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Bitcoins - digital currency Bitcoins - digital currency

07-14-2018 , 12:16 PM
US government is so helpless fighting rogue governments and actors which is why they approved the launch of Bitcoin Futures? This is my point about Silk Road when they decided to auction off their confiscated coins, it's almost like they legitimized the asset when that happened. So either the government is completely incompetent/was wrong and will reverse course or the issue doesn't matter as much as is postulated.
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07-14-2018 , 12:57 PM
The autist screams loudly until everyone leaves the room and he declares himself the victor.
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07-14-2018 , 01:01 PM
I made a single true statement

Quote:
Originally Posted by ToothSayer
Crypto: A key part of the work of hitmen, drug dealers, child pornographers, human traffickers, gambling and now Russian hacking.

Oh and every single transaction is equivalent to setting 30 gallons of gasoline on fire in terms of CO2 emissions and energy use - a number which will only rise if bitcoin rises in adoption.

And the majority of the mining power is centralized under the control of the world's most dangerous communist government, who recently installed a life dictator.

Bitcoin: truly making the world a better place.
and all the cultists lost their mind and resorted to personal attacks, including hilariously getting my personality type almost 180 degrees wrong. I think I'd get a better reaction from creepy cultist Scientologists if I said Ron Hubbard was a fraud.

You guys really need to look in the mirror if you're so emotionally attached to a made up digital coin/volatile investment that you lose your mind when someone makes true statements about it. This is how losers who push all in on penny stocks act.
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07-14-2018 , 01:13 PM
The emotionally attached cultists that act like losers who push all in on penny stocks lost their minds and have resorted to personal attacks, you say?
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07-14-2018 , 01:46 PM
this is by far my most favorite post of toothsayer getting rekt utterly and completely:

https://forumserver.twoplustwo.com/s...ostcount=29782

he had to take a month off from posting because he couldn't respond. SAD!

Last edited by invictus-1; 07-14-2018 at 01:51 PM.
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07-14-2018 , 01:54 PM
Quote:
Originally Posted by Max Cut
The emotionally attached cultists that act like losers who push all in on penny stocks lost their minds and have resorted to personal attacks, you say?
Yes. I mean obviously. The responses I get are incredible if this is just an investment to you guys and not a cult lifestyle.

The notion of whether bitcoin is a net negative will affect regulation, the press coverage it gets mainstream acceptance. It actually matters and if all you here is cult insider takes on JesusCoin, you'll get a skewed view of how normal people and regulators will look at bitcoin.

Last edited by ToothSayer; 07-14-2018 at 02:04 PM.
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07-14-2018 , 02:02 PM
Quote:
Originally Posted by invictus-1
this is by far my most favorite post of toothsayer getting rekt utterly and completely:

https://forumserver.twoplustwo.com/s...ostcount=29782

he had to take a month off from posting because he couldn't respond. SAD!
I didn't respond because I said I'm taking a couple of months away from this thread and back in July. The bulls were getting upset with facts such as Bitcoin's intractable scaling problems, so I kindly gave them a breather. Which is probably why you posted when you did? It was you that got rekt in that exchange, I laid out in details how you lied about my record and you had no response to that, but you are so deranged you think you won something? Multiple people have corrected you on that. I guess there are some strange people on the Internet.

