autopoiesis
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Activity: 3
Merit: 0
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February 12, 2014, 02:02:09 AM |
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Why do banks and governments see Bitcoin as a threat?
It interrupts the paper trail and makes it harder for them to trace money, stop crime, and impose taxes. Why do hackers want our coins so badly?
To sell for fiat or buy merchandise and services, drugs, guns, hitmen, hookers etc. I nominate TERA the new voice for the Russian Prosecutor General |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1819
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 12, 2014, 02:02:46 AM |
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 Done with Gox Explanation |
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Denton
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February 12, 2014, 02:04:44 AM |
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I'm not gonna lie, these last few weeks have been a bag of suck.
These past few weeks made me a strong HODLER. I am basically unable to panic sell and all i can do while the price is falling is curse at my luck for not having any fiat ready... |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 12, 2014, 02:20:46 AM |
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I'm not gonna lie, these last few weeks have been a bag of suck.
These past few weeks made me a strong HODLER. I am basically unable to panic sell and all i can do while the price is falling is curse at my luck for not having any fiat ready... I've been buying and I'll keep buying, on credit if I have to. As long as my bitcoin holdings are worth more than 10X my debt, I'm going to use the banksters system against them. Take some of that monopoly they print out of thin air and trade it for real money. |
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KFR
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February 12, 2014, 02:26:39 AM |
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Andreas is de facto the voice of Bitcoin right now.
And the fact that he and the foundation are at such odds speaks volumes about how in touch the foundation is with the Bitcoin community as a whole these days. |
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vokain
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Activity: 1834
Merit: 1019
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February 12, 2014, 02:28:32 AM |
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Andreas is de facto the voice of Bitcoin right now.
And the fact that he and the foundation are at such odds speaks volumes about how in touch the foundation is with the Bitcoin community as a whole these days. i was hoping Matonis would've helped them out more |
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KFR
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February 12, 2014, 02:31:34 AM |
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I think we've all spent quite a while thinking something along the lines of: "Surely they'll do something about...".  |
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fotosonics
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February 12, 2014, 02:31:59 AM |
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Lasky: “Let’s be frank, a lot more money has been laundered through large banks than has been laundered through virtual currency.”  |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 12, 2014, 02:38:23 AM |
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Lasky: “Let’s be frank, a lot more money has been laundered through large banks than has been laundered through virtual currency.” That's very noteworthy. In the hearings, Lawsky implied that he'd rather ban crypto rather than see any money laundering. Now, I don't think he could be much more pro-Bitcoin without losing his credibility as a regulator. |
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JorgeStolfi
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February 12, 2014, 02:40:39 AM |
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My predictions for Wednesday February 12, at precisely 20:00 UTC:
Huobi: 4075 plus or minus 30 CNY.
Bitstamp: 640 plus or minus 15 USD.
Sagittarius: Chances are you may have to get out of bed in the morning. Venus in Ursa means a good day for counting wild mushrooms and sharpening pencils. Beware of talking frogs and freshly painted doorknobs. Someone from Taurus may ignore your posts, or turn them into internet memes.
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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February 12, 2014, 02:44:24 AM |
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Lasky: “Let’s be frank, a lot more money has been laundered through large banks than has been laundered through virtual currency.”
The real money laundering folks laugh at bitcoin. Too small, too open. They use the banks, where "paper trails" are shreddable, and people can be bought. The blockchain is open and buying it is more expensive than all the money they could launder with it. That as much as anything else was Satoshi's design genius. |
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TERA
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February 12, 2014, 02:48:24 AM |
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Lasky: “Let’s be frank, a lot more money has been laundered through large banks than has been laundered through virtual currency.”
The real money laundering folks laugh at bitcoin. Too small, too open. They use the banks, where "paper trails" are shreddable, and people can be bought. The blockchain is open and buying it is more expensive than all the money they could launder with it. That as much as anything else was Satoshi's design genius. There are easy ways to remain anonymous and 'launder money' with Bitcoin. Most veteran bitcoiners know this. Yes, banks can be used to launder money too, but the bankers themselves are in control, so that's why they don't mind. You see? |
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creekbore
Full Member
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 12, 2014, 02:50:55 AM |
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Just checkin' back...I can see form the prices there's been another panic and bounce. Can anyone give me a brief precis (I tried reading the 30+ pages but all I can get is DDOS and wothrawal issues)....can anyone expand or is that the gist?  |
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Vigil
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February 12, 2014, 02:53:45 AM |
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Just checkin' back...I can see form the prices there's been another panic and bounce. Can anyone give me a brief precis (I tried reading the 30+ pages but all I can get is DDOS and wothrawal issues)....can anyone expand or is that the gist? We basically decided that you should cash-in all your bitcoins and give them to us. Its all over - finito. We are looking toward Bitcoin 2.0. Joking... nothing of value has been added in the last 30+ pages, except for a few .gifs of girls bouncing their naked asses. |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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February 12, 2014, 02:55:48 AM |
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Apologies for dragging up old posts, still catching up, but I had to say thanks, Fonz, for some very good news. When I hear the bankers say stuff like: “bitcoin’s practical role may be no larger than that of an emerging market’s currency subject to exchange controls” I think we still have much time. Cheap coins for months... 500 will become the new 5. get ready to settle in for the long haul. I hope?  |
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TERA
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February 12, 2014, 02:56:38 AM |
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3000 BTC buy order on btce.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 12, 2014, 02:56:53 AM |
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Just checkin' back...I can see form the prices there's been another panic and bounce. Can anyone give me a brief precis (I tried reading the 30+ pages but all I can get is DDOS and wothrawal issues)....can anyone expand or is that the gist? there was no DOS, i proved that by sending 1mBTC to three poeple in the mist of the "DOS" all three TX got confirmed in a timely manner. |
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 12, 2014, 03:02:11 AM |
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Just checkin' back...I can see form the prices there's been another panic and bounce. Can anyone give me a brief precis (I tried reading the 30+ pages but all I can get is DDOS and wothrawal issues)....can anyone expand or is that the gist? there was no DOS, i proved that by sending 1mBTC to three poeple in the mist of the "DOS" all three TX got confirmed in a timely manner. Thanks for the clarification. I sent some from Stamp about 18hours ago whihc arrived even though the "issues' were being reported then....it seems very ad hoc these problems |
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