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301  Bitcoin / Bitcoin Discussion / Re: Japan is officially a Bitcoin friendly country on: October 24, 2014, 11:40:13 AM
Irrelevant. Japs have been irrelevant for a long time.
That's a very irreverent remark.  Grin

Ain't you a cheeky fuck Cheesy
302  Bitcoin / Bitcoin Discussion / Re: Japan is officially a Bitcoin friendly country on: October 24, 2014, 11:04:43 AM
Irrelevant. Japs have been irrelevant for a long time.
303  Bitcoin / Bitcoin Discussion / Re: New York Looks to Slap Digital Currency With Death Sentence on: October 23, 2014, 01:18:34 PM
Hey Honeypot,

 Your a fucking troll and trouble maker, along with a huge narcissist. Gee, do you care for a full detail of
what you are? Have you not still noticed your merely yet another troll with the handle of a chump?

 Clowns like you Honeypot think you have it made, and can force everyone else to their beck and call,
and that nothing you do will ever blow-back onto you and yours. BUT NO MORE. NEVER AGAIN. Your going
down for the count. Same for all the other Failures just like yourself.

 Be sure and tell that to your banker master too, and tell him we said FUCK YOU ALL GOOD BYE FOREVER.
Or are you still searching for that next gig while you whore yourself as a troll-slut for free in these parts?
Seems you have a lot of time on your hands, lol, and haven't the foggiest clue of what living is all about.

 As I glace again at your arrival date here at bitcointalk.org it's obvious your still very much wet behind the
ears and thinking your all that. But it's also obvious Bitcoin ruffles your feathers a mighty bit. Get used to it.

 Honeypot your delusions of grandeur are about to bitch slap you down so hard you wont ever recover.

  You have added nothing to this cause, and are only here to cause as much havoc as possible. Yet instead
you are silly enough to choose the name Honeypot instead of Mr. Havoc, thus denoting your IQ level.

 Your nothing but the scum from a toilet Honeypot. And your constant trolling here is Persona non grata.
 
By all means do us all favor go crawl back under that rock you hide under, or fast figure out a way to make nice.

Name:    Honeypot
Posts:    1530
Activity:    336
Position:    Sr. Member
Date Registered:    December 03, 2013, 01:05:14 PM
Last Active:    Today at 03:19:03 AM



 Honeypot, What a wasteful, trolling clown. Now go make use of that large rich boy's trust fund and figure
out that life isn't trolling on the internet. And do yourself a huge favor, don't believe the nonsense your
so well programed and brainwashed into accepting as fact when it's nothing but pure fiction.

LOL

Watch that mouth fool, and know your place. 'wet behind the ears' sounds perfect for you considering you bitch at this level.

Pretty heated arguments here with no obvious benefit of winning it.

Guess someone has too much time on hand.

No doubt. I come back to check on any discussions on this topic and we got one delusional fool running his mouth where it doesn't belong Cheesy
304  Economy / Economics / Re: China will become Super Power ? on: October 23, 2014, 11:40:06 AM
Corrupt Chinese politicians are moving a lot of money from China to western countries.
It's not a good phenomenon for becoming Super Power.

Corruption is omnipresent.
You would be kidding yourself if you think corruption is restricted to the developing world.  Smiley

Corruption in developing worlds is nothing compare to corruption in 3rd world.

The reasons many 3rd world will remain banana republic even if western world fall back.

Although corruption does take many different forms, this is actually true.

There is a fundamental difference between places where corruption is an everyday fact vs. places where at the very least the norm of social interaction places corruption as an exception rather than a general rule.

It is a fact that too many of these contrarians and 1-st world 'revolutionaries' preaching and bitching from their warm, comfortable living rooms forget, and certainly have no experience in.
305  Economy / Economics / Re: China will become Super Power ? on: October 23, 2014, 09:19:03 AM
LOL a lot of ignorance and bandwagoning bull shit passing itself off as facts there. A lot of 'LOLOL US BAD JUST WANT TO BITCH AND MOAN'

Let's compare the respective size of economies of US and china. Now consider the fact that it used to be china's growth of over 10 to 9% of GDP per year was the norm, yet now even after the recession has passed it is barely struggling to meet 7.5% target this year. This emphatically states that the economy is slowing down. Still yet, Chinese gpd lingers around 50-60% of nominal US GDP.

