4 ms·
Bitcoin's rise is a consequence of raising mistrust of people in monetary policies of their banks and their governments. Watching your money frozen or being us
by gesman 14y ago
Bitcoin's rise is a consequence of raising mistrust of people in monetary policies of their banks and their governments.
Watching your money frozen or being used to pay off for government's failures is no fun.
Hence - the result.
- Nursie 14y agoRight and this is happening in ... Cyprus. So all the money coming in to the BTC economy at the moment is Cypriot? Really? The whole island went BTC crazy and kicked this off? Horse-puckey!
- gesman 14y agoI think many Europeans looking at Cyprus taking steps to protect themselves. Just in case. And there are big players in this game as well.
- Nursie 14y agoI respectfully disagree.
- dragonwriter 14y ago> Right and this is happening in ... Cyprus. So all the money coming in to the BTC economy at the moment is Cypriot? To be fair, the effect of the actions in Cyprus weren't limited to Cypriot money -- much of the money involved was international, particularly Russian (and, reputedly, much of it was likely stashed in Cyprus by organized crime.) Much of the money coming into Bitcoin being because it is perceived as a better place for organized crime to stash money than traditional banks I can believe, though, frankly, I'd see the events in Cyprus (while relevant to that consideration) as secondary to the comparative immaturity in regulation and anti-money-laundering monitoring affecting entities in the Bitcoin space as opposed to traditional banks.