From this article, quoting:
http://www.coindesk.com/the-cftcs-not-so-hidden-message-traders-beware/
"While simply trading digital currency (like bitcoins) on an exchange does not require CFTC registration, if you give advice to others or otherwise involve yourself in the process of placing the trades of others, you may need to register with the CFTC."
Bearish?
Topic: The Everything Bearish Thread - page 11. (Read 19530 times)
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).
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).
You are my hero.
@Hyena: When a mere glimpse of reality thrusts you into the depths of despair, when facts turn cruel and taunt you with promises of unthinkable torments to come, when the air itself starts to congeal into a seething, suffocating miasma of uncertainty and doubt... That's some ugly, serious pathology, Hyena. Probably paranoid schizophrenia. Just spitballing here, I ain't no doc, myself.
Could be something worse...
Could be something worse...
OP is a fud.
From our sister thread:
*cough*
Dutch Central Bank Research Head 'Not Opposed' to Bitcoin
News URL : http://www.coindesk.com/dutch-central-bank-research-not-opposed-bitcoin/
News URL : http://www.coindesk.com/dutch-central-bank-research-not-opposed-bitcoin/
*cough*
Dutch Bank’s Innovation Chief: Bitcoin Obsolete
"We want to prevent bitcoin's poor image reflecting on what we do with the blockchain, its underlying technology. We see many opportunities [in the blockchain]. Bitcoin itself is outmoded."
Normally I wouldn't post ITT but since I don't want to make a thread and the article is so well written (in regards to making the cultists furious when they read it) I'll post it here.
http://www.technologyreview.com/view/541901/the-troubles-of-bitcoins-paypal-show-why-the-cryptocurrency-is-not-a-good-payment/
The press shill department down at level 3 should take a note from this guy.
http://www.technologyreview.com/view/541901/the-troubles-of-bitcoins-paypal-show-why-the-cryptocurrency-is-not-a-good-payment/
Quote
First, no one much wants to pay with Bitcoin and there’s not currently good reason to think that will change. BitPay’s business model was to help merchants take Bitcoin payments—often converting them directly into dollars—and take a cut of transactions. The company has enabled Microsoft, retailer Newegg, and many other companies accept Bitcoin payments.
Unfortunately for BitPay, just about no one gets paid in bitcoins, and for most people there are not clear reasons to bother with the trouble of buying bitcoins just to spend them again.
Unfortunately for BitPay, just about no one gets paid in bitcoins, and for most people there are not clear reasons to bother with the trouble of buying bitcoins just to spend them again.
The press shill department down at level 3 should take a note from this guy.
Is this SPAM?
Bitcoin Blackmailer Jailed For Failing To Poison Pumpkin Patch
'Michael Young, 53, who served as a military police officer in the British Army, told Lincolnshire grower, David Bowman, 70, that he had selectively poisoned a large number of his pumpkins and demanded £50,000.
Young asked for payment in Bitcoins – a form of digital currency favored by criminals – and sent instructions on how to set up a Bitcoin account.'
Mr. Young's diabolical plan began to unravel when David Bowman, 70, started laughing, mistakenly assuming that Bitcoin (which Young kept calling 'the next world reserve currency') had to be some sort of a twisted practical joke, which it's totally not.
Young asked for payment in Bitcoins – a form of digital currency favored by criminals – and sent instructions on how to set up a Bitcoin account.'
Mr. Young's diabolical plan began to unravel when David Bowman, 70, started laughing, mistakenly assuming that Bitcoin (which Young kept calling 'the next world reserve currency') had to be some sort of a twisted practical joke, which it's totally not.
MIT Boffins On Bitcoin: Ain't Happening
The Troubles of “Bitcoin’s PayPal” Show Why the Cryptocurrency Is Not a Good Payment Mechanism
The Troubles of “Bitcoin’s PayPal” Show Why the Cryptocurrency Is Not a Good Payment Mechanism
'BitPay’s embarrassing loss of 5,000 Bitcoins worth $1.8 million ... reflects badly on BitPay’s compliance mechanisms. It also adds to the short but very rich history of spectacular Bitcoin thefts (see “Bitcoin’s Rise Constrained by Heists and Lost Fortunes”). They suggest that the currency’s design is not well suited to being used like conventional digital payment and money tools.
Bitcoin Mini: 21 Inc Computer For The Poor
The Bitcoin Mini team proudly presents the Mini Preorder: an affordable alternative for the frugal Bitcoin enthusiasts unwilling to part with $399.99 for 21 Inc's Raspberry Pi Full Node preorder.
If all that computer mumbo-jumbo is Greek to you, if downloading RAM and digging for hashes just ain't your cup of tea, this thrifty new Mini offers a set and forget plug and play solution to actively participating in securing the Bitcoin blockchain network with a fully preloaded software stack including an implementation of personal bitcoin API.
