I love the hyperbole of you people. Last week during the unintentional blockchain fork, y'all were predicting doom. One guy was like, "This is really bad even though you won't admit it." And yet, less than a week later, bitcoin has broken through another all-time high and is exchanging at $54.

And this regulatory guidance isn't a big deal either. It has pretty much no effect on users. I don't think anyone ever doubted that the exchanges would be regulated. In fact, most every exchange, even the foreign ones, have been following the laws already.

So...what exactly were you right about? And let me guess, this is also going to spell doom for bitcoin as well?

I can't wait for the fun in this thread today.

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Posted by LSURussian

Member since Feb 2005

127277 posts

Posted on 3/19/13 at 8:00 am to WikiTiger

You have repeatedly claimed that there was no way bitcoin could be regulated.

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Posted by Vols&Shaft83

Throbbing Member

Member since Dec 2012

69957 posts

Posted on 3/19/13 at 9:06 am to WikiTiger

BCMF

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Posted by Poodlebrain

Way Right of Rex

Member since Jan 2004

19860 posts

Posted on 3/19/13 at 10:51 am to WikiTiger

You are either too dumb to get it or too obtuse to acknowledge that the ability to regulate is the ability to remove anonymity from bitcoin ownnership. Just as with the Swiss Banks and their depositors, the businesses that qualify as MSB will have to make their records avaialable to the government. You can pretend you are beyond the reach of authority, but the truth is that bitcoins are on the government's radar, and the regulators will look for reasons to regulate since that increases their power and job security.

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Posted by el duderino III

People's Republic of Austin

Member since Jul 2011

2387 posts

Posted on 3/20/13 at 11:52 am to WikiTiger

quote:
less than a week later, bitcoin has broken through another all-time high and is exchanging at $54.

and like i said last time, stop using it's current price as a supporting argument. If more and more people began using bitcoin as a currency, the price wouldnt be going up like this. If more and more people are getting caught up in the excitement and buying them only as an investment just to sell later, it would be going up, just like it has been. you are actually making our argument for us when you post price updates like this. I mean literally told a poster last week who was talking about shorting them, "i definitely wouldnt, i think it'll keep going up for quite awhile"

This post was edited on 3/20/13 at 11:54 am

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