Mijin, a Permissioned Blockchain Platform, Plans to Reduce the Cost of the Banking System by up to 1,000% by the End of 2018
Topic: The Everything Bearish Thread - page 14. (Read 19530 times)
Blockchain: Magic That Works!
Well we knew right from the start that government and banks would crack down on bit coin to get rid of it once and for all. It seems it's happening rather fast now.
Price is also extremely bearish with a 4 week expectation of a whopping -40%.
Panic and fear is growing so fast. It makes me sad but these are the end times of an are maxing project that we all enjoyed for the past few years.
Price is also extremely bearish with a 4 week expectation of a whopping -40%.
Panic and fear is growing so fast. It makes me sad but these are the end times of an are maxing project that we all enjoyed for the past few years.
Another liars excuse: Jeff Garzik: "I don't speculate on the price. I don't calculate on the price. I just try to focus on the technology."
Pretty sure this one line can be applied to any aspect of life and used as great advice.
"I don't speculate on my wages. I don't calculate my wages. I just try to focus on doing the job."
This is wageslave logic at it's worst. If you're not calculating your wages, you're not checking to make sure your employer isn't ripping you off (spoiler: even when they're not ripping you off, they're still ripping you off, that's called profit margin).
Any self-respecting capitalist is always thinking about his/her cut and how to get a bigger slice of the pie. Top talent are often fighting tooth and nail for better salaries, there's a reason such negotiations are so often dramatic and ugly. Only those languishing at the bottom of the pyramid have the mentality of accepting whatever they can get.
https://www.reddit.com/r/Bitcoin/comments/3miw1l/jeff_garzik_i_dont_speculate_on_the_price_i_dont/
Pretty sure this one line can be applied to any aspect of life and used as great advice.
"I don't speculate on my wages. I don't calculate my wages. I just try to focus on doing the job."
This is wageslave logic at it's worst. If you're not calculating your wages, you're not checking to make sure your employer isn't ripping you off (spoiler: even when they're not ripping you off, they're still ripping you off, that's called profit margin).
Any self-respecting capitalist is always thinking about his/her cut and how to get a bigger slice of the pie. Top talent are often fighting tooth and nail for better salaries, there's a reason such negotiations are so often dramatic and ugly. Only those languishing at the bottom of the pyramid have the mentality of accepting whatever they can get.
https://www.reddit.com/r/Bitcoin/comments/3miw1l/jeff_garzik_i_dont_speculate_on_the_price_i_dont/
Bitcointalk-User after he learned the 21 Bitcoin RPi2 will never ROI.
Good thing he didn't pay with bit[Suspicious link removed]d for him, now he can go the bank and lie about the transaction to be refund.
Unfortunate for 21inc, they don't take bitcoin payment :
21 has not done a good job in showing a good example for this system. They allude to using it to sell digital works, like a screenplay or a business plan or rent time on a 3d printer. It's like a screwdriver manufacturer telling you can use it to build a bicycle or fix a sign at an ice cream store and make quite a bit of money.
I know it's too soon to pass judgement without having one in hand and experimenting with it. However, I think they need to have a good working example of the intended use case. They're kind of saying it's a miner that won't mine very well, but hey, you can use it for all sorts of "cool" things.
It reminds me a lot of those offers on cracker jack boxes for mail-away devices,etc, that for some reason, always came from Denver, Co(?)....
https://www.reddit.com/r/Bitcoin/comments/3mhgmj/bitcointalkuser_after_he_learned_the_21_bitcoin/
Good thing he didn't pay with bit[Suspicious link removed]d for him, now he can go the bank and lie about the transaction to be refund.
Unfortunate for 21inc, they don't take bitcoin payment :
21 has not done a good job in showing a good example for this system. They allude to using it to sell digital works, like a screenplay or a business plan or rent time on a 3d printer. It's like a screwdriver manufacturer telling you can use it to build a bicycle or fix a sign at an ice cream store and make quite a bit of money.
I know it's too soon to pass judgement without having one in hand and experimenting with it. However, I think they need to have a good working example of the intended use case. They're kind of saying it's a miner that won't mine very well, but hey, you can use it for all sorts of "cool" things.
It reminds me a lot of those offers on cracker jack boxes for mail-away devices,etc, that for some reason, always came from Denver, Co(?)....
https://www.reddit.com/r/Bitcoin/comments/3mhgmj/bitcointalkuser_after_he_learned_the_21_bitcoin/
very informative, i'm not kidding. please keep this thread up to date so new comers can see both sides of the situation 
+1
Keep it clean and quality. This is as important as all the bullish speculation.
