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Topic: The Everything Bearish Thread (Read 19530 times)

sr. member
Activity: 294
Merit: 250
June 06, 2016, 07:53:09 AM
Bitcoin Helps The Really, Really Ill
Yet the $10,000 a month BTC limit remains a stumbling block for the critically ill sufferers who routinely smoke $10,000 of life-saving weed per week.
http://www.coindesk.com/bitcoin-atms-gray-areas/

"Bitcoin seems just as popular as a payment method for marijuana purchases in Colorado. According to an associate at a dispensary in Colorado Springs, a city that only allows medical marijuana sales, one customer comes in weekly and purchases marijuana using bitcoin.

Another sales associate was unclear what merchant processor the dispensary uses to accept the bitcoin payments, but she said that there’s a $10,000 limit for bitcoin transactions per month.

Notably, she said the customer routinely spends this amount in a given week.
"

One could only hope ObamaCare covers the $40,000 per months Sad
zby
legendary
Activity: 1594
Merit: 1001
January 22, 2016, 11:30:58 AM
Chinese government warned about MMM: http://english.caixin.com/2016-01-19/100901352.html
sr. member
Activity: 294
Merit: 250
January 19, 2016, 09:40:07 AM
Not Funny, Misleadingly Titled, Not Bearish And, Worst Of All, Long.
Rad it anyhow. All the way trough.
http://www.coindesk.com/danger-blockchain-monoculture/
sr. member
Activity: 294
Merit: 250
January 19, 2016, 08:29:21 AM
So Long, And Thanks For All The Fish!
Coinbase US Government Liaison Leaves for Banking Role

"It's been a fantastic opportunity working with each of you on some of the more interesting and timely issues in tech and finance today."
Hahahahaha Cheesy
sr. member
Activity: 294
Merit: 250
January 18, 2016, 09:19:25 AM
Bitstamp Bans Access from Russia "Temporarily"
"Russian users of popular Bitcoin exchange Bitstamp are struggling to gain access to their trading accounts, due to the company’s decision to temporarily [Hahahahaha -ed] block access from all Russian IP addresses. According to the database of FSSCIM, as of January 18, 2016, Bitstamp is granted full access and there are no pending attempts to restrict access to the site."
Russian Bear Fed Up With Bitcoin Bullshit

Russia's Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.

Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.

Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).
sr. member
Activity: 294
Merit: 250
January 14, 2016, 05:39:43 PM
The Belated Awakening
[Ex]Bitcoin core dev Mike Hearn is done with Bitcoin. But not you. Oooh no, YOU know better Roll Eyes
Why has Bitcoin failed? It has failed because the community has failed. What was meant to be a new, decentralised form of money that lacked “systemically important institutions” and “too big to fail” has become something even worse: a system completely controlled by just a handful of people. Worse still, the network is on the brink of technical collapse. The mechanisms that should have prevented this outcome have broken down, and as a result there’s no longer much reason to think Bitcoin can actually be better than the existing financial system.
Think about it. If you had never heard about Bitcoin before, would you care about a payments network that:
  • Couldn’t move your existing money
  • Had wildly unpredictable fees that were high and rising fast
  • Allowed buyers to take back payments they’d made after walking out of shops, by simply pressing a button (if you aren’t aware of this “feature” that’s because Bitcoin was only just changed to allow it)
  • Is suffering large backlogs and flaky payments
  • … which is controlled by China
  • … and in which the companies and people building it were in open civil war?
I’m going to hazard a guess that the answer is no.

Before the fiddlers have fled..
sr. member
Activity: 294
Merit: 250
December 21, 2015, 09:34:15 AM
sr. member
Activity: 294
Merit: 250
December 16, 2015, 09:26:37 AM
Two [more] Board Members Exit as Bitcoin Foundation Seeks Funding
Bitcoin Foundation board members Jim Harper and Olivier Janssens have resigned and been removed from the trade organization, respectively, following a disagreement over the future of the advocacy group.
The Bitcoin Foundation is the oldest and largest group in the Bitcoin industry.
Our focus is to foster education, engage in advocacy, increase adoption and encourage development of bitcoin and blockchain technology worldwide.
Our membership includes a who’s who of prominent individual and corporate members with several international chapters.
sr. member
Activity: 294
Merit: 250
December 14, 2015, 09:26:10 AM
Bitcoin Isn’t Eliminating Intermediaries, They Said
Or how banksters waste your money to 'research' shit any child could have told them for free.
A new Deutsche Bank Research report suggests the bitcoin network is in some ways failing to live up to its original vision.

