Topic: What does the Liberty Reserve take-down mean for alternatives like Bitcoin? (Read 472 times)
May 29, 2013, 01:26:04 AM
I lost $2000 but I could honestly care less. It sickens me to know what my transaction fees were funding.
May 29, 2013, 01:21:56 AM
This is a shame. Liberty reserve was a pretty common way to fund exchanges. Can't help but think their will be less money flowing into bitcoin now.
May 29, 2013, 01:00:06 AM
I think this will be good for Bitcoin, no doubt about it.
Sure, it's scary to see that the government is going out of their way to shut down these 'rouge' payment systems, but its safe to say Bitcoin is most definitely a completely different kettle of fish.
Sure, it's scary to see that the government is going out of their way to shut down these 'rouge' payment systems, but its safe to say Bitcoin is most definitely a completely different kettle of fish.
May 29, 2013, 12:48:24 AM
I expect that some criminals using LR (it's safe to assume there were at least a few, right?) will resort to other methods of moving money that impose more risk to themselves. It seems to me that statistically, they should get caught sooner.
IMO if even one of them is involved in human trafficking, the whole bust is worth it. I wouldn't be surprised to see more people getting caught laundering money now that the cover of LR is gone.
IMO if even one of them is involved in human trafficking, the whole bust is worth it. I wouldn't be surprised to see more people getting caught laundering money now that the cover of LR is gone.
May 29, 2013, 12:40:57 AM
Although it seemed that LR's infrastructure was more developed for the "average" user and I think Bitcoin is still developing a friendly infrastructure.
May 28, 2013, 11:47:00 PM
Great demonstration for LR users as to the value of bitcoin. One of the things LR retailers liked about LR was no chargebacks if I recall correctly. Bitcoin offers this as well of course on top of innumerable other features such as the ability to move virtually unlimited amounts of wealth without even having to register with anyone.
May 28, 2013, 11:42:24 PM
What are your thoughts on the Liberty Reserve take-down that occurred yesterday? Thankfully, Bitcoin is decentralized so it makes it incredibly difficult for a government to shut-down the network. However, it appears that there is a renewed interest in alternative currencies by regulators under the guise of "only terrorists would use alternative currencies and the networks fuel their operations - therefore they pose a national security threat." What do you think?
Aquaticas
Something new will always arise to take somethings place. Aquaticas
May 28, 2013, 10:48:58 PM
What are your thoughts on the Liberty Reserve take-down that occurred yesterday? Thankfully, Bitcoin is decentralized so it makes it incredibly difficult for a government to shut-down the network. However, it appears that there is a renewed interest in alternative currencies by regulators under the guise of "only terrorists would use alternative currencies and the networks fuel their operations - therefore they pose a national security threat." What do you think?
Aquaticas
Aquaticas
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