You're still my creepiest stalker. You make ASAP17 look half sane. Congrats I guess. All of your posts in the last 8 months are pure obsession with me. You've not made a single post on 2p2 that isn't about me. I seem to live in your head. It's really bizarre, Scientology level of weird. Thank you for proving my point about Bitcoin cultists. You're the poster boy of creepy weirdo.
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07-14-2018 , 02:50 PM
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07-14-2018 , 02:51 PM
Quote:
Originally Posted by ASAP17
US government is so helpless fighting rogue governments and actors which is why they approved the launch of Bitcoin Futures? This is my point about Silk Road when they decided to auction off their confiscated coins, it's almost like they legitimized the asset when that happened. So either the government is completely incompetent/was wrong and will reverse course or the issue doesn't matter as much as is postulated.
This is a very strange/disjointed analysis.
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07-14-2018 , 03:13 PM
Quote:
Originally Posted by Didace
This is a very strange/disjointed analysis.
To help explain a little better and no I don't pretend to be an expert on Bitcoin, just my opinion.... The US government has proven through their actions that even with the risks from bad actors they are ok with Bitcoin. If they really cared about that argument then they wouldn't be auctioning off the asset after all these busts on the dark web, they wouldn't be giving it legitimacy by allowing Bitcoin Futures, having guidelines for how to pay your taxes etc. In general, I'd argue most governments around the world have been pretty positive despite the hacks/accusations of manipulation etc.
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07-14-2018 , 03:55 PM
Quote:
Originally Posted by ToothSayer
I didn't respond because I said I'm taking a couple of months away from this thread and back in July. The bulls were getting upset with facts such as Bitcoin's intractable scaling problems, so I kindly gave them a breather. Which is probably why you posted when you did? It was you that got rekt in that exchange, I laid out in details how you lied about my record and you had no response to that, but you are so deranged you think you won something? Multiple people have corrected you on that. I guess there are some strange people on the Internet.

You're still my creepiest stalker. You make ASAP17 look half sane. Congrats I guess. All of your posts in the last 8 months are pure obsession with me. You've not made a single post on 2p2 that isn't about me. I seem to live in your head. It's really bizarre, Scientology level of weird. Thank you for proving my point about Bitcoin cultists. You're the poster boy of creepy weirdo.
actually, i've been posting in this thread exclusively for years and the fact that i return every once in a while to give you a smackdown is just a coincidence. but it's good to see that you are responding to arguments by calling me a stalker instead of actually addressing them.
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07-14-2018 , 04:03 PM
You can't pay US taxes with Bitcoin.


Just because an investment vehicle is sanctioned does not mean it's endorsed as a good investment - mortgage backed securities anyone?


Why wouldn't the government sell something that they could make money off of that is not illegal?
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07-14-2018 , 04:05 PM
Quote:
Originally Posted by invictus-1
actually, i've been posting in this thread exclusively for years and the fact that i return every once in a while to give you a smackdown is just a coincidence.
I think you're some kind of pathological liar. All of your posts in 8 months across three threads have been about me. Every single one. Anyone can simply look that up by simply clicking your name and showing your posts. Do you not realize this? I'm not sure why you'd lie about this just as I'm not sure why you'd like about my record. The bolded is also a false statement.

Quote:
but it's good to see that you are responding to arguments by calling me a stalker instead of actually addressing them.
Your responses aren't even coherent. Multiple other people have weighed in to explain everything to you but you're so fixated you can't see it.

I think you're just mentally ill. Things like Bitcoin and penny stocks and various scams and cults attract such people. Good luck to you.

Last edited by ToothSayer; 07-14-2018 at 04:15 PM.
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07-14-2018 , 04:13 PM
Quote:
Originally Posted by ASAP17
To help explain a little better and no I don't pretend to be an expert on Bitcoin, just my opinion.... The US government has proven through their actions that even with the risks from bad actors they are ok with Bitcoin. If they really cared about that argument then they wouldn't be auctioning off the asset after all these busts on the dark web, they wouldn't be giving it legitimacy by allowing Bitcoin Futures, having guidelines for how to pay your taxes etc. In general, I'd argue most governments around the world have been pretty positive despite the hacks/accusations of manipulation etc.
This is like saying because the US government auctions off poker assets seized under UIGEA or because they have guidlines/rules for poker taxes, they're not going to regulate poker. That didn't end well.

Growing illegality, especially the nastier disruptive forms of illegality like ransomware, will lead to regulation, and given that bitcoin is a payment mechanism and not an activity, it is very easily crushed by regulation. Take away the on ramps (banks and exchanges) and Bitcoin is dead for 95+% of the population and mainstream use case. And most governments (US, China, Russia, Latin America) will view this similarly and lead a concerted effort. The US alone can crash bitcoin by its banks refusing to business with banks who transact with bitcoin vendors. And the more criminal activity bitcoin has, the more they can justify this.

They banned poker and poker has fewer powerful vested interests and does less social damage than Bitcoin does even today at bitcoin's small size. And poker was something they could only ban for US citizens as its an activity and not a financial product.

