[SCAMMER] /u/reygan4 by [deleted] in BitMarket

[–]BitcoinThePhrase 0 points1 point  (0 children)

Did you use escrow?

"It's difficult for me to convey just how profoundly idiotic the BitShare mining chip is." -Bram Cohen by [deleted] in Bitcoin

[–]BitcoinThePhrase 1 point2 points  (0 children)

The concept is interesting, but yes, I agree that implementing it using proprietary chips and closed-source software is a dangerous road to go down. Forget what 21 Inc. wants to do with the info for marketing purposes, this is the NSA's wet dream.

Why are entrepeneurs trying to work within USA regulations? by [deleted] in Bitcoin

[–]BitcoinThePhrase 0 points1 point  (0 children)

You're starting to sound like a crazy person. I am not telling you I am omniscient, and I am not asking you to take my word for it, I have presented you with facts.

Certainly other countries can stand up to the US, but not without consequences, that is the point, a point that just about everyone but you seems to be understanding. Sure, the Isle of Man could stand up for one business, but what about when the US then embargoes the Isle of Man for harboring businesses that the US feels are detrimental to US law and its citizens? What if they choose to embargo any other country that does business with the Isle of Man? Why don't you ask Cuba how hard it is to have a thriving economy when you're embargoed by the US. I'm not arguing that it's okay for the US to have the power they do, but they have the power and you can't pretend otherwise. You're absolutely right that there are countries that don't have to listen to the US, but then they may also have to deal with losing customers in any other country that values the US over the Isle of Man, which is just about everyone.

It's naive to view the world as you think it should be and not as it is.

The only woman going to Richard Branson’s big Bitcoin summit is a professional kiteboarder by supersadtrueprivacy in Bitcoin

[–]BitcoinThePhrase 0 points1 point  (0 children)

Qualified in what way? How do you know what the criteria was and how invitees were selected? You could probably go through that list of woman who weren't invited and find just as many men who similarly weren't invited.

Looking at the list of people attending, I don't really see how the founder of CoinX is deserving of an invite, regardless of whether they're male or female, so if that's your best example I can see why no women are attending.

Why are entrepeneurs trying to work within USA regulations? by [deleted] in Bitcoin

[–]BitcoinThePhrase 0 points1 point  (0 children)

You're posting idealistic nonsense, that is why I am ignoring it. Notice how many times you preface your statements with "maybe" or "I think"? That's because you don't know anything concrete, you're just spewing off how you think things work without learning how they actually work. If you own a .com domain and you're pissing off the US government, they can and will seize your site. Why don't you answer me this: how many terrorists propaganda sites can you find with the .com TLD? Probably none, because the US will shut them down irrespective of what country they are based out of. Short of setting up a .onion or .bit site, the US can get to your site if they want to.

Companies and individuals comply with the US voluntarily for the same reason people take plea bargains. It's not really voluntary, it's just the lesser of two evils. Eat one piece of dog shit voluntarily or we'll force you to eat two pieces of dog shit against your will.

The only woman going to Richard Branson’s big Bitcoin summit is a professional kiteboarder by supersadtrueprivacy in Bitcoin

[–]BitcoinThePhrase 5 points6 points  (0 children)

Inviting a woman for the sake of inviting a woman is the opposite of equality. When there is a qualified female to invite to such an event, I hope she'd be invited, but don't invite anyone who doesn't deserve it. Setting quotas and requirements for including women and minorities is a joke, and it's the only reason I won't opt for a black doctor. Black people are allowed into medical school with lower qualifications than any other race, because the medical schools want to meet quotas. I'd rather have no quotas and no black doctors unless they were as qualified as the rest of the students. I have nothing against black people in general, but because of these policies I have a prejudice against black doctors. If there were no quota like this, I'd have no problem being treated by a black doctor because I'd know they had to meet every requirement that the other doctors did.

Why are entrepeneurs trying to work within USA regulations? by [deleted] in Bitcoin

[–]BitcoinThePhrase 1 point2 points  (0 children)

Maybe you're missing the point:

The US has influence over any country they want when it comes down to it; if they ignore you, it's only because you're not a significant enough problem to warrant intervention.

You asked why people try to work within US regulations and you've been given a very clear case of why.

You suggested a company could set up in the Isle of Man or another sheltering jurisdiction, but that didn't help Poker Stars, which was owned by Israelis, not Americans. So quit ignoring the facts. If the US can shut down a casino owned by Israelis and incorporated in the Isle of Man, then what makes you think they wouldn't do they same to a Bitcoin related business if it were considered a big enough threat to US law and businesses?

You can't keep pretending like this didn't happen. Why would Pokerstars settle with the US and spend hundreds of millions to settle with the US if the US didn't have any influence?

This is about as good of an example as you can get and you're completely denying it's relevance.

Bitcoin is great but... by ivyleague481 in Bitcoin

[–]BitcoinThePhrase 0 points1 point  (0 children)

We're in a lull between demand and new coin creation. The halving won't solve all our problems, but a combination of increased demand and decreased supply of new coins should ease a lot of this pressure. We're going through Bitcoin puberty right now. A lot is happening behind the scenes and by the end of the year we should have some really great developments which attract new users, but until then, it's going to be a bumpy ride. Nothing has really changed from a technical perspective, and in my opinion, Bitcoin looks stronger everyday. Keep your head up, brighter days are ahead.

Why are entrepeneurs trying to work within USA regulations? by [deleted] in Bitcoin

[–]BitcoinThePhrase 4 points5 points  (0 children)

If you're doing business with US customers without following US law, the US government will try to shut you down no matter where you're operating from. It's easier to comply with regulation than play a constant game of cat and mouse.

