Bitcoin [BTC] now accepted for bail at Federal Court - page 4.

Baofeng

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Quote from: PsylockReborn on August 17, 2018, 11:58:04 AM

https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

Bitcoin is really going mainstream now. Even a federal court is already asking payments for bitcoin or any other crypto as bail. Is this news really legitimate or just another fake one just to at least ease our minds of what's happening recently to the crypto market. Hope this adoption of crypto even in federal courts will show great performance when it comes to the crypto market. So for all of those guys who have qualms about the situation of the market right now specially the dips of bitcoin, we just have to chill and relax then wait for the bull run soon.

Any news that says bitcoin is now accepted is very welcoming. But I'm not sure how will this affect crypto as a well. And it also give some credibility to bitcoin because it is a Federal Court who recognise it. Might set a precedence as well and the next time we know, it slowly creeping as well to other courts as well. Let's hope it will be the case.

Quote from: PsylockReborn on August 17, 2018, 11:58:04 AM

What are your thoughts on this? Will this create great impact to bitcoin's value? Share your thoughts.

Short term, I see some impact. But this is just a small factor to contributing to bitcoin's value increasing in the next years or so.

josephpogi

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Quote from: PsylockReborn on August 17, 2018, 11:58:04 AM

https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

Bitcoin is really going mainstream now. Even a federal court is already asking payments for bitcoin or any other crypto as bail. Is this news really legitimate or just another fake one just to at least ease our minds of what's happening recently to the crypto market. Hope this adoption of crypto even in federal courts will show great performance when it comes to the crypto market. So for all of those guys who have qualms about the situation of the market right now specially the dips of bitcoin, we just have to chill and relax then wait for the bull run soon.

What are your thoughts on this? Will this create great impact to bitcoin's value? Share your thoughts.

this news is so good so we willl see that the bitcoin have a real potential in the future or soon so until the value of bitcoin is too low its more good to adopt more this until its not too late because i am sure that sooon the value of this will going increase so high.

jseverson

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Quote from: Don Pedro Dinero on August 18, 2018, 12:39:50 AM

I’ve googled that, and there are some crypto online papers that have published the news, but I’ve googled adding “Daily Post”, which is supposed to be the source, and nothing appears. I don’t know if one published the bait and the rest eat it or the Daily Post published it but for some reason it doesn’t appear in the search.

The OP's article's source isn't the popular UK Daily Post itself, but a local Californian Daily Post:

Quote from: https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

According to a report in a local newspaper [California], Daily Post published on 15th August, a 25-year-old Serbian-Italian national Martin Marsich was asked to pay for his bail in Bitcoin BTC or any other cryptocurrencies, at the San Francisco Federal Court, after being arrested for hacking a video game company.

I found the source article (Palo Alto Daily Post) though I have no idea why they don't simply link their sources. Here it is:

https://padailypost.com/2018/08/15/federal-courts-now-accepting-cryptocurrency-for-bail/

I also realize that the first bitcoin.com link I've posted earlier in the thread wasn't exactly convincing, so I tried to look for a few more reputable (or well known, at least) sources:

https://gizmodo.com/judge-orders-alleged-ea-games-hacker-to-pay-750-000-ba-1828413591
https://www.cnet.com/news/judge-sets-bail-at-750k-in-cryptocurrency-for-alleged-ea-hacker/
https://www.kotaku.com.au/2018/08/judge-orders-alleged-ea-games-hacker-to-pay-1-million-bail-in-cryptocurrency/ (1 million AUD for the skeptics lol)

I'm glad that everyone is on guard against fake news especially with baffling pieces like this, but it really looks like this happened. Shout outs to the criminals in here lol.

Don Pedro Dinero

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Quote from: Pursuer on August 18, 2018, 12:17:21 AM

Quote from: PsylockReborn on August 17, 2018, 11:58:04 AM

https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

sources like this are not reliable sources. these websites publish anything without even paying attention to the content, and most of them times it is only for click bait purposes.

and this news seems more like a one case thing where bitcoin was used as bail although I don't know if it is even the truth or not, but it doesn't seem to be the law as a common thing to use bitcoin for bail. and since price of bitcoin is pretty volatile I don't think they really want to accept bitcoin. not to mention that bitcoin is not regulated.

