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Topic: Taiwan’s Government Says No To Bitcoin ATMs (Read 774 times)

member
Activity: 98
Merit: 10
January 06, 2014, 05:27:19 PM
#16
Am I supposed to care about Taiwan?

Well do you care about Bitcoin? We should be glad to see it accepted in more and more places and displeased when it's restricted.

Why does that matter to me? Taiwan could ban cars for all I care, doesn't effect me any. Only people it would effect are the Taiwanese, and I doubt many of them care.
The less people that obtain it, the less popular it'll be. The less popular it is, the lower its value. That's the simplified version, of course.

That's too simplified and not necessarily true. Just because one country doesn't adopt something, doesn't make it less popular automatically. If the Taiwanese really want bitcoin, then they can fight for it on their own
sr. member
Activity: 389
Merit: 250
Am I supposed to care about Taiwan?

Well do you care about Bitcoin? We should be glad to see it accepted in more and more places and displeased when it's restricted.

Why does that matter to me? Taiwan could ban cars for all I care, doesn't effect me any. Only people it would effect are the Taiwanese, and I doubt many of them care.
The less people that obtain it, the less popular it'll be. The less popular it is, the lower its value. That's the simplified version, of course.
member
Activity: 98
Merit: 10
Am I supposed to care about Taiwan?

Well do you care about Bitcoin? We should be glad to see it accepted in more and more places and displeased when it's restricted.

Why does that matter to me? Taiwan could ban cars for all I care, doesn't effect me any. Only people it would effect are the Taiwanese, and I doubt many of them care.
global moderator
Activity: 3990
Merit: 2713
Join the world-leading crypto sportsbook NOW!
Should probably ban Arcades too because tickets and prizes are not currency, neither are video games.

This is exactly my thinking. If people are using something as currency then who are the governments to tell us it's not.
member
Activity: 112
Merit: 10
Should probably ban Arcades too because tickets and prizes are not currency, neither are video games.

You are right. These people discourage the new systems always. They should ban tickets, prizes, and eitems are not currency.
member
Activity: 87
Merit: 10
What a shocker, a government says that a currency that is superior (BTC) to it's own fiat junk isn't to be used as 'money'.
legendary
Activity: 1316
Merit: 1000

the east are being tricky
legendary
Activity: 2008
Merit: 1028
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Should probably ban Arcades too because tickets and prizes are not currency, neither are video games.
global moderator
Activity: 3990
Merit: 2713
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Am I supposed to care about Taiwan?

Well do you care about Bitcoin? We should be glad to see it accepted in more and more places and displeased when it's restricted.
member
Activity: 98
Merit: 10
Am I supposed to care about Taiwan?
legendary
Activity: 1232
Merit: 1195
If people are using it then it's a currency. They gonna ban vending machines if people start using cans of coke as currency? lol
global moderator
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Taiwan’s Financial Supervisory Commission (FSC) will not allow the installation of Bitcoin ATMs in the country because it believes Bitcoins are not a currency and should therefore not be accepted by individuals or banks as payment, said FSC chairman Tseng Ming-chung. Tseng Ming-chung’s statement was reported yesterday by the Central News Agency (link via Google Translate), Taiwan’s state-run news service.

More: http://techcrunch.com/2014/01/05/taiwans-government-says-no-to-bitcoin-atms/

Bastards. What reasoning do they have for believing it's not a currency?
full member
Activity: 233
Merit: 101
interesting
member
Activity: 84
Merit: 10
Wow that's pretty sick.  I'd have thought that Taiwan would be very open to ideas like bitcoin. 
member
Activity: 112
Merit: 10
I've just seen this has already been published but I cannot delete it, sorry.  Embarrassed

This is the previous thread: https://bitcointalksearch.org/topic/taiwan-regulators-block-robocoin-bitcoin-atms-401022
member
Activity: 112
Merit: 10
Taiwan’s Financial Supervisory Commission (FSC) will not allow the installation of Bitcoin ATMs in the country because it believes Bitcoins are not a currency and should therefore not be accepted by individuals or banks as payment, said FSC chairman Tseng Ming-chung. Tseng Ming-chung’s statement was reported yesterday by the Central News Agency (link via Google Translate), Taiwan’s state-run news service.

More: http://techcrunch.com/2014/01/05/taiwans-government-says-no-to-bitcoin-atms/
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