It is a known fact that much of this gdp figure counts activities and transactions of questionable economic values that are usually discounted when especially discussing PPP in the west and other parts of the world. Everyone knows about exorbitant government lending and borrowing, empty housing and ghost towns and buildings, and corruption ridden local officials with no accountability what so ever that pad their pockets with government money. That's a topic that needs a thread all by itself, and many say that the housing bubble and shaky loan investments in chinese government and local levels have actually grown bigger then US subprime mortgage crisis.

In the mean time, US has managed to dodge a bullet that could have led its economy into a severe depression, and the world along with it. It was actually late in terms of financial cycle because the system was due for another depression, and relatively speaking it was handled better then what it could have been.

Now the US economy GDP growth supposedly lingers between upper 2% and 3%, while chinese economy about 55 to 60% its size lingers below 7.5%.

However, the core difference here is the difference between an economy that is just getting back on its feet, vs. and economy that is steadily slowing down. One with a lot of places to go up vs. one that is desperately trying to buttress its growth even as it sags lower and lower. The one with a lot of places to go up also happens to be almost twice as big as the other, and that's not even counting in the political, diplomatic, economic, geolocation, and military factors.

Of course, add the fact that foreign manufacture and investments are leaving china steadily for better grounds obviously means the world is ready to move on from using china like a cheap whore that she is.

Certainly US is in a period of transition. However the capitalist system was due for one, and china is just now finding out the limits of its own power in uncharted waters.

The recent news about PPP was brushed off for a justified reason - PPP is a local and substandard measure of economic power because we are living in a global age where such measures are meaningless due to interconnectivity of each economies. What it does measure however, is to degree which a nation such as china is basically playing the economic manipulation game of trying to stem the tide of justified inflation while essentially scamming international law in order to artificially buttress is economy.

Most projections of economies and nominal GDP places china to lag behind US at least until 2030, and even those predictions so far have been ones that were pushed back from 2007, 2010, 2015, 2020 and so on. That is assuming china even maintains the present level of growth, which has proven to be not the case.

Now we will see the true nature of strength, not one that a chinese wishes to think.


You got legitimate questions, or just a bitch fest where you want to talk shit about Americans? Cheesy
306  Other / Politics & Society / Re: Are Bitcoiners Neoliberals? on: October 22, 2014, 08:49:06 AM
Bitcoiners are not political, no matter how much they dream of it.

They are just delusional.
307  Economy / Speculation / Re: Are the whales getting beaten? on: October 22, 2014, 08:42:57 AM
It seems that way - the old money is afraid their promised millions might never materialize, and is willing to sell for 7 million money now instead of waiting for 70 or 100 down the road.

308  Economy / Speculation / Re: Xiaoxiao's trading/forecast blog on: October 20, 2014, 01:53:39 PM
This week's forecast:

220-420

Bitcoin could hit as low as previous ATH as we have seen, it is not jumping over 400 by much.  AFter the dip to 200s, it made a very weak attempt to break 400 (in which it did) but quickly dwindled.

Trades- 10btc shorted @ 385 few weeks ago.

Rather wide latitude.

Bitcoin will be anywhere between 0 and 1000 imo

Why half ass your predictions?
309  Economy / Speculation / Re: Why (and when) the next bubble start. on: October 20, 2014, 11:11:10 AM
Whenever crypto decides to abandon its 'revolutionary' attitude and gain greater maturity.

Regulations are inevitable.
310  Bitcoin / Bitcoin Discussion / Re: New York Looks to Slap Digital Currency With Death Sentence on: October 20, 2014, 04:32:31 AM

One thing I do get is how young 20 to 30 somethings involved in bitcoin like you have very little idea of the true scale of corruption in this world, yet finds it convenient to blame wall st. It's very typical - almost cute. Just hope that bubble doesn't get burst by reality.

Also, you completely missed the idea behind my statement about scale of business in comparing crypto to wall st in terms of corruption. What it means is that you must consider the proportion of outright scams and quasi legal activities within their respective economies and the time length in which they had to implement such corruption, then compare the two entities and see where all that got you in terms of the naive 'we are pure and wall st is corrupt bitch moan bitch moan'.

The only difference is the fact that smart con men deceive others, while weak and inexperienced con deceives himself first. It's a pretty obvious path these kids take to rationalize their circumstances and actions - and being very honest here it's pretty damn childish.

Bottom line is, crypto has no business bitching about corruption of others anymore. You have conclusively proven that common people who claimed to be victims of 'ultimate corruption' in wall st are mainly motivated by the desire for themselves to be the big cheese, not because of any better purpose that they constantly mouth off about.


i agree a side by side comparison would show us in the crypto scene i think as faaaaaaaaaaaaar more corrupt than Wall street !


