Bitcoin Forum

Economy => Speculation => Topic started by: Wandererfromthenorth on October 10, 2014, 10:24:56 AM



Title: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Wandererfromthenorth on October 10, 2014, 10:24:56 AM
I have no idea if this is legit or not, few people are talking about it, what do you make of this?


http://www.reddit.com/r/BitcoinMarkets/comments/2iu5xc/caution_counterparty_team_warns_of_fincen/




Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Thomas-s on October 10, 2014, 10:26:44 AM
Doesn't look good.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Hunyadi on October 10, 2014, 10:28:41 AM
Guys! I think it is time to short!  ::)


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Wandererfromthenorth on October 10, 2014, 10:38:28 AM
Guys! I think it is time to short!  ::)
Stop thinking that everyone here is talking their book, just inspect the evidence and make an idea for yourself.
Be objective.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: cbeast on October 10, 2014, 10:42:50 AM
You're talking about the second largest economy, right? Their economy is falling faster than bitcoin anyway.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: btcney on October 10, 2014, 10:44:32 AM
RIP Counterparty.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: otto93 on October 10, 2014, 10:48:52 AM
It sounds like rumors at present. Nobody seems to know if it's FUD or truth yet.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: tabnloz on October 10, 2014, 11:03:33 AM
*tinfoil hat* Coincidentally just as overstock announces Counterparty integrating stock exchange replica...


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: N12 on October 10, 2014, 11:37:50 AM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Thomas-s on October 10, 2014, 12:22:38 PM
So maybe the 30k guy knew about this and sold?


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: vuduchyld on October 10, 2014, 12:30:38 PM
May or may not be truth, but clearly presented with FUDdish agenda on reddit


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: razorramon on October 10, 2014, 12:34:32 PM
what about the other companies?

if bad companies/scammers then bullish
if good companies then bearish


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Wandererfromthenorth on October 10, 2014, 12:51:33 PM
Btcdrak (developer of Viacoin working with Peter Todd) confirms having heard this few weeks ago.


https://twitter.com/btcdrak/status/520548000243126273


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: gog1 on October 10, 2014, 01:54:42 PM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: kodtycoon on October 10, 2014, 02:05:02 PM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: sgbett on October 10, 2014, 02:14:49 PM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  ;D


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: kodtycoon on October 10, 2014, 02:22:34 PM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  ;D
I agree a short position right now would be wise. But a substantial long position on nem(see signature) would be much more profitable even with the decline of bitcoin. Il quote this post again in exactly one month. ;) 2.0 coins ain't a scam and making that assumption is going to come back and bite pretty hard.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: maker88 on October 10, 2014, 05:28:30 PM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  ;D
I agree a short position right now would be wise. But a substantial long position on nem(see signature) would be much more profitable even with the decline of bitcoin. Il quote this post again in exactly one month. ;) 2.0 coins ain't a scam and making that assumption is going to come back and bite pretty hard.

Please please please do come back and quote this after whatever scam coin you're advertising dies in a few weeks. 2.0 coins are certainly a scam, they have no uses except buying bitcoins with them. You can't buy actual things with any of the altcoins. Until the day they do, no Altcoin will ever even attempt to approach bitcoin.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: gog1 on October 10, 2014, 06:06:17 PM
Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  ;D
I agree a short position right now would be wise. But a substantial long position on nem(see signature) would be much more profitable even with the decline of bitcoin. Il quote this post again in exactly one month. ;) 2.0 coins ain't a scam and making that assumption is going to come back and bite pretty hard.

While I don't believe BTC will be the be-all and end-all when it comes to cryptocurrency.  I don't see current stable of 2.0 coins being the ONE.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: podyx on October 10, 2014, 06:11:05 PM
http://static.hometheaterforum.com/imgrepo/c/cf/htf_imgcache_38390.jpeg

should I be worried?


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Melbustus on October 10, 2014, 06:20:43 PM
...
should I be worried?

If you own a lot of some 2.0 coin that's dependent on US businesses for asset/share issuance on that coin's platform, or if you work for or own one of these companies, then, yeah, maybe be a little worried.

If you're just holding bitcoin, then just watch as the benefits of actual decentralization and trustlessness become more apparent (over the longer-term) to the previously wide-eyed and naive "Bitcoin 2.0" crowd.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Raystonn on October 10, 2014, 06:39:02 PM
The patch was removed.
https://bugs.gentoo.org/show_bug.cgi?id=524512#c46


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: relm9 on October 10, 2014, 07:11:42 PM
the topic title is pure FUD or OP is severely mistaken. Counterparty devs never issued this warning, from the looks of things it was a random person that dropped into their IRC channel.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: juju on October 10, 2014, 07:28:05 PM
the topic title is pure FUD or OP is severely mistaken. Counterparty devs never issued this warning, from the looks of things it was a random person that dropped into their IRC channel.

More likely than not this is the case, however. It would be nice to see some concrete information one way or another.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: Wandererfromthenorth on October 10, 2014, 07:54:50 PM
the topic title is pure FUD or OP is severely mistaken. Counterparty devs never issued this warning, from the looks of things it was a random person that dropped into their IRC channel.
I just posted the thread title exactly as it was on reddit.
That's it.


Title: Re: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies
Post by: BitCoinNutJob on October 10, 2014, 11:45:13 PM

Looks like a FUD attempt by some clowns trying to move the market down.

Remember USA is not the world.