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Author Topic: New York Looks to Slap Digital Currency With Death Sentence  (Read 9644 times)
BittBurger
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October 19, 2014, 02:17:07 AM
 #61

thanks to New York’s Superintendent of Financial Services, Benjamin Lawsky. This new artificially imposed homicide might as well be called – Death by Regulation.

Here's my response:   Who.  Fucking.  Cares.

After watching the Canadian Senate Hearings, I no longer give a flying fudge about the BitLicense, Lawsky, or anyone else who tries to over-regulate Bitcoin.  There are other countries than the beloved US of A.

Unless you're a Die Hard American Patriot™ who gets upset when the USA isn't the center of the universe (barf), what Benjamin Lawsky does is completely irrelevant.  

Bitcoin is worldwide.  Therefore all this jibber jabber about how Lawsky is going to adversely affect Bitcoin, is a bunch of hooey.  

The only thing he's going to adversely affect is the quantity of businesses that make NYC home.  

He's screwing New York City.  Not Bitcoin.  This is happening.  With or without him.

-B-

Owner: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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Spoetnik
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October 19, 2014, 09:42:34 AM
 #62

you can't pretend that if USA enforces tough reg's on us it don't matter.
it does and the ramifications would be massive !

most services online for Bitcoin are based in the USA that i have encountered.

i have heard that angst ridden retort lots but it's simply not realistic sorry..

edit:

Let me put it this way guys..

You don't want to vote and will sit there and say it don't matter etc
but what happens ?
The country gets run how ever it does with out your input.

People are running out of time fast to get their input in on the issue.
we have had a year or 3 to get involved and be heard and what we see is
big talk on Obama having his CC denied.. priorities guys   Roll Eyes

contribute or you get what you get..

FUD first & ask questions later™
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October 19, 2014, 07:42:27 PM
 #63

This is a non issue.

We have genius level people developing this technology and it will outpace any controls they try and put on us.  Quit trying to tie crypto into corrupt fiat money systems where they can try and control it and it will bloom.
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October 19, 2014, 08:08:25 PM
 #64

you can't pretend that if USA enforces tough reg's on us it don't matter.
it does and the ramifications would be massive !

Incorrect.  You must be an American.  The viewpoint that we somehow control the world.
There are 6.8 billion people outside of the USA and 300 million inside the USA.
Even if the USA completely bans Bitcoin, which it wont, the only difference is # of people adopting, which will be decreased by a minor amount.
So your Bitcoins wont be worth $40,000 in 10 years, they'll be worth $37,000.

Quote
most services online for Bitcoin are based in the USA that i have encountered.
So what?  What is happening now, is not relevant to what will happen in the future.

You're freaking out over nothing.  If you like I can PM you in a year and say "I told you so".  Just let me know.

-B-

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October 19, 2014, 08:18:35 PM
 #65

This is a non issue.

We have genius level people developing this technology and it will outpace any controls they try and put on us.  Quit trying to tie crypto into corrupt fiat money systems where they can try and control it and it will bloom.

We aren't the ones pushing for government regulation.

Even if the technology evolves into something different, are you happy with the prospect of bitcoin being regulated into uselessness?

We can already transfer real money wirelessly, its just inconvenient to have to do it through a government and 3rd party intermediary like PayPal or Western Union that demands a cut (which is sometimes pretty substantial). This is why bitcoin has value.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
nutildah
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October 19, 2014, 08:21:01 PM
 #66

you can't pretend that if USA enforces tough reg's on us it don't matter.
it does and the ramifications would be massive !

Incorrect.  You must be an American.

Uh oh. You've really done it now!!!  Cheesy

But Spoetnik is correct. Do you remember what happened in 2008? Oh, right, thats when Iceland's banking system collapsed and dragged down the rest of the world with it.. wasn't it? LOL.

No disrespect to any potential Icelandic forum members.  Smiley

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 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
TheGer
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October 19, 2014, 10:00:23 PM
 #67

You can't regulate it into uselessness.  We as users can dictate what and where it has value.  If we went strictly barter with BTC we could eliminate fiat corruption altogether.  I sold 3 circuits some months ago for 3LTC, also there is a guy in town I know that builds decks on the side for BTC.

The possibilities are endless.  You create your own demise trying to tie Crypto into fiat corruption.



This is a non issue.

We have genius level people developing this technology and it will outpace any controls they try and put on us.  Quit trying to tie crypto into corrupt fiat money systems where they can try and control it and it will bloom.

We aren't the ones pushing for government regulation.

