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Bitconnect Slapped with Securities Emergency Cease and Desist Order

Discussion in 'Digital Currencies' started by Goldhedge, Jan 6, 2018.



  1. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Bitconnect Slapped with Securities Emergency Cease and Desist Order

    On Thursday the Texas Securities Commissioner (TSC) signed an Emergency Cease and Desist Order to stop Bitconnect from operating. The mysterious company is a popular bitcoin lending platform with a 4.1 billion USD market capitalization, and is long accused of being a scam.
     
  2. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    I don't want to sound like a broken record, but, how many more are scams?
    Answer:
    All of them. Bitcoin is the biggest of them all.
    Creating entries in a ledger, and selling the entries in the ledger for thousands of dollars, that you put in an electronic wallet, that has been proven to be hackable. It is one big cluster fuck.
    This is the biggest scam since The Federal Reserve Act.
    Bunch of lemmings, getting closer to the edge.
    Reminds me when Elmer Fudd stuck the barrel in the rabbit hole, only to be redirected out another hole and up Elmer's ass. BOOM!
     
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  3. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    The government is waiting for everybody to go all in and then they are going to stop the music.
     
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  4. Mujahideen

    Mujahideen Black Member Midas Member

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    How is it a scam? It’s just a ledger. Supply and demand work this way.

    People want to pay that much so it goes for that much.
     
  5. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    Ok then. What is being supplied? A means to sloppily make a payment.

    One day soon, people are going to start getting it, and when they do, it will be a sort of revealation, and Cryptos will go the way of the tulip Mania.

    What event causes Cryptos to become worthless? A government edict? A war? A culling of the internet? An EMP? An EMP could wipe your wallet forever, and could cause the internet to be down for months, if not years.
    The bits and bytes on your ledger go poof.

    In the mean time, my stack is safely resting in a place that I can put my hands on no matter what. If you don't hold it, you don't own it.
     
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  6. southfork

    southfork Mother Lode Found Mother Lode

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    A scam worse than the Fed dollar printing
     
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  7. Mujahideen

    Mujahideen Black Member Midas Member

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    No one is forcing anyone to use bitcoin. If you want to pay 10k for a spot on a ledger and store it in a hackable wallet, that doesn’t make it a scam. You can say it’s not wise, but it’s not a scam. Is the ledger not telling the truth? Has the ledger been hacked? how is it a scam?

    But it is practically impossible to not use government money. We are forced to be robbed by our government.
     
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  8. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    I agree it is not wise. It's still a scam, selling nothing for mucho dollars. Scam in my book.
     
  9. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Whoever bought 1 BTC @ $20k thinking they were going to be millionaires by Christmas are in for a big surprise.
     
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  10. GOLDZILLA

    GOLDZILLA Harvurd Koleej Jeenyus Midas Member

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    Look what happened to the pm.s today. Maybe this caused it?
     
  11. Mujahideen

    Mujahideen Black Member Midas Member

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    They are selling a position on the ledger.
     
  12. anywoundedduck

    anywoundedduck Gold Member Gold Chaser

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    I agree.
    I also have a bridge for sale in Brooklyn.
     
  13. southfork

    southfork Mother Lode Found Mother Lode

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    A fake ledger, you can buy a ledge book at Office max for 2 bucks, bit coin was made out of thin air , ergo crypto
     

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