Two Executives of Bitcoin Businesses Are Arrested

That's not the point he's making and you know it. If the banking industry decide they don't want any banks dealing with Bitcoin exchanges then the price of Bitcoin will drop through the floor and it'll drive out the majority of the speculators that only have money invested due to it's incredible capital gain in such a short space of time.

The potential of Bitcoin as a technology is inexplicably linked and depends on the users ability to convert fiat to Bitcoin and vice versa.

Also TheSquealer hasn't made any "blanket statements" what he has done is make some excellent points, he's one of the few voices of reason in this thread!

Nailed it!

Crypto currencies are a direct threat to the consolidation of control the banking industry has managed to exert over us all, that control is only going to continue to increase.

HSBC are now imposing restrictions on large cash withdrawals

http://www.bbc.co.uk/news/business-25861717

You now have to provide them with proof before the bank decides if they want to give you your money.

They're all slowly starting to roll out these policies, next up monthly fees for personal accounts!

they sure do

The radically invasive policy change of HSBC, accompanied by their absurd statement that they feel no need to even inform customers of it - is stomach turning big brother shit - I highly doubt they would have the balls to try this in any of their US branches.

Your posts are just as bad as the squealers with your predictions of what would or could happen to the price of BTC - telling a guy that he nailed it with uninformed crap doesn't make it any more true.

LooooL...this guy is a BIG IDIOT

Read the US, UK & EU anti money laundering regulations.

I gave HSBC as an example of where we're headed. You can "doubt" it all you like, it won't make it any less true. They're a powerful bank, they can do as they please.

Correct it is stomach churning and the western banking industry has gone to great length to implement these practices, we live in a climate where privacy is a thing of the past and that's why I doubt Bitcoins long term prospects. Even if they do regulate the shit out of it, it's still gonna be an utter pain in the ass for any bank involved with Bitcoin having to comply with governments AML & KYC regulations.

Bitcoin needs the banking system, the banking system doesn't need Bitcoin

I feel like I'm replying to Franck from 8 months ago, so I think I'm gonna stop posting in this thread.

I highly doubt these guys knew that the Bitcoins being purchased through there site was for buying illegal drugs!

So basically If I buy some coffee at 7-eleven and 7-eleven gives my money I used to buy the coffee to someone as change, the person who takes the change then uses it to buy illegal drugs I would be guilty of that persons illegal actions? On how many levels is that fucked up? That would never happen with US dollars but looks like the US government is trying to bully these guys!