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Topic: Liberty Reserve shutdown is a boost for Bitcoin? - page 8. (Read 12720 times)

sr. member
Activity: 252
Merit: 250
All I can do is laugh when I read stuff like this.  As if regular people are falling all over themselves to be associated with something that continues to be grouped with crime, drugs, kiddie porn, human trafficking and worldwide seizures and arrests.  Any new bump is coming from more criminals, looking for a new safe haven.  

They don't need that, they have the banking system.

Obviously that's a moronic statement or they wouldn't have needed Liberty Reserve.  All that forehead and so little common sense.   Huh
sr. member
Activity: 434
Merit: 250
All I can do is laugh when I read stuff like this.  As if regular people are falling all over themselves to be associated with something that continues to be grouped with crime, drugs, kiddie porn, human trafficking and worldwide seizures and arrests.  Any new bump is coming from more criminals, looking for a new safe haven.  

They don't need that, they have the banking system.
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
One aspect I hadn't thought of until just now: Many of the news reports are mentioning bitcoins in one way or another while talking about the Liberty Reserve bust. Some talk about their similarities (anonymity, worldwide transfer of funds), while others talk about their differences (bitcoin does not have a central authority to arrest and shutdown the system). But as they say, any publicity is good publicity. There are people who are either hearing about bitcoins for the first time, or heard about them a while ago and are saying "WTF, bitcoins are worth $130, ten times what they were when I read about them in 2011, I should invest now before they go up another 10x!" So we might just see a "publicity bump", with another big bubble forming very soon!

In other words, "BUY! BUY! BUY!"

All I can do is laugh when I read stuff like this.  As if regular people are falling all over themselves to be associated with something that continues to be grouped with crime, drugs, kiddie porn, human trafficking and worldwide seizures and arrests.  Any new bump is coming from more criminals, looking for a new safe haven.  

Bewm. The elephant in the room of cultists. Bitcoin has a lot longer to go than WordPress accepting it. It needs a billion dollar company to see it's potential and take a huge reputational risk on it by receiving payments through it for an extended period of time. That will create the demand that drives the production that drives the interest that drives the change.
sr. member
Activity: 252
Merit: 250
One aspect I hadn't thought of until just now: Many of the news reports are mentioning bitcoins in one way or another while talking about the Liberty Reserve bust. Some talk about their similarities (anonymity, worldwide transfer of funds), while others talk about their differences (bitcoin does not have a central authority to arrest and shutdown the system). But as they say, any publicity is good publicity. There are people who are either hearing about bitcoins for the first time, or heard about them a while ago and are saying "WTF, bitcoins are worth $130, ten times what they were when I read about them in 2011, I should invest now before they go up another 10x!" So we might just see a "publicity bump", with another big bubble forming very soon!

In other words, "BUY! BUY! BUY!"

All I can do is laugh when I read stuff like this.  As if regular people are falling all over themselves to be associated with something that continues to be grouped with crime, drugs, kiddie porn, human trafficking and worldwide seizures and arrests.  Any new bump is coming from more criminals, looking for a new safe haven. 
legendary
Activity: 2338
Merit: 2106
Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html



nice one! thx

(but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isn´t shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.)

Meh, he headed the multi-year investigation and bust of Pokerstars / FTP / Absolute Poker. Who knows if SDNY will even be working any cases related to virtual currencies in foreseeable future?


wow, that was him ?! which supports my reasoning. so it went this way:

bahara: all that glamour after we took down fulltiltpoker... it is fading away. i need to get on stage again. i want to become ny mayor or president. let´s atomize ... bitcoin!

minor clerk (holding bitcoins): uh.. boss... that is difficult. it is atomized by design.

bahara: i don´t give a f*ck. i am hungry.

minor clerk (googles desperatly): why not take down a more promising player ?

bahara: i don´t give a f*ck as long as it is worldwide media coverage.

minor clerk: how about liberty reserve...?
hero member
Activity: 616
Merit: 502
Of course not. Conversely. It closed the big gate to the real black market.
full member
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
One aspect I hadn't thought of until just now: Many of the news reports are mentioning bitcoins in one way or another while talking about the Liberty Reserve bust. Some talk about their similarities (anonymity, worldwide transfer of funds), while others talk about their differences (bitcoin does not have a central authority to arrest and shutdown the system). But as they say, any publicity is good publicity. There are people who are either hearing about bitcoins for the first time, or heard about them a while ago and are saying "WTF, bitcoins are worth $130, ten times what they were when I read about them in 2011, I should invest now before they go up another 10x!" So we might just see a "publicity bump", with another big bubble forming very soon!

In other words, "BUY! BUY! BUY!"