"The original idea of bitcoin – to create a peer-to-peer scheme that is independent of intermediaries and central agents – is to some degree being overhauled by real life. The bitcoin ecosystem now includes a number of financial intermediaries, like wallet providers and exchanges, and these show a trend towards concentration."
sr. member
Activity: 294
Merit: 250
December 08, 2015, 11:41:01 AM
Bitcoin Foundation 'Close To Running Out of Money'
From our 'There is no joy in Mudville' department
The Bitcoin Foundation is broke, claims the foundation's alleged child molester chairman Brock Pierce.
Foundation executive director Bruce Fenton said at the October meeting:
"We need to do serious fundraising ... Revenue is key, we can't do much more to cut expenses."
The foundation currently employs two part-time staff.
Pierce tried to rally his board, underlining the seriousness of the foundation's financial problems:
"We are the Foundation, we have no resources, this is us, if you don’t like the foundation as it stands, you don’t like yourself ... each board member should be prepared to do the work themselves, to keep the Foundation going."

BITCOIN FOUNDATION CHIEFS BOARD OF DIRECTORS:
Gavin Andresen
Board Member
Bobby Lee
Board Member
Meyer Malka
Board Member
Brock Pierce
Foundation Board Chairman
Elizabeth Ploshay
Board Member
Jim Harper
Board Member
Olivier Janssens
Board Member
Bruce Fenton
Executive Director
INDIANS STAFF:
The foundation currently employs 2 (two) part-time staff.
hero member
Activity: 506
Merit: 500
December 06, 2015, 02:31:07 AM
Bitcoin Businessman Nabbed in Thailand
From our burgeoning 'Let's get sushi... and not pay!' department.
Stealthy Canadian and pillar of the Bitcoin business community Variety Jones, A.K.A. Roger Thomas Clark, arrested in Thailand.

Thailand is a country on Southeast Asia’s Indochina peninsula known for tropical beaches, opulent royal palaces, ancient ruins and ornate temples displaying figures of Buddha, a revered symbol. In Bangkok, the capital, an ultramodern cityscape rises next to quiet canal and riverside communities. Commercial hubs such as Chinatown consist of labyrinthine alleys crammed with shophouses, markets and diners.

http://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-arrest-and-unsealing-charges-against-senior-adviser

This is actually some what good for Ross. And probably somewhat good for bitcoin.
sr. member
Activity: 294
Merit: 250
December 05, 2015, 03:21:38 PM
Bitcoin Businessman Nabbed in Thailand
From our burgeoning 'Let's get sushi... and not pay!' department.
Stealthy Canadian and pillar of the Bitcoin business community Variety Jones, A.K.A. Roger Thomas Clark, arrested in Thailand.

Thailand is a country on Southeast Asia’s Indochina peninsula known for tropical beaches, opulent royal palaces, ancient ruins and ornate temples displaying figures of Buddha, a revered symbol. In Bangkok, the capital, an ultramodern cityscape rises next to quiet canal and riverside communities. Commercial hubs such as Chinatown consist of labyrinthine alleys crammed with shophouses, markets and diners.

http://www.justice.gov/usao-sdny/pr/manhattan-us-attorney-announces-arrest-and-unsealing-charges-against-senior-adviser
member
Activity: 120
Merit: 10
December 05, 2015, 03:29:24 AM
Good News, Everyone!
From our burgeoning 'Let's get sushi... and not pay!' department.

The GAW scam is 100% a bitcoin thing, in the sense that about ever last sucker comes from this community.

Bitcoiners are the most scammable people out there, except perhaps the ones responding to Nigerian prince spam.
But not by much.

It is actually good news for bitcoin if all those scammers are removed from the bitcoin world. There are too many scams out there.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
December 02, 2015, 02:13:27 PM
Good News, Everyone!
From our burgeoning 'Let's get sushi... and not pay!' department.


