mayabong

As a Bitcoin person I applaud your efforts.

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2013

true shit

Fat Panda

bitcoin will be getting shutdown very soon.

srockhard

I don't know if your statement even makes any cents.

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Piper Pines

mayabong

Maybe you should start a thread on trying to shut it down.

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Supz

not really. this only matter for people who actually have bitcoins. most people dont. I dont think people are going to wire money into mtgox and put there money into an internet currency that fluctuates in price just so they can signup for a filesharing site to get better speeds.

Creatine

I agree completely. I don't think you can ever permanently shut down all of them.

Many are switching to bitcoin and a lot of them will simply become more lucrative. Private communities invite only type of shit.

Even if file lockers were shut down for good, everyone will begin torrenting more.

mayabong

Gox isn't the only way to get Bitcoins. You aren't looking very far in the future. The number of Bitcoin users has grown exponentially over the last couple months, it will only keep growing and growing.

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pimpmaster9000

yes yes bitcoins are so convenient

why do this:
creditcard------->pay

when you can do this:

learn about e-currency------->become oblivious to the money laundering aspect---->pay with credit card or bank wire and wait 2 weeks for mtgox-------->pray the price does not fluctuate in the mean time so that you have enough to pay for services------->wank to free porn!


bitcoins have the same future as file lockers

baddog

I don't know that I agree with you very often, but you nailed it this time.

NewNick

Fool.

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Paul

If Mt Gox had any sense they'd be scrambling to find a Chinese bank to do business with, the moment China showed their support for Bitcoin was the moment Bitcoin was doomed in the West.

Only a matter of time before pressure is applied by US on the remaining Bitcoin exchanges bank accounts and the price will go back down below $10

Dirty F

Another person with no clue whatsoever who thinks he knows what will happen to Bitcoin.

Do you realize if it gets big in China it will be big everywhere?
The price in China of 1 Bitcoin won't be different than in the US.
Oh and the biggest exchange (80%) is in Japan you idiot.
The US can shut down all they want, they don't control the Bitcoin.

I ask again:
Don't you people get bored of looking like clueless idiots over and over and over again?

You people are in every fucking Bitcoin post talking shit about it while you have no clue, absolutely no clue what you are talking about.

Doesn't it bother you at all?

Dirty F

Amazing...so Bitcoin gets big in China but useless in the west

Where do you come up with this shit?

DWB

That very well may be the dumbest thing ever posted on the internet.

Can't say I'm surprised it came from you.

Here are some other things that got big in China: Slave labor, buying crabs from vending machines, Mandarin, Cantonese, moon cakes, jade, one child policy, internet censorship, workers living in the factories they work at, shark fin soup, and tea picked by the mouths of virgins.

Still waiting for them to take off elsewhere, because I have a lot of money wrapped up in tea picked by the mouths of virgins. The potential for profit there is astronomical.

AdultKing

Will bitcoin protect file lockers and their owners from having their domains seized, assets frozen, hosting cut off or liberty curtailed when they are arrested ?

The answer is no.

If you think the efforts of the Stop File Lockers project end at cutting off payments then you're deluded.

pimpmaster9000

it happened to e-gold a long time ago...this exact scenario...

icegold was e-golds mtgox...it was in lithuania if my memory serves me well...

it basically took a few phone calls from the US government to lithuanias finance minister and he basically offered icegold to retire or go to prison so they did....the end...

china,albania,nigeria it does not matter, any serious bank with half a brain will drop bitcoins like its the plague once they get a phone call from the central bank LOL...

banks have a tendency to keep their business licenses in order to keep being in business

woj

bitcoins make the whole process anonymous, so it makes it nearly impossible to do any of the above... realistically the worst that could happen is the file locker owner would lose the domain... (as long as file locker owner is careful and knows what they are doing...)