Still not convinced? No problem! That's just fancy computer speak for 'preorder now and pay only $149, SAVE $100!!! That's on top of the $150 you already saved by going with Mini!'.
CLICK!==>>PREORDER TODAY!<<==CLICK!If all that computer mumbo-jumbo is Greek to you, if downloading RAM and digging for hashes just ain't your cup of tea, this thrifty new Mini offers a set and forget plug and play solution to actively participating in securing the Bitcoin blockchain network with a fully preloaded software stack including an implementation of personal bitcoin API.
Still not convinced? No problem! That's just fancy computer speak for 'preorder now and pay only $149, SAVE $100!!! That's on top of the $150 you already saved by going with Mini!'.
BTCU.biz Teaches Ukrainians About Bitcoin. And Also Usury.
Coin ATM Radar announces 16,000 new Bitcoin-enabled ATMs in the Ukraine.
Of those tested, 30% don't work; 100% charge 19.5% premium.
Coin ATM Radar announces 16,000 new Bitcoin-enabled ATMs in the Ukraine.
Of those tested, 30% don't work; 100% charge 19.5% premium.
'A lingering question is the apparent 17 per cent [19.5% --ed.] fee when purchasing bitcoin at these ATMs but the community response has been generally positive, with one Ukrainian redditor saying he planned to start using the new terminals immediately.
5 Russian Banks Cyber Attacked in Bitcoin Extortion Plot
Quote from: http://cointelegraph.com/news/115366/5-russian-banks-cyber-attacked-in-bitcoin-extortion-plot
Five banks in Russia have undergone a DDoS-attack according to Artyom Sychev, Deputy Director of the General Directorate of Security and Information Protection of Russia’s Central Bank.
"To prevent such acts in the future, the attackers are asking to send only 50 BTC to their Bitcoin wallet,” said a representative of the Central Bank.
However, Sychev believes that criminals’ plan was to destabilize banks and to start a panic among the customers rather than extort a ransom in bitcoin.
"To prevent such acts in the future, the attackers are asking to send only 50 BTC to their Bitcoin wallet,” said a representative of the Central Bank.
However, Sychev believes that criminals’ plan was to destabilize banks and to start a panic among the customers rather than extort a ransom in bitcoin.
Bath Salts Enthusiast John McAfee Accepts Bitcoin for Presidential Run
Quote from: http://www.coindesk.com/anti-virus-tycoon-john-mcafee-accepts-bitcoin-for-presidential-run/
John even started a new party, the 'Cyber Party' [ha ha, get it? 'Party!' Like cake and balloons and hookers and bath salts party, get it? --ed] to 'rally against government snooping and bureaucracy.' Bitcoin, of course, being ideal for avoiding intrusive snooping and bureaucracy.
'Last year, the Federal Elections Commission (FEC) approved the digital currency as an in-kind donation for campaigns and political action committees (PACs).
In line with these rules, donations in bitcoin are limited to $2,700 – and require a number of personal details, including the donor's name, address and place of employment.'
McAfee joins fellow notable crazy person Rand Paul, who began accepting the currency for his presidential campaign in April. 'Last year, the Federal Elections Commission (FEC) approved the digital currency as an in-kind donation for campaigns and political action committees (PACs).
In line with these rules, donations in bitcoin are limited to $2,700 – and require a number of personal details, including the donor's name, address and place of employment.'
Bitcoin Unsafe And Not Even Sexy
So says Forbes' personal finance guru, Neale Godfrey.
So says Forbes' personal finance guru, Neale Godfrey.
Quote from: http://www.forbes.com/sites/nealegodfrey/2015/09/30/bitcoin-cyberhackers-are-tarnishing-the-sex-appeal/
"As far back as 2012, Bitcoinca [sic] was hacked and received lots of bad press. They promised to repay users in full for their losses, but, according to Investopedia, they never repaid in full. By the way, another hacking took place there just two months after the first incident."
Turned on? Me neither.
And another thing,
“'Mt. Gox confirmed that it faced roughly 150,000 hack attacks every single second. Just one of these attacks made it possible for thieves to make off with 750,000 bitcoin and bring the exchange to its knees,' said Investopedia."
How is that sexy?
"Also, more recently in 2015, according to CNN Money, 'Cyber thieves have run off with about 19,000 bitcoin ($5.2million) from Bitstamp accounts.'"
Not safe, not sexy. QED.
Turned on? Me neither.
And another thing,
“'Mt. Gox confirmed that it faced roughly 150,000 hack attacks every single second. Just one of these attacks made it possible for thieves to make off with 750,000 bitcoin and bring the exchange to its knees,' said Investopedia."
