And it's closure had nothing to do with affiliation to the notorious Liberty reserve and ability to withdraw funds from the same? All the same, these are centralised enterprises. Bitcoin is run from private computers, the people, all over the world.
Of course, but you can't ignore the effect exchanges currently have on bitcoin.Well, sure but this is mostly FUD saturated, nervous speculators which affect the price so much. I still have all my Bitcoins, a good 10% of my net-worth and not planning to sell them during these growing pains of the currency. This new attention is likely the apparent threat to the USD that cryptocurrency represents.
Once all the negative news tails off, I fully expect a breakout in price and volume transition to whichever exchanges or 'trading station's that are left. Seriously though, if the US gov was going to shutdown MTGox, they would of done it already. Everyone just needs to chillout and enjoy the gravy train.
imo it started in may with the case of some guys cashing out 2.8 Mio $ alone in New York on one day and 45 Mio $ worldwide over last three years.
and now some weeks later following that trace they bust LR - which they must have watched for quite some time - transferring more than 6 Bio $ for criminals over the last years.
the criminal organisations worldwide adapted to virtual currencies much faster than the governments (as they are always one step ahead).
only possibility for the gov to keep up with the whole coinmania is to check the flow over the exchanges as they did with LR.
noobquestion: could you trace the flow of single bitcoins transferred from wallet to wallet back to an exchange account where it was purchased in the first place?
(because if police get hands on some wallets during a razzia they then could check who purchased it in the first place)
well criminals will search for alternatives, if I were them I'd trade or even open some exchange now myself (with easily fakeable accounts) in a country with weak lawsystem and much corruption.
i wonder which coin will be the first? (that is one huge market gap for some BADcoin or BlackCoin) edit: Gcoin sounds much better
this is hyper-bullish-tinfoil-news
