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re: US Treasury issues guidance on virtual currencies, regulatory details unclear

Posted on 3/20/13 at 2:26 pm to
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 3/20/13 at 2:26 pm to
quote:

if bitcoin ever becomes anything close to the "threat" to the USD you want it to be, they will act
Agreed.

quote:

and it is my opinion that the first and easiest course of action would be to shut down the exchanges.
Again, agreed.

One of the bitcoin exchange links wiki posted a while back (the exchange is called MtGox or something like that...I forget the exact name now) says on its website home page "we process over 80% of bitcoin transactions." At least it said that back when I clicked on the link. If one exchange processes over 80% of bitcoin transactions, the govt can do great harm to the system if it only shuts down that one exchange.

quote:

I already forced you to concede shutting down the exchanges would eventually choke off the bitcoin economy to the point of it no longer being a threat to the USD. stop being childish and post a real response if you have one.
Careful, wiki is going to stop replying to you, too, or he will accuse you of parsing his words.

quote:

and your post about russian is fairly absurd
Thank you.
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