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Thailand's SEC Approves Bitcoin, Bans Bitcoin Cash (fxstreet.com)

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[–]NimbleBodhi 66 points67 points  (13 children)

Is there supposed to be an article with supporting source(s) that accompanies this headline? The only thing linked to is some technical analysis, I see nothing about Thailand SEC...

[–]Cryptolution 50 points51 points  (1 child)

I wondered the same thing so I did a quick search. Here's actual info.

https://www.coindesk.com/thai-sec-bans-three-cryptocurrencies-from-ico-investment-trading-pairs

Link to actual Thai SEC statement -

https://www.sec.or.th/en/Pages/News/Detail_News.aspx?tg=NEWS&lg=en&news_no=23&news_yy=2019

[–]hitforhelp 26 points27 points  (0 children)

Thanks! So it seems like they've not actually banned BCH, just clarified they won't allow it to be used for ICO's which Considering the number of scam ICO's may not be a bad thing.
It also states that this news does not endorse any one coin as being legitimate and legal tender.
Makes the posts title a bit misleading and clickbait.

[–]BluntTruthGentleman 7 points8 points  (6 children)

Ban incoming

[–]StopAndDecrypt 1 point2 points  (5 children)

You're more likely to get a ban for saying "ban incoming" than you are for the OPs comment. However both are pretty unlikely.

[–]Spartan3123 3 points4 points  (2 children)

why is shit like this upvoted are people blind to their own bias. Oh title humiliates bcash must upvote click bait.

This was probably posted by some dumb bcash troll

[–]gulfbitcoin 2 points3 points  (0 children)

Because OP made up their own title. You see that all the time. An article that has a buried comment from an entry level trader about how interesting Bitcoin is becomes "WALL STREET GURU GUARANTEES BITCOIN WILL BECOME MORE VALUABLE THAN THE DOW!!!!!"

Of course it doesn't help that the average Redditor has a 6th grade reading level so they only upvote titles, not articles.

[–]stevedeery 2 points3 points  (0 children)

Or it was posted as useful information. Certainly how I read it - but I’m not a grievance looking for a cause

[–]AltCoinSmaltCoin 0 points1 point  (0 children)

Same

[–][deleted] 239 points240 points  (35 children)

you dont have to ban a coin that no one is using.

[–]SAT0SHl 36 points37 points  (6 children)

"This is my Bitcoin, there are many like it,.... but this one is mine!"

[–]Tamburello4674 5 points6 points  (1 child)

they dont wanna reveal that their real plot was to SOLIDIFY BTC's DOMINANCE!!!!!

[–]AussieBitcoiner 8 points9 points  (0 children)

they've (along with the countless shitforks since) certainly proven you can't just fork bitcoin and create another currency on equal footing with it.

[–][deleted]  (2 children)

[deleted]

    [–][deleted] 1 point2 points  (1 child)

    Oprah!

    [–]connornishijima 0 points1 point  (0 children)

    Hoopla!

    [–]olliec420 3 points4 points  (0 children)

    That’s my bitcoin! I don’t know you!

    [–]antikama 3 points4 points  (0 children)

    I had a look at the bcash bitfinex chart and the volume is pitiful compared to bitcoin.

    [–]MotherPotential 26 points27 points  (25 children)

    If we believe in free market principles, we should believe in them across the board. Barring an outright scam, I think the market should be the one deciding this. I'm not a fan of bcash's tactics, but I am thankful to that bcash dev for catching the btc inflation bug.

    [–]skz- 11 points12 points  (17 children)

    I'm out of the loop i guess, which bug?

    [–]dooglus 9 points10 points  (0 children)

    There was a bug that allowed transactions to spend the same input twice in some situations. So you could take your 10 BTC utxo, spend it twice in the same tx and end up with 20 BTC. An inflation bug, allowing the supply of BTC to be arbitrarily inflated. It was fixed before it was exploited.

    https://bitcoincore.org/en/2018/09/20/notice/

    https://cointelegraph.com/news/the-anatomy-of-bitcoin-cores-recent-bug

    https://medium.com/@awemany/600-microseconds-b70f87b0b2a6

    [–]MasterBaiterPro 3 points4 points  (15 children)

    The bug he's talking about was found months ago, in 2018 and already got fixed.

    [–]acousticcoupler 10 points11 points  (14 children)

    Okay, but which one?

