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how are you proposing they shut it down? the best they could do is shut down the exchanges, but goven they are located in the UK, Japan, France, US, Russia etc

how are you proposing they shut it down? the best they could do is shut down the exchanges, but goven they are located in the UK, Japan, France, US, Russia etc then you cant get them all shut down and even if you could you can still do person to person trades and I am willing to bet that a decentralised exchange appears not long after the current exchanges are shut down.

charlesju 14y ago
1. CNN reports bitcoins are how Al Queda gets money they earn from drugs washed out into these exchanges around the world 2. CIA goes berserk and can do two things: go after the exchanges and if that doesn't work, they can implement the great firewall of America.
javert 14y ago
Let me put on my tinfoil hat... Maybe the "first-world countries" will criminalize all use of Bitcoin as Bitcoin continues to rise and their currencies continue to deteriorate. Respectable citizens and companies will not be able to use it (without massive deception to avoid detection). However, all the other countries will increasingly adopt Bitcoin. In 25 years, there is a global economic renaissance, except the first-world countries of the past are now the dregs of the global economy. </tinfoil>
- celticninja 14y ago
  so govt criminalises bitcoin (i would love to see the law that makes it illegal, is it illegal to own, mine, trade with?) how do they shut down a de-centralised network? localbitcoins allows you to buy and sell in person, tor sites could easily provide an exchange service and with the introduction of things like ripple finding other BTC users will get easier, so saying shut it down is easier than actually shutting it down. Plus if we have learned anything it is that a bitcoin clone can pop up next week, there are already litecoins, if the govt law banning BTC is so braod that it brings in all virtual currencies then poeple like Amazon (just starting their own) or Canadian National Bnak who are douing the same would also be affected, it would stifle innovation for the legal markets but the grey market would bloom in response.

charlesju 14y ago

1. CNN reports bitcoins are how Al Queda gets money they earn from drugs washed out into these exchanges around the world 2. CIA goes berserk and can do two things: go after the exchanges and if that doesn't work, they can implement the great firewall of America.

javert 14y ago

Let me put on my tinfoil hat... Maybe the "first-world countries" will criminalize all use of Bitcoin as Bitcoin continues to rise and their currencies continue to deteriorate. Respectable citizens and companies will not be able to use it (without massive deception to avoid detection). However, all the other countries will increasingly adopt Bitcoin. In 25 years, there is a global economic renaissance, except the first-world countries of the past are now the dregs of the global economy. </tinfoil>

celticninja 14y ago
so govt criminalises bitcoin (i would love to see the law that makes it illegal, is it illegal to own, mine, trade with?) how do they shut down a de-centralised network? localbitcoins allows you to buy and sell in person, tor sites could easily provide an exchange service and with the introduction of things like ripple finding other BTC users will get easier, so saying shut it down is easier than actually shutting it down. Plus if we have learned anything it is that a bitcoin clone can pop up next week, there are already litecoins, if the govt law banning BTC is so braod that it brings in all virtual currencies then poeple like Amazon (just starting their own) or Canadian National Bnak who are douing the same would also be affected, it would stifle innovation for the legal markets but the grey market would bloom in response.