The Karpeles arrest and bitcoin's social stigma.

[600watt]

bitcoin is a technology. some new tech can change world and some inventions never make it. we don't know yet regarding bitcoin. what we know for sure is that arseholes will always use whatever they can to fuck around honest people. i don't think it is bitcoins "fault" that arseholes can use it.

[600watt]

bitcoin is a technology. some new tech can change world and some inventions never make it. we don't know yet regarding bitcoin. what we know for sure is that arseholes will always use whatever they can to fuck around honest people. i don't think it is bitcoins "fault" that arseholes can use it.

Well, sorta.
The problem's Bitcoin lends itself so well to scamming/crime.  It's not AK47's fault that people kill people, but, all things being equal, a fellow who set hs mind on killing could kill more folks with an ack than, oh, let's say a jelly doughnut.

an ak47 is designed to kill. that is its purpose. are you trying to say that bitcoin is designed to scam people ?

[White sugar]

Nothing happens to Karpeles: bad for BTC because anyone can lose people's money and get away without consequences

Karpeles arrested: bad for btc community according to OP.

yeah, no matter what happen, some people always will make it looks bad

[DieJohnny]

Bitcoin made a lot of imperfect humans wealthy and powerful. Time exposes human character flaws unless you are a Clinton.

In the end these stories will be like the wild west in the USA, flawed men that are considered heroes for their courage and ability to live on the edge and see the future. Flawed almost all of them, but pioneers with a technology that will ultimately change the planet.

[Soros Shorts]

bitcoin is a technology. some new tech can change world and some inventions never make it. we don't know yet regarding bitcoin. what we know for sure is that arseholes will always use whatever they can to fuck around honest people. i don't think it is bitcoins "fault" that arseholes can use it.

Well, sorta.
The problem's Bitcoin lends itself so well to scamming/crime.  It's not AK47's fault that people kill people, but, all things being equal, a fellow who set hs mind on killing could kill more folks with an ack than, oh, let's say a jelly doughnut.

Despite the stigma that the US media tries to put on it, Kalashnikov pattern rifles are the most popular and widely-used assault rifles in the world due to their simple, reliable and rugged designs. I'd be more than pleased if Bitcoin became as popular widely-used as the AK47.

[criptix]

bitcoin is a technology. some new tech can change world and some inventions never make it. we don't know yet regarding bitcoin. what we know for sure is that arseholes will always use whatever they can to fuck around honest people. i don't think it is bitcoins "fault" that arseholes can use it.

Well, sorta.
The problem's Bitcoin lends itself so well to scamming/crime.  It's not AK47's fault that people kill people, but, all things being equal, a fellow who set hs mind on killing could kill more folks with an ack than, oh, let's say a jelly doughnut.

Despite the stigma that the US media tries to put on it, Kalashnikov pattern rifles are the most popular and widely-used assault rifles in the world due to their simple, reliable and rugged designs. I'd be more than pleased if Bitcoin became as popular widely-used as the AK47.

This sentence wanna make me watch lord of war again

Btw bitcoin = ak47 would mean btc would have a marketcap like the US $

[afbitcoins]

mmm jelly doughnuts

[ElectricMucus]

Nothing happens to Karpeles: bad for BTC because anyone can lose people's money and get away without consequences

Karpeles arrested: bad for btc community according to OP.

yeah, no matter what happen, some people always will make it looks bad

We could all think about what-ifs and what-nots in relation to the gox fiasco, but it doesn't really help.

While each of these sentences is correct out of context you can't drive that conclusion. People don't stigmatize something out of thin air, bitcoin isn't stigmatized because of technical details of the software it runs, it's because of mistakes people involved with it have been making.

[600watt]

Nothing happens to Karpeles: bad for BTC because anyone can lose people's money and get away without consequences

Karpeles arrested: bad for btc community according to OP.

yeah, no matter what happen, some people always will make it looks bad

We could all think about what-ifs and what-nots in relation to the gox fiasco, but it doesn't really help.

While each of these sentences is correct out of context you can't drive that conclusion. People don't stigmatize something out of thin air, bitcoin isn't stigmatized because of technical details of the software it runs, it's because of mistakes people involved with it have been making.

that is so true. seems weird, though, since i never expected that only noble, smart, bright (etc) would get into bitcoin when they found out about it. more average people with some strong leaning towards gambling. how can the non-noble, non-smart and non-brightness of some (many?) first movers can be held against bitcoin?
did you expect more?

