Bitcoin Forum

http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1 (http://www.businessinsider.com/report-ceo-of-major-bitcoin-exchange-arrested-2014-1)

Post shouldn't have a question mark. CEO of BitInstant has been arrested.

;)

Now its the time for USA agents to revenge,

All Bitcoin Business is in fact less/more relating to SilkRoad, SilkRoad makes Bitcoin's sucess today

It's just about the timing to investigate this fact and get a reason to destroy Bitcoin, then arrest Mtgox/TradeHill/Bitinstant etc..

http://www.justice.gov/usao/nys/pressreleases/January14/SchremFaiellaChargesPR.php

And since "Mr Shrem is a founding member and the current vice chairman of the Bitcoin Foundation" How legitimate is the Bitcoin Foundation gonna look now?

http://www.scribd.com/doc/202555785/United-States-vs-Charles-Shrem-and-Robert-M-Faiella

"If the eye of Sauron is upon you GTFO of Mordor."


Time to build/move more related services to more liberal countries.

He was arrested for money laundering on Silk Road of over $1 million from cash to bitcoins for use on the site.  As long as you're not running an active money laundering operation, you should be fine.

Too bad HSBC CEOs weren't arrested for money laundering billions to terrorists and drug cartels... lololol.

hahahahahahhahahaha

that's all I can say atm.


ok, I've calmed down a bit and to make this not an entire shitpost I'd say this:

Some economy we have here where the mere arrest of one prominent figure can make it tank 10%.

Citation required on 10% drop.

Citation also required on the correlation of the market drop and fundamental events.

This forum...

Wrong in 2 threads simultaneously? Usual Mucus.

The correlation has been proven by confirmed sources.  They are easy to google so I won't insult you by posting them.  Every time a confirmed bad news comes in we should expect further drops, as the power of the newses on the market are beginning to take hold, as I have confirmed.

 ;D 8) ;D 8)

Really nice to see you posting again proud

I trade on btc-e where it was about 10%, and I don't think you'd get any different data than I did, now I didn't compare the exact times now if you care to nit pick and come with a figure of 9.123456789% go ahead.

Fair enough, I only checked Stamp and Gox.

You have to admit that 10% daily isnt that significant in BTC land however... 10% daily used to be the norm.

I still stand by statement of: "Citation also required on the correlation of the market drop and fundamental events."

This is still bullshit. The 1 hour candle goes from $800 to $750 on there, same as stamp.

I give you that as long there is 20% spread between exchanges 10% isn't really significant.

Insider trading hurr durr.

Just wait.

 :'(

I am. Been waiting for 2 weeks.

Ok I apologize for the 10% figure, if you are interested how I derived that I looked at the percentage scale btc-e chart, on tradingview and the lower candlewick was at -10%. Now here is a task for you: find out the time of Charlies arrest, compare it with the chart and derive the real magnitude of that dump.

But then you could stop nit-picking and address the centerpoint of the issue: Charlies arrest made the price of Bitcoin go down, which is kind of dumb.

And the Russia news, which isn't so dumb and might be the major contributing factor.

Fair point, but then I don't think anybody really knows what to make of it yet.

about this treat ...

the main thing... I think is about how to print a 3D weapon ... undetectable like

http://www.declarepeace.org.uk/captain/murder_inc/site/pics/StealthBomber.jpg

how how how ?

Oh look guys! Bankers and Govs can finally say that bitcoin is used for money laundering

I can make a paper model for you if you'd like.

Therefore, the end.  Confirmed.

Shrem's arrest? Very bullish. Why do I say that? Irrational bulltard? No, I don't think so. When you check out the facts...

-Shrem arrested for his involvement in "laundering"*** $1 million to Silk Road sellers

-HSBC caught red-handed laundering billions, with a B, to terrorists and drug cartels - No one arrested

-FBI, DEA, CIA, multiple other government agencies caught red-handed colluding with mexican drug cartels and even outright smuggling cocaine into the country - No one arrested.

It's bullish because, yet again, it exposes those in charge in a very bad way. Yet another message from .GOV - "if you launder money, you'll get in trouble - unless you're us, or a big bank."
Seeing as bitcoin is specifically designed to make it very difficult for government to fuck with currency, this preferential treatment is good for Bitcoin in the same way that the Cyprus "haircut" was good for Bitcoin.

*** Did I put laundering in quotation marks because I am a anarcho-tard libtardarian tinfoilhat-wearing lunatic? No, I  put it in quotation marks because as anyone who studies general semantics would know, words can be used in very different ways, and the way the government uses the term "money laundering," as reflected by its preferential treatment to certain types of criminals, is very different than the way someone like myself would use the term. So the quotation marks affect the differences in abstraction to avoid potential misunderstandings.

wow ...

push miners ... to the golden bottom

COUNTRY SISTERS - Cotton Eyed Joe
http://www.youtube.com/watch?v=IZvpHwoQfqk

The arrest is bullish because big money wants in so they want druggies out.

Bitcoin is far too useful and powerful to be left to the small time dealers and launderers. Thanks for bootstrap kids, now be off with you.

Blatantly timed to the New York hearings, it's simple stick and carrot. Because we can deal with these legacy bad apples, you can have this good business stamp of approval in the next few days.

This sell is like the SR bust, lots of panicky flapping, then, with scene a bit cleaner another level of buyer can come in. It was that demonstration of apparent state control that fired the rise last summer. This will do so again.