SEC agent (OP)
Member
 Offline
Activity: 98
Merit: 10
America, land of the free
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May 18, 2013, 12:14:14 AM |
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Mt.Gox will get shut down. They have attracted the attention of government organizations across the world, and their failure to comply with international law will stand no longer. They were given multiple warnings and chances to operate inside of the law, but they refused. Clients who do not remove their funds from MtGox risk seizure and forfeiture.
Mt.Gox's closing will serve as a warning to all the unlicensed illegal currency exchanges; Comply or you are next. If you are a customer of one of the other illegal exchanges, know that you are also risking seizure and forfeiture of your funds. You have been forewarned.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 18, 2013, 12:16:47 AM |
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SEC agent
lol
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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May 18, 2013, 12:17:26 AM |
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*Fastest ignore ever*
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Bitcoin = Gold on steroids
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amencon
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May 18, 2013, 12:20:32 AM |
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Haha, the best part about this FUD is it's subtlety.
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MAbtc
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May 18, 2013, 12:23:17 AM |
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Word sweet name bro
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Crypt_Current
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May 18, 2013, 12:25:18 AM |
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 <--- GENUINELY SCURREDED . . . . . . . . . . . . . . . . . . . . . LOL
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BitcoinAshley
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May 18, 2013, 12:31:23 AM |
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This, despite being posted by a fake "SEC agent," (lulz) is bullish news. Bitcoin, by its very nature, is destined to constant regulatory attack. Even when the exchanges are all operating within the regulations, more will be passed to increase the regulatory permit entry barrier, and eventually bitcoin will be recognized as "Terrorism" and an all-out media FUD war will start. The IRS (and equivalent tax authorities in other countries) will get involved and start spying on and heavily scrutinizing the tax returns of individuals who use Bitcoin. There will be high-profile arrests on the news. The new NSA data center will maintain a huge database of bitcoin addresses and suspected links to users. This is all good because it's, quite simply, guaranteed. A lot of people bought into bitcoin "hoping all this wouldn't happen" because they thought it would "kill bitcoin." The government can't kill the protocol, they can only make peoples' lives miserable who use it. And in case you think that will hurt adoption for the likes of "little old Grandma," guess what? In the 1920s, "little old [great-]Grandma" was whispering the secret password to get to the SpeakEasy. In the 1960s, little old grandma was buying terrible quality pot from some sketchy hippie dude. In the 1980s, she was buying cocaine from a sketchy street dealer for some exorbitant price. In the 2000s she watched her retirement investments get annihilated by Wall St. fat cats, and she also watched DVDs her grandson burned for her, who downloaded them via the P2P torrent protocol, which the government tried and failed to shut down by targeting businesses and end users rather than the protocol (which they can't touch). And now she's watching the government slowly become insolvent, worrying her that her social security check isn't going to come one month... Have no fear, SEC Agent, Bitcoin is here to stay - and there's nothing you can do about it  Fortunately, news like the Gox news will weed out people whose opinion regarding the potential effect of government intervention on Bitcoin price is incongruent with their position (holding bitcoins despite the fundamental nature of their protocol designed to invoke the wrath of TPTB.) These people should sell all of their coins immediately. |
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 18, 2013, 12:42:31 AM |
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SEC agent (OP)
Member
Offline
Activity: 98
Merit: 10
America, land of the free
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May 18, 2013, 12:56:26 AM |
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Make light of it if you wish. A lot of you wont be laughing when the exchanges serving the US (and Europe for that matter) get shut down one by one for non-compliance.
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"It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it." -George Washington
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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May 18, 2013, 01:08:23 AM |
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Make light of it if you wish. A lot of you wont be laughing when the exchanges serving the US (and Europe for that matter) get shut down one by one for non-compliance.
And what about the US based exchanges with the proper licenses? |
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Coinbuck @ BTCLot
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May 18, 2013, 01:24:37 AM |
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You know that pretending to be a authority agent is a crime right ?
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MonadTran
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May 18, 2013, 01:26:00 AM |
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The IRS (and equivalent tax authorities in other countries) will get involved and start spying on and heavily scrutinizing the tax returns of individuals who use Bitcoin. There will be high-profile arrests on the news. The new NSA data center will maintain a huge database of bitcoin addresses and suspected links to users.
This is all good because it's, quite simply, guaranteed.
