Topic: [FUD] Russia, China & Apple ban Bitcoins. Gox closing. Is this the end? - page 2. (Read 11030 times)

Funny where's all the bitching and moaning about how 'corrupt' and 'ignorant' government of China, Russia, India, etc are?

No where near the degree of which they bitch at certain country which now hosts less than 3 exchanges and greatest interest in riding the crypto wave with only some minor regulations.

Bitch moan, bitch moan, but never have the balls to even bark at the ones actually cracking down on bitcoin this VERY moment by outlawing it completely.


Pussies.

Too many people have woken up to their corrupt governments, corporations and banking systems worldwide..I doubt it is the end of BTC or the freedom movement and these so called free countries we reside in cannot ban it either because it would go against their constitutions and free market economic systems they keep telling us about..Oh let the markets regulate so now we got BTC AND ALTS as well..There is demand so let the supply be hashed out..

Shopify Merchants can now accept BTC  http://www.shopify.co.uk/blog/10446157-shopify-merchants-can-now-accept-bitcoin#axzz2sgdj4eM8

Viva la revolution.

It's more about diminishing american institutional and currency power of the world than the russian rouble, russia has nothing to say in financial system of the world nor the slighltes chance to become the worlds currency, maybe chinas has.  Usa would loose 10x more then russia in terms of power and influence and russia could become the epicenter of the whole bitcoin ecosystem just like sillicon vally is for technology.  I agree with you on emotion vs rational but this is actually more emotion,  the chance to break the dollar by the way you can play on his megalomaniac aspirations to becoming a historical person . If you know dictators , those things are more important then their own country or people for them.

It would take more than a 1 hour pitch from Andreas - you are up against a millenia of the Russian peoples emotional attachment to the rouble (and emotion is often way more powerful a driving force than any rational arguement based on elliptic curve cryptography  ) - combined with a strong political leaders recalcitrance in refusing to relinquish even the slightest amount of his own nations economic/financial sovereignty and control. You think Putin will be swayed by a bunch of open source anarchist hackers FFS ?

  To my mind bitcoin will prevail in spite of the decisions of the political elite (of any country) - hopefully some will recognise its inevitability and regulate for it.
  However it works out it will be a movement of the people for the people by the people - it won't succeed by virtue of an arbitrary political decision. It will be because people use BTC.

It will succeed - you can't kill an idea - but I wouldn't lay too much store by a Putin/Andreas meeting  

i would say the current situation did do some harm to the BTC but it has also given new opportunities for others. take a look at this
http://www.bloomberg.com/news/2014-02-07/bitcoin-price-falls-as-mt-gox-exchange-halts-activity.html

about the apple issue - the move didn't affect the use of BTC but it has turned back against apple itself
http://www.bloomberg.com/news/2014-02-07/apple-bitcoin-rift-has-currency-s-fans-ditching-iphones.html

And also about India - not all exchanges in India have closed. It was the first move by the Indian govt to understand bitcoin. feel free to browse Indian sub-forum to know more.
There are still exchanges operating in India like https://bitquick.in & https://unocoin.com

http://www.coindesk.com/leading-anti-malware-firm-malwarebytes-starts-accepting-bitcoin/ Another place to spend your BTC.  The more businesses that keep doing this the more commercially acceptable and socially acceptable the use of cryptocurrency will become.  I know that one day we will be able to pay for our weekly food shop in the supermarket with bitcoin.  Imagine if Tesco or Walmart started accepting BTC.....ok maybe Walmart is pushing it a bit...

I wrote this in a new thread  called " Putins lost opportunity to crush USD & financial system - Putin needs Andreas" -

Too bad Mr putin do not understand what opportunity he is missing out on

I have been playing with this thought a few days.

So everyone that follows Putins politics clearly understands his goals and ambitions by now, to rebuild russia as an empire and super power and to stand against US and EU on any global issue (snowden, syria, ukraine the list goes on and on) to show his muscles. One can have opinions about how stupid, retarded, illiterate and counterproductive he is about going at it, but no one neglects his ambitions.

So it's very pity and a shame that he really do not have any technical /economical advisor that understands the potential of Btc and really can explain to him where bitcoin can play a global role to diminish usd power.

If he really understood the damage a world wide adoption of bitcoin can do to the financial system ( which in large is controlled by american institutions and USD ) and how he can help accelerate and stimulate this development by creating a safe heaven in russia I'm 150% confident he would do it. He would go all in.  Russia has nothing to lose, american instituions control the financial system of the world, usd is the global currency of the world and russia has nothing to loose if bitcoin would to take over the world.

And its quite easy -create a safe heaven for any company and project related to bitcoin, it will create ten and hundred thousands of jobs in Russia.

Andreas you need to talk to Mr Putin.

Anyone close to Putin, PLease let Andreas make 1 hour pitch to him. Putin would die for the opportunity to take down usd.

C'mon, u r from Russia, u should know that all such problems r easily solved by bribing a few people.  

