bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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Dren: Jan 5, 2001; Pillbug

theflyingexecutive posted:

the Starbucks app is not linked to your social security number, bank account, or heart rate

wait that's Apple pay we were talking about currentc

# ? Oct 28, 2014 02:22

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# ? Apr 26, 2024 04:17

theflyingorc: Jun 28, 2008; ANY GOOD OPINIONS THIS POSTER CLAIMS TO HAVE ARE JUST PROOF THAT BULLYING WORKS; Young Orc

sometimes ...! posts good content

quote:

Anyone else receive laughs when asking cashiers if they accept Bitcoin? (self.Bitcoin)

submitted 3 hours ago * by Cyrusis

A new small restaurant opened up in my small city. This restaurant is incredibly successful (due to word of mouth) and it's very hip, with mid-20s employees and owners. They also use an iPad app as their register. Upon seeing this, I was excited. I asked if I could pay in Bitcoin especially considering everything they needed was already on their counter. But they caught me off guard, because after asking, they (2 register girls, 2 cooks/potential owners) burst out laughing and one cook started ridiculing Bitcoin out loud for about 10 minutes in a tight space with about 25 customers in earshot. Scam, not safe, dangerous, the usual mainstream opinion but amplified by the guy that considered himself a tech-nerd (his words). I wasn't going to turn it into an argument so I paid with debit and waited for my food.

I encounter nothing but very annoying experiences when asking businesses about Bitcoin payment methods. For anyone else trying to pay with Bitcoin, are you being welcomed with similar nonsense?

# ? Oct 28, 2014 02:33

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

weird how all these people can make fun of bitcoin for 10 minutes straight, i think i'd run out of stuff to say after about a minute (i can only laugh for so long)

i guess that's why the paid trolling office won't return my calls

# ? Oct 28, 2014 02:37

duTrieux.: Oct 9, 2003

# ? Oct 28, 2014 02:46

duTrieux.: Oct 9, 2003

# ? Oct 28, 2014 02:49

Tiny Bug Child: Sep 11, 2004; Avoid Symmetry, Allow Complexity, Introduce Terror

i guess they announced some regulations on bitcoin exchanges or something

quote:

[�]tsontarLong-term Holder[🍰] 9 points 5 hours ago

The entire basis for their ruling hinges on this one sentence:

At this time, your analogy to the securities and futures industries and their traditional methods for buying and selling securities and commodities is not relevant for analysis of the Company�s obligations under the BSA.

This will go to court and eventually fall, if it is vigorously pursued, as it is clearly false. From a legal perspective, it is going to prove very difficult to argue that gold and bitcoin should share vastly different rules.

In the meantime, the USA is about to outlaw its own future.

# ? Oct 28, 2014 03:14

Cantorsdust: Aug 10, 2008; Infinitely many points, but zero length.

Tiny Bug Child posted:

i guess they announced some regulations on bitcoin exchanges or something

bitcoin is the future of currency that will revolutionize banking... just like gold!

# ? Oct 28, 2014 03:23

rotor: Jun 11, 2001; classic case of pineapple derangement syndrome

Boxturret posted:

weird how all these people can make fun of bitcoin for 10 minutes straight

are you loving kidding me

# ? Oct 28, 2014 03:23

duTrieux.: Oct 9, 2003

i'm pretty sure that if you cn't talk about bitcoins for 10 minutes without turning into a bad rodney dangerfield impression then you're a lost cause

# ? Oct 28, 2014 03:28

Owlofcreamcheese: May 22, 2005; Can't post for 9 years!; Buglord

I love this because bitcoin is so totally rotten I can't tell if this exchange is so lovely you can just withdraw things multiple times or if this whole thing is a scam to make bitcoiners THING you can do this so they send all their money to this exchange so the exchange can steal all the money of people trying to hack the site.

http://mineforeman.com/2014/09/24/how-i-accidentally-hacked-the-igot-exchange/

# ? Oct 28, 2014 03:35

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

duTrieux. posted:

i'm pretty sure that if you cn't talk about bitcoins for 10 minutes without turning into a bad rodney dangerfield impression then you're a lost cause

well in real life i wouldn't say anything because it would be rude :kiddo:

# ? Oct 28, 2014 03:45

Robawesome: Jul 22, 2005

# ? Oct 28, 2014 03:48

Happy Noodle Boy: Jul 3, 2002

Robawesome posted:

good poo poo op

# ? Oct 28, 2014 03:52

TVarmy: Sep 11, 2011; like food and water, my posting has no intrinsic value

the rumor was that the sec was going after 4-5 more businesses as well. i am not going to :gizz:

yet, but i am adding corn husker's lotion to my bugout bag.

