Trying to shut down file lockers will only make them move to Bitcoin for payment.

Will bitcoin protect file lockers and their owners from having their domains seized, assets frozen, hosting cut off or liberty curtailed when they are arrested ?

The answer is no.

If you think the efforts of the Stop File Lockers project end at cutting off payments then you're deluded.

it happened to e-gold a long time ago...this exact scenario...

icegold was e-golds mtgox...it was in lithuania if my memory serves me well...

it basically took a few phone calls from the US government to lithuanias finance minister and he basically offered icegold to retire or go to prison so they did....the end...

china,albania,nigeria it does not matter, any serious bank with half a brain will drop bitcoins like its the plague once they get a phone call from the central bank LOL...

banks have a tendency to keep their business licenses in order to keep being in business

bitcoins make the whole process anonymous, so it makes it nearly impossible to do any of the above... realistically the worst that could happen is the file locker owner would lose the domain... (as long as file locker owner is careful and knows what they are doing...)

look at it this way:

bitcoins are anonymous, it makes it completely impossible for banks to accept them because of anti money laundering laws that will get the bank shut down quicker than you can say quick...

without support from banks, bitcoin is a joke...

1) 999999 of 1000000 internet surfers don't give a shit on what bitcoin is.
2) I have serious doubts that bitcoin won't be screwed up in the near future. It won't least long. Just remember my words.

Another expert.

well, we are discussing how bitcoins effect file lockers? currently they are an excellent currency for file lockers...

you are right that banks could shut down any businesses related to bitcoins at any time without any warning, so it's not something I would invest my life savings into, but at this point in time bitcoins are actually a pretty viable currency...

Can I have some of that tea for breakfeast ?

Some imbeciles here don't seem to understand that if the price of a Bitcoin is 200 dollars in China, it's 200 dollars everywhere. Even in the US.
I know, i know, it's very very complicated, but read and learn.
Morons.

JFK, i put you on ignore as well. Something i should've done A LONG time ago already.

Buh bye annoying idiot.

To be perfectly honest his ignorant bi-polar posting gets tiresome it really does.

Franck I'm going to write one post to school you since clearly most of this will be over your ignorant little french head.

This is incorrect, all America has to do is ban the Bitcoin Exchanges and it's 10 times more difficult to get fiat into Bitcoin in the west. This could happen through

1) Regulation
2) US applying pressure on Mt Gox bank to cease business

"That'll never happen you fucking mental retard idiot" says Franck,

Oh wait it has ALREADY happened to Mt Gox, they've had their Barclays bank account (UK) and their Polish bank account (EU) frozen.

The United Kingdom is thee most unfriendly banking region for Bitcoin hence why there is no exchanges in the UK, this is followed by the EU.

Bitcoin.de is the only EU Bitcoin exchange I trust because Bitcoin.de is run by a German GmbH (German limited liability company with a maximum liability of 20.000 Euro) and thus is subject to German and European law. In Europe any organisation that holds funds for it's customers must Have a Banking License. This is the reason PayPal didn't (officially) allow European accounts before 2007

In the UK it costs £25,000 simply to put an application in with the FCA, Intersango had an exchange, but they got through 2 or 3 bank accounts in the UK before being shut down. UK consider Bitcoin far too high risk - And that's WITHOUT the US putting pressure on these Banks.

In American Bitfloor got shutdown by their bank, Bitcoin-24 was shut down by their Polish bank, Canada shuts down Canadian Bitcoins without any reason. Getting the picture yet Franck?????

If Mt Gox is shutdown in the next 2 months I beg to differ, the price will crash.

NOW to my main point which is clearly over your head and if you weren't such an obnoxious French cunt you would have asked me about my opinion on why Bitcoin could be in serious trouble due to China's recent support of it.

China is in a currency war with the United States, China wants to remove the US currencies reserve status, currency of roughly 60% of global bank and sovereign foreign currency reserves, as well as the de facto medium of exchange for major commodity transactions in $.

For the last 5 years China has been taking agressive steps to undermine the $ - Supporting Bitcoin is just the lastest step in trying to undermine the $.

So you see if China supports Bitcoin in it's latest attempt to undermine the US dollar then it's only a matter of time before American decides to interviene and do something about it. IE CLOSE THE BITCOIN EXCHANGES and if you think that won't have an INCREDIBLY negative effect on the price of Bitcoins then you're a retard!

Unfortunately we had idiots like you cumming your pants with excitement about China like Turkeys voting for christmas!

I and many other people on this forum get bored of reading your rude, ignorant and darn right nasty keyboard warrior posts at times. You live in a fantasy world where you think Bitcoin is gonna change the world. IT ISN"T

Bitcoin is in a volatile speculative bubble, it's economy currently isn't worth much more than what trade it does on Silk Road. It's probably 10x overvalued currently maybe more so!

If you own Bitcoins you have to deal with

1) Zero day exploits and hackers trying to steal your coins
2) Bitcoin exchanges going out of business or stealing your money
3) The crazy volatility of the Bitcoin market through pump & dumps - I'm sure traders are having a field day with this

I can't be bothered posting anymore at this point, you're the idiot. You're the one who has bought into Bitcoin boat, line and sinker.

At least I try to bring some sensibility and balance to these Bitcoin threads

I stopped reading here.

You can join JFK

Buh Bye.

Yes I enjoyed reading your posts and your warnings about Bitcoin

Strange one that isn't it! LOL

I have no doubt that digital currency is here to stay now but it won't be Bitcoin that takes the crown. Actual banks are talking about issuing their own digital currencies - http://www.bloomberg.com/news/2013-0...ank-group.html

i'm pretty sure this is the stupidiest fucking bitcoin gfy topic/thread yet.