(Not edited, your simply not worthy of that much of my time anymore. Not until you bitches get a grip on reality...)


 While you kiddies keep throwing mud at each other in this thread and thinking you all have any clue at the scale of corruption on Wall Street, and at the Fed, and in the Major Banks, and at the US Treasury Department, plus everywhere else throughout our economy and throughout every industry it just shows how much you all have yet to learn. Except of course for precious few grey haired old fools.

 And the only thing miscalculated by the likes of us few old grey fools was how severely corrupt and broken our very monetary system and regulatory bodies were and are. In fact, the Fed, their member banks, and Wall Street has all our regulatory bodies in their back pockets. Worse, due to full tilt DE-regulation over the last 35 years straight Wall Street was enabled to destroy itself just as the major Banks destroyed themselves.

 Of course they took us all down with them, but a precious few are still able to extend and pretend while dimwits here that think they have nary a clue bring serious fury and worry to those like myself for even daring to think they have a clue. YOU DON'T, not 99% of you. You don't have a damn clue yet, but very soon you will get the education you desperately need.

 From Wall Street to the Halls of Congress to Every Industry in the western world their all Mobbed Up with systemic corruption. Every few generations this results, and so far it keeps repeating. All due to stupid/selfish/relentless greed and the lies built by idiots that are too extremely greedy and stupid for their own, best, long term interests.

 When Bitcoin arrived the 'little thugs' moved into Bitcoin to scam, fleece, sucker, cajole and bamboozle all you kiddies. This sector much like any other sector is merely a reflection of the world at large. Nothing more, nothing less.

 While you scream like idiots will that we must use the half ass, insecure GNU/Linux distro's and trust their safe (their not), and that we must believe what you claim even though you haven't a nary of a fucking clue. Bullshit!

 Linux is no more secure than Winblows. Period, in fact it's far less secure than a properly secured winbox but then you clowns don't know the first thing about Systems Administration but instead are mostly half ass, shade tree code warriors.  And just dump that pile of shit called AppleMac right out the window as it's so far behind the curve it will never catch up except for the spoiled idiots that believe in fairies and are the biggest suckers for a slick marketing genius that killed Apple the moment he passed away. Unless your into heavy Graphics you have no business dancing with the ripoff termed Mac's.

 Fact: Many of us got robbed so severely during the last 15 years straight by corruption on Wall Street, and in the Major Banks, and by the most corrupt institution of all time (The Fed, i.e. the Federal Reserve Inc. that is owned by it's Member Banks) that we embraced Bitcoin whole heartedly when that dim light bulb finally lite up in our foggy, old brains. And we are determined to utterly and totally destroy the just named and mentioned criminal, organized crime, mobster lead and run financial/monetary institutions.

 Satoshi too believes exactly what the few of us believe. That they must be destroyed at all costs, and we're not taking any prisoners. And it was Satoshi's genious that brought us all together. But here you whine, bitch, and spout off without so much as displaying much truth, let alone intelligence. Where is your backbone and spine?

 You bitches that refuse to do your due diligence best figure it out, because if not there is a world of hurt waiting for you spoiled, rotten bitches extremely soon down the cold, hard road termed the real globalized world that is about to bitch slap all of you so hard and furious that most of you don't have the medal to deal with it from the looks of things.

 Us old dogs, we have more than a clue. And yes, Only prudent, sensible regulation is required and mandatory. The rest of bullshit, both extremes. Anyone claiming else wise deserves to be terminated with extreme prejudice.

 Fuck New York. It's the land of Commie Pigs hell bent on dictating to the entire world, much like a few other places, and their all on the fast track to obviation because of their horrifically evil delusions of grandeur, extreme stupidity, and obscene selfishness.

 REDLINE the entire state of New York. - Their no longer desired nor were ever required in this brave new Decentralized Monetary Revolution. FUCK THEM ALL. Their now NO LONGER WELCOME.

 We wont be offering anyone nor anything within the borders of the state of New York State Bitcoin related business and transactions what so ever any more. NONE. They just screwed themselves out of the new monetary revolution completely with their dictatorial sheer stupidities. I wont get into the details. If one has paid any attention they know those. Anyone mentioning the lack of details...go fuck yourself.

