Chase bank not feeling comfortable

[Peter Todd]

watching now, noticed this comment; He is correct;  http://en.utrace.de/?query=visa.ca
I'm impressed at how he's complaining at 2:29 that MtGox is hosted as a "den of criminal activity". From my computer the IP address for mtgox.com is 72.52.5.81, while the IP address of visa.ca is 72.52.5.150... They're just both hosted by Prolexic, a very well known anti-DDoS specialist.

And sure enough they've closed comments on the youtube video: www.youtube.com/watch?v=JGEppgLna8U

Also, their own website, www.lgscout.com, is hosted on Cloudflare, which as of today is the same hosting service that wikileaks uses.

[1713272514]

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[cypherdoc]

watching now, noticed this comment; He is correct;  http://en.utrace.de/?query=visa.ca
I'm impressed at how he's complaining at 2:29 that MtGox is hosted as a "den of criminal activity". From my computer the IP address for mtgox.com is 72.52.5.81, while the IP address of visa.ca is 72.52.5.150... They're just both hosted by Prolexic, a very well known anti-DDoS specialist.

And sure enough they've closed comments on the youtube video: www.youtube.com/watch?v=JGEppgLna8U

Also, their own website, www.lgscout.com, is hosted on Cloudflare, which as of today is the same hosting service that wikileaks uses.

Lol!

[goxed]

‎"Most bankers are decent, honorable people." according to JP Morgan CEO Jamie Dimon. I think I love psychopaths who smoke crack!

https://bitcointalk.org/index.php?topic=100587.msg1098252#msg1098252

[Herodes]

watching now, noticed this comment; He is correct;  http://en.utrace.de/?query=visa.ca
I'm impressed at how he's complaining at 2:29 that MtGox is hosted as a "den of criminal activity". From my computer the IP address for mtgox.com is 72.52.5.81, while the IP address of visa.ca is 72.52.5.150... They're just both hosted by Prolexic, a very well known anti-DDoS specialist.

And sure enough they've closed comments on the youtube video: www.youtube.com/watch?v=JGEppgLna8U

Also, their own website, www.lgscout.com, is hosted on Cloudflare, which as of today is the same hosting service that wikileaks uses.

Not surprising they closed the comment section. This is actually quite annoying, not personally, but for the truth. Seeing a lot of conmen do operate on youtube, and they often close down comments, or moderate comments before they're allowed. Most people look at a video and can see whether it's BS or not, but for those who can't, the comments and ratings should really be there to give a clue.

Perhaps there should be a rule on youtbe that once a video has reached a certain amount of negative feedback, it should not be possible to remove it ? I see charlatans use the method of denying video comments and down votes, and only letting through positive comments all the time.

These bankers were prolly shocked when they saw the massive negative feedback they received.

Someone should rip that video and put it on another account, with open comments and ratings. It obv. needs to be a throwaway-account, as it's going to be closed pretty soon.

First they ignore you, then they laugh at you, then they fight you, then you win.

We're certainly past the ignore phase, not sure which phase we're in now. Not sure if that video can be qualified as 'laughing at us' or 'fighting us'. If it was a fight attempt, it was a pitty one.

‎"Most bankers are decent, honorable people." according to JP Morgan CEO Jamie Dimon. I think I love psychopaths who smoke crack!

https://bitcointalk.org/index.php?topic=100587.msg1098252#msg1098252

Yes, very decent people:
http://www.dailymail.co.uk/news/article-2174785/HSBC-scandal-Britains-biggest-bank-let-drug-gangs-launder-millions--faces-640million-fine.html
http://www.bbc.co.uk/news/business-18704603

Just figured we could report the channel to youtube.

Would any of these fit?

What is the issue?

    Harassment and Cyberbullying
    Impersonation
    Violent Threats
    Child Endangerment
    Hate Speech Against a Protected Group
    None of these are my issue

Could it be dubbed as 'Hate Speech Against a Protected Group' ? LOL.

[molecular]

Don't steal, defraud, launder money, manipulate markets or setup ponzi schemes,

The banks hate competition.

hahaha, awesome. make a t-shirt!

[mobile4ever]

Let me put this quote from Lord Acton here:

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."

http://quotes.liberty-tree.ca/quote/acton_quote_b723


Believe it or not, he is the same guy who came up with:


"Power tends to corrupt, and absolute power corrupts absolutely."


https://en.wikipedia.org/wiki/John_Dalberg-Acton,_1st_Baron_Acton

[unclescrooge]

Banks aren't the problem, coercitive power is.

[drrussellshane]

Banks aren't the problem, coercitive power is.

Yeah but banks don't fuckin' help.

[cypherdoc]

Banks aren't the problem, coercitive power is.

Yeah but banks don't fuckin' help.

no, banks ARE the problem.

[unclescrooge]

Banks aren't the problem, coercitive power is.

Yeah but banks don't fuckin' help.

No, they do as everyone else: they try to use the power to their advantages (and they succeed at it better than most).

