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BOLIVIA BANS BITCOIN...for my dear bitcointards
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[quote:Anonymous Coward 59022802:MV8yNTc2ODc2XzQ0ODcyMTM4XzQ5MzVDQzhB] Not a bitcoin person, but when people flee a nation's currency, the state will criminalize the competing currencies. Gold isn't any better in that regard. Bitcoins will be banned in the USA soon, as well as gold, and any other thing that could become a popular trading mechanism. So I don't think it is fair for gold people to point out this is a bitcoin specific weakness - it isn't. But on that same note, now the bitcoin people are figuring out that this isn't half the panacea like they thought it would be. [/quote]
Original Message
The Bolivian government banned Bitcoin in May, CoinDesk announced yesterday:
El Banco Central de Bolivia, the central bank of the South American nation, has officially banned any currency or coins not issued or regulated by the government, including bitcoin and a list of other cryptocurrencies including namecoin, peercoin, Quark, primecoin and feathercoin.
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