 A massive global collapse and series of major wars looms large. But you bitches are too busy dancing around whining like candy asses to figure that out over a decade ago too when the financial and monetary walls were already crumbing all down way back then, and still to this day almost all of you are still sleepwalking into the Old World's Apocalypse. Today we're all on the eve of those events, and here all you all do is whine and pout thinking you just got fleeced worse than what occurred to the entire world when the Banksters and Wall Street brought the walls tumbling down in 1987, 2000, 2008, and again withing the next 18 months. Mark these last 6 words!

 And what do you bitches do in return? You reward failure after failure by doing business with these failures that demand to be bailed out to the tune of 16+ Trillion, and these same criminal, organized mafia thugs even have the brass balls to demand bonuses for their worst failures to ever walk this earth while calling them the best and brightest. How fucking quaint. Well go rush right out and get another Government Motors or Private Equity Shitbox car, idiots.

 Reward Failure? Capitalism? Never.

 Get a fucking grip.


 Bitcoin is Monetary Freedom, and freedom never comes without risks.

 Real Capitalism has real risks.

 Bitcoin has real risks.

 But the commies and fascist whores demand guarantees, backstops, bailouts, and bonuses, FOR THEIR FAILURES.

 These whores (both the commies and fascists) in New York demand to Privatize all the Profits while Socializing all their Losses onto taxpayers, just like all the other financial parasites and wealthy elite while I have the displeasure of reading so much nonsense in this thread that dismisses all that and so much more that I hereby rip you almost all a brand new asshole, and only wish that they fuck almost all of you so badly that your just as fucking destroyed as brain dead idiots deserves to be done to. After all, you supported it, voted for it, and there by enabled them.

Bottom Line:

 The entire system is corrupt to the core, and entirely criminal in it's intent.

 Even the God Damn Police are now turned into Highway Robbers stealing everyone's hard earned fat stacks of cash left and right without disregard due to their extreme conflicts of self interest and corruption when any of us are unlucky enough to travel by car throughout these hijacked lands.

 Fuck, even the Supreme Court and the rest of the Federal Courts are nothing less than mobbed up crimes in progress.

 And here some of you whine how Cryptocurrency is the most corrupt?? You have no fucking clue.


 So for these young kiddies that luv to use foul language? Well herein is an extra helping of that nonsensical blather.


 Get Serious, figure out solutions, get them implemented.

 We have a Monetary Revolution to finish.

 That's called leadership by the way.
The hard way. You earned it.
Get focused. Quit whining. Man Up.


LOL this fool
311  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Dogecoin Community Shocked as Bizzare Moolah Drama Takes Final Twist on: October 19, 2014, 12:43:17 PM
Doge community
On Wednesday, the same day that Moohla apparently had found a second life, Dogecoin Founder Jackson Palmer, posted a Google document revealing Green’s numerous identities and alleged criminal past. According to the document, Alex Green is actually the internet scammer “Ryan Kennedy”, also known as “Ryan Humble,” and “Ryan Gentle,” among others.[/b]

How much you wanna bet Jackson Palmer had that info for months but only decided to publish now that moolah is finished? I'm glad I'm done with Doge since months ago. mulah and doge deserved each other.

Yes, this has raised a great question in my mind which I posted earlier.

It seems obviously bullshit that this all came to light instantly after the moolah announce. I believe that the doge developer here has a lot to answer for!

Actually Jackson Palmer raised concerns on Reddit in April - and Moolah and his legion of helpers turned on him and ran Jackson out of his own community. Jackson got legal threats for defamation, death threats and everything. The problem was that some of the mods on that subreddit were working for Moolah.

So the man did try - it's just that the herd didn't want to hear what he was saying.

ETA: Some other devs spotted he was fishy too and moved to protect their coin. Here's a screenshot of interaction between Reddcoin devs and Moolah from July:



This.

I heard jackson tried to right the course more then once, and the kids and fuckin fools started crying and screaming that he was ruining their profits (what they really meant).

Next time, listen to the man.
312  Economy / Economics / Re: China will become Super Power ? on: October 19, 2014, 11:58:58 AM
With the chinese economy slowly down substantially and US economy gradually picking up, it's inevitable that china will lag behind US.

Unless anyone wants to bring up that weak argument about PPP because it's so full of holes and corruption - there's a good reason why PPP is not considered a good measure of economic power especially since globalization.
313  Bitcoin / Bitcoin Discussion / Re: Regulation and corruption. There is no 'Us vs. banks/government' in this. on: October 19, 2014, 09:00:46 AM
Individual responsibility is all the regulation required.

