/biz/ - Business & Finance

>>299380
bump ;^)

So... why not just use a regular debit card? Why go through the BTC middle man?

>>299387
That's irrelevant. I'm just letting people know that BTC is now (essentially) accepted everywhere.

>>299387
#rekt

>>299387
Because not everybody wants to convert their BTC to dollars.

>>299390
pls
>>299389

>>299394
This does that. It's just automated.

>>299398
It does that when you want to purchase something. Not everybody wants all their BTC converted to dollars.

>>299401
Yes

>>299385
>^)

Just stop doing this, plebbit.

>>299411
No

>>299380
Still too volatile. Might be useful when the coin settles around $1/BTC

>>299389
>mastercard
>accepted everywhere
tip top kek

>>299435
>settles to 1 dollar

pls dude

>>299452
Let the Jews Jew. The fact that they can't see the utility of cryptocurrency now is because they are philosophically bankrupt.

Cryptocurrency is currently in an early adopter stage that is going to get a shitload of nerds very, very rich in a couple decades.

>>299452
The fad is over. There is nothing left but shills trying to hype up their investment so they can cash out.

>>299472
What evidence suggests that? Just because we have gone through one of the 4 total bubbles?

>mastercard
>everywhere

Call me when visa accepts it.

Why the fuck hasn't the value jumped to 10k yet?

The value of bitcoin should be soaring right now.

>>299486
That's not how it works

>>299478
The value has plummeted more than 50% of it's peak and has failed to recover for 6 months.

What evidence do you have that it's going to increase in value now that the only driving force behind it's value, the hype, is now gone?

From the article:

>“This one is just like a debit card, because it debits from the wallet directly. You don’t have to be thinking about funding it and how much and when the conversion happens.”

Oh shit. This is going to be damn sweet. Imagine getting hold of one of these cards when someone loses their wallet and immediately purchasing a ton of shit until you clear out someones BTC wallet. There will be no repercussions because BTC is anonymous and there is no way to prove it was their BTC.
top of the highest keks

>>299481
Ok

>>299501
The value is going to skyrocket now that major payment processes are taking it seriously.

You're an idiot if you don't put at least 1k into bitcoin now. Right this second.

>>299501
Because everyday millions are being invested into startups. I don't think the interest has died based on, well the money.

Also, if you followed the history of BTC you'll know it bubbles. Overall BTC is up.

OH SHIT IT JUST WENT UP by $1

IT'S HAPPENING

>>299513
;^)

>>299501
Bitcoin has gone through severe shakeups, particularly the collapse of MtGox and the uncertainty over China's state position towards BTC.

The driving force behind the value of BTC is the fact that it is a superior platform to the existing banking system in every conceivable way, on paper, and is inherently much safer for consumers to use than fiat currency.

What kicked off the price of btc in the first place was uncertainty over a US debt ceiling that threatened to downgrade the US's credit rating

>>299503
Like how you can spend all their cash in the wallet?

>>299516
>much safer for consumers to use than fiat currency
no

>>299509
>>299516
Holy shit, not only have these poor suckers invested in Bitcoin, but they're now preaching the gospel that was used to reel them into the bubble in the first place.

Poor bag holders.

>>299503
You know it still charges of a mastercard credit card right? The BTC will be lost, but the money will be returned. Which if you want can be used to buy BTC back.

>>299518
No lol. Cash ATMs have limits as well as ways to track down the perp and enact criminal prosecution which is a major deterrent. With credit cards you also have fraud and theft prevention systems and your money is insured in case of theft.

>>299521
>first bubble

Do you know how many millions people made if they participated then?

>>299521
The only bag holder is going to be you when you're sucking cocks for canned beans outside a ransacked Walmart after a US currency crisis, kike.

>>299527
who said anything about ATM.
I was talking about CASH in pocket.

>>299520
yes

>>299531
wahahaha I love this thread. BTC shills are great entertainment.

>>299529
>>299531

Good luck on your ponzi scheme, kiddos.

>>299534
Who the hell keeps much cash in pocket anyways ? We are talking about "cards" here, retardo.

>>299541
What

>>299539
>>299541
I'll be up to buy your mothers and sisters for a Satoshi when the dollar goes to hell, kikes. Please pass this message along to them.