FYR: https://bitcointalksearch.org/topic/m.4990618

Russia ban bitcoin, New breaking news,  http://www.coindesk.com/btce-pulls-support-ruble-russia-bans-bitcoin/

Ah got it

Answer: 'OP' has two common meanings in the 21st century. It will sometimes mean 'overpowered' in the world of online gaming. More commonly, OP means 'original poster' in discussion forums. The original poster is the person who started a discussion thread, and OP is used to refer back to that person as the responses grow.

GAML < Noob

Who is OP?

OP is a reckless troll who deserves no respect.

That is exactly what I said

YAWN. Most of that is old news or wrong news. Poor threadstarter needs cheap coins hm?

They are cheap. Without those bad news price would be 7000 not 700  

if you'll notice, the link on the us being in the process of banning bitcons is pure fud. article is 9 months old and has nothing to do with the us cracking down on legitimate usage of bitcoin, they only encroach the illicit actions. we're all under scrutiny now, but it will be ok. the prices will fall, but they will rebound and we should be at a fair price for bitcoins

America are not banning BTC.  Why post a link from 2013?  The FBI are getting ready to sell the haul they got from silk road via an auction on the US Marshall's website.  Congress held 2 hearing on bitcoin and are in favor of supporting it. And the IRS are now allowing people to pay their tax in BTC http://www.forbes.com/sites/benkepes/2014/01/15/bitcoin-breaks-out-you-can-now-pay-the-irs-in-cryptocurrency/

Is this the end?  No it just means it is going to get taxed and at some point users and business who deal in / trade or accept will have to conform to some level of regulation.

Germany has already ruled that Bitcoin is to recognized as "private money for legal and tax purposes" http://rt.com/news/bitcoin-germany-recognize-currency-641/

The countries that are banning it have ulterior motives.  China and Russia - Communism - Not a surprise it was banned - India, Russia, China and other 3rd world countries such as Indonesia - Preservation of slave wages and economic enslavement of their workforce.  Do you really think their governments want the wage slaves that are booming their economy to give up working for next to nothing and making significant amounts of money mining alt coins and trading BTC.  FACT: One of the Chinese Governments primary goals is to become the worlds number 1 industrial superpower within the next 20 years.

http://en.wikipedia.org/wiki/Legal_status_of_Bitcoin  Check this out then look on credible financial news websites such as Forbes or the governments websites in the country of choice to see the present position.

In regards democratic nations anything they can give a legal status too, tax and regulate in some form or another is going to be welcomed with open arms because of the keyword TAX.  We all know how capitalist democratic governments love tax! tax! tax! and will tax the fuck out of anything they can.  The UK is assessing the legal status of BTC right now -
The Financial Times 19th Jan - UK reviews Bitcoin tax as global regulators seek to cash in http://www.ft.com/cms/s/0/2d894c9e-812f-11e3-95aa-00144feab7de.html#axzz2sfjjHmZw.  

If it is ruled money as in Germany it is going to get hit with income tax, if it ruled as a security or a commodity it is going to get hit with capital gains tax.  I will bet you the 150 Karmacoins I own that the UK government will not ban Bitcoin.  They will want to rub themselves off over it and TAX IT.

Ebay are considering accepting Bitcoin payments - http://www.cnbc.com/id/101356642

Stay calm and hold onto your BTC.  If you want to flood the market with panic selling and debase the currency please do because I will be buying.  The headline will read - Forbes.com "Noob alt coin miner with shitty rig goes from broke to a million after panic selling of Bitcoin"  

The news is a good source of information but don't pay to much attention to it unless it is highly credible and cites it's sources.  Pay attention to what governments and academics are saying http://blogs.telegraph.co.uk/technology/jamiebartlett/100011868/one-day-amazon-will-accept-bitcoins-thats-when-central-banks-and-governments-get-nervous/

Did the legendary economist Milton Friedman predict the future back in 1999?  http://www.youtube.com/watch?v=j2mdYX1nF_Y Have a look and see.  

Some of the economists and lawmakers are worth listening to but there are also a lot that are talking shit; probably taking bribes from the Federal Reserve Bank who are most likely shitting their pants at the moment and thinking of ways to debase the currency and kill it.  The Fed are probably buying millions of dollars worth of bitcoin so they can flood the market at a time of their choosing in an attempt to debase it.  It was probably the Fed buying when it bombed to $500 average across the markets after China banned it.  Inflate the currency then debase it when you want it to fail.  That is economic warfare tactics.

Don't forget that the majority of news is often badly researched trash journalism, often fails to provide sources of their data and make sweeping uninformed statements.  Then are stations like Fox who report whatever the NWO and Rupert Murdoch want them to.  Pay attention to credible and well research journalism that provides its sources.  Whoever controls the media controls public opinion and Rupert Murdoch controls a hell of a lot of the news.

Wall street journal, Forbes, The Financial Times, ect.  (and that includes the big credible sources in your own countries that I am not aware of)

Another reason legal status, tax status and some form of regulation is coming is because we all know that BTC is already being used by criminal elements for criminal purposes.  You could not have put Al Capone in prison for tax evasion if he was dealing in bitcoin

It's the internet's version of the Axis of Evil. Somewhere, George Bush is smiling.