@zhoutong thanks for answering some questions. Can you show us some paperwork on bitcoinica.com, like company registration with the local authorities, and your position in the company ? Contract or similar will do, you can blackout very sensitive information.
Can you do the same for your "business"  indeed but that would be only for my person, as i don't have a company. please keep on topic dude So you didn't bother to ask him FIRST? A few days delay before they publish the necessary documents is too long to wait? What is the time-sensitive ulterior motive here? You are asking for information, have been told it will be coming very soon (which it will), and now it is our turn to ask you a few things. First question being: Do you have the necessary licenses to deal with cash in the manner that your "business" does? And, can you prove it? Easy, bitcoin is not cash, only a digital good so taxes are filed for trading digital goods. Sending cash from one individual to another wasn't illegal last time i checked if you comply with the regulations and limits. If you traded with me at least once in the past you have it more than proven. |
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Attention business owners: Please send you applications for the Paraipan Seal of Approval or you'll be denounced to the popos.  Best thing I saw all day.  Thank you psy !!! LOL. Seal of approval. Hehehe. haha, thanks guys you're awesome, my nick is Paraipan and i approve this message  |
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@zhoutong thanks for answering some questions. Can you show us some paperwork on bitcoinica.com, like company registration with the local authorities, and your position in the company ? Contract or similar will do, you can blackout very sensitive information.
Can you do the same for your "business" indeed but that would be only for my person, as i don't have a company. please keep on topic dude |
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@zhoutong thanks for answering some questions. Can you show us some paperwork on bitcoinica.com, like company registration with the local authorities, and your position in the company ? Contract or similar will do, you can blackout very sensitive information.
Who else works at bitcoinica.com ? Can you provide some relevant information in the public domain on the issues above ?
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I think it's the whole idea of: "Hey, we're developing technology that will free people to use their money how they see fit, send and receive it to and from anyone they like, and use it without any meddling by banks and governments!" "Realy? Let me report that to the authorities, just in case!" that's somewhat disgusting  Also, can someone explain to me why money laundering is a bad thing? Bitcoin launders money every time you send money to someone and receive change to a different random address. What's wrong with having anonymous money? please read at least the first posts Rassah, you will understand. The laundering involves us dollars and i don't know why it's a bad thing in general, guess it has something to do with war on drugs. |
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It's a reasonable approximation of board rules, which is why I left it. You can mostly get by on common sense here.
The comment of yours that I posted above isn't related to the OP in the slightest. This is what counts when determining whether something is on-topic. Normally I'd just delete posts like this, but I'm 99.9% sure you're Atlas, so you should be very familiar with board rules by now.
what about this kind of posts https://bitcointalk.org/index.php?topic=64176.msg753204#msg753204 ? |
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Parapain opened up a channel to the police in regards to a bitcoin business. If anything, he has an opportunity to learn directly from working officials on bitcoin laws in Spain. When everyone's done being angry and realizes that there is nothing the Spanish inquisition can do about a business in Singapore, why not ask Parapain to relay some questions to the police (since they're already looking into it)?
Use opportunities people. The door's already open, let's just walk through it.
you made great post and now you ruin it, bitcoinica operates with mtgox codes and their codes too without requiring any identification. I have access to it so the service can be used from Spain, thus under Spanish jurisdiction too. Dollars are used to make the deposits and pay interest. Sounds like you have another police report to file then-- for MtGox! ^_^ actually i don't, their info is publicly available and they comply with AML regulations, had my doubts using them at first |
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Parapain opened up a channel to the police in regards to a bitcoin business. If anything, he has an opportunity to learn directly from working officials on bitcoin laws in Spain. When everyone's done being angry and realizes that there is nothing the Spanish inquisition can do about a business in Singapore, why not ask Parapain to relay some questions to the police (since they're already looking into it)?
Use opportunities people. The door's already open, let's just walk through it.
you made great post and now you ruin it, bitcoinica operates with mtgox codes and their codes too without requiring any identification. I have access to it so the service can be used from Spain, thus under Spanish jurisdiction too. Dollars are used to make the deposits and pay interest. |
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^matthew's post, and the fact that bitcoinica gets external funds from mtgox codes to hedge or pay interest.
Glad you stepped by Matthew and do some constructive posting, i will patiently wait for an official response from bitcoinica wherever they please most. Until then I will be in my "cave" trying not to disturb more these forums and hope the police will keep me updated.
@teflone i've been called things all my life, i got used to it
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To OP
Go after an ACTUAL proven scammer you idiot..
Your lack of brains is amazing...
Such slime...
lol, how can you prove a scammer before he scams ? |
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@Littleshop hate repeating it all over this thread quoting psy: @teflone: I could translate it to you but I'll just tell you the general guidelines.
1- He discovered a website in the internet who takes money from people without asking for identification documents.
2- That the only information they have in the webiste is about how to send money to them.
3- That in a later date they started accepting deposits from people and they play with them on the market and promise high returns on the investment.
4- That he has asked more information about the company in public forums, I suspect bitcointalk.org, and have got no answers from the company, thus believing they are a sweat shop.