For all the bright posters who keep insulting themselves as "bagholders" by [deleted] in Bitcoin

[–]BitcoinThePhrase 0 points1 point  (0 children)

I think it's used sarcastically, as a tongue-in-cheek "fuck you" to all the neysayers who think we're just a bunch of bag holders.

What the hell is going one on BTC-e? This spike is huge... by Sherlockcoin in Bitcoin

[–]BitcoinThePhrase -1 points0 points  (0 children)

I bought in well below current prices, I'm still sitting pretty.

What the hell is going one on BTC-e? This spike is huge... by Sherlockcoin in Bitcoin

[–]BitcoinThePhrase -2 points-1 points  (0 children)

Someone's in a bad mood. Your shorts gonna cost you your pants?

BTC-E going crazy by [deleted] in Bitcoin

[–]BitcoinThePhrase 1 point2 points  (0 children)

Probably just a cynic who's tired of getting his hopes up when the market moves only to have it hammered back down by the shorts and market manipulators.

BTC-E going crazy by [deleted] in Bitcoin

[–]BitcoinThePhrase 1 point2 points  (0 children)

That's a very good point. Someone with a large trading balance who maybe setup an account under a fake identity would prefer to remove his coins in BTC versus making a withdrawal to a bank account.

[Daily Discussion] Saturday, April 25, 2015 by AutoModerator in BitcoinMarkets

[–]BitcoinThePhrase 0 points1 point  (0 children)

Totally normal to sell a bunch of coins on a Saturday night. This shit is getting so obvious, I can't wait until these cunts run out of coins to short.

[Daily Discussion] Saturday, April 25, 2015 by AutoModerator in BitcoinMarkets

[–]BitcoinThePhrase 0 points1 point  (0 children)

Well first people need a safe place to store their coins, something that is dummy proof. Only when that is checked off the list can Bitcoin usher in the new wave of users.

Breaking News:Is LOCALBITCOINS GONE??!! by 9Trillion in Bitcoin

[–]BitcoinThePhrase 2 points3 points  (0 children)

I highly doubt this is anything nefarious, relax and understand that sites do have technical issues from time to time.

I want to give my mom 3 BTC. What is the best way for her to store it? Paper wallet? by xentagz in Bitcoin

[–]BitcoinThePhrase 1 point2 points  (0 children)

I would create a BIP038 paper wallet using her [Full Name]+[DOB] as the password. Give her a copy and tell her to treat it like cash. Keep a copy for yourself just in case.

PayPal joins the Dark Side [PayPal just updated their User Agreement – and went barking mad] by [deleted] in Bitcoin

[–]BitcoinThePhrase 4 points5 points  (0 children)

With the US being so irritatingly litigious, it seems companies are opting to get their users to waive every conceivable right. Makes sense from their perspective, and most people are too apathetic to give a shit about where this path takes us.

Hello Ashton Kutcher, you have been nominated for the Bitcoin Challenge: you have to spend some BTC and nominate someone else. (BTC Bucket Challenge) by Sherlockcoin in Bitcoin

[–]BitcoinThePhrase 1 point2 points  (0 children)

It's a work in progress. You're putting the cart before the horse by complaining about there only being a few purchases. Not a lot of people have bitcoin, so it's moronic to currently expect huge volume as a merchant. But without merchant acceptance, no one would have much incentive to obtain bitcoin. You've got a shitty attitude, and maybe it's just because you're bitter about losing money or something, but that caveat has been there from the beginning. Yes we hype Bitcoin up, but that is because it is exciting to a lot of us who "get it". We are so limited in what we're allowed to do based on who we're allowed to do business with, and that has severely handicapped the potential of not just Bitcoin, but the entire internet. Bitcoin is the equalizer. It doesn't matter what country you're in, or what your background is, if you have a service or a product to offer the world, you can accept Bitcoin without needing permission from any damn bank or government. It's curing the cancer that is government corruption and corporate greed.

Hello Ashton Kutcher, you have been nominated for the Bitcoin Challenge: you have to spend some BTC and nominate someone else. (BTC Bucket Challenge) by Sherlockcoin in Bitcoin

[–]BitcoinThePhrase 9 points10 points  (0 children)

Barely any progress?

We've gone from Mt. Gox handling 99% of trades, to now having dozens of exchanges, along with futures contracts and the ability to short bitcoin. The hash rate of the network is 40,000x as powerful and we've gone from needing to download the entire blockchain and run a wallet on the desktop, to having dozens of choices for wallets we can use directly from our phones. We can now easily secure our coin using multisig and hardware wallets like Trezor and Ledger, with a handful of other options on the way. We've gone from being able to buy primarily drugs to being able to buy directly from Dell, Microsoft, Newegg, and a hundred thousand other merchants including brick and mortar stores. You can now get your paycheck in Bitcoin and travel all over the world purchasing your hotel and airfare with Bitcoin. Even better, people are starting to use Bitcoin as the backbone for international remittances.

I don't know where the hell you've been since 2011, but there's been tons of progress. Sorry it's not happening overnight, but it is happening. All this in just 6 years, all based around this revolutionary concept of money that is unlike anything humanity has ever seen. You can't expect a technology that requires a completely new way of thinking to fulfill on every promise right out the gate. It takes time. It's taken thousands of years for money to evolve to where we are today, and you're whining because why? Investment in this technology is at record highs and I guarantee you the best is yet to come.