>>299547
>when the dollar goes to hell, kikes
You really believe all those gold shills don't you? Lmao, stay off the internet.

>>299551
You don't? Oh, wait, you actually watch Colbert and I bet you actually vote too. Oh well, I guess somebody's gotta sink with the ship.

Just remember you won't be able to use the excuse that you weren't warned, buddy.

>>299553
Of course I watch Colbert and I'm not even a Democrat. He is hilarious. The 2 party system is a joke and no I don't vote. And I still think BTC is retarded. Funny how that works, huh?

>>299556
What's funny is that you're actually on the internet projecting any sort of confidence while saying "BTC is retarded"

To me, you look like a faggot with AIDS saying AIDS is awesome and being uninfected is for losers

>>299559
>saying AIDS is awesome
ahahaha
I love you guys

>>299560
You also like taking AIDS jizz up your asshole from what I can tell

>>299544
So you think a debit card which can debit btc from your digital wallet whilst being bootstrapped to mastercards existing payment systme won't have a password or PIN on it as well as some form of consumer protection?

Sounds potato to me.

>>299562
Ooooooh. So feisty.

>>299556
Since when is it acceptable to begin a sentence with "and"? I have been noticing this trend the last couple months it seems lazy.

>>299551
Hey man, the NEET neckbeards need their own Amway to believe in.

>>299567
I'm not your boyfriend

>>299564
Also from the article:
>"If so, the company authorizes the purchase immediately and sells the requisite amount of BTC via bitcoin exchange Bitstamp."

So really you are paying Mastercard a fee to sell your BTC for you and the merchant never even deals with the BTC they see the payment in cash?

You're right that does sound pretty potato to me.

>>299569
It's not necessarily wrong. But (However,) it's informal.

;^)

>>299569
If it bugs you then I would say that is absolutely acceptable. And good.

>>299571
I actually find it interesting that you queers who are too deep in the system to see the writing on the wall always seem to want to expend the energy in trying to troll crypto users

Like when I see a bunch of faggots discussing Jesus and how righteous he is on /pol/, I never think to make the excursion to go troll them because I already know they are so far gone that it would be silly to even bother with people so irrevocably deluded

Similar with hightime homosexuals who vociferously and obediently deepthroat the Jew phallus, only coming up for air when they want to announce to the world that all is fine with the world and that Bernanke and Yellen QE ad infinitum is going to fix everything. I don't bother with you in your threads because we don't speak the same language. You speak the language of the gays. I speak the language of men.

Just know it's never too late, guys. There will be a place on the crypto bandwagon for you somewhere. Maybe it's not Bitcoin, but you can always find a coin whose mission you support and hop on that.

>>299589
>expending energy
>throwing a tantrum and writing a paragraph defending your shitty investment

lel

>>299589
You act like there is some higher meaning to mess with BTC shills. I am just trying to help them get over their rage issues. Call it "anger management" if you will. I am performing a public service.

>>299591
And I'm trying to get you to get over sucking down Jew cum.

>>299596
Stockholm syndrome 101

>>299596
I know you would like to categorize me, box me up and label me. You want to know my political aspirations, my religious leanings, level of education, income and how many shits I take in a day. The answer is 3 shits on average. Sometimes 2. It's all irrelevant. We are talking about Bitcoin and it needs to stand on merits of it's own. If you can't even convince people like me and we make up half of all of these threads, how is Bitcoin going to survive? You need to figure out better arguments. One day you will get through to us with your persuasiveness and charm and an argument so mind-boggling that I will literally fall on the ground and weep. Until that day, I am the rubber to your glue.

>>299615
If I wanted to know any of those things, I would have asked you. I'm not interested though because I see you the same way I see people any other blue pilled idiot.

>>299627
Matrix reference! I got it! Blue pill! That was deep man. Its like you're Neo.... wait no you're Morpheus... and you are leading us to intellectual enlightenment with Bitcoin because you hold the one universal truth that will save us all from the evil Fed. Brilliant. Great analogy.

>>299615
According to the article the debit card will be linked to a hot wallet.
The point is you can have as many digital wallets as you like with different passwords saved on different storage media. You could have bitcoin on your phone and you can transfer to your debit card hot wallet on the fly.

