Topic: The pirate-based shitstorm was and is a necessary regulator (Read 2783 times)

Didn't this already happen in the Romney tax returns extortion case?  And the result was that the guy was caught and arrested.

Interestingly he was caught in a way similar to the molecular/joe incident mentioned above:  he delivered a flash drive that contained a picture of a cat on it and the picuture of the cat was used against him.

I look forward to the day the first criminal demands a large ransom paid in bitcoins.  Not because I support the criminal or the crime, but because I want to see what the reaction from various governments/Mastercard/Visa/banks will be.

We all know bitcoin is pseudo anonymous with every participant holding a copy of all transactions (bad for the criminal), and that eventually to cash out bitcoins the criminal must hit the established banking system (yikes), but it will be a good test to see just how Free bitcoins are.

I _love_ this analogy. Will use it.

Dollars are like toy money given to us by our parent governments. They tell us how to use it and watch carefully and they try to get it back if you did something stupid with it.

Bitcoins are like adult money, you control it and nobody can tell you what to do with it. And nobody can help you if you you do something stupid with it.

If the government controlled bitcoin I would have been prevented from losing 10BTC to satoshi dice, but freedom must include the freedom to do something stupid.

Good OP and response by Kluge.

Yes, what's wrong with that?

oh no, I haven't sent the wrong amount to anyone. I put up a bounty as joe23 to find out who he really was as an experiment. They found me because joe23 mistyped silkraod just as exactly one other forum user does: molecular.

Molecular

I'm not anonymous, really.  No one is really anonymous on the internet.  And yes I've sent the wrong amount of BTC before but I've had the fortune to be trading with honest traders who've returned the difference.

This reminds me of myself: This particular mistype happens to me a lot. I also tend mistype "silkraod" as it turns out. That brain-bug recently cost me 14 BTC. So BCB, just a tip: don't try to be anonymous. And if you ever do: use a spellchecker.

Yet you waited until November 12th to register your account on this forum?

1 year after the MF GLOBAL meltdown 1.6 BILLION! dollars is still unaccounted for and it is high unlikely John Corzine who the US Congress recently found at fault will server a day in jail.

http://www.forbes.com/sites/francinemckenna/2012/10/31/on-mf-global-anniversary-something-still-missing/

Trendon Shavers is a piker compared to this and probably has nothing to worry about from the SEC investigation.

I actually learned during this ordeal that the SEC can really only hand out slaps on the wrists for obvious fraud. Yay government!

fuck fuck fuck.... i'm foiling my own plan.  Post Updated! 

Thx to the bitcointalk spelling patrol! Anyone who bothers to read my posts knows I NEED it!

Thanks.

And he writes Shavors instead of Shavers like 95% of the time lol

I'm pretty sure it's spelled Shavers, but sure, optimize the wrong spelling.

for the record "Pirate"/"Pirateat40" === "Trendon Shavers"

If you could refer to him by his proper name rather then his nic it's helps with SEO.  The more hits "Trendon Shavers" gets on google, the more likely other who have yet to be scammed by will be kept inform of his methods.

Thanks.

Nature simply punishes morons - while state is babysitting them. But pirates ponzi had some other good side: It kept me entertained for a looong time. You guys have no idea how much I laughed when entire scheme collapsed.

That is some hilarious shit right there. Pirate Ponzi is a direct consequence of the state. Love it!

Make no mistake - all this shit that happened is a direct consequence of the state. This is painfully obvious as soon as you agree that we don't and never can have a free market as long as there is a state. Why? Because anonymity and responsibility don't mix.

The state is the reason why so many must hide their identity, since if they want to preserve their safety, well being and wealth, this is the only way to avoid a giant mafia of thugs hurting and robbing them simply for providing a voluntary service to their customers. Were this not the case, non violent ostracization would be made possible as punishment for those service providers that violate their promises and eventually the bad apples would get weeded out. And there are many bad apples.

But being a service provider willing to defraud is not why fraud happens, largely it's still a cost benefit analysis. When your legitimate business doesn't earn you enough to live comfortably but defrauding your clientele would while not really having any negative repercussions for you, there's rarely anyone who possess enough integrity to resist such a temptation. The only thing that customers have here is the hope that the merchant isn't willing to kill his golden goose. And because there are infinite amount of reasons why someone could find it more profitable to kill the golden goose now and run with their customer's money that hope simply is not enough.

You need to know who you are dealing with, it's as simple as that. You need to know their name, their body, their home, if possible their record, their friends, what ever you can in order to significantly increase the cost of defrauding you. I think it's the only way to effectively apply regulations by customers i.e. the only way a free market can possibly function. And until there's a state for most that simply isn't an option and so I do not believe we will be able to solve this, not unless we can figure out a way to create unique IDs and still hide our identity from the government.