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Topic: US Congress asks FBI to launch Federal Investigation against Bitcoin. (Read 3315 times)

newbie
Activity: 58
Merit: 0
its better not to withhold any virtual currencies; exchange asap, i have trusted LR and thought my stash was better protected at LR than Mt.gox(they were continuosly getting ddosed and received law suit at that time).

i lost most of my profit after LR lock out by feds.
sr. member
Activity: 686
Merit: 250
sr. member
Activity: 378
Merit: 250
hero member
Activity: 518
Merit: 500
BTC < > INR & USD
a very nice translation of the Bill (page 45) by one of our fellow member


Translation from reddit:

"Please, if I could have your attention. Allow me to translate, for your amusement, from legalese into plain English of people doing things.

People using their money in ways we don't like.-- We understand that Bitcoins and other forms of peer-to-peer digital currency can be used by people we dislike who do things we have prohibited, sometimes competing with us on terror activities, to transfer and spend money in ways we cannot spy upon or stop. News reports show that Bitcoins have been used to help Edward Snowden. We want the people doing business as "the FBI" to conspire with a bunch of other d.b.a's to tell us, in less than 120 days after this new commandment we just made up, how this "ersatz currency" (hehe, see what we did there?) affects our organized racket, in terms of both helping the businesses of people we have declared as "enemies" and in out-competing our buddies the bankers. The info must outline a conspiracy to sabotage Bitcoin's features, identifying people, money and other resources that will be necessary for this sabotage.
Phew. I thought my poor Model M was gonna smolder under the weight of translating so many sophisms, newspeak neologisms, half-truths, and veiled threats.
Aaanyway: https://rudd-o.com/archives/its-official-the-racketeers-are-onto-bitcoin for the same version but permalinkable.

Conclusion: the most powerful terrorist organization that has ever existed in the world, with the actual power to literally murder everyone if they so chose, is preparing to attack Bitcoin directly. It's about to get real."


Source : https://bitcointalksearch.org/topic/m.2924010
sr. member
Activity: 322
Merit: 250
A lot of things is going to happen soon.
http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

Another article that i read yesterday in news here is that after the crack down on Liberty Reserve, criminals have started using Perfect Money which is why, FBI has already started cracking down on them.

P.S : If you have PM, then its time that you reduce your stake in it. It is not decentralized as bitcoin.

maybe they just spinning wheels? You can stop the unstoppable  Grin
hero member
Activity: 518
Merit: 500
BTC < > INR & USD
A lot of things is going to happen soon.
http://www.reddit.com/r/Bitcoin/comments/1k9jhv/congress_appropriations_bill_directs_fbi_to/

Another article that i read yesterday in news here is that after the crack down on Liberty Reserve, criminals have started using Perfect Money which is why, FBI has already started cracking down on them.

P.S : If you have PM, then its time that you reduce your stake in it. It is not decentralized as bitcoin.
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