The best cure would be bitcoin becoming officially no-longer controversial. That may take a while.
Expensive registration to this forum would probably get rid of the incessant FUD masters, but it would also encourage a form of more subtle trolling. The current breed are mostly going for the instantaneous maximum effect technique, sometimes too blatantly (and too relentlessly, though some people do take the bait). But it's not unknown to cultivate a trolling style where everyone believes the poster is sincere and trustworthy, but still manages to steer people into a certain train of thought. This is more expensive though, as it needs a majority of posting dedicated to giving the appearance of being genuine, otherwise the trust capital wouldn't exist such that they can lead people astray more subtly.
Not trying to be totally pessimistic, a better class of troll that isn't so shouty would still be less tiring, and also more interesting to watch at work. I never use the ignore feature, it's always interesting to see what these professional sociopaths come up with next.
Your post reminds me of the good ol' days with posters like "s" and "unk". |
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I am not saying I agree with the US regulations with respect to Iran and I think your characterization of the events is broadly correct.
However HSBC affliates deceptively and knowingly "stripped out" references to Iran on transactions which went through its US affiliate HBUS; HSBC and HBUS management knew about this. This was to conceal information from US authorities otherwise these transactions would have been blocked by the Office of Foreign Assets Control filter. As you say, these transactions did typically relate to instances where both the sender and recipient were outside of the US and therefore not necessarily bound by the sanctions. HSBC should therefore have not processed these transactions through the US affiliate which is regulated by the US Treasury (and the Federal Reserve during some of the period in question) and subject to US law and OFAC filters. HBUS management were therefore in breach of US law and could have been prosecuted. In 2001 HBUS’s head of compliance warned that these transactions could have “involved wilful disregard or evasion” but the HSBC group chairman intervened to continue the information stripping.
I admit the situation was not perfect, but HSBC still deliberately stripped information out of transactions to be deceptive to authorities, although I understand the argument that this may be morally or even legally justified.
Would you mind dumbing dumb your explanation? This is very interesting but I don't understand completely. Dose banksters knew what dey was doin'! |
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Well... that boring stretch didn't last very long... did it?
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While reading one of those news articles about Charlie Shrem, a Bitcoin video at the end of the article piqued my interest. I clicked on it and had to wait till the 32 second commercial was over. Of course, that commercial was in place due to my Googling history, of which I have set to allow via Chrome. The commercial was for CME Group, an outfit that I wasn't familiar with prior: https://www.youtube.com/watch?v=-yDgOa7mLZwDuring the commercial while watching golf balls being hit about with probably CME's logo on it, I envisioned golf balls with simply a Bitcoin logo on them, whereupon they're rolled harmless by hand in some public settings, recording people's reactions when they pick them up. Well, take a look at that commercial I linked above, watching the entire 32 seconds, whereupon you, too, will be as amazed as I when I reached the end with what I envisioned still on mind and saw a notable Bitcoiner smiling back at me as he picked up that last golf ball. <assuming you watched> Were you amazed? ~TMI BTCITW Ha! Nice one. |
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Did you read the complaint? They didn't need the block chain, nor did they use it. They used an undercover agent to discover the bank accounts involved and with that information obtained a search warrant for email communications. The rest, as they say, is history.
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This is going to ruin Bitcoin's good name!
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marijuana-infused brownies. Wow. That sounds dangerous. What kind of lab does one need to infuse brownies with marijuana? |
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Yeah the same thing happed after SR got busted so I guess we're up to da moon, right?
It looks like people aren't ready to make a major move in either direction. I'm sure the TA gurus know where we are headed though! |
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Let me ask you something, why the hell is bitcoin tanking after such an announcement if we have this entire economy behind it?
"Tanking" I don't think that word means what you think it means. "GOLD SLAMMED AS IT MOVES $5" well 10% in a few minutes is pretty serious, even for us. I can look back less than a month and see bigger moves for no apparent reason. This thing isn't going to be stable for decades. |
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Indeed everyone who isn´t super bullish is a traitor an infidel , every word he says is FUD and of course he can be insulted every time he says something not overall positive about Bitcoin.
Actually bad news are good news and will bring Bitcoin even higher, so in fact there are no bad news there are only good news and all bears are morons that need to be slapped.
There is a difference between legitimate productive discussion containing valid criticisms and trolls spreading manure, "TIME TO SELL GTFO BEFORE IT GOES TO 0!!" Boy, you are on a run today. Doing your usual damage control?  It's a thankless job, but someone has to do it.  |
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Indeed everyone who isn´t super bullish is a traitor an infidel , every word he says is FUD and of course he can be insulted every time he says something not overall positive about Bitcoin.
Actually bad news are good news and will bring Bitcoin even higher, so in fact there are no bad news there are only good news and all bears are morons that need to be slapped.
There is a difference between legitimate productive discussion containing valid criticisms and trolls spreading manure, "TIME TO SELL GTFO BEFORE IT GOES TO 0!!" |
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i guess this is just part of regulating bitcoin exchanges, which is a good thing for the established interests...
once all the laws are passed and exchanges are in full compliance that should be a big weight lifted the brokers/banks will make all the money.
FTFY! |
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Yeah, because holding Bitcoin has been a terrible way to "make money" the last three years. LOL.
I'm sure at some point things will change and one day people will pay you to take their bitcoins, but until then...
Riding the market is for bulltards. Beating the market by switching between hodling and shotrs is superior. I've been around here long enough to have a different opinion. The simple fact that the exchange you are using could disappear with your funds tomorrow (which has happened way too many times already) is enough of a reason to avoid day trading this market. Let's not forget the tax hassles involved with fiat gains (losses) and holding foreign accounts. Edit: Oh yeah, most speculators lose money. Almost forgot that one. |
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Although this news seems bearish at first glance, it's actually quite bullish for bitcoin. The FBI/DEA have drawn the line in the sand and are pursuing folks who are engaging or supporting the sale of illegal drugs using bitcoins. They look at bitcoin as a morally nuetral technology that can have many different purposes, just like the internet. They'll crack down on drug use and bitcoin will look even better once it is less associated with illegal activities.
After all, they've done such a good job at preventing drug purchases with fiat. |
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A Bitcoin forum filled with people exciting about Bitcoin.
You don't say?
Speculation forum should be filled with people who want to make money and not 95% bulltards who only hodl all the time. Yeah, because holding Bitcoin has been a terrible way to "make money" the last three years. LOL. I'm sure at some point things will change and one day people will pay you to take their bitcoins, but until then... |
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This forum is filled with bulltards. It's hard for them to face reality.
A Bitcoin forum filled with people exciting about Bitcoin. You don't say? |
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Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).
Good for them! The people get the government they deserve! It's not true. Russian government "warns the businesses that getting involved with virtual currencies may be in violation of certain AML laws or something". I've read the thread about it already. Often, I tend to comment in jest. |
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Russia wins the dubious distinction of the first country in the world to officially ban Bitcoin (unlike earlier Thailand myth).
Good for them! The people get the government they deserve! |
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