[Impaler]

No one should have expected anything else.

The design of Bitcoin (deflationary, finite eternal supply cap) has within it a political ideology (Libertarianism at least as that term is used in the US), and the creator, earliest adopters and most vocal enthusiasts for it have always been incredibly vocal about this ideology and literally offer Bitcoin as a kind of sacrament to that ideology.

It is also undeniable that Bitcoin community is rotten to the core, full of scammers, parasites, get-rich-quick types, ponzi runners and pyramid schemers, this is the communities opinion of itself.  The old saying is true the fish rots from the head down, and the head of Bitcoin is Libertarian ideology, a fundamentally immoral and rotten ideology.

Bitcoin is simply a way to get the currently widely dispersed Libertarians to interact with each other, the result is not unlike what would result from air-dropping Libertarians onto an uninhabited island, the result is literally a dystopia on par with classics such as Animal Farm and Brave New World, only the physical separation provided by the internet and the fact all these people are still embedded in normal society keeps them from literally ended up in Lord of the Flies cannibalism.

Nothing else was ever possible, the community is not some random agglomeration of people who were bad by random chance.  Any institution attracts the kind of people it deserves, people who embody the institutions values.  To think otherwise is like claiming Mother Teresa had equal probability of becoming a Nun or a Nazi prison guard.

[criptix]

No one should have expected anything else.

The design of Bitcoin (deflationary, finite eternal supply cap) has within it a political ideology (Libertarianism at least as that term is used in the US), and the creator, earliest adopters and most vocal enthusiasts for it have always been incredibly vocal about this ideology and literally offer Bitcoin as a kind of sacrament to that ideology.

It is also undeniable that Bitcoin community is rotten to the core, full of scammers, parasites, get-rich-quick types, ponzi runners and pyramid schemers, this is the communities opinion of itself.  The old saying is true the fish rots from the head down, and the head of Bitcoin is Libertarian ideology, a fundamentally immoral and rotten ideology.

Bitcoin is simply a way to get the currently widely dispersed Libertarians to interact with each other, the result is not unlike what would result from air-dropping Libertarians onto an uninhabited island, the result is literally a dystopia on par with classics such as Animal Farm and Brave New World, only the physical separation provided by the internet and the fact all these people are still embedded in normal society keeps them from literally ended up in Lord of the Flies cannibalism.

Nothing else was ever possible, the community is not some random agglomeration of people who were bad by random chance.  Any institution attracts the kind of people it deserves, people who embody the institutions values.  To think otherwise is like claiming Mother Teresa had equal probability of becoming a Nun or a Nazi prison guard.

Holy shit seems you were abused from your libertarian father as a child?

You post is so full of fallacys and strawmans even lampchop would be jealous of you

[Wexlike]

I think the deflationary distribution baked into the bitcoin protocol is political. That's the interesting part.

Thinking that joe blow public gives any care to Roger Ver, MtGox implosion, or even bitcoin itself is somewhat silly. It bubbled and died in late 2013 in their minds. The CEO committed suicide and a guy wearing a magical tux haxored all the coins.

If bitcoin does penetrate the mainstream, it will be on the backend. Living behind the splashy javascript curtain, the rails. Until then, it is the domain of idealists, traders, scammers, black/grey markets, capital control evasion, and the tech horny. (Not a horrible thing btw, but possibly problematic for posters bleating "$10k coins next year!")

I'm waiting for the altcoin with an exponentially increasing rate of emission, maybe call it Krugcoin? Surely the proletariat will flock like moths to a flame to build and support it.

Excellent summary of what the public thinks of bitcoin. In the end the mainstream won't experience the basic bitcoin, that we have right now. They will use apps that are build on it. No one will send money to an public key, but they will easily transfer money between facebook, skype, email accounts without ever touching the underlying protocol.

[Impaler]

Holy shit seems you were abused from your libertarian father as a child?

You post is so full of fallacys and strawmans even lampchop would be jealous of you

No, my father is loving and ardent socialist like myself. 