As far as fees go I would personally prefer just using my phone and exchanging the value without the Xapo/Mastercard middlemen, but as so many people won't use a payment system without consumer protection you incur fees.

You can choose to use bitcoin in many different ways, with different fees and varying degrees of anonymity. The beauty of anonymity isn't to shroud criminals in shadow, it's actually to liberate people who do not have government ID or the necessary documentation to participate in traditional payment systems like paypal.

There is no permission you need to participate in bitcoin you can be; young, old, rich or poor.

>>299460
>bankrupt
i see what u did there

>>299636
Why are you assuming that I have an interest in helping you out? If anything, I want you to lose it all and eat lead in your garage.

>>299589
>You speak the language of the gays.
your sharp words against the banksters are admirable but pls, some of us bitcoin users aren't cis scum

>>299639
>liberate people who do not have government ID or the necessary documentation
No, I get it. That's actually probably one of the less shitty arguments for using BTC that I have heard. They question I have is if they can't even get a government ID (or don't want one in the case of illegal immigrants), aren't these the type of people that won't gravitate to new technology or opening a Mastercard account anyways? They would also need to buy BTC in the first place and gateways for the most part require even more documentation than a bank does (Bitstamp asks for current utility bills to verify address). Obviously they could use something like LocalBitcoin and pay in cash for BTC, but then you come to the argument of why would they just use cash in the first place and not jump through hoops? The average person would have to be a staunch Libertarian to go through all of that just to not use fiat (which the average person is not).

>>299664
>use cash in the first place and not jump through hoops
Because you can't stuff cash into your computer and send it digitally

>>299644
Haha, classy. Why are you here shilling Bitcoin then?

>>299670
Funny how you're accusing me of being some conspiracy theorist, yet you're the one who thinks anybody expressing an opinion is "shilling." You're in a thread about bitcoin and surprised to find people invested in btc.

>>299667
Yes but the type of people we are talking about, (that don't have bank accounts) usually pay bills by other means like Western Union or Moneygram which allow them to go through their currency instead of having to buy a speculative commodity that can make their $500 turn into $450 in a day.

>>299678
I use the term "shilling" very loosely. Please excuse my bash on your good character.

>>299690
Western Union and Moneygram take a significant cut of your transaction. Bitcoin takes fractions of a cent as a cut and is practically frictionless.

There is also the issue that many people simply do not want to deal with fiat.

>>299694
Damage control

>>299664
Children signing up for xbox live accounts with parents credit cards is just an example of how people will jump through hoops to get what they want.

To your point, today it is quite cumbersome to buy bitcoin from an exchange, I also had to provide the documentation and I was eventually verified. This is anti-money laundering laws and current government policy at work telling me how to spend my dollars. They don't want you exchanging your legal tender for bitcoin so they make it difficult. Once I have bitcoin it exists in an almost frictionless environment.

Now on to people who won't be able to purchase bitcoin online or from a bitcoin atm. Today I agree it's difficult, basically they need to meet someone in person to pay cash for bitcoin and they need a smart phone or access to the internet if they ever want to spend the bitcoin they buy. It's not unlike email in that you couldn't send or receive it unless you purchased a computer and a modem and paid the phone bill.

In the future the forecast is that internet connections will grow and more people are coming online as well as the current generation growing up in an ever increasing digital age. Already we have things like darkmarket which is an experimental decentralized market place with no barriers to entry for people to communicate deals and it's not outside the imagination that soon bitcoin will become more accessible for the masses. This is the "killer app" buzzword you hear about bitcoin going mainstream. The problem lies in the fact that once this happens you have missed the gravy train on the investment front and herein is the whole debate. The decentralized nature and ability to skirt regulations means this technology is able to grow into it's full potential without external forces or governments being able to shut it down. This lawless innovation is groundbreaking no matter how you slice it and that is exciting.

>>299699
>Western Union and Moneygram take a significant cut of your transaction
Oh yeah for sure. Their fees suck. I personally would never use them, I would use Paypal, bank transfer, or credit card. If I really had to though because I can't get a government ID (which means you usually have more problems than just sending money), and in the case that utility companies accepted Mastercard (and BTC now by default), I think I would rather get a VCC or prepaid debit card to pay my bills. It would cut out that extra step of having to first buy BTC then having to get a BTC Mastercard.