Even if the technology evolves into something different, are you happy with the prospect of bitcoin being regulated into uselessness?

We can already transfer real money wirelessly, its just inconvenient to have to do it through a government and 3rd party intermediary like PayPal or Western Union that demands a cut (which is sometimes pretty substantial). This is why bitcoin has value.
nutildah
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October 20, 2014, 12:37:56 AM
 #68


The possibilities are endless.  You create your own demise trying to tie Crypto into fiat corruption.


Again, I'm not tying anything to anything. I'm just stating that there is a strong likelihood that world governments will make efforts to regulate cryptocurrency, and when they do, their citizens should be wary.

▄▄███████▄▄
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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
MicroGuy (OP)
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October 20, 2014, 01:04:15 AM
 #69


The possibilities are endless.  You create your own demise trying to tie Crypto into fiat corruption.


Again, I'm not tying anything to anything. I'm just stating that there is a strong likelihood that world governments will make efforts to regulate cryptocurrency, and when they do, their citizens should be wary.

Yes. I think if merchants become regulated to the point where Bitcoin customers are required to provide ID to make purchases, it will hamper its adoption by making cash and plastic more attractive options.

Most likely the ruling "establishment" will use regulation as a dimmer switch which they can finesse to the degree that they keep cryptocurrencies in the novelty payment category used by a minority on the fringes.
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October 20, 2014, 03:19:54 AM
 #70


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.
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October 20, 2014, 03:52:57 AM
 #71


Most likely the ruling "establishment" will use regulation as a dimmer switch which they can finesse to the degree that they keep cryptocurrencies in the novelty payment category used by a minority on the fringes.

I think they will try but they will be ultimately unsuccessful.  There are too many winners from Bitcoin.
Merchants love Bitcoin because of the fees, but once the masses figure out that Bitcoin is the key to unlocking the prison of the banksters, no one will be able to stop it.  Freedom is too popular.

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October 20, 2014, 04:32:31 AM
 #72


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
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October 20, 2014, 08:22:04 AM
 #73

This is a non issue.

We have genius level people developing this technology and it will outpace any controls they try and put on us.  Quit trying to tie crypto into corrupt fiat money systems where they can try and control it and it will bloom.

the two are linked.. this is reality, drop the Bitcoin delusion and be realistic.

i support what you guys do but i am being honest and realistic about what is going on now ..and later.

Fiat is linked to bitcoin and if hypothetically all ties to Bitcoin were cut off now Bitcoin prices would be decimated
and that itself would cause even more crashing and bailing possibly leading to the death for the concept.

i get it, you're all scared of Big Bankers and their control but they ALREADY do control us and bitcoin.. open your eyes.

for smart people your all being colossally naive foolish and delusional .

FUD first & ask questions later™
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October 20, 2014, 08:29:44 AM
 #74

you can't pretend that if USA enforces tough reg's on us it don't matter.
it does and the ramifications would be massive !

Incorrect.  You must be an American.  The viewpoint that we somehow control the world.
There are 6.8 billion people outside of the USA and 300 million inside the USA.
Even if the USA completely bans Bitcoin, which it wont, the only difference is # of people adopting, which will be decreased by a minor amount.
So your Bitcoins wont be worth $40,000 in 10 years, they'll be worth $37,000.

Quote
most services online for Bitcoin are based in the USA that i have encountered.
So what?  What is happening now, is not relevant to what will happen in the future.

You're freaking out over nothing.  If you like I can PM you in a year and say "I told you so".  Just let me know.

-B-

I am from Canada and no screw the USA..
China has a bigger economy now and they went from being half of the USA in 2006 to eclipsing it as of last week.
And you failed hard.. it was not about the USA it was about any one country or all of them such as Russia and China having regulation news that decimated Bitcoin prices before.
so my point is 100% accurate and correct.. whether i used the USA as an example, or not.

i had one of the first PC's and have been online for decades and i have rallied against the ant-piracy movement as my main hobby.
there is a LOT of parallels to what you guys are arguing about with me and the copyright piracy battles.
so i see crystal clear what you are saying and i also know damn well what i am talking about.. the old David vs Goliath bs..
Piracy vs Big Media.. or Bitcoin vs Big Finance / Govt.
Ya ya ..i get it LOL  Roll Eyes

you guys are being cocky and naive and foolish trust me.

