The Everything Bearish Thread - page 5.

ahpku

sr. member

Activity: 294

Merit: 250

Yo Dawg, We Heard You Like Ponzi?
MMM Global Republic of Bitcoin added a Ponzi to your Ponzi. So's you can Ponzi while you Ponzi, apperently.

Quote from: https://letstalkbitcoin.com/blog/post/mmm-global-republic-of-bitcoin-cryptos-next-scandal

'Those who follow Ponzi schemes will immediately recognize the name MMM. In the 1990s, Russian fraudster Sergey Mavrodi ran one of Russia’s largest Ponzai schemes with the same name. Savvy marketing and promises of 1000%+ returns suckered tens of thousands of people into investing their savings in Mavrodi’s scheme. By 1994, when MMM’s offices were closed due to tax evasion, Mavrodi owed his investors beween 100 billion and 3 trillion rubles (between tens of millions and billions of dollars). Mavrodi spent a few years in jail, but by 2011, he was responsible for at least two other pyramid schemes.

Now Mavrodi is back in business, bigger and badder than ever. This time he is using Bitcoin.'

ahpku

sr. member

Activity: 294

Merit: 250

Yes, We Have No Bananas!
From our No News Is Good News department:
In yet another probing piece of investigative reportage pilfered from Bitcoinist.net, Bitcoin fandom publication Inside Bitcoin informs us that Ugandan Government Allegedly Uses FinFisher Spyware. Imagine?(!)
If -- even after Googling up that Uganda is an impoverished landlocked African country where 37.8 percent of the population live on less than $1.25 a day -- the relevance of Ugandan FinFisher use to Bitcoin continues to elude you, fear not: there's none.

Quote from: http://insidebitcoins.com/news/ugandan-government-allegedly-uses-finfisher-spyware/35355

'By the look of things, FinFisher does not seem to be designed to spy on people using Bitcoin in Uganda. With the country under tight governmental control, it wouldn’t seem unlikely that spyware could be used to monitor Bitcoin transactions within the country as well.'

RKing

newbie

Activity: 56

Merit: 0

Quote from: Dilla on October 16, 2015, 01:16:12 PM

Quote from: Ninjahitoko on October 16, 2015, 12:31:40 PM

Bitcoin is honestly starting to piss me off now Angry

Why?

He did not buy when the price was low. He regrets now. He wants the price to go lower so that he can buy some.

ahpku

sr. member

Activity: 294

Merit: 250

@ssmc2; Omikifuse: Unlike most threads in this section, this one contains no financial advice. If you enjoy invesdting in bitcoin & are above the age of consent, you go right ahead, I don't judge.

Omikifuse

legendary

Activity: 1834

Merit: 1009

Quote from: Dilla on October 16, 2015, 01:16:12 PM

Quote from: Ninjahitoko on October 16, 2015, 12:31:40 PM

Bitcoin is honestly starting to piss me off now Angry

Why?

Probably the trolls promised him sub 200 coins soon, but prices are increasing every day and he feels like he is losing money and is too scared to buy

ssmc2

legendary

Activity: 2002

Merit: 1040

Quote from: Dilla on October 16, 2015, 01:16:12 PM

Quote from: Ninjahitoko on October 16, 2015, 12:31:40 PM

Bitcoin is honestly starting to piss me off now Angry

Why?

He bought high and sold low.

Dilla

hero member

Activity: 588

Merit: 500

Quote from: Ninjahitoko on October 16, 2015, 12:31:40 PM

Bitcoin is honestly starting to piss me off now Angry

Why?

Ninjahitoko

full member

Activity: 186

Merit: 100

Bitcoin is honestly starting to piss me off now Angry

Chef Ramsay

legendary

Activity: 1568

Merit: 1001

Well, you finally have an ongoing thread that you can call your own. You've gone from creep status to burnout of the year, well done!

ahpku

sr. member

Activity: 294

Merit: 250

Banks <3 Blockchain; Kick Bitcoin To The Curb
As brokenhearted Bitcoiners desperately try to attract Big Money & Government Regulators, no one's buying.

