Topic: [2019-10-10] How the U.S. Government Tried – and Failed – to Shut Down Bitcoin - page 2. (Read 347 times)
October 12, 2019, 01:34:29 AM
I won't be very surprised if this is true. Back in 2011, Wikileaks started accepting donations in BTC to stay online (the FBI tad taken down all the other methods of funding). The Americans tried really hard to block BTC donations to Wikileaks, but they failed. That was when they realized that Bitcoin can pose a real challenge to their authority. They might have tried 51% attack or some other method, but in the end they failed to destroy Bitcoin. And now Bitcoin has grown too big and I really doubt whether the FBI can do anything about it.
October 11, 2019, 04:59:13 PM
She wasn't the first person who wanted to go after Bitcoin, a year earlier two US senators tried to do the same thing around the time Gawker published an article about SR:
Not the first not the last. In some cases I doubt it's pure ignorance on their side, because these types have advisors and whatnot doing research for them. Most of them know damn well that Bitcoin can't be shut down. It's more likely an attempt to discourage the common joe from getting started.
What's the first that comes up to most people's mind when they hear/read about Bitcoin for the first time? "Governments, aren't they going to shut it down, etc?"
These are scare attempts in my opinion. I legit had a family member of mine send me a similar article last year because he was worried about the status of Bitcoin. The price was going down as well, which he thought was the main reason. Look at the current timing of this article. It's no longer coincidence.
October 11, 2019, 04:16:07 PM
It's in the article, it seems she wised up.
you're equally confused.
Neurotic Fish was suggesting this US Attorney made a plan to commit a crime, I'm saying that wasn't in the article. Despite how prevalent corruption is in US government departments, US Attorneys are usually prosecuting crimes, not planning them
October 11, 2019, 03:07:44 PM
what
crime
did
Katie Haun
and
the
US Attorney's office
plan
to
commit?
crime
did
Katie Haun
and
the
US Attorney's office
plan
to
commit?
It's in the article, it seems she wised up. But it also says she prosecuted people for 'money laundering', and that can mean a lot.
She wasn't the first person who wanted to go after Bitcoin, a year earlier two US senators tried to do the same thing around the time Gawker published an article about SR:
https://www.reuters.com/article/us-financial-bitcoins/senators-seek-crackdown-on-bitcoin-currency-idUSTRE7573T320110608
October 11, 2019, 06:52:15 AM
It's the perfect conspiracy theory, because it cannot be checked.
what
crime
did
Katie Haun
and
the
US Attorney's office
plan
to
commit?
October 11, 2019, 03:07:16 AM
Satoshi Nakamoto being anonymous helped a lot. Maybe bitcoin developers already knew that a crackdown is coming. Being decentralized in nature, there is nothing governments can do to shut down on bitcoin. Not even banning miners and considering it illegal since there are many forms and ways miners can do, the world is big.
Yeah, Satoshi suddenly disappeared after Gavin Andresen said he was going to talk at the CIA, see it's coming? Satoshi know the right thing to do to avoid any attempt to crack down bitcoin.
Quote
Now the US is trying to regulate it to assert control on stake holders. The autocratic Chinese government knowing it cannot control bitcoin did massive bans. Binance for example left China, stood still and now its one of the biggest crypto exchange in the world.
Even if many countries tried to hold bitcoin development, it's unstoppable and there are some bitcoin-friendly countries such as Malta and Liechtenstein. Cryptocurrency will thrives there.
October 11, 2019, 01:17:50 AM
It's the perfect conspiracy theory, because it cannot be checked. Also can make somebody rather famous. A few shows here and there, a few articles here and there and the person becomes known and may even become influencer or whatever.
Although such scenarios are possible, I would not jump into believing them right away. As said, probably Satoshi is anonymous exactly to avoid this kind of scenarios.. or worse.
Although such scenarios are possible, I would not jump into believing them right away. As said, probably Satoshi is anonymous exactly to avoid this kind of scenarios.. or worse.
October 10, 2019, 10:15:39 PM
Satoshi Nakamoto being anonymous helped a lot. Maybe bitcoin developers already knew that a crackdown is coming. Being decentralized in nature, there is nothing governments can do to shut down on bitcoin. Not even banning miners and considering it illegal since there are many forms and ways miners can do, the world is big.
Now the US is trying to regulate it to assert control on stake holders. The autocratic Chinese government knowing it cannot control bitcoin did massive bans. Binance for example left China, stood still and now its one of the biggest crypto exchange in the world.
Now the US is trying to regulate it to assert control on stake holders. The autocratic Chinese government knowing it cannot control bitcoin did massive bans. Binance for example left China, stood still and now its one of the biggest crypto exchange in the world.
October 10, 2019, 10:09:18 PM
I would be tickled thinking the three but the last one is really amazing and quite interesting. It is easy to assume, using this narrative, that the government (or rather some personalities working for the government) found out that it is impossible to shut down a decentralized network like Bitcoin but still thanks to the government anyway that unlike China it did not ban the many cryptocurrency exchanges and other crypto-related businesses based in the USA though it is getting stricter everyday and regulatory measures are getting burdensome...the many prices to pay in doing business with the top economy.
No government can ever do against Bitcoin but they can make trading, ownership and doing business with cryptocurrency so difficult if not impossible. As a disruption with the traditional financial and economic system, Bitcoin will naturally attract enemies specially with the regulators and politicians (old guards of the palace). This where the role of the government can be so critical relative to goal of a more widespread use and adoption of Bitcoin.
October 10, 2019, 12:39:17 PM
I'm not sure what tickles me more - that the U.S. government thought that it could "take out" Bitcoin, that Ms. Haun
sidestepped its agenda and had the foresight to learn about and understand crypto rather than just knee-jerk reacting,
or the massive contributions she has made to the space since then.
A former federal prosecutor turned Bitcoin proponent has revealed that her boss at the U.S. Attorney’s office asked her
to look into shutting down Bitcoin.
The year was 2012 and Katie Haun, then a federal prosecutor with the U.S. Attorney’s office, didn’t know anything about
Satoshi Nakamoto’s Bitcoin – until she was asked to investigate and “take down” the world’s flagship cryptocurrency.
“They said ‘we have this perfect assignment for you’ – there’s this thing called Bitcoin and we need to investigate it,” Haun
recounted in a recent interview with CNBC.
“That was the first time I’d ever heard of Bitcoin,” she added.
Read in full: https://micky.com.au/how-the-u-s-government-tried-and-failed-to-shut-down-bitcoin/
sidestepped its agenda and had the foresight to learn about and understand crypto rather than just knee-jerk reacting,
or the massive contributions she has made to the space since then.
A former federal prosecutor turned Bitcoin proponent has revealed that her boss at the U.S. Attorney’s office asked her
to look into shutting down Bitcoin.
The year was 2012 and Katie Haun, then a federal prosecutor with the U.S. Attorney’s office, didn’t know anything about
Satoshi Nakamoto’s Bitcoin – until she was asked to investigate and “take down” the world’s flagship cryptocurrency.
“They said ‘we have this perfect assignment for you’ – there’s this thing called Bitcoin and we need to investigate it,” Haun
recounted in a recent interview with CNBC.
“That was the first time I’d ever heard of Bitcoin,” she added.
Read in full: https://micky.com.au/how-the-u-s-government-tried-and-failed-to-shut-down-bitcoin/
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