FUD first & ask questions later™
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October 20, 2014, 09:33:09 AM
Last edit: October 20, 2014, 09:19:51 PM by Spoetnik
 #75

You can't regulate it into uselessness.  We as users can dictate what and where it has value.  If we went strictly barter with BTC we could eliminate fiat corruption altogether.  I sold 3 circuits some months ago for 3LTC, also there is a guy in town I know that builds decks on the side for BTC.

The possibilities are endless.  You create your own demise trying to tie Crypto into fiat corruption.



This is a non issue.

We have genius level people developing this technology and it will outpace any controls they try and put on us.  Quit trying to tie crypto into corrupt fiat money systems where they can try and control it and it will bloom.

We aren't the ones pushing for government regulation.

Even if the technology evolves into something different, are you happy with the prospect of bitcoin being regulated into uselessness?

We can already transfer real money wirelessly, its just inconvenient to have to do it through a government and 3rd party intermediary like PayPal or Western Union that demands a cut (which is sometimes pretty substantial). This is why bitcoin has value.

nope.. many of us are NOT talking about "bitcoin being regulated into uselessness?"
we're talking about making Regulation work WITH us for OUR benefit !

Coindesk has a long history showing stories about various big or small companies or even average users having our misc accounts seized because of ties to Bitcoin.
accounts with huge amounts of money in random countries have been taken with no warning and the money sized permanently !
and i have experienced the blacklisting at banks myself as well as a costly and damaging stressful investigation from Paypal
all because of TIES TO BITCOIN.. (stemming from Regulations)

they said who are you and i had to go to extraordinary lengths to prove who i was.. i thought that was it.. oh hell no !

Then they wanted extreme proof of what i was doing with my Paypal account such as what i had been buying and proof i got the stuff i bought ? ..done ? ..hell no !

Next the Big problem (they made up) was WHERE did i get the money from i sent to my Paypal account.
And again they put me through the ringer.. BIG TIME !
I had uploaded about 64 images including scans of invoices, picture id scans birth certificate, pic's of items, screen caps & emails from online retailers + more
and was i done ? ..hell no !

they made me wait jerking me around for few more weeks (while i was auto banned on day one from their forums like all guys with frozen accounts)
and when i used an old alt Paypal account to login to the forums no matter how much of a stink i made the staff ignored me 101%

After that i got an email from them saying they need to know where i got my money from..
i told them, from BTC-e cashing out their min withdrawal amount 2x to Paypal. (aprox $5,000 usd)
Then more waiting and jerking me around sending me to the resolution center with a pending status still and then they came back and said..
You are in violation of our terms of service and you need to pay out of pocket to get a signed affidavit done by a lawyer and send it to us.

And i want to point out the key part was here is they demanded i do that with no assurance or even the slightest hint at all that doing that affadavit
would help get my account unlocked or help get my money back.. they insisted no matter how hard i fought them on it i had to do it or they were taking my account + money.
So i had NO CHOICE but to have a lawyer look at me funny as i said i had to have PROOF for PP in writing i BROKE Paypal's Terms of service !
I had no idea if this would even help.. for all i knew they could have simply said sorry you broke our TOS so your account and money is gone.. bye.

..This was the affidavit email below (one of maybe around 60 emails i had back and forth with them)

Quote
Hello [removed],
 
We have reviewed your PayPal account and found that you have been involved
in the sale of electronic media exchange (such as electronic money or
digital currency). Per our current Acceptable Use Policy for Money Service
Businesses, PayPal may not be used for currency exchange including the sale
of BitCoins.
 
To continue using your PayPal account, we need some additional information
from you. Keep in mind that we have placed a limitation on your PayPal
account, and this limitation will remain until we receive and review this
information. Please provide us with a signed and notarized affidavit
stating that you understand and will comply with PayPal’s terms and
conditions.
 
The affidavit should include the following language. You can simply copy
and paste the text below to a blank document and then print it for
signature and notarization:
 
I, the undersigned, do affirm that I understand and will comply with
PayPal's policy regarding the use of PayPal accounts to sell electronic
currency. I understand that PayPal may not be used for the exchange of
electronic currency. I further affirm that any future violation of the
policy may result in immediate restricted access to the account.
 
Next Steps:
 
After you sign and notarize the affidavit, please log in to your account
and go to the Resolution Center for further instructions on how to send us
the document. Your account will remain limited until the issue is resolved.
 
We look forward to hearing from you and thank you for choosing PayPal as
your payment provider.
 
Sincerely,
Robert
PayPal Compliance Department
PayPal, an eBay Company
 
Please do not reply to this email address as it is not monitored and we
will not receive your response. You can get in touch with us by clicking
"Contact Us" at the bottom of any PayPal page.
 
