Bitcoin Forum
September 23, 2019, 10:20:41 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-05-28 Reuters: US Busts Bitcoin-Like System Liberty Reserve in Costa Rica  (Read 1073 times)
ukuna
Newbie
*
Offline Offline

Activity: 28
Merit: 0



View Profile
May 28, 2013, 05:28:28 PM
Last edit: May 29, 2013, 12:26:01 AM by John (John K.)
 #1

http://www.cnbc.com/id/100769961
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1569234041
Hero Member
*
Offline Offline

Posts: 1569234041

View Profile Personal Message (Offline)

Ignore
1569234041
Reply with quote  #2

1569234041
Report to moderator
1569234041
Hero Member
*
Offline Offline

Posts: 1569234041

View Profile Personal Message (Offline)

Ignore
1569234041
Reply with quote  #2

1569234041
Report to moderator
1569234041
Hero Member
*
Offline Offline

Posts: 1569234041

View Profile Personal Message (Offline)

Ignore
1569234041
Reply with quote  #2

1569234041
Report to moderator
vