Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Coincomm on August 21, 2012, 11:39:30 PM



Title: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Coincomm on August 21, 2012, 11:39:30 PM
Pirate might be an agent for a larger organization with a goal to destabilize the Bitcoin community and give it a bad name.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: JupeB on August 21, 2012, 11:43:05 PM
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: cypherdoc on August 22, 2012, 01:05:22 AM
Pirate might be an agent for a larger organization with a goal to destabilize the Bitcoin community and give it a bad name.

actually you sound like that agent.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: hamdi on August 22, 2012, 01:08:46 AM
might be, but you see clear how the world wants BTC to be worth US$10


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: FlipPro on August 22, 2012, 02:16:29 AM
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: proudhon on August 22, 2012, 02:26:28 AM
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.

True.  But lots of people can stop using and those that aren't yet can be motivated to avoid it if it's continually associated with scams and is a pain in the ass to use.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: FlipPro on August 22, 2012, 02:29:06 AM
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.

True.  But lots of people can stop using and those that aren't yet can be motivated to avoid it if it's continually associated with scams and is a pain in the ass to use.
Ponzi schemes should not effect any true Bitcoin users. If you are in it for the Ponzis, and you loose out on a PONZI, then you have no valid argument. You got into these type of "investments" knowing the risks involved. If you are a true BTC holder the ponzis should not effect you.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Soros Shorts on August 22, 2012, 03:23:31 AM
Quote
Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.

That is not true. Please see the following link:

http://www.egoldclaimsprocess.com/FrequentlyAskedQuestions.aspx (http://www.egoldclaimsprocess.com/FrequentlyAskedQuestions.aspx)

It was primarily shutdown for suspected unlicensed transmission of money.

Quote
Why did the government get involved in E-Gold, Ltd. (E-Gold)?

Answer:

In the summer of 2008, E-Gold, Ltd. (E-Gold) pleaded guilty in United States v. E-Gold, Ltd. et al, Criminal Number 07-109, in the United States District Court in the District of Columbia. E-Gold was operating as an unlicensed money transmitter business in violation of federal criminal law. This plea led to the seizure of E-Gold accounts because the accounts were either involved in the unlicensed money transmitter business or particular account holders were alleged to have been involved in certain illegal activities.

If you have been following the case closely, you will know that the "certain illegal activities" referred to suspected money laundering and child porn. HYIP was rarely mentioned.

However, after seizing the accounts and examininng each one they even admitted that it turned out that most of the e-gold was legit.

Quote
How did the government recover money from E-Gold?

Answer:After E-Gold pleaded guilty in its criminal case, E-Gold contacted the United States Attorney’s Office in Baltimore, MD and offered to assist the government in recovering proceeds of criminal activity and in returning the value of certain accounts to qualified account holders.  E-Gold and the United States Attorney’s Office then agreed to work together to resolve these issues.  As a result, the United States Attorney’s Office applied for and obtained warrants from the court to seize funds from the sale of e-metal held in E-Gold accounts.  Some of the e-metal in E-Gold accounts appears to the Government to have been criminally derived.  However, the majority of the e-metal was owned by innocent account holders.

I have a large sum of legit funds tied up in this mess, and I am still waiting to be contacted about my claim. Never again.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: cypherdoc on August 22, 2012, 04:45:39 AM
yet another thread where the OP makes a FUD statement and then disappears unwilling to defend his position b/c he knows he can't.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: bitcoinBull on August 22, 2012, 05:00:11 AM
E-gold was more like Liberty Reserve. Liberty Reserve is now down for maintenance after reports from people getting locked out of their high-value accounts.

This will be an interesting few weeks. Here's what I hope to see:

LR will be gone.
Pirate will be gone.
Bitcoin will remain standing.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Elwar on August 22, 2012, 11:47:15 AM
Pirate might be an agent for a larger organization with a goal to destabilize the Bitcoin community and give it a bad name.

actually you sound like that agent.

Says the agent.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Gabi on August 22, 2012, 11:57:04 AM
Let's hope they don't shutdown bitcoin  :o :o :o


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: kwukduck on August 22, 2012, 12:51:14 PM
i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Endgame on August 22, 2012, 12:53:57 PM
Bitcoin is an impressive enough innovation that I do not think governments would try and shut it down unless it became a hotbed of criminal activity. Basically the legitimate uses need to always outweigh the illegitimate uses. I do not think bitcoin is in any danger of being 'shut down' at the moment, because the illegitimate uses are the exception rather than the rule.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: justusranvier on August 22, 2012, 01:53:32 PM
Bitcoin is an impressive enough innovation that I do not think governments would try and shut it down unless it became a hotbed of criminal activity.
Your understanding of the goals and motivations of the people which make up governments appears to be based on a fairy tale.

As soon as Bitcoin grows to the point at which it can support large scale money laundering it will be useful for moving kickbacks, bribes and misappropriated funds, at which point politicians and bureaucrats will enthuastically embrace it.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Piper67 on August 22, 2012, 02:08:30 PM
i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!

That's unnecessary, all they have to do is raid the Bitcoin offices and shut down their building. Bitcoin is history...  ;D


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: waspoza on August 22, 2012, 02:19:48 PM
Bitcoin is an impressive enough innovation that I do not think governments would try and shut it down unless it became a hotbed of criminal activity.
Your understanding of the goals and motivations of the people which make up governments appears to be based on a fairy tale.

As soon as Bitcoin grows to the point at which it can support large scale money laundering it will be useful for moving kickbacks, bribes and misappropriated funds, at which point politicians and bureaucrats will enthuastically embrace it.

