Feds shut down payment network Liberty Reserve. Is Bitcoin next?

washingtonpost.com

8 pointsantimora4 comments

Interesting and relevant question, but not the right one.

Liberty was a business that built technology for dodging the law; Bitcoin is itself a technology.

If what you're asking is, will Bitcoin exchanges and services face similar prosecution, the answer depends entirely on the exchanges themselves.

I hope other exchanges take steps to comply with the law; my colleagues and I certainly are.

This is clearly a shot across Bitcoin's bow. A future takedown of Bitcoin (indirectly, via exchanges) will likewise be illogically blamed on illicit transactions.

No, because Bitcoin is decentralized and cannot be shut down in this manner.

If you can't use convert Bitcoin to other currencies it can die.

It's the Little Bighorn strategy.

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