I say yes
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If they stay true to the anonymous nature then no.Comment -
When the feds decide to sledgehammer people like they did with e-gold. Not before.
Same as then, just waiting waiting whilst people think they don't care and get careless..Comment -
it seems like a haven to launder money tooComment -
It is only a matter of time before feds step in. This whole illusion about it being anonymous is b.s. Yeah they are anonymous until you try to cash them out to your bank account. How are they anonymous anymore? You don't think the governmant can trace exactly where they are going to? I am sure it is only a matter of time before bitcoins are worthless. At least in the U.S.A.Comment -
I really believe its another tactic to lead sheep to a mass slaughter
Like said previously here, once everyone is all in.... WHAM!Comment -
paranoia!Comment -
Baaahhhhhh baaahhhhhhComment -
A lot of players like the btc-only books because process is a little simpler. But just as many have said they stay with books that hold the balance in their regular currency for this reason. They dont worry about btc vendors or the price of btc. It doesnt matter. You can use the filter and choose "sportsbooks that dont hold in BTC"Comment -
I beleive the u.s gov. have been behind the big heists of bitcoin
Just to flex their muscle, although wasn't publicly flexing, more so internally for themselves
Just to show they can really have control wether bitcoin is allowed to survive or not
The reality people need to realize is that THEY will decide what digital currency will be the one of the future
Although not impossIble, i think bitcoin is a bit of a long shot.... THEY will ultimately pick the winners and losers behind the scenes as in most business ventures these days. The only country big enough to fight them on something like this is China so we'll see....Comment -
it depends if there is crime with bitcoin
Once something big happens then there could be changes like anything elseComment -
what the hell is a BTC vendor?
Nobody controls Bitcoin so nobody can shut it down.Comment -
Im pretty sure it is the websites that sell bitcoin. Coinbase, Circle, etc. And look what happened to coin.mx website. The feds shut it down basically overnight and everyone lost their money. So yeah they can shut it down. I do not think it will be too long before they start going after the other ones out there like coinbase. All they really need to do is prove people are using the currency for illegal activities. Like gambling and selling drugs.Comment -
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Bitcoin x poses a way bigger threat. Greedy ass people couldn't just settle for btc. They always think they can improve everything.Comment -
If there continues to be breaches in secruity ( as in the huge heists in the past ) then "nobody" will own any... get it?
Now who on earth has those capabilities at their disposal at a time of their choosing?Comment -
I guess the main thing is why would a normal person with bank accounts and ************ use bitcoin? There really is no reason other than using it for illegal activities because it is "anonymous". I do not see it lasting much longer. I give it 1 more year tops before everything that has anything to do with it get's shut down. At least in the United States. I mean really there is no advantage to use it for anyone that does business with banks. I mean yeah you might save some money on the fees but people do not trust it and it could disappear or become worthless at any time. So what is the point of using it unless you are doing something illegal?Comment -
This is a very good post. This sums up a point of why it will fail. Governments have not stamped their approval on it so its monopoly money until then.... and it wont be this one/currency out of spite. Look for the "next one" to get the stamps... that will be the currency of the future guys.... sux but truComment -
Combination you seem to understand it. Another point I have to make is do you really think the U.S government and the U.S. banks are going to let this go on much longer? There is no way. If bitcoin takes off do you know how much money the U.S banks are going to lose from this? There is no way bitcoins will last much longer. If banks start to see all the money they are losing from these transactions do you really think they will just sit back and let it happen? Hell no. Don't get me wrong I wish they would, I just do not see any way that the banks or the U.S. government will let all these transactions keep on going on.Comment -
http://techcrunch.com/2015/04/28/coi...llet-exchange/About six months after it initially crossed the pond, Coinbase is finally landing in the United Kingdom. Coinbase is the bitcoin wallet and platform backed with more than $100 million from DFJ, NYSE and Andreessen Horowitz and that has attracted north of 2.7 million consumer accounts.With the expansion, they’re bringing both the exchange and their consumer wallet to the British market. UK-based users will be able to trade bitcoin against the British pound and the euro. CEO Brian Armstrong adds that they’re hoping to be in 40 countries by the end of the year.
“I’d definitely say that regulation is more favorable in the UK right now,” Armstrong said. “I have to give a lot of credit to UK regulators. They’ve actually been very forward thinking about bitcoin.”
That isn’t surprising given that London has been a banking capital for centuries. New York regulators in contrast are revising a framework they call BitLicense where they manage licenses for any businesses that receive, transmit, buy, store or hold virtual currencies.
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Armstrong hinted that the exchange might be the most revenue-rich part of the business in the U.K. for awhile to come. Coinbase is divided into three pillars between a consumer wallet, a platform with APIs for developers and an exchange where investors can trade bitcoin against the major currencies.