Watching
No wonder that btc price keeps stagnating. If you've been on the forum awhile, you begin the think that btc is some kind of wonder investment which will certainly bring $$$$$$$$$$MILLIONS to you tomorrow. Nothing can be farther from the truth. I'm glad there are people who post gems like this to keep the noobs from investing their life's savings to buy into this non-sense. I hear someone sold his house for btc a few years ago, lost so much money and had to commit suicide.
Circle Granted BitLicense, Immediately Upgrades To USD
With Circle licensed to handle money, Bitcoin's relegated to back-end chores.
With Circle licensed to handle money, Bitcoin's relegated to back-end chores.
"You can enjoy the benefits of Bitcoin without ever holding or buying bitcoin yourself, and without being exposed to bitcoin price volatility."
very informative, i'm not kidding. please keep this thread up to date so new comers can see both sides of the situation
BitPay is blacklisting certain bitcoins & rejecting customers
Email from BitPay to merchant (paraphrased):
"Your customer's coins are coming directly or indirectly from dubious sources. Please discontinue serving this customer."
https://www.reddit.com/r/Bitcoin/comments/3mea6b/bitpay_is_blacklisting_certain_bitcoins_rejecting/
Email from BitPay to merchant (paraphrased):
"Your customer's coins are coming directly or indirectly from dubious sources. Please discontinue serving this customer."
https://www.reddit.com/r/Bitcoin/comments/3mea6b/bitpay_is_blacklisting_certain_bitcoins_rejecting/
BitPay's Timeline of Lel
December 2014
BitPay’s chief financial officer, Bryan Krohn, tricked into sending $1.8 million to a hacker.
December 2014, days later
BitPay files a claim for the losses with Massachusetts Bay Insurance Company
June 8, 2015
Lol no. Claim denied.
September 15, 2015
BitPay files suit against Massachusetts Bay Insurance Company, alleges breach of contract; seeks damages & court fees in addition to the initial $950,000 claim.
September 24, 2015
BitPay terminates its 'Free, Unlimited, Forever' plan.
September 25, 2015
BitPay lays off 'upwards of 20 full-time employees in an effort to "reduce costs" and "better align with the pace of growth" in the industry,' emails a few words of advice to the freshly-unemployed:
December 2014
BitPay’s chief financial officer, Bryan Krohn, tricked into sending $1.8 million to a hacker.
December 2014, days later
BitPay files a claim for the losses with Massachusetts Bay Insurance Company
June 8, 2015
Lol no. Claim denied.
September 15, 2015
BitPay files suit against Massachusetts Bay Insurance Company, alleges breach of contract; seeks damages & court fees in addition to the initial $950,000 claim.
September 24, 2015
BitPay terminates its 'Free, Unlimited, Forever' plan.
Quote
... we wanted to make you aware of the changes to our Free Plan.
On October 1st, all Free Plan accounts will be migrated to the Starter Plan, which offers free, instant conversion for 30 transactions per month. If you process more than 30 transactions, a 1% settlement fee will be applied to the additional transactions.
On October 1st, all Free Plan accounts will be migrated to the Starter Plan, which offers free, instant conversion for 30 transactions per month. If you process more than 30 transactions, a 1% settlement fee will be applied to the additional transactions.
September 25, 2015
BitPay lays off 'upwards of 20 full-time employees in an effort to "reduce costs" and "better align with the pace of growth" in the industry,' emails a few words of advice to the freshly-unemployed:
Quote
"I urge everyone to be professional and considerate and not allow the emotion of the day to get the better of you. It saddens me to have to deliver this news as it has been an honor to get to know each and every one of you and my privilege to work with you. And I know [executive chairman] Tony [Gallippi] feels the same way."
Bitcoin's Best-Funded Startup Unveils $399.99 Raspberry Pi; Laughter Ensues
Vitalik Buterin, inventor of the blockchain-based decentralized application platform Ethereum, opines:
Quote
"So you're paying $399 upfront and getting $0.105 per day or $38.3 per year, and this is before taking into account network difficulty increases, the upcoming block halving (yay, your profit goes down to $0.03 per day!) and, of course, the near-100% likelihood that you won’t be able to keep that device on absolutely all of the time. I seriously hope they have multiple mining chips inside of their device and forgot to mention it; otherwise you can outcompete this offering pretty easily by just preloading a raspberry pi with $200 of your favourite cryptotokens."
Australia to Bitcoin Business: Enough! Now GTFO!
"To the best of our knowledge all, or nearly all digital currency business have received letters from their bank, or in many cases banks, advising of the closure of their accounts. This includes at least 17, with 13 of these closed permanently."- Ronald Tucker, chairman at the Australian Digital Currency & Commerce Association (ADCCA)
Any one with brain can see the end of bitcoin ponzi incoming after seeing the failure of Coinbase, OTC Penny stock, ETN, Gemini, ETF etc.. 
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).
Jump to: