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Author Topic: Looks like the end is near for scam coins/ICOs - the Feds are coming!  (Read 2622 times)
flapman1 (OP)
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October 28, 2014, 05:07:57 PM
 #1

Looks like the end is near for scam coins/ICOs.  Best dump out  and move into something safe and (hopefully) scam free like Dogecoin or Pandacoin, OpalCoin etc.  The Feds are coming ...

http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I don't want to hear how "this is crypto, anon, the government can't touch it". Right, but they can touch Bittrex, Cryptsy, etc. and "encourage" them to delist anything on their scam list ... And if the exchanges want to stand firm (like that will happen ...) good luck getting any real merchants to use a coin once they get a friendly call from a nice fellow in Washington.

Some might want to make fine distinctions between Exchanges, altcoins like Etherium, etc. but the guy on the phone with all the power in the cheap suit making $30,000 a year won't.  All the scammers love to put pics up from Wolf of Wallstreet.  Funny they never post pics from the end of that movie when it all went to hell. 

China has been itching around banning altcoins for years but hasn't taken the plunge ... exactly.  With the US taking the lead there won't be any stopping them.  Bye-bye Bter, etc.
rdnkjdi
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October 28, 2014, 05:09:12 PM
 #2

one can hope
lotosminer
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October 28, 2014, 05:12:03 PM
 #3

New World Order Smiley

Free SIGNs giving everyday. Be part, do not miss!. SqDH9nmCWyP1yUM9J3ZhUiQ9kc8aotqPZL
QORA | 2ND GEN | NEW SOURCE CODE | QZBa56NpqpodoZBqhE314m7VxQi7fR4atQ
solid12345
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October 28, 2014, 06:50:39 PM
 #4

The irony is there's been a far greater number of POW scam coins than ICOs. At least some of rex's ICOs people got their money back.
TaunSew
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October 28, 2014, 08:02:10 PM
 #5

Vitalik Buterin going to prison?  He's only 17  Cry  Cry  

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
MisterGreen
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October 28, 2014, 09:08:57 PM
 #6

Yada, yada, yada!  Cheesy

The US government doesn't lead the whole world. Why should all other countries follow the actions of the US?
In some countries crypto is accepted as "private money" and as long crypto currencies are paying their taxes for their business transactions, nothing will happen in that countries.

Good ole' Germany for example! Grin
2dogs
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October 28, 2014, 09:27:44 PM
 #7

Are you saying give up already?
Come on, war has just begun....
Palmdetroit
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October 28, 2014, 09:49:28 PM
 #8

Yada, yada, yada!  Cheesy

The US government doesn't lead the whole world. Why should all other countries follow the actions of the US?
In some countries crypto is accepted as "private money" and as long crypto currencies are paying their taxes for their business transactions, nothing will happen in that countries.

Good ole' Germany for example! Grin


Looks like we have a turd in the punchbowl, better watch:
https://www.youtube.com/watch?v=MGQaH3-LK54

Code:
'Merica
'Merica

'Merica, fuck yeah!
Coming again to save the mother fucking day, yeah
'Merica, fuck yeah!
Freedom is the only way, yeah

Terrorist your game is through 'cause now you have to answer too
'Merica, fuck yeah!
So lick my butt and suck on my balls
'Merica, fuck yeah!
What you gonna to do when we come for you now

It's the dream that we all share
It's the hope for tomorrow
Fuck yeah!

McDonalds, fuck yeah!
Wal-Mart, fuck yeah!
The Gap, fuck yeah!
Baseball, fuck yeah!

NFL, fuck yeah!
Rock and roll, fuck yeah!
The Internet, fuck yeah!
Slavery, fuck yeah!

Fuck yeah!

Starbucks, fuck yeah!
Disney world, fuck yeah!
Porno, fuck yeah!
Valium, fuck yeah!

Reebok's, fuck yeah!
Fake tits, fuck yeah!
Sushi, fuck yeah!
Taco Bell, fuck yeah!

Rodeos, fuck yeah!
Bed bath and beyond
Fuck yeah, fuck yeah

Liberty, fuck yeah!
White Slips, fuck yeah!
The Alamo, fuck yeah!
Band-aids, fuck yeah!

Las Vegas, fuck yeah!
Christmas, fuck yeah!
Immigrants, fuck yeah!
Popeye, fuck yeah!

