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Author Topic: Visa and Banks After BTC  (Read 5823 times)
NO_SLAVE
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DEBT IS SLAVERY


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June 23, 2011, 01:08:38 AM
 #1

sources are telling me that there is chatter and likely action focused on  "killing btc" before it grows up, by card companies and their trade associations.
Visa and other usury based entities are nervous that if BTC is successful, that there will be many other copycats that pop up, that essentially kill
their debit transaction business.  Theres little fear on the credit side of things at the moment, because that is loaned money, but the debit drafts are another can of worms and there are billions in global fees to lose.

The banks and credit card companies have the security knowledge to pose a hostile threat to BTC based companies and exchanges.
Of course these same entities are in bed (or at least exchanging nude photos) with central governments, although they make it appear that the government is cracking down on their business with regulation.

My contacts believe that some of the recent attacks were orchestrated by groups with sophisticated understanding of market dynamics and exchange platforms. For instance, The trading on MT GOX was in a bullish break out pattern, meaning that the market was wound up and ready to move higher based on price action.  At the apex of this setup the attack was launched effectively killing the market dynamic at a critical point.

make of it what you will....

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CurbsideProphet
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June 23, 2011, 01:11:04 AM
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Do your sources hand out tin foil hats along with this sort of information?  Just curious.

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bitcoinminer
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June 23, 2011, 01:12:21 AM
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My sources are telling me that there is a reason I have a bottle of hand lotion near this computer...

Visa makes more in a day than the entire BTC economy is worth.  Stop believing/making up silly sources.  You just sound like a silly person.

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
Batouzo
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June 23, 2011, 01:13:31 AM
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Do your sources hand out tin foil hats along with this sort of information?  Just curious.

Yea, Banks and alike are known to be always trustworthy and never have any scandals related to lying, cheating, stealing, etc.

-EDITED-

Bitcoin is small now, but every big thing was small at some point. Why wait until it becomes unstoppable years later?
NO_SLAVE
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June 23, 2011, 01:15:54 AM
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like I said take it or leave it,  I CARE NOT
DamienBlack
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June 23, 2011, 01:16:35 AM
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My sources tell me aliens are using our hashing power for nefarious purposes. Make of it what you will. Take it of leave it.

I trade bitcoin options at https://bitoption.org/ ... Join me.
I play poker at https://betco.in/ ... Join me.
Support the bitcoin economy, what do you do?
Tips: 1NfXhiTFEdKQTdLy49s6DYAP1K7MeFWyao
bitcoinminer
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June 23, 2011, 01:16:43 AM
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Do your sources hand out tin foil hats along with this sort of information?  Just curious.

Yea, Banks and alike are known to be always trustworthy and never have any scandals related to lying, cheating, stealing, etc.

"Let's stop cashing in billions of dollars a year... there's an online currency worth literally millions of dollars, theoretically!"

I agree... this bank scandal has to be real.  This is the new derivatives scam.

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
Yankee (BitInstant)
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Charlie 'Van Bitcoin' Shrem


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June 23, 2011, 01:17:51 AM
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like I said take it or leave it,  I CARE NOT

I actually agree with your post, BTC is definitely an enemy of the credit card companies.

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
NO_SLAVE
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DEBT IS SLAVERY


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June 23, 2011, 01:19:14 AM
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obviously you cant read.  *OTHER COPYCAT SYSTEMS*

keywords: FREE, ANONYMOUS, FEES LOST, DERP, FUTURE, KILL PRECEDENT

GET IT?
bitcoinminer
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June 23, 2011, 01:19:43 AM
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like I said take it or leave it,  I CARE NOT

I actually agree with your post, BTC is definitely an enemy of the credit card companies.

Yes, I agree also.  I know personally the thing I hate about my credit cards is being able to dispute transactions and reverse them if I get screwed, and their complete lack of insecurity for the web interface.  I don't want to go through the hassle of typing in passwords or two factor authentication.  I'd rather if someone wants to borrow some money, they can just download my account info from Pirate Bay.

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
NO_SLAVE
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DEBT IS SLAVERY


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June 23, 2011, 01:21:50 AM
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check out the big donors to Shumer.

can you guess who?



bitcoinminer
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June 23, 2011, 01:23:56 AM
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check out the big donors to Shumer.

can you guess who?


I bet none of them are RICH WHITE PEOPLE WITH AN AGENDA!!!

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
tehcodez
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June 23, 2011, 01:24:20 AM
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Yo. Mama.

It's right there in the disclosures...

She's behind all tin-foil inducing stories....
bitcoinminer
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June 23, 2011, 01:25:23 AM
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Yo. Mama.

It's right there in the disclosures...

She's behind all tin-foil inducing stories....

Yo mama is so fat, she's almost as fat as yo OTHER MAMA that sleeps over on the weekend and wears timberlands and plaid shirts!!!

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
tehcodez
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June 23, 2011, 01:27:00 AM
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Hey, don't you talk about Shirley like that. Shirley is a very nice lady. All her biker friends are so kind to me.
bitcoinminer
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June 23, 2011, 01:27:47 AM
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Hey, don't you talk about Shirley like that. Shirley is a very nice lady. All her biker friends are so kind to me.

Well Shirley needs to stop stealing all the AA's from my xbox controller on friday nights!

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
Epinnoia
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June 23, 2011, 01:31:34 AM
 #17

sources are telling me
...
My contacts believe

Oh how lame is that?  Unnamed sources from unnamed places?  You figure that gives your prognostications more credibility?  

Those sources might as well be voices in your head, and probably are...


My first miner -> ATI 4550 (7.2 Mh/sec): 
https://www.facebook.com/groups/cryptospeculators/
Bunghole
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June 23, 2011, 01:31:47 AM
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I agree with the OP.  For anyone who thinks otherwise, I suggest you start reading books like "The Creature from Jekyll Island", which gives an exhaustive history of banking, which is rife with banksters going to any length to protect their government-sanctioned cartel (i.e. the Fed) from any possible threats.
bitcoinminer
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June 23, 2011, 01:37:24 AM
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If they were smart, they'd be allowing people to buy BTC with their credit cards... whether it succeeds or fails, they'd get their fees and interest.

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
tymothy
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June 23, 2011, 01:52:06 AM
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Do your sources hand out tin foil hats along with this sort of information?  Just curious.

Nope, the radio in his head comes in loud and clear without it.
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