08, 2011, 02:06:01 AM

Quote from: Dobrodav on June 08, 2011, 12:31:33 AM

I am think he want to say, that there is will no buyers in other countries.
They will start another chain, independent from bitcoin chain. Like you now USD and EUR. Something like that.
And this can happen, by the way.

I'm european, I have bitcoins. This is a free market: if mtgox doesn't allow you to buy them another exchange will do. I'm also able to buy anything from america (including assets) from europe.

You people are talking crazy.

You don't get the point

When the US government has their hands in the bitcoin business I doubt global buyers will continue to buy.

Would you continue to buy bitcoins if the US Government was regulating them?

Findeton

full member

Activity: 126

Merit: 100

Quote from: Dobrodav on June 08, 2011, 12:31:33 AM

I am think he want to say, that there is will no buyers in other countries.
They will start another chain, independent from bitcoin chain. Like you now USD and EUR. Something like that.
And this can happen, by the way.

I'm european, I have bitcoins. This is a free market: if mtgox doesn't allow you to buy them another exchange will do. I'm also able to buy anything from america (including assets) from europe.

You people are talking crazy.

TraderTimm

legendary

Activity: 2408

Merit: 1121

The best part about 'regulated' exchanges is it placates the government. Until they realize later that bitcoin's overarching goal was to supersede being exchanged into a local currency. At that point they'll bluster and call out "No Fair!", but we'll be too busy having fun to notice much

Jaime Frontero

full member

Activity: 126

Merit: 100

Quote from: Maxxx on June 08, 2011, 01:20:54 AM

Quote from: clickbangdone on June 08, 2011, 01:12:30 AM

Quote from: str4wm4n on June 08, 2011, 01:06:01 AM

government is for those who cannot govern themselves

I guess that's why the bitcoin exchanges are following government rules

Only the public exchanges.

heh.

+1

Maxxx

member

Activity: 70

Merit: 11

Quote from: clickbangdone on June 08, 2011, 01:12:30 AM

Quote from: str4wm4n on June 08, 2011, 01:06:01 AM

government is for those who cannot govern themselves

I guess that's why the bitcoin exchanges are following government rules

Only the public exchanges.

clickbangdone

newbie

Activity: 14

Merit: 0

Quote from: str4wm4n on June 08, 2011, 01:06:01 AM

government is for those who cannot govern themselves

I guess that's why the bitcoin exchanges are following government rules

str4wm4n

legendary

Activity: 1611

Merit: 1001

government is for those who cannot govern themselves

imperi

full member

Activity: 196

Merit: 101

I agree. Nothing has ever been done without great assistance from government employees before. Nothing.

clickbangdone

newbie

Activity: 14

Merit: 0

Quote from: Dobrodav on June 08, 2011, 12:31:33 AM

I am think he want to say, that there is will no buyers in other countries.
They will start another chain, independent from bitcoin chain. Like you now USD and EUR. Something like that.
And this can happen, by the way.

This could have been the plan all along anyway. That way each country can control their own VC. I agree with the whole premise of bitcoins but come on guys did you really think the governments of the world would let you create a currency without them.

Dobrodav

sr. member

Activity: 350

Merit: 250

I am think he want to say, that there is will no buyers in other countries.
They will start another chain, independent from bitcoin chain. Like you now USD and EUR. Something like that.
And this can happen, by the way.

charliesheen

member

Activity: 98

Merit: 10

Quote from: clickbangdone on June 08, 2011, 12:26:53 AM

Quote

And what is the correct exchange rate for 2 fiat currencies that have different rates of growth?

Who knows.
It seems to me the US government is allowing it and already has a plan for it and if that's the case you can say goodbye to the global buyers of bitcoins.

What are you trying to say then?

clickbangdone

newbie

Activity: 14

Merit: 0

Quote

And what is the correct exchange rate for 2 fiat currencies that have different rates of growth?

Who knows.
It seems to me the US government is allowing it and already has a plan for it and if that's the case you can say goodbye to the global buyers of bitcoins.

modster

newbie

Activity: 1

Merit: 0

This is exactly what I wanted to hear. To survive Bitcoin must work with government. This is a buy signal.

charliesheen

member

Activity: 98

Merit: 10

Quote from: clickbangdone on June 07, 2011, 11:40:54 PM

I have a feeling that before or right after the CIA conference on 6/14/2011 we will see a correction in the price.

And what is the correct exchange rate for 2 fiat currencies that have different rates of growth?

Dobrodav

sr. member

Activity: 350

Merit: 250

He was just listen carefully to Gavin. That is a public relation, you know. And Gavin work hardly to buy more time for bitcoins to start.
Edit: Or Gavin listen carefully to him, that dos not matter.

bitjet

hero member

Activity: 696

Merit: 500

Is anyone else as disgusted as I with Garzik's comments in the interview?

His interpretation of 'good guys' was pretty scary.

Dobrodav

sr. member

Activity: 350

Merit: 250

Well, there is always was a hope, that he will stand up and show his miracle ass, or another part, that makes girls hot.

Topic: Look at the Price and Facts People - page 3. (Read 6407 times)