Taiwan’s Government Says No To Bitcoin ATMs

Kungfucheez

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Quote from: BawsyBoss on January 06, 2014, 05:15:58 PM

Quote from: Kungfucheez on January 06, 2014, 04:57:06 PM

Quote from: hilariousandco on January 06, 2014, 10:43:21 AM

Quote from: Kungfucheez on January 06, 2014, 10:36:44 AM

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

BawsyBoss

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Quote from: Kungfucheez on January 06, 2014, 04:57:06 PM

Quote from: hilariousandco on January 06, 2014, 10:43:21 AM

Quote from: Kungfucheez on January 06, 2014, 10:36:44 AM

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.

Kungfucheez

member

Activity: 98

Merit: 10

Quote from: hilariousandco on January 06, 2014, 10:43:21 AM

Quote from: Kungfucheez on January 06, 2014, 10:36:44 AM

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.

hilariousandco

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Quote from: BitcoinBarrel on January 06, 2014, 11:23:32 AM

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.

gamybtc

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Quote from: BitcoinBarrel on January 06, 2014, 11:23:32 AM

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.

User_513

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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'.

BitCoinNutJob

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the east are being tricky

BitcoinBarrel

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Fill Your Barrel with Bitcoins!

Should probably ban Arcades too because tickets and prizes are not currency, neither are video games.

hilariousandco

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Quote from: Kungfucheez on January 06, 2014, 10:36:44 AM

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.

Kungfucheez

member

Activity: 98

Merit: 10

Am I supposed to care about Taiwan?

guybrushthreepwood

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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

hilariousandco

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Quote from: Borbolon on January 06, 2014, 07:58:47 AM

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?

bitrider

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interesting

bitcoinpsftp

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Merit: 10

Wow that's pretty sick. I'd have thought that Taiwan would be very open to ideas like bitcoin.

Borbolon

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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

Borbolon

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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/

Topic: Taiwan’s Government Says No To Bitcoin ATMs (Read 780 times)