But your aim is quite true, except you loaded the arrow backwards.  In an fine example of classic projection in which ones own motivations are attributed to the opponent you attribute to me the underlying motivation of a Libertarian.  It almost always grows from some kind of immature resentment towards an authority figure, the best example is Rand herself who's entire ideology was simply the whole-sale inversion of the Soviet value structure that she had been the victim of.  Most modern libertarian mouth breathers can't lay claim to anything on that scale, they are overwhelmingly young white males of middle class privilege, their resentments are indeed towards parental authority.

I invite you to try to point out these fallacies and strawpersons, and by the way lambchop has someones hand in it, not straw.

[criptix]

Holy shit seems you were abused from your libertarian father as a child?

You post is so full of fallacys and strawmans even lampchop would be jealous of you

No, my father is loving and ardent socialist like myself.

But your aim is quite true, except you loaded the arrow backwards.  In an fine example of classic projection in which ones own motivations are attributed to the opponent you attribute to me the underlying motivation of a Libertarian.  It almost always grows from some kind of immature resentment towards an authority figure, the best example is Rand herself who's entire ideology was simply the whole-sale inversion of the Soviet value structure that she had been the victim of.  Most modern libertarian mouth breathers can't lay claim to anything on that scale, they are overwhelmingly young white males of middle class privilege, their resentments are indeed towards parental authority.

I invite you to try to point out these fallacies and strawpersons, and by the way lambchop has someones hand in it, not straw.

Oh my gawd.
Wannabe stalin crossbreed with freud.

Shoulda have just stayed away after you fucked up the 2013 bullrun.



*edit
Dunno, but lately i have to use this meme quite often.

[darkangel11]

Holy shit seems you were abused from your libertarian father as a child?

You post is so full of fallacys and strawmans even lampchop would be jealous of you

No, my father is loving and ardent socialist like myself. 

But your aim is quite true, except you loaded the arrow backwards.  In an fine example of classic projection in which ones own motivations are attributed to the opponent you attribute to me the underlying motivation of a Libertarian.  It almost always grows from some kind of immature resentment towards an authority figure, the best example is Rand herself who's entire ideology was simply the whole-sale inversion of the Soviet value structure that she had been the victim of.  Most modern libertarian mouth breathers can't lay claim to anything on that scale, they are overwhelmingly young white males of middle class privilege, their resentments are indeed towards parental authority.

I invite you to try to point out these fallacies and strawpersons, and by the way lambchop has someones hand in it, not straw.

Parental figure? Like good old papa Stalin?
Socialism is the way to go. Let's all stand in line and work for the good of others, especially the ones on top.

[gogxmagog]

socialism? wtf? its as bad as hitler bro... in fact, Stalin killed millions more people than the nazis. I actually get offended when people try and promote socialism. try "post-capatalism" instead... that one might actually take flight, and not oppress and kill millions in the process.

anyways, to go back "on topic" and address OP... Karapele's fiasco and the new developments will for sure add to BTC's poor reputation in the short term, the nay-sayers will parade this news around like some sort of victory, the weak hands will drop coins, the doubtful will become more doubtful...

this is all short term, same as every other scandal in btc land.

what is also the same, but having exponentially larger repercussion every time scandal hits, is that regulation, legal definition, good standards and best practices will be tightened up, reformed, made more clear-cut and put into legislation.

the libertarians will hate this, but libertarians are like commies, they only hate the state because they dont know how to work within it. they hate the rich because "sour grapes" they hate critics like me because I'm right.

they tend to be very unrealistic, if not actually mentally ill, homeless, or underage.

the more regulation there is on btc, at least well defined parameters where it can operate without people getting abused, the better for BTC. Mass adoption will never happen in an environment of anarchy. mass adoption will only happen when the masses can feel assured they wont be robbed blind in some wild-west of unregulated chaos.

"its not a perfect world kids, and people like me are here to keep it that way" Mister Toad, from Bill Griffith's Tales of Toad

[geofflosophy]

Am I the only one thinking that this is good news?
If you fuck with bitcoin you go to jail.

I'm with you homie. Good news, run-up imminent. Not just because of this, obviously, but because of everything.

[ElectricMucus]

http://www.coinfox.info/news/2962-saint-petersburg-authorities-evacuated-city-s-major-transport-locations-due-to-bitcoin-terrorists-attack

harsh, right? Is there a more reputable source about that?