+1


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: RaTTuS on August 22, 2012, 02:30:01 PM
i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!

That's unnecessary, all they have to do is raid the Bitcoin offices and shut down their building. Bitcoin is history...  ;D
don't be silly
all you have to do is advertise a 10% interest rate and get people to invest in it and then vanish
[this is after you have stolen as much as you can from your previous hedging fund and trading station]

the other way is to just switch the internet off and then it will stop.
dead easy


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Le Happy Merchant on August 22, 2012, 03:46:29 PM
Let's hope they don't shutdown bitcoin  :o :o :o

who is 'they' ?

if 'they' come for my coins I will be the 'they' that stops them.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: bbit on August 22, 2012, 03:52:34 PM
omg!  :o


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: RodeoX on August 22, 2012, 03:52:51 PM
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.
+1
That makes bitcoin nothing like eGold.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: interlagos on August 22, 2012, 03:53:29 PM
i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!

That's unnecessary, all they have to do is raid the Bitcoin offices and shut down their building. Bitcoin is history...  ;D

Yes, and arrest the Bitcoin CEO...


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: cypherdoc on August 22, 2012, 03:59:53 PM
Bitcoin is an impressive enough innovation that I do not think governments would try and shut it down unless it became a hotbed of criminal activity.
Your understanding of the goals and motivations of the people which make up governments appears to be based on a fairy tale.

As soon as Bitcoin grows to the point at which it can support large scale money laundering it will be useful for moving kickbacks, bribes and misappropriated funds, at which point politicians and bureaucrats will enthuastically embrace it.

nice.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: RodeoX on August 22, 2012, 04:08:29 PM
i herd rumors the govt is going to shut down and seize all bitcoin servers from the owners next month!
I also heard the pyramids were built by aliens. The world is full of B.S. You should ask the fool who told you that "what servers, there are no bitcoin servers?" And how are they going to get the bitcoins back when no one even knows who owns them? Are they coming to peoples houses to look for USB sticks? Also, will we be invading other countries to get them?
Sorry bro, but I gota roll my eyes at this one. ::)


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Boussac on August 22, 2012, 04:12:30 PM
yet another thread where the OP makes a FUD statement and then disappears unwilling to defend his position b/c he knows he can't.

+1
Lots of redundant FUD in trollish threads


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: justusranvier on August 22, 2012, 05:03:17 PM
Just think of the embarassment Bitcoin could have saved William J. Jefferson. Bitcoins are far easier to accept discretely than a freezer full of cash.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: benjamindees on August 22, 2012, 05:09:53 PM
LR will be gone.
Pirate will be gone.
Bitcoin will remain standing.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: GernMiester on August 23, 2012, 12:57:03 AM
Posted a while ago that BTC was like egold..  Everyone snickered.
 I sell coins almost as fast as I get them and have made real money. Sold at like 13 or something recently.  Thanks to the nitwits for buying my coins and losing at least 3 bucks on each one.. LOLOLOLOLOLOLOLOLOLOLOL.
Yeah sure, some cryptocurrency will replace fiat.. The average user cant even copy and paste among many other things but somehow they will use BTC.



Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: Le Happy Merchant on August 23, 2012, 03:48:16 AM
Posted a while ago that BTC was like egold..  Everyone snickered.
 I sell coins almost as fast as I get them and have made real money. Sold at like 13 or something recently.  Thanks to the nitwits for buying my coins and losing at least 3 bucks on each one.. LOLOLOLOLOLOLOLOLOLOLOL.
Yeah sure, some cryptocurrency will replace fiat.. The average user cant even copy and paste among many other things but somehow they will use BTC.

ur a faget


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: BrannigansLaw on August 23, 2012, 08:16:01 AM
Posted a while ago that BTC was like egold..  Everyone snickered.
 I sell coins almost as fast as I get them and have made real money. Sold at like 13 or something recently.  Thanks to the nitwits for buying my coins and losing at least 3 bucks on each one.. LOLOLOLOLOLOLOLOLOLOLOL.
Yeah sure, some cryptocurrency will replace fiat.. The average user cant even copy and paste among many other things but somehow they will use BTC.



Yeah but the average user can still use a card for payments. I only really only pay in cash if I'm looking to haggle (its appealing) or buy sweeties :D Who really uses cash nowadays? They only need to copy and paste for online payments.


Title: Re: Bitcoin is a lot like egold. Egold was shutdown after having many HYIPs/Ponzis.
Post by: rini17 on August 23, 2012, 08:33:59 AM
Yeah, except that Bitcoin cannot be shut down because it is decentralized - big difference from eGold.

True.  But lots of people can stop using and those that aren't yet can be motivated to avoid it if it's continually associated with scams and is a pain in the ass to use.
Ponzi schemes should not effect any true Bitcoin users. If you are in it for the Ponzis, and you loose out on a PONZI, then you have no valid argument. You got into these type of "investments" knowing the risks involved. If you are a true BTC holder the ponzis should not effect you.
I am inclined to disagree. I certainly affects the "true Bitcoin user" when:

* significant amount of bitcoins were stolen by hackers/scammers (my uneducated guess is that it's at least 10% of all coins at the moment) and can flood the market anytime they find suitable cash out method, causing market earthquakes/panics.

* I have to check every time my bitcoins aren't tainted before I deposit them to mtgox or similar place

I can manage around it because I follow the forums/irc every day. But for layperson any of this can be very nasty surprise. And all that assuming it's someone who knows how to securely use his/her wallet, don't let me even start about that!