1. I admitted to ArtForz that I am not competent enough in his field to make a statement like that. Conceding a point isn't trolling.

2. The mods are hardcore libertarians. It goes against their core beliefs to censor just about anything. It is not that they don't see what happens, it is their (mainly) hands off approach to moderating. You are of course invited to click the ignore button, and blindly go through your world surrounded only by those who agree with you. It seems to be a rather common occurrence on here to label someone you disagree with as a troll, so much that the label is completely overblown. It truly does not matter what you call me. Or if you ignore me. I will still continue to argue my side of a point if I feel I am correct. If you ignore me, you won't be able to refute anything I say, so go ahead and click ignore, it only makes winning easier


Of course you anticpated being called a sock puppet. It is obvious you are one. I don't buy that you lurked for *months* and then suddenly decided to start posting in the alt chains forum. Nothing to do with bitcoins, yet have mined all the alt coins...that can only be exchanged for bitcoins.

None of the alt coins offer significant improvements over Bitcoin. Your interests are your own, but unless you are designing the next ScamCoin, there isn't much that the alt coins have to offer.

Banning really is not a concern of mine. I have had rather lively discussions with a few people who are slightly higher on the local totem pole than you, and somehow survived. Also, if you truly are a newbie to the forums, then you will be given all due deference. If your word is suddenly given an untoward amount of weight, well then, we know you aren't as shiny and new as you claim to be.

1st off, SC and CH can die in a fire, slowly. The 7.7 million coins were admitted to after the fact, had you read the threads. Who's sock puppet are you, newbie with 10 posts that goes straight to the alt chains forum? Tired of bitcoin so soon? hmmmm....

Hmm and here I thought you had the necessary skills to efficiently program fpgas to solve blocks using an algorithm you wrote. My apologies. There are a handful of people on this board with the knowledge and equipment to try and implement this on FPGAs. I am not one of them and therefore must concede the point. The rest of what I wrote is true.

None of the alt coins bring anything innovative to the game, none of them are the next big thing. If any of them were, then their price vs. bitcoin would increase when bitcoin falls in the broader markets. This doesn't happen.

BTW, you may not realize it, but Tenebrix was created by a kid in Eastern Europe that has limited/no access to modern gpu hardware. The algorithm was written by an fpga expert and it runs very well on fpgas (shockingly) and not so well on gpus. Creator of Tenebrix also gifted himself 7.7 million coins to begin with. There are less Bitcoins in existence than that. It will take the Tenebrix network 3 years to catch up. Do what you want, but any actual money you spend on his chains ultimately lines his pockets.

Ignore users as you wish, but the truth comes out of dissenting voices, not the fanbois. It took somebody reading the blockchains and posting about it before it was admitted that 7.7 million coins were premined.

That was before you were forced to admit that you had premined 7.7 million coins for your money laundering operation. Once I found out about that I wiped the usb key containing GG and chucked it in a river.

The idea that a Belorussian could authoritatively hold forth on the US legal system is completely laughable. It would be like an American trying to give a Belorussian legal advice about what is and is not legal in Belarus. Here is the deal, I could care less if you scam these fanbois out of their btcs. Really. There is a sucker born every minute and there is an extremely high amount of suckers in this community, all trying to get rich quick on the next big thing. I really don't care if you take all their money. But there is the very real danger that your money laundering op can get people put in prison who have done nothing more than mine your chains. The fallout from that isn't just going to effect your pet chains either, but all of them, including Bitcoin. Because when they crack down, they are not going to differentiate between 27 different flavors of blockchain based cryptocurrencies. Everybody suffers.

Hmmmm, perhaps this is how you plan to take down Bitcoin. Maybe you are CH in disguise.

And yours boils down to "It will be ok because I say so...look a squirrel!". I think that is a fairly poor rebuttal.

Again it is painfully obvious you have no grasp of the US legal system or how it works. Your ignorance is not a defense for you or anyone else. I encourage any Americans reading this thread to consult a legal professional, even if it is an informal friend of a friend type of deal and discuss 'Conspiracy' laws. Anyone who has any regular dealings with the Federal courts in the US will know about them. You are right, they shouldn't trust me, and they damn sure shouldn't trust you.


Actually it is, as well as other skillz. The phrasing was intentional. Your response to it says a lot. BTW, I notice President Lukashenko got 79% of the vote in the last election. He must be a really a great guy to get that much support from his people. 

