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Claim BCoinX - BitCoin out of USA 2016

Category: Politics:US Politics Finance:World Finance Finance:US Finance JUDGED at 0
Judge:97, Loophole
due date:2016/03/01

The Claim

BitCoin will no longer be available for use by United States citizens as of 1 January 2016. This may occur in a number of ways, including but not limited to: market failure of BitCoin leading to closure of the exchanges, governmental seizure of more than 95% of total extant coins, or U.S. Federal law changes prohibiting either possession, transfer, or exchange of bitcoins for "real" currency either via domestic or foreign exchanges.

Judge's Statement

I will use the following criteria, any one of which becoming true would be considered a "failure" and cause the claim to be judged TRUE:

  • An absence of legal USD exchange liquidity: There is no practical and legal way under US law for a US resident to exchange bitcoins for US dollars and vice versa in an amount over $10,000 per week. (Admittedly some judgment will have to be applied here as to what is "practical" and how to apply any legal limits to this question. By comparison, today there are a number of exchanges both inside and outside the US where one can buy and sell bitcoin legally in much larger volume.)
  • A "crash" of bitcoin trading value: The volume-weighted exchange value of a bitcoin remains below $10 (per bitcoin) for 7 consecutive days (any time zone). See bitcoinaverage.com's chart for comparison.
  • A "crash" of transaction volume: The USD-value of estimated transaction volume per day remains below one million dollars for 7 consecutive days. See blockchain.info's chart for comparison.
  • A "crash" of network infrastructure (1): The network hash rate of the bitcoin network drops below 500,000 GH/s for 7 consecutive days; see blockchain.info's chart for comparison.
  • A "crash" of network infrastructure (2): The network fails to "mine" more than 24 blocks per day for 7 consecutive days.
  • A "crash" of network infrastructure (3): Credible evidence exists for a sustained 51% attack on the network lasting for more than 7 consecutive days.

The Market

Your Buy YES Orders Players Buying YES Coupons
Price Plot for life of BCoinX
Last trade price: 0
Current ask price: 100
Current bid price: 0
Pairs outstanding: 9316
Players participating: 17
View the ticker for this Claim.

Your cash balance: 1354.58
Your holdings in this Claim: 0
Your UID:
Your password:
Your Sell YES Orders Players Selling YES Coupons

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