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Paranoid?
http://news.cnet.com/8301-13578_3-57584511-38/homeland-security-cuts-off-dwolla-bitcoin-transfers/
There is a war on non-US controlled e-currency. Get your heads out of your asses
Oh there's more than that. In the last few weeks we've had 2 bitcoin exchanges go offline after their banks froze their accounts. The exchanges were bitcoin-24 and bitfloor. All of this is because of pressure from governments.
The good thing is that war cannot be won, same as that on islam as well as that on drugs.
One day taxpayers will stop funding such wars and a lot of corporations will go bankrupt since they cant face real competition.
There is a big world out there outside US. Sooner or later there will be chinese exchanges completely utside of US reach, they will only be able to block their IPs, but even that wont last long, Tor/freenet can work and there can be developed a lot of layers over the current internet to circumvent US censorship as US helps people circumvent Chinese censorship.
From this information and e-currency war, the little guy can finally win something.
We have a saying here, when 2 are beating each other off, the third one will win.
Its not so much about where its based, but whether it allows surveillance of transactions. Its about pervasive surveillance and governments want to be able to monitor transactions in the same way that, for example, they can monitor phone calls, web browsing, or physical movement (provided you carry a cell phone or, increasingly, use a car).
Governments would get rid of paper money and replace it with electronic systems if they could, but its not yet practical.
=> The Domain Name Has Been Seized
and
Do you smoke pot and make long, drawn out posts or is this a natural mental thing
Unable to connect Firefox can't establish a connection to the server at perfectmoney.com
We are planning to add webmoney and bitcoin as alternative.
Bitcoin will be harder to shutdown. They will be able to seize the coins, though, if the exchanges are raided and users logged in or through waterboarding or other techniques to convince ppl to cooperate, but it is impractical to seize all, even if they run a fake exchange.
other methods might be used, such as buying out as much as possible, but that wont help much, will only raise the value of whatever is left.
Your forgeting that even if feds did shut down bitcoin, there is still litecoin, and bitcoin could easily be branched thousands of times. freicoin, terracoin, etc, even ripple.
Actually, it is not that simple, the market needs something stable, not something they lose every year or so when US decides to shut it down.
As usual, when there is a demand for something, administrative measures cant stop it, same, when the market is dominated by monopolies, the people will always look for something else when screwed up by Paypal, for example.
The more restrictions will be for controlling the payments, the more the need for alternatives, the more money will paypal steal, the more people will look for alternatives.
This is the natural flow of things. However, now we need a bit of stability, lets hope Bitcoin exchanges will manage to find shelter in an independent country.