The Everything Bearish Thread

[ahpku]

Banks Are Bad, M'kay?
From our sister thread:
Crypto enthusiasts' healthy hatred of banks rooted in hard facts, studies show.

"[Another] new Bitcoin ATM was unveiled in Ocean Beach, San Diego on October 8 by the company Coinsource. Co-founder Travis Gough was on hand during the inaugural party, providing full demonstrations held by the company and local Bitcoin enthusiasts.
The ATM has the standard 7% fees that usual teller machines have ..."

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[ahpku]

Bitcoin Strikes Back
From the dusty "How is this still news?" files:
Bitcoin, backed by shamelessly wasted energy, helps fight creeping environmentalism.

"Vast amounts of electricity go into feeding the Bitcoin delusion. Fortunately, it's unlikely that the digital currency will survive long enough to generate the environmental disaster that would arise if it became a major part of the financial system," writes John Quiggin, going on to explain that "The same design feature that requires the use of so much electricity is the fatal flaw in Bitcoin as a currency."

Fist bump? Fist bump!

[Fakhoury]

People, all the visitors to this BS thread, neither me "Fakhoury" nor my thread "The Bullish News and Articles Thread" are related in any means to this BS thread and we are not sisters as the mentally-retarded OP says.

Thank you.

[talks_cheep]

LOL @fakhouri & hyena, two of the biggest bulltards on the forum.

All the crazies' pitchforks are coming out. This is a great sign that this thread is having a positive impact upon newbies. We are doing the good works here, folks!

[ahpku]

Crypto 'Investors' Seek $100 Million in Class Action Lawsuit

An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency 'Gemcoin' days after a US Securities and Exchange Commission (SEC) crackdown.
"Defendants heralded ... new cryptocurrency they invited that would be revolutionary and grow exponentially in value, and that Plaintiffs could become early investors."

Ahpku wishes to offer his sincere condolences to the unfortunate cryptoenthiusiasts. Also: best of luck!Update:

A Southern California city council member resigned from his position Tuesday evening after being named as a defendant in a new lawsuit involving a Bitcoin-like cryptocurrency"

Well played, councilman

[ahpku]

With Φ, Safe Browsing Is Just A Click Away
"A decentralized content sharing system: Free Anonymous Internet Φ!"

"What can blockchain technology do besides decentralized currency system or decentralized contract system," you ask?
What we all have been waiting for, claims Φ dev!
Ultimate Freedom: content can NEVER be deleted, locked, modified or censored. Once published it is accessible from anywhere.
Ultimate Anonymity: No real world personal data needed. Footprint is untraceable.

[ahpku]

Identabit: Identity-Based, Crime-Free Bitcoin Alternative
"Bitcoin’s fight to be accepted by regulators has been lost," admitted dev John Underwood.

"With the increased regulatory attention directed at bitcoin, brought on by the stream of crime empowered by anonymity, we concluded that there was a need for a chain that enabled AML/CTF compliance, enhanced funds security, denial of crimes empowered by anonymity, and ensured security of transfer by way of user association."

Nice going, John Underwood. Sellout

[Dump3er]

Looks like the hardcore bulltards are giving a lot of fucks about a thread that in their own opinion has zero impact and absolutely no value...

...permabulls 

[ahpku]

Blockchain Platform Setl Exceeds 1 Billion Transactions Per Day
Or roughtly 11,000tps.  Bitcoin? 7tps tops, which is plenty.

Setl is building a private network of distributed ledgers that can settle cash and assets in real time, claims its testnet can now match the volume of non-cash electronic payments made globally.

"By exceeding 1 billion transactions per day, Setl is addressing one of the fundamental issues of legacy blockchains, which, unlike Setl, are not designed for financial markets and are unable to handle market volumes."

[AbEQ5e]

Why do people dislike bitcoin?
It seems that any mention of bitcoin outside of bitcoin dedicated communities is met with negativity. What do you think the reasoning is?

https://www.reddit.com/r/Bitcoin/comments/3od2k0/why_do_people_dislike_bitcoin/

[–]stoicbn 8 points 14 hours ago
And the whole "Bitcoin will destroy banks and middle men!" And now there are dozens of Bitcoin banks and you can't spend Bitcoin at any major retailers without a middle man like Bitpay

[–]alch1mista 2 points 1 hour ago
This is exactly what bitcoin shillers won't say to you, this is bitcoins biggest lie.

[RKing]

Why do people dislike bitcoin?
It seems that any mention of bitcoin outside of bitcoin dedicated communities is met with negativity. What do you think the reasoning is?

https://www.reddit.com/r/Bitcoin/comments/3od2k0/why_do_people_dislike_bitcoin/

[–]stoicbn 8 points 14 hours ago
And the whole "Bitcoin will destroy banks and middle men!" And now there are dozens of Bitcoin banks and you can't spend Bitcoin at any major retailers without a middle man like Bitpay

[–]alch1mista 2 points 1 hour ago
This is exactly what bitcoin shillers won't say to you, this is bitcoins biggest lie.

1. People are ignorant of bitcoin.

2. There are too many spam crypto currencies.

[Darkbot]

Looks like the hardcore bulltards are giving a lot of fucks about a thread that in their own opinion has zero impact and absolutely no value...

...permabulls 

Here is Mr. Dickhead 2.0.

Why do people dislike bitcoin?
It seems that any mention of bitcoin outside of bitcoin dedicated communities is met with negativity. What do you think the reasoning is?

https://www.reddit.com/r/Bitcoin/comments/3od2k0/why_do_people_dislike_bitcoin/

[–]stoicbn 8 points 14 hours ago
And the whole "Bitcoin will destroy banks and middle men!" And now there are dozens of Bitcoin banks and you can't spend Bitcoin at any major retailers without a middle man like Bitpay

[–]alch1mista 2 points 1 hour ago
This is exactly what bitcoin shillers won't say to you, this is bitcoins biggest lie.

