- Prison Planet.com - http://www.prisonplanet.com -
‘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
May 17, 2011
Well, they can’t stop people from transferring bitcoins  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 :
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.
Article printed from Prison Planet.com: http://www.prisonplanet.com
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:
 cryptogon.com: http://cryptogon.com/?p=22371
 bitcoins: http://www.bitcoin.org/
 Launch: http://launch.is/blog/l019-bitcoin-p2p-currency-the-most-dangerous-project-weve-ev.html
 Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/
 Image: http://purewaterfreedom.com/
 New York City Property Owner is Now Accepting Bitcoins: http://www.prisonplanet.com/new-york-city-property-owner-is-now-accepting-bitcoins.html
 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
 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
 Germany recognizes Bitcoin as ‘private money’: http://www.prisonplanet.com/germany-recognizes-bitcoin-as-private-money.html
 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
Copyright © 2013 PrisonPlanet.com. All rights reserved.