The GAW scam is 100% a bitcoin thing, in the sense that about ever last sucker comes from this community.

Bitcoiners are the most scammable people out there, except perhaps the ones responding to Nigerian prince spam.
But not by much.
sr. member
Activity: 294
Merit: 250
December 02, 2015, 01:10:11 PM
Good News, Everyone!
From our burgeoning 'Let's get sushi... and not pay!' department.

sr. member
Activity: 294
Merit: 250
November 27, 2015, 11:44:44 AM
Money Launderer Sues Real Company in Kenyan High Court.
Safaricom takes its toys and goes home; BitPesa cries like a little girl, runs to Nanny State to make it all better.
Elizabeth Rossiello, CEO and co-founder of BitPesa, said in a statement to CoinDesk:
"I do not wish to comment much on a matter in court. BitPesa has been wronged, which is why we have referred the matter to court. I am deeply disappointed that the media continues to publish incorrect information that diverts from the evidence submitted to the court, but we will let the court determine the matter. We remain confident that even a small company like BitPesa will gain a fair trial and look forward to the court's decision."


legendary
Activity: 2101
Merit: 1061
November 23, 2015, 07:20:22 PM

Terrorists using bitcoin as money means bitcoin is useful as money. Is that meant to be bearish for bitcoin which is a form of money. Or am I missing the point? To me that is bullish.

(And I'm not condoning how it was used before anyone tries that card)

Well see, you don't quite get how this world works.
Sure, drug dealers using bitcoin as money gives bitcoin a temporary boost, as does its use by kidnappers and extortionists and pedophiles.
Caveat: the boost is temporary, like a snort of shitty crank bought on DNM. All this monetary hooliganism doesn't win bitcoin any friends.
No.
It provokes righteous anger from the powers that be, the same powers-that-be which bitcoiners have been taunting from the git-go, like aspy little purse dogs yapping at a sleeping mastiff.

Is it any wonder that mainstream media shows you no love? Retarded outbursts like "terrorists use our tokens? This is actually good for bitcoin!"

That's why I won't shed a tear when your pedo-pesos are banned in EU, and why I'll smile while thinking about bitcoiners getting assraped reeducated by big burly zeks with deceptively sweet names, like Sereja and Volerachka.
For four years.
Flat time.
In Siberian gulags, where y'all belong.
Smiley

Interesting and eloquent, thanks for sharing
sr. member
Activity: 294
Merit: 250
November 23, 2015, 07:06:10 PM

Terrorists using bitcoin as money means bitcoin is useful as money. Is that meant to be bearish for bitcoin which is a form of money. Or am I missing the point? To me that is bullish.

(And I'm not condoning how it was used before anyone tries that card)

Well see, you don't quite get how this world works.
Sure, drug dealers using bitcoin as money gives bitcoin a temporary boost, as does its use by kidnappers and extortionists and pedophiles.
Caveat: the boost is temporary, like a snort of shitty crank bought on DNM. All this monetary hooliganism doesn't win bitcoin any friends.
No.
It provokes righteous anger from the powers that be, the same powers-that-be which bitcoiners have been taunting from the git-go, like aspy little purse dogs yapping at a sleeping mastiff.

Is it any wonder that mainstream media shows you no love? Retarded outbursts like "terrorists use our tokens? This is actually good for bitcoin!"

That's why I won't shed a tear when your pedo-pesos are banned in EU, and why I'll smile while thinking about bitcoiners getting assraped reeducated by big burly zeks with deceptively sweet names, like Sereja and Volerachka.
For four years.
Flat time.
In Siberian gulags, where y'all belong.
Smiley
legendary
Activity: 2101
Merit: 1061
November 23, 2015, 06:35:54 PM

Terrorists using bitcoin as money means bitcoin is useful as money. Is that meant to be bearish for bitcoin which is a form of money. Or am I missing the point? To me that is bullish.

(And I'm not condoning how it was used before anyone tries that card)
sr. member
Activity: 294
Merit: 250
November 23, 2015, 09:57:59 AM
Exactly.
Not sure why noob Darkbot hasn't been banned yet. I don't report posts as a matter of principle, but this user has never contributed anything other than rage.
Mods?
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