Bitcoin Forum
December 12, 2017, 06:53:11 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 [7] 8 9 10 »  All
  Print  
Author Topic: MtGox account in the USA has been seized by the DHS?  (Read 25605 times)
Kluge
Donator
Legendary
*
Offline Offline

Activity: 1218


Michael, send me some coins before I hitman you


View Profile
May 14, 2013, 10:59:31 PM
 #121

I'm really shock bitcoin price hasn't crashed with this news. $119 to $114 isn't really a crash.

I wonder if we will see a slow decline over the next few days as this gets reported in the news.

This could be very bad for bitcoin if it is a sign that the US govt is cracking down. If they manage to shut down the exchanges or prevent anyone from sending US dollars to them, if could effectively kill bitcoin. And no, I don't think bitcoin can survive as a currency that exists everywhere but the US. This is scary and I'm surprised the market has not reflected this yet.

Hopefully this was because of some misuse of MtGox's dwolla account when it comes to AML regulations and not a sign of things to come.
There aren't many people using Bitcoins who aren't nerds, and we know there are many alternatives to Gox and Dwolla. I used Dwolla because it's cheap, but the Gox % fee actually makes it slower and more expensive than a wire to BFX in many cases. If they start going into exchanges' bank accounts, we go back to p2p trades, but until we know what DHS is charging, there's not reason to assume they'll go after other exchanges just because Bitcoin.

Don't mix your coins someone said isn't legal
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513061591
Hero Member
*
Offline Offline

Posts: 1513061591

View Profile Personal Message (Offline)

Ignore
1513061591
Reply with quote  #2

1513061591
Report to moderator
1513061591
Hero Member
*
Offline Offline

Posts: 1513061591

View Profile Personal Message (Offline)

Ignore
1513061591
Reply with quote  #2

1513061591
Report to moderator
1513061591
Hero Member
*
Offline Offline

Posts: 1513061591

View Profile Personal Message (Offline)

Ignore
1513061591
Reply with quote  #2

1513061591
Report to moderator
wsoei
Jr. Member
*
Offline Offline

Activity: 46



View Profile
May 14, 2013, 11:06:00 PM
 #122

"REPORT: Department Of Homeland Security Prevents Payment Provider From Transferring Money To Bitcoin Exchange"
http://www.businessinsider.com/dwolla-mt-gox-2013-5

Tip Jar: 19j2N3ow9X8G9jTfjZHEWDSfzBBkunkg6W
Petition to Ban BFL from Advertising
w8ks6
Jr. Member
*
Offline Offline

Activity: 32


View Profile
May 14, 2013, 11:08:06 PM
 #123

But you need to get your fiat converted to bitcoin to begin with.  Unless you want Bitcoin to only be for the miners or only for people who sell things to people who have bitcoin.   In that case it is massive FAIL for bitcoin for anything but a very small niche market.   Of course that is what is inevitable because the big Banks will make this happen but it's definitely not a good thing.
That's the point: if the banks will make this happen anyway, no need to continue deluding ourselves.

I think it will not be a massive fail, but the exchange rate will be set against real assets, as it was in the 10k-pizza days, or whatever being sold on Bitmit and such.

More than half the Bitcoins are already out there. So, it's not only the miners that can spend them. If you have goods or services that I want, I'll pay for them with Bitcoin, even though I am not a miner. So, it might just take more time for bitcoins to spread around, but I think it won't be the massive fail you predict.
gweedo
Legendary
*
Offline Offline

Activity: 1246


Java, PHP, HTML/CSS Programmer for Hire!


View Profile WWW
May 14, 2013, 11:15:49 PM
 #124

I think this has more to do with laundering money then bitcoin, itself. Something tells me they will clear it after a couple days.

Want to earn 2500 SATOSHIS per hour? Come Chat and Chill in https://goseemybits.com/lobby
leopard2
Legendary
*
Offline Offline

Activity: 1243


View Profile
May 14, 2013, 11:46:14 PM
 #125

What the heck is Dwolla? For retards that cannot fill in a wire transfer form?

In theory BTC could work without any fiat conversion at all, all that would be required is a published conversion rate, which merchants all over the world could use, to convert their fiat prices into BTC and accept it.

Somewhere in between is BTC marketplaces that just bring buyers and sellers together; then what? Will the DHS seize every bank account on the planet? Wire transfers are peer-to-peer too.

Go, retards, panic sell.  Roll Eyes

Truth is the new hatespeech.
Klestin
Hero Member
*****
Offline Offline

Activity: 494


View Profile
May 14, 2013, 11:47:34 PM
 #126

What the heck is Dwolla? For retards that cannot fill in a wire transfer form?
Retards are those who don't want to pay expensive wire transfer fees?
Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456



View Profile
May 14, 2013, 11:50:18 PM
 #127

What the heck is Dwolla? For retards that cannot fill in a wire transfer form?
Retards are those who don't want to pay expensive wire transfer fees?

Retards are the ones who continue using a company after said company declared themselves to be against everything BTC represents. That was what, 1 and a half year ago already? Huh
donkeys will be donkeys, I guess...

leopard2
Legendary
*
Offline Offline

Activity: 1243


View Profile
May 14, 2013, 11:53:10 PM
 #128

What the heck is Dwolla? For retards that cannot fill in a wire transfer form?
Retards are those who don't want to pay expensive wire transfer fees?

Just find a bank that is cheaper, and transfer larger amounts - the fee is normally the same for $10 or $500.

BTC is like a foreign currency; and you would not buy $10 worth of Euros or whatever from a bank, would you?

Truth is the new hatespeech.
LightRider
Legendary
*
Offline Offline

Activity: 1485


I advocate the Zeitgeist Movement & Venus Project.


