Bitcoin Forum

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Basically, this man to got paid by a credit card processor company (the biggest donation he's had) in order to trash Bitcoin because they know that if Bitcoin keeps gaining terrain it would displace their business. Of course and once again, nothing to do with them trying to protect idiots whom "will get burned by bitcoin".

https://finance.yahoo.com/news/bitcoin-crock-politician-received-biggest-180229189.html?guccounter=1

The men seated in such positions are the ones used by these giant corporations for their schemes. I wouldn't be surprised if a politician is used to throw rocks at bitcoin for literally no reason at all, just to make it look bad to the public and buy the idea that they are the good guys protecting people from the utter failure bitcoin is. This type of activities will continue as long as bitcoin delivers and proves that it's a worthy asset that people can use with little compromises. People will always be able to find what's best for their needs, so no matter how much mud-slinging these guys do, bitcoin will still thrive.

Good article--but you have to love the title of it, which definitely is on the side of crypto and calling his bullshit.  Sadly, this happens a LOT in politics.  You can see the NRA's influence as well as big pharma and big tobacco and tons of other lobbyists.  It's a bit surprising to me that payment processors could have that kind of power, but perhaps it shouldn't be. 

He probably got a visit from one of the lobbyists and got a totally one-sided story about how crypto is a mechanism by which terrorists and dark market operators transact.  Guaranteed. 

Figures this was a California politician.  It's the most liberal and ass-backward state in the country.

The irony is Allied paying Brad Sherman who said Bitcoin is used for illegal activities. While the company itself had a problem years ago for illegal activities, for money laundering. Oh yeah, Bitcoin is disruptive, people have double standards?

http://www.justice.gov/usao/nys/pressreleases/August10/Payment%20Processors%20Forfeiture%20Settlement%20PR.pdf
https://web.archive.org/web/20150423010101/http://www.highbeam.com/doc/1G1-237229715.html

And yet it continues being the biggest donator, this time because Bitcoin poses an obvious risk for these Allie Wallet scammers. It is insane how this is legal. I mean the guy is there live on TV talking on behalf of the US and the so called well being of the potential investors that would be interested in crypto and he is basically shilling a product being paid to do so, WHILE trashing a product that could be a very healthy competition against the product he is shilling. This is simply nuts, but then again, this is what politics are, just puppets for sale at the biggest bidder, using the excuse of the well being of the population in order to pump and dump stuff. Im sure there are some good politicians with good intentions out there, but unfortunately it seems the ones that end up at the highest positions somehow always end up bribed to pitch the obligatory corporate scam.

This particular attack will come and go like every other one and bitcoin is not going to be trash. We have had the issues of banning from one country to another and bitcoin is still remain with us.  I think no amount of attacks from governments agency or they paying masters will be able to trash bitcoin.

I think it's a common thing when an old paradigm is replaced by a new point of view and is sure to be reviled and even turned off by many but is now different when an information is accessible to everyone and certainly a new paradigm will be embraced, in various ways one way asking someone who is used as a tool for a giant company is definitely the goal is none other than to stop the rate of technological and economic development created by crypto, every company will surely do that is none other than to keep the power and programs that have been made, may be useful and successful for all of us

Yeah, I saw the page listing the funds received. Allied Wallet has been the highest donator. Unfortunately, propaganda is not punishable by law and today's society has been based on propaganda for decades. Politicians are no longer what they used to be, they are now the lobbys representatives

I hate people who are involved in this, they do not think if bitcoin has helped millions of families in the world. they should think about it and find another way.

Forget this old man. There is nothing he can do. His paymasters will only be left in disappointment because he won't be able to achieve anything. The forces behind Bitcoin are far greater than him.

Really you call this a "donation" what they doing is more like a bribe as Allied Wallet had gained some political interest and definitely it is some kind of favor given in return by Congressman Sherman. For starters their company is obviously affected by these cryptocurrencies and suddenly this Congressman is claiming that Bitcoin is a "crook" all of a sudden. To tell you honestly Rep. Brad Sherman does not look knowledgeable in the topic of cryptocurrency particularly with Bitcoin, as he repeatitively linking it to criminal activities which is the default impression of people who lack knowledge about Bitcoin.

