i would sell all of my bitcoin when one can buy me a house and a supermodel for a wife  Believe me, supermodel is not suitable as a wife, you will be enslaved more than fiat money does  and don't forget, that super models also get older. If you are just interessted in the look of a girl, don't make her your wife. Wiser words were never spoken. Then selling all your coin is a bad move. Space out the sale so you can have a steady stream of stretch mark free women. |
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We have postal police, DEA and DHS. If I was playing Clue that equals, BurtW using the mail (Postal Police) to send or receive drugs (DEA) internationally (DHS) using Bitcoin for payment.
While your approach seems logical on its face, it fails to explain the U S Marshals service and other agencies. While it is currently unverified, Jean's testimony indicates that no drugs were found, so there vaporizes the DEA nexus. An alternate possibility is that many agencies simply wanted a cut of the loot and the glory. There were only two other departments and they are always used as extra bodies and invited as a courtesy to local LEOs. |
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If I was playing Clue that equals, BurtW using the mail (Postal Police) to send or receive drugs (DEA) internationally (DHS) using Bitcoin for payment.
Yeah sure but IF that's the case WHY then does the indictment ONLY include the stupid minimal money transmission license issue? That's like the cops saying, "Hey, we know this guy over here killed somebody, so let's file a charge against him for the terrible crime of failure to register his gun with the State..." KEVLARR See that's why you need to see a copy of the warrant. That would tell us what they were looking for. Drugs? Maybe they didn't find what they were looking for because Burt is that good. They then indict for whatever they can. |
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You're all going off on a tangent over holding large amounts of cash when that's not even the most interesting part. Ever play the game Clue? Colonel Mustard in the bedroom with a knife. We have postal police, DEA and DHS. If I was playing Clue that equals, BurtW using the mail (Postal Police) to send or receive drugs (DEA) internationally (DHS) using Bitcoin for payment.
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....Kate Upton and Scarlett Johansson told me if I did they would do a three way with me.
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Do you want to buy my lure?  If you sell your lure, how will your falcon get home? U sure that Falcon will arrived at home? are you ppl secret agent ? what makes you think that? Who are from NSA here ? Do you think they will tell you the truth (that they are from NSA)? Should I tell you I'm from the NSA? |
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Good. Now that we have cleared up that all this talk about Bible ad trees is off-topic, lets get on with on-topic stuff, like showing evidence for or against the existence of God, so that we can start to prove that God exists or doesn't. Oh wait, I have posted a universe full of evidence that God exists, at https://bitcointalk.org/index.php?topic=737322.msg10718395#msg10718395, and the OP at his initial post top of page 1. Therefore, it should, now be evident to everyone that God exists.  Your "proofs" could also be used to prove the existence of some super advanced alien intelligence with the ability to manipulate nature. It might not be God but Thor from the stargate series that is controlling everything. Or maybe he is actually Q from Star Trek next generation. The belief in God is too self serving for me. "God made me and spends all of his time playing with me because I'm his favorate toy therefore I'm special" Maybe when really bad things happen that make no sense like a surge in children born with birth defects or a plague that wipes out men, women and children from around the world that God is cheating on us with another world he created on the other side of the universe. He wanted to help us but got all involved with this mass extermination flood game he was playing with his other world full of people. |
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There are a number of legit things that would have caused them to have that kind of cash in their home. Primarily it could be for bitcoin trading. They also apparently have a lot of money so it could be the equivalent of their "emergency" fund.
His wife said on her website that one of her client's (work) sites were searched which caused the client to fire her company which cost her company millions of dollars. If they have millions of dollars to lose then they probably have enormous amounts of money. If your company makes millions of dollars then $30k really doesn't sound like that much.
I do think that they probably do have the resources to make heads roll, assuming that Burt really was not involved in anything that was actually illegal (meaning he was not involved in SR2, or any other dark market site at all). It appears that a number of people make mistakes throughout the case, most interestingly the magistrate who apparently authorized search warrants without probable cause to seize attorney-client privileged information, and then the proper procedures were not followed when such information was taken
I kinda don't mind "legit" or "illegit". I'm interested in "sane". I can fully understand the grey market economy and life (all the way back to plight of Jews during WWII). Keeping 30k$ at home with no obvious use or as an "emergency fund"? This just doesn't seem sane. Or it is a symptom of being disconnected and alienated from the extended family, neighbors, friends, etc. Is there any more information about "wife's client's (work) sites that were searched"? I don't care about specifics, just the general business sector and the purpose of keeping funds in cash there. Again, I'm not interested about legality or illegality. I'm more about the sanity and purpose of the lifestyle. I don't think there ever will be enough information available to determine the sanity of their actions. The best we can hope for is to determine legality. |
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$30,000 in cash from their home
30k$ at their own home? Wife is a lawyer/paralegal? This is getting interesting. Anyone care to speculate what would be the use of 30k$ to be kept at home? AFAIK nobody in the family was running a cash-based small business. I know people occasionally keeping much more than that at home, but they are in the cash-intensive business not involving Bitcoins. Edit: E.g. I used to know a woman real estate agent who used to keep way over 100k$ in small bills very close to herself at all times. Her specialty was buying highly-appreciated (by value) but decrepit (by condition) real estate from alcoholics and other addicts. What would be the business model requiring to keep 30k$ in cash at home? I don't care if legal or illegal. Please give your guesses. The only thing I can think of is buying and selling large quantities of Bitcoin. That is kind of strange but not unheard of entirely. I used to have an uncle (he died 30 years ago) that lived through bank failures a couple of times. He didn't trust banks. He kept all of his money hidden in a metal box somewhere in the woods behind his house. When he died several of my relatives destroyed the land behind the house looking for the box and never found it. That's a rare case but who hates banks more than Bitcoiners? |
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I understand and agree but why are they hiding the warrant with the patriot act? We can't even find out what they were really searching for! Even the family can't find out what they were looking for. Very odd.