Quote from: http://www.pymnts.com/news/2015/the-shaky-state-of-bitcoin-amid-a-blockchain-boom/

'Banks are embracing the blockchain while bitcoin is slumping. A lot. Of course, we already knew these facts, but what the State of Bitcoin report shows is just how much the support for bitcoin is dwindling.
(We’re surprised it’s taken this long, to be frank.)
So perhaps, for now, it’s best to call things what they are: Call bitcoin, bitcoin, and blockchain, blockchain.'

@Chef: <3

Enjorlas

hero member

Activity: 788

Merit: 1000

Keep on truckin' ahpku. Don't let the tards get to you.

ahpku

sr. member

Activity: 294

Merit: 250

Bitcoin Node Numbers Fall After Spam Transaction 'Attack'

Quote from: http://www.coindesk.com/bitcoin-node-numbers-fall-after-spam-transaction-attack/

"The number of reachable nodes has declined further following an "attack" that overloaded the bitcoin network.
Last week, an ~~unknown actor~~ [Alister Maclin --ed.] sent a deluge of spam that left bitcoin's nodes – the clients that store and relay transactions – with upwards of 88,000, or 1GB worth, waiting in their collective memory pool. ... the total number of reachable nodes – 5,030 – remains 16% lower than before the 'attack'."

Antifragile!

ahpku

sr. member

Activity: 294

Merit: 250

From our bullish sister thread, where the news just keeps getting better:

Quote from: http://bitcoinist.net/bitmin-quarter-through-crowdfund-campaign-new-cloud-mining-company/

BITMIN Quarter of Way through Crowdfund Campaign, New Cloud Mining Company!
BITMIN is a company that offers investors a platform with a lower entry barrier to mining, which is becoming more important due to the fact that the competition in Bitcoin mining has increased, and will continue to do so. The idea was conceived by Sathes Kumar, a person that wanted to give people a real chance at earning profit from Bitcoin mining after seeing the extremely high costs of competitive Bitcoin mining.
BITMIN is... allowing investors to buy “shares” from their IndieGoGo Campaign page for $5, which is equivalent to 18 GH/s of SHA256 mining.

Sweet! Another cloud mining company, and already a quarter of the way through its Crowdfund Campaign!
Just how much has this particular titan of cloudmining industry manage to raise?
Well...

Not bad, Sathes Kumar, not bad!
*Math tip for our esteemed colleagues @bitcoinist.net: 20 is 1/2, not 1/4 of 40.

ahpku

sr. member

Activity: 294

Merit: 250

Quote from: RKing on October 16, 2015, 02:40:08 AM

Quote from: ahpku on October 15, 2015, 12:24:27 PM

^^Please take your embarrassing self back to your self-moderated sandbox of shame.
Don't understand why you haven't been banned yet (but thanks for the cleanup, mods).

Does Bitcoin Have an Energy Problem?
Asks energy blogger Joe Carter, going on to conclude that hell yeah, it sure does! Sad

Quote from: ahpku on October 09, 2015, 02:28:42 PM

Bitcoin Strikes Back
From the dusty "How is this still news?" files:
Bitcoin, backed by shamelessly wasted energy, helps fight creeping environmentalism.

Quote from: http://www.abc.net.au/news/2015-10-06/quiggin-bitcoins-are-a-waste-of-energy/6827940

"Vast amounts of electricity go into feeding the Bitcoin delusion. Fortunately, it's unlikely that the digital currency will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system," writes John Quiggin, going on to explain that "The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency."

Fist bump? Fist bump!

How much CO2 do all the banks produce? Hundreds of times over!!!

Possibly.
Caveat: Banks facilitate world's commerce and are used by roughly 7 Billion people,* bitcoin enthusiasts among them.** That's a lot of people, financial visionary and disruptive technologist RKing, a whole bunch of transacting!
To put things in perspective, Bitcoin Wiki tells us that VISA alone handles "on average around 2,000 transactions per second (tps)," with max. capacity of 56,000tps.