Demarcates, fuck yeah!
Republicans
Fuck yeah, fuck yeah
Sportsmanship
Books

fr4nkthetank
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October 28, 2014, 09:57:43 PM
 #9

Looks like the end is near for scam coins/ICOs.  Best dump out  and move into something safe and (hopefully) scam free like Dogecoin or Pandacoin, OpalCoin etc.  The Feds are coming ...

http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I don't want to hear how "this is crypto, anon, the government can't touch it". Right, but they can touch Bittrex, Cryptsy, etc. and "encourage" them to delist anything on their scam list ... And if the exchanges want to stand firm (like that will happen ...) good luck getting any real merchants to use a coin once they get a friendly call from a nice fellow in Washington.

Some might want to make fine distinctions between Exchanges, altcoins like Etherium, etc. but the guy on the phone with all the power in the cheap suit making $30,000 a year won't.  All the scammers love to put pics up from Wolf of Wallstreet.  Funny they never post pics from the end of that movie when it all went to hell. 

China has been itching around banning altcoins for years but hasn't taken the plunge ... exactly.  With the US taking the lead there won't be any stopping them.  Bye-bye Bter, etc.

i think fraud is fraud whether you sell crypto investments or leaf blowers.  but internet is tricky
MisterGreen
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October 28, 2014, 10:34:49 PM
 #10

Yada, yada, yada!  Cheesy

The US government doesn't lead the whole world. Why should all other countries follow the actions of the US?
In some countries crypto is accepted as "private money" and as long crypto currencies are paying their taxes for their business transactions, nothing will happen in that countries.

Good ole' Germany for example! Grin


Looks like we have a turd in the punchbowl, better watch:
https://www.youtube.com/watch?v=MGQaH3-LK54

Code:
'Merica
'Merica

'Merica, fuck yeah!
Coming again to save the mother fucking day, yeah
'Merica, fuck yeah!
Freedom is the only way, yeah

Terrorist your game is through 'cause now you have to answer too
'Merica, fuck yeah!
So lick my butt and suck on my balls
'Merica, fuck yeah!
What you gonna to do when we come for you now

It's the dream that we all share
It's the hope for tomorrow
Fuck yeah!

McDonalds, fuck yeah!
Wal-Mart, fuck yeah!
The Gap, fuck yeah!
Baseball, fuck yeah!

NFL, fuck yeah!
Rock and roll, fuck yeah!
The Internet, fuck yeah!
Slavery, fuck yeah!

Fuck yeah!

Starbucks, fuck yeah!
Disney world, fuck yeah!
Porno, fuck yeah!
Valium, fuck yeah!

Reebok's, fuck yeah!
Fake tits, fuck yeah!
Sushi, fuck yeah!
Taco Bell, fuck yeah!

Rodeos, fuck yeah!
Bed bath and beyond
Fuck yeah, fuck yeah

Liberty, fuck yeah!
White Slips, fuck yeah!
The Alamo, fuck yeah!
Band-aids, fuck yeah!

Las Vegas, fuck yeah!
Christmas, fuck yeah!
Immigrants, fuck yeah!
Popeye, fuck yeah!

Demarcates, fuck yeah!
Republicans
Fuck yeah, fuck yeah
Sportsmanship
Books

I think you misunderstood my comment. I've referred it to OP's post spreading panic because of the action against crypto by the US government only.
I'am not against the USA, only against spreading FUD or panic about crypto.

So if i made you upset then i'am really sorry about that.

Jybrael
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October 28, 2014, 10:55:09 PM
 #11

Alternate Cryptocoins come out almost every day and not all of them are scam coins. A few were made with the intention of profit in mind by the developer but not every coin was created in order to scam the people. Also just because the US says something against Cryptocoins...doesn't mean the whole world or the people have to follow. It is up to you to decide whether you want to trade in them or not.
Spoetnik
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October 28, 2014, 11:01:19 PM
 #12

I TOLD YOU SO kiddiots.. ohh ohhhh they can't regulate us..... suuuuure  Roll Eyes
i am the smart one ..i said this was coming for a year and half douche nozzles !

FUD first & ask questions later™
flapman1 (OP)
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October 28, 2014, 11:29:54 PM
 #13

The world has a perfect right to tell the US to screw off.  Problem is that the major exchanges, financial centers, etc. are all in the US or if London or Tokyo linked into the US.  This is how sanctions on Russia work.  Volkswagen could care less for Ukraine but they do care about all the VWs sold in Texas so they play ball.  The Feds can shut off a crypto by pressuring merchants who use the coin and exchanges.  Back to VW: let's say they want to accept "Berlincoin" for new cars.  Berlincoin gets on the "bad list" for some reason or another.  VW has to decide to stick with Berlincoin or stick with sales in Texas ... There's plenty of safe coins (my oft mentioned Pandacoin, as safe as houses. Dogecoin despite a vague socialist odor, Litecoin, etc.)  This is a good thing.  The trash will be put out and the real projects with good (or at least not so bad) people behind them will dominate.  Rather like killing the weeds so the flowers grow.

