Topic: Is TradeFortress breaking the law? - page 3. (Read 11077 times)

How is TradeFortress offer any different from Pirateat40's Ponzi scheme offer?


>From at least ____ to ____ (“relevant period”), Shavers, operating under
>the Internet name “pirateat40,” offered and sold BTCST investments over
>the Internet

=

>Shavers falsely promised investors up to 7% interest weekly

=

>In reality, the BTCST offering was a sham and a Ponzi scheme



http://www.sec.gov/litigation/complaints/2013/comp-pr2013-132.pdf

Here is a sneak preview from our upcoming website: minecraft.exe

TF will know what that means.

And check out this hilarious IRC chatlog from #ubuntu-server on IRC:


The community trusts this anonymous person (who isn't so anonymous after all! ) with approximately $2million in BTC. Dafuq is going on here?

Oooooo, I am excited!



I delete posts that add no value.  If you can criticize an idea you are welcome to post.  If you are loudmouthed money launder who is in TFs fan club and your response includes personal attacks it will, again, be removed.

We will be launching a new website soon dedicated to open discussion about TradeFortress, his various websites and alleged scams he has done.

There will be lots of useful information on it along with hard evidence. Stay tuned guys!

This thread is pointless, since Viceroy deletes posts which he does not like...

I deposit BTC into coinlenders, BTC no appear!

He breaks the law!

Now ripple on the other hand, they blatantly lie on their web site,
They claim it is open source - yet they refuse to release the source.

Lying and deceiving people like that does make them a bad guy.

Ripple wants to control the money flow, you need XRP to use the system and they have all the control over who gets all the XRP.
It's a straight up scam.

I suspect his BTC loan business will fail as well, but I don't know that he has nefarious intent. He very well may believe it will work and perhaps it will.

Trying something that others suspect will fail doesn't make him a bad guy.

The legal aspect, well, I'm not a lawyer and I'm not familiar with the laws and case history in his country. Hopefully for the kind of operation he is running he has hired one.

So what?  What does His making it clear have to do with anything?  By way of example I stand on the corner and sell crack.  But I say I'm not a crack dealer.  and.... so what?


Attack me all you want but realize that 33% of us think TF is less than a stellar character, so my belief is hardly unique.  TFs bank is going to fold and your bitcoins WILL be lost.  

What's annoying to me is FUD like you are spreading.  You neglect to mention the FACT that pawnbrokers are registered and follow loses in the state in which they operate.  TF hides in the shadows trying to avoid the law that requires banks to be registered.

He makes it pretty clear that it's not a bank.

I'm well aware of that.

All your competition has to do thoug is make small purchases and watch happens to the transactions, where it is spent and what other inputs it is mixed with when it is spent.

You sir are the master of trolls.

No. Actually you are just annoying as hell. Just for your information, not only banks can lend money, everyone can, and everyone can hold money and return it with an/against an interest.  Pawnbrokers do that all the time....
To the legal problem: Bitcoin is a commodity and is traded as such in all of Europe as per European law regarding ecurrency. So he is not doing anything illegal. His lendingservice is also not illegal, since credits given from a private entity are also legal. He never called himself a bank AFAIK, so there is also no problem regarding that definition. I can't believe I read through your whole crappy thread...
Seriously you americans are really going on my nerves sometimes. Let's see: Per your definition everyone dealing with US citizens and breaking US law in a different country is guilty of a crime? In the Netherlands it is legal to buy weed (which is legal in California too IIRC) so every Coffeeshopowner is breaking the law! AS is everyone in California selling weed to non Californian US citizens? Or what about US citizens putting their cash on the caimans? Is every Bank clerk there now guilty of aiding and abiding tax evasion and money laundering? Get off your high horse before your government claims it's illegal and pulls it from under your idiotic ass....

I'm happy to have all kinds of discussions but lets keep this particular thread focused where it should be... on TradeFortress questionable activities and determining if those activities are breaking any laws.

Since Bitcoin is "not anonymous" and you're confident about the primary use of mixers, surely you can provide some data as to what percentage of mixer volume is for criminal money laundering, and what percentage is innocent people who desire privacy?

Damn, I honestly thought I could draw you in with some name calling.  Colour me disappointed.

Ok, well then fine.  No, this is not about gay men in Iran or whatnot but it well could be.  That's one of the magical aspects of bitcoin if you believe in the supernatural powers of government which you certainly seem to.  The freedom in individual financial sovereignty granted by this decentralized private money service (anonymous and private are different) is a real and direct challenge to government capital controls and that's what money laundering laws are.

If you can't see why AML is as devoid of justification as the Government of Argentina banning American dollars then you aren't getting it.

All that said, yes TF may indeed be exposed to government superpowers at some point and currently, depending on the jurisdiction that notices him, that could be a significant problem or nothing to worry about at all.  Time will tell but does that make him a criminal?  ...well, I tend to think that a lot of people that governments label as criminals really aren't criminals but indeed are law breakers.

Ah, a thinking person ....


And to the person who suggested money laundering is not a crime I recommend you move to Bikini Atoll because in the rest of the world it's a crime.  Bitcoin was not designed to be the new money of the mafia nor was it designed to be anonymous.  Every transaction is recorded in public.  Look to Liberty Reserve to see what happens when criminals use digital currency.  

Alice: The idea of using a mixer to disguise "vendor payments" is nonsense since any vendor can just create a new address at any time.  Unless the vendor is trying to hide income from the tax man there is no reason I can fathom that requires mixing.  

Let's be honest and state that "the primary use of coin mixers is now and will forever be to wash bitcoin that was used in criminal transactions".  It certainly is not about gay men who live in homophobic countries who buy playgirl.  


Further:


So by deduction it WAS the case for SOME PERIOD OF TIME.   Don't believe me, read TF's own words and come the same conclusion that (up until yesterday?) he was storing passwords in the clear.  Nice.

I don't distrust TradeForest as a businessman but I have my doubts if he can withstand legal scrutiny. So won't be putting BTC in Coinlenders as I was considering to do.

Real men who happen to be gay in that situation in some countries run a real risk of being killed.  Take your self important attitude and fucking stuff it you twerp.  The world doesn't exist in an American centric bubble.

While bitcoin is not anonymous, it is private and that does have very real positive applications.  The ability to anonymize yourself also has great utility.  Now, if you want to convince yourself that money laundering is indeed a crime, you can go ahead and stay in your little mental midgetry of course.  No one will stop you but as far as victimless crimes and capital control issues go, money laundering is certainly anti-freedom.  Shucks, it's too bad that bitcoin will help your local weed retailer evade the police but I guess you have a real hard on for busting drug vendors...like liquor store clerks?

Whatever, anyhow, that's not even the core of the argument.  The core issue here is having the freedom to undertake personal wealth management free from capital controls.  The drug thing is just one example among many of crimes that aren't crimes and technologies like bitcoin facilitate anonymity that allows people to get out of the government crosshairs.  Whatever you think of drugs, sex for cash, homosexual people or who knows what, you're basically complaining that bitcoin and mixer services might stop your moralistic idiocy from holding some sort of sway over people.

Well boo fucking hoo.  It's just so sad that people might be able to find a little freedom for once huh?

GAH@!(*^@!@

That's sexist, heteronormative, ageist, and Orwellian. It ignores the facts that in-person transactions are never anonymous, that Bitcoin was designed and developed with privacy in mind, and that some people don't share your empowered social status.