Topic: Major western Bitcoin exchanges about to be investigated and probably SHUTDOWN - page 2. (Read 4637 times)

If any exchanges are found to have connection the price will rally like mad because bitcoin withdrawals are the fastest means of getting out of the exchange.

To give a real answer... why wouldn't it? This is what is downloading the blockchain and acting as a node. I can't fathom anything that would make this stop, as every other service relies on it as well (as far as I know?). I do know there are custom implementations, but the principal remains that this shouldn't magically die off. And if it did, your wallet would be worthless.

Lolz.

First, fonzie and now good ole walsoraj! This thread is getting better and better!

So funny, noobs are eating this up like there's no tomorrow.

I vote fonzie for the Funniest Poster of The Year Award!

No. The qt client includes self-detonation code that will activate at or near the year 2140.

So bitcoin-qt will work forever?

You can import that wallet file at blockchain.info for one, or you can simply re-download Bitcoin-QT.

What would happen with my bitcoins if I have them on a wallet.dat file from bitcoin-qt and bitcoin-qt stops operating?

Can I still get them in some other way?

$60 to go.

Severing coinbase from stamp effectively kills stamp.

Coinbase is not really an exchange, no. They more so act in the capacity of a broker. (And I suspect they front run their customers as well)

Is coinbase not an exchange?

Correct.

But if it's an FBI operation it stops at the border. If it's international then some other agency could be involved. That's the point I was making. It doesn't need to go off the deep end here. That's why the FBI can't arrest anyone in other countries.

Why is it that everyone only classifies Coinbase as a US exchange? Cryptsy is based in the US as well and is starting to take fiat conversions.

Without speaking to anything else, I'd say the list of countries who wouldn't be pressured into complying is very short. And from there, the list of countries where investors would want to set up shop is even shorter.

Only for the ones who'd have them frozen...but other countries aren't at the mercy of the us, we don't run the world. US has lost credibility world wide and people are jumping ship. Whether other countries would comply who knows but the entire exchange here was to the statement that the FBI has jurisdiction to freeze assets or do anything whatsoever anywhere but this country and they do not. It was pointing out that FBI isn't global. Not that US can't or doesn't work with other nations but only then are they with agencies OTHER THAN THE FBI. That was so the ones freaking out could settle down...there were other stories this week about Japan doing all sorts of crackdowns on Japan based exchanges, their own silk road raids and it didn't do shit to the market one way or another.

But this whole topic isn't about the government trying to attack the exchanges...they're looking at specified criminal activities vis silk road that may be linked to any other exchanges, and then the only ones they can mess with legally is any exchange in THIS country.  So for the inth time, are there more than just coinbase in the us?

If coinbase is the only one, I doubt seriously it'll be adversely affected because they're far too much in the white zone and unconnected with "dark net" activities. At absolute most if coinbase turns over information, they probably won't do shit until they secure legal protection (if they're smart) to make sure the subpoena specifies what or who they're after and it's not just a catchall of names - which is ILLEGAL in this country.

Yes, so in practice, what is your point? US government handle it extra-judicially by pressuring businesses to comply. Otherwise they pressure the resident government. Either way, you'd be fooling yourself to believe the exchanges are out of reach for them. Start freezing assets and it's game over.

SO does anyone who actually knows what they're talking about have the list of US based exchanges?


Then the US didn't shut them down, the country they were based in did. No matter how spooky you seem to think the USG is, they have limits on what they can and cannot do and if this is the FBI investigating LOCAL crimes they can't operate legally outside this country. If the gambling operation had a bank in the us, then their assets could be frozen. But if they did not, then the US did not freeze a damn thing.

If the WEBSITE ISP HOST was based in the US then the US would have jurisdiction over the isp or hosting company...not the company running the gambling site. At absolute most they could just force the site down, and the company who owns the site moves to other servers in other locations and back up and running. The business didn't get shut down. Because the US has no authority to do that anywhere but the US (FBI, which is interstate, not a global enforcer).

Everyone is free to decide for themself. It´s just an official big warning sign. How many Goxcoins have you bought on bitcoinbuilder btw?
You posted about it during that time

So you can guarantee that they are not, and that no one should trade there anymore?

The US shut down the 3 big poker sites and froze all of their assets.  All of them were based out of countries other than the US.