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Title: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: tokeweed on March 17, 2015, 05:37:58 AM LOOOOOL. Someone email this guy and tell him how stupid he is.
Quote by TOM PULLAR-STRECKER https://mobile.twitter.com/pullarstrecker The world's most popular virtual currency, Bitcoins, has suffered a blow with an organisation set up to promote the currency among non-profits suffering financial difficulties. But one non-profit, Kiwi cyber safety organisation Netsafe, is not shedding any tears. Bloomberg reported the World Bitcoin Association had filed for bankruptcy protection in New York. The organisation was founded in Zurich in June with the goal of uniting non-profit Bitcoin organisations around the world and increasing the adoption of Bitcoins and other "crypto currencies". The value of a Bitcoin peaked at more than US$1200 (NZ$1623) late in 2013 but the virtual currency has now fallen to less than US$400. Last year, the currency gained notoriety as the favoured currency for internet criminals who install "ransomware" to scramble files on people's computers and then demand payment to unlock them. Martin Cocker, chief executive of cyber-safety organisation Netsafe, said that was because Bitcoin transactions were hard to trace. Cocker said he personally would not be sad to see the demise of the virtual currency. "Netsafe sees a lot of complaints here about Bitcoins being used as a payment mechanism for scams and I think whilst there are benefits in terms of innovation in the financial community, something which is as untraceable and uncontrolled as Bitcoins is not necessary the ideal solution. "It is something we have only seen associated with negative activities. That's the nature of Netsafe's work, but that is what we have seen," he said. http://www.stuff.co.nz/business/67427877/virtual-currency-in-reallife-strife-as-bitcoin-suffers-bankruptcy-blow Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: zetaray on March 17, 2015, 06:25:11 AM Who is this World Bitcoin Association? They filed for bankruptcy means nothing. Bitcoin is not only associated with illegal activities. Are Overstock, Microsoft and Dell engaging in illegal trades? Netsafe should file for bankruptcy, its chief executive knows nothing about bitcoin and pretends he does.
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: NUFCrichard on March 17, 2015, 08:04:20 AM Quote Cocker said he personally would not be sad to see the demise of the virtual currency. "Netsafe sees a lot of complaints here about Bitcoins being used as a payment mechanism for scams and I think whilst there are benefits in terms of innovation in the financial community, something which is as untraceable and uncontrolled as Bitcoins is not necessary the ideal solution. "It is something we have only seen associated with negative activities. That's the nature of Netsafe's work, but that is what we have seen," he said. Someone stole my bank card and used it to steal money from me, I personally wouldn't be sad to see the end of the global banking system because of this... Bitcoin is used by a lot of scammers, but it is essentially like internet cash and cash is used for a hell of a lot more bad stuff than bitcoins are. Still a shame though Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: galdur on March 17, 2015, 08:13:18 AM Never heard of this World Bitcoin Association before. Its going belly up will have zero effect on bitcoin I reckon.
Good luck, g Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: krigger on March 17, 2015, 09:17:32 AM As he said, he "saw" it that way.
Many people see bad things in inovations. Many people fear about new and unknown to their knowledge. Let them see by the time. Can't help it other way. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: pooya87 on March 17, 2015, 09:27:44 AM maybe i don't know somethings but isn't the World Bitcoin Association a not-profit organization which only accepts donations. i do not understand how it can go bankrupt!
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: asuryan180 on March 17, 2015, 10:23:34 AM "It is something we have only seen associated with negative activities. That's the nature of Netsafe's work, but that is what we have seen," he said.
