Quote:
Originally Posted by rowan
There's no way to "close" bitcoin or any of its dozen alt/clonecoins since they use a distributed P2P network of clients and miners. Shutting down exchanges could hurt the currency, but that doesn't stop people trading privately.
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It'll wipe 100s of millions off the current value of Bitcoins though, perhaps more
Mt Gox has proved themselves incompetent with the whole Dwolla fiasco anyway, people no longer trust them considering Mt Gox lied about being a money transmitting service.
Plus Mt Gox trade is down quite a lot in the past 2 weeks with the biggest increases going to Bitstamp & BTC-e. FYI you'd be an idiot to use Bitstamp, based in the EU in Slovenia, fake UK mailing address as their official business address and WHOIS privacy on their domain name, yeah that's trust worthy!
Between Bitstamp & BTC-e I'd choose the Russian one if I had to because at least they are not as likely to get shut down in the medium term
It's still playing Russian roulette though
Quote:
Originally Posted by crucifissio
bitcoins/litecoins with their "anon" (not really anon if you have to use an exchanger) aspect make it the holy grail for crime and eventually a piss easy target for the law...
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It doesn't matter anymore if you're doing legitimate transactions with Bitcoin/Litecoin, you're just putting a big red target on your back considering the amount of criminal gangs who are using it for Drug trafficking & Money Laundering etc