    [–]laggyx400 8 points9 points  (9 children)

    There was a bug with spending an input twice in the same block. It would allow it if confirmed in the same block.

    Edit: newer nodes at the time wouldn't reject the block while older nodes would and it would've split the chain.

    [–]Bitcoin1776 9 points10 points  (8 children)

    It was found by this guy (Edit: or an associate of this guy): https://twitter.com/deadalnix

    Who is also working on Avalanche and did BCash Check Points, both of which are cool tech. Check Points (wallet level) prevent 'rewind attack' financial loss at the institutional level (no double-spends-hash-attacks). Avalanche uses NODES to validate transactions, to submit to the Miners. There are TONS of advantages here but one of which I would suspect is an anti-censoring mech, as miners couldn't refuse Segwit (for example) - or any other transactions. Another is that for Bcash, it allows for better verifiable 'instant' confirmations.

    Example: Two transactions are submitted, low-fee is fake, and high fee comes second and empties the address from trans low-fee (or both can be high fee, if miner excludes select transaction). But with 'avalanche' miners can't exclude transactions.

    Regarding the bug, I think it allowed for the Bitcoin Subsidy (12.5 BTC) to be spent twice within the same block, IF the miner verifies it himself (with BTC nodes verify transactions BUT the miner can issue the transaction and not submit it to nodes, and mine the block theirself) - I think this was a one-time thing to get up to 12.5 BTC per time... but it would have created over 21 Mil bitcoins, which would suck.

    This bug was created by a Core Dev, and verified and approved by another Core Dev with signature. It existed for about 1.5 years, I think, before Awemany caught it, working on Bitcoin ABC wallet code. He privately messaged the Core Devs and a few others, who called up Coinbase and the exchanges to let them know how big of deal this was.

    Then the Core Devs issued an update, calling it a 'not so big deal, but everyone needs to update, update' - and quickly becoming more panicked. After about 4 months 15% of 'active nodes' had upgraded. However, only a miner could have caused the split, so it wasn't terribly relevant to all update immediately.

    Awemany got reprimanded for issuing a Medium article detailing the bug after BTC had uploaded a patch for about 12 hours. Many in BTC claimed he was taking credit for something BTC discovered, and others claimed he was taking credit before BTC was ready for him too.

    Overall, it was a super good catch, and we can be very glad he was working on BTC code, catching AND SHARING this bug discovery.

    [–]dooglus 5 points6 points  (4 children)

    It was found by this guy : https://twitter.com/deadalnix

    No, it was found by /u/awemany.

    https://medium.com/@awemany/600-microseconds-b70f87b0b2a6

    [–]jakesonwu 1 point2 points  (0 children)

    Timeline for September 17, 2018: (all times UTC)

    14:57 anonymous reporter reports crash bug to: Pieter Wuille, Greg Maxwell, Wladimir Van Der Laan of Bitcoin Core, deadalnix of Bitcoin ABC, and sickpig of Bitcoin Unlimited.

    15:15 Greg Maxwell shares the original report with Cory Fields, Suhas Daftuar, Alex Morcos and Matt Corallo

    17:47 Matt Corallo identifies inflation bug

    19:15 Matt Corallo first tries to reach slushpool CEO to have a line of communication open to apply a patch quickly

    19:29 Greg Maxwell timestamps the hash of a test-case which demonstrates the inflation vulnerability (a47344b7dceddff6c6cc1c7e97f1588d99e6dba706011b6ccc2e615b88fe4350)

    20:15 John Newbery and James O’Beirne are informed of the vulnerability so they can assist in alerting companies to a pending patch for a DoS vulnerability

    20:30 Matt Corallo speaks with slushpool CTO and CEO and shares patch with disclosure of the Denial of Service

    20:48 slushpool confirmed upgraded

    21:08 Alert was sent to Bitcoin ABC that a patch will be posted publicly by 22:00

    21:30 (approx) Responded to original reporter with an acknowledgment

    21:57 Bitcoin Core PR 14247 published with patch and test demonstrating the Denial of Service bug

    21:58 Bitcoin ABC publishes their patch

    22:07 Advisory email with link to Bitcoin Core PR and patch goes out to Optech members, among others

    23:21 Bitcoin Core version 0.17.0rc4 tagged

    [–]coinjaf -2 points-1 points  (1 child)

    Load of FUD mixed scamcoin promotion. You bcashers are so pathetic.