Well yeh that is what i see a lot of as well but we see the same thing with the dollar may i add any other currency and to a much higher level of negativity this is a new currency and negatives with positives are bound. I have heard story's of hackers hacking police computers and locking important files until a demand in bitcoin is paid, ooops they actually have to pay it if they want their files unencrypted. The cocker we would not be sad to see the demise of your beloved fiat. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: ronald98 on March 17, 2015, 11:14:07 AM maybe i don't know somethings but isn't the World Bitcoin Association a not-profit organization which only accepts donations. i do not understand how it can go bankrupt! Neither do I but Bloomberg says the organization listed less than $300,000 in liabilities in a filing Monday in U.S. Bankruptcy Court. http://www.bloomberg.com/news/articles/2015-03-17/world-bitcoin-association-files-for-bankruptcy-in-new-york Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: duckydonald on March 17, 2015, 11:36:22 AM hmmm seems that they wanted to compete with the bitcoin foundation and listed them as the bitcoin association, maybe the gov made this so they can get it on the media?
Seems like they are really trying hard to hurt bitcoin Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Miracal on March 17, 2015, 12:55:21 PM It is really ironic! The organizations's goal is to unite all non-profit bitcoin organization and increase the adoption of crypto currencies! But it end up being against bitcoin! They are happy with the demise of the organization!
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Ron~Popeil on March 17, 2015, 01:00:14 PM Yeah clearly the game is up. :)
if you are going to do journalism take the time to research what you write instead of cherry picking one irrelevent event to call a "blow" to bitcoin. This is a perfect example of confirmation bias. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: ajareselde on March 17, 2015, 01:16:46 PM Never heard of Martin Cocker, World Bitcoin Association or netsafe, like most of others here, and its obvious why.
Its a trash article by a trash writer on a trash site that doesnt even know what they are talking about. Yes, they filed for bankruptcy, but they have no real associations to bitcoin network, and they sure dont mean anything to bitcoin comunity but did that stop author from saying that bitcoin suffered bankruptcy blow.. It would be nice if bitcoin association had enough legal representation to file lawsuits against article publishers like that for defamation Quote The law of defamation protects the individual when faced with the above scenario, simply protecting the individual’s reputation nothing more. If words can be construed to reduce the reputation of the individual in the minds of the general public then an action of defamation can be brought. cheers Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: pawel7777 on March 17, 2015, 01:45:37 PM maybe i don't know somethings but isn't the World Bitcoin Association a not-profit organization which only accepts donations. i do not understand how it can go bankrupt! It's the first time I ever heard about WBA and I've no idea about their structure and legal status. But every form of operations comes with some related costs. If the donations they've received were smaller than their costs (staff salaries, phone/electric bills, office rent etc) then they become insolvent and filed for bankruptcy. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Q7 on March 17, 2015, 01:51:59 PM If the so-called non-profit organization suffers bankruptcy then just let it be. I still don't understand after so many years, there are still a lot of people who don't understand what bitcoin is all about and what it aims to achieve. Bitcoin is not supposed to be controlled by anybody nor is it aligned to anybody and that's a fact.
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: keyscore44 on March 17, 2015, 02:07:28 PM We need to send an urgent message to the CEO of Bitcoin!!!1!
Shoddy article really, at least he didn't mention darknets, silkroad etc "Cocker said he personally would not be sad to see the demise of the virtual currency", I'd much prefer to see the demise of worthless pieces of paper (fiat). Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Snail2 on March 17, 2015, 02:22:47 PM Never heard of this World Bitcoin Association before. Its going belly up will have zero effect on bitcoin I reckon. Good luck, g That was my first question too :). WTF is World Bitcoin Association? Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: freedomno1 on March 17, 2015, 06:30:18 PM Never heard of this World Bitcoin Association before. Its going belly up will have zero effect on bitcoin I reckon. Good luck, g That was my first question too :). WTF is World Bitcoin Association? That is the number one reason the World Bitcoin Association went bankrupt No advertising lol Also if it was a non profit kind of expected to generate at 0. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: croato on March 17, 2015, 07:37:55 PM Worthless article written by wannabie writter about non profit organisation noone from whole Bitcoin community has ever hear about before. It is funny and sad in same time.