That is one of the "features" (for a lack of a better term) of the patriot act. Everything is kept out of the public's view. I wouldn't be surprised if Burt and/or his attorney knows the contents of what they were looking for and possibly the basis for the warrant (this might not even be true - I am not that familiar with the law). I would say however if/when the case is resolved outside of court that a stipulation be that he agrees not to speak publicly about the case. His wife said on the video on her website that they took over 700 BTC and $30,000 in cash from their home. I am somewhat surprised that he didn't have the BTC better protected. Why use the patriot act at all? Are money transmitting licenses regulated by DHS now? The only they would ever say what was in the warrant was if they found exactly what they were looking for. As for getting the btc there is a simple way to do it that always eludes geeks.  |
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Oh, I know that. I wasn't claiming to know what the arrest was about but what it was not about because of the missing departments. It wasn't about running a PPT, guns or a money transmitting license.
I see your point but why then does the indictment only focus on the money transmitting license issue? That's ALL they've put on there. Nothing else? IF they HAVE bigger guns to use against Burt? Why not use 'em? One would THINK that IF somebody was a heinous Dr. Evil character involved in all sorts of ugly things like: drugs, guns, fraud, ponzi scams, molesting kittens, tearing tags off of mattresses, etc etc etc then ALL of it ought to be a visible part of the arguments to the grand jury and/or ALL of it made PUBLIC in the paperwork, indictment, public story telling, etc etc etc... IF for NO other reason than ONLY to make the COPS JOB'S EASIER and make 'em LOOK GOOD for the cameras & the newspaper stories. Right? I mean, "smoke 'em if you got 'em, boys"... right? IF they really DO have "something else" on Burt, WHY hasn't anyone SEEN any of it yet? They only thing they are SAYING is "OMG OMG money transmission, no license, aaah! aaah! aaah!!!" KEVLARR I understand and agree but why are they hiding the warrant with the patriot act? We can't even find out what they were really searching for! Even the family can't find out what they were looking for. Very odd. |
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Business Model of new company 21 Inc predicted by Satoshi? Plausible speculation: New company 21 Inc to offer realtime payment confirmations for bitcoin: "More likely, in my opinion, is that they want to become/create ‘trusted nodes’ within the Bitcoin mining network permitting merchants & machines near-instant confidence that their transactions will be 100% confirmed. " Source: http://alistairmilne.com/2015/03/14/what-is-21-inc-developing/Satoshi: "I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less." Source: https://bitcointalk.org/index.php?topic=423.msg3819#msg3819This is the most interesting Satoshi thread in two years. It does appear that he supports the trusted node concept as presented by the 21 group. Centralization wouldn't be necessary if the company simply intends to act as an insurance company against theft guaranteeing to pay their connected merchants for zero confirm transactions. They would need to comply with worldwide updates or risk being caught on the wrong side of a fork. They could also decide to fork Bitcoin into a private network, if necessary, at any point in time. Neither of these options would centralize the network. As for providing near-instant (0 confirmation) transactions that are guaranteed to be valid. I'm not sure that's possible as a trusted node component of the current larger network. It would be useful for avoiding cancer nodes or a Sybil attack but not classic double spend attacks. |
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A little follow up info I found from browsing the web, Special Agent Arran Mcwhirter, mentioned by Burt's wife on her site, historically is responsible for phone tapping and invasive surveillance for DHS. He has mainly been involved in wiretapping cocaine dealers. He would have surveilled Burts house and reviewed months of conversations before acting. What did he find that he thought was worth the effort?