    [–]jakesonwu 1 point2 points  (0 children)

    His post reeks of cointelpro tactics as does most of the other bcash posts in here.

    [–]SpaceTire 1 point2 points  (2 children)

    https://www.bgp4.com/2018/09/22/the-latest-bitcoin-bug-was-so-bad-developers-kept-its-full-details-a-secret/

    [–]Tamburello4674 0 points1 point  (1 child)

    whoa is this real

    [–]SpaceTire 0 points1 point  (0 children)

    yeah, pretty scary stuff.

    [–]ZedZeroth -1 points0 points  (0 children)

    Google "bitcoin bug"

    [–]Benedict_ARNY 1 point2 points  (0 children)

    Agreed. These scams and shit coins will fail. Give it time. Bitcoin will bring them down once it gets low enough. Then it will rise from the ashes.

    [–]BashCo 2 points3 points  (0 children)

    Barring an outright scam

    Given that many (most?) prominent Bcashers attempt to promote Bcash as if it were actually Bitcoin, it easily falls into the outright scam category. However, thanks to community persistence in calling the scam out, it has been mostly ineffective, making any kind of state regulation unnecessary.

    [–]simplelifestyle 0 points1 point  (2 children)

    If we believe in free market principles, we should believe in them across the board. Barring an outright scam

    How is it a scam banning a scam? Bcash is nothing but a well-funded (by s scammer) centralized useless altcoin.

    [–][deleted] 1 point2 points  (0 children)

    Right, but who's the judge of that? Who gets to determine if it's a scam or not? If you nominate someone, then what's to stop them from claiming Bitcoin is a scam too? If it's popular vote, the it's susceptible to manipulation... If it's the open market (arguably a "popular vote" of sorts), then shitty coins will fade off and people will learn (and lose). I'm of the opinion that they should all be allowed, and let idiots lose their money.

    [–]CharlyDayy 0 points1 point  (1 child)

    Agreed. We don't need to be barring anything... the only thing it does is increase awareness, and desire to procure it at that point.

    [–]snphan 1 point2 points  (0 children)

    Lol was thinking the same thing

    [–]YoungThurstonHowell 82 points83 points  (9 children)

    Bcash wasn't actually banned from anything other than ICO fundraising. Your title is misleading.

    [–]Oo0o8o0oO 18 points19 points  (1 child)

    And since when do any crypto enthusiasts care about a government banning their currency of choice?

    [–]UnknownEssence 16 points17 points  (0 children)

    when do any crypto enthusiasts care about a government banning their currency

    When it fits the narative

    [–]Uberse 9 points10 points  (6 children)

    That's right, and they also banned Litecoin, which, as far as I'm aware, is a totally legitimate altcoin.

    [–]CrzyJek 4 points5 points  (4 children)

    It's as legitimate as Bitcoin. And the most legitimate altcoin. It's Bitcoin's little bro.

    [–][deleted]  (1 child)

    [removed]

      [–]CrzyJek 0 points1 point  (0 children)

      Yup

      [–]1fastdak -5 points-4 points  (1 child)

      lightcoin is bitcoins little bro. Shitcoin#1 just wants to steal the bitcoin name to con new people just joining the space.

      [–]parishiIt0n 0 points1 point  (0 children)

      Is bitcoin's praegustator

      [–]coinjaf -1 points0 points  (0 children)

      Litecoin obviously scam. One of the earlier ones.

      [–]bitroll 39 points40 points  (2 children)

      Couldn't care less for BCH but I find it beyond ridiculous they pick some coins and disallow others. Geeeezus...

      [–]bytor2 1 point2 points  (1 child)

      If goal is to protect consumers, makes some sense.

      [–][deleted] 3 points4 points  (0 children)

      Yeah cryptos future is government regulation and central bank approval I'm so excited.

      [–][deleted]  (41 children)

      [deleted]

        [–]btcwerks 8 points9 points  (4 children)

        Bcash still works in the country right?

        It's still the same playing field (the internet) for digital decentralized money that people adopt and use over time. Bitcoin isn't "legal" everywhere yet it's still valued by everyone as internet money.

        bcash has an opportunity to prove value or another reason to pack it up eventually...depends how you look at it.

        [–]click_again -5 points-4 points  (1 child)

        But bcash is a scam coin trying to market itself as the real bitcoin.

        The SEC of thailand has the responsibility to protect its citizen and took a measure to do so. This definitely help the new comers from mistakenly buy bcash instead of bitcoin ended up losing their money.

        [–]btcwerks -1 points0 points  (0 children)

        bcash is a scam coin trying to market itself as the real bitcoin.

        That's the point, they have the opportunity to prove its better or even that it has a use... IF they do that over time the adoption and value will increase.

        Value and adoption has only declined since that fork though...

        load more comments (2 replies)

          [–]rustyBootstraps 64 points65 points  (4 children)

          I pretty much agree, except I dislike bcash.

          [–][deleted]  (2 children)

          [deleted]

            [–][deleted]  (1 child)

            [removed]

              [–]SpaceTire 2 points3 points  (0 children)

              Bitcoin Judas

              load more comments (1 reply)

                [–]Rhader 10 points11 points  (3 children)

                I agree. This ruling is a desperate attempt for the bureauRATS to stay in power. I laugh at their pathetic dictates

                [–]Motor-boat 3 points4 points  (2 children)

                You wouldn't be laughing if you were a businessman using bcash

                [–]sreaka 2 points3 points  (0 children)

                I would, cause it would be a terrible business decision.

                [–]flowbrother 1 point2 points  (0 children)

                You make it sound as if there are 'businessmen' who use bcash. At 2K per block, it looks like it's only jihan and roger moving their funds around.

                [–][deleted]  (8 children)

                [deleted]

                  [–]HeyZeusChrist 1 point2 points  (3 children)

                  Never forget:

                  https://archive.fo/etIyK

                  Edit: Also this treasure:

                  https://archive.fo/GPmSb

                  [–][deleted] 2 points3 points  (2 children)

                  This article is misleading and the Bch should be in jail already.

                  [–]HeyZeusChrist 1 point2 points  (0 children)

                  https://archive.fo/GPmSb

                  don't forget this treasure.

                  [–]HeyZeusChrist -2 points-1 points  (0 children)

                  It never ceases to amaze me how the shills insist that article isn't the least bit deceptive.

                  [–]gl00pp 0 points1 point  (0 children)

                  RV is like the ultimate grifter shaking down newbies and souring them on 'crypto'

                  I swear he's a CIA/ABC muppet

                  load more comments (3 replies)

                    [–]Dude-Lebowski 3 points4 points  (0 children)

                    Math illegal again?

                    [–]CryptoNoob-17 4 points5 points  (1 child)

                    I don't see a problem if a government wants to protect its people from a scam coin. bcash isn't exactly on the same level as bitconnect, but still, they are no good for the crypto space.

                    bcash idiots try to sell their alt as the "Real Bitcoin", well this is what it got them. They're all about Satoshi's white paper like a bunch of religious nuts, but they conveniently forget the part where Satoshi explains which chain is Bitcoin in case of a hard fork.

                    [–][deleted] 0 points1 point  (1 child)

                    Yeah, except Bcash claimed themselves bitcoin. They misled people into believing and buying bcash instead of bitcoin. This is the definition of a lunatic.

                    [–][deleted] 1 point2 points  (0 children)

                    People must be protected from scams.

                    [–]F0rtysxity 0 points1 point  (0 children)

                    Wow. That’s sticking to your guns. And a solid point. I laughed when I saw the news though. Hahahahaha. Sorry.

                    [–]Motor-boat 1 point2 points  (1 child)

                    people should be free to use whatever they want.

                    except when usage of said "whatever" does more harm than good, governments have a reason to amend laws for the benefit of the general population. That's literally why governments, particularly democracies, exist.

                    [–]ragnoros 4 points5 points  (0 children)

                    Thailand has a monarc...

                    [–]cm9kZW8K 0 points1 point  (0 children)

                    i do dislike bab-btrash, but i think the market was doing a fine job of killing it without the thai governments help.

                    [–][deleted] 0 points1 point  (2 children)

                    Except that BCH can be confusing for people who don’t know the difference between bitcoin and bitcoin cash and to prevent scammers it makes sense to block one.

                    [–][deleted]  (1 child)

                    [deleted]

                      [–]Motor-boat -3 points-2 points  (1 child)

                      Gov't makes law to protect its citizens. Murder can be profitable, but that's no reason to condone it. Bcash can be profitable.

                      [–]D_Davison -1 points0 points  (0 children)

                      Great logic

                      [–]GrouchyEmployer 17 points18 points  (3 children)

                      Yeah I'm not celebrating this random arbitrary selection of assets that a state made.

