Bitcoin Forum

I have seen claims that the hard fork was cased by the FBI because Gavin had apparently met with them a few days before.

04/10/2013

The Plot to Criminalize Bitcoin

How do you criminalize bitcoin? The same way you get guns banned: Plan an attack, make sure lots of people get hurt, roll out all the victims in front of the cameras, then use the sob stories as moral justification to crack down with oppressive new laws.

This is the agenda being planned right now with bitcoin. The recipe works like this:

Step 1) Central banks buy up massive quantities of bitcoin currency, driving the prices into the stratosphere and encouraging millions of people around the world to jump on board the “get rich” bandwagon.

Step 2) Once bitcoin valuations reach a sufficient level of insanity, start a massive selloff by dumping the bitcoins you already bought onto the market, offering them for sale at any price (i.e. sell into falling prices, accelerating the loss in valuations).

Step 3) Watch panic take hold as the bitcoin crash accelerates, ending in a catastrophic wipeout of “valuation” of all bitcoins.

Step 4) Find “victims” of the bitcoin crash who can tell a good sob story for the mainstream media about how they invested little Johnny’s college money in bitcoin and lost it all. Roll them out on CNN and MSNBC where they cry on camera and talk about how they were ripped off by bitcoin and now they only trust the government from now on.

Step 5) Demonize bitcoin by characterizing it as a “libertarian pyramid scheme.” Lash out against both decentralized currencies and libertarians.

Step 6) Once the demonization gains traction, have traitors in the U.S. Congress announce a “Consumer Currency Protection Act” that outlaws non-central bank currencies such as bitcoin. It’s all “for your safety,” of course. Shut down all online bitcoin wallets and exchanges, calling them “criminal pyramid schemes” and arrest a few people using bitcoin to send a warning message to the rest.

Mission accomplished! You’ve now made bitcoin look like a “pyramid scheme,” you’ve scared the public into being wary of “anti-government currencies,” and you’ve criminalized their use by consumers.

LOL

Asking a government to stay out?  GFL.  If they really wanted to, they'll simply use the "terrorism" clause and push their agenda that way.  After all, we all signed over our freedoms for the battle of "terrorism".  It works like this: stop believing the government has any power, and they'll cease to have power.  If you believe Bitcoin is right, you don't need a higher authority to authenticate your belief, not God, nor man.  Asking them "please, please stop bothering us!" with a petition is just advocating the state as something which has power.

they can use any laws they want but it cannot stop it.  Agenda, choose your words wisely, because it can only go so far when the world is against them. We are all looking to an alternative.

I honestly don't think the government gives a shit about a petition 

If the elites want to do something they will just lie and say a study said that the majority of people are in favor of making it illegal, claim bitcoin funds terrorism, drugs and organized gang rape etc.

I love it when people can't even bother to mount a written ad hominem attack and go staight for a stupid picture without even one shread of thought or argument.

I'm actually quite suprised there hasn't been any posts about this.  It's funny, the day before the recent "crash" I read an article somewhere about how the Government was going to do exactly what the OP of that petition wrote.  Honestly tho, it makes total sense.  We had a huge jump from 140-190, then 240...  Somone spent a lot of fiat to blow this thing up, and the coordinated news stories are just too damn "coincidental" to believe.  They don't mention that on the whole bitcoin is up A LOT on the year, even after the "crash".

Let's not pretend that bitcoin doesn't pose a huge threat to TPTB, and trying to stomp it out before it even starts is just a no brainer.  They'll do it again too...

First they ignore you, then they laugh at you, then they fight you, then you win.


read the rest here: https://leaksource.wordpress.com/2013/04/10/how-the-looming-bitcoin-crash-will-be-exploited-by-globalists-to-outlaw-decentralized-crypto-currencies/

Who in their right mind would accuse the government of interfering without solid proof?

I love it when people can't even bother to mount a written ad hominem attack and go staight for a stupid picture without even one shread of thought or argument.

 
Governments operate on the theory of plausible denial ability, so no one is going to see any "proof".  You realize the CIA employs "economic hitmen" that take down whole countries, right?  Bitcoin would be joke in comparison.