>>299703
You really need to learn sarcasm lol

>>299738
>s-slide it goy!!!11

>>299734
You are not anonymous with a prepaid debit card

>>299744
Oh I don't care about anonymity. I don't think most people care about anonymity.

>>299749
Speak for yourself. I value my privacy.

>>299750
That's because you have autism.

>>299749
Anonymity isn't about privacy it's about not having to prove who you are to enjoy the benefits.

There is a difference.

>>299752
>Anonymity isn't about privacy
In your opinion

>>299751
No, it's because I'm not a cum guzzling faggot like yourself.

>>299751
>anybody with an opinion different than mine
>must be autism

>>299757
He's expressing his frustration because he categorically failed to debunk the utility of crypto versus all the other available avenues for transferring funds

First he asked why you don't use cash instead of BTC. When that failed he

Asked why you don't use Western Union or Moneygram instead of BTC. When that failed he

Asked why you don't use a prepaid debit card instead of BTC. When that failed he

raged out and called me autistic.

Homosexual behavior typical of homosexuals.

>>299755
Privacy is a byproduct of anonymity not the reason for anonymity.

>>299767
In your opinion

>>299380
>mag-strip

>>299719
>The problem lies in the fact that once this happens you have missed the gravy train on the investment front
This is the part of the argument you need to leave out. It makes you guys sound like snake oil salesmen. Every one who owns BTC wants everyone else to buy because the more adoption BTC gets the more the value goes up. When you are financially invested you become emotional, and it shows. I don't mind Libertarians lauding the aspects of BTC in which it supports their political views, but when threads are full of "BTC is going to make you millions!", this is a turn off and purely motivated by greed and bullshit.

>>299761
Damn you really need to look at IDs. You do realize how IDs work, right?

>>299775
Isn't the debate about money? I think btc is valuable and you think it's a waste of time.
If everyone knew they would make money then it's hardly a debate isn't it and why wouldn't you want to make money?

>>299761
Also, you still haven't explained why cash, Western Union, Moneygram, Paypal, Credit cards, Debit cards, wire transfers, virtual credit cards are not better than BTC. I will give you the main reason why they are not:
>Bitcoin is a speculative commodity. It can lose 90% of it's value tomorrow and you would lose 90% of your investment. There is nothing stopping this from happening.

>>299787
I actually gave reasons for that in every one of my posts. If you're going to be a FAGGOT and act like that never happened, then there's really little reason to continue replying to you since you've proven yourself to be insane

>this btc tard

>>299784
You must not be a Libertarian and be using BTC for "the ideals" of it all. Most of the arguments I hear is that BTC is going to replace fiat. Why would you guys keep on thinking of BTC in terms of how much fiat you are going to make if you are using it to escape the current financial system?

>>299380

>trade bitcoin for dollars then give retailers dollars
>some how this is bittcoin being accepted every where

ok :^)

>>299796
>I actually gave reasons for that in every one of my posts
Your reasons were paper-thin lmao

>>299787
>90%
>nothing to stop this

Please

>>299787
>cash
Can't stuff into computer.

>Western Union, Moneygram
Trusting company that can be shut down tomorrow to actually send money at a fee.

>Paypal
You need a bank account or credit card to load paypal. You need a bank account to withdraw funds from paypal this requires you register with documentation. Also fees and paypal could be shut down tomorrow.

>Credit Cards / Debit Cards
They require government issue ID and leave you exposed to theft every single time you use them. Ever rented a car? Governments are able to seize money in bank account and they can stop you from processing payments. Also fees.

The point is btc does not require any sort of permission you participate as you wish. There is no centralization of liability or assets which can be exposed or taken.

Consumer Protection makes credit card fraud possible. ie theft protection. This is also a hotbed for innovation and already we have companies that will insure bitcoin holdings, create card like devices to help facilitate the transfer of bitcoin and use the block chain to provide public transparency with regard to company integrity, which is way beyond a traditional audit. (vault of satoshi).

These are some reasons why bitcoin is better than traditional methods.

