Silk Road forums

Discussion => Newbie discussion => Topic started by: Grizzly421 on February 04, 2013, 01:10 am

Title: Bitcoin banned?
Post by: Grizzly421 on February 04, 2013, 01:10 am

I recently read an article speculating that bitcoin exchanges could be indicted for money laundering. It really wouldn't surprise me given bitcoin threatens the state sanction currency monopolies. any thoughts?

Title: Re: Bitcoin banned?
Post by: scout on February 04, 2013, 01:12 am

Not sure how this would work since bitcoins are also used to buy completely legal items and not every bitcoin exchange is used for money laundering.

Title: Re: Bitcoin banned?
Post by: Grizzly421 on February 04, 2013, 01:19 am

I agree but since when do rationality and government go together.

Title: Re: Bitcoin banned?
Post by: scout on February 04, 2013, 01:22 am

I understand your point and yes, maybe one day bitcoin will be illegal, but the benefit of bitcoin is that it is decentralized, and easy to use (buy/sell) anonymously .... so even if it becomes illegal, people will continue to buy it and sell it, though maybe not through the current exchanges.