hes probably got a boss like everyone else and is expected to produce results after wasting time and money may also be part of a follow up investigation from the btcst , trendon shavers probably has given up the names of the PPT operators The surveillance would have to show something to create that kind of response from multiple departments. There were some pretty interesting departments there according to the recount of events. Postal police? They only get involved when the crime happens using the us mail service. You could build a nuclear bomb in your basement and they wouldn't care if you didn't attempt to ship it through the mail. They don't get involved in very many arrests but they do report a multitude of crimes to other departments. DEA? Their jurisdiction is also very limited. Again, they wouldn't care if you built a nuclear bomb in your basement unless you stuffed it full of illegal narcotics. Local sheriffs and marshals? It makes sense they would be there for any crime. They're the extra manpower for every local arrest. DHS? Another strange department to be involved in a money transmitter license case. DHS keeps the bad boo-boos and owies from coming into this country from those other heathen places in the world. They do everything from securing the borders and immigration to securing the Internet from foreign owies. Anything that could have anything to do with keeping those commie pinko fags and their radical ideas overseas would be DHS. I can see there being 35 people involved with just the above listed departments. That's only seven people per department which would be a normal response force for any department. DEA goes to bust a drug dealer they take 6-7 people. Makes sense for the number of departments. Using just the information we know about the departments involved in the arrest eliminates the possibility of this having anything to do with running a PPT. It also eliminates the possibility that this was over guns or alcohol. But the most curious thing of all is it eliminates the possibility that this was about a money transmitting license. the DEA have arrested various people all over the world for all sorts of crimes google for "joseph rambo hunter arrested in thailand " and hes just one example who didnt actually have any drugs but it shows the DEA have a lot of power even overseas if he has sold or exchanged bitcoins that were to be used or had already been used on silk rd etc it would help the DEA justify their excuse for being there maybe they just want his money if their intelligence has singled him out as being a "big fish" ? he will possibly be offered a deal to forefit all his assets in exchange for a slap on the wrist etc Oh, I know that. I wasn't claiming to know what the arrest was about but what it was not about because of the missing departments. It wasn't about running a PPT, guns or a money transmitting license. |
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It always makes me laugh how every single bit of news that's good for bitcoin is somehow transformed into "this means the price will go up!" banter
It's wishful thinking mostly. People see an impressive company selling a cool Bitcoin app they think, wow the price is going up. When I see it I think, wow that company is smart, they're going to sell a lot of apps. |
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Well, the fact that Coindesk does not support Bitcoin payment, shocked me a bit. {It was a very low point for BTC... when a site dedicated to crypto currency, do a thing like that}
Short on their heels, was the IBM announcement, that they would not support BTC and that they will develop their own coin.
The Auction was hauled in secrecy, and I hoped for a big announcement that a BTC hoarder would have grabbed those coins!
Is that true, CoinDesk doesn't take Bitcoin? I guess I shouldn't be surprised considering how lousy their reporting is. Most interesting for me was BurtW's arrest and DPRs sentence. |
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A little follow up info I found from browsing the web, Special Agent Arran Mcwhirter, mentioned by Burt's wife on her site, historically is responsible for phone tapping and invasive surveillance for DHS. He has mainly been involved in wiretapping cocaine dealers. He would have surveilled Burts house and reviewed months of conversations before acting. What did he find that he thought was worth the effort?
hes probably got a boss like everyone else and is expected to produce results after wasting time and money may also be part of a follow up investigation from the btcst , trendon shavers probably has given up the names of the PPT operators The surveillance would have to show something to create that kind of response from multiple departments. There were some pretty interesting departments there according to the recount of events. Postal police? They only get involved when the crime happens using the us mail service. You could build a nuclear bomb in your basement and they wouldn't care if you didn't attempt to ship it through the mail. They don't get involved in very many arrests but they do report a multitude of crimes to other departments. DEA? Their jurisdiction is also very limited. Again, they wouldn't care if you built a nuclear bomb in your basement unless you stuffed it full of illegal narcotics. Local sheriffs and marshals? It makes sense they would be there for any crime. They're the extra manpower for every local arrest. DHS? Another strange department to be involved in a money transmitter license case. DHS keeps the bad boo-boos and owies from coming into this country from those other heathen places in the world. They do everything from securing the borders and immigration to securing the Internet from foreign owies. Anything that could have anything to do with keeping those commie pinko fags and their radical ideas overseas would be DHS. I can see there being 35 people involved with just the above listed departments. That's only seven people per department which would be a normal response force for any department. DEA goes to bust a drug dealer they take 6-7 people. Makes sense for the number of departments. Using just the information we know about the departments involved in the arrest eliminates the possibility of this having anything to do with running a PPT. It also eliminates the possibility that this was over guns or alcohol. But the most curious thing of all is it eliminates the possibility that this was about a money transmitting license. |
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A little follow up info I found from browsing the web, Special Agent Arran Mcwhirter, mentioned by Burt's wife on her site, historically is responsible for phone tapping and invasive surveillance for DHS. He has mainly been involved in wiretapping cocaine dealers. He would have surveilled Burts house and reviewed months of conversations before acting. What did he find that he thought was worth the effort?
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This is great and all but I'd much rather see a chart covering the explosion in new users buying btc for the first time.
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Cash, debit cards, credit cards won the contest with Bitcoin third from last with 3% of the votes. People thought mobile wallets, money apps and Bitcoin/cryptocurrency are unsafe but Bitcoin is the safest of the unsafe methods.
You're a real "glass half full" kind of guy aren't you OP? LOL
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