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pimpmaster9000

look at it this way:

bitcoins are anonymous, it makes it completely impossible for banks to accept them because of anti money laundering laws that will get the bank shut down quicker than you can say quick...

without support from banks, bitcoin is a joke...

just a punk

1) 999999 of 1000000 internet surfers don't give a shit on what bitcoin is.
2) I have serious doubts that bitcoin won't be screwed up in the near future. It won't least long. Just remember my words.

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Dirty F

Another expert.

woj

well, we are discussing how bitcoins effect file lockers? currently they are an excellent currency for file lockers...

you are right that banks could shut down any businesses related to bitcoins at any time without any warning, so it's not something I would invest my life savings into, but at this point in time bitcoins are actually a pretty viable currency...

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JFK

Can I have some of that tea for breakfeast ?

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Dirty F

Some imbeciles here don't seem to understand that if the price of a Bitcoin is 200 dollars in China, it's 200 dollars everywhere. Even in the US.
I know, i know, it's very very complicated, but read and learn.
Morons.

Dirty F

JFK, i put you on ignore as well. Something i should've done A LONG time ago already.

Buh bye annoying idiot.

Paul

To be perfectly honest his ignorant bi-polar posting gets tiresome it really does.

Franck I'm going to write one post to school you since clearly most of this will be over your ignorant little french head.

This is incorrect, all America has to do is ban the Bitcoin Exchanges and it's 10 times more difficult to get fiat into Bitcoin in the west. This could happen through

1) Regulation
2) US applying pressure on Mt Gox bank to cease business

"That'll never happen you fucking mental retard idiot" says Franck,

Oh wait it has ALREADY happened to Mt Gox, they've had their Barclays bank account (UK) and their Polish bank account (EU) frozen.

The United Kingdom is thee most unfriendly banking region for Bitcoin hence why there is no exchanges in the UK, this is followed by the EU.

Bitcoin.de is the only EU Bitcoin exchange I trust because Bitcoin.de is run by a German GmbH (German limited liability company with a maximum liability of 20.000 Euro) and thus is subject to German and European law. In Europe any organisation that holds funds for it's customers must Have a Banking License. This is the reason PayPal didn't (officially) allow European accounts before 2007

In the UK it costs £25,000 simply to put an application in with the FCA, Intersango had an exchange, but they got through 2 or 3 bank accounts in the UK before being shut down. UK consider Bitcoin far too high risk - And that's WITHOUT the US putting pressure on these Banks.

In American Bitfloor got shutdown by their bank, Bitcoin-24 was shut down by their Polish bank, Canada shuts down Canadian Bitcoins without any reason. Getting the picture yet Franck?????

If Mt Gox is shutdown in the next 2 months I beg to differ, the price will crash.

NOW to my main point which is clearly over your head and if you weren't such an obnoxious French cunt you would have asked me about my opinion on why Bitcoin could be in serious trouble due to China's recent support of it.

China is in a currency war with the United States, China wants to remove the US currencies reserve status, currency of roughly 60% of global bank and sovereign foreign currency reserves, as well as the de facto medium of exchange for major commodity transactions in $.

For the last 5 years China has been taking agressive steps to undermine the $ - Supporting Bitcoin is just the lastest step in trying to undermine the $.

So you see if China supports Bitcoin in it's latest attempt to undermine the US dollar then it's only a matter of time before American decides to interviene and do something about it. IE CLOSE THE BITCOIN EXCHANGES and if you think that won't have an INCREDIBLY negative effect on the price of Bitcoins then you're a retard!

Unfortunately we had idiots like you cumming your pants with excitement about China like Turkeys voting for christmas!

I and many other people on this forum get bored of reading your rude, ignorant and darn right nasty keyboard warrior posts at times. You live in a fantasy world where you think Bitcoin is gonna change the world. IT ISN"T

Bitcoin is in a volatile speculative bubble, it's economy currently isn't worth much more than what trade it does on Silk Road. It's probably 10x overvalued currently maybe more so!

