we're going to be discussed at the world bank 6/14

[Richy_T]

Q&A Session at the world bank:

Q: Do Bit-Coins have "value" ?

A: Yes, but only on the "Inter-Net".

For buying Pedo-Files

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[Akka]

just saw this on twitter

I hope they obtained the appropriate rights to use that image. It's one of Casascius's I think?

Sad thing is this is from the free to use Pictures of the http://bitcoin.org/en/bitcoin-for-press page.

So (even if very very little) we helped them in preparing this event. 

[Matthew N. Wright]

oh gaud, its already beginning:  http://www.prnewswire.com/news-releases/a-new-virtual-economy-poses-new-challenges-in-fighting-child-pornography-and-child-exploitation-211404651.html

ok that was fast. just wait for the shitstorm.
phase one: negative media coverage

That's so weird. "Bitcoin" isn't mentioned anywhere in the entire body. It's either obviously talking about bitcoin and almost purposely trying not to mention it, or it's not talking about bitcoin and there is a PedoCoin from 4chan we're not aware of yet.

[Richy_T]

That's so weird. "Bitcoin" isn't mentioned anywhere in the entire body. It's either obviously talking about bitcoin and almost purposely trying not to mention it, or it's not talking about bitcoin and there is a PedoCoin from 4chan we're not aware of yet.

Innuendo is more difficult to refute than direct accusations.

[hlynur]

Speakers

• Jason Thomas, Thomson Reuters

http://blog.thomsonreuters.com/index.php/disruptive-technology-at-the-washington-ideas-forum/

this particular game let’s you reenact the American Revolutionary War. Yeah, it’s awesome.

he's playing assassin's creed III?
what a way to introduce to disruptive technology.

Do you know what's more awesome?

[RodeoX]

I'm a little wary of them connecting this to exploited children. That is a classic pretext these days, second only to fear mongering about terrorism.

[Rampion]

I'm a little wary of them connecting this to exploited children. That is a classic pretext these days, second only to fear mongering about terrorism.

Well, it's expected. Look at the speakers. They are not policemen. They are not politicians. They are the guys working for those who pull the strings, the core enemies of Bitcoin: the FED and its proxies.

Let them try to link Bitcoin with pedophiles. Like USD is not the official currency in the black market. In any case,  we are ready and waiting. Bitcoin is fearless.

[600watt]

Over all I'm positively surprised:

What are the threats and opportunities associated with this new payment

Didn't expect to even see this word on their agenda.

there is some pro bitcoin lobbying going on already.
when they took down LR they had a press conference and towards the end of that press conference they said they are not aiming at btc and they see the opportunities. some of those guys hopefully hold some coins...

[Matthew N. Wright]

In any case,  we are ready and waiting. Bitcoin is fearless.

Unfortunately also classless and full of get rich quick schemers. We really need a mass adoption quick to level the playing field. It's harder to call bitcoin a "scam that only pot head nerds use" when political figures, movie stars and major businesses are using it too.

[freedomno1]

oh gaud, its already beginning:  

http://www.prnewswire.com/news-releases/a-new-virtual-economy-poses-new-challenges-in-fighting-child-pornography-and-child-exploitation-211404651.html

Oh damn good point out Can't help but thinking this will be spinned bad

DEMAND OUR PR GROUP!!!!

[hlynur]

I'm a little wary of them connecting this to exploited children. That is a classic pretext these days, second only to fear mongering about terrorism.

perhaps i'm a bit too naive here
but watching silicon valley already being involved into the game i'd suggest that
they're going some way between to pretend everything's under control while at the same time not harming these business opportunities too much.
that could at least be an explanation that btc isn't mentioned directly in every article.

edit: or am i wrong about silicon valley being that important?

[freedomno1]

Things are happening behind closed doors.

as usual...  

Yep and behind those closed doors real opinions don't matter

The issue is complex. The global payments market continues to evolve. Technology is changing the very nature of money and has prompted the creation of a new Internet-based financial system. Alternative payment methods and digital currencies are being widely used today. Most of those who use this new financial system are not criminals.

However, this new system is unregulated and has become a preferred venue for the sale of illicit drugs, weapons, and for those who are involved in commercial child sexual exploitation. This virtual economy includes anonymous payment systems, digital currencies, and bulletproof hosting service providers which enable users with the ability to upload, store, and distribute content with little risk.

