Cameron And Tyler Winklevoss Release Statement On Arrest Of BitInstant CEO

Bitvik

newbie

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I'm sure they had no prior knowledge of the CEO's private activities on Silk Road - and even if they did, they are sure to distance themselves as quickly and as far away as possible. Bitcoin is here to stay and will get more mainstream respect as additional major international players start accepting it over the coming 1-2 years.

xslugx

sr. member

Activity: 293

Merit: 250

The fact of the matter is any CryptoCurrency will always be used for illegal activities. As will cash, gold and yes laundry soap as I just learned (I actually laughed at this one). And there will be no amount of regulations that will stop this. We cannot control the drug issue in the US or any other country for that matter. It's just that Bitcoin and cryptoCurrency is so new to the general public it's easy for the media to point to all the bad things happening and say "this is why we should not use it", that's when the smart people of the public go, "but people use lots of things for illegal activities". This will be a back and forth subject for a long time, it will eventually be a hot topic for politics and new business but right now It's the hottest target because it's new. As long as we (the community) stay behind it, there will not be a problem. They would have to shut off the internet completely to stop Bitcoin and even then they would have a hard time stopping it, I am sure there are enough underground hardcore crackers/hackers that would keep it alive.

Sonny

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Quote from: Flashman on January 31, 2014, 08:14:21 AM

I'm not joking about the laundry soap...
http://nymag.com/news/features/tide-detergent-drugs-2013-1/

wow, I didn't read that before. Thanks for the link

Quote

On certain corners, the detergent has earned a new nickname: “Liquid gold.”

Flashman

hero member

Activity: 518

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Hodl!

I'm not joking about the laundry soap...
http://nymag.com/news/features/tide-detergent-drugs-2013-1/

Sonny

hero member

Activity: 868

Merit: 1000

Quote from: Flashman on January 31, 2014, 06:32:25 AM

So is everything from gold through dollars and laundry soap.

lol at laundry soap Tongue

And you can very likely find drugs on your banknotes.

Flashman

hero member

Activity: 518

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Hodl!

So is everything from gold through dollars and laundry soap.

Smileyftw

member

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Merit: 10

bitcoins is already associated with illegal activities

hilariousandco

global moderator

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Join the world-leading crypto sportsbook NOW!

Quote from: CCHarris on January 29, 2014, 02:32:08 AM

Lethn,

Please don't be like the rest of the people on this forum, that would rather be a smartass than say something of use, or share some information! The title is not misleading or trying to attract people to look at the post. The events really happened the CEO of Instantbit.com was indicted on charges of money laundering, which is a company the Winklevoss twins have heavy supported and backed financially...

Regards,

CH

In fairness this does look misleading without a link to the actual statement / quote.

odolvlobo

legendary

Activity: 4466

Merit: 3391

Quote from: CCHarris on January 29, 2014, 02:32:08 AM

The title is not misleading or trying to attract people to look at the post. The events really happened the CEO of Instantbit.com was indicted on charges of money laundering, which is a company the Winklevoss twins have heavy supported and backed financially...

Lethn is complaining that you didn't actually provide the statement. Here is the missing statement:

Quote

When we invested in BitInstant in the fall of 2012, its management made a commitment to us that they would abide by all applicable laws - including money laundering laws - and we expected nothing less. Although BitInstant is not named in today’s indictment of Charlie Shrem, we are obviously deeply concerned about his arrest. We were passive investors in BitInstant and will do everything we can to help law enforcement officials. We fully support any and all governmental efforts to ensure that money laundering requirements are enforced, and look forward to clearer regulation being implemented on the purchase and sale of bitcoins.

CCHarris

newbie

Activity: 42

Merit: 0

Lethn,

Please don't be like the rest of the people on this forum, that would rather be a smartass than say something of use, or share some information! The title is not misleading or trying to attract people to look at the post. The events really happened the CEO of Instantbit.com was indicted on charges of money laundering, which is a company the Winklevoss twins have heavy supported and backed financially...

Regards,

CH

Lethn

legendary

Activity: 1540

Merit: 1000

Please don't be like other people and put deliberately misleading titles in your thread to get them to look at it.

CCHarris

newbie

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The Chinese bank, why do you say that?

odolvlobo

legendary

Activity: 4466

Merit: 3391

They should have invested in HSBC instead.

CCHarris

newbie

Activity: 42

Merit: 0

Does anyone think Winklevoss twins had anything to do with or knowledge leading to the arrest of BitInstant.com CEO?
The Winklevoss twins were major backers in the company that was charged in charged with several cases of money laundering... So what does everyone think? Is bitcoin going to be always be associated with illegal activity, or will it ever shine through in a positive light?

Regards,

CH

Topic: Cameron And Tyler Winklevoss Release Statement On Arrest Of BitInstant CEO (Read 1045 times)