Author

Topic: MESSAGE TO FEDS: PLEASE BAN BITCOIN (Read 3387 times)

legendary
Activity: 1120
Merit: 1003
February 14, 2014, 07:27:18 PM
#32
tor market bitcoin traffic is roughly 1-2% of trade. its just what bitcoin is most popular for. law enforcement have made arrests against many of the top vendors. they had everything, and you should have known this by now.

Who have the Feds busted? BTCKing, Shrem and DPR are the only ones I've heard of, and there were thousands of SR vendors that are still walking free.
member
Activity: 70
Merit: 10
February 14, 2014, 04:23:08 PM
#31
Well, the Feds are just inclusive to the U.S.A. so wouldn't that mean that just Americans and U.S based Bitcoin shops would not be able to use Bitcoin anymore? The rest of the world would still be fine.

I'm not sure about other developed countries and their ability to resist US influence, though. But I wouldn't want to underestimate them...
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
February 14, 2014, 03:29:17 PM
#30
Nah, I remember it crash so bad after the drug ban..

Illegal drugs have been prohibited for a long time, not just after the creation of bitcoin
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
February 14, 2014, 12:34:45 PM
#29
tor market bitcoin traffic is roughly 1-2% of trade. its just what bitcoin is most popular for. law enforcement have made arrests against many of the top vendors. they had everything, and you should have known this by now.
legendary
Activity: 1120
Merit: 1003
February 14, 2014, 12:22:27 PM
#28

Yea true, but BTC is being used because its a legal way of purchasing such products,...


Um, no. BTC was originally used to buy drugs off the internet more than anything else - not legal in any sense of the word.


...I mean what other reason is there for BTC to be honest. I mean anonymity is only truely needed when you don't want others to know what you are up too.

Do you really have to ask? The reduction in fees and the lack of chargebacks are the only reasons merchants need to accept bitcoin, irregardless of the legality. Legality is only important to those who find it important. I will still use bitcoins if they're banned, and I will be more profitable than the guy who is worried about the legality.

I'm sure your first response is, "what good will your profits do you in jail?", which is a childish and naive response. Tell it to the thousands of people who sold drugs on the Silk Road and were never caught but made a ton of money. Oh right, you don't know who they are. Well, neither does law enforcement. Ha ha.
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
February 14, 2014, 11:41:11 AM
#27
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications. 


Earth. Uhm, Cocaine? Costs pennies to produce, sells for outrageous amounts due to being banned?

While I imagine the OP was tongue in cheek, do think before posting...


Yea true, but BTC is being used because its a legal way of purchasing such products, I mean what other reason is there for BTC to be honest. I mean anonymity is only truely needed when you don't want others to know what you are up too.

True. I just thought the above post was one of the more poorly thought out things I'd ever seen. And I'm not young.
full member
Activity: 140
Merit: 101
Trading BTC, looking for amazon cards
February 14, 2014, 11:33:33 AM
#26
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications. 


Earth. Uhm, Cocaine? Costs pennies to produce, sells for outrageous amounts due to being banned?

While I imagine the OP was tongue in cheek, do think before posting...


Yea true, but BTC is being used because its a legal way of purchasing such products, I mean what other reason is there for BTC to be honest. I mean anonymity is only truely needed when you don't want others to know what you are up too.
legendary
Activity: 1372
Merit: 1022
Anarchy is not chaos.
February 14, 2014, 11:32:28 AM
#25
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications. 


Earth. Uhm, Cocaine? Costs pennies to produce, sells for outrageous amounts due to being banned?

While I imagine the OP was tongue in cheek, do think before posting...
newbie
Activity: 14
Merit: 0
February 14, 2014, 11:28:11 AM
#24
I'd like to give value to systems such as Bittorrent if they give back value to those who have worked on creation

Creation...be it in the mind...is valuable and should be given it's fair consideration of Appreciation...

Else,
 we create an economy scared to trust others ...

and scaring away the innovators and creative artists of the world.

In my judgement...

 that is greedy or Evil.
hero member
Activity: 798
Merit: 1000
www.DonateMedia.org
February 13, 2014, 09:48:37 PM
#23
They will, right after they get done banning BitTorrent... Roll Eyes
newbie
Activity: 14
Merit: 0
February 13, 2014, 03:20:04 PM
#22
When there is a lot of dishonesty...

like online news these days...

we need a system to simplify honesty...

When there is very little honesty, we need to put intelligent checks on honesty...

[That, is where it all begins...these troubled waters and all...]

That is when the value of honesty goes up...
legendary
Activity: 2212
Merit: 1199
February 12, 2014, 08:08:45 AM
#21
the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down

Sure it does.
Thats why from all of Ccryptocurrencies in bitcoin I trust most.

As long as people use coin. Coin wont die.


yup, it's the only one that's actually being used so far.


We can say that LTC is in use too, but mostly BTC.
sr. member
Activity: 420
Merit: 250
February 12, 2014, 07:20:31 AM
#20
Nah, I remember it crash so bad after the drug ban..
sr. member
Activity: 910
Merit: 302
February 12, 2014, 07:00:37 AM
#19
the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down

Sure it does.
Thats why from all of Ccryptocurrencies in bitcoin I trust most.