I would not discount a possibility that the entire house of cards is going to collapse before it gets this bad, 90% of the IRS staff would get fired, and they would have more important issues than spying on Bitcoin users. |
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repentance
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May 18, 2013, 01:32:56 AM |
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Make light of it if you wish. A lot of you wont be laughing when the exchanges serving the US (and Europe for that matter) get shut down one by one for non-compliance.
And what about the US based exchanges with the proper licenses? There's a lot more to be compliant than simply being licensed. Properly licensed financial services get fined by FinSEC for breaching financial services regulations all the time and many of those services have entire departments devoted to compliance and infrastructure costing tens of millions of dollars which is supposed to help them meet their obligations. At this point, Bitcoin services are vulnerable because significant fines would likely wipe them out and 100% compliance isn't easy without a substantial investment in fairly sophisticated compliance programmes. |
All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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Blueberry408
Member
Offline
Activity: 97
Merit: 10
One American Sumbitch Which Love 8
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May 18, 2013, 01:35:14 AM |
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Mt.Gox will get shut down. They have attracted the attention of government organizations across the world, and their failure to comply with international law will stand no longer. They were given multiple warnings and chances to operate inside of the law, but they refused. Clients who do not remove their funds from MtGox risk seizure and forfeiture.
Mt.Gox's closing will serve as a warning to all the unlicensed illegal currency exchanges; Comply or you are next. If you are a customer of one of the other illegal exchanges, know that you are also risking seizure and forfeiture of your funds. You have been forewarned.
Was the government interested in providing us residents with a list? |
Feel free to send along any spare floating point remainders: 1CVTqVbqHTw35xGKfp4vmxggKdkMVwswtr
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Blueberry408
Member
Offline
Activity: 97
Merit: 10
One American Sumbitch Which Love 8
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May 18, 2013, 01:51:26 AM |
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You know that pretending to be a authority agent is a crime right ?
I would say those private individuals who are actually registered as transfer agents, professionals who keep the books according to commission standards, especially as a collective, would be financially motivated after research and interested in the potential market bitcoin would offer. http://www.sec.gov/spotlight/enf-actions-fc.shtmlTo me, it looks like a list of problems that cc could potentially solve, if you are creative enough. And market economists are plenty creative. We hand them Nobel Prizes nowadays. If theres the slightest chance that bitcoin or some cc could become the next NASDAQ, expect to see something about bitcoin on this page. Otherwise, it was just a flash in the pan./ |
Feel free to send along any spare floating point remainders: 1CVTqVbqHTw35xGKfp4vmxggKdkMVwswtr
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bozak
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May 18, 2013, 02:59:00 AM |
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Make light of it if you wish. A lot of you wont be laughing when the exchanges serving the US (and Europe for that matter) get shut down one by one for non-compliance.
And what about the US based exchanges with the proper licenses? Which US exchanges have the proper licenses? I've been trying to figure this out, no luck so far. |
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saddambitcoin
Legendary
Offline
Activity: 1610
Merit: 1004
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May 18, 2013, 03:05:50 AM |
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Make light of it if you wish. A lot of you wont be laughing when the exchanges serving the US (and Europe for that matter) get shut down one by one for non-compliance.
When that happens we'll buy directly from the miners with cash money. |
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bbit
Legendary
Offline
Activity: 1330
Merit: 1000
Bitcoin
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May 18, 2013, 03:07:17 AM |
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who else is getting taken down?
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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May 18, 2013, 03:37:42 AM |
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Make light of it if you wish. A lot of you wont be laughing when the exchanges serving the US (and Europe for that matter) get shut down one by one for non-compliance.
And what about the US based exchanges with the proper licenses? Which US exchanges have the proper licenses? I've been trying to figure this out, no luck so far. Coinbase, for one. They are not a full service exchange like Gox, but you can link it to your bank account and then do buys and sells. |
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TheFootMan
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May 18, 2013, 04:32:06 AM |
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Mt.Gox will get shut down. They have attracted the attention of government organizations across the world, and their failure to comply with international law will stand no longer. They were given multiple warnings and chances to operate inside of the law, but they refused. Clients who do not remove their funds from MtGox risk seizure and forfeiture.
Mt.Gox's closing will serve as a warning to all the unlicensed illegal currency exchanges; Comply or you are next. If you are a customer of one of the other illegal exchanges, know that you are also risking seizure and forfeiture of your funds. You have been forewarned.
Are you Nagle's brother ? |
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