# ? Oct 28, 2014 04:01

duTrieux.: Oct 9, 2003

TVarmy posted:

the rumor was that the sec was going after 4-5 more businesses as well. i am not going to yet, but i am adding corn husker's lotion to my bugout bag.

look at lil' prince rupert over here

*spits into hand comma unzips pants*

# ? Oct 28, 2014 04:09

suffix: Jul 27, 2013; Wheeee!

Robawesome posted:

Magrov@P/C posted:

http://ia902308.us.archive.org/32/items/gov.uscourts.mowd.117531/gov.uscourts.mowd.117531.110.0.pdf

EDIT:

http://ia902308.us.archive.org/32/items/gov.uscourts.mowd.117531/gov.uscourts.mowd.117531.111.0.pdf

some laff turbulence at liftoff, but now i'm feeling good about this thread again

# ? Oct 28, 2014 04:25

VAGENDA OF MANOCIDE: Aug 1, 2004; whoa, what just happened here?; College Slice

...! posted:

A bunch of bitcoin businesses just received subpoenas from the SEC in regard to selling unregistered securities. Even though the bitcoin businesses were ordered not to publicize this because the SEC isn't done sending subpoenas, a bunch of them have decided it's OK to talk about it anyway.

lmao

# ? Oct 28, 2014 05:58

BBJoey: Oct 31, 2012

um, does the first ammendment, free speech mean anything to you? the government isn't allowed to tell me what not to talk about. :rolleyes:

# ? Oct 28, 2014 06:32

INCHI DICKARI: Aug 23, 2006; by FactsAreUseless

I had no idea it was physically possible to be as hard as i am right now :unsmigghh:

# ? Oct 28, 2014 06:42

VAGENDA OF MANOCIDE: Aug 1, 2004; whoa, what just happened here?; College Slice

Powershift posted:

Seemingly unrelated to the SEC and FTC fun, FINCEN has decided a thing

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R011.pdf

I just started reading, but the basics of it seems to be that everybody needs a MSB license. Even companies that don't deal with real money, and only exchange fake money for other, more different fake money.

# ? Oct 28, 2014 06:45

Boxturret: Oct 3, 2013; Don't ask me about Sonic the Hedgehog diaper fetish

FCKGW posted:

# ? Oct 28, 2014 06:49

Powershift: Nov 23, 2009

api call girl posted:

Yup, everybody who runs a bitcoin ATM needs a MSB license. So all those companies building and selling those ~~ATMs~~ slot machines expecting people to buy them and operate them in their businesses are going to have to build a new ~~business model~~ boat to get to cuba.

# ? Oct 28, 2014 06:55

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

oh god the oracle from the last thread was right

also:

Powershift posted:

Seemingly unrelated to the SEC and FTC fun, FINCEN has decided a thing

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R011.pdf

I just started reading, but the basics of it seems to be that everybody needs a MSB license. Even companies that don't deal with real money, and only exchange fake money for other, more different fake money.

# ? Oct 28, 2014 08:40

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

this really is a nice birthday present

# ? Oct 28, 2014 08:40

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

they've spent years trying to convince everybody that bitcoin is real money, and the one group they managed to convince was fincen, who are now applying existing regulations to it

good job, guys, you made it farther than flooz (or whatever it was)

# ? Oct 28, 2014 08:46

Greyhawk: May 30, 2001

man this is a nice thing to wake up to

# ? Oct 28, 2014 09:15

Greyhawk: May 30, 2001

is it xmas already?

from the grey forums

http://ia902308.us.archive.org/32/i...17531.110.0.pdf

quote:

ORDER

The Court is aware of the growing lack of civility and professionalism among the parties in this case and, therefore, puts the parties on notice of several options available to it if such conduct continues. Through its inherent power to maintain respect and decorum, the Court is granted the flexibility to equitably tailor a sanction that appropriately fits any misconduct. See Plaintiffs� Baycol Steering Comm. v. Bayer Corp., 419 F.3d 794, 802 (8th Cir. 2005) (recognizing inherent power to sanction after notice and opportunity to be heard). Available sanctions include a lecture from the Court, a monetary penalty, a recommendation by the Court to the appropriate bar association that the attorney be subject to disciplinary action, or a public reprimand directly by the Court and made available on the Court�s website.1 See, e.g., Local Rule 83.6 (discussing attorney discipline). More extreme sanctions include disbarment or contempt findings

The Court recognizes that this is a contentious and vigorously disputed lawsuit. But the Court expects the parties to treat each other, the Temporary Receiver (which is appointed by, and serves as, an officer of the Court), and the Court with professionalism and respect. Name calling, veiled suggestions, ad hominem attacks, and unfounded accusations directed at opposing counsel, the Temporary Receiver, or the Court will not be tolerated and potentially subjects a
party to the above sanctions. The parties, the Temporary Receiver, and the Court have a lot of work to accomplish in a little amount of time. The Court will not allow harassing and unbecoming conduct to distract from the orderly administration of this lawsuit. If it continues to observe inappropriate behavior, the Court will not hesitate to schedule a show cause hearing to address the offending conduct.

IT IS SO ORDERED

# ? Oct 28, 2014 09:32

poik007: Aug 16, 2006; Thinks Mother 3 is the best game ever

it is SO ordered

# ? Oct 28, 2014 09:33

pylb: Sep 22, 2010; ^{"The superfluous, a very necessary thing"}

beancc posted:

a large chunk of middle class was just wiped out due to the fully regulated and controlled banking system, right down to SEC regulating bernie madoff, and it's way worse in most other countries. bitcoin is the people's only escape from mass systemic fraud, theft, forfeiture, counterfeiting and devaluation, and you want to deny them

# ? Oct 28, 2014 09:38

Greyhawk: May 30, 2001

from what i'm gathering the sec is sending or preparing to send out 100s of subpoenas to just about everyone and everything

edit: yeah seems like laughs will go to the moon

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

Greyhawk fucked around with this message at 09:45 on Oct 28, 2014

# ? Oct 28, 2014 09:41

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

please assemble the yoslaw action team asap to review all of this

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R011.pdf
^^basically they don't care no actualmoney enters the system, it's still not going to allow them to dodge aml, kyc and book keeping obligations

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R012.pdf
^^gyft is hosed, coinbase is hosed, bitpay is hosed, and instead of having to deal with ny centric regulations, surprise cockfags, you need licencing in all 50 states

can't wait to see how this affects the cut they'll take, no fees*^1,2 is about to become same fees as paypal, at best

# ? Oct 28, 2014 09:58

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

ftc sec fincen combo is about to define the "then they fight you" part of r/bitcoin's favourite motto

# ? Oct 28, 2014 10:00

Greyhawk: May 30, 2001

happy birthday

# ? Oct 28, 2014 10:01

jre: Sep 2, 2011; To the cloud ?

surebet posted:

please assemble the yoslaw action team asap to review all of this

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R011.pdf
^^basically they don't care no actualmoney enters the system, it's still not going to allow them to dodge aml, kyc and book keeping obligations

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R012.pdf
^^gyft is hosed, coinbase is hosed, bitpay is hosed, and instead of having to deal with ny centric regulations, surprise cockfags, you need licencing in all 50 states

can't wait to see how this affects the cut they'll take, no fees*^1,2 is about to become same fees as paypal, at best

quote:

The Company would receive payment from the buyer or debtor in currency of legal tender (�real currency�), and transfer the equivalent in Bitcoin to the seller or creditor, minus a transaction fee.

Real Currency :airquote:

loving lol

# ? Oct 28, 2014 10:02

Condiv: May 7, 2008; Sorry to undo the effort of paying a domestic abuser $10 to own this poster, but I am going to lose my dang mind if I keep seeing multiple posters who appear to be Baloogan.

With love,
a mod

[�]bobabouey 5 points 9 hours ago

I posted this as part of a comment below, but think its worth pointing out in a higher comment more clearly.

According to the State of Florida, They[sean's outpost] were originally registered as a Florida non-profit in July of 2013, but were administratively dissolved for failure to file an annual report...

http://search.sunbiz.org/Inquiry/Co...c001cf4b09/sean's%20outpost/Page1

So either they are in enough financial trouble that they can't even afford to file an annual report, or they don't want to report it...

