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Author Topic: Victim of the Senator's saber rattling  (Read 806 times)
casascius
Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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June 08, 2011, 10:23:39 PM
 #1

I believe it's safe to call myself one of the first victims of the saber rattling from the Senator.  At least in the way I perceive it... nothing bad has happened to me, but I'd prefer to keep it that way.

As exciting as Bitcoin is, I'm in the payroll processing industry and can't afford even the remote association with money laundering, even though we all know that's a load of crap.  I am arguably in the business of being a custodian of other people's financial records and have determined that I need to limit my involvement with Bitcoin for the sake of my career.  (Yes, I did very well buying and selling Bitcoins, but my real bread and butter is payroll software and I make far more selling payroll software than I have selling Bitcoins.)

Further, I have determined that the gambler's rush of checking MtGox all the time and seeing the price shoot through the roof is consuming my life.  It's making it difficult to do my work.  I'm self-employed, and the freedom to goof off and not work while intoxicated with the rush of watching my Bitcoin wallet explode in value is just turning me much less productive and costing me elsewhere in my life.  I look at my post count and wonder where the hell I got the time to make all these posts.  Though it has been very fun.  And I anticipate being around and posting and responsive to others, just not so much.  And I am still convinced that cryptocurrency is here to stay and will make a huge difference in the world.

I have marked as private my YouTube videos.  I have sold most of my coins to private buyers on the OTC for bank wire.  I have not made any recent sales on MtGox.  MtGox still owes me several (at least 3) Dwolla withdrawals that haven't gone through, something I'm going to start complaining about LOUDLY if it isn't fixed soon, though I'm fairly comfortable it will be.  The OTC is a great place to find buyers for coins outside of MtGox.

This is no means my departure or my goodbyes - but I did want to offer an explanation for me suddenly lowering my noise level, particularly with my sell offers and videos, before they reach millions of hits instead of 65,000 and result in more serious inquiries than congratulatory e-mails.


Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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June 08, 2011, 10:34:04 PM
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It saddens me that the fear of government limits our freedom. I appreciate your post and I hope nothing bad comes from your involvement with Bitcoin.
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