I think the question we should be asking is who had the most to gain by pumping and dumping (seems like "someone" really threw down a lot of fiat about 3 days before the "correction").  Also, who has the vast media influence to make the crash virtually front page news in most major publications around the world in short order?
 

It's kind-of like the cops finding no "solid proof" on a cheating, alcoholic, wife abusing husband when his wife comes up dead.

If i thought a silly petition like this was worth arguing over debating I would have done so.

On a side note.... why do people in America think everything revolves around America and the American government.
 
1) The American government has shown little to no intent on messing with bitcoin aside from a few politicians who wanted the silk road banned. In fact it's been the opposite, the government has recently provided some groundwork for exchanges to follow, showing more of an acceptance to bitcoin then a desire to shut it down.

2) If there was a government that wanted to shut down Bitcoin by diong DDOS I can think of quite a few more countries who would be a more likely culprit than America.  China for example is the exact type of government that would HATE bitcoin and they also have the power to carry out a massive DDOS.

I saw this comment Tech Crunch this morning:

LOL

Asking a government to stay out?  GFL.  If they really wanted to, they'll simply use the "terrorism" clause and push their agenda that way.  After all, we all signed over our freedoms for the battle of "terrorism".  It works like this: stop believing the government has any power, and they'll cease to have power.  If you believe Bitcoin is right, you don't need a higher authority to authenticate your belief, not God, nor man.  Asking them "please, please stop bothering us!" with a petition is just advocating the state as something which has power.

Governments operate on the theory of plausible denial ability, so no one is going to see any "proof".

If I would be a nation state opposed to bitcoin and use cyber capabilities against it, I wouldn't run DDoS attacks. I would hack MtGox and steal their coins. Both China and the US should have the capabilities to do so. If all the bitcoins of the exchanges would be constantly stolen.

The botnet's that run the DDoS on MtGox are probably payed via bitcoin by someone who spectulates on the price changes that the DDoS attacks cause.
DDoS attacks are cheap. You don't need to be a nation state to run a DDoS. You just need to pay a small sum of money to rent a botnet.

But back to a nation state attacking bitcoin, cyber attacks aren't needed. The US could simply start suing all bitcoin miners for facilitating money laundering and violating the principle of know-your-customer.

Announcing such law suits would alone do a lot more damage to bitcoins price than the DDoS attacks against exchanges. If current laws aren't enough congress can always pass additional laws.

The world doesn't look the way it would if the US government would make an attempt to shut down bitcoin. The US government isn't filled with the smartest people but if those people would go after bitcoin they could still do serious damage. Damages that exceed the damage that a single individual can cause by rented a botnet with his bitcoins.
Actually the US is perfectly able to attack other groups without any plausible denial ability.

The petition says in part:

"There is evidence to suggest that recent attacks in the media and through so called DDOS (distributed denial of service attacks) on crypto-currency exchanges such as Mt. Gox are being run by elements of the U.S. government...."

Other than some comments on YouTube vids I never heard of any such "evidence."  I have seen claims that the hard fork was cased by the FBI because Gavin had apparently met with them a few days before.  Then I saw some comments that speculated the government did DDOS attacks against Mt. Gox but I never seen any credible evidence of that and I find it extremely hard to believe.  I would not sign a petition like that.

Bitcoin was created by a special team at the Treasury called "Stack Hunt". The project began in 2006 after an internal report on illicit online transactions generated significant concern within the highest levels of the US government. "Stack Hunt" tracks every coin and uses complex statistical analytics to uncover the identities of persons using Bitcoins. 

They keep most of their coins in cold storage, so unless they're going to pull some physical black ops stuff, there's no stealing the bulk of any exchanges coins.

Not to mention, I doubt any expensive 0day exploit most governments have access to would not risk loosing that asset against a system that could possibly reverse engineer and ruin the very expensive "super secret 0day". 

The Government would much rather keep things covert until the point where the gloves must come off and then they start saber rattling, followed by making laws, and examples of people to really shut Bitcoin down.

I did a search, and didn't see this posted anywhere here, so here it is. If its been posted already, feel free to remove. It doesn't look like there's much chance of reaching the goal, but ya never know!

https://petitions.whitehouse.gov/petition/cease-all-actions-overt-or-covert-intended-interfere-free-market-enterprises-bitcoin-and-mt-gox/P0X41V1X