I’ve googled that, and there are some crypto online papers that have published the news, but I’ve googled adding “Daily Post”, which is supposed to be the source, and nothing appears. I don’t know if one published the bait and the rest eat it or the Daily Post published it but for some reason it doesn’t appear in the search.

Kasliono

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Quote from: PsylockReborn on August 17, 2018, 11:58:04 AM

What are your thoughts on this? Will this create great impact to bitcoin's value? Share your thoughts.

In my opinion, this is a good thing for bitcoin future, as we know that the purpose of bitcoin has been made to become a currency. It is not an asset, when the bitcoin already accepted in several places as a currency, then it is a good news for bitcoin. Also, the prices will be going up again. Stay HOLD and Buy More..

Pursuer

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Quote from: PsylockReborn on August 17, 2018, 11:58:04 AM

https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

sources like this are not reliable sources. these websites publish anything without even paying attention to the content, and most of them times it is only for click bait purposes.

and this news seems more like a one case thing where bitcoin was used as bail although I don't know if it is even the truth or not, but it doesn't seem to be the law as a common thing to use bitcoin for bail. and since price of bitcoin is pretty volatile I don't think they really want to accept bitcoin. not to mention that bitcoin is not regulated.

jseverson

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It seems to be true:

https://news.bitcoin.com/judge-hacker-pay-bail-cryptocurrency/

It's nice that crypto is getting recognition for this, but what some people don't seem to know is that bail shouldn't necessarily be cash:

Quote from: https://www.nolo.com/legal-encyclopedia/bail-getting-out-of-jail-30225.html

Bail is cash, a bond, or property that an arrested person gives to a court to ensure that he or she will appear in court when ordered to do so. If the defendant doesn't show up, the court may keep the bail and issue a warrant for the defendant's arrest.

...so this incident doesn't really have any positive implications for crypto being used and accepted as currency.

It's pretty interesting how the judge requested for crypto specifically though. Maybe she just assumed he had some stashed because he's a hacker? Lol.

joniboini

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I've read the article and I still don't understand the reason why the judge ordered him to pay using crypto?
BTW, it seems it doesn't reflect how government bodies in general thought about cryptocurrency, as Steve Wagstaffe said that the same thing won't happen at the San Mateo County Superior Court. This is more or less a personal decision from the judge because they're allowed to choose anything for bail. Anyway, if every judge acts like this, maybe mainstream adoption will come faster in USA (at least related to bail).

dothebeats

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Which goes to show how the government is confident on accepting crypto and have somehow accepted that bitcoin will be a part of the future. Upon reading the article, it seems that the judge ordered a certain bail to be paid in bitcoin or any cryptocurrency, which gives it a go-signal for acceptance on the Federal Court and possibly any other government services that requires payment. I hope that you can use bitcoin in any other things, not just paying a bail which does not seem to happen almost often, but knowing that they have allowed it, there's a huge chance that other government branches and services would follow suit.

PsylockReborn

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https://ambcrypto.com/bitcoin-btc-now-accepted-for-bail-at-federal-court/

Bitcoin is really going mainstream now. Even a federal court is already asking payments for bitcoin or any other crypto as bail. Is this news really legitimate or just another fake one just to at least ease our minds of what's happening recently to the crypto market. Hope this adoption of crypto even in federal courts will show great performance when it comes to the crypto market. So for all of those guys who have qualms about the situation of the market right now specially the dips of bitcoin, we just have to chill and relax then wait for the bull run soon.

What are your thoughts on this? Will this create great impact to bitcoin's value? Share your thoughts.

Topic: Bitcoin [BTC] now accepted for bail at Federal Court - page 4. (Read 1291 times)