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Title: Crack down starts? Post by: BTCIndia on January 27, 2014, 04:54:10 PM http://s17.postimg.org/shymcu133/JPEG.jpg
CEO of Winklevoss-backed bitcoin company arrested. The operators of two exchanges for the virtual currency Bitcoin have been arrested in the US which includes Bitcoin Foundation Vice Chairman Charlie Shrem and Charlie Schrem, chief executive officer of the exchange BitInstant.com Price down to 780. :o Title: Re: Crack down starts? Post by: Benson Samuel on January 27, 2014, 05:28:49 PM Ufff, more drama.
I see that the early businesses are getting 'hit' first. Title: Re: Crack down starts? Post by: subvolatil on January 27, 2014, 05:39:10 PM why can it go back to a $100 i can buy back my losses. :-(
Title: Re: Crack down starts? Post by: techguy on January 27, 2014, 06:21:43 PM No effect of this news on DOGE coin. Network hashrate is going up and up....!! ;)
Title: Re: Crack down starts? Post by: subvolatil on January 27, 2014, 06:25:42 PM No effect of this news on DOGE coin. Network hashrate is going up and up....!! ;) DOGE to the moon. Title: Re: Crack down starts? Post by: thenoblebot on January 27, 2014, 06:31:12 PM Gosh you DOGE douchebags I hate you for eating away at my LTC hashing power :P .... wait till my chikun starts flying :D
Title: Re: Crack down starts? Post by: subvolatil on January 27, 2014, 06:34:32 PM Gosh you DOGE douchebags I hate you for eating away at my LTC hashing power :P .... wait till my chikun starts flying :D such hate, Envy much, very buthurt, wow! Title: Re: Crack down starts? Post by: thenoblebot on January 27, 2014, 06:35:40 PM Gosh you DOGE douchebags I hate you for eating away at my LTC hashing power :P .... wait till my chikun starts flying :D such hate, Envy much, very buthurt, wow! lol im just kidding :P .... but yea for the record I hate altcoins with zero innovation . Title: Re: Crack down starts? Post by: subvolatil on January 27, 2014, 06:43:33 PM Gosh you DOGE douchebags I hate you for eating away at my LTC hashing power :P .... wait till my chikun starts flying :D such hate, Envy much, very buthurt, wow! lol im just kidding :P .... but yea for the record I hate altcoins with zero innovation . you have to love Doge, who does not love doge. it's so cute. Title: Re: Crack down starts? Post by: G K G on January 28, 2014, 01:42:29 AM It seems Sherm was doing cash transactions with BitKing(Robert Faiela) who sold BTC for cash to the silkroad users. But sherm stopped trading with him in 2012 when bitinstant stopped accepting cash payments.
Sherm and Faiela are alleged to have traded 1million$ in cash. P.S: I adore DOGE ;D Title: Re: Crack down starts? Post by: thenoblebot on January 28, 2014, 06:30:12 AM They shouldn't have had the Bitcoin Foundation in the first place .. some schmuck gets arrested from there and people start selling like noobs .. forgetting that BTC is DECENTRALIZED ... anyways the guy hasn't been around doing much in/for the community of late.
Title: Re: Crack down starts? Post by: subvolatil on January 28, 2014, 10:11:43 AM They shouldn't have had the Bitcoin Foundation in the first place .. some schmuck gets arrested from there and people start selling like noobs .. forgetting that BTC is DECENTRALIZED ... anyways the guy hasn't been around doing much in/for the community of late. I was always against the foundation and any centralized group that proposes to talk on behalf of the btc community. This goes for the Indian one. i dont recognize them nor do i support what they do. Decentralization is the core of bitcoin, even communities need to be decentralized, with no power structure. Title: Re: Crack down starts? Post by: thenoblebot on January 28, 2014, 10:18:09 AM They shouldn't have had the Bitcoin Foundation in the first place .. some schmuck gets arrested from there and people start selling like noobs .. forgetting that BTC is DECENTRALIZED ... anyways the guy hasn't been around doing much in/for the community of late. I was always against the foundation and any centralized group that proposes to talk on behalf of the btc community. This goes for the Indian one. i dont recognize them nor do i support what they do. Decentralization is the core of bitcoin, even communities need to be decentralized, with no power structure. Absolutely agree. Just because of some stupid arses in that foundation everybody has to suffer ... life everybody almost lost $50 ... just vanished in thin air because of some guy like that. About the Indian BAI .. yes .. I don't like the way they went about it as if they "represent" us and guess whats the first statement they make : stay away from bitcoin. Its only laughable that the thing your trying to promote you are asking people to stay away from it (maybe at the behest of those smart ass lawyers but thats immaterial). So yes as you said centralization hurts, specially to bitcoin which is in its infancy. Title: Re: Crack down starts? Post by: Benson Samuel on January 28, 2014, 10:40:18 AM They shouldn't have had the Bitcoin Foundation in the first place .. some schmuck gets arrested from there and people start selling like noobs .. forgetting that BTC is DECENTRALIZED ... anyways the guy hasn't been around doing much in/for the community of late. I was always against the foundation and any centralized group that proposes to talk on behalf of the btc community. This goes for the Indian one. i dont recognize them nor do i support what they do. Decentralization is the core of bitcoin, even communities need to be decentralized, with no power structure. Absolutely agree. Just because of some stupid arses in that foundation everybody has to suffer ... life everybody almost lost $50 ... just vanished in thin air because of some guy like that. About the Indian BAI .. yes .. I don't like the way they went about it as if they "represent" us and guess whats the first statement they make : stay away from bitcoin. Its only laughable that the thing your trying to promote you are asking people to stay away from it (maybe at the behest of those smart ass lawyers but thats immaterial). So yes as you said centralization hurts, specially to bitcoin which is in its infancy. The Indian bai represents 3 or 4 trading groups. they do not represent more than that. There is a need though for a central group that can lobby in the direction of current regulatory regimes. Right now there is no one who can truly support groups across India on their own steam. |