Well this is no surprise, I am sure that there are a lot of hands controlling the ones who are in the seat of power, by shoving money into their faces (if their jobs were not paying enough) to do things and make and breaks regulations as they please and as thier serves their intressets, and for this reason I am not surprised that bitcoin still has not been accepted till this day even though everyone knows that it is a technology worth developing, and the biggest proof to this is regulations that came to stop its rise last year and led to it going down since

Amazing, another shit is dropping from the sky.  ;D
The politics always going to be there and no one can help it restrain from the decision that they make. Off course that is why it is called as politics. The giant companies like those will always throw some bag of green paper and these people will fall for it always. They just care about the current situation and what they getting from them. They will never think about the technology or stuff related to advances unless and until it becomes the emergency one.

What a waste of money, this sort of tectics are not going to and have not
troubled bitcoin, its bigger.

There was also a polish social media guru found out not so long ago
who was being paid to slam bitcoin. Its everywhere and still they cannot beat it.

https://www.cointelligence.com/content/poland-secretly-paid-youtubers-to-attack-at-cryptocurrencies/

It's bound to happen, don't expect the "middle men" - banks to go down without a fight

Hopefully these jokers won't be around too long so the new technology can break through and change the world.  People will do anything to protect their business interests.

Even if Rep. Sherman has previously been against Bitcoin there is no doubt that the donations have some kind of influence with his continued hate against Bitcoin. The Allied Wallet is like giving a treat to Sherman for doing a good job or some sort to continue his efforts against Bitcoin. Luckily this is only one representative and I hope that it stops there because if more will go to the same road their justice system might take another look on what is happening to their legislative department.

It reminds me of that case that I read about couple weeks back. In short, he Polish government paid youtubers to create an anti-crypto campaign in the media. It was a decent sum, more than 25k USD.
This is just another case of of companies having politicians in their pockets. It's good that corruption got exposed once again, but bad that he's not going to have to pay for this in any way. A politician that is lobbying for a business should be stripped of rank, covered in tar and feathers and kicked out of congress.

well, politicians will continue to be politicians because, in the first place, it is lies that send them to the positions that they are holding now so they will continue to live such lies and influences from people within and outside. These people have secrets and promises to keep and to follow the wishes of some people they get financial support from.

I wasn't afraid about this man, it's obvious that he's doing it for an agenda.
If he's real and against bitcoin why he's been silent during all of the time? and now that bitcoin starts to bull he's getting attention?
LOL that troll face tho.

In developed countries such as the United States, all decisions of the government have a great impact on the economy of the country and the world so the decisions are carefully considered. The use of Bitcoin will be a two-blade knife if the way to use its advantages is excellent, but the opposite will greatly affect the economy of the country.

Big people will do everything to destroy all the threats into their businesses, no matter what the status of your country. I believe they are being paid to talk shit about cryptocurrency, well even they done it they will not succeed because a lot of bigger countries already make this thing legal.

It's okay. It's something we know happens for decades and even Bitcoin won't be able to avoid being subject to all of this, especially so with how it directly combats the extortionate fee structure of banks and CC processors. This once again shows that we are working towards something that is meant to provide the world with more economical freedom, but it's not appreciated by those running the financial world. The more these things happen the more people are tempted to go against these tyrants, and thus to use either Bitcoin or other crypto currencies. It's people's nature to do that what others don't want them to do. ;)

This is the reason why people in the community is not getting rich, there are corrupted government officials who are hindrance for peoples growth just like this.

This man is quite old so it is difficult for him to study and master any new technologies so he has not figured out possibilities and benefits of the crypto technologies what has caused his negative opinion about the crypto industry

Yes, but if you continue to complain about corruption but don't do anything to change your situation, nothing will ever change. No one will help you to change, it's all up to yourself.

I don't even mind corruption anymore, because we can't do anything about it. I only care about how I can avoid being a victim here, and using Bitcoin is a great way to accomplish that. It's simple and extremely effective.

I feel sorry for the average joes because they don't see the threats we see, and for that reason think it's normal to see all this happen. It's partly ignorance and brainwashing, but we can and should help them get over it.

Everyone deserves freedom, not just the elite.

Or....Just to make Bitcoin's value drop so he and his patriot can jump in!No but seriously,I'm pretty sure he isn't the only one.A lot of high influece people are probably getting paid to do so,even news channels and media in general is probably all corrupted too.They know that Bitcoin price is mainly based on news and influencers speech and in my humble opinion this is the biggest Bitcoin's vulnerability.

It's termed as lobbying and it is common in developed countries.Big business people use it to have their influence over the government policies and make it favour to them.