Bitcoin? Well, currently under 2tps, i.e. to match Bitcoin, VISA would have to consume not just 'Hundreds of times over!!!' but 'Thousands of times over!!!,!!!'
And VISA is but a single payment processor Sad

*This number includes the ~2 billion 'unbanked,' who still rely on money.
**See here how the so-called 'bitcoin businesses' cry like little girls when real banks don't want to play with them.

Hyena

legendary

Activity: 2114

Merit: 1015

In the meanwhile BTC reached 260$. Bitcoin doesn't care about bearish news.

RKing

newbie

Activity: 56

Merit: 0

Quote from: ahpku on October 15, 2015, 12:24:27 PM

^^Please take your embarrassing self back to your self-moderated sandbox of shame.
Don't understand why you haven't been banned yet (but thanks for the cleanup, mods).

Does Bitcoin Have an Energy Problem?
Asks energy blogger Joe Carter, going on to conclude that hell yeah, it sure does! Sad

Quote from: ahpku on October 09, 2015, 02:28:42 PM

Bitcoin Strikes Back
From the dusty "How is this still news?" files:
Bitcoin, backed by shamelessly wasted energy, helps fight creeping environmentalism.

Quote from: http://www.abc.net.au/news/2015-10-06/quiggin-bitcoins-are-a-waste-of-energy/6827940

"Vast amounts of electricity go into feeding the Bitcoin delusion. Fortunately, it's unlikely that the digital currency will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system," writes John Quiggin, going on to explain that "The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency."

Fist bump? Fist bump!

How much CO2 do all the banks produce? Hundreds of times over!!!

toinew

member

Activity: 61

Merit: 10

Bitcoin Node Numbers Fall After Spam Transaction 'Attack'

"The number of reachable nodes has declined further following an "attack" that overloaded the bitcoin network.

Last week, an unknown actor sent a deluge of spam that left bitcoin's nodes – the clients that store and relay transactions – with upwards of 88,000, or 1GB worth, waiting in their collective memory pool.
[...]

By Thursday, node numbers on tracking service Bitnodes had dropped 10%."

source: coindesk

Darkbot

newbie

Activity: 59

Merit: 0

Quote from: Hyena on October 13, 2015, 06:21:48 PM

Quote from: Dilla on October 13, 2015, 06:13:21 PM

I like how the Bull thread has legitimate articles daily of bull news, and this is just a bunch of ignorance and failed attempts to bash Bitcoin.

This thread is fabricated to its roots. OP even uses different font sizes to compensate the lack in other aspects.

This thread shoud be deleted ASAP!

ahpku

sr. member

Activity: 294

Merit: 250

^^Please take your embarrassing self back to your self-moderated sandbox of shame.
Don't understand why you haven't been banned yet (but thanks for the cleanup, mods).

Does Bitcoin Have an Energy Problem?
Asks energy blogger Joe Carter, going on to conclude that hell yeah, it sure does! Sad

Quote from: ahpku on October 09, 2015, 02:28:42 PM

Bitcoin Strikes Back
From the dusty "How is this still news?" files:
Bitcoin, backed by shamelessly wasted energy, helps fight creeping environmentalism.

Quote from: http://www.abc.net.au/news/2015-10-06/quiggin-bitcoins-are-a-waste-of-energy/6827940

"Vast amounts of electricity go into feeding the Bitcoin delusion. Fortunately, it's unlikely that the digital currency will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system," writes John Quiggin, going on to explain that "The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency."

Fist bump? Fist bump!

Fakhoury

legendary

Activity: 1386

Merit: 1027

Permabull Bitcoin Investor

People : Don't take this thread as a serious thread, this is a FUD distributed by someone called Lamb (NCL), on the other hand, seek a real and informative threads which really shows the true face of bitcoin. PLEASE don't be fooled, those people and most the repliers here are people who are with an agenda or some losers who envy others like Holders.

Thank you.

Topic: The Everything Bearish Thread - page 5. (Read 19530 times)