If you own Bitcoins you have to deal with

1) Zero day exploits and hackers trying to steal your coins
2) Bitcoin exchanges going out of business or stealing your money
3) The crazy volatility of the Bitcoin market through pump & dumps - I'm sure traders are having a field day with this

I can't be bothered posting anymore at this point, you're the idiot. You're the one who has bought into Bitcoin boat, line and sinker.

At least I try to bring some sensibility and balance to these Bitcoin threads

Dirty F

I stopped reading here.

You can join JFK

Buh Bye.

Paul

Yes I enjoyed reading your posts and your warnings about Bitcoin

Strange one that isn't it! LOL

I have no doubt that digital currency is here to stay now but it won't be Bitcoin that takes the crown. Actual banks are talking about issuing their own digital currencies - http://www.bloomberg.com/news/2013-0...ank-group.html

dyna mo

i'm pretty sure this is the stupidiest fucking bitcoin gfy topic/thread yet.

Paul

NaughtyRob

So what. Not many surfers use Bitcoin, millions use Paypal, keep shutting them down.

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woj

Everything you said is more or less true, but doesn't change the fact that as long as you use some common sense there is $$ to be made with relatively low risk from jumping on the bitcoin bandwagon...

For example, if you run a paysite, you start accepting bitcoins, and withdraw all income in USD regularly, likely you would score some easy sales with pretty much no downside... what's the worst that could happen? Even if everything implodes overnight, at worst you will lose few days worth of sales that likely you wouldn't have had in the first place?

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mayabong

I guess time will tell I see it as the post office trying to shut down email. Time can be better spent trying to adapt than fight this losing battle

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helterskelter808

To be fair, Franck isn't the only retard in this thread (he just regurgitates stuff he doesn't understand from Bitcoin forums). People who, for some reason, believe that MtGox or complicated/lengthy bank wires are required to acquire bitcoins prove themselves to be totally clueless too.

Also, people jerking off over the idea of a 'price crash' (so they can win an internet pissing contest and say "I told you so") are missing the point. This is about Bitcoin being a currency, not a commodity. In terms of being a currency, Bitcoin would be far better off without the exchanges.

NewNick

The fact is that the banks dont really need to invent their own digital currencies - the traditional paper currencies are almost digital already. You dont need the actual paper anymore. I rarely have any paper currency in my possesion - the plastic that I carry interfaces with the digital financial system. My store of wealth is accessed digitally already.

One day Franck will be here moaning about the bitcoin scammers who stole his money...........

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Dirty F

On ignore you go. Buh bye idiot

mayabong

The allure of bitcoin is that it's not controlled by a bank.

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Paul

WOJ I completely agree! Infact i've invested money in Bitcoin & Litecoin and I sell everytime it hits a certain point, even though putting any fiat into Bitcoin/alt currencies is high risk it's also high reward.

I took exception of being called an idiot by GFYs favourite troll because all he does is pump the pros and takes extreme offence when anyone points of the cons, many of which he doesn't even understand.

Totally agree, there is no reason not to add bitcoin to paysites atm. It's worth it just for the free publicity. You're absolutely right, very little risk on the side of paysite owners to accept it with BitPay or whatever alterative anyone favours.

Anyone who runs a cam site should look at the Bitcoin tipping system Reddit has implemented, that would do great on cam sites!

It started as a currency but it's being traded as a commodity hence the volatility. You're correct that without the exchanges and the massive inflow of money within the past year (worth over 20x what it was this time last year) then it wouldn't even be on any governments radar but it would still exclusively be a play thing for geeks & criminals etc

And the problem is banks want to control everything and it has been freely admitted on this very forum by Franck one of the weakest points of Bitcoin currently is that Mt Gox control 70 - 80% of trade volume.

So when they get attacked, bad news story anything really then the price drops.

mayabong

And the problem is banks want to control everything and it has been freely admitted on this very forum by Franck one of the weakest points of Bitcoin currently is that Mt Gox control 70 - 80% of trade volume.

So when they get attacked, bad news story anything really then the price drops.

Agreed, and I'm sure there will be some sort of drama with MT gox and banks in the future.

