Thailand Bans BitcoinChina Bans BitcoinRussia Bans BitcoinApple Bans Bitcoin Apps Bolivia Bans Bitcoin MtGox Over the course of the last 6 to 12 months, Bitcoin has seen some major resistance on its way to mass adoption. A long string of bad news has made it seem like Bitcoin is struggling to gain acceptance. However, with time, every single ban, except Bolivia, was lifted. I want to emphasize the overturning of bad news, because if the only valid major negative news is MtGox and Bolivia, Bitcoin is in a really good place to take the next step in adoption. Bitcoin is accepted nearly everywhere and soon Bitcoin will be used everywhere. Exciting times. EDIT: Speeling and adding Bolivia.
Discuss re-branding cryptocurrencies as cryptocommodities
Thai central bank rules Bitcoin to be illegal After reading this article about the Bank of Thailand banning bitcoin, I think it's more important than ever to re-brand bitcoin and other cryptocurrencies as cryptocommodities. I believe that calling bitcoin a cryptocurrency leads to a lot of confusion because the first question everyone asks when learning about it for the first time is "Who's it backed by?" Also, countries trying to protect the value of their own currency will try to block it as a competing currency (Thailand for example, and I expect to see something similar in Argentina since they already have strict controls on holding USD). I think there is an inherent value in the block chain and the structure of bitcoin. Jon Matonis referred to bitcoin as a "math based commodity" in one of his articles. I would love to listen to a discussion on the pro's and con's of marketing bitcoin as a commodity vs currency. I'm imagining a day when bitcoin is traded on the CME and I can buy and sell bitcoin futures...
Case study in r/Bitcoin deception: Shills falsely claim that Thailand banned BCH
Here is the non-participation link to the misleading thread which moderators of Bitcoin have not labeled or removed for the last 18 hours despite it being utterly false information. https://np.reddit.com/Bitcoin/comments/aw8nz1/thailands_sec_approves_bitcoin_bans_bitcoin_cash/ Those who want to really inform themselves on issues regarding Bitcoin should not take headlines in /Bitcoin or elsewhere at face value. There are large amounts of disinformation shills active in that censored subreddit, but also in other places - even on this sub since speech is free here. Their activities are to discredit this subreddit, it's users and Bitcoin Cash. Equip yourselves with the truth and let's keep making Bitcoin cash everywhere people would like to enjoy financial sovereignty. To the moderators of that censored sub: Letting such false information spread unchallenged under the umbrella of your censorship shows your extreme bias. You are unfit in any way to represent the Bitcoin I love.
Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval. 4 Cryptocurrencies Approved. The Thai SEC announced on Thursday that Thailand now has four approved cryptocurrencies ... Thailand has ruled that use of the online currency Bitcoin is illegal. Bitcoin Co Ltd was going through the process of registering with the necessary government agencies in order to operate legally. Thailand’s central bank has squashed plans to launch a local Bitcoin operator, making it the first state to ban trading in the virtual currency. Bitcoin said it "has no choice but to suspend operations until such as time that the laws in Thailand are updated to account for the existance [sic] of Bitcoin", adding that "the Bank of Thailand ... While you may roll your eyes at Thailand banning Bitcoin, remember that bad ideas in government spread. Just as the US has exported some of its worst policies to other countries, Thailand’s latest move will flash the green light for other seemingly free countries who want to shut down the competition a cyrptocurrency like Bitcoin brings. Consider the quote from an IRS agent who helped shut ...
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