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Forum » Coin crackdown is on (I explained this weeks ago)
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Thread: Coin crackdown is on (I explained this weeks ago)

post 1638458503 05-13-2021, 07:43 AM
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Coin crackdown is on (I explained this weeks ago)

Tesla withdrew BTC because of sanctions violations.

All companies will stop taking bitcoin this week, The notice from the Fed came out this week to them, Either stop or have a CDD program, which for tesla would cost a billion dollars every couple of years.

The US right now has officially sent the message that using these coins to buy products is over.
post 1638458763 05-13-2021, 07:49 AM
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link to your explanation
n4l
Rayaarito
fappin
r32gojirra
post 1638458823 05-13-2021, 07:50 AM
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Buy more Eth
Halal
post 1638458933 05-13-2021, 07:52 AM
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Bitcoin: APeer-to-PeerElectronic Cash System
post 1638459173 05-13-2021, 07:55 AM
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post 1638459223 05-13-2021, 07:57 AM
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Originally Posted By GeezersPalace⏩
All companies will stop taking bitcoin this week
lol no, they won't.
post 1638459723 05-13-2021, 08:05 AM
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Originally Posted By ymer⏩
Your point?
even if what OP says is true, it doesn't destroy bitcoin as it still has a use case of peer to peer money transfer as originally designed. will it have a negative price impact at first; probably. besides, there are more countries in the world than the USA.

but OP posts no proof, so i dont believe him
post 1638459943 05-13-2021, 08:07 AM
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post 1638460033 05-13-2021, 08:08 AM
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The US cannot stop something it has no control over. Phukking global overlords want it all. As of controlling the central bank isn't enough.

Phukk off. It's our turn now *******s.
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post 1638460063 05-13-2021, 08:08 AM
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Elon just purposely manipulating market to fuk over citadel.
Ol' 71st street. The devil that birthed me.

606 G0D.
post 1638460123 05-13-2021, 08:09 AM
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Post deleted by user
post 1638460173 05-13-2021, 08:09 AM
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#12
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Originally Posted By ymer⏩
I still fail to see your point.

Bank transfers are also peer to peer. Actually, any transaction is peer to peer...
Actually, bank transfers require the bank, the middleman. BTC is truly peer to peer. There is nothing in the middle. So, you're wrong.
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post 1638460243 05-13-2021, 08:10 AM
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Originally Posted By Fozzy13⏩
link to your explanation
here you go this is a very important thread everyone should read

https://forum.obnoxiousbrutes.com/showt...hp?t=180147223
post 1638460483 05-13-2021, 08:15 AM
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post 1638460643 05-13-2021, 08:16 AM
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buy high sell low
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post 1638460803 05-13-2021, 08:18 AM
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Cardano crew checking in. I am a noncoincel and cardano is the only one I believe will take off. DCA in cardano and little bit of ETH.

Just lol at bitcoin.
post 1638460873 05-13-2021, 08:19 AM
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Makes me wonder if people would still buy the dip if something like this happens.
post 1638461263 05-13-2021, 08:23 AM
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Source: Trust me bro
post 1638461513 05-13-2021, 08:27 AM
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Thank fuk no one gave a copy of their ID or CC details to those fly by night apps.
post 1638461943 05-13-2021, 08:32 AM
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Originally Posted By GeezersPalace⏩
Tesla withdrew BTC because of sanctions violations.

All companies will stop taking bitcoin this week, The notice from the Fed came out this week to them, Either stop or have a CDD program, which for tesla would cost a billion dollars every couple of years.

The US right now has officially sent the message that using these coins to buy products is over.
lol at the thought that anyone was using coins to buy products, and not just riverboat gamble with
post 1638462173 05-13-2021, 08:35 AM
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This analysis of how expensive and pointless anti-money laundering efforts are makes good sense to me.

But odds are that we will continue to spend a lot of time and money making life needlessly difficult for no good reason.

https://www.forbes.com/sites/davidbi...h=1d92c6493111
Yet although we are only intercepting a miserable one percent of the dirty money, the costs that the regime impose on the finance sector are staggering. And these enormous costs achieve virtually nothing. The Money Laundering/Terrorist Financing (ML/TF) regime is, according to the Journal of Financial Crime 25(2), "almost completely ineffective in disrupting illicit finances and serious crime”.

Worse still, as Paul and Lisa indicate, not only does the regime we have now do little to hamper terrorists, money launderers, drug dealers, corrupt politicians or mafia treasurers, it does massively inconvenience law-abiding citizens going about their daily business. As is pointed out by a paper in the Journal of Money Laundering Control 17(3), the Financial Action Task Force (FATF) identification principles, guidance and practices have resulted in "largely bureaucratic" processes that do not ensure that identity fraud is effectively prevented. Were strict identification requirements to be imposed everywhere and in all circumstances, though, there would be an even more negative impact on financial inclusion because of the barriers that Lisa referred to. How would this factor in cost-benefit analysis?

(The issue of cost-benefit analysis is an important one, but I don’t want to get side-tracked here. Suffice to note that I saw a presentation from my old friend Michael Mainelli a decade back when he reported on a City of London study on the cost-benefit of AML, noting that in common with other similar studies that it was unable to find any benefits at all, only costs.)

(There are other negative impacts from the current “high walls” approach. I remember a discussion with the then-Treasury minister Andrea Leadsom at techUK back in 2015, during which she noted that CDD is itself a friction against a more competitive financial services sector because it serves to create a moat around the larger incumbents.)
The author essentially argues that we should reduce the barriers that keep people outside of the official financial system and instead use AI to monitor financial activity and spot fraud/money laundering.
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post 1638462183 05-13-2021, 08:35 AM
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Originally Posted By ymer⏩
BTC requires miners to process the transactions, actually many of them.

I guess you own a lot of chitcoins (BTCs) and that's why you drank all the fkn koolaid. lmao
Negative. ETH, LTC & ADA for me.
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post 1638462243 05-13-2021, 08:36 AM
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#23
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Bitcoin’s original purpose was to circumvent government oversight not for a bunch of corporations to accept it

Just fckinnnn LMAOOOOO at nocoincels srs
Make Misc Great Again
post 1638462293 05-13-2021, 08:38 AM
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Originally Posted By Mj-drewfan32⏩
Cardano crew checking in. I am a noncoincel and cardano is the only one I believe will take off. DCA in cardano and little bit of ETH.

Just lol at bitcoin.
All the other coins are tied to Bitcoin's success. If you look at what happened yesterday/today, all of them followed the exact same trend bitcoin did. Strong drop, slight increase and then another gradual drop and rise. You could overlay the graphs on top of one another.
post 1638462363 05-13-2021, 08:39 AM
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post 1638462403 05-13-2021, 08:40 AM
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it will survive btc crashed a few times and rebounded
Ambatukam!!!!!

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Crypto expert
post 1638462513 05-13-2021, 08:42 AM
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post 1638462593 05-13-2021, 08:43 AM
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Surely a no avi miscer is privy to this insider information
post 1638462743 05-13-2021, 08:46 AM
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OP has confirmed a perma ban bet with me that if companies still take btc after this week he will get perma banned. Mirin balls op
I'll globe you

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post 1638462963 05-13-2021, 08:50 AM
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Originally Posted By Mj-drewfan32⏩
Cardano crew checking in. I am a noncoincel and cardano is the only one I believe will take off. DCA in cardano and little bit of ETH.

Just lol at bitcoin.
Literally all the famous wealthy people are shilling bitcoin and ethereum. I have not heard one person on cnbc or anything other channel say anything about cardano.
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