LOL

314  Bitcoin / Bitcoin Discussion / Regulation and corruption. There is no 'Us vs. banks/government' in this. on: October 19, 2014, 06:49:18 AM
From what we have seen so far in the relatively short 5 year period or so of crypto, we know there is no such thing as a boundary where corruption and outright thievery is concerned.

With that in mind, I would like to open up a discussion regarding merits of regulations and the fundamental issues that smashes the illusion that crypto currency and crypto tech is the 'good' - and how it is merely a tool to be used.

Marriage with regulation is inevitable, and those that oppose it in many cases have vested interest in doing so for their own profiteering purposes.

'Enemy' you know vs. enemy that persuades you to make him rich with flowery words and greasy promises.

Discuss.
315  Economy / Speculation / Re: US exchanges coming online on: October 19, 2014, 06:27:37 AM
The fact that these threads and topics are not gaining enough attention is enough to tell you people are little concern for legitimacy in crypto.

Professionals are coming.
316  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NobleCoin[NOBL] - *GOING PoS*NOBL/$USD*MARKETPLACE*55 CHARITIES/MERCHANTS* on: October 19, 2014, 05:13:23 AM
I am not, nor have I ever worked with a cartel

Cheeky as ever Smiley
317  Other / Off-topic / Re: What Obama would do, if forum members send him E mail with Christmas greetings on: October 18, 2014, 06:56:59 PM
Would be too busy ignoring and not taking responsibility.

In all likelihood, it would just be taken care of by some pr personnel.
318  Bitcoin / Bitcoin Discussion / Re: New York Looks to Slap Digital Currency With Death Sentence on: October 18, 2014, 03:31:37 AM
You missed sarcasm on the last part, and the tone of the whole post Cheesy

Sorry but a lot of people here really are that hard-headed or contrarian, that's why I didn't recognize the sarcasm.

From what we have seen in the last 12 months of crypto, we learned that corruption finds a place to rest its head no matter where. If you think crypto and altcoin/exchange scene is any less corrupt then wall street, you are really foolin yourself.

The only thing this says to me is you don't have much experience with Wall Street. Since they have been around for much longer and are in much greater numbers, they are much more efficient scammers than what goes on in this forum.

It's a fact that exchanges have been running empty for a long time and basically trading substantially above what they are capable of dispatching at any given time. Their duplicity makes lehman brothers and jp morgan look law abiding in comparison, if you consider the scale of the respective businesses and especially the time frame in which such corruption took root.

The entire cryptocurrency scene could be bought up by a medium-sized hedge fund. We are talking about a tiny sliver of market capitalization compared to Wall Street. You can put every single crypto exchange together and multiply their worth by 10 fold and still not approach the valuation of Lehman Brothers pre-collapse.

This is now a muti billion dollar economy set up in less then 5 years, with which people were essentially fleeced willingly of their money and fucked by their own child like view of what corruption is.

OK now you are trying to speak for everybody. I am currently sitting on a net BTC profit, so I don't know who you are talking about.

How many tens of hundreds of millions went with gox, crypto rush, and now mintpal?

Its just a tiny drop in the bucket compared to what is taken from the poor to feed to the rich on Wall Street on a daily basis.

How many scams and disappearing devs have we seen? How many pump and dump groups operating while dumping not just on the public but on each other? These fools will be prison meat in 3 weeks tops if regs come into play and they find out how easily their identities are going to be revealed to the world.

Why do we need additional "regs" to enforce pre-existing law? Theft is theft. We don't need new regulation, we simply apply the regulation we already have. Get it? No, of course not. You will never get it because for you getting it means admitting defeat.

You can feel good about 'sticking it to the man' while little whores like ryan kennedy are robbing you blind from behind their monitors for a sum far more then jp morgan did.

Really? You are saying there is a bigger thief on the planet than JP Morgan? Please, do go on...

If we have learned anything, it's that these cheeky 20 and 30 somethings with attitude need to check their place.

What I learned is old people just can't get it... It doesn't even matter how physically old you are. If you are mentally old, you won't get it.

One thing I do get is how young 20 to 30 somethings involved in bitcoin like you have very little idea of the true scale of corruption in this world, yet finds it convenient to blame wall st. It's very typical - almost cute. Just hope that bubble doesn't get burst by reality.

Also, you completely missed the idea behind my statement about scale of business in comparing crypto to wall st in terms of corruption. What it means is that you must consider the proportion of outright scams and quasi legal activities within their respective economies and the time length in which they had to implement such corruption, then compare the two entities and see where all that got you in terms of the naive 'we are pure and wall st is corrupt bitch moan bitch moan'.

