We are getting thrown under the bus by our goverment

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: Durr on June 08, 2011, 11:54:38 AM

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

Making bitcoins illegal will cause their price in dollars to increase, because they will become more scarce.

Just with like with booze and other drugs.

Plus everybody already knew about those since forever.

The publicity surrounding the bitcoin craze/scare/controversy/crackdown will bring more attention to our solution for the situation.

qikaifu

full member

Activity: 168

Merit: 100

God creats math and math creats bitcoin.

Quote from: Durr on June 08, 2011, 11:54:38 AM

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

it's not risk, but opportunity.

benjamindees

legendary

Activity: 1330

Merit: 1000

Quote from: Durr on June 08, 2011, 11:54:38 AM

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

So, less supply of BTC equals falling prices?

(Oh no, whatever you do, don't throw me in the brar patch!)

TraderTimm

legendary

Activity: 2408

Merit: 1121

Quote from: Durr on June 08, 2011, 11:54:38 AM

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

'The banks'?

And how would they achieve this miracle, exactly? Last I checked 'the banks' don't have any influence over Mt. Gox. Worst case scenario, btc gets frozen and another exchange takes its place. That is the beauty of a system that doesn't rely on central control. After a while, we won't even *need* exchanges.

Durr

newbie

Activity: 28

Merit: 0

Japan is a baby state of USA since WW2

If the banks decide to freeze MtGox accounts it will cause the price of Bitcoin to plummet. We're all taking this risk

mikewillz

member

Activity: 65

Merit: 10

Everything Mike Willz (Skype Mike_Willz) Google Me

http://www.baltimoresun.com/business/sns-rt-us-financial-bitcoitre7573t3-20110608,0,1767151.story

While little information about Bitcoin exchanges is publicly available, an item posted on a website called Bitcoin Watch states that Mt. Gox's bank account is in Japan, and anecdotal evidence suggests many other exchanges operate outside of the US.

Mt. Gox's website does not list a phone number, representatives could not be reached via email.

It's getting ugly..and the Media sucks!!

Topic: We are getting thrown under the bus by our goverment (Read 1275 times)