Bitcoin will close down

Discussion in 'Politics Discussion' started by Ancient350, Jan 18, 2016.

  1. Ancient350

    Ancient350 Banned

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    12dailypro which was declared big ponzi was using Stormpay as a payment processor. later stormpay also shut down.

    Now Bitcoin has ISIS's account with $3 million in it and Bitcoin is tainted with illegal actvity.

    So it is over for Bitcoin (I think) :confused:
     
  2. 111kg

    111kg Guest

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    Well, sell all your Bitcoins for cheap :D I will buy chunks of them :) Bitcoin is far from being dead, honestly. In fact, there were so many deaths of this currency, that I don't even care about these rumors.
     
  3. petesede

    petesede Guest

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    The OP has no clue of what bitcoins even are. Bitcoins are a currency, not an account. If they really had $3M worth of bitcoins, they would be sitting on a thumb drive, or maybe Hillaries email servers, there is no way the FBI could shut them down.

    What you said is basically that the FBI is going to shut down US dollars because some mob family has US dollars.
     
  4. Ancient350

    Ancient350 Banned

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    You are shaken pretty badly. Like Obama. :)
     
  5. JessieJ

    JessieJ Guest

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    Why does it all have to come down to this. This is crazy
     
  6. Alex

    Alex Senior Investor

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    Personally I have never used bitcoin or felt the need to. I don't think it's dead, but I think people will be more cautious about using it as a currency.

    Any scandal hurts a business, but many companies do trade and use it legitimately.
     
  7. Ancient350

    Ancient350 Banned

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    A person who mines 1000 Bitcoins will have $400,000. A person who does not mine Bitcoin will have $0.

    How can Bitcoin be used as a currency ? :confused:
     
  8. Ancient350

    Ancient350 Banned

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    If Bitcoin can be used as a currency then Gold and Silver are better options to be used as a currency.
     
  9. Opticbit

    Opticbit Member

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    Shutting down bitcoin is not the same as shutting down a digital currency.
    paypal, libertyreserve, skrill, your airline miles, casino points, grocery club points, and stormpay are all digital currencies.
    bitcoin is a cryptocurrency its in a whole different class.
    litecoin and dogecoin are also cryptocurrencies.
    If you think the government can come in and shut down a crypto, the same way they shut down a digital currency, you have some reading to do.

    bitcoin dot org/bitcoin.pdf Satoshi White Paper
    bitcoin dot org/en/faq FAQs
    en dot bitcoin dot it/wiki/Myths Myths.
     
  10. Opticbit

    Opticbit Member

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    yes I'm new I shouldn't be allowed to post hotlinks. but don't block out links completely.
     

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