Other companies tend to focus on one thing, whether what’s being a wallet for high-net worth clients or being a merchant processor. But Coinbase’s strategy has been to create a self-reinforcing ecosystem between all three of its product lines.Comment -
Careful Raiders, you don't want to dumb down the thread
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Combination you seem to understand it. Another point I have to make is do you really think the U.S government and the U.S. banks are going to let this go on much longer? There is no way. If bitcoin takes off do you know how much money the U.S banks are going to lose from this? There is no way bitcoins will last much longer. If banks start to see all the money they are losing from these transactions do you really think they will just sit back and let it happen? Hell no. Don't get me wrong I wish they would, I just do not see any way that the banks or the U.S. government will let all these transactions keep on going on.http://www.nasdaq.com/article/bitcoi...hicle-cm523775I guess the main thing is why would a normal person with bank accounts and ************ use bitcoin? There really is no reason other than using it for illegal activities because it is "anonymous". I do not see it lasting much longer. I give it 1 more year tops before everything that has anything to do with it get's shut down. At least in the United States. I mean really there is no advantage to use it for anyone that does business with banks. I mean yeah you might save some money on the fees but people do not trust it and it could disappear or become worthless at any time. So what is the point of using it unless you are doing something illegal?
Yes the goverment can regulate the fiat gateways, banks, vendors ect. However that will not stop bitcoin and it will not stop peer to peer transacitons, ie bitcoin for cash. The more they try to stop people doing what they want and prevent payment methods the more people will use bitcoin. There is no company or other central point of failure in bitcoin.Comment -
JJ you need to get an interview session with me bud. Or get me on that monthly degens list of posters. It would make my day.Comment -
Bitcoin can not be confiscated unless the private key that belongs to the bitcoin address is under control. Bitcoin sitting on an exchange or sportsbetting site that are stored in an unsecure way, of course are ripe for the taking by hackers and co. However bitcoins kept yourself in a secure way are very hard to "heist". Every 10min there are 25 more bitcoins mined, added to the ammount of bitcoin, any goverment woudl have a nearly impossible task of trying to even put a dent in the supply by any number of heists. Sure the goverment can discredit ect. Thailand tried to ban bitcoin, didnt really work out, same for Russia. This is akin to trying to stop the internet at the humble birth of bbs ect.heist bitcoin
hashtag no central counterpartyComment -
Make no mistake about it.. The feds are always watching.Comment -
You are wrong:
any group that gets a majority can screw up the complete system.Comment -
New York Stock Exchange put up a bitcoin exchange rate index few months back.
Pretty soon there will be derivatives and ETF's that have bitcoin as their underlying value. Already heard chatter from
some former employees of Morgan Stanley and Citi Bank. In Asia bitcoin is being used everywhereComment -
http://www.coindesk.com/new-york-sto...n-price-index/The New York Stock Exchange (NYSE) has today announced the launch of a bitcoin price index (NYXBT).NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF).
For a limited period it will also be viewable on the NYSE's website.
Thomas Farley, NYSE group president, said in a statement:"Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class."He added: "As a global index leader and administrator of ICE LIBOR, ICE Futures US Dollar Index and many other notable benchmarks, we are pleased to bring transparency to this market."
The bitcoin price index will use data from transactions taking place on San Francisco-based bitcoin exchange Coinbase.
However, a statement released by the NYSE said that it would continue to review other bitcoin exchanges to see whether they met the criteria required for inclusion in the index. "The NYSE Bitcoin suite of indices is anticipated to grow, with new indices introduced over time."
Growing interest on Wall Street
The move comes after the Wall Street stock exchange invested in Coinbase's $75m Series Cfunding round, which closed in January this year.
Speaking to CoinDesk following the announcement, Farley said: "With this investment, we are tapping into a new asset class by teaming up with a leading platform that is bringing transparency, security and confidence to an important growth market."
The NYSE is not the only firm on Wall Street investing in the digital currency.
Multinational banking giant Goldman Sachs recently participated in a $50m funding round raised by bitcoin financial services startup Circle.
Just last month, developers at the Bank of New York Mellon Corp were revealed to be experimenting with bitcoin's open-source code on the bank's new corporate recognition program.
New York Stock Exchange image via Songquan Deng / Shutterstock.comComment -
Typically moronic thread on this topic (with 2 or 3 exceptions).Comment -
I think they are more likely to phase out the use of their service to facilitate child pornography / drug / illegal weapon sales before they they turn their attention towards gambling.Comment -
Can't anyone be a bitcoin vendor? Or are you saying just the ones that require cc/ bank info/ personal info to buy them like coinbase.Comment -
Doesn't really matter if "Bitcoin vendors" (Coinbase, Circle, etc.) stop allowing people to buy Bitcoins if they are going to use them for gambling web sites, there are plenty of people on localbitcoins.com that don't give a shit where you transfer your Bitcoins to.
It's also quicker to get your Bitcoins that way too. You just bring your mobile app and some cash and you transfer it that way.Comment
