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Author Topic: FUD or truth? Counterparty Team warns of FinCen penalties for bitcoin companies  (Read 2685 times)
Wandererfromthenorth (OP)
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October 10, 2014, 10:24:56 AM
Last edit: October 10, 2014, 10:49:46 AM by Wandererfromthenorth
 #1

I have no idea if this is legit or not, few people are talking about it, what do you make of this?


http://www.reddit.com/r/BitcoinMarkets/comments/2iu5xc/caution_counterparty_team_warns_of_fincen/


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October 10, 2014, 10:26:44 AM
 #2

Doesn't look good.






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October 10, 2014, 10:28:41 AM
 #3

Guys! I think it is time to short!  Roll Eyes

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Wandererfromthenorth (OP)
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October 10, 2014, 10:38:28 AM
 #4

Guys! I think it is time to short!  Roll Eyes
Stop thinking that everyone here is talking their book, just inspect the evidence and make an idea for yourself.
Be objective.
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October 10, 2014, 10:42:50 AM
 #5

You're talking about the second largest economy, right? Their economy is falling faster than bitcoin anyway.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 10, 2014, 10:44:32 AM
 #6

RIP Counterparty.
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October 10, 2014, 10:48:52 AM
 #7

It sounds like rumors at present. Nobody seems to know if it's FUD or truth yet.

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October 10, 2014, 11:03:33 AM
 #8

*tinfoil hat* Coincidentally just as overstock announces Counterparty integrating stock exchange replica...
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October 10, 2014, 11:37:50 AM
 #9

Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.
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October 10, 2014, 12:22:38 PM
 #10

So maybe the 30k guy knew about this and sold?






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                          "Y88888P"
                            "Y8P"
                              "

Free TON





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▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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October 10, 2014, 12:30:38 PM
 #11

May or may not be truth, but clearly presented with FUDdish agenda on reddit
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October 10, 2014, 12:34:32 PM
 #12

what about the other companies?

if bad companies/scammers then bullish
if good companies then bearish

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October 10, 2014, 12:51:33 PM
 #13

Btcdrak (developer of Viacoin working with Peter Todd) confirms having heard this few weeks ago.


https://twitter.com/btcdrak/status/520548000243126273
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October 10, 2014, 01:54:42 PM
 #14

Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
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October 10, 2014, 02:05:02 PM
 #15

Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

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October 10, 2014, 02:14:49 PM
 #16

Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  Grin

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October 10, 2014, 02:22:34 PM
 #17

Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  Grin
I agree a short position right now would be wise. But a substantial long position on nem(see signature) would be much more profitable even with the decline of bitcoin. Il quote this post again in exactly one month. Wink 2.0 coins ain't a scam and making that assumption is going to come back and bite pretty hard.

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October 10, 2014, 05:28:30 PM
 #18

Quote
[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  Grin
I agree a short position right now would be wise. But a substantial long position on nem(see signature) would be much more profitable even with the decline of bitcoin. Il quote this post again in exactly one month. Wink 2.0 coins ain't a scam and making that assumption is going to come back and bite pretty hard.

Please please please do come back and quote this after whatever scam coin you're advertising dies in a few weeks. 2.0 coins are certainly a scam, they have no uses except buying bitcoins with them. You can't buy actual things with any of the altcoins. Until the day they do, no Altcoin will ever even attempt to approach bitcoin.
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October 10, 2014, 06:06:17 PM
 #19

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[6:08:29 PM] taariq lewis: If you are in USA and you run a Bitcoin Business that issues tokens and you are not registered with FinCen, expect these fines to be established guidelines going forward

RIP, scamcoins.

2nd gen coins are mostly scamcoins (if not all)
it's the unregistered businesses that issue shares on the asset exchange that are at risk, not the technology itself. You don't fine the fiat system(or the Fed) when someone commits fraud do you? So it's not the platform that is at risk, again it's the companies that issue illegal securities on the platform.

but i am short bitcoins!  Grin
I agree a short position right now would be wise. But a substantial long position on nem(see signature) would be much more profitable even with the decline of bitcoin. Il quote this post again in exactly one month. Wink 2.0 coins ain't a scam and making that assumption is going to come back and bite pretty hard.

While I don't believe BTC will be the be-all and end-all when it comes to cryptocurrency.  I don't see current stable of 2.0 coins being the ONE.
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October 10, 2014, 06:11:05 PM
 #20



should I be worried?
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