Alternate Cryptocoins come out almost every day and not all of them are scam coins. A few were made with the intention of profit in mind by the developer but not every coin was created in order to scam the people. Also just because the US says something against Cryptocoins...doesn't mean the whole world or the people have to follow. It is up to you to decide whether you want to trade in them or not.
Zer0Sum
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October 29, 2014, 12:13:49 AM
 #14

...not all of them are scam coins.

This is not about "scam coins"... it's about selling unregistered securities to US citizens.

Most operations will get polite "cease and desist" letters inquiring about their registration status...
But it's likely PRO CRIMINALS like RealSolid will be facing extradition from Australia and serious jail time.

And a slew of people will go to jail for tax evasion...
The NSA/IRS probably knows the owner of 90% of the Top 1000 Bitcoin accounts.

*** Now is the time to write a detailed letter to the SEC and pile on the criminal scammers like RealSolid ***...
I'm actually gonna talk to my lawyer about this... there is $5 million up for grabs from the MCX Fraud.

This was always in the pipeline.

It took 2-3 years to prepare to take down Full Tilt Poker...
And it took 2-3 years to build up the FinCEN and IRS departments for this first crypto salvo.
old fart
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October 29, 2014, 12:27:55 AM
 #15

That sounds right. They can't just arrest people, they have to gather evidence first. That takes a long time, and it looks like they now have enough evidence to start arresting people.

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arteleis
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October 29, 2014, 12:39:41 AM
 #16

Looks like the end is near for scam coins/ICOs.  Best dump out  and move into something safe and (hopefully) scam free like Dogecoin or Pandacoin, OpalCoin etc.  The Feds are coming ...

http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/

https://www.cryptocoinsnews.com/sec-sends-inquiry-letters-hundreds-bitcoin-companies-unregistered-securities/

I don't want to hear how "this is crypto, anon, the government can't touch it". Right, but they can touch Bittrex, Cryptsy, etc. and "encourage" them to delist anything on their scam list ... And if the exchanges want to stand firm (like that will happen ...) good luck getting any real merchants to use a coin once they get a friendly call from a nice fellow in Washington.

Some might want to make fine distinctions between Exchanges, altcoins like Etherium, etc. but the guy on the phone with all the power in the cheap suit making $30,000 a year won't.  All the scammers love to put pics up from Wolf of Wallstreet.  Funny they never post pics from the end of that movie when it all went to hell. 

China has been itching around banning altcoins for years but hasn't taken the plunge ... exactly.  With the US taking the lead there won't be any stopping them.  Bye-bye Bter, etc.


 This post is beyond stupid.  I love All the inferred definitions all these threads have.

  1.  Cryptsy.  Already signed up and paid for to the FED.  They're on the books.  Fincen recognized..  Most dumb asses that call them cryptsy or morons that try to sue them for not securing their own computers should know that. .

2.  Ethereum.. is an ipo made to a Germany company. . Off limits. . This post is stupid.

3.  Bittrex. . Not just coins are on the list..  they are not registered... and are the host of dozens if not hundreds of unregistered securities to boot..  scam coins.. pffft. . They escrow the pot for security scams!  A new one everyday and are likely the cause of the complaint backlash on alts.    Shame bittrex shame...

4.  China following suit with us law?? Do you not know the reason why China was the first to outlaw bitcoin??  Man... start reading a bit.   Nonetheless thanks for this Potatoe pot full of morons.  It's fantastic.   I'd say honey pot.  But yall are swimming.. not sticking to nothing.  
   Always good for a laugh.

 

SILKCOIN - DARKSILK - SILKWEAVER - FREEDOM
old fart
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October 29, 2014, 01:05:34 AM
 #17



  1.  Cryptsy.  Already signed up and paid for to the FED.  They're on the books.  Fincen recognized..
 

Agreed, here's the link to their Fincen MSB search. You can find Cryptsy's results by searching with it's registration number 31000028408333

http://www.fincen.gov/financial_institutions/msb/msbstateselector.html

[ IQ ]           cash                           THE MASTERNODES CRYPTOCURRENCY
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[ LISTING ON : P2P [ P ] B2B ]  ◾  Discovering millionaires’ secret with IQ.cash
Palmdetroit
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October 29, 2014, 01:37:16 AM
 #18

Yada, yada, yada!  Cheesy

The US government doesn't lead the whole world. Why should all other countries follow the actions of the US?
In some countries crypto is accepted as "private money" and as long crypto currencies are paying their taxes for their business transactions, nothing will happen in that countries.

