banks want to control every financial transaction
^ This. 
Topic: What do you believe is the reason bitcoin is facing opposition? (Read 1767 times)
banks want to control every financial transaction
Authorities always want to strangle that which they cannot control.
But the Bitcoin train has left the station, and it cant be stopped. They could shut down Gox, BTC-e, XYZ exchange whatever, new ones will pop up like its a game of wack a mole: http://en.wikipedia.org/wiki/Whac-A-Mole
Furthermore, you will ALWAYS be able to buy Bitcoins locally from the people who mine them:
https://localbitcoins.com/
They cannot stop the BTC transactions themselves from being conducted. They can disrupt Bitcoin and try to slow its growth down, but it cannot be stopped, period.
But the Bitcoin train has left the station, and it cant be stopped. They could shut down Gox, BTC-e, XYZ exchange whatever, new ones will pop up like its a game of wack a mole: http://en.wikipedia.org/wiki/Whac-A-Mole
Furthermore, you will ALWAYS be able to buy Bitcoins locally from the people who mine them:
https://localbitcoins.com/
They cannot stop the BTC transactions themselves from being conducted. They can disrupt Bitcoin and try to slow its growth down, but it cannot be stopped, period.
Such as recent action against dwolla being unable to do business with mtgox due to a court order, banks refusing to do service or transfer funds for bitcoin related businesses and such?
I know some believe it is because the banks and governments feel threatened by btc and want to shut it down, but what other motives might there be besides that?
I know some believe it is because the banks and governments feel threatened by btc and want to shut it down, but what other motives might there be besides that?
Jump to: