Idk, that's like saying citizens in Thailand already have tons of Bitcoin that they are immediately going to dump on the market. The case in Cyprus is the opposite, the citizens will be more inclined to buy. If there are hardly any users, making something illegal (and only pseudo at that) is not a big deal.

I agree that the Cyprus scenario was blown way out of proportion at the time. However, I still believe the Cypriots/Argentinians will come around, just let it snowball a bit. These situations are the killer app for Bitcoin. This is assuming Gox doesn't explode in the near future.

I guess Thailand can ban the Internet in the interim.