Good ole' Germany for example! Grin


Looks like we have a turd in the punchbowl, better watch:
https://www.youtube.com/watch?v=MGQaH3-LK54

Code:
'Merica
'Merica

'Merica, fuck yeah!
Coming again to save the mother fucking day, yeah
'Merica, fuck yeah!
Freedom is the only way, yeah

Terrorist your game is through 'cause now you have to answer too
'Merica, fuck yeah!
So lick my butt and suck on my balls
'Merica, fuck yeah!
What you gonna to do when we come for you now

It's the dream that we all share
It's the hope for tomorrow
Fuck yeah!

McDonalds, fuck yeah!
Wal-Mart, fuck yeah!
The Gap, fuck yeah!
Baseball, fuck yeah!

NFL, fuck yeah!
Rock and roll, fuck yeah!
The Internet, fuck yeah!
Slavery, fuck yeah!

Fuck yeah!

Starbucks, fuck yeah!
Disney world, fuck yeah!
Porno, fuck yeah!
Valium, fuck yeah!

Reebok's, fuck yeah!
Fake tits, fuck yeah!
Sushi, fuck yeah!
Taco Bell, fuck yeah!

Rodeos, fuck yeah!
Bed bath and beyond
Fuck yeah, fuck yeah

Liberty, fuck yeah!
White Slips, fuck yeah!
The Alamo, fuck yeah!
Band-aids, fuck yeah!

Las Vegas, fuck yeah!
Christmas, fuck yeah!
Immigrants, fuck yeah!
Popeye, fuck yeah!

Demarcates, fuck yeah!
Republicans
Fuck yeah, fuck yeah
Sportsmanship
Books

I think you misunderstood my comment. I've referred it to OP's post spreading panic because of the action against crypto by the US government only.
I'am not against the USA, only against spreading FUD or panic about crypto.

So if i made you upset then i'am really sorry about that.



apologies, it would appear my sarcasm has been lost. It's a good video none the less.

arteleis
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October 29, 2014, 02:01:52 AM
 #19

Yada, yada, yada!  Cheesy

The US government doesn't lead the whole world. Why should all other countries follow the actions of the US?
In some countries crypto is accepted as "private money" and as long crypto currencies are paying their taxes for their business transactions, nothing will happen in that countries.

Good ole' Germany for example! Grin


Looks like we have a turd in the punchbowl, better watch:
https://www.youtube.com/watch?v=MGQaH3-LK54

Code:
'Merica
'Merica

'Merica, fuck yeah!
Coming again to save the mother fucking day, yeah
'Merica, fuck yeah!
Freedom is the only way, yeah

Terrorist your game is through 'cause now you have to answer too
'Merica, fuck yeah!
So lick my butt and suck on my balls
'Merica, fuck yeah!
What you gonna to do when we come for you now

It's the dream that we all share
It's the hope for tomorrow
Fuck yeah!

McDonalds, fuck yeah!
Wal-Mart, fuck yeah!
The Gap, fuck yeah!
Baseball, fuck yeah!

NFL, fuck yeah!
Rock and roll, fuck yeah!
The Internet, fuck yeah!
Slavery, fuck yeah!

Fuck yeah!

Starbucks, fuck yeah!
Disney world, fuck yeah!
Porno, fuck yeah!
Valium, fuck yeah!

Reebok's, fuck yeah!
Fake tits, fuck yeah!
Sushi, fuck yeah!
Taco Bell, fuck yeah!

Rodeos, fuck yeah!
Bed bath and beyond
Fuck yeah, fuck yeah

Liberty, fuck yeah!
White Slips, fuck yeah!
The Alamo, fuck yeah!
Band-aids, fuck yeah!

Las Vegas, fuck yeah!
Christmas, fuck yeah!
Immigrants, fuck yeah!
Popeye, fuck yeah!

Demarcates, fuck yeah!
Republicans
Fuck yeah, fuck yeah
Sportsmanship
Books

I think you misunderstood my comment. I've referred it to OP's post spreading panic because of the action against crypto by the US government only.
I'am not against the USA, only against spreading FUD or panic about crypto.

So if i made you upset then i'am really sorry about that.



apologies, it would appear my sarcasm has been lost. It's a good video none the less.

Sarcasm.  Never. Goes.  To.  Waste. 

SILKCOIN - DARKSILK - SILKWEAVER - FREEDOM
sidhujag
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October 29, 2014, 02:06:42 AM
 #20

Want to do an ico or ipo? Use bitshares decentralized exchange and use
bitusd or btc or gold or anything...
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