As long as people use coin. Coin wont die.


yup, it's the only one that's actually being used so far.
legendary
Activity: 2212
Merit: 1199
February 11, 2014, 12:32:10 PM
#18
the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down

Sure it does.
Thats why from all of Ccryptocurrencies in bitcoin I trust most.

As long as people use coin. Coin wont die.
sr. member
Activity: 910
Merit: 302
February 11, 2014, 12:03:50 PM
#17
the price of a stuff with intrinsic value does go up when banned
the price of a currency that's less used goes down
legendary
Activity: 2212
Merit: 1199
February 10, 2014, 09:56:59 PM
#16
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



in this case if feds ban BTC (impossible)
prices will go down :p

because there would be no shops around for btc, only few people around interweb will use btc, so ban btc will not make price higher Tongue

(my guess)


+1, although they could make it a crime to use BTC, and close all exchanges. BTC wouldnt last very long

But lucly for us - there is no reason to do that! Smiley

Bitcoin is a way of new world order! Better world order!
member
Activity: 71
Merit: 10
February 10, 2014, 09:55:15 PM
#15
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



in this case if feds ban BTC (impossible)
prices will go down :p

because there would be no shops around for btc, only few people around interweb will use btc, so ban btc will not make price higher Tongue

(my guess)


+1, although they could make it a crime to use BTC, and close all exchanges. BTC wouldnt last very long
legendary
Activity: 1120
Merit: 1003
February 10, 2014, 09:28:00 PM
#14
Won't work because you can't smoke/inject/eat a bitcoin.

But you can buy things you can smoke/inject/eat with bitcoins.
legendary
Activity: 1120
Merit: 1003
February 10, 2014, 09:26:45 PM
#13
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications.  

You're a moron of epic proportions average American. Marijuana is more expensive where it is still illegal, but an actual example shouldn't be needed where common sense should suffice.

Good things don't need to be "legal" for people to want to use them. Bitcoin doesn't need government approval any more than weed does.
full member
Activity: 134
Merit: 100
February 10, 2014, 07:19:20 PM
#12
Won't work because you can't smoke/inject/eat a bitcoin.
sr. member
Activity: 389
Merit: 250
February 10, 2014, 07:18:29 PM
#11
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications.  
You clearly have no idea of anything Wink (in a good way?). Banning something makes it harder to obtain, and therefore, more valuable. That doesn't mean I agree with the OP, though, I am just claiming you would usually be wrong. Most items actually do increase in value when prohibited.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
February 10, 2014, 07:17:13 PM
#10
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



This is the worst thing I have read all day...maybe all week.  What planet are you living on that makes banned items more valuable?   It makes them impossible to adopt/use without facing legal implications. 
sr. member
Activity: 1176
Merit: 265
February 10, 2014, 05:50:39 PM
#9
Stupid attention seeker.
legendary
Activity: 2212
Merit: 1199
February 09, 2014, 04:58:20 PM
#8
Well, the Feds are just inclusive to the U.S.A. so wouldn't that mean that just Americans and U.S based Bitcoin shops would not be able to use Bitcoin anymore? The rest of the world would still be fine.
aaahok Smiley if so ....

but there is a risk of dumping coins after ban.

Better to stay like it is now Smiley and just spread it wider across globe!
hero member
Activity: 980
Merit: 1000
www.DonateMedia.org
February 09, 2014, 04:51:18 PM
#7
Well, the Feds are just inclusive to the U.S.A. so wouldn't that mean that just Americans and U.S based Bitcoin shops would not be able to use Bitcoin anymore? The rest of the world would still be fine.
legendary
Activity: 2212
Merit: 1199
February 09, 2014, 04:48:59 PM
#6
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



in this case if feds ban BTC (impossible)
prices will go down :p

because there would be no shops around for btc, only few people around interweb will use btc, so ban btc will not make price higher Tongue

(my guess)
sr. member
Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
February 09, 2014, 04:40:00 PM
#5
lol we are already know they are on the case

matter of time
legendary
Activity: 2618
Merit: 1105
February 09, 2014, 08:37:45 AM
#4
banning bitcoin would mean that all the sites that may use it suddenly stop offering it. If the intention is to have it become a currency and not just speculate from price explosions, than your idea is most certainly not a good one.

Then you must buy bitcoins before the ban happens so you can successfully Hodl!
legendary
Activity: 1267
Merit: 1000
February 09, 2014, 02:59:10 AM
#3
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.



You are kidding, right?
sr. member
Activity: 280
Merit: 250
February 07, 2014, 09:46:07 PM
#2
banning bitcoin would mean that all the sites that may use it suddenly stop offering it. If the intention is to have it become a currency and not just speculate from price explosions, than your idea is most certainly not a good one.
legendary
Activity: 1120
Merit: 1003
February 07, 2014, 07:18:45 PM
#1
Whenever something is banned, its price goes UP.  Wink So please, ban to your evil heart's content.

Jump to: