It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
You're getting worse.
Topic: PIRATE BUSTED: Bullish or Bearish? - page 2. (Read 4103 times)
You're getting worse.
It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
They didn't make that assertion, on the contrary they make it clear this was a specific entity operating on top of bitcoin.. just like madoff. They could have made that release sound much worse then they did.. instead they made it seem like they are going to be policing btc fraud.. which from a utility point of view is a huge value add..For now, it seems to me that they are just doing their jobs decently. Press release was neutral to bitcoin, and the alert for Ponzi schemes involving bitcoin, well, they have a point don't they?
I think so... Just don't know how the-bitcoiners-that-matter will read it. Tough crowd here, i doubt there's anything FinCEN can do, other than stay away, for everyone to be happy. The correct answer according to Gox price seems to be "meh." I'd be a bit worried if i was involved with local "stocks" & PMBs, but even before that PR that stuff was
It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
They didn't make that assertion, on the contrary they make it clear this was a specific entity operating on top of bitcoin.. just like madoff. They could have made that release sound much worse then they did.. instead they made it seem like they are going to be policing btc fraud.. which from a utility point of view is a huge value add..For now, it seems to me that they are just doing their jobs decently. Press release was neutral to bitcoin, and the alert for Ponzi schemes involving bitcoin, well, they have a point don't they?
Its too soon to say. IT all depends on what the headlines are: "Bitcoin ponzi scheme revealed" (negative), "SEC begins policing bitcoin" (positive), "Bitcoin 'Madoff' caught by SEC" (semi-neutral).
I'm pretty sure the headline is going to be 'Bitoin Ponzi Scheme' and the followup will contain a long list of things like drugs, silk road, illegal porn and it will probably mention the Liberty Reserve bust.
Im waiting for the rest of scammers to go under look at my sig
How did they manage to bust pirate40 ?
Well, they released this: http://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf , not sure i'd count this as a seal of approval. Guilt by association.
This. We'll see how it plays out. Don't think it means much, really, though. 
I dont know... 60m dollars, the SEC now have a lot of power: they could give it to the FBI to track down dealers/buyers in SR, or just drop the price selling everything and kill the economy
victims of the ponzi (and I use victims loosely as they should be called something else) are not going to see a dime from this.
they will just get the satisfaction that pirate's life is going to be turned upside down.
indifferent.
they will just get the satisfaction that pirate's life is going to be turned upside down.
indifferent.
"Bitcoin 'Madoff' caught by SEC" (semi-neutral).
lol
Whatever "semi-neutral" means...
ya.ya.yo!
Its too soon to say. IT all depends on what the headlines are: "Bitcoin ponzi scheme revealed" (negative), "SEC begins policing bitcoin" (positive), "Bitcoin 'Madoff' caught by SEC" (semi-neutral).
Who the hell was gullible enough to fall for Pirate@40 and give the Feds another excuse to screw with Bitcoin?
I am
Who the hell was gullible enough to fall for Pirate@40 and give the Feds another excuse to screw with Bitcoin?
There are no assets left. This does not impact Bitcoin.
I think it won't change a lot.
Most victims have long given up on the funds and it's unclear if they can be recovered at all.
Even if funds can be recovered it is by intervention of the state, which most bitcoiners do not seem to like.
ya.ya.yo!
Most victims have long given up on the funds and it's unclear if they can be recovered at all.
Even if funds can be recovered it is by intervention of the state, which most bitcoiners do not seem to like.
ya.ya.yo!
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
This gets more press and raises the awareness level of bitcoins, resulting in higher exchange rate as new people raise the total purchasing poser of bitcoins.
The government response is also positive toward bitcoin, they show that bitcoins themselves are a perfectly legal store of value, but it was the actions done with them that are subject to legal prosecution.
The government response is also positive toward bitcoin, they show that bitcoins themselves are a perfectly legal store of value, but it was the actions done with them that are subject to legal prosecution.
It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
They didn't make that assertion, on the contrary they make it clear this was a specific entity operating on top of bitcoin.. just like madoff. They could have made that release sound much worse then they did.. instead they made it seem like they are going to be policing btc fraud.. which from a utility point of view is a huge value add..
That doesn't stop CNBC from putting it that way, but we shall wait and see.
Well, they released this: http://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf , not sure i'd count this as a seal of approval. Guilt by association.
It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
Right, the public that can't seperate those two things in the news story. What kind of timeline to adoption do you think they were on prior to reading this? Any chance that they would try bitcoin before they encountered a situation in their life that required it? No way. This changes nothing for them, but you and I get a different message from this, and we (presumably) use bitcoin already. We create the opportunities and infastructure to support bitcoin, thus the moment in time when that general public becomes faced with needing bitcoin for something just got moved forward. It doesn't matter what they think.
It also reinforces the association by the public: Bitcoin that's a ponzi - now confirmed by the SEC.
They didn't make that assertion, on the contrary they make it clear this was a specific entity operating on top of bitcoin.. just like madoff. They could have made that release sound much worse then they did.. instead they made it seem like they are going to be policing btc fraud.. which from a utility point of view is a huge value add..
That doesn't stop CNBC from putting it that way, but we shall wait and see.
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