>>299831

it lost 13% in the last 30 days. It sucks as a currency.

>>299810
He said you can use bitcoin anywhere, not that it's accepted everywhere.

>>299838
It's not wise to classify BTC as a commodity or currency. It fits many roles.

Is Bitcoin anywhere near stable enough to be a viable currency? No, not really but it's a great new technology and many people are showing interest.

>>299842

>>299389


>That's irrelevant. I'm just letting people know that BTC is now (essentially) accepted everywhere.

>>299810
Yes you can now spend your Bitcoin everywhere by way of on the spot conversions. Pretty fucking nifty.

lol, listening to bitcoin shills is getting sad these days.

>TO THE MOON

>>299846
You quoted the OP, which is what I referenced. He's wrong in any case.

>>299844

BTC does offer some unique uses, but these "currency of the future" people are just annoying. It is worse then fiat for the purpose of trading goods.

>>299866
How is it worse than fiat?

>>299871

Stable fiat (see: not zimbabwe) doesn't drop 50% in one day.

>>299866
Yup, but it's seamless use and potential for investing is great.

Also the fact that scamming people is legal is a plus (for me)

>>299874
You're hedging. I asked you how fiat is superior and you're telling me I'm not allowed to count the fiat currencies that counter your argument.

Already striking out on your first try, faggot. What's wrong?

>>299850

Great you can pay people fees for trading your bitcoin, meanwhile your bitcoins lose value compared to the products you want to purchase, every day.

Or, I can use a credit card that pays me for using it.

Tough choice.

>>299833
>Trusting company that can be shut down tomorrow to actually send money at a fee.
You mean like MtGox?
>withdraw funds from paypal this requires you register with documentation.
You mean like every Bitcoin exchange and probably this service through Mastercard as well?
>Governments are able to seize money in bank account
You mean like Silk Road?
>Consumer Protection makes credit card fraud possible
lolwat? Consumer protection is exactly what it implies it is, protection for consumers against fraud. It doesn't create the fraud, it protects against it. Bitcoin has 0 consumer protection. Once the BTC is gone, it is gone.
>These are some reasons why bitcoin is better than traditional methods.
If these are the reasons then they are very bad reasons.

>>299875
If you're trying to scam people, why would you do it with BTC? They're all computer geeks and high IQ. That's a pretty shitty target.

>>299878
>your bitcoins lose value compared to the products you want to purchase, every day
Incorrect.

How does a credit card that you pay interest on "pay you" for using it?

>>299883
Are you dumb? This isn't 2009-2011

Bitcoin is relatively popular. Go visit bitcointalk.org everyone is a fucking deluded idiot. Why do you think so many fucking shitcoins exist?

>>299887
Good luck with your scams. Let me know how it turns out for you, loser.

>>299885

>Incorrect.

Except that, sens around December that has been very correct.

>How does a credit card that you pay interest on "pay you" for using it?

My card has no annual fee and it gives me points, I pay the cards balance every two weeks and have never paid interest. I use the point to get gift card for major retailers.

>>299897
>good luck

Do you think I'm contemplating this? I've already made over 40k in a month. To be fair it's not sustainable.

>>299883

>high IQ

lol, 10/10.

>>299905
Amazing how stupid /biz/ is

>>299902
Right, and if I use any arbitrary metric I want, I can say that since October, the price of my BTC has risen.

Fact of the matter is you have no idea what BTC's price will be tomorrow or next month, or the month after that.

So shut up.

>>299903
Sure you have, buddy.

>>299915

>Fact of the matter is you have no idea what BTC's price will be tomorrow or next month, or the month after that.

Lol, considering it's highly deflationary, I can make a pretty good guess.

>>299919
>highly deflationary
Kill yourself.

>>299915
>you have no idea what BTC's price will be tomorrow or next month, or the month after that
You do realize this isn't a great argument for your side, right?

>>299918
Obviously proving it would be impossible.

I have roughly 9k spread across another BTC wallet and LTC.

Anyway, look around scams are very very very common.

>>299915

You are still stuck in the past, if you are using btc debit card then you are trading every day, and right now it is going down.

