Thailand Bans Bitcoin | Bitcointalksearch.org

Bitobsessed

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Quote from: adamstgBit on July 29, 2013, 07:42:57 PM

Quote from: Vinnigar on July 29, 2013, 06:00:43 PM

http://www.telegraph.co.uk/finance/currency/10210022/Bitcoins-banned-in-Thailand.html#disqus_thread

This cant be good news for the price!

oh, but it is!

Next headline will read " NO ONE CARES, THERE IS NO STOPPING BTC, AHHHHHHHH BUY BUY BUY! "

or somthing to that effect...

This is what I was thinking. I could care less what a few bankers have to say about something that is going to ruin their fun.

Also this-

Quote from: BitPirate on July 29, 2013, 09:15:09 PM

Thailand hasn't banned Bitcoin -- it's just said that there are no laws governing it, and so therefore it is illegal. Many bureaucratic countries operate on this principle.

Big fail on the part of Bitcoin co, ltd for getting themselves into this situation, and then messing up the communications at the end of it.

ElectricMucus

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Quote from: vokain on July 30, 2013, 03:56:48 PM

Quote from: ElectricMucus on July 30, 2013, 03:53:35 PM

Quote from: vokain on July 30, 2013, 03:40:19 PM

perhaps one day we can collectively buy it from them

You can't.
http://en.wikipedia.org/wiki/International_Standards_Organization

perhaps one day we can buy thailand and install Bitcoin as the country's standard currency?

Feeling a bit fascist today?
Protip: There will be guns.

vokain

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Quote from: ElectricMucus on July 30, 2013, 03:53:35 PM

Quote from: vokain on July 30, 2013, 03:40:19 PM

perhaps one day we can collectively buy it from them

You can't.
http://en.wikipedia.org/wiki/International_Standards_Organization

perhaps one day we can buy thailand and install Bitcoin as the country's standard currency?

ElectricMucus

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Quote from: vokain on July 30, 2013, 03:40:19 PM

perhaps one day we can collectively buy it from them

You can't.
http://en.wikipedia.org/wiki/International_Standards_Organization

vokain

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perhaps one day we can collectively buy it from them

ElectricMucus

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Quote from: j05h on July 30, 2013, 12:34:11 AM

They may just be trying to avoid confusion.

en.wikipedia.org/wiki/฿

It's not but it is *slightly* ironic that it happens *this* way, considering there was a insufferable amount of Bitcoiners shilling for overtaking the Bhat symbol.

j05h

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They may just be trying to avoid confusion.

en.wikipedia.org/wiki/฿

superduh

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implosion the value goes to -100

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Thailand hasn't banned Bitcoin -- it's just said that there are no laws governing it, and so therefore it is illegal. Many bureaucratic countries operate on this principle.

Big fail on the part of Bitcoin co, ltd for getting themselves into this situation, and then messing up the communications at the end of it.

byronbb

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HODL OR DIE

US bans cocaine, price plummets...O WAIT.

adamstgBit

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Quote from: Vinnigar on July 29, 2013, 06:00:43 PM

http://www.telegraph.co.uk/finance/currency/10210022/Bitcoins-banned-in-Thailand.html#disqus_thread

This cant be good news for the price!

oh, but it is!

Next headline will read " NO ONE CARES, THERE IS NO STOPPING BTC, AHHHHHHHH BUY BUY BUY! "

or somthing to that effect...

Garr255

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Quote from: Qoheleth on July 29, 2013, 06:56:56 PM

Also, if Goat is to be believed, the guys that "Bitcoin Co Ltd" met with aren't even officers of the law - they're just some high-level bankers who gave their opinion that bitcoins were probably illegal. So even the "Bitcoin illegal in Thailand" part has a good chance of being misleading.

I highly trust Goat, so I know what side of the argument I'm on...

Qoheleth

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Spurn wild goose chases. Seek that which endures.

Also, if Goat is to be believed, the guys that "Bitcoin Co Ltd" met with aren't even officers of the law - they're just some high-level bankers who gave their opinion that bitcoins were probably illegal. So even the "Bitcoin illegal in Thailand" part has a good chance of being misleading.

Tirapon

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To be fair though, if this does turn out to be true, it doesn't make much difference who gave the presentation to the bank. And I'll be very dissapointed in Thailand being the first country to ban cryptocurrency outright.

Tirapon

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Quote from: Qoheleth on July 29, 2013, 06:35:28 PM

Quote from: Tirapon on July 29, 2013, 06:19:48 PM

When did Bitcoin become sentient and able to give presentations to banks? And when did it get its own website?

The entity in question is some Thai company called "Bitcoin Co., Ltd". Apparently they operate (or, well, used to operate) a currency exchange.

Whoever wrote the article was either pretty confused, or didn't realize that conflating Bitcoin as a whole with this Thai currency exchange would be pretty confusing to readers.

Agreed - My impression was that whoever wrote the article was in a rush to publish the sensationalist news, and didn't want to waste time making sure they got their facts straight.

Vinnigar

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Quote from: Tirapon on July 29, 2013, 06:32:32 PM

Quote from: MAbtc on July 29, 2013, 06:24:57 PM

Quote from: Tirapon on July 29, 2013, 06:19:48 PM

Quote

In a statement on its website, Bitcoin said it had given a presentation to the Bank of Thailand about how the currency works in a bid to operate in the country.

When did Bitcoin become sentient and able to give presentations to banks? And when did it get its own website?

I took that to mean the Bitcoin Foundation... just assuming, though.

I took it to mean that the journalist replaced 'Bitcoin Co. Ltd' with just 'Bitcoin', which could be quite misleading to the uninformed reader.

Yes, i took it to mean that too. But a misleading article nonetheless.

http://arstechnica.com/tech-policy/2013/07/thailand-bans-using-bitcoin-in-any-way-local-startup-reports/

This clears it up a bit!

Qoheleth

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Quote from: Tirapon on July 29, 2013, 06:19:48 PM

When did Bitcoin become sentient and able to give presentations to banks? And when did it get its own website?

The entity in question is some Thai company called "Bitcoin Co., Ltd". Apparently they operate (or, well, used to operate) a currency exchange.

Whoever wrote the article was either pretty confused, or didn't realize that conflating Bitcoin as a whole with this Thai currency exchange would be pretty confusing to readers.

Tirapon

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Quote from: MAbtc on July 29, 2013, 06:24:57 PM

Quote from: Tirapon on July 29, 2013, 06:19:48 PM

Quote

In a statement on its website, Bitcoin said it had given a presentation to the Bank of Thailand about how the currency works in a bid to operate in the country.

When did Bitcoin become sentient and able to give presentations to banks? And when did it get its own website?

I took that to mean the Bitcoin Foundation... just assuming, though.

I took it to mean that the journalist replaced 'Bitcoin Co. Ltd' with just 'Bitcoin', which could be quite misleading to the uninformed reader.

MonadTran

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Quote from: Vinnigar on July 29, 2013, 06:00:43 PM

Thailand Bans Bitcoin

I heard they banned prostitution too.

I especially like how they are presenting this: "due to lack of existing applicable laws, the following Bitcoin activities are illegal". Can be extended to anything: "due to lack of existing applicable laws, breathing is illegal".

Operatr

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I don't see how they can ban jack squat unless they banned their whole Internet too

Topic: Thailand Bans Bitcoin (Read 3131 times)