More person to person exchanges will start up. People started one in new york in the park a couple days ago. Of course it was only like 30 people but this kind of thing will grow especially if that is the only way to buy and sell.

2 years ago I couldn't find a person within 300 miles of me buying and selling bitcoins on craigslist, now I have a few 5 minutes away. This kind of stuff takes time and there will be bumps. I think there will be countries that embrace the idea, safe havens.

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dyna mo

May 7, 2013, 5:40 PM
Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup

Coinbase is an online platform that allows users to buy Bitcoin, the virtual currency taking the tech world by storm. Users can also store Bitcoin in a digital wallet and pay merchants for goods or services with it.


coinbase is based in usa.


.........Bitcoin and its skeptics to when the Internet started becoming popular in the early 1990s. Back then there were ?a lot of articles about the Internet being a place for porn,? he said, similar to how early Bitcoin adopters have been allegedly using the currency for illicit purposes, such as to buy and sell illegal drugs.

?It?s very normal to see new disruptions start in places where there is a high friction,? Malka added. If Bitcoin becomes a legitimate currency, ?people will forget what it was used for in the beginning.?

helterskelter808

I meant more the speculation. It's difficult to take seriously a 'currency' where 1 equals ~$100, let alone 1 equalling $140 one minute and $80 ten minutes later. It's a joke.

It wasn't hard to predict that once it became, or becomes, widely enough used that The Man would attempt to control it. That's inevitable.

- Jesus Christ -

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helterskelter808

They might not forget, but they won't care. That seems to be how it happens, for example, with the very shady origins of certain big porn outfits these days.

Using 'the internet' is a clueless analogy though. The net wasn't used for porn, let alone illegal porn, in the beginning. In fact it was not used for anything criminal in the beginning, and has never at any time been primarily used for illegal things. Same goes for the web.

dyna mo

the author messed up the quote, he included the term "illicit" in rephrasing it. that kind of sends it off in another direction,

but there was certainly a lot of unfounded skepticism and mistrust of the internet, not unlike now with btc.


and just like the internet, btc wasn't invented for use to support illegal shit/illicit shit/etc. but it did support a lot of porn in the early days.

DWB

Virgin tea or the panda bear tea?

OMG, Franck just figured out (sort of) how markets and currency works.

Looking forward to the day you stumble across Forex. You're literally going to literally shit bricks.

georgeyw

I love reading all this bs about bitcoins.

What percentage of internet users actually have bitcoins?

What percentage of those bitcoin owners want to spend them rather than hold onto them as an *investment*?

What percentage of those that want to spend them are looking to buy a porn membership?

It would probably be easier to shoot a load through the eye of a needle, than charge via bitcoin for membership(s).

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mayabong

When a new technology isn't magically used by everyone right away its a failure right? How long did it take this internet hugabaloo to catch on?

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Dirty F

You sound extremely clueless. Really extremely.
Let me guess, you know absolutely nothing about Bitcoin. You don't understand it. You just hate it. Am i right?

georgeyw

I never said it was a failure.

My point was, bitcoins are not as widely used or accepted as you seem to believe. Sure there is hype about it, sure it is getting media attention, however for every day joe, it is not something that matters.

As has been mentioned already, what kind of person is going to buy .00000001% of a bitcoin to then use to buy membership on a filelocker?

The idea of providing a payment gateway is to make it as widely accepted as possible, the idea isn't to make it a pita to use

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dyna mo

the days of arguing bitcoin are long gone. seriously. it's here. $1 billion was exchanged in april alone. $millions and $millions of funding going in, soveriegn nations contemplating their own cyber-currencies, etc, et al, on and on, yada yada yada.


point your finger if you still want but that won't make it go away.


feel free to speculate but that's all we are all doing. we can all try and make analogies and comparisons but at this point, it's unprecedented so it's all a guessing game. the experiment is working, road blocks, ddosses, getting goxxed, hiccups and all.

just like the internet, wait, there i go again.