                      [–]fdfgererrsd33d 6 points7 points  (2 children)

                      It is for ICO regulations. Title is wrong.

                      [–]GrouchyEmployer 1 point2 points  (1 child)

                      Thanks for the clarification.

                      [–]fdfgererrsd33d 1 point2 points  (0 children)

                      NP, I hate bitoin cash but also hate random govt bullshit more.

                      [–]steesi 8 points9 points  (4 children)

                      This won't stop people from buying bitcoin cash as long as they have access to crypto. Not a chance these regulators understand this though.

                      [–]flowbrother 0 points1 point  (3 children)

                      Bcash is completely unknown and unused in SE Asia.

                      It only has a tiny amount of traction in N Queensland and Umerca.

                      [–]Cowboy_Coder 2 points3 points  (2 children)

                      False. I used Bitcoin Cash to pay my rent today, in Chiang Mai, Thailand. Very cheap transfer fees.

                      [–]flowbrother 0 points1 point  (0 children)

                      Mate, I'm still super curious about your bcash transaction.

                      Please, no kidding, if there's a place to dump my bcash bags there via my buddy, I really need to know.

                      Please provide me the info.

                      [–]flowbrother 0 points1 point  (0 children)

                      That is a total laugh. Proof? I know the bakery guesthouse has made thousands of lightning transactions already, but bcash use?!?!? In chiang mai?!?!?

                      Completely unbelievable!!!!

                      Where???

                      I've got a buddy lives out there and i owe him some money from years ago, would love to send him my bcash airdrop from the fork while it still has SOME value and he can then spend it wherever this mystery place in chiang mai that accepts bcash is.

                      Maybe seeing the power of international instant transfer, I can get him onboarded to bitcoin.

                      My conscience will make me explain to him to dump it immediately, being a bosscoin/corpcoin scam and all of course, but would love to pay him back seeing he helped me out in a tough time so long ago.

                      [–]LTCmaniac 4 points5 points  (0 children)

                      Wtf??any logics?

                      [–]RonTurkey 4 points5 points  (2 children)

                      I am not a fan of Bitcoin cash, but this smells and feels like fake news!

                      [–]steele404 0 points1 point  (1 child)

                      No it isn’t. It’s on the official SEC website, both in Thai and in English.

                      The translation is accurate too. I’m half Thai.

                      But the the op tittle is misleading.

                      [–]RonTurkey 1 point2 points  (0 children)

                      Yeah, in my world, misleading means fake news.

                      [–]theymos 3 points4 points  (0 children)

                      Government regulation is never good. Governments picking winners and losers is government control, which is anathema to Bitcoin, even if we might temporarily benefit from some specific examples. When you mix manure with ice cream, the manure is unaffected, but the ice cream is forever ruined. (You can IMO reasonably argue that some BCH promotion is fraudulent, conflating BCH with Bitcoin, but that's a civil dispute.)

                      [–]AdvancedExpert8 38 points39 points  (0 children)

                      Cries in Roger

                      [–][deleted] 9 points10 points  (1 child)

                      Why did they ban bitcoin cash? Whats the point?

                      [–][deleted] 9 points10 points  (1 child)

                      i dont like Bitcoin Cash. This doesn't mean anything to either coin, its amusing that these people in Thailand think they have any control over any of this

                      [–]captain_obvious_here 6 points7 points  (0 children)

                      Well, they can pass laws and make bitcoin cash illegal to buy/sell/use.

                      And then they can punish people in Thailand for buying/selling/using bitcoin cash.

                      That's a level of control.

                      [–]InterdisciplinaryHum 2 points3 points  (1 child)

                      Source?

                      [–][deleted]  (1 child)

                      [deleted]

                        [–]drdavethedavedoctor 0 points1 point  (0 children)

                        House Coinjoy

                        [–]dietrolldietroll 2 points3 points  (0 children)

                        Yay tyranny!

                        [–]DJBunnies 5 points6 points  (0 children)

                        Hilarious.

                        [–]zomgitsduke 4 points5 points  (5 children)

                        Honestly, the government picking and choosing which BTC is legal is a little alarming.

                        How long until a "government friendly" fork is allowed while the "native" BTC is banned?

                        [–]flowbrother -1 points0 points  (4 children)

                        Saying something as asininely stupid as 'which bitcoin' is more than a little alarming. You've drunk the coolaid.

                        The whole reason people outside of Umerca (like the Thai) are enamoured with bitcoin is for one reason only:

                        It's the world's first and ONLY bossless medium of exchange.

                        ALL the forks that try to ride the bitcoin 'brand' are bosscoins. Globally, people are wary of switching the old boss (banksters) for the new boss (altcoin website 'team').

                        Only Umercans are falling for the whole myspace/facebook false analogy.

                        [–]zomgitsduke 3 points4 points  (3 children)

                        Dude the whole point of decentralized currency is that people have a choice. You suggesting that "your choice" is the only correct choice is an attempt at telling people what to think.

                        Saying I've drunk the cool aide? Sounds like you're trying to push your own drink on me.

                        I consider myself a Bitcoin(BTC) maximalist, but when people like you come along and say "you didn't blatantly agree with me so you're wrong", you're abandoning the concept of letting people decide for themselves. Let people make their own informed decisions, as that is how free and fair markets are born.

                        [–]norfbayboy 0 points1 point  (1 child)

                        Let people make their own informed decisions, as that is how free and fair markets are born.

                        What is born from misinformed decisions tho?

                        [–]zomgitsduke 1 point2 points  (0 children)

                        Market losers are born from that. And when their assets lose value, they reflect on their decisions.

                        [–]flowbrother 0 points1 point  (0 children)

                        I'm pretty sure I'm not infringing on anyone's civil liberties to 'chose' anything.

                        I'm just pointing out the obvious, which is that as much as the crypto space likes to bandy around the term 'decentralized', it doesn't mean diddly squat when that 'decentralization' is backed by some slick website of the latest 'crypto team' bosscoin.

                        Bitcoin has grabbed our attention worldwide, not because of some 'ease of use' frictionlessness' of the digital realm or ANY other reason, but because it is bossless.

                        [–]Marcion_Sinope 12 points13 points  (0 children)

                        I think I saw it twitch.

                        Shoot it again.

                        [–]cdm9002 1 point2 points  (0 children)

                        This is misleading. Bitcoin was already approved, but Litecoin, Bitcoin Cash and Ethereum Classic have been removed from the original 7 coins from last year as being allowed as base trading pairs and for investing in ICOs.

                        The 4 approved coins are now only BTC, ETH, XRP and XLM.

                        The regulator emphasized that this change will not affect crypto investors or businesses in the country in any way because licensed exchanges are not currently using them as base trading pairs and no ICO has been approved for investments. [source]

                        [–]Miffers 1 point2 points  (3 children)

                        Both Bitcoin Cash?

                        [–]flowbrother 0 points1 point  (2 children)

                        Yes, both

                        [–]Miffers 1 point2 points  (1 child)

                        Winning

                        [–]flowbrother 1 point2 points  (0 children)

                        Winning at lowest hash rate, fastest fall in value, most centralized bosscoin, stupidest user base...

                        I could go on.

                        [–][deleted] 1 point2 points  (2 children)

                        https://www.coindesk.com/thai-sec-bans-three-cryptocurrencies-from-ico-investment-trading-pairs

                        [–]supershwa 1 point2 points  (1 child)

                        Thank you.

                        In a nutshell:

                        July 2018, Thailand SEC announced its citizens would be allowed to invest in ICOs using the currencies: Baht, BTC, BCH, ETH, ETC, LTC, XRP and XLM.

                        Thursday, they removed BCH, ETC and LTC from that list.

                        [–]danielsan1782 1 point2 points  (0 children)

                        And most importantly:

                        "It should be noted that the announcement of the cryptocurrencies for base trading pairs is not a certification of their legal tender status or other legal statuses, nor is it a certification of any kind related to such cryptocurrencies."

                        [–]jetrucci 1 point2 points  (0 children)

                        Roger Ver's tears... bu bu but babieessss

                        [–][deleted] 1 point2 points  (0 children)

                        Cross post this to /btc/ and watch how fast they freak out and ban you. It is fun.

                        [–][deleted] 1 point2 points  (1 child)

                        At the time, the SEC said that only Thailand’s national currency, the baht, and seven cryptocurrencies can be used to invest in ICOs: bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ether classic (ETC), litecoin (LTC), XRP and stellar (XLM).

                        isnt that the exact opposite of what OP says?

