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Bernake is giving the banksters a half-trillion dollar a year allowance which they will rehypothecate into 2 trillion dollars a year debt for Americans. Wait until they want a prom dress.
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"Civil forfeiture laws represent one of the most serious assaults on private property rights in the nation today. Under civil forfeiture, police and prosecutors can seize your car or other property, sell it and use the proceeds to fund agency budgets--all without so much as charging you with a crime. Unlike criminal forfeiture, where property is taken after its owner has been found guilty in a court of law, with civil forfeiture, owners need not be charged with a crime let alone be convicted to lose homes, cars, cash or other property." http://www.forbes.com/2011/06/08/property-civil-forfeiture.htmlFascinating. I had no idea it was that bad. At least it'll be interesting when police officers try to figure out how to confiscate bitcoin and use it. All the more reason to hold BTC in cold storage after sending them through a mixing service. And never to admit any access to coins. Ever. I presume this to be about owning property or assets created, stolen, or obtained illegally. |
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Does this mean that hypothecation is no longer limited to 400% in the US like pre 2008?
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Could it be that the only way to tax the rich is to make their money (and every one else's) worthless?
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History will probably call these the Abrahamic Oil Wars.
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I am working on my crazy notion as a sort of credit union web-of-trust using multiple forms of multisig transactions. It's a social networking model of storing and lending, while building limited trust status. |
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I wonder if one couldn't also have a worthless alternate blockchain with the same public key as a decoy and claim that you don't own the Bitcoin address.
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I think we definitely need something planned around SXSW.
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Instead of constantly banning him, can we just have a new tag for ever persistent trolls?
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Lockheed is setting up a Silk Road for their heroin trade in Afghanistan.
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Glad to hear some good news on the BM front.
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He's been too busy calling Matthew a scammer to pay you back.  |
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Matthew had already posted his payment address if he won the bet, and I'm sure many would have just paid what they owed to that address if pirate did start paying back - this right here makes Matthew the biggest piece of shit on the forums. No way in hell would I believe for a second that he would turn down 10,000BTC if he had won the bet.
His parsing of his own initial bet agreement to turn it into a 'joke' doesn't make any sense. It is perfectly clear that the '20BTC bet' was a reference to the bet format, not to the 'bet' as defined before the example. There is no reason to believe otherwise and no reading of it makes any other sense. If this were a legally binding document there's no way he'd get away with not paying as a plain reading of the agreement is very clear. This was a retroactive 'joke' for sure. He may have played it off as a 'joke' to some people beforehand to cover his bases.
I don't even have any investment in this bullshit as I didn't participate. I don't feel so bad for the people who lost money with pirate as the whole idea of his 'investment' was laughably unrealistic and obviously a scam from the beginning. But an established member posting a legit bet in the 'gambling' forum (not off-topic or other place, but a forum strictly for placing bets and gambling, which Matthew now claims was NOT the case from the beginning) and reneging on his part of the deal makes this one of the shittiest things to happen around these parts since this community started.
I am very curious how you (since you didn't mention it) interpret Matthew's claim that he would accept the label of scammer should he not hold up his end of the bargain? |
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Burtan has 18 posts and deleted 16 of them. He's a sockpuppet for someone, and he has that Atlas whining tone. Just saying.
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I like this idea, but not the fact that it would require the global Bitcoin network to verify the colored flags. Would it not be better to just verify the coins on a firewall network and broadcast to the network from there? On the client side, colored wallets can keep the coins separated. If someone wants to spend their locally deflated coins outside their local network, they would need to go through an exchange or lose the value of the colored tag.
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This fiasco will blow over and cooler heads will prevail. Matt will find green pastures in the Bitcoin realm when he learns that discretion is the better part of valor. Now can we end these threads and start paying more attention to Atlas again?
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They probably cut a deal so he has capital to work on new projects.
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