Still hardly an argument for Bitcoins tho. If you would store your coins in a financial institution that goes belly up, in a jurisdiction with a weak sovereign unable or unwilling to bail out depositors, your coins would be at risk too. If you would store your Euros cash under the mattress (aka bitcoin wallet) there would be no haircut either.
Keep giving us more reasons why bitcoin will be worthless. All the dumb criminals like you are using it to launder money. If you think it will not be regulated, you are retarded.
Martinghoul January 19th, 2014, 03:28 AM Registered User Join Date: Jan 2009 Location: London Posts: 6,201 The only people who keep these types of amounts in Cypriot banks are associated with the Russian mafia. While my heart bleeds for their losses, I am pretty sure they'll rise from the ashes and make out OK in the end. a propitious call. http://www.nytimes.com/2014/02/18/b...f-cypriot-bailout-still-loves-the-island.html
Nobody can stop crypto currencies , the free market gets the final word. Can gov'ts make it more difficult to trade your fiat for them ?sure, But everyone who has already made their millions in it will always be able to trade crypto no matter what on various exchanges around the world or peer 2 peer. It's here to stay. Even without the exchange, If you have a btc wallet, I can trade a $100 mill worth of BTC with you in minutes with no central authority. Just like you and I could make a gold deal privately when the US tried to confiscate all the US gold. Everyone was a criminal who didn't turn in their gold does that sound ethical to you? What sounds criminal to me is a few guys in a room can decide to devalue everyone's fiat which is essentially stealing. The 500 Eur is among amoung popular bills for criminal activity because of the large denomination of bill = less paper for drug dealers to haul around. Are you a criminal if you own Euros? USD lol so much criminal activity goes on with any currency so don't go there . I'm no criminal, I live a very ethical life so don't put a label on all Crypto users.
Yeah right, especially since Mt. Gox (the famous bitcoin exchange) closed its shop and stopped all withdrawals this week