5- He hasn't personally lost any money or patrimony with said company but it's his desire that the police investigates them |
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I don't think there is a conflict of interests at all, it's only a warning to the competent authorities of the potential unregulated or illegal activities until the opposite is proven
We have to prove we are innocent? When asked about what laws you thought they broke you said you did not know. So what are you accusing them LEGALLY with that complaint you put in writing? again, i'm not accusing anyone with nothing only putting it into the authorities attention, i recommend you do the same and let them investigate Third ask. What are you accusing them of in that complaint? The title of YOUR thread is "Legal complaint against bitcoinica.com" of nothing, the exact translation of "denuncia" in Spanish language is "complaint" in English, you can understand it as the complainant gives a heads up of suspicious activity to authorities |
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I don't think there is a conflict of interests at all, it's only a warning to the competent authorities of the potential unregulated or illegal activities until the opposite is proven
We have to prove we are innocent? When asked about what laws you thought they broke you said you did not know. So what are you accusing them LEGALLY with that complaint you put in writing? again, i'm not accusing anyone with nothing only putting it into the authorities attention, i recommend you do the same and let them investigate @RandyFolds please keep those comments for yourself if you don't have anything of value to add, are you affiliated in any way with bitcoinica ? |
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i understand you are not a native english speaker, as me, by "no boundaries" they mean "no frontiers" and yes they have limits like all money services do.
Thank you for being nice enough explaining the word "boundaries". Now since you've admitted there IS a limit, should you let your potential (if any) customer know what those limits are? Since you collect your customer's personal information, what will your privacy policy be and how are you going to do safekeeping? Should they know your information as well? fixed that, i'm not a native english speaker The sending limits depend on every receiving office and are posted on the CONTACT page. Personal information is only used to make the actual transaction and saved for a reasonable amount of time to comply with regulations. Disclosure of any kind of personal info isn't made to any third parties not involved in the actual transaction. My personal information is provided upon request and stated in the receipt too. |
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Anyone who does business with this guy would be highly unethical. He has used the law (which exists to protect customers) as a commercial weapon. He has a conflict of interest. It is when companies (and large corporations) use the law in this manner that a society becomes corrupt. This guy is a promoter of corruption. i don't provide any kind of platform similar to bitcoinica, i don't understand your point As paraipan runs a business with competing interests, his legal filing is of dubious legality. This is termed conflict of interest. His role as a competing business has the potential to possibly corrupt his other acts in this area. Legally he has no role in this area. He is not a customer. http://bitcoinmedia.com/bitcoinica-legal-complaint/It does not matter. You're in a legally grey area by using the law in this way. And in a highly unethical way too. I don't think there is a conflict of interests at all, it's only a warning to the competent authorities of the potential unregulated or illegal activities until the opposite is proven |
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Anyone who does business with this guy would be highly unethical. He has used the law (which exists to protect customers) as a commercial weapon. He has a conflict of interest. It is when companies (and large corporations) use the law in this manner that a society becomes corrupt. This guy is a promoter of corruption. i don't provide any kind of platform similar to bitcoinica, i don't understand your point |
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edit: i will retract my complaint if documentation is provided by bitcoinica
You are asking bitcoinica for AML documentation when they are not located in the USA or Spain? Can you point out the law bitcoinica is violating in it's home country? Don't get me wrong, I think bitcoinica is a rip off. The huge spreads combined with the liquidation policy (not that they do it, but how easily they do it) make it a great way to loose BTC. I also feel the interest component has the potential to allow (or encourage) the owner to allow the deposits to grow so big that they are incentive for going rouge with them. i would point laws if i would know some, money laundering to start with and promise of returns for customer deposits https://www.bitcoinica.com/pages/interestSo why are you putting forward a LEGAL complaint when you don't know of any laws broken? i suppose you know it's not our job to determine the legality of an online service, we just use them without asking too many questions. I would really like to know, in what country is bitcoinica registered ? @RaggedMonk i stand behind my actions, yes |
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Are you an employee or owner of CONTACT? Or are you some sort of affiliate? What is your AML program for this service?
affiliate thanks to okpay.com. I collect and store sender identification and receiver is identified before collecting funds. I comply with the service sending limits that are under AML regulations. What sending limit? According to okpay webstie: >> No Boundaries: OKPAY Company service is available worldwide with practically no limit on transaction amounts and volumes; Edit: says benefit #7, link https://www.okpay.com/en/solutions/freelance.htmli understand you are not a native english speaker as me, by "no boundaries" they mean "no frontiers" and yes they have limits like all money services do. |
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https://bitcointalk.org/index.php?topic=61017.msg753478#msg753478Paraipan's signature used to contain a link to Bitcoin Magazine. I asked on that thread whether he was involved, and now the link in his signature is gone. There has been no official comment from Matthew N Wright. Paraipan, are you involved in the production of the Bitcoin Magazine? i already answered you edit: @BadBear i will not remove content of my posts and appreciate you not copying it or removing any of it |
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