Copyright © 1999-2013 PayPal. All rights reserved.

i paid the lawyer fee to get that done then scanned it and sent it to them and still after going on 3 months waiting for my money i needed bad !
They then made me wait a week or something then they accepted that and said simply.. your account is unlocked.. that was it.

but i noticed almost $700 was missing because they stopped a payment to Newegg when i bought PC parts and my payment was auto split up by Newegg
into 2 amounts owing (invoices) because of shipping item sources.. 75% of the items were coming from New York and the rest from California.
and their web site did not say anything about this ahead of time and mentioned one total owing only !

So when i clicked submit the Newegg site on the fly auto cut up my 1 single order invoice to Paypal into 2 separate Paypal amount owing invoices..
so when they locked my Paypal account they froze the two pending payments i thought had been sent (i thought my bill was paid)

When they released the account and had finished damaging my reputation as a non payer with Newegg they released the payment(1) that was frozen to Newegg
BUT.. only one part of it and not the other and no matter how many times i contacted Paypal they kept insisting the payment was sent to Newegg
and i needed to contact them etc.. so i did over and over... and they both kept sending me back and forth.. all along i knew Paypal was lying !

after about 3 additional weeks i finally got Paypal to admit the stole aprox. $700 dollars from me (i cornered some guy on PP's Twitter Help page via pm until he caved in)
Newegg kept saying Paypal only sent 1 of 2 payments and i believed Newegg not the scammer pricks at Paypal !
Eventually i got the payments made and my money back minus the lawyer costs and 3+ months of stress and a never ending extreme investigation harassment drama etc.

I also had never had any shady activity even once on any account i have used before on any site or service and my Bitcoins came from trading legit !

You guys getting it yet ?
No they can't ban it but they can do shit like that LOL

Wake up.. seriously, you guys are being seriously stupid and naive.

I talked to a guy on IRC back then in January 2014 when i was investigated and he said a similar story and he was locked out of 128k for almost a year with Paypal.
eventually he got a lawyer to get the money back.. after a year (i think they keep it after a year he said)
AND !!
When i had the investigation going on i Google'd part of the email they sent me i quoted earlier and guess what i found ?
A guy on bitcointalk who aprox a year earlier had gotten the same damn email word for word on this forum with the same circumstances !

and hey wanna have a chat with business owners who had accounts that were connected to an exchange transfer in Argentina for example who had lost 250k.. seized ?

Wanna have a chat with guys who were arrested by the FBI in a parking lot in Florida after arranging a meeting to sell Bitcoins using the service LocalBitcoins ?

How many examples do you all want ? i have lots Wink

The cocky stupid tough guy it doesn't matter i am a big bad Bitcoin bad ass bullshit is hilarious  Roll Eyes
oh yes, it does in fact matter what regulation they implement .

i couldn't care less how smart some of you here think you are.. listen to me i am right and i am warning you to be helpful with advice.. take it !
I was against regulations when i started in crypto too.. but after a while i realized it's not the boogieman i thought it was before.
And since it will be forced on us anyway the ONLY INTELLIGENT thing to do is cope with it and add our input to it..
so we can work with it or we can take what is jammed down our throats anyway with their own pro biased Big-Banker version of it.. think about it guys !

FUD first & ask questions later™
Slingshot
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October 23, 2014, 10:34:03 AM
 #76

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.
tooil
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October 23, 2014, 10:38:09 AM
 #77

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

Guess someone has too much time on hand.
Honeypot
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October 23, 2014, 01:18:34 PM
 #78

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
Spoetnik
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October 26, 2014, 10:04:43 AM
 #79

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

Guess someone has too much time on hand.

Did you expect a big Woodstock love in on a topic using the term "death sentence" about regulations ?

I do enjoy another random useless off topic comment pleading for us all to be nice though..
and i agree that is pretty useless LOL

it's pretty easy to shelf your opinions and hide and spray paint all the roses red and the grass green..
some of us actually contribute though.. and some of are cowards scared to share their opinion.

any and all TALK on bitcoin should be positive or people will not come and buy my Bitcoin's later for 10k each.
regulations ? shhh don't talk about it !

Maybe stay on exchange chat boxes ? I hear they like to moderate any negative comments pretty thoroughly LOL

Anyway LOL
I have not checked back on this New York Regulation proposal business.. shouldn't public input be over now ? anyone know ?
That is what this topic was about LOL

FUD first & ask questions later™
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