The Everything Bearish Thread

[Fakhoury]

This thread is pure horseschit, it has it all; trolls, fudsters and idiots.

btw the Bullish version outweight this one by far.

Unfortunately bitcoin doesn't scale and gives no signs to get resolved. This is a bearish fact that outweight any possible bullish news IMO.

Maybe you don't have enough patience ?

[ahpku]

From our 'Bullish News' sister thread:
Good News Everyone!
There Is No Bitcoin Ban In Mexico
Actual headline, not even kidding.

Mr. President, SECURE THE BORDER!
News URL : http://bitcoinist.net/no-bitcoin-ban-mexico/

@Fakhoury
Consider returning to your self-moderated thread, no need to shit up this one too.
Or back to peddling stolen MSDN keys, whichever. https://bitcointalk.org/index.php?action=trust;u=357170

[ahpku]

DigitalBTC Bids Adieu To BTC

"When we saw the big drop in the value of bitcoin, just like a traditional miner, we had to look for something else to do. We have been slowly winding down our bitcoin mining operations and we will be progressively moving away from using it as a currency."

Lol no, not with a name like DigitalBTC you don't.

[knight22]

This thread is pure horseschit, it has it all; trolls, fudsters and idiots.

btw the Bullish version outweight this one by far.

Unfortunately bitcoin doesn't scale and gives no signs to get resolved. This is a bearish fact that outweight any possible bullish news IMO.

Maybe you don't have enough patience ?

Patience? Fidelity and NASDAQ are currently being pushed away and Core devs don't give a damn. Can't be more bearish IMO. I don't see why waiting forever will solve anything.

[ahpku]

From our 'Bullish News' sister thread:
Good News Everyone!
There Is No Bitcoin Ban In Mexico
Actual headline, not even kidding.

Mr. President, SECURE THE BORDER!
News URL : http://bitcoinist.net/no-bitcoin-ban-mexico/

...

Jubilation premature.
Update:
Mexico Cracks Down On Bitcoin Use

Following the Bank of Mexico's warning about the use of virtual currencies last year, the Secretariat of Finance and Public Credit stated that bitcoin will be subject to the same restrictions placed on some transactions involving cash or precious metals.

"... the use of virtual goods on an international level has resulted in a new way of transferring value via the Internet. For this reason, it is necessary to take action on a national level to identify and lessen the risks that any of these instruments be used to launder money or finance terrorism."

[ahpku]

Tough Times For Ethereum; Frolics Canceled
Second-largest crowdfunded project in history, nonprofit Ethereum Foundation, faces financial woes, cuts jobs; Declining Bitcoin price to blame.

"It is indeed true that the foundation’s finances are limited, and a large part of this was the result of our failure to sell nearly as much of our BTC holdings as we were planning to before the price dropped to $220; as a result, we suffered roughly $9m in lost potential capital."
--Vitalik Buterin, inventor of Ether (Not the the stuff that permeates all of space but really doesn't exist. That other stuff that doesn't exist.)

[knight22]

What Ethereum has to do with bitcoin again?

[rebuilder]

Hey Lambie, how's it feel like acting like a human being for a change? Congratulations on your personal growth!

[ahpku]

What Ethereum has to do with bitcoin again?

I dunno.
Just assumed that the flounderings of the biggest bitcoin-financed crowdfunded project, the 'blockchain-based decentralized application platform [which] raised 31,529 BTC,' and is now struggling due to its failure to dump the raised BTC when said BTC was actually worth money, and the fact that most Bitcoin publications have covered this tasty morsel...
...well, I just thought this was somehow relevant to BTC
@rebuilder: This is a thread for posting/discussing 'bearish' news related to bitcoin. Much like our 'bullish' sister thread, though sans the self-moderation.
If you need to troll/incite/air your dirty laundry, please do it elsewhere.

[ahpku]

Blockchain-Based Digital Cash Platform Raises $1.2 Million
*Bad news: Wrong Blockchain.

"Our platform is a permission-based blockchain that's licensed to and controlled by banks. We are not a technology service provider for banks and we don't handle any money – that's up to our bank partners, licensed money businesses and licensed exchanges."

[Darkbot]

Hey Lambie, how's it feel like acting like a human being for a change? Congratulations on your personal growth!

This guy is a bloody retard, no one shoud take him, his posts ore this thread for granted.

Karma is a bitch  

[ahpku]

R3CEV Blockchain Project Adds 13 Banks

R3 CEO David Rutter suggested in statements that the startups approach to collaborating with the market to lower the cost of delivering new blockchain initiatives was a factor in the deal.
"The addition of this new group of banks demonstrates widespread support for innovative distributed ledger solutions across the global financial services community, and we’re delighted to have them on board."

inb4 'what does this have to do with bitcoin': Nothing. Nothing at all.  Bitcoin is not even mentioned.
'Blockchain,' 'innovative,' and 'distributed ledger solutions' once meant bitcoin. Not anymore.

[ahpku]

Dutch Bank’s Innovation Chief: Bitcoin Obsolete

"We want to prevent bitcoin's poor image reflecting on what we do with the blockchain, its underlying technology. We see many opportunities [in the blockchain]. Bitcoin itself is outmoded."

[ahpku]

Chinese Auto Giant Wanxiang Plans $50 Million Crypto 2.0 Fund
(Sit down bitcoin, this ain't about you.)

"About two years ago, we saw the rise of blockchain technologies, and we started research and we were very optimistic about their prospects. We know that blockchain tech has a wide range of applications. We don't have any specific goals set yet, but we see opportunities."

The $50m fund, which had recently completed a purchase of 416,000 ETH (~$500,000), the native token on the Ethereum blockchain, will seek to support "all crypto 2.0 projects."

[ahpku]

Bitcoin Criminals Target Australian Financial Sector
Banks Respond: GTFO Scumbags!

Australian executives in the traditional finance are starting to get a bad taste in their mouths concerning Bitcoin. It seems that cyber-attacks involving digital currency ransoms are on the rise in the Aussie region, and banks are taking them seriously. On September 21, 2015, Australian banks sent letters to 17 native Bitcoin companies explaining that they would be terminating the companies’ bank accounts. The news came unexpectedly, and the banks gave no reasoning to why they sent these letters. We now know.

[mordekaiser]

Russian Bear Fed Up With Bitcoin Bullshit

Russia's Ministry of Finance has developed a new version of its proposed law that would seek to both outlaw and apply criminal penalties for activities involving digital currencies, according to a report by Russian news source Interfax.

Citing sources from within the Russian government, Interfax reports that acquiring, selling and distributing cryptocurrencies would be punishable with fines of 300,000 rubles ($4,574) or through up to 360 hours of correctional labor under the new bill.

Should such infractions be committed by an agency or group, the fines for such activities would increase to 500,000 rubles ($7,623).

It is not new anymore a lot of people get this and I have heard about this a long time ago, we may not like it but this do exist for some reason
it is under investigation.

[ahpku]

...
It is not new anymore a lot of people get this and I have heard about this a long time ago, we may not like it but this do exist for some reason
it is under investigation.

The quoted article was published on September 25, 2015, so current when posted.  You might be thinking of this:

"It's absolutely illegal, such technical hooliganism [is] absolutely inappropriate. The Constitution says who has the right [in] Russia to issue money - it is the central bank. The only currency in Russia is the ruble."
--Russian financial ombudsman Pavel Medvedev*

*Aptly named 'Medvedyev' translates to 'Bearson,' or 'son of bear.'

[Slark]

Russia is so afraid after that Crimea case.You can actually see that the sanctions of the EU and US are starting to take its toll on them.
Ruble is very weak right now and still losing, Russian government will do anything to block alternative currencies, everything to help Ruble.

[ahpku]

... Russian government will do anything to block alternative currencies, everything to help Ruble.

[Unauthorized] cryptocurrencies dilute the legitimate currency, much like counterfeit money.
The government's duty is to protect its national currency, which is exactly what's being done here.

[ahpku]

Bitcoiner Sentenced To Life In Prison
Liam Lyburd, the British Bitcoiner made famous by actually getting his money's worth from Evo,* blames college, not bitcoin, for his 'miserable life' and 'making him look a fool.'

Despite some of the tightest gun control on the planet, a British man was able to acquire a handgun, extended mags and explosives as part of a plot to attack his former school. ...
The internet-savvy teen obtained the Glock and other items through Evolution Marketplace, a successor to the Silk Road, a long-time “dark web” site in which users could buy and sell everything from illegal narcotics to munitions using Bitcoin cryptocurrency.

*and, to a lesser degree, by being a failed mass murderer