Its About Sharing
Legendary
*
Offline Offline

Activity: 1386
Merit: 1000


Antifragile


View Profile Personal Message (Offline)

Ignore
June 25, 2013, 12:08:39 PM


holy crap indeed. It smells funny though because they were even willing to give a reason... who would've thought that?

This Citibank plutocrats are defending their business, they are starting to be afraid of Bitcoin. Cool.

The ones thinking that the bankers would let Bitcoin alone are foolish. Bitcoin is a natural born enemy of the traditional financial system. In the long run, only one can survive.

Let the games begin.

Yeah, what would be better than a big war where every bank stops dealing with Bitcoin and makes it near impossible to get money in and out of the exchanges. Can't wait for that.

Seriously, you don't understand what you're wishing for. Get out of fantasy land man.
The governments and banks could destroy Bitcoin for breakfast if they wanted to.

Banks shutting down anything Bitcoin isn't good news. Really, it isn't.
If only one can survive, it won't be Bitcoin. Anyone living in reality can see that.

This is Napster's closure inviting Bit-Torrent all over again. This is just fueling more innovation with decentralized exchanges, physical exchange meeting points, etc.
They might very well crash the price of BTC in the short term with these types of announcements, but in the longer term they are helping us to create an infrastructure we desperately need.
Then they will probably make it illegal, but if the existing banking system continues it's tumble, they will probably fail miserably in that endeavor.