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

So what. Not many surfers use Bitcoin, millions use Paypal, keep shutting them down.

Everything you said is more or less true, but doesn't change the fact that as long as you use some common sense there is $$ to be made with relatively low risk from jumping on the bitcoin bandwagon...

For example, if you run a paysite, you start accepting bitcoins, and withdraw all income in USD regularly, likely you would score some easy sales with pretty much no downside... what's the worst that could happen? Even if everything implodes overnight, at worst you will lose few days worth of sales that likely you wouldn't have had in the first place?

I guess time will tell I see it as the post office trying to shut down email. Time can be better spent trying to adapt than fight this losing battle

To be fair, Franck isn't the only retard in this thread (he just regurgitates stuff he doesn't understand from Bitcoin forums). People who, for some reason, believe that MtGox or complicated/lengthy bank wires are required to acquire bitcoins prove themselves to be totally clueless too.

Also, people jerking off over the idea of a 'price crash' (so they can win an internet pissing contest and say "I told you so") are missing the point. This is about Bitcoin being a currency, not a commodity. In terms of being a currency, Bitcoin would be far better off without the exchanges.

The fact is that the banks dont really need to invent their own digital currencies - the traditional paper currencies are almost digital already. You dont need the actual paper anymore. I rarely have any paper currency in my possesion - the plastic that I carry interfaces with the digital financial system. My store of wealth is accessed digitally already.

One day Franck will be here moaning about the bitcoin scammers who stole his money...........

On ignore you go. Buh bye idiot

The allure of bitcoin is that it's not controlled by a bank.

WOJ I completely agree! Infact i've invested money in Bitcoin & Litecoin and I sell everytime it hits a certain point, even though putting any fiat into Bitcoin/alt currencies is high risk it's also high reward.

I took exception of being called an idiot by GFYs favourite troll because all he does is pump the pros and takes extreme offence when anyone points of the cons, many of which he doesn't even understand.

Totally agree, there is no reason not to add bitcoin to paysites atm. It's worth it just for the free publicity. You're absolutely right, very little risk on the side of paysite owners to accept it with BitPay or whatever alterative anyone favours.

Anyone who runs a cam site should look at the Bitcoin tipping system Reddit has implemented, that would do great on cam sites!

It started as a currency but it's being traded as a commodity hence the volatility. You're correct that without the exchanges and the massive inflow of money within the past year (worth over 20x what it was this time last year) then it wouldn't even be on any governments radar but it would still exclusively be a play thing for geeks & criminals etc

And the problem is banks want to control everything and it has been freely admitted on this very forum by Franck one of the weakest points of Bitcoin currently is that Mt Gox control 70 - 80% of trade volume.

So when they get attacked, bad news story anything really then the price drops.

And the problem is banks want to control everything and it has been freely admitted on this very forum by Franck one of the weakest points of Bitcoin currently is that Mt Gox control 70 - 80% of trade volume.

So when they get attacked, bad news story anything really then the price drops.

Agreed, and I'm sure there will be some sort of drama with MT gox and banks in the future.

More person to person exchanges will start up. People started one in new york in the park a couple days ago. Of course it was only like 30 people but this kind of thing will grow especially if that is the only way to buy and sell.

2 years ago I couldn't find a person within 300 miles of me buying and selling bitcoins on craigslist, now I have a few 5 minutes away. This kind of stuff takes time and there will be bumps. I think there will be countries that embrace the idea, safe havens.

May 7, 2013, 5:40 PM
Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup

Coinbase is an online platform that allows users to buy Bitcoin, the virtual currency taking the tech world by storm. Users can also store Bitcoin in a digital wallet and pay merchants for goods or services with it.


coinbase is based in usa.


.........Bitcoin and its skeptics to when the Internet started becoming popular in the early 1990s. Back then there were ?a lot of articles about the Internet being a place for porn,? he said, similar to how early Bitcoin adopters have been allegedly using the currency for illicit purposes, such as to buy and sell illegal drugs.

?It?s very normal to see new disruptions start in places where there is a high friction,? Malka added. If Bitcoin becomes a legitimate currency, ?people will forget what it was used for in the beginning.?

I meant more the speculation. It's difficult to take seriously a 'currency' where 1 equals ~$100, let alone 1 equalling $140 one minute and $80 ten minutes later. It's a joke.

It wasn't hard to predict that once it became, or becomes, widely enough used that The Man would attempt to control it. That's inevitable.

They might not forget, but they won't care. That seems to be how it happens, for example, with the very shady origins of certain big porn outfits these days.

Using 'the internet' is a clueless analogy though. The net wasn't used for porn, let alone illegal porn, in the beginning. In fact it was not used for anything criminal in the beginning, and has never at any time been primarily used for illegal things. Same goes for the web.

the author messed up the quote, he included the term "illicit" in rephrasing it. that kind of sends it off in another direction,

but there was certainly a lot of unfounded skepticism and mistrust of the internet, not unlike now with btc.


and just like the internet, btc wasn't invented for use to support illegal shit/illicit shit/etc. but it did support a lot of porn in the early days.

Virgin tea or the panda bear tea?

OMG, Franck just figured out (sort of) how markets and currency works.

Looking forward to the day you stumble across Forex. You're literally going to literally shit bricks.