Bitcoin Forum

Economy => Speculation => Topic started by: revans on December 04, 2013, 07:16:54 PM



Title: Counterfeit Bitcoins
Post by: revans on December 04, 2013, 07:16:54 PM
http://www.latimes.com/business/money/la-fi-mo-bitcoin-counterfeit-germany-arrest-20131204,0,7896369.story#axzz2mXFNBvlx


Would certainly like to know more about this.


Title: Re: Counterfeit Bitcoins
Post by: pontiacg5 on December 04, 2013, 07:18:41 PM
It is impossible to counterfeit bitcoins, but I know who I am talking to. Surly the last thing I say in this thread.


Title: Re: Counterfeit Bitcoins
Post by: scarsbergholden on December 04, 2013, 07:19:31 PM
pretty sure this isn't what you're trying to say it is ;)


Title: Re: Counterfeit Bitcoins
Post by: bennybong on December 04, 2013, 07:40:51 PM
Quote
German police have arrested two people suspected of illegally generating Bitcoins worth nearly $1 million.

Bitcoins are an unregulated, virtual currency that is stored in password-protected electronic "wallets" and used to make purchases on the Internet and at some brick-and-mortar businesses. The currency also is traded in online exchanges, where its value fluctuates widely.

Prosecutors in the German town of Kempten said they are investigating whether people used software to create digital Bitcoins worth 700,000 euros, about $950,000, Bloomberg News reported.
PHOTOS: The costliest bank failures

The two suspects were arrested this week in raids that turned up evidence of other hacking activities, German police told Bloomberg. The suspects weren’t identified.
"Digital currencies will keep law enforcement authorities busy in the future," Joerg Ziercke, president of Germany's Federal Crime Office, said in a statement. "The relative anonymity of the currency makes money laundering easier and lowers the risk of being caught."

In a separate Bitcoin probe in China, three people were arrested Wednesday on suspicion of stealing money from investors through a fake online exchange, the official Xinhua News Agency reported, citing local authorities.
Bitcoins gained some credibility after U.S. law enforcement and securities agencies said at a U.S. Senate hearing last month that the virtual currency could be a legitimate means of exchange

I don't get it.... Illegally generating bitcoins??  ???


Title: Re: Counterfeit Bitcoins
Post by: CMMPro on December 04, 2013, 07:45:43 PM
Translation error....the bitcoins were obtained via hacking.


Title: Re: Counterfeit Bitcoins
Post by: bennybong on December 04, 2013, 07:50:48 PM
Translation error....the bitcoins were obtained via hacking.

Gotcha  ;)

I wonder who's bitcoins they pinched....


Title: Re: Counterfeit Bitcoins
Post by: traderCJ on December 04, 2013, 08:02:46 PM
I thought revans was banned?


Title: Re: Counterfeit Bitcoins
Post by: Nolo on December 04, 2013, 09:47:03 PM
I thought revans was banned?

First person I've had to ignore from this subforum. 


Title: Re: Counterfeit Bitcoins
Post by: oyeTorry on December 04, 2013, 10:09:49 PM
Translation error....the bitcoins were obtained via hacking.

It surprises me the hacker was found. Good job Germany police!


Title: Re: Counterfeit Bitcoins
Post by: CMMPro on December 05, 2013, 01:38:53 AM
I thought revans was banned?

We can only dream.

He is actually on my ignore but I can still see the grey shadow of his stupid post titles....even that annoys me.



Title: Re: Counterfeit Bitcoins
Post by: smoothie on December 05, 2013, 02:30:36 AM
http://www.latimes.com/business/money/la-fi-mo-bitcoin-counterfeit-germany-arrest-20131204,0,7896369.story#axzz2mXFNBvlx


Would certainly like to know more about this.

LOL I love that logic:

1. Read something on the internet that you agree with.

2. Believe it.

3. Spread it around with no real proof.

4. Goal = Misinformation/FUD.

5. LULz

 ;D ;D ;D