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: RodeoX on March 17, 2015, 07:43:19 PM Oh God NOOOOOO!!!! The World Bitcoin Association is in bankruptcy, what a blow!
Also WTF is the world bitcoin association? Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Snipe85 on March 17, 2015, 07:59:10 PM Oh God NOOOOOO!!!! The World Bitcoin Association is in bankruptcy, what a blow! Also WTF is the world bitcoin association? We are all asking the same thing. They named themselves to look professional and important and nobody cared. Suddenly this Tom Pullar-Strecker found some random info in google and thought it must be something big if the world bitcoin association is in trouble! Time to write an article, duh... Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: galbros on March 17, 2015, 08:20:12 PM Agree with most other posters, this is a total non-event. What a joke.
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Lauda on March 17, 2015, 08:25:07 PM Oh God NOOOOOO!!!! The World Bitcoin Association is in bankruptcy, what a blow! Looks like almost nobody heard of this nonsense. For all we know they could have been doing something illegal under the name, so advertising wasn't necessary. Also WTF is the world bitcoin association? That guy is dumb. If a single Bitcoin organization goes bankrupt, Bitcoin suffers? :D The media being useless as always. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Ron~Popeil on March 17, 2015, 08:37:12 PM If the so-called non-profit organization suffers bankruptcy then just let it be. I still don't understand after so many years, there are still a lot of people who don't understand what bitcoin is all about and what it aims to achieve. Bitcoin is not supposed to be controlled by anybody nor is it aligned to anybody and that's a fact. You have to wonder if it is willful ignorance or plain stupidity. Either way a "journalist" has a responsibility to research what they are writing about. Pathetic. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: keyscore44 on March 21, 2015, 01:11:09 PM If the so-called non-profit organization suffers bankruptcy then just let it be. I still don't understand after so many years, there are still a lot of people who don't understand what bitcoin is all about and what it aims to achieve. Bitcoin is not supposed to be controlled by anybody nor is it aligned to anybody and that's a fact. You have to wonder if it is willful ignorance or plain stupidity. Either way a "journalist" has a responsibility to research what they are writing about. Pathetic. I think there is an agenda of sorts with mainstream bitcoin articles, in this case though I'd put down to shoddy journalism. The dude clearly hasn't got a clue what he's on about as he's just rehashed a load of bitcoin soundbytes together. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Gleb Gamow on March 22, 2015, 03:34:08 AM Nailed it! https://bitcointalk.org/index.php?topic=998545.msg10846629#msg10846629
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: tokeweed on March 22, 2015, 07:26:31 AM Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Mellnik on March 22, 2015, 08:10:53 AM Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Hazir on March 22, 2015, 08:26:53 AM Face it guys. Press and media or modern journalism in general have little to do with truth, real information and objectivism. Majority of press releases
and 'facts' are just modified to the point of being completely different that source. We are fed with idiotic claims and baseless accusations everyday. Lately I see that "bitcoin is only tool for criminals and bandits" trend is alarmingly common in media everywhere. People need to learn to not trust anything they read anymore. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: Miracal on March 22, 2015, 08:39:42 AM Face it guys. Press and media or modern journalism in general have little to do with truth, real information and objectivism. Majority of press releases yes, they tend to exaggerate the fact and try to attract the audiences or readers!it is understandable they are driven by profits. But as a reader, we should identify the truth based on our rational judgement. and 'facts' are just modified to the point of being completely different that source. We are fed with idiotic claims and baseless accusations everyday. Lately I see that "bitcoin is only tool for criminals and bandits" trend is alarmingly common in media everywhere. People need to learn to not trust anything they read anymore. Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: tokeweed on March 22, 2015, 01:16:52 PM True, but what can we do... They have to sell.
Title: Re: Virtual currency in real-life strife as Bitcoin suffers bankruptcy blow Post by: tokeweed on March 22, 2015, 01:17:30 PM LOL |
