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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1977655 times)
justusranvier
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April 01, 2015, 07:17:13 PM
 #22381

most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope.  the last couple of days worth of SR reading surely should highlight how deep the corruption runs into our gvt agencies that were supposed to help and protect the public good.  they have morphed into just the opposite; a threat feeding off the free money and the masses.  this is why the inflation/deflation debate is a non-starter. the current inflationary system is corrupt and serves a small financial elite who control the money supply or who are in important authoritarian positions as were the 2 agents.  those of us early Bitcoin adopters are not demanding a new system that allows us to replace those corrupt individuals; all we want is a fair system.  what we've done is also put our money where our mouths are; into a risky new currency that introduces a level playing field for all involved.  it could just as easily fail.  but at this pt i think it is highly unlikely given how far we've come.  the cat is out of the bag and Bitcoin is stimulating concerned discussions in all gvts worldwide.  there is enough decentralization at this pt where no one gvt can shut it down.  the corruption has got to stop.
There is quite a bit of propaganda devoted toward distracting people from the value of honest money.

A lot of people have a vested interest in making sure the masses never recognize that is Bitcoin's killer app.
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April 01, 2015, 07:25:56 PM
 #22382

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

Could that have anything to do with the fact that bitcoin is used mainly to commit various flavors of crime?  I mean, Bitcoin Foundation's Vice Chairman is doing time for money laundering Undecided
cypherdoc
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April 01, 2015, 07:32:57 PM
 #22383

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most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

Could that have anything to do with the fact that bitcoin is used mainly to commit various flavors of crime?  I mean, Bitcoin Foundation's Vice Chairman is doing time for money laundering Undecided

you're confounding the dishonest users of Bitcoin from the protocol itself which cannot be exploited to alter it's preprogrammed supply unlike we have now with fiat.
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April 01, 2015, 07:48:09 PM
 #22384

Although trading has not begun for the fund, there are already several pending orders, Sonnenshein said, with the lowest bid at $20 and the highest topping $35. The latter offer would value a bitcoin at more than $350. The cryptocurrency traded around $244 Monday afternoon.

"That's a pretty meaningful premium," Silbert said, explaining that the business model calls for the share price to eventually come closer to reflecting the trading price of bitcoin. For now, however, he said he expects that investors will be willing to pay some premium for BIT shares because it offers them ease of use and storage.


http://www.cnbc.com/id/102549768
justusranvier
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April 01, 2015, 07:48:41 PM
 #22385

you're confounding the dishonest users of Bitcoin
The worse of which, apparently, are federal law enforcement agents.
msin
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April 01, 2015, 07:53:07 PM
 #22386

you're confounding the dishonest users of Bitcoin
The worse of which, apparently, are federal law enforcement agents.

True, but Shrem isn't doing Bitcoin any favors, the foundation needs to distance themselves from him.  Anyone who is stupid enough to commit a crime should go.  For all we know, he could have become the next Karpeles had he not been busted for laundering.
justusranvier
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April 01, 2015, 07:59:42 PM
 #22387

True, but Shrem isn't doing Bitcoin any favors, the foundation needs to distance themselves from him.
Did you really just put a man who ran an honest business that harmed no one in the same moral category as two gangsters who ran an extortion racket under the colour of law?
msin
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April 01, 2015, 08:04:46 PM
 #22388

True, but Shrem isn't doing Bitcoin any favors, the foundation needs to distance themselves from him.
Did you really just put a man who ran an honest business that harmed no one in the same moral category as two gangsters who ran an extortion racket under the colour of law?

Yes
justusranvier
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April 01, 2015, 08:11:14 PM
 #22389

True, but Shrem isn't doing Bitcoin any favors, the foundation needs to distance themselves from him.
Did you really just put a man who ran an honest business that harmed no one in the same moral category as two gangsters who ran an extortion racket under the colour of law?