>come to /biz/ for the first time
>first thread is bitcoin investors trying to shill up the price

Jesus

>>299880
Mt Gox was an exchange, to send money you use the bitcoin network and wallet programs; Multibit, mycelium, electrum and bitcoin-qt, to name a few.

You only want to withdraw funds from bitcoin if someone doesn't accept it in person or online. Since Xapo has taken steps to bridge mastercard with bitcoin holders and worldwide btc-atm adoption it seems the technology is already taking steps to facilitate seemless cashout, something paypal has always lacked. Granted it's not anonymous yet and being anonymous has the advantage of requiring no identification or facing arbitrary restrictions, it's still becoming more convenient.

Silk road highlights the problem with centralization. Today we have an experimental decentralized market place platform called darkmarket which runs complimentary to bitcoins blockchain. Innovation is already happening, why bet against it?

Credit Card fraud in a nutshell, you abuse the consumer protection service and hop that due to the sheer volume of fraud claims you get the benefit of the doubt and scam them.


1. Purchase a single item under $5000 on the internet using credit card with theft protection and wait for the item to arrive.
2. Find a buyer for the item at a slight discount rate.
3. Once item arrives sell it, immediately and after park in mall and grab a coffee or tea.
4. Return to your car and make a scene because it's just been broken into. Call the Police.
5. Make sure you file a police report for your stolen sunglasses, mp3 player, laptop and the item.
6. Notice your theft protection hasn't run out so file a claim with your credit card company, luckily you have the receipt and police report.

>>299940

>credit card company talks to online retailer
>item arrived at your house
>you're credit score is now shit
>you are charged with attempted fraud
>you have to pay all the money back

>>299924
Tell me I'm lying
>>299918
Pls

>>299949
You don't send it to your house, get a post box in a town over or better yet cross boarders and smuggle it. I am not going into all the details, we could discuss advertising the item on craigslist and how to sell it, etc. Credit Card fraud happens all the time and this is one of many methods of scamming them. No system is perfect and the best we have so far is the one we will be using.

>>299967

post box would still be under your name, and a address out side the country would immediately put up a red flag and the transaction would be stopped until the company confirmed the purchase with the card owner.

Credit card fraud happens all the time but it's not people doing fraud on their own cards unless they are a fucking idiot, sens you are going to get caught.

>>299940
>seemless cashout, something paypal has always lacked
You do know Paypal has a debit card... right?
>experimental decentralized market place platform called darkmarket
Darkmarket is another Silk Road and will suffer the same fate of Silk Road. The US navy and DEA has already infiltrated into Tor to a certain extent and have task forces fully dedicated to what they call the "Dark Web". Even without a central server they can identify precursors that allow for detection even through onions. Darkmarket isn't even out yet and it is bound to fail.

And with your whole credit card scenario, you don't need to use a credit card to perform insurance fraud lol. I am sure more people will be using BTC for frauds and scams than credit cards because if they get caught? Bitcoin is anonymous. People who participate in illegal activities will always participate in illegal activities, but BTC makes it easier and the average everyday citizen suffers for it.

>>299970
I hope they catch everyone trying to scam the system and even worse are abusers of contract law with the ability to charge customers thousands of dollars after the fact on credit cards for car rental insurance for example:
http://www.cbc.ca/news/canada/british-columbia/budget-rent-a-car-fraud-claims-probed-by-rcmp-1.1238840

>>299978


that article has nothing to do with credit card fraud.

>>299977
Darkmarket is not a centralized server like silkroad it's decentralized by having people who act as third party escrow service providers called arbiters who have monetary incentive because they get paid a fee. These arbiters from my understand act as a node in the network thus the whole thing can operate decentralized and will benefit from a monetized network effect. This is different than any market place in human history where you could find it whether it's a bazaar or a company housing or paying for servers in a physical location. Darkmarket is back to a p2p over the internet ideology and it's only possible due to the invention of bitcoin and the block chain.

>>299978

to elaborate you sign a contract when you rent a car, saying that you a liable for repairs they must make on the car.

They would charge your bitcoin debit card just the same as a credit card.