Its not the end of the world, as there is usually a process to get back in to good standing. But its certainly not a good sign.

[�]SeansOutpost 6 points 9 hours ago

It's an administrative issue, that has already been corrected. The paperwork came due when I was on my run and was not filed in a timely manner. We have already done the process to become "in good standing" again it's just not reflected on the sunshine website.

It is quite embarrassing, but ultimately doesn't effect operations at all

[�]bobabouey 1 point 8 hours ago

Thanks for the quick reply. And I hope you note that I did describe it was something fixable, but on reflection, I shouldn't have left the only options as "don't want to, or can't afford", should have left in "messed up."

From your other post, I see you address the 501c3 issue as part of a system you don't agree with. And, I guess if you are running at a loss, you don't need the non-profit status anyway.

Still, as you grow, I hope you reconsider your aversion to 501c3 and filing Form 990s. People who follow closely may be comfortable trusting you that you don't take a salary, but as these threads evidence, you are potentially losing other contributors who would like to see that reflected in an IRS filing.

And, it increases how much people can give, as it potentially reduces their taxes.

PS - IRS filings may be easy to fake, but consequences of doing it are pretty severe.

PPS - I have donated to Sean's Outpost in the past twice, so I'm not a hater, just my two cents.

[�]SeansOutpost 5 points 8 hours ago

It's not that they are easy to fake. I just take issue with needing government permission to help people. It's also very messed up that a homeless outreach needs to spend lots of money and wait over a year to achieve 501c3 status when that same staus is simply granted, self certified, to churches.

If no one ever stands up, nothing will ever change.

People should contribute to humanitarian aid because they choose to. Not because they are forced or for a tax break.

And we are well aware that hinders us to some types of funding. Money isn't everything.

I really appreciate your donations. No hard feelings at all. Criticism is important and necessary.

jfc what an idiot

Condiv fucked around with this message at 10:12 on Oct 28, 2014

# ? Oct 28, 2014 10:07

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

surebet posted:

http://www.fincen.gov/news_room/rp/rulings/pdf/FIN-2014-R012.pdf
^^gyft is hosed, coinbase is hosed, bitpay is hosed, and instead of having to deal with ny centric regulations, surprise cockfags, you need licencing in all 50 states

please let this be true, bitpay collapsing is the thing i've been wanting to see the most all this time

# ? Oct 28, 2014 10:23

Malloc Voidstar: May 7, 2007; Fuck the cowboys. Unf. Fuck em hard.

wikipedia on bitpay:
BitPay has acquired many large merchants over the past year including NewEgg,[8] TigerDirect,[9] Warner Bros. Records,[10] Virgin Galactic,[11] Shipito,[12] Rakuten Super Logistics[13]

i feel like "acquired" was maybe not the right word for this sentence
also it's basically an ad

edit: this is unrelated to the current discussion which i have not read

# ? Oct 28, 2014 10:44

HyperPuma: Jun 24, 2007; b-b-b-b-b-b-b-but trump is president

happening status: it's

# ? Oct 28, 2014 10:50

surebet: Jan 10, 2013; ａｖａｔａｒ
ｓｐｅｃｉａｌｉｓｔ

Aleksei Vasiliev posted:

wikipedia on bitpay:
BitPay has acquired many large merchants over the past year including NewEgg,[8] TigerDirect,[9] Warner Bros. Records,[10] Virgin Galactic,[11] Shipito,[12] Rakuten Super Logistics[13]

i feel like "acquired" was maybe not the right word for this sentence
also it's basically an ad

edit: this is unrelated to the current discussion which i have not read

take a sec, this is potentially the ground floor to the biggest laff bubble ever

hodl the laffs people!

# ? Oct 28, 2014 10:51

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# ? Apr 26, 2024 04:17

Heresiarch: Oct 6, 2005; Literature is not exhaustible, for the sufficient and simple reason that no single book is. A book is not an isolated being: it is a relationship, an axis of innumerable relationships.

"Rakuten Super Logistics" sounds like a giant robot anime involving transforming delivery trucks

# ? Oct 28, 2014 10:55

The Something Awful Forums > Discussion > Serious Hardware/Software Crap > YOSPOS > bitcoin: a sisyphean nightmare, forever trapped in an endless wall of sperg

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