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Topic: Taiwan Regulators Block Robocoin Bitcoin ATMs (Read 2602 times)

hero member
Activity: 784
Merit: 1000
January 07, 2014, 10:47:23 PM
#31
Reminds me of the comment of one Chinese economist that PBOC calling Bitcoin not a currency is like McDonald saying KFC is not a fastfood shop.

That rampant HODL mentality is what made them consider bitcoin not be a currency but a speculative virtual commodity.

People had been hodling gold since time immemorial yet it was beyond doubt a currency.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
The population of Switzerland is 8 million and Germany is 82 million. The population of Taiwan is 23 million and China is 1.35 billion. It would be nice if it was the other way around. I'd give up Switzerland for China. The city of Guangzhou, China has 4 million more people than the country of Switzerland.

If we don't want users and are just looking at wealth then we need to get the tiny countries of Qatar (2 million) and Luxembourg (500 thousand people) on board.

Bitcoin is just 5 years old! So I will not complain at all. Switzerland and Germany is better than nothing at all. And I'd rank the German economy on par with the Chinese one.

Germany is a good one but it would be nice if we can get the larger ones too. GDP of Germany = 3.4 trillion USD, GDP of China = 8.227 trillion USD, GDP of USA = 15.68 trillion USD.
legendary
Activity: 3654
Merit: 1217
The population of Switzerland is 8 million and Germany is 82 million. The population of Taiwan is 23 million and China is 1.35 billion. It would be nice if it was the other way around. I'd give up Switzerland for China. The city of Guangzhou, China has 4 million more people than the country of Switzerland.

If we don't want users and are just looking at wealth then we need to get the tiny countries of Qatar (2 million) and Luxembourg (500 thousand people) on board.

Bitcoin is just 5 years old! So I will not complain at all. Switzerland and Germany is better than nothing at all. And I'd rank the German economy on par with the Chinese one.
full member
Activity: 134
Merit: 100
No way China-PRC is involved. Taiwan have monetary sovereignty. They can convert to foreign currency without restrictions, their policy is radically different to that of China mainland.

China is heavily influential in Taiwan...

http://en.wikipedia.org/wiki/Capital_punishment_in_Taiwan

Read the first two lines.
sr. member
Activity: 364
Merit: 250
Too bad to see these harsh restrictions.  Hopefully it's not a sign of things to come from other countries.
hero member
Activity: 1092
Merit: 500
Life is short, practice empathy in your life
Reminds me of the comment of one Chinese economist that PBOC calling Bitcoin not a currency is like McDonald saying KFC is not a fastfood shop.

That rampant HODL mentality is what made them consider bitcoin not be a currency but a speculative virtual commodity.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
We don't need Taiwan because we have the rest of the world.

Exactly. Already Switzerland, Germany and many other smaller nations have legalized Bitcoin. The rest will follow.

The population of Switzerland is 8 million and Germany is 82 million. The population of Taiwan is 23 million and China is 1.35 billion. It would be nice if it was the other way around. I'd give up Switzerland for China. The city of Guangzhou, China has 4 million more people than the country of Switzerland.

If we don't want users and are just looking at wealth then we need to get the tiny countries of Qatar (2 million) and Luxembourg (500 thousand people) on board.
legendary
Activity: 3654
Merit: 1217
We don't need Taiwan because we have the rest of the world.

Exactly. Already Switzerland, Germany and many other smaller nations have legalized Bitcoin. The rest will follow.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
We don't need Taiwan because we have the rest of the world.
legendary
Activity: 3654
Merit: 1217
who can tell me what's Robocoin in short?

Watch this video. Everything is crystal clear.

http://www.youtube.com/watch?v=0SidcjCLrQM
legendary
Activity: 1344
Merit: 1000
It is just hilarious that they want to stop the machines - as if this will do anything significant. They will just accelerate personal interest - which they can't stop

they want the machines to mine the coins
hero member
Activity: 784
Merit: 1000
Reminds me of the comment of one Chinese economist that PBOC calling Bitcoin not a currency is like McDonald saying KFC is not a fastfood shop.
full member
Activity: 233
Merit: 101
It is just hilarious that they want to stop the machines - as if this will do anything significant. They will just accelerate personal interest - which they can't stop
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
And at the next senate discussion about hot dogs there will be a missing and exploited children representant
donator
Activity: 1218
Merit: 1015
Ahh yes makes sense, because bitcoin is NOT a currency, providing services around it requires permission from the financiën supervisory commission...
I need FSC permission too for my hotdog stand now?
Well, it depends. Hot dogs have resale value and are therefor just another national currency token ("NCT"). Should you issue hot dog vouchers ("HDVs"), you would obviously need to register as a MSB (or US equiv.). Especially with the implementations of smart property in alternative protocols, there is a high probability of HDVs developing an underground market where pedophiles and terrorists sell HDVs for national currency to fund their activities. You will need to implement AML/KYC/BSA protocols for your business and do thorough checks on your customers, enforcing non-transferrable rules by yourself.

Looking at everything as an NCT, caterers are basically the most extreme of money-launderers, taking NCT from one person ("payment") and distributing ("feeding") NCT to unverified individuals who, say, show up to some underground rape/murder/terrorism party. You may just call it a wedding, but without doing AML/KYC checks on your friends and relatives, there's really no way to tell whether or not those hors d'oeuvres are supporting terrorism and sexual child exploitation. Being a responsible citizen, you must assume they are.

who can tell me what's Robocoin in short?
Google.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Taiwan is not China but this does not mean it is different from China. Maybe their government sucks exactly like china one.
legendary
Activity: 1316
Merit: 1000
Varanida : Fair & Transparent Digital Ecosystem
who can tell me what's Robocoin in short?
donator
Activity: 980
Merit: 1000
No way China-PRC is involved. Taiwan have monetary sovereignty. They can convert to foreign currency without restrictions, their policy is radically different to that of China mainland.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
Ahh yes makes sense, because bitcoin is NOT a currency, providing services around it requires permission from the financiën supervisory commission...
I need FSC permission too for my hotdog stand now?
You are clearly a money transmitter  Cheesy
legendary
Activity: 1937
Merit: 1001
Ahh yes makes sense, because bitcoin is NOT a currency, providing services around it requires permission from the financiën supervisory commission...
I need FSC permission too for my hotdog stand now?
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