Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33377.

Rampion

legendary

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Quote from: ardana123 on May 28, 2013, 12:30:49 PM

Since bitcoin is p2p, can't the US gov just make isp's block that specific protocol?

You simply do not block p2p. You have to take down the internet to do that.

EDIT: p2p means that I connect to you directly, without going through a central server. You cannot block that, unless you block the internet.

ardana123

hero member

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Since bitcoin is p2p, can't the US gov just make isp's block that specific protocol?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Kazu on May 28, 2013, 12:18:07 PM

The issue is that the US government quickly dismantles any business that allows such a thing. Literally every single US based service ever that has enabled irreversible fast payments has been shut down. I'm not joking.

Good luck with "shutting down" Bitcoin.

I'm really hoping the US is so blind and short-sighted to officially outlaw Bitcoin, so a) Coinseeker and his likes stop using it because of that mental illness named "patriotism", and b) they learn in the very hard way that Bitcoin was designed to be resilient to both bans and regulation.

Anyhow, I guess all the financial institutions and their sockpuppets (AKA the three-letter agencies) have looked into it and realized they cannot just ban it, so they will play their cards differently.

ardana123

hero member

Activity: 504

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It's their paranoia toward funding terrorism. This is why we can almost be certain bitcoin will be hit hard (in the near future) by the US gov. Even though they can't destroy it and it will only come back stronger of course.

Kazu

full member

Activity: 168

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The issue is that the US government quickly dismantles any business that allows such a thing. Literally every single US based service ever that has enabled irreversible fast payments has been shut down. I'm not joking.

wilfried

sr. member

Activity: 288

Merit: 250

ManualMiner

what is it with those dwolla, okpay and so on, why do u.s. citizen need such enterprises?
dont you have wire transfer as in europe: you give your bank a account number, the sum to transfer and 1day to 10 days after its done. the whole thing works with webinterfaces of the banks too. why take a third party for that???

IG0BR0KE

newbie

Activity: 56

Merit: 0

Quote from: Geist on May 28, 2013, 12:01:56 PM

Quote from: adamstgBit on May 28, 2013, 11:50:46 AM

Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

i think the market is smart enough to realize things will get worse b4 it they get better... but they will get better.

because cavitrex is based in canada, for me sending money to the exchange is free, and as easy as paying my electric bill online.

the same can be true for a USD based exchange... not sure what's taking so long?? coinlab stop jerking off and do something!

I'm talking short-term of course. It's only up from here long-term, but after the drop to $124 yesterday, any bad news has the potential to drop it lower.

this is maybe just the reason why we get down yesterday. most of the time big boys have the news way before everyones.

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

ElectricMucus

legendary

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Marketing manager - GO MP

Quote from: dexX7 on May 28, 2013, 11:55:23 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

I requote, just to be sure nobody gets that wrong:

Quote

Bitcoin processing temporarily suspended
5/27/2013
Dear customers, we are currently suspending bitcoin processing.

https://www.okpay.com/en/company/news/bitcoin-okpay-terms-of-use.html

It's not the first time they done this, but the question remains: what is the reason and how is it linked to Gox?

My guess is they are waiting to see what happens with the dwolla account. They are in a similar situation, not necessarily affected themselves but the exchanges would be.
It's a precaution, for them it's better to lose a little business for the time than have to risk a mass of disgruntled consumers with frozen funds.

Geist

member

Activity: 70

Merit: 10

Quote from: adamstgBit on May 28, 2013, 11:50:46 AM

Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

i think the market is smart enough to realize things will get worse b4 it they get better... but they will get better.

because cavitrex is based in canada, for me sending money to the exchange is free, and as easy as paying my electric bill online.

the same can be true for a USD based exchange... not sure what's taking so long?? coinlab stop jerking off and do something!

I'm talking short-term of course. It's only up from here long-term, but after the drop to $124 yesterday, any bad news has the potential to drop it lower.

dexX7

legendary

Activity: 1106

Merit: 1026

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

I requote, just to be sure nobody gets that wrong:

Quote

Bitcoin processing temporarily suspended
5/27/2013
Dear customers, we are currently suspending bitcoin processing.

https://www.okpay.com/en/company/news/bitcoin-okpay-terms-of-use.html

It's not the first time they done this, but the question remains: what is the reason and how is it linked to Gox?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

i think the market is smart enough to realize things will get worse b4 it they get better... but they will get better.

because cavitrex is based in canada, for me sending money to the exchange is free, and as easy as paying my electric bill online.

the same can be true for a USD based exchange... not sure what's taking so long?? coinlab stop jerking off and do something!

San1ty

sr. member

Activity: 462

Merit: 250

Quote from: Geist on May 28, 2013, 11:37:39 AM

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

italeffect

sr. member

Activity: 255

Merit: 250

Is there still no official comment from Gox on Dwolla?

MelMan2002

sr. member

Activity: 461

Merit: 251

So does Gox have any plans to be a ripple gateway?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

bitcoin needs to make it own Okpay like service... and stop using these 3rd party systems.

Geist

member

Activity: 70

Merit: 10

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

So, downhill from here I guess?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: adamstgBit on May 28, 2013, 11:34:21 AM

http://www.coindesk.com/okpay-suspends-bitcoin-processing/

Cry

LOL, check this shit, it's hilarious:

Quote

Mt. Gox wishes the best to OKPay, and we look forward to working together more closely
in the future. The Bitcoin economy is going through many changes recently, and we are
positive that they will ultimately work themselves out in the best interests of the
community and the World.

Source: https://mtgox.com/pdf/20130528_okpay_statement.pdf

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner