Topic: Nefario (Read 198704 times)
Nefario works for Coinfloor. http://www.wired.co.uk/news/archive/2013-10/29/coinfloor-launch
See the pic
In good health and easy to find.
See the pic
In good health and easy to find.
I wonder if he's going to show up his face at the btc1k party.
There might be some people there who'd love the chance to show him their true appreciation.
The basis of the laws is to stop terrorism and criminal enterprises.
Again, I'll disagree. The justification for the laws is stopping terrorism and criminal enterprises. Their actual purpose is more nefarious. And since you weren't very specific, the particular laws I'm talking about are USA PATRIOT and the vast tranche of laws pursued under the "War on Drugs."
A chinese exchange running by chinese persons has to be safe. US-government simply doesnt have a stand to sue them. Its only that nefario probably didnt thought that he can be reached, since he is no chinese.
well, he moved it to England and told the govt what he was doing, and asked them to give him the okay.
they siad you are doing what??!!??
he is a dumbass...
Dumbass? Now he's founding companies with the spoils of the GLBSE smash and grab.
If you argue that there is something wrong with the basis of those laws you will never win that argument.
Doesn't that kind of depend on whether you actually bring some logic to the argument? There are a lot of laws that are commonly accepted as being "valid" that are just plain wrong.
I do agree with you that some bitcoiners are so reactionary in automatically dismissing any kind of majoritarian law that this basically results in radicalizing the whole community to the point that cryptocurrency itself is rejected as a radical concept.
This just isn't reality, though.
Bitcoin isn't going to destroy governments, although cryptocurrency itself makes a lot of government abuses less practical.
Governments aren't going to destroy Bitcoin. They don't even want to, apparently.
However, there is a hell of a lot wrong with a lot of laws that Bitcoin does have a lot to do with addressing. And I'll disagree with you. We will win the fuck out of that argument.
How do you have a CEO or whatever he was considered in a clearly illegal enterprise who is entirely traceable, prosecutable and jailable?
Short answer? You DON'T. At least unless you're a moron.
A chinese exchange running by chinese persons has to be safe. US-government simply doesnt have a stand to sue them. Its only that nefario probably didnt thought that he can be reached, since he is no chinese.
You don't understand how the game works. If they operate in China in to avoid the regulation of another country then that other country starts seizing the assets of the customers doing business with the foreign operation. They also start seizing assets and fining companies that do business with the offshore entity.
Thats maybe right... though problematic with bitcoins... they would need to know who owns which bitcoins. Which means they need infos from the NSA. Of course its easier for securities.
A chinese exchange running by chinese persons has to be safe. US-government simply doesnt have a stand to sue them. Its only that nefario probably didnt thought that he can be reached, since he is no chinese.
I'm curious what kind of crack someone had to smoke to think this was remotely legal.
I'm not sure anyone did. IIRC, Nefario certainly didn't market his big idea as anything other than an... extralegal marketplace from the get-go. The real question is, why didn't it cause any alarm when he started to use his real name? According to the Wired interview, he was the only non-anonymous member of GLBSE - how was that supposed to pan out? How do you have a CEO or whatever he was considered in a clearly illegal enterprise who is entirely traceable, prosecutable and jailable?
Under whose jurisdiction? Any jurisdiction taking any action whatsoever would have been completely out of line.
Then again, many are completely out of line quite often.
I'm curious what kind of crack someone had to smoke to think this was remotely legal.
I'm not sure anyone did. IIRC, Nefario certainly didn't market his big idea as anything other than an... extralegal marketplace from the get-go. The real question is, why didn't it cause any alarm when he started to use his real name? According to the Wired interview, he was the only non-anonymous member of GLBSE - how was that supposed to pan out? How do you have a CEO or whatever he was considered in a clearly illegal enterprise who is entirely traceable, prosecutable and jailable?
Didn't he have hair at one point? 
I'm not sure the whole Lex Luthor thing is going over so well in the trust department.
I'm not sure the whole Lex Luthor thing is going over so well in the trust department.
Apparently he's a majority founder too.
We know now what he's doing with his stolen money.
We know now what he's doing with his stolen money.
Nefario works for Coinfloor. http://www.wired.co.uk/news/archive/2013-10/29/coinfloor-launch
See the pic
In good health and easy to find.
http://cdni.wired.co.uk/1920x1280/a_c/Coinfloor.jpg
See the pic
In good health and easy to find.
http://cdni.wired.co.uk/1920x1280/a_c/Coinfloor.jpg
Dudes look like Mormon Elders, with the name tags and all
People should stay away in droves. If these idiots trust Nefario, like idiots before them, they will get shafted just like the previous idiots, and they'll pass the costs of their stupidity onto anyone who trusted THEM.
Nefario works for Coinfloor. http://www.wired.co.uk/news/archive/2013-10/29/coinfloor-launch
See the pic
In good health and easy to find.
See the pic
In good health and easy to find.
FDA? Food and Drug Administration?
Lost me there.
Lost me there.
See, in Nefariotopia it makes complete sense to have your exchange regulated by another countries drug agency instead of your own countries financial authority.
He is saying he wants gov approval to lobby to get into an elected position so he can manipulate the market and then take the prime pieces of choice grade AAA+ bitcoin sirloin that was yours but is now his instead. Excellent analogy, sounds exactly like what happened.
FDA? Food and Drug Administration?
Lost me there.
Lost me there.
Bitfloor meet Coinfloor!
Quote
McCarthy's new exchange, Coinfloor, aims to address a number of pitfalls observed in other bitcoin exchanges, including customer fund security and compliance with regulation, "even though we are not forced to by the FDA". "We are going far above the call of duty. We want banks to be able to see the standards that we reach so they won't have trouble doing business with us or people who do business with bitcoins."
Jump to: