[2017-11-19] Bitcoin Critic Saudi Prince Alwaleed Arrested for Money Laundering

[aalfadhala]

Last month, billionaire investor and Saudi Prince Alwaleed bin Talal has stated during an interview with CNBC that Bitcoin is “Enron in the making”.

When asked to explain his statement the Saudi billionaire mentioned “It just doesn’t make sense. This thing is not regulated, it’s not under control, it’s not under the supervision of any central bank”. Alwaleed also stated “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making.”

Full Article: https://coinblip.com/blog/bitcoin-critic-saudi-prince-alwaleed/


Thoughts?  

[rjbtc2017]

"This thing is not regulated, it’s not under control, it’s not under the supervision of any central bank". Wow,Saudi Prince Alwaleed bin Talal has described Bitcoin in layman's term in the most simple way.

Well his situation is a big example of Irony, How Ironic it is that you mock Bitcoin for it's features that could possibly support fraud and money laundering, when you are arrested for Money Laundering and also you are a Prince.

Karma really works in this situation. His statements are now useless even if he is a prince.

[aalfadhala]

I agree, it seems that he missed the real point of Bitcoin. Karma got him in 2 weeks 

[iram1011]

LOL! Not again!

Few days before I read a news that JPMorgan subsidiary was found to be involved in money laundering and now this Saudi billionaire. Both of them called Bitcoin a fraud.
What is going on, is Satoshi taking revenge?  

Anyways, regarding doubting Bitcoin. I don't find any wrong in that. In economics, when a commodity multiples its value without any intrinsic value, it is called a bubble. Bitcoin here is bringing a revolutionary form of currency. But we are measuring the growth of Bitcoin through conventional approach that might suits stock and shares but is not apt for bitcoin according to me.

[Kprawn]

LOL! Not again!

Few days before I read a news that JPMorgan subsidiary was found to be involved in money laundering and now this Saudi millionaire. Both of them called Bitcoin a fraud.
What is going on, is Satoshi taking revenge? 

Anyways, regarding doubting Bitcoin. I don't find any wrong in that. In economics, when a commodity multiples its value without any intrinsic value, it is called a bubble. Bitcoin here is bringing a revolutionary form of currency. But we are measuring the growth of Bitcoin through conventional approach that might suits stock and shares but is not apt for bitcoin according to me.

The thing is, these people shine a light on other people because they think they are untouchable and that they can get away

with their own shit. And this is where they are wrong.... They are standing on the wrong side, when they are throwing the

shit.....the fan is blowing it their way. How does that saying go...? People in glass houses should not throw stones.

Get some. 

[Lancusters]

Through the oil cleans off a lot more traditional currencies than bitcoin. I don't see any problems in the existence of bitcoin. The government come up with these tales which have no confirmation in order to create a negative image of bitcoin. That they want to justify their future actions in the fight against bitcoin. The arrest of the princes in Saudi Arabia it's just a struggle for power. There's money laundering involved all.

[1Referee]

I agree, it seems that he missed the real point of Bitcoin. Karma got him in 2 weeks 

This basically goes up for anyone having too much fait in the old fashion on debt based system. They have likely thought that they would be able to continue this nonsense for plenty of more decades, but Bitcoin officially has made an end to that, or at least, it made them realize that their broken system isn't untouchable. Not exactly sure what he did to get himself arrested, but apparantly, higher hand considers him to be too much of a problem, or one that will become a problem at some point. In other words, eliminate the problem before it causes problems, that's mostly how things go in that part of the world. Money laundering is just an excuse, there is something else that's playing there.

[richardsNY]

Ok, this is definitely a new low when it comes to news sites publishing everything they can in order to earn a tiny bit of ad revenue. Aside from him having been negative about Bitcoin and people enjoy how he got arrested due to that, I don't see what's so interesting for Bitcoiners that this prince has been arrested for money laundering. One thing doesn't correlate with the other. Does this mean that when something happens with each and every Bitcoin critic, we'll see more of these articles pop up? Damn.