                        [–]piposta1 1 point2 points  (0 children)

                        People should be free to use what they want and competing correncys is a good thing but theres an exception for Bcash.

                        Bcash claims on Bitcoin.com, wallets or r/btc that it is btc. It is not fair competition, its a scam. People arent "using what they want", when they accidently buy BCH because it claims its the real Bitcoin BTC.

                        The sooner BCH and BCHSV go away the better.

                        [–]AssteroidDriller69 3 points4 points  (2 children)

                        Thailand has finally started cracking down on traps.

                        ​

                        #Bangkok2013 #neverforget

                        [–][deleted] 2 points3 points  (0 children)

                        Lol good one. Burn btrash!

                        [–]stoopidmeeeeee 1 point2 points  (0 children)

                        Underrated comment right here lol

                        [–]quinnaa199 8 points9 points  (0 children)

                        Bitcoin Cash is trash

                        [–]poopiemess 3 points4 points  (0 children)

                        Who cares?

                        [–]1107461063 6 points7 points  (0 children)

                        HAHA

                        [–]buffalolsx 6 points7 points  (5 children)

                        You won't see this on r/btc

                        [–]zluckdog 1 point2 points  (4 children)

                        yes if you browse /new/ but they set the vote count to 0 to prevent it from being seen by anyone not curious to see their censors.

                        [–]Okymyo 3 points4 points  (0 children)

                        You can't set vote counts...

                        [–]flowbrother -2 points-1 points  (2 children)

                        That place is so over-censored, it is ridiculous.

                        [–]imhiddy 5 points6 points  (1 child)

                        Are you for real or did you drop a /s? If not that's pretty hilarious, complaining about rbtc censorship in rbitcoin lol.

                        [–]flowbrother 1 point2 points  (0 children)

                        I got shadow banned on my very first comment there.

                        I got completely banned shortly thereafter.

                        No, there is no /s

                        It is way over censored. Almost all of the posts and the comments are dominated by less than 20 members and if you don't tow the party line disinformation brigade, they come down on you hard.

                        I know they like to claim r/bitcoin is censored, but in reality, it is the old counter-accuse what you are yourself doing, attempt take the moral high ground bullshit, which is really taking place over there.

                        It's a cesspool. Very entertaining, yes.

                        But a censored disinformation cesspool non the less.

                        [–]Starkgaryen69 3 points4 points  (0 children)

                        FUCK BCASH

                        [–]ktreektree 3 points4 points  (1 child)

                        I thought it was called B cash?

                        [–]flowbrother 3 points4 points  (0 children)

                        Outside of r/btc It is.

                        [–]Subroyal0418 3 points4 points  (0 children)

                        GOOD!

                        [–]WonderboyUK 1 point2 points  (0 children)

                        Haha

                        [–]xiaopewpew 1 point2 points  (0 children)

                        Bitcoin fanboys : bitcoin is a revolution taking our power back from governments and big banks yay!

                        Bitcoin fanboys : government regulation yay!

                        [–]cenourinha123 0 points1 point  (0 children)

                        Bcash is a scam, since Thailand cant get Roger in jail i think its a good move baning Bcash

                        [–]rustyBootstraps 1 point2 points  (0 children)

                        lol wut

                        [–]CuriousBasket 2 points3 points  (1 child)

                        crazy that underdeveloped countries are taking more strides than developed ones!!

                        [–]flowbrother 1 point2 points  (0 children)

                        Umerca is waaaaay behind

                        [–]flowbrother 1 point2 points  (0 children)

                        The Thais are so familiar with western style corporate scams like bcash. They've seen every scam under the sun. Spotting roger coin and faketoshi coin wasn't that hard for them.

                        They are the only SE Asian nation to never be colonized by the Dutch East India Company - the descendants of which, are the perps behind the bcash attempt to take control of bitcoin.

                        They see through these kinds of mega illusions.

                        Long live the king.

                        [–]davidd00 0 points1 point  (0 children)

                        direct link to the article? When I click it it takes me to something completely different.

                        edit: NVM this is all it says:

                        In terms of news flow, Thailand’s SEC Actually removed Bitcoin Cash (BCH), Litecoin (LTC) And Ethereum Classic (ETC) From Crypto’s Eligible For ICO Fundraising. The regulatory body will only allow; Bitcoin (BTC), Ethereum (ETC), Ripple (XRP) and Stellar (XLM). Detailing that no cryptocurrency, even those on their approved list, are certified as legal tender in the country.