Yes
Thank you for contributing to the general decay of ethics, law, and civilization, asshole.
msin
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April 01, 2015, 09:02:12 PM
 #22390

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Thank you for contributing to the general decay of ethics, law, and civilization, asshole.

I'm a little confused.  Are you defending Shrem here?  Because what you just wrote actually describes Shrem quite well.  I've met he guy several times, have you?
cypherdoc
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April 01, 2015, 10:20:15 PM
 #22391

The Bottom Line: State and local governments in the U.S. have begun to toy with the idea of accepting Bitcoin as payment for taxes and fees. Should this trend take off, the added legitimacy of government approval will push the price of Bitcoin higher.

http://www.nasdaq.com/article/the-price-of-bitcoin-is-about-to-get-a-little-government-help-cm461318
cypherdoc
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April 01, 2015, 10:44:16 PM
 #22392

Heads up

https://blockchain.info/charts/n-transactions?status=moon
justusranvier
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April 01, 2015, 10:52:30 PM
 #22393

I'm sure this EO will never be misused...

https://www.reddit.com/r/Bitcoin/comments/31443f/donating_to_snowden_is_now_illegal_and_the_us/
cypherdoc
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April 01, 2015, 11:17:49 PM
 #22394


Seems like there's a small difference in opinion:

http://m.youtube.com/watch?v=JXplakuhjL8
marcus_of_augustus
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April 01, 2015, 11:58:05 PM
 #22395

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.

cypherdoc
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April 02, 2015, 12:06:54 AM
 #22396

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.

surely you are not talking about these pallet fulls of Bitcoin.  are you?:

cypherdoc
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April 02, 2015, 12:28:44 AM
 #22397

this sounds generally positive:

"Regarding FATF’s proposal, she said: "In a way the organisation is supportive of bitcoin businesses and them not being denied bank accounts. I think that there is also concern that by denying [bank accounts to] whole industries or sectors of industries there is the unintended consequence of driving the money transmission systems underground."

http://bitcoinvox.com/article/1581/fatf-proposed-new-aml-guidelines
rocks
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April 02, 2015, 12:32:51 AM
 #22398

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.

One might say it has been easier to identify crimes with Bitcoin, which is why there are so many instances of Bitcoin and "illegal" activity in the news. Many of the major scammers & criminals have been found and caught (Pirate's BS&T, Silk Road, etc).

So it is simply a matter of confirmation basis. It has been easier for the government to track down bitcoin transactions, than cash transactions, so there is more crime in the news on bitcoin.

Take the latest DEA and Secret Service theft. This happens ALL THE TIME, it is STANDARD in some districts. But now with Bitcoin they got caught. If you have been following this it is crazy how open and unprofessional the theft was. The only explanation is with cash and other physical assets it has been so easy to just pocket shit that government agents never even had to bother with being careful.

But with bitcoin they got caught (apparently because the government has already learned how to monitor/track the blockchain).

Is this crime a negative statement on bitcoin? Or is bitcoin simply bringing to light corruption that is already there. I believe it is the later.
rocks
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April 02, 2015, 12:35:04 AM
 #22399

this sounds generally positive:

"Regarding FATF’s proposal, she said: "In a way the organisation is supportive of bitcoin businesses and them not being denied bank accounts. I think that there is also concern that by denying [bank accounts to] whole industries or sectors of industries there is the unintended consequence of driving the money transmission systems underground."

http://bitcoinvox.com/article/1581/fatf-proposed-new-aml-guidelines

Tell that to the porn or gun industries. Lots of them have been denied banking services or have to pay through the roof for them.
cypherdoc
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April 02, 2015, 12:45:11 AM
 #22400

Or is bitcoin simply bringing to light corruption that is already there. I believe it is the later.

yes, it has to be.

when one reads the documents carefully, it's clear that the brazenness with which these guys operated implied a certain level of comfort, familiarity, and hubris with the process that repeated itself numerous times during those months.
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