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‘We are 100% certain that governments will start banning bitcoins in the next 12 to 18 months.’

Posted By admin On May 17, 2011 @ 2:48 am In Money Watch | Comments Disabled

cryptogon.com [1]
May 17, 2011

Well, they can’t stop people from transferring bitcoins [2] to each other. As long as the Internet exists, bitcoins can be sent and received around the world. The governments, however, can shut down exchanges that handle national fiat currencies in and out of bitcoins.

I wonder if people will continue to be use bitcoin after the governments shut down the fiat exchanges? They just might. Like any medium of exchange, it’s fungible as long as people are willing to use it.

Via: Launch [3]:

A month ago I heard folks talking online about a virtual currency called bitcoin that is untraceable and un-hackable. Folks were using it to buy and sell drugs online, support content they liked and worst of all — gasp! — play poker.

Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband.

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [4]

‘We are 100% certain that governments will start banning bitcoins in the next 12 to 18 months.’   260310banner2 [5]


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URL to article: http://www.prisonplanet.com/%e2%80%98we-are-100-certain-that-governments-will-start-banning-bitcoins-in-the-next-12-to-18-months-%e2%80%99.html

URLs in this post:

[1] cryptogon.com: http://cryptogon.com/?p=22371

[2] bitcoins: http://www.bitcoin.org/

[3] Launch: http://launch.is/blog/l019-bitcoin-p2p-currency-the-most-dangerous-project-weve-ev.html

[4] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[5] Image: http://purewaterfreedom.com/

[6] New York City Property Owner is Now Accepting Bitcoins: http://www.prisonplanet.com/new-york-city-property-owner-is-now-accepting-bitcoins.html

[7] Here’s Why Bitcoin Speculators Are Just Laughing At Anyone Who Calls It A Bubble: http://www.prisonplanet.com/heres-why-bitcoin-speculators-are-just-laughing-at-anyone-who-calls-it-a-bubble.html

[8] TEXAS FAMILY: We Sold This Porsche Last Night For 300 Bitcoins: http://www.prisonplanet.com/texas-family-we-sold-this-porsche-last-night-for-300-bitcoins.html

[9] Germany recognizes Bitcoin as ‘private money’: http://www.prisonplanet.com/germany-recognizes-bitcoin-as-private-money.html

[10] Top bitcoin exchange freezes, arbitrarily shuts down, proving you will not be able to get out of bitcoin when you want to: http://www.prisonplanet.com/top-bitcoin-exchange-freezes-arbitrarily-shuts-down-proving-you-will-not-be-able-to-get-out-of-bitcoin-when-you-want-to.html

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