How is that sexy?
"Also, more recently in 2015, according to CNN Money, 'Cyber thieves have run off with about 19,000 bitcoin ($5.2million) from Bitstamp accounts.'"
Not safe, not sexy. QED.
Bitcoin Doing Just Fine, Says Bitcoin Brokerage Boss
Quote from: http://www.coindesk.com/press-releases/first-global-credit-ceo-gavin-smith-bitcoins-coming-of-age/
2014’s drop in bitcoin’s value coupled with lackluster performance in 2015 has given a boost to the currency’s naysayers who state that bitcoin is just not ready for public consumption.
Somewhat counterintuitively, First Global Credit’s CEO Gavin Smith says nothing could be further from the truth. Gavinn's sober, objective assessment has nothing whatsoever to do with 'First Global Credit [being] dedicated to creating a capital market for Bitcoins' or Gavin's 'bitcoin investment service', which is doing just fine, thanks for asking.
Somewhat counterintuitively, First Global Credit’s CEO Gavin Smith says nothing could be further from the truth. Gavinn's sober, objective assessment has nothing whatsoever to do with 'First Global Credit [being] dedicated to creating a capital market for Bitcoins' or Gavin's 'bitcoin investment service', which is doing just fine, thanks for asking.
SEC Nabs Another Crypto Pyramid Scheme
*nothing but shame, poverty, broken dreams, crying children (whose future you've gambled away), jeering neighbors, and friends who don't even pretend to feel bad for you anymore, and just laugh and laugh and laugh, that is... Sound familiar?
A California company promoting an 'alternative' digital currency ... has had its assets seized by the US government amid allegations of fraud.
"We allege that the defendants' false claims of riches that investors would realize ... never materialized. In reality, as alleged in the complaint, the defendants were operating a fraudulent pyramid scheme that left many investors with nothing.*"
"We allege that the defendants' false claims of riches that investors would realize ... never materialized. In reality, as alleged in the complaint, the defendants were operating a fraudulent pyramid scheme that left many investors with nothing.*"
*nothing but shame, poverty, broken dreams, crying children (whose future you've gambled away), jeering neighbors, and friends who don't even pretend to feel bad for you anymore, and just laugh and laugh and laugh, that is... Sound familiar?
From our sister thread:
ATM Industry Association, typically reserved and understated, responds:
Who Cares? There Are 3 Million Real ATMs Worldwide!
*which is probably more transactions than the whole bitcoin, with its 2.7 sustained TPS, can even handle ever, I wouldn't know tho. --ed.
Virtual ATM LLC has launched the first Bitcoin ATM at the Spice on Wilson restaurant (3033 Wilson Blvd.) in Arlington.
News URL : https://www.arlnow.com/2015/10/01/send-money-securely-using-arlingtons-first-bitcoin-atm/
How can legacy finance even compete, with a brand-spanking-new 'bitcoin ATM [just installed] at the Spice on Wilson restaurant (3033 Wilson Blvd.) in Arlington.'?!News URL : https://www.arlnow.com/2015/10/01/send-money-securely-using-arlingtons-first-bitcoin-atm/
ATM Industry Association, typically reserved and understated, responds:
Who Cares? There Are 3 Million Real ATMs Worldwide!
The ATM Industry Association predicted there would be 3 million [real] ATMs across the globe by 2015 and the total number of withdrawals of [real, the sort that grownups use] cash from ATMs globally would rise to above 8.6 billion per year!*
ATMIA drew upon these statistics to strengthen a call on governments around the world to maintain their commitment to cash.
“It is not just the longevity and continuing popularity of cash which underlie its critical role in society and the economy. It is its nature as a public source of money,” the association wrote in a position paper. “Cash is produced and governed by central banks accountable both to the government’s fiscal policies and systems and to the electorate.”
ATMIA drew upon these statistics to strengthen a call on governments around the world to maintain their commitment to cash.
“It is not just the longevity and continuing popularity of cash which underlie its critical role in society and the economy. It is its nature as a public source of money,” the association wrote in a position paper. “Cash is produced and governed by central banks accountable both to the government’s fiscal policies and systems and to the electorate.”
*which is probably more transactions than the whole bitcoin, with its 2.7 sustained TPS, can even handle ever, I wouldn't know tho. --ed.
Dont get me wrong, i dont mind a brear thread but it needs to be made by a normal guy...
You mean like the bullish threads are made by normal guys?
I don't care about if this thread is made by NLC or not. I don't even care about the content and read it only superficially. Bullish news, bearish news...it's all about fanboys or haters (sometimes entertainers) with a value and an impact on the price near zero.
No, seriously, this thread has at least some value as parody to the bullish news thread. A good laugh is valuable!
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