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Local => Press & News from India => Topic started by: americandesi on August 13, 2013, 07:37:25 PM



Title: US Congress asks FBI to launch Federal Investigation against Bitcoin.
Post by: americandesi on August 13, 2013, 07:37:25 PM
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.


Title: Re: US Congress asks FBI to launch Federal Investigation against Bitcoin.
Post by: millsdmb on August 13, 2013, 07:38:34 PM
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  ;D


Title: Re: US Congress asks FBI to launch Federal Investigation against Bitcoin.
Post by: americandesi on August 13, 2013, 07:38:50 PM
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://bitcointalk.org/index.php?topic=178336.msg2924010#msg2924010


Title: Re: US Congress asks FBI to launch Federal Investigation against Bitcoin.
Post by: Pinwheel on August 15, 2013, 03:25:50 AM
what is bitcoin?


Title: Re: US Congress asks FBI to launch Federal Investigation against Bitcoin.
Post by: rezurect on August 17, 2013, 06:15:36 PM
lol


Title: Re: US Congress asks FBI to launch Federal Investigation against Bitcoin.
Post by: nefron on November 06, 2013, 03:39:00 AM
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.