So, from all the ppl in that thread you picked the 2 most dumbest posts and putted here in youre own thread....

This is a joke, OP is joke this whole tread is 1 major joke!

Nitpicker!

[ahpku]

From our bullish sister thread:
Weekly allowances will be in BTC going forward ... any questions?
With fewer and fewer greater fools to support collapsing ponzi, Bitcoiners are turning on their own children.

"I spent a little time here and there explaining to my kids how bitcoins work, they listened and thought it made sense. They quickly asked me how they could spend their bitcoins & before I was able to answer them they quickly went online to find out. My youngest went a different direction with his curiosity and figured out that he could play games in order to earn bitcoins."

[Tzupy]

https://www.cryptocoinsnews.com/purse-io-users-are-targeted-by-hackers-10-235-btc-stolen/

[ahpku]

From our bullish sister thread:
Bitplutos, Another Legit MLM Scheme, Joins The Bitcoin Revolution

Earning up to 85% profits is just a click away with BitPlutos -- a binary options platform owned by "Exclusive Limited d.o.o. (reg. no. 5-0668456), a Montenegro registered company whose registered address is Cetijnski put bb, 81000 Podgorica, Montenegro," a small Balkan country with rugged mountains, medieval villages and a narrow strip of scenic beaches along its Adriatic coastline.

"Binary options?!" you yelp, unable to contain yourself, "those legitimate sophisticated financial instruments used by wealthy, successful men who studied moneymaking in expensive universities, those binary options?" You got it, chum! "Binary options are not gambling and Bitplutos is regulated under Montenegro law,"* explains Ace Journalist and Expert Financial Advisor at Bitcoinist.net.
Nice.

But wait, that's not all!
Join BitPlutos Affiliates program and earn while you earn!
"BitPlutos Affiliates is an aggresive affiliate program created for anyone to earn money by referring new users to BiPlutos, absolutely the first platform that trades Bitcoins. Whenever you send someone to our platform, you make money. And our strategy is simple – we take the lead, you take the profit!"
Pretty sweet.

Still not convinced?
"Do I look like some hayseed fresh off a turnip truck? I'm a sophisticated investor, bud, do serious due dilegence! This thing better be on the level," you mumble as you reach for your wad, "It is, right?"
Sure!!! Sophisticated investors, such as yourself, are our core clientele! Just take a gander at the sidebar for a happy mess of glowing, 100% legit testimonials!

*Exbino Lotto Bitplutos is a part of Exbino Entertainment Group. In our portfolio you can find:
    The most respectable, fully-licensed binary options platform in the Central Europe - www.exbino.com.
    Rapidly growing licensed sportsbook and casino - www.exbinog.com.
    Innovative and 100% anonymous BitCoin trading platform - www.bitplutos.com.
    Long term cooperation partnership model with devoted affialites - www.exbinopartners.com.

All this sites guarantee customers our financial stability and solvency.
Exbinol is owned by Exclusive Limited Montenegro and operated by Exclusive Gaming UK.
**ahpku is not affiliated with www.exbino.com., www.bitplutos.com, www.exbinog.com, www.bitcoinist.net or www.insideBitcoins.com, but use these affiliate links anyway.

[ahpku]

European Bitcoin Exchange Bites The Dust
'And nothing of value was lost' (No customer funds appear to be missing yet).

In a desperate bid to generate volume, Yacuna waived all trading and withdrawal fees in February, but all in vain. Some things you can't even give away, apparently. Executive director and chief compliance officer Mark Caruso told CoinDesk [as he brushed away a tear --ed]:
"We offered the service for free since we believe in the disruptive potential of blockchain technology. However, the lack of significant volume and a growth rate that remained below expectations led to the decision of shutting down the service."
What we've got here is ...failure to disrupt.

Meanwhile, back in the States, Gemini picks up the slack.

[ahpku]

Feds Bust Florida Bitcoiner As Drug Deaths Soar

'Federal agents have busted a Miramar bitcoiner they say was part of an international drug ring that used the Internet and U.S. mail to import a so-called synthetic heroin called fentanyl that is sweeping Florida and killing hundreds of users.

'According to a criminal complaint ... [Bitcoin criminal Aldolphe] Joseph sent nearly $3,000 in Bitcoin payments for one kilogram of "acetyl fentanyl" -- to be shipped to a woman in Maine.'
To put the gullibility and manic optimism of bitcoin criminals in perspective, 1 kilo of fentanyl [+ 49 kilos of cut] roughly equals 50 kilos of heroin.
50 kilos of H for $3K. Not a bad deal, Bitcoin criminal Aldolphe Joseph. Not bad at all...

[ElectricMucus]

People, all the visitors to this BS thread, neither me "Fakhoury" nor my thread "The Bullish News and Articles Thread" are related in any means to this BS thread and we are not sisters as the mentally-retarded OP says.

Thank you.

You shouldn't have PM'd me about creating this sock for you then.

[ElectricMucus]

People, all the visitors to this BS thread, neither me "Fakhoury" nor my thread "The Bullish News and Articles Thread" are related in any means to this BS thread and we are not sisters as the mentally-retarded OP says.

Thank you.

You shouldn't have PM'd me about creating this sock for you then.

PMed you for a sock, are you an idiot, drunk or both ?

Now you don't complain it.

[ElectricMucus]