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Topic: why not pump and dump those jerks? - page 4. (Read 7599 times)

member
Activity: 99
Merit: 10
October 16, 2012, 03:26:58 AM
#10
What you suggest is just as unethical to my mind as laundering money or peddling drugs and would make you no better than those you intended to harm.
hero member
Activity: 812
Merit: 1006
October 16, 2012, 03:16:25 AM
#9
So you are basically planning to do crowdsourced market manipulation? Not gonna work. You have funny branding though, as if "criminal scum" were the target. This would as well harm honest traders or legit btc investors/users. But it won't work so it doesn't matter.
member
Activity: 95
Merit: 10
October 16, 2012, 01:37:20 AM
#8
Som criminals probably can't read that doesn't mean they are stupid and don't employ technical people that know whats happening.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
October 16, 2012, 01:28:15 AM
#7
Oh, and in case it's not obvious.  This is a stupid idea because illegal trade will occur regardless of volatility.  Legitimate businesses need a stable currency before they will adopt it.  You are only defeating your own goal.

Yes, but legitimate businessmen can read so they'll be in on it  Roll Eyes
legendary
Activity: 1330
Merit: 1000
October 16, 2012, 01:16:28 AM
#6
Oh, and in case it's not obvious.  This is a stupid idea because illegal trade will occur regardless of volatility.  Legitimate businesses need a stable currency before they will adopt it.  You are only defeating your own goal.
legendary
Activity: 1264
Merit: 1008
October 16, 2012, 01:08:31 AM
#5
The title probably already gave it away but I think we're all thinking this.  You know how quite a large number of BTC transactions involve illegal stuff?  Don't you wish you could damage those guys' business or basically take their money? 


Let me try to follow the logic.  

Maybe you believe that anything illegal anywhere is therefore bad, because after all somebody said it was bad and you don't bother to think so you just believe.  Also you might believe that hurting others will make your own troubles go away, perhaps somebody did that to you and why not follow the example, saves thinking.  Am I close?    

    

legendary
Activity: 1330
Merit: 1000
October 16, 2012, 01:06:21 AM
#4
So, what do you buy regularly using Bitcoins?  What products do you sell for Bitcoins?  Why should anyone care what you think?  What percentage of your income goes towards Bitcoin trade?
hero member
Activity: 868
Merit: 1000
October 16, 2012, 12:48:02 AM
#3
The title probably already gave it away but I think we're all thinking this.  You know how quite a large number of BTC transactions involve illegal stuff?  Don't you wish you could damage those guys' business or basically take their money?  Well, most drug-buying, burnout, ass clowns aren't exactly way into following the BTC community.  Drug dealers probably can't read so well to begin with so needless to say, most aren't here following every little post Tongue

So, if someone were to say let's everyone refuse to sell any BTC on any exchange for 1 week starting on XXXX, the price would skyrocket and then everyone dump it after the 1 week and all the money that was collected illegally at the artificially inflated buying price would go straight into our pockets during a big sell off Cheesy

What do you think?  Could we get enough people to follow along while keeping enough people in the dark?  Or would early sellers, etc ruin it by not exactly following the policy?  Would we even have enough people?

What makes you think that they're using the exchanges to launder their funds?
legendary
Activity: 1498
Merit: 1000
October 16, 2012, 12:36:05 AM
#3
This clearly goes against bitcoin and bitcoin core values, because if you do that, then your no better than the banks that bitcoins was create to circumvent.
hero member
Activity: 826
Merit: 500
October 15, 2012, 11:45:41 PM
#2


you can't lock out anyone.

the first private non-tech-interested people who populated the internet were also perverts, drug addicts, criminals searching for contact with like-minded people.

we have to walk through this wild-west-times again in bitcoin. maybe we can use some of the experience from the late 90's.
sr. member
Activity: 392
Merit: 250
October 15, 2012, 11:22:54 PM
#1
The title probably already gave it away but I think we're all thinking this.  You know how quite a large number of BTC transactions involve illegal stuff?  Don't you wish you could damage those guys' business or basically take their money?  Well, most drug-buying, burnout, ass clowns aren't exactly way into following the BTC community.  Drug dealers probably can't read so well to begin with so needless to say, most aren't here following every little post Tongue

So, if someone were to say let's everyone refuse to sell any BTC on any exchange for 1 week starting on XXXX, the price would skyrocket and then everyone dump it after the 1 week and all the money that was collected illegally at the artificially inflated buying price would go straight into our pockets during a big sell off Cheesy

What do you think?  Could we get enough people to follow along while keeping enough people in the dark?  Or would early sellers, etc ruin it by not exactly following the policy?  Would we even have enough people?
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