Bitcoins and Liberty Reserve
 

Here is an interesting read:

http://theconversation.com/does-anon...pressure-14854

Thanks :2 cents:

BC are going to history soon

It'll survive just fine, the US may decide to cut all funding sources for their citizens to buy Bitcoins but it won't stop the currency.

Liberty Reserve didn't comply with Anti Money Laundering regulations, all Bitcoin exchanges that have been shut down have had this fact in common.

The Bitcoin exchanges that comply with AML regulations will continue to operate just fine for the foreseeable future.

Even if all the Bitcoin exchanges in the western world are shut down you'll still have the exchanges in places like Russia & China who'll continue to operate.

IMO Ripple is the company to watch :2 cents:

You're not much into reading are you Seeandsee :Oh crap

is that in canada?


Canadian regulators welcome US Bitcoin refugees with open arms

Canadian Bitcoin traders will not be clobbered by laws similar to those being used to target virtual currency exchanges in America

http://www.theregister.co.uk/2013/05...intrac_letter/

Bye Bye Bitcoins, thank god, stupid should always die ;)

what's stupid about a math-based currency? you're in canada right?

It's digital and holds no weight IMO

thats EXACTLY what e-gold, 1mdc, liberty reserve, evocash, and to a certain degree, webmoney thought...

you are just new to this game...

peeps have said the same shit re: social networks.

that's exactly what myspace thought....that's exactly what collegeclub thought, etc.


http://www.biography.com/imported/im...7402-1-402.jpg

yeah you can knock off the canadian hate right about now, not all of us are tree hugging hippy conspirators with opinions on how the US should run their country...

ripple is the company to watch.. lol.

umm, i've never hated on canadians and am not doing so here.

if you care to peruse the thread, you will see that i posted that canada is a safe haven for bitcoin exchanges prior to the post that bitcoins are kaput by a canadian.

get it now?

Old thread:
https://gfy.com/showthread.php?t=1110780

The article I linked to was published today.

all the mentioned e-currencies had major exchangers in non us countries...

they were depending heavily on not being US based...

all of them got shut down everywhere on the same day...

that's not what i'm saying.

i'm saying none of that matters.

they are clamping down a bit now. you used to be able to buy bitcoins 'anonymously' by walking into a bank and depositing cash into their account. they stopped allowing this and now require all kinds of documents. too bad. you can be damn sure a good number of canadians using bitcoins are going to get audited. they did the same thing with big users of epass.

Neophobia combined with stockholm syndrome must be a awful condition.

Apart from Webmoney (Russian) the other companies you have listed where either operating out of the US in some way or had incorporated their company in some tiny island or small country that was easy for the US to pressurise into closing them down. :2 cents:

Adult King posted this the other day concerning Liberty Reserves

Going forward I don't see the US being able to pressure or bully countries like Russia & China into closing down Bitcoin exchanges IF Russia & China are willing to let Bitcoin flourish.

Considering Google Ventures are investing in it, it could have an interesting future

They aren't even consciously aware of it. For them it probably feels just fine.

http://aintitabitch.com/images/ripple.jpg
:glugglug

In China you can only use BTC (or any virtual currency) for online purchases, like video games, memberships, and so on. Their current law forbids cyber currency from being used in the real market. That may change, but as of today that is the law. That said, for the online market alone it could be enormous.

Russia on the other hand...