They were a french economist who once said: "L'Etat est cette gande fiction à travers laquelle chacun essaie de vivre au dépend de tout le monde"

(which translates to: "The State is this big illusion with wich everyone is trying to live at the expenses of everybody else").

THAT is the problem my friends. Yes I hate banks because they are suckers who ruined everyone. But I know how they managed that.

[cypherdoc]

Banks aren't the problem, coercitive power is.

Yeah but banks don't fuckin' help.

No, they do as everyone else: they try to use the power to their advantages (and they succeed at it better than most).

They were a french economist who once said: "L'Etat est cette gande fiction à travers laquelle chacun essaie de vivre au dépend de tout le monde"

(which translates to: "The State is this big illusion with wich everyone is trying to live at the expenses of everybody else").

THAT is the problem my friends. Yes I hate banks because they are suckers who ruined everyone. But I know how they managed that.

depends on where you put CB's into that scheme.  personally, i place them closer if not within the banking system itself moreso than on the gov't side of things.  here in the US, the Fed slid itself into the equation right before Christmas 1913 while much of Congress was adjourned but that doesn't excuse every politician since whose figured out how to exploit them for their own benefits as well.

[unclescrooge]

Banks aren't the problem, coercitive power is.

Yeah but banks don't fuckin' help.

No, they do as everyone else: they try to use the power to their advantages (and they succeed at it better than most).

They were a french economist who once said: "L'Etat est cette gande fiction à travers laquelle chacun essaie de vivre au dépend de tout le monde"

(which translates to: "The State is this big illusion with wich everyone is trying to live at the expenses of everybody else").

THAT is the problem my friends. Yes I hate banks because they are suckers who ruined everyone. But I know how they managed that.

depends on where you put CB's into that scheme.  personally, i place them closer if not within the banking system itself moreso than on the gov't side of things.  here in the US, the Fed slid itself into the equation right before Christmas 1913 while much of Congress was adjourned but that doesn't excuse every politician since whose figured out how to exploit them for their own benefits as well.

Yes, I do agree it's an incestuous relation they have, politicians and banksters :/

[cypherdoc]

this may explain why bitinstant took chase off their website...... bitinstant - would you like to confirm/deny?

oh really?  so we're getting reverse cancellations?  sweet! 

[mb300sd]

Uh-oh.  A black helicopter just flew low over my house.  Better put on the aluminum gold foil hat.  (Tin foil is for pussies).

Fixed.

[molecular]

this may explain why bitinstant took chase off their website...... bitinstant - would you like to confirm/deny?

oh really?  so we're getting reverse cancellations?  sweet! 

hah! awesome, now banks will have to think twice in order not to loose their valuable relationships to bitcoin businesses

[Herodes]

Since they removed comments from that video, they were probably embarassed and unhappy with the comments they received.

However, this had me thinking:

Apparently they've built a 500m USD data centre.

What do you think of the possibility of chase bank wanting to spend a lot of money to destroy bitcoin with computional power alone ? Do you see any scenarios where they could succeed in doing this ?

What if they gained 51% or more of the network hash rate?

There's some information about this here:
http://gavintech.blogspot.no/2012/05/neutralizing-51-attack.html

It seems if someone was throwing enough money at the problem that the bitcoin network could effectively be halted by a 51% attack.

Do you people think that any banks sees bitcoin as a large enough threat to throw millions of dollars at it to make a 51% attack happen ? As I see it, it's not impossible to do, but they would need to hire some operators and devs that really understands bitcoin and that's willing to do this for hire. Also, what if said bank is catched doing something like this, how damaging would it be ?

Would we have any kind of countermeasures against this, and is there any pre-warning systems in place ?

Is this a real threat, or just a theoretical one ?

Seems like they have trillions of USDs in assets: http://en.wikipedia.org/wiki/JPMorgan_Chase

Thoughts?

[Gabi]

With 10 millions $ they can do a 51% attack and fuck bitcoin

[mobile4ever]

it would hit the mainstream media who would hit the banks hard as that kind of thing is good for the ratings.

They own the media too, so the ungeeked (most of the world) would not find out.

[Gabi]

Then they would call the four knights of the infocalypse on bitcoin and the public would be "omg let's hope they arrest that bitcoin guy, have you heard for what bitcoin is used?"

[The-Real-Link]

I suppose I see their concern in the video but there were a couple interesting points:

1.  Bitcoin is tied to hosting companies...  Obviously fale.
2.  Bitcoin is a ZOMG HUGE threat.  With it's 5K of points VS Money Laundering's 210K points, yeah *coughs*.
3.  Just because the servers are tied together with so-called illicit activities of other criminal sites doesn't make BTC criminal.  Maybe "people" just picked really bad hosting providers.

But yeah it just sounds like again they're spreading doubt and so forth and really don't seem to understand or even try to view the other side of the coin - instead only the pretense that because BTC is tied to seemingly criminal activity that thus, it *must* defacto be a bad thing.