So the growth in the nastier forms of criminal activity enabled by bitcoin is very relevant. It is also bad for the mainstream use case if it is viewed as a dodgy shadow coin with hugely negative environmental and criminal externalities. Normal people stay away from that. Why do you think the bulls get so very upset when this is mentioned?
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07-14-2018 , 04:20 PM
Quote:
Originally Posted by Didace
You can't pay US taxes with Bitcoin.


Just because an investment vehicle is sanctioned does not mean it's endorsed as a good investment - mortgage backed securities anyone?


Why wouldn't the government sell something that they could make money off of that is not illegal?
Obviously you can't pay taxes in Bitcoin lol hence my comment about them providing guidance.

Where did I say that made it a good investment? I agree 100% just because it's sanctioned doesn't mean it should go up in value if anything the opposite has happened since futures launched.

Last edited by ASAP17; 07-14-2018 at 04:30 PM.
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07-14-2018 , 04:33 PM
Nice edit.
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07-14-2018 , 05:33 PM
Quote:
Originally Posted by ToothSayer
I think you're some kind of pathological liar. All of your posts in 8 months across three threads have been about me. Every single one. Anyone can simply look that up by simply clicking your name and showing your posts. Do you not realize this? I'm not sure why you'd lie about this just as I'm not sure why you'd like about my record. The bolded is also a false statement.
what am i lying about? i didn't dispute the claim that my posts have been about you. i said i've been posting here for years before you came along and the fact that i am posting about you is a coincidence. i'm not following you around, i'm just in the bitcoin thread all the time. you just happen to be wrong on a lot of many things and i point it out every time i visit the thread.


Quote:
Your responses aren't even coherent. Multiple other people have weighed in to explain everything to you but you're so fixated you can't see it.

I think you're just mentally ill. Things like Bitcoin and penny stocks and various scams and cults attract such people. Good luck to you.
ah, the typical toothsayer retort. "you're crazy" or "you're following me around". at this point i'm pretty convinced you've been just trolling all this time. good luck to you. i'm sorry you missed out on the biggest moneymaking opportunity you'll ever see in your life.
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07-14-2018 , 07:23 PM
Wait, the 'btc' account is anti-crypto?

Is that your second account TS?
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07-14-2018 , 08:41 PM
btc has been anti crypto for ages. Guess you missed the sarcasm.

I only have this account and a long time mod account.

I'm not sure what I have to do with bitcoin (the topic of this thread).
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07-14-2018 , 10:02 PM
Bitcoin is no longer good for black market use. Law enforcement is catching on and having all transactions in a ledger is great to track things. Recently they set up several coin mixers and because they control the mixer they can continue to track bitcoins used for drug sales. A bunch of sellers got caught and the FBI and some other international agencies again have a bunch of coins for sale.
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07-15-2018 , 12:32 AM
Quote:
Originally Posted by Dutch101
Bitcoin is no longer good for black market use. Law enforcement is catching on and having all transactions in a ledger is great to track things. Recently they set up several coin mixers and because they control the mixer they can continue to track bitcoins used for drug sales. A bunch of sellers got caught and the FBI and some other international agencies again have a bunch of coins for sale.
"crypto ded" - TS
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07-15-2018 , 12:33 AM
Quote:
Originally Posted by Dutch101
Bitcoin is no longer good for black market use. Law enforcement is catching on and having all transactions in a ledger is great to track things. Recently they set up several coin mixers and because they control the mixer they can continue to track bitcoins used for drug sales. A bunch of sellers got caught and the FBI and some other international agencies again have a bunch of coins for sale.
And lol, how do these agencies all of a sudden have control of these coins? Sure they tracked them, how do they now control them?
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07-15-2018 , 01:48 AM
Quote:
Originally Posted by housenuts
And lol, how do these agencies all of a sudden have control of these coins? Sure they tracked them, how do they now control them?
They have a solid team and innovative tech
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07-15-2018 , 01:58 AM
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Originally Posted by applesauce123
They have a solid team and innovative tech
Sounds good, how do I invest in this?
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07-15-2018 , 05:57 AM
If bitcoin actually does become big enough so that people start using it as a currency and not just a speculative asset, then why won't governments and/or corporations come in and crush it and possibly even release their own cryptos? They can ban acceptance of it at merchants, ban trading of it on exchanges and boom it's dead.
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