View Profile WWW
May 14, 2013, 11:56:11 PM
 #129

Hopefully wikileaks will do its thing and let us all know what really happened very soon.

Bitcoin combines money, the wrongest thing in the world, with software, the easiest thing in the world to get wrong.
Visit www.thevenusproject.com and www.theZeitgeistMovement.com.
papaminer
Sr. Member
****
Offline Offline

Activity: 462


Free World


View Profile WWW
May 14, 2013, 11:57:40 PM
 #130

MtGox is outside the jurisdiction of the US government, they can't seize their accounts or anything of theirs at all.  Maybe the email is badly worded

TELL THAT TO MEGAUPLOADS ATTORNEY

฿: 1L7dSte4Rs4KyyxRCgrqSWYtkXdAb4Gy1z

MORE INFO ABOUT ME: BTC
SamS
Member
**
Offline Offline

Activity: 70


View Profile
May 14, 2013, 11:59:17 PM
 #131


Well, the Winklevii have plenty more where that came from...

Bitcoin: 16i8sQWjZo3QPhhSfWupJff5PtwTxxpRJJ
Ripple:  rL7mRCDYBXsVSM2obdvEjwft5fPUmxv3ra
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 756


Ching-Chang;Ding-Dong


View Profile WWW
May 15, 2013, 12:00:37 AM
 #132

MtGox is outside the jurisdiction of the US government, they can't seize their accounts or anything of theirs at all.  Maybe the email is badly worded

TELL THAT TO MEGAUPLOADS ATTORNEY
At it said they were freezing their US accounts. If they have account in the US, they surely can be frozen.

marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2464



View Profile
May 15, 2013, 12:13:23 AM
 #133

If only there were a way to move value around without the threat of it getting seized by a third party.  Somebody should invent something.

This ^^  Grin

leopard2
Legendary
*
Offline Offline

Activity: 1243


View Profile
May 15, 2013, 12:16:41 AM
 #134

Look I don't know what to say  Undecided

I have had coworkers going for Mtgox because "they are the largest"  Roll Eyes

When I saw their statement about putting customers through AML hell, when they access their website via a proxy, that is all I needed to know.

Then to make things worse, people use extra intermediaries, for a PEER TO PEER bitcoin!?! Dwolla, Paypal, and whatnot?

If only 10% of Mtgox customers would trade on localbitcoins, this would not have happened. At the moment Gox is 80% and spreads on localbitcoins are awful, but that can change.

Sure exchanges are comfortable but they are completely unnecessary; all that is required is real people with bank accounts and BTC wallets.

Truth is the new hatespeech.
marcus_of_augustus
Legendary
*
Offline Offline

Activity: 2464



View Profile
May 15, 2013, 12:16:46 AM
 #135

I'm really shock bitcoin price hasn't crashed with this news. $119 to $114 isn't really a crash.

I wonder if we will see a slow decline over the next few days as this gets reported in the news.

No think this through a little ... if people can't get their US Dollars out of Mt. Gox via Dwolla what can they do??

Well they can buy BTC and move them out of Gox .... net result BTC demand, USD supply ....

nikkisnowe
Member
**
Offline Offline

Activity: 105


View Profile
May 15, 2013, 12:23:22 AM
 #136

“First they ignore you, then they laugh at you, then they fight you, then you win.” ~ Mahatma Gandhi ~

I guess we have now moved to phase 3.
mobile4ever
Hero Member
*****
Offline Offline

Activity: 518


View Profile
May 15, 2013, 12:30:16 AM
 #137

Well to be fair the bank system doesn't exactly like Dwolla either, so it's double whammy.



They use a credit union, I believe, something owned by the people, not a banker. Its like a Co-op.
leopard2
Legendary
*
Offline Offline

Activity: 1243


View Profile
May 15, 2013, 12:31:18 AM
 #138

I'm really shock bitcoin price hasn't crashed with this news. $119 to $114 isn't really a crash.

I wonder if we will see a slow decline over the next few days as this gets reported in the news.

No think this through a little ... if people can't get their US Dollars out of Mt. Gox via Dwolla what can they do??

Well they can buy BTC and move them out of Gox .... net result BTC demand, USD supply ....

Excellent. Nothing would be better for long term BTC future than an outage of Mtgox. After awhile people would find out, hey, it works without them...

Truth is the new hatespeech.
TsuyokuNaritai
Hero Member
*****
Offline Offline

Activity: 574



View Profile
May 15, 2013, 12:31:41 AM
 #139

Here's Mt Gox's statement from a few minutes ago. The wall observer thread is too distracted by a girlie picture right now to comment so I'll get your opinion instead. Smiley

Quote
Statement Regarding Dwolla:

Like many who have contacted us, MtGox has read on the Internet that the United States Department of Homeland Security had a court order and/or warrant issued from the United States District Court in Maryland which it served upon the Dwolla mobile payment service with respect to accounts used for trading with MtGox. We take this information seriously. However, as of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. MtGox is investigating and will provide further reports when additional information becomes known.

https://www.facebook.com/MtGox/posts/468895216528224

Raoul Duke
aka psy
Legendary
*
Offline Offline

Activity: 1456



View Profile
May 15, 2013, 12:33:24 AM
 #140

What the heck is Dwolla? For retards that cannot fill in a wire transfer form?
Retards are those who don't want to pay expensive wire transfer fees?

Retards are the ones who continue using a company after said company declared themselves to be against everything BTC represents. That was what, 1 and a half year ago already? Huh
donkeys will be donkeys, I guess...


For once I agree with you!

Wassup Psy?


~BCX~

I talk about donkeys and here you are! WB BTCX Wink

Pages: « 1 2 3 4 5 6 [7] 8 9 10 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!