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Feds shut down payment network Liberty Reserve. Is Bitcoin next?

• ghughes 13y ago
  No, because Bitcoin is decentralized and cannot be shut down in this manner.
  • post_break 13y ago
    If you can't use convert Bitcoin to other currencies it can die. It's the Little Bighorn strategy.
• nooron 13y ago
  Interesting and relevant question, but not the right one. Liberty was a business that built technology for dodging the law; Bitcoin is itself a technology. If what you're asking is, will Bitcoin exchanges and services face similar prosecution, the answer depends entirely on the exchanges themselves. I hope other exchanges take steps to comply with the law; my colleagues and I certainly are.
  • genwin 13y ago
    This is clearly a shot across Bitcoin's bow. A future takedown of Bitcoin (indirectly, via exchanges) will likewise be illogically blamed on illicit transactions.