It will always be a trend to such companies who will feels threatened by a new company or technology. It is already a marketing scheme and only people who does not believe or does not know such technologies or companies believe in them along with loyal supporters of the company that is doing the bad mouthing. We as the ones who are more knowledgeable should already know what to do and help educate other people who would believe in such claims.

The game is predictable, the tacit politics to adopt it and once the price gets better and waiting for them to try to impose its value, it is regrettable in such a case, on the other side of the various governments that prohibit Bitcoin but they themselves try to manipulate and try to take care of those idiots, it's a pity to just pay to drop the cryptocurrency, by spreading all ugliness like an idiot child.

It's exactly the same as war on drugs - big companies don't want to have competition with rising technologies and protducts, so they bribe politicians to outlaw their competitors. Then they also use the media to convince at least some part of the population that their competitors are evil that needs to be stopped, or the whole society will crumble. I think the reason why Bitcoin hasn't been banned already is because it was ignored for most of the time, those companies and banks that are now scared have thought that Bitcoin is just a fad, it can't possibly work, but now that they see it is working, they say it's used by criminals and terrorists.

It's not surprising to see a politician doing such thing because they are really not the one ruling the country but the people behind them who has deep pockets. Seeing how bitcoin is performing, they would continue to do such scheme because they are afraid that their business might be affected.

Thanks to that reddit user for exposing such scheme. This kind of scheme is not something new as we have seen some peoplpe who have use their position before to discredit bitcoin but then as crypto enthusiast we know better. They would just have to insist about the illegal activities so that people would be discourage to invest on it but sooner or later, people wouldn't mind it as they become more educated about the purpose of cryptocurrencies.

But really, we should expect that politicians are double-speaks who easily switch boats and to where is more favourable to them. Its an instinct to survival. In a sooner time, everyone will know where they rightly belong once the bitcoin ETF is done.

Its the US midterm elections coming on November 6 and its time for the politicians who are running to stage their own devices intended to attract some attention from the media and the voters. Does he really think cryptocurrencies should be banned? No, he doesnt care. But saying if will get him more votes then he will keep saying it lol.

Its sad to see such kinds of news, but that is politics, some party only think for their own advantage, bitcoin actually is a very useful currency in the future, a lot of proved has been showed that it help so many people from poverty and able to get better life, a lot of businesses also rising due to the bitcoin, if all politicians only think for themselves then the country will ruins

Well its normal already if politicians are planning to banned bitcoin/cryptocurrency because they are one or have connections to oligarchs that wants bitcoin/cryptocurrency out just for their own sake.Their business are affected because of bitcoin such as bank.They want to totally elliminate bitcoin because it will just ruined their businesses.

Good point. elections is nearly coming and more attentions can bring him more popularity, people like him might have basic ideas about crypto and he knows by fact that its really bringing a huge attentions all over the world, bringing down crypto can be a good advertisement gaining headlines attentions, and for sure competitors will ride with this news and big political back ups coming from banks and others financial business will bring him money.

That's a solid first step.

If people also stop feeding these assholes with exorbitant fees, they won't have much resources left to sponsor their toxic roadmap. It's your (ie, people's) money they use against you. In other words, they have no problems eliminating the one that feeds them. How can people tolerate that? I have never used a credit card and never will. I am not going to sponsor debt and extortion, neither should you guys.

It's mind boggling that some people here call it normal that this happens. It's not normal.

Exactly his words mean nothing its empty talk. everyone who needs to know about bitcoin will do their own studies and find out the truth.

Am pretty much sure there other companies affected by cryptocurrencies that are giving out handouts to him like Allied did and seeing this company does have a bad patch to its name the Congressman can return the donations received to save his ego and maybe save his political image, otherwise crypto is not stopping for anyone.

The man is paid and that reason is enough to leave him a scary lawsuit if one can emphasize the bribery that had happen. This allegation will not probably approved since it also rely on some way or another in crypto's actually this needs a vast amount of manpower to execute this properly.

Well, congressmen are actually in a seat of power. They have authority and influence so what they say and do actually affects a lot, especially the public. If he gives a public statement saying how bad bitcoin is then this could generate bad publicity esp for those who are gullible. Funny how congressmen are actually supposed to represent the people yet bozos like this choose to accept bribe money and be used as a puppet. Such a shame.

That's right! It's such a shame. Another negative issue for bitcoin , for the cryptocurrecy market. All we can do is keep believing in bitcoin and have faith. Just ignoring those negative issue's.