+1
hero member
Activity: 518
Merit: 500
One aspect I hadn't thought of until just now: Many of the news reports are mentioning bitcoins in one way or another while talking about the Liberty Reserve bust. Some talk about their similarities (anonymity, worldwide transfer of funds), while others talk about their differences (bitcoin does not have a central authority to arrest and shutdown the system). But as they say, any publicity is good publicity. There are people who are either hearing about bitcoins for the first time, or heard about them a while ago and are saying "WTF, bitcoins are worth $130, ten times what they were when I read about them in 2011, I should invest now before they go up another 10x!" So we might just see a "publicity bump", with another big bubble forming very soon!

In other words, "BUY! BUY! BUY!"
legendary
Activity: 1274
Merit: 1004

https://bitcointalksearch.org/topic/m.807

Seems like satoshi have used LR in past.
legendary
Activity: 2097
Merit: 1070
nice one! thx

(but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isn´t shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.)

If it's not him it will be one of his colleagues who doesn't already have a trophy.
hero member
Activity: 826
Merit: 508
Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html



nice one! thx

(but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isn´t shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.)

Meh, he headed the multi-year investigation and bust of Pokerstars / FTP / Absolute Poker. Who knows if SDNY will even be working any cases related to virtual currencies in foreseeable future?
full member
Activity: 181
Merit: 100
I didn't even argue anything about stateless being better or not, I've only argued that your view is 100% one-sided.
Everything got good and bad aspects, advantages and disadvantages.
You mean, state violence got some good aspects?
War in Iraq got some good aspects?
Drone strikes got some good aspects?
Direct theft, like LR seizure and taxation, got some good aspects?

Well, there surely are good aspects for you, if you are profiting from all of this. But overall, killing is killing, theft is theft, violence is violence. There is no good theft. Theft is 100% evil, even if you "only" steal 50% of monthly income of a person. There is no good killing, apart from that of a criminal posing an immediate threat to another person's life, killing is 100% evil.
legendary
Activity: 1148
Merit: 1018
Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html



And BTC exchanges, including Gox despite of its amateurism, ate trying hard to comply with regulations.... Something that LR blatantly didn't.

There is no case about "Bitcoin", and the sheriffs know it.
legendary
Activity: 2338
Merit: 2106
Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html



nice one! thx

(but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isn´t shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.)
legendary
Activity: 1428
Merit: 1000
Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

member
Activity: 89
Merit: 12



A Libertarian Society


 Huh

Bushmen don't worship cash nor fiat, they can't be libertarian.

hero member
Activity: 826
Merit: 501
in defi we trust
legendary
Activity: 1162
Merit: 1004

They also live in huts and wear leather thongs.  No thanks...I'll stick with "tyranny."   Wink



A Libertarian Society



This is not a Libertarian Society. This is an autark, self sufficient Community. Society is organised violence and anonymous collectivism. A government-enforced economic war, all against all. Cheers!
sr. member
Activity: 364
Merit: 250
Yes, and that is a joke, but a bad one. Either you're free (self-sufficient Anarchy) or enslaved (Patriarchy). Patriarchy (state/religion) is by definition expanding (always and by definition financed on credit an organised violence).

Because having only black and white is so helpful.


Yes, helpful. Stateless tribes have been free of organised violence. People who accept this type of organisation are not.


Being 100% free doesn't exist. Physics is a regulator you cannot defy.

That's wrong. The stateless are (and have been for a million years) free from police/state/mafia. Some are still stateless and therefore free,
because of their resistance to the mission of the missionaries, the henchmen of the Organised Violence (aka Church and State).

You didn't understand my statements, did you?
I didn't even argue anything about stateless being better or not, I've only argued that your view is 100% one-sided.
Everything got good and bad aspects, advantages and disadvantages.
You are just continuing to preach your words.

But this is a different topic and I don't really want another pagelong discussion about states right now, so I will let it pass.
sr. member
Activity: 252
Merit: 250
Yes, and that is a joke, but a bad one. Either you're free (self-sufficient Anarchy) or enslaved (Patriarchy). Patriarchy (state/religion) is by definition expanding (always and by definition financed on credit an organised violence).

Because having only black and white is so helpful.


Yes, helpful. Stateless tribes have been free of organised violence. People who accept this type of organisation are not.


Being 100% free doesn't exist. Physics is a regulator you cannot defy.

That's wrong. The stateless are (and have been for a million years) free from police/state/mafia. Some are still stateless and therefore free,
because of their resistance to the mission of the missionaries, the henchmen of the Organised Violence (aka Church and State).

They also live in huts and wear leather thongs.  No thanks...I'll stick with "tyranny."   Wink



A Libertarian Society
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