No, but there are people doing time for money laundering with another digital currency, E-gold. The funny part is that the guys running E-gold got the time, even though they weren't the ones doing the laundering. Damn conspiracy laws. Link: http://www.pcworld.com/businesscenter/article/148720/internet_currency_firm_pleads_guilty_to_money_laundering.html

You might want to read that article and take some notes. It is far more analgous to LolCoins than WoW or Lindens.


Кожны можа выкарыстоўваць Google Translate, таварыш

But I am convinced you are Belorussian, an American would not have corrected me so many times. As I said above, it was intentional.

They should trust a Russian money launderer instead? Admittedly it is in your best interest to obfuscate and distract from the topic at hand.


Since it has been your stated intention from the beginning to launder money, you do not need to get caught 'irl'. Nor do you need to actually launder any money now. You have formed a conspiracy to break the law at some point in the future using GeistGeld and/or Tenebrix, and anyone who helps further either of those projects (by mining, hosting a pool, or an exchange, etc.) is part of that conspiracy and just as guilty under US law.

Really though, it is pointless for me to argue the intricacies of US law with a Russian money launderer. Especially the one at the center of this little criminal enterprise who has very little to lose and a very small chance of ever being brought to justice. I doubt you will lose any sleep whatsoever should anyone suffer for mining your chain. Everybody who ever breaks the law has a reason, whether base or noble, for doing so. Making you rich should not be the reason anyone goes to prison.



No, although I can see where that can be misread. Your command and grasp of American English and the idioms and slang are absolutely amazing for a non-American. Makes one wonder if you are who you say you are. Russian money laundering is a bit of stereotype, and if you scammed everyone and disappeared...well that is to be expected when dealing with shady characters from Eastern Europe, right 'comrade'?

In fact, I can't seem to find where you have been posting in any other language except English. Hmmmm....

That argument (and a large bribe) might work in your court system. It most assuredly will not fly the US Federal Courts. While this might cause the Courts to legally recognize blockchain based cryptocurrencies as currencies, the downsides to that recognition far outweigh any upsides. The US has a host of laws dealing with money, and a case such as this would be a very good excuse for them to get cryptocurrencies regulated without actually passing any new laws.


If you cannot launder 50 or 100 bitcoins worth of currency from yourself to yourself, you a bad money launderer indeed.


What tweet? What are you on about?

You can also do the same with baseball cards, Magic the Gathering cards, postage stamps, etc. Does not make them 'proper' money. Also, I doubt any form of 'proper' money is controlled by a single private corporation. You brought the 'proper money' argument in and how WoW gold is more like it than LolCoins. By your subsequent arguments cryptocurrencies are just as much 'proper money' as WoW gold is, since I can store value in them, exchange them for other forms of storage, barter and trade with them, etc. So which is it?


Not at once. You can't cash out 77,000 btc at MtGox right now even if you wanted to, let alone exchange all your Lolcoins for btc. 50 or 100 btc worth here and there will never be noticed though, and is still enough for you live comfortably in your Eastern European paradise.


It is called the United States Code. The law of my land. Truth > willful misunderstanding. Most people don't get that until the gavel falls at the end of their day in court.

WoW gold != proper money or else we wouldn't need blockchain based cryptocurencies at all. If it were so superior you would be laundering money with it instead of Lolcoins.

Nice scam with your chains btw, if either one goes to .01 btc your net worth would be about 77,000 btc. I imagine one could live nicely for quite some time in Belarus for that. Hell, one could live nicely in America for that much.

What I have is the truth. What you have is a lack of understanding. From the wikipedia article I linked, since you seem to lack the basic ability to click and read:


Of course I doubt any amount of posting will satisfy you. There is enough there to prove my point, and I am not your paralegal/secretary/bitch. Go use Google and look it up if you care past trolling.


Newsflash: you are still liable for the EULA, whether or not you read it. Ignorance is not a defense under the law.



No bounty, thx. I don't want to install a client and help further your continuing criminal enterprise. Thx, tho.



With Bounty, of course 

No but they do have to honor extradition treaties.


Neither was E-gold.


