We should really worry | Bitcointalksearch.org

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: Neuerung on February 26, 2014, 04:33:44 PM

Yes, the guys which got arrested where from localbitcoins.com
http://www.businessweek.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-case-prosecutor-says

Your logical fallacy is anecdotal

serje

legendary

Activity: 1232

Merit: 1002

Quote from: Neuerung on February 26, 2014, 04:33:44 PM

Quote from: troiste on February 26, 2014, 04:25:08 PM

Quote from: Neuerung on February 26, 2014, 03:45:36 PM

According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account
Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms.

So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts.

The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low.

Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more.

People who are exchanging btc locally are also in danger to get imprisoned for money laundering already.

All this would be a very hard hit to bitcoin.

What do you think? I this a realistic scenario? Should we really worry?

Ever heard of localbitcoins.com?

Yes, the guys which got arrested where from localbitcoins http://www.bloomberg.com/news/2014-02-09/miami-[Suspicious link removed]ests-may-be-first-state-prosecution.html .

Did you read the article? Or only the title?

It clearly says there that he got arrested because he sold BTC to a criminal! And that criminal told him what he wants to do with the BTC he is buying!
That could happen if I come to you and I say "mate please buy my phone because I need money to buy drugs!" You buy it and you get arrested because I'm trafficking drugs and I tell the cops will you lower my sentence if I tell you who gave me the money?

ISAWHIM

hero member

Activity: 504

Merit: 500

Bank denies BTC... Then wonders why it has no money to loan-out... Why no-one is getting loans... Why no-one is depositing... Dies...

Just like thousands of other banks every year.

Yawn.

New world, New order, New laws, New rulers... Old news.

Neuerung

newbie

Activity: 21

Merit: 0

Quote from: troiste on February 26, 2014, 04:25:08 PM

Quote from: Neuerung on February 26, 2014, 03:45:36 PM

According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account
Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms.

So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts.

The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low.

Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more.

People who are exchanging btc locally are also in danger to get imprisoned for money laundering already.

All this would be a very hard hit to bitcoin.

What do you think? I this a realistic scenario? Should we really worry?

Ever heard of localbitcoins.com?

Yes, the guys which got arrested where from localbitcoins.com
http://www.businessweek.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-case-prosecutor-says

troiste

full member

Activity: 140

Merit: 100

Quote from: Neuerung on February 26, 2014, 03:45:36 PM

According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account
Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms.

So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts.

The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low.

Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more.

People who are exchanging btc locally are also in danger to get imprisoned for money laundering already.

All this would be a very hard hit to bitcoin.

What do you think? I this a realistic scenario? Should we really worry?

Ever heard of localbitcoins.com?

ZendiMOREN

full member

Activity: 133

Merit: 100

I think bitstamp and coinbase will fix that .

serje

legendary

Activity: 1232

Merit: 1002

Quote from: BurtW on February 26, 2014, 04:15:22 PM

Quote from: Neuerung on February 26, 2014, 03:45:36 PM

People ~~who are exchanging btc locally~~ are ~~also~~ in danger to get imprisoned for money laundering already.

After fixing your FUD - this also turns out to be a well known fact.

Well I can sleep with no worry on my head!

I have no money! The only thing I can launder is my underwear!

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Quote from: Neuerung on February 26, 2014, 03:45:36 PM

People ~~who are exchanging btc locally~~ are ~~also~~ in danger to get imprisoned for money laundering ~~already~~.

After fixing your FUD - this also turns out to be a well known fact.

serje

legendary

Activity: 1232

Merit: 1002

Quote from: ?? on ??

I'm scared the banks will deny me and I won't be able to use Bitcoin any more. Sad

Sarcastic mode on!

nicely done!

corebob

full member

Activity: 238

Merit: 100

Any bank that hasn't picked up on bitcoin by now is a dinosaur unable to innovate. I expect my bank to be at least as smart as me when it comes to money and markets.

Neuerung

newbie

Activity: 21

Merit: 0

Quote from: gog1 on February 26, 2014, 04:08:30 PM

Didn't we have this South African bank that is testing bitcoin? This is the new deal, time for Africa to rule!

This bank already burried their plans concerning bitcoins unfortunately (sorry I can't find the link anymore).

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

Quote from: gog1 on February 26, 2014, 04:08:30 PM

Didn't we have this South African bank that is testing bitcoin? This is the new deal, time for Africa to rule!

They've said (in an update), that it won't be open to consumers.

BurtW

legendary

Activity: 2646

Merit: 1137

All paid signature campaigns should be banned.

Banks are dicks.

That is a well known fact.

Why would I worry about a well known fact?

Silly.

leopard2

legendary

Activity: 1372

Merit: 1014

With all the capitalization behind crypto, I am wondering when the first bank will FOUNDED by an exchange. It takes a 6-7 digit figure to do that, grab a bank license et cetera, and even a small bank can do lots of SEPA and SWIFT transfers.

Just pick the SEPA zone country that has the most convenient laws and do it!

IMHO that is the way to go, and also a good way to enlarge the value creation chain !!!!!!

gog1

hero member

Activity: 756

Merit: 500

Didn't we have this South African bank that is testing bitcoin? This is the new deal, time for Africa to rule!

pungopete468

hero member

Activity: 1470

Merit: 504

No need to worry; this is the same old story on a different day.

ChuckBuck

hero member

Activity: 1372

Merit: 783

better everyday ♥

Why should we worry again?

I use Coinbase quite a bit, and there have been zero hiccups pretty much. It's linked to my bank and I can buy and sell fairly easily. Only thing I wait for is ACH transactions for larger orders.

Don't get this post.

bananas

sr. member

Activity: 364

Merit: 257

I think they are just not liking the experience with Bitstamp....But if it just for transfeirng money to Bitstamp, open a non business account......

Bitcoinpro

legendary

Activity: 1344

Merit: 1000

yup the banks will have many job loses soon because banking has moved to the users own digital wallet

glendall

legendary

Activity: 2156

Merit: 1018

Buzz App - Spin wheel, farm rewards

Good for them. They'll be left behind in the new economy, and that's great.

About time they withered and died already.

Topic: We should really worry (Read 1676 times)