(Just focusing on the negatives equates to fear mongering)
It can promote terrorism (So can HBC lol)
It can trade porn and drugs (So can money)
Think of the children (Think of all the third world problems it could solve)
Think of the dark net (Silk road is less than 0.1% of trade now I believe)
We must monitor it (Sure just like the CIA watches whatever we do without permission)

Fear begets Fear unfortunately a bad PR campaign can stall something that should be obvious
Bitcoin has a lot more good than bad
But throwing the children card that's just low

On another note
This could be a battle between generations as well (Old System vs New Systems)

[lucas.sev]

Things are happening behind closed doors.

as usual...  

Yep and behind those closed doors real opinions don't matter

The issue is complex. The global payments market continues to evolve. Technology is changing the very nature of money and has prompted the creation of a new Internet-based financial system. Alternative payment methods and digital currencies are being widely used today. Most of those who use this new financial system are not criminals.

Let's forget about speculation for a moment, as well as mining. What do you think is main USE of bitcoin? On what it is being it is being SPENT? Just want to hear your opinion.

[Matthew N. Wright]

Things are happening behind closed doors.

as usual...  

Yep and behind those closed doors real opinions don't matter

The issue is complex. The global payments market continues to evolve. Technology is changing the very nature of money and has prompted the creation of a new Internet-based financial system. Alternative payment methods and digital currencies are being widely used today. Most of those who use this new financial system are not criminals.

Let's forget about speculation for a moment, as well as mining. What do you think is main USE of bitcoin? On what it is being it is being SPENT? Just want to hear your opinion.

Alpaca socks of course... Laced with cocaine, dipped in child porn, and sprinkled in fraudulent investment schemes.

[molecular]

oh gaud, its already beginning:  http://www.prnewswire.com/news-releases/a-new-virtual-economy-poses-new-challenges-in-fighting-child-pornography-and-child-exploitation-211404651.html

That's it for me. I'm done. I just flushed all my dollar bills down the toilet because I found out that murder for hire, prostitution and drugs are purchased with dollars more than any other currency. I won't be a part of the dollar system any more!

This insight doesn't matter. The media will make the connection "bitcoin" <-> "cp" just as they made the connection "anarchy" <-> "chaos" for example in peoples heads. Doesn't work by using rational thinking.

[teknohog]

what's a Bit-Coin?

It's the Dr. Evil version of Bitcoin, just like the ''La-Ser''.

[aigeezer]

just saw this on twitter
....

• Ernie Allen, International Centre for Missing & Exploited Children

...

Hmm. What is he doing in a World Bank forum?, and look at what this site thinks of him...
http://bringvarvarahome.org/ernie_allen.php

+1

is it because of the story with pedo-links in the blockchain?
i would understand if DEA or something similar sent a guy because of SR.
but i don't get that connection.
it really just screams smear campaign to me.
(this guy simply doesn't fit into that list with all the other financial people)

or he's just arranging the aftershowparty

Did we ever learn details of the "pedo-links in the blockchain" story?

Did some kid plant them for lulz?... or was it these guys setting up their "catch"?

The story always seemed odd to me - I couldn't see why any "real" pedo-types would bother fiddling with the blockchain. I still can't.

[molecular]

That's so weird. "Bitcoin" isn't mentioned anywhere in the entire body. It's either obviously talking about bitcoin and almost purposely trying not to mention it, or it's not talking about bitcoin and there is a PedoCoin from 4chan we're not aware of yet.

hmm. Would it be possible to defend Bitcoin by actually inventing PedoCoin and somehow diverting all the smear? "no no, that's 'PedoCoin', not 'Bitcoin'. Those journalists got that wrong".

[Akka]

Alpaca socks of course... Laced with cocaine, dipped in child porn, and sprinkled in fraudulent investment schemes.

Year, I always launder those together with my money. Gives them that special touch.

[molecular]

Let's forget about speculation for a moment, as well as mining. What do you think is main USE of bitcoin? On what it is being it is being SPENT? Just want to hear your opinion.

Ok, I'll give you what you want to hear, because I think it's at least partly true: The main area where cryptographic transactions shine (because there is no other solution anywhere near as useful) is online black markets for illegal goods and services.

However please consider: when talking sr, bitcoin is only used for "transmission" and users complain about volatility (they'd rather just have fiat balance on sr).

But bitcoin is also a money and a damn good one, too.

That's the other true part: Bitcoin is being used as a store of wealth.

tldr: it's SPENT on drugs, it's STORED for preservation of wealth. Which of these two makes use of more coins?