THIS GUY.
Just red about him, i was disgusted that this is going on. Just plain stupid statements about cryptos, i hope that this wont have an impact to people who matter when they will have to decide on crypto related proposals in government.
I made a immediate association with the ass-holes who are spreading the bull shit about climate change in similar fashion. Excuse my french.

That was a couple of months ago if im not mistaken. Several youtubers were paid in some sort of FUD campaign, pretty revealing of how governments are trying to shift the popular opinion to be anti crypto.

I believe in other countries there other similar campaigns using social media influencers to do the same thing. Youtube is definitely a big weapon these days, so are twitter and other big virtual megaphones, governments will not hesitate to pay them to spread their agenda.

Then again, this is not new and im not surprised. The private sector pays influencers to do this too, the government is no different, except it's being done with our tax money.

or may be he want to buy some at low price . I think that these political biased people should be ban from commenting on crypto

No matter how reputable a man is but when money is already involve then anyone can easily neglect his pride and would follow on what have been said.Its not really a surprising thing yet these kind of people do always exist as long theres a money involve and usually these corporations would always target out big personalities or people who do have high reputation for them to make some effect when they do negative things to bitcoin or crypto but still they are just wasting up their money because no matter how hard they would say trash to bitcoin it wont really affect at all.

He will not succeed. He will fail woefully in his quest to bring down Bitcoin. Does he thinks being a member of the US Congress gives him any form of special privilege? He cannot do anything to Bitcoin. He is nothing but a corrupt entity for accepting bribe. If he actually collected the bribe, then he is not worthy of being a member of the much respected US Congress.

Now many financial institutions are so afraid of the power of bitcoin so they are trying by fair and foul means to kick against this revolutionary technology. But we cannot do anything now but the results themselves will talk for the industry. Congressmen cannot stop cryptocurrency.

And I love the backlash that tweeters gave him. He can't just wake up one day to go and do that. He was definitely paid to do so. Well, they should note that no matter the naysays, our Bitcoins are still with us.

I don’t think that the increasing trade of bitcoin and its expansion all over the world could be threat to any of the existing business. Bitcoin is also a great opportunity for millions of people around and it is also giving jobs and employment to millions of people and even helped a lot in reducing the poverty and after the introduction of bitcoin, many jobs opportunities has been opened globally so I don’t think that the expansion of bitcoin could be threat of existing business.

The emergence of electronic money has affected many other businesses. Maybe people will no longer be interested in business, trade and instead enter the market more. This is what the business owners are afraid of when this event occurs. But I think only part of the community they want to participate in e-finance. But the business can not change because the demand for life is still ongoing.

People can be easily affected by rumors in the internet since most of people want to have them all will do this kind of tactics to say something bad to make Bitcoin rating low so they can have them... You must read also in between what is happening around...

That's termed as lobbying and it's common in US.Any company which wants to influence the government's policies to suit their interests would fund some assembly members to speak in their favour in the parliament.

Frankly speaking, I suppose that this congressman probably might be greased in order to say lie or to promote somebody's intentions. His speech might be as a clunk to heads of newbies because they usually trust the similar announcements but experienced investors should not be mislead by the similar news. I have not detected any sensible reasons to ban crypto coins and mining. I consider that journalists should keep in view this congressman to investigate his real intentions about crypto technologies.

bitcoin is known by many people in the world and now bitcoin is getting stronger, they will not be able to destroy bitcoin. or is it their strategy because they want to buy bitcoin at a low price?

the american power is basically based on oposing national socialism, if they would ban crypto they would effectivly become what they fought against during ww2

Dude, don't bother about these fuckers. The fact that they get paid for this sort of shit, which is saddening.

But remember that the US congressmen have admitted that they are afraid of bitcoin and they think it might take over bitcoin.  ::) They'll come around and get what they deserve.

Money laundering is a crime, and check the congressman's "donation" page: https://www.opensecrets.org/members-of-congress/summary?cid=N00006897

Extremely corrupt leaders and head of government business may fret because of the power of blockchain. bitcoin is here to stay and make all transactions as transparent as possible through the decentralization of the various nodes involved in bitcoins blockchain. There is no stopping bitcoin now.

Funny post. This doesn’t even make sense. How did you know that he was paid to trash Bitcoin? Who told you that and where did you read it from, and which company paid him to trash Bitcoin? Most of you all are fond of jumping into conclusions on whatever you see without making proper research or trying to understand what really happened. What if he just took it upon himself to kick against Bitcoin? So you now believe that whoever kicks against Bitcoin is getting paid.