Bitcoin security model: trust by computation

Re:Bitcoin security model: trust by computation by hershel on Friday February 21, 2014 @11:33AM (#7277709)

assuming exchanging bitcoin with usd becomes illegal with big enough penalties for both sides, what value would a decentralized exchange have, except for illegal businesses?

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Re:Bitcoin security model: trust by computation by torbjorn on Friday February 21, 2014 @01:59PM (#7278678)

A distributed exchange would have even more value if USD to BTC transactions were criminalized since there would be no central agency or person to strike at and shut the exchange down.

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Re:Bitcoin security model: trust by computation by tlrobinson on Friday February 21, 2014 @11:36AM (#7277731)

That's a fairly large assumption.

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Re:Bitcoin security model: trust by computation by baddox on Friday February 21, 2014 @01:41PM (#7278567)

There is a lot of value in illegal businesses.

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Re:Bitcoin security model: trust by computation by icebraining on Friday February 21, 2014 @12:46PM (#7278201)

There are other currencies besides USD.

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