                        [–]GabeNewell_ 0 points1 point  (0 children)

                        • Whats the source? There's no source listed.
                        • Additionally, the quote from the non-sourced article only makes the following reference to Thailand. Ending with "NO CRYPTO IS LEGAL TENDER"

                        In terms of news flow, Thailand’s SEC Actually removed Bitcoin Cash (BCH), Litecoin (LTC) And Ethereum Classic (ETC) From Crypto’s Eligible For ICO Fundraising. The regulatory body will only allow; Bitcoin (BTC), Ethereum (ETC), Ripple (XRP) and Stellar (XLM). Detailing that no cryptocurrency, even those on their approved list, are certified as legal tender in the country.

                        ​

                        [–]Anen-o-me 0 points1 point  (0 children)

                        Seems like a strange decision.

                        Ripple isn't even a cryptocurrency.

                        [–]thedude8950 0 points1 point  (0 children)

                        Bahahaha

                        [–]ChampramBenjaporn 0 points1 point  (0 children)

                        aaaaaaaaaaashahahshshhshshshshhahahassssaaaaaaa aaaaaaaaaaaaaaaaaaa call an amber lamps

                        [–]cryptowarrior01 0 points1 point  (0 children)

                        Smart decision!

                        [–]devbisht8 0 points1 point  (0 children)

                        Nice .. loved it

                        [–]dombledore 0 points1 point  (1 child)

                        Can someone tell me how to buy bitcoin in Thailand? Thanks

                        [–]samsonx 0 points1 point  (0 children)

                        Sign up to bx.in.th and buy it there. They've been around for years now.

                        Also you can get BCH there, it's not banned, seems to be banned from ICOs or something like that.

                        [–]autosaft 0 points1 point  (0 children)

                        Untrue

                        [–]Ibizugbe7 0 points1 point  (0 children)

                        If true, then they have good eye sight.

                        [–]coffeeshopguru 0 points1 point  (0 children)

                        Lol!

                        [–]candese 0 points1 point  (0 children)

                        Sweden did the same. They banned onecoin and allow bitcoin.

                        [–][deleted] 0 points1 point  (0 children)

                        BIIIIIIIIITCCCCOOOOOONNNNEEEECT

                        [–][deleted] 0 points1 point  (0 children)

                        Thai regulators LoL

                        [–][deleted] 0 points1 point  (0 children)

                        loool thailand sec is a joke

                        [–]bernardkay 0 points1 point  (0 children)

                        Ahhahhahhaaa! Go Thailand!

                        [–]shutupandlistenordie 0 points1 point  (0 children)

                        What kind of Shit does this mean?

                        [–]Rhader 0 points1 point  (0 children)

                        Bitcoin Trash

                        [–]DesignerAccount 0 points1 point  (0 children)

                        But... but... babies will die because of this!!! /s

                        [–][deleted] 0 points1 point  (0 children)

                        This just makes me want to buy and spend some bcash

                        [–]Memohigh 0 points1 point  (1 child)

                        THEY JUST DISSAPROVED ICO FUNDRAISING WITH BITCOIN CASH NOT BITCOIN CASH!!!

                        [–]flowbrother -1 points0 points  (0 children)

                        They KNOW Bcash is a scam.

                        It's time you saw the writing on the wall and followed the wisdom of this ancient culture.

                        Bcash is over, the failure was very public and very spectacular. Lightning is here. BTC is thriving.

                        Move on.

                        [–]S00rabh 0 points1 point  (0 children)

                        That sucks. I like BCash

                        [–]k_artem 0 points1 point  (1 child)

                        !lntip 1000

                        [–]lntipbot 0 points1 point  (0 children)

                        Hi u/k_artem, thanks for tipping u/bitsteiner 1000 satoshis!

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                        [–]knut11 0 points1 point  (0 children)

                        Look at my new, uummh, "Ferrari Car"! It's just like Ferrari. But this is the real one now. Mine has a bigger trunk...

                        Bcash is just a fraud. Make your own Roger coin, nobody cares! But stealing the name makes it a fraud.

                        [–]CBScott7 -1 points0 points  (0 children)

                        I'm pretty sure no one likes bcash. And even if people did, it doesn't do anything better than dozens of other coins that don't mooch off the main chain's name to stay relevant.

                        Roger, if you happen to read this: haha, get fucked

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