The only difference is the fact that smart con men deceive others, while weak and inexperienced con deceives himself first. It's a pretty obvious path these kids take to rationalize their circumstances and actions - and being very honest here it's pretty damn childish.

Bottom line is, crypto has no business bitching about corruption of others anymore. You have conclusively proven that common people who claimed to be victims of 'ultimate corruption' in wall st are mainly motivated by the desire for themselves to be the big cheese, not because of any better purpose that they constantly mouth off about.



319  Bitcoin / Bitcoin Discussion / Re: New York Looks to Slap Digital Currency With Death Sentence on: October 17, 2014, 06:59:26 AM

Sometimes, it's interesting to see how ignorant some people are of reality. In their mind, they can move markets and is the center of the universe. NYC? Some fishing town...

Yeah unless you consider gross domestic product, trading activity and the fact that it is the 12th biggest economy in the world.

I think you are underestimating the gravity of their pull. Weren't you around in 2008?

You missed sarcasm on the last part, and the tone of the whole post Cheesy


People have no idea how lack of regulation have been running down crypto. Vast majority of existing crypto 'heavy weights' have vested interest in demonizing regulations mainly because it would cut them off from doing their profiteering.

The regulation is going to be written by Wall Street, which is a far more corrupt and world-destroying entity than crypto, because they operate under the pretense that they are good and necessary and aren't evil shits (which the vast majority are -- evil, spoiled, unnecessary shits, deadset on making the world a worse place to live in during their lifetimes).

Here, its just a freeforall with no pretense. To me thats the more honorable option.

Exchanges have been running on hot air and lack of reserves for too long, and they will be swept aside.

I have no idea if this is true or not but I hope for their sake its not.

From what we have seen in the last 12 months of crypto, we learned that corruption finds a place to rest its head no matter where. If you think crypto and altcoin/exchange scene is any less corrupt then wall street, you are really foolin yourself.

It's a fact that exchanges have been running empty for a long time and basically trading substantially above what they are capable of dispatching at any given time. Their duplicity makes lehman brothers and jp morgan look law abiding in comparison, if you consider the scale of the respective businesses and especially the time frame in which such corruption took root.

This is now a muti billion dollar economy set up in less then 5 years, with which people were essentially fleeced willingly of their money and fucked by their own child like view of what corruption is. Because they were being cheeky and cheering on 'fuck the regs, fuck the gov, fuck DA MAN, fuck banksters etc', while common thieves and internet gamers were stealing their money faster then any 'bankster' did and in larger amount. and in shorter amount of time.

How many tens of hundreds of millions went with gox, crypto rush, and now mintpal? How many scams and disappearing devs have we seen? How many pump and dump groups operating while dumping not just on the public but on each other? These fools will be prison meat in 3 weeks tops if regs come into play and they find out how easily their identities are going to be revealed to the world.

You can feel good about 'sticking it to the man' while little whores like ryan kennedy are robbing you blind from behind their monitors for a sum far more then jp morgan did.

If we have learned anything, it's that these cheeky 20 and 30 somethings with attitude need to check their place.

Any question?
320  Bitcoin / Bitcoin Discussion / Re: New York Looks to Slap Digital Currency With Death Sentence on: October 17, 2014, 05:39:18 AM
Imagine walking up to a New York street vendor in Times Square to purchase a foot-long hot dog and being asked to provide your name and home address. If you’re paying with cash, no need to fret. But if you’re paying in Bitcoin or some other digital currency, be prepared to answer a series of questions before enjoying your tasty treat.
This is not true. I would consider this to be FUD.

The only reason you would need to provide identification when dealing in bitcoin is if you were exchanging your bitcoin for cash. If you are exchanging your bitcoin for hot dogs, hamburgers, clothing, Giants tickets, or a car, you would not need to present your identification (you might for a car, but this has nothing to do with the fact that you are paying in bitcoin).

The OP/author of the article is seriously misinformed about what the NY regulations are proposing. It is a shame that so many people are able to write "new articles" without doing their due dilligance
This is true. I think that many people just see the word 'regulation' and automatically assume that it will be bad.

Although excessive regulations are always bad, I do not think the NY regulations are 100% negative. As they do have some positives like forcing exchanges to have 100% reserves.

People have no idea how lack of regulation have been running down crypto. Vast majority of existing crypto 'heavy weights' have vested interest in demonizing regulations mainly because it would cut them off from doing their profiteering.

Exchanges have been running on hot air and lack of reserves for too long, and they will be swept aside.
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