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BitCoin will be made illegal, but cryptocash is here to stay

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Re: BitCoin will be made illegal, but cryptocash is here to stay

#11

Post by ChuckMcM »

For me I see the seminal (forgive the pun) flashpoint being when pay-per-use pornographic web sites take BitCoins for services rendered.

The value proposition of anonymity is highly valued there I suspect.

Prior to that occuring, I expect there would need to be a service that pornographers would 'buy' as enabling this as a valued currency.

So once we see the emergence of a referral system or advertising system in which you can 'pay' for ads with Bitcoins I don't doubt we'll see sites that accept Bitcoins as payment.

Re: BitCoin will be made illegal, but cryptocash is here to stay

#12

Post by grimen »

ChuckMcM wrote: post #11

For me I see the seminal (forgive the pun) flashpoint being when pay-per-use pornographic web sites take BitCoins for services rendered. The value proposition of anonymity is highly valued there I suspect. Prior to that occuring, I expect there would need to be a service that pornographers would 'buy' as enabling this as a valued currency. So once we see the emergence of a referral system or advertising system in whi…

We are considering enabling BitCoin in countries where Internet is now owned by the government in same way as US, Russia, and China mainly. FIrst off: Sweden and Netherlands in such case - a safe card.

Re: BitCoin will be made illegal, but cryptocash is here to stay

#13

Post by grimen »

grimen wrote: post #12
ChuckMcM wrote: post #11

For me I see the seminal (forgive the pun) flashpoint being when pay-per-use pornographic web sites take BitCoins for services rendered. The value proposition of anonymity is highly valued there I suspect. Prior to that occuring, I expect there would need to be a service that pornographers would 'buy' as enabling this as a valued currency. So once we see the emergence of a referral system or advertising system in whi…

We are considering enabling BitCoin in countries where Internet is now owned by the government in same way as US, Russia, and China mainly. FIrst off: Sweden and Netherlands in such case - a safe card.

...and to clearify (a bit at least): We have built a de-centralised e-commerce system that will work where web standards work.

Re: BitCoin will be made illegal, but cryptocash is here to stay

#14

Post by kposehn »

I don't really think BitCoin will be made illegal, simply because there's no real reason to do so. As a concept, I find it interesting; however, I consider the execution to be flawed in several ways (namely the entire concept of mining).

In order to become a force which could get attention, BitCoins would need to be used en masse for nefarious or questionable purposes (the definition of those being whatever politicians decide they are). Right now the volume is extremely low and quite frankly you're not going to conduct large scale illicit activities in that system easily. If it hits $50bn in volume however, then something might happen.

Re: BitCoin will be made illegal, but cryptocash is here to stay

#15

Post by mike_esspe »

tzs wrote: post #9
quanticle wrote: post #4

The problem with all of these e-currency schemes is that there's still a huge divide between the virtual e-cash world and the real "bills & change" world. I can't use Bitcoin to pay my rent or buy food. In order to do that, I have to go through a money transfer site. These sites are already pretty heavily regulated. I'm not even sure that any additional laws would have to be passed in order to make Bitcoin illegal; i…

More important, you can't use it to pay your taxes.

This looks like a plus :)
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