Hacker News Reader

Will it ever be more popular? EU is recently thinking about banning crypto currencies. This might end with ID verification requirement for all exchanges. Then Visa and other CC issuers will ban anything related to BitCoin, just like PayPal did and whole market will be dead.

View on HN

Bitcoin commerce is surprisingly resilient. Sites like LocalBitcoins facilitate in person cash trades.

As long as you can barter things of value, like a brand new Macbook for bitcoins, bitcoin will survive.

> Sites like LocalBitcoins facilitate in person cash trades.

Sites like LocalBitcoins would very quickly cease to exist if there is a concerted government effort to ban Bitcoins.

Or move to anonymous networks or more relaxed jurisdictions. Usually countries fail to unite on this kind of topics, I'm pretty sure jurisdictions like Hong Kong will allow always cryptocurrency trading sites.

Reply on news.ycombinator.com