>>299982
Credit Card has car rental insurance if you use it to rent a car for the initial pre-authorization above estimated charges. The vehicle returns with "new" damage and must be charged to the customers insurance on their credit card. The damage assessment is taken by a sister company of the car rental comany. They have the same owner and there is obvious conflict of interest. The customer has no legal recourse due to the structuring of the rental agreement (contract) and the credit card is charged arbitrarily high costs from the quote provided by the sister company conducting the repairs. The result to the customer is that their credit card premiums increase and the credit card company must now pay the exorbitant repair and replacement costs.

Since vault of satoshi has introduced the public transparency business model by utilizing the blockchain shady business practices like this will be a thing of the past.

>>299985
Stop. Stop. Stop.

I already know it's not centralized. If you would do some research you would understand that there are US. national security organizations dedicated fully to preventing black market operations because of "threat finance networks" and deploying disruptive strategies against them. Decentralization and p2p networks are not as solid as they were 10 years ago and anyone who thinks onion domains are anonymous and untraceable are living in the past. In fact, black markets are such a big deal to governments that they have inter-agency collaboration to react against them.

>>300012
Governments and National Security organizations don't run planet earth. How are they supposed to stop people in China from running these programs? How effective have they been on file sharing? Information wants to be free and it takes a lot of time effort and money to lock it up but time and time again we find it manages to get out.

>>300001
Yeah torrents got shut down hard

;^)

>>300018
> stop people in China from running these programs?
Collaboration with Chinese government?
>How effective have they been on file sharing?
Really damn effective considering they didn't put much effort put into it. The government didn't have any incredible impetus to shut down file sharing services, except in cases where it affected national security and then they went after the individuals and organizations behind them.

>>300026
Kek pls go

>>300030
>I don't know how to refute your point so I am going to laugh!

>>300026
So unfortunately darkmarket is a little ambiguous since there was one organization with that namesake shut down by the FBI in 2008.

Silk road utilized tor and bitcoin and for all it tried eventually failed and was shut down.

The most recent iteration of a free market is also called darkmarket and it isn't centralized. It doesn't rely on tor at all. In fact from this article:

http://www.wired.com/2014/04/darkmarket/

"They have yet to integrate anonymity protections like Tor into the software; currently every user’s IP address is listed for every other user to see."

It's still very much an experiment made possible by bitcoin due to the monetization of the network effect and the blockchain.

Wow this is good news!

>>299507
So you didn't read the link i see.
-This is the respond from Mastercard.
>MasterCard does not have a relationship with Xapo. There is no card program currently available.

Get rekt

pro-tip: if price goes down it means people are selling to other people buying for longer term. it means bitcoin is not dead

>I've not already invested $10k in Vertcoins. Up nearly 8% today already!

>>300758
Lol, no?
It means that lees people are buying as opposed to the amount of people that want to sell and thus the price drops.

>>300761
Somebody get this man a cookie. I'm gonna chuck a few bucks into Vert

It's sad because the bitcoin shills are pushing the merits of bitcoin as a currency while they themselves would never use it as a currency. They're just trying to get people to drive the price up so they can cash out on their investment.

The worst part is, I don't think they even realize what they're doing, they're just trying to win internet arguments at this point because they're all autistic contrarians who think an attack on bitcoin is an attack on their character.

>>300961
did you even read OP's link

>>300968
Shitcoin shill detected

>>300974
shitposter detected

>>300979
Whatever you say, kiddo.

https://www.youtube.com/watch?v=PErUiAyVoGc

>>300991
what

The update posted today to the OP is pretty damning, considering the PBOC has just cracked down on bitcoin.

https://coinreport.net/bank-of-china-warns-bitcoin-reacts/

Buy the rumor, sell the fact.

>>300961

Exactly nobody really wants to use bitcoin to buy stuff, they just want to make money from other idiots with the same intentions. Bitcoin was probably more respectable when it was mostly used to buy drugs and services on TOR, today is nothing but lazy greedy neets who want to get extremely rich by doing nothing.

It has also become some kind of sick cult, the delusion of bitcoins tards reminds me of hardcore christians when they truly believe that Bitcoin will be worth thousands of trillions of dollars by the time they are 40 and governments and everyone will use some shitty ugly program to move the world economy.

>>301457
I really want to use bitcoin to buy stuff, and I just preordered a Xapo card. Ask me anything.