1) Yes it can. The very pages that provide the links to download the software have the intentions written on them. No jury will believe that you read the rest of the post regarding the software and somehow skipped the lines regarding the laundry part and still downloaded and configured everything correctly. The accused would have to prove they did not know it. If you want to base your freedom on trying to prove a negative like that, go right ahead. Protip: There are a lot of people in the US Federal prison system who thought they could 'prove' they did not know about a conspiracy. 

2). Somehow I think kids sharing the latest Transformers movie is a slightly lower priority than a service enabling terrorist organizations to instantly launder huge amounts of money from anywhere on the planet. I have no idea why you brought up a public tracker anyway. The point I was making is that they could easily use the 'proven' laundering from LolCoins to go after all cryptocurrencies.

3) I could claim to be a Federal judge of 22 years, or a practicing attorney, or an ex-con, would it matter? There is no need for caution or humility in my statements, because I know I am right. I am intimately familiar with the Federal Court system, and a number of cases. If you don't know how to do your own basic legal research into a topic, then you are probably not going to understand what you read anyway. If you are not familiar with the concept of conspiracy in law, then perhaps you should start with Wikipedia and go from there.  http://en.wikipedia.org/wiki/Conspiracy_(crime)#United_States

It is your freedom, risk it as you see fit. I am simply explaining how a US Attorney can put people away for many years for mining. They try drug cases that are more difficult to prove than this every single day.

Lolcust, the creator of the ‘LolCoins’ (GeistGeld and Tenebrix) has explicitly stated that his intention is to open a money laundering service with the 7,700,000 coins he premined in both chains. Perhaps in his country money laundering is a time honored and noble profession, but in most of the civilized world, it is illegal. This post is intended to educate those not familiar with the legal system in the United States, and to explain why mining these chains makes a miner just as guilty as the worst element laundering money with these coins.  I know that there are a fair amount of people in the community who could care less about laws and prison and such. More power to you, good luck in your battles. This post is for those who do care.

Most of the time in US Federal cases involving 2 or more people, the charges brought will be "Conspiracy to commit <insert crime here>". The burden of proof required for a “Conspiracy” variant of a crime is far less than it would be for the “normal” charge. Most Federal drug convictions in the US involve the “Conspiracy” variants, as witness testimony is usually enough for conviction, with absolutely zero physical evidence. Usually the prosecution has to show that a person 1) knew about the conspiracy and 2) benefitted from it. Under the law, every person involved in the conspiracy is equally guilty. The prosecutors for the US Government use this to force snitching and plea deals. It is an extremely effective tool.

Here is how this applies to the current situation: These chains were designed specifically to enable a money laundering operation. This has been stated in many places on an open, public forum, on the very pages that have the download links. It can be reasonably presumed that anyone mining these chains knows about the creator’s intentions, and therefore knows about the conspiracy. Miner gets coins for mining the chain, and thus benefits from the conspiracy. Also, the encrypting part of the mining as well as securing the network would also be seen as furthering the conspiracy.

Under US law, this makes anyone mining these chains as guilty as whoever is laundering money through it. Whether they be an evil drug lord, a Russian mobster, or a terrorist organization. Not a US citizen? Perhaps you will be ignored. Though if a terrorist organization laundered money via these chains and successfully launched an attack…well the CIA is still running its ‘Rendition’ program I believe. Also note that the Feds do not need to catch everyone. Even a dozen or so convictions would justify the money spent and give them their photo ops.

It would also give them all the ammunition they needed to demonize and shut down all other blockchain based cryptocurrencies.

Given that there are 7,700,000 premined coins in this chain and the target is 7200 coins per day (25 coins per block * 12 blocks/hr * 24 hours=7200 coins)...and 7,700,00 / 7200 = 1069 days until the network catches up to the number of premined coins....hmmm 3 years.

The last two on your list, LaundryCoin and FPGACoin respectively, aren't really in use. Neither has pools or exchanges, just a handful of suckers miners.

You do realize the guy who helped you write the code is an authority on FPGA mining, right? It would be trivially easy for him to implement it on his FPGAs.

There is an old saying somewhere about fools and their clock cycles....

For now...

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All without firing a single GHash in anger either. Do note that the 'solid'coin network has also lost about 1/3 of its hashing power since that news broke. Shows just how soft it really is.

All Skynet has to do is merely threaten a network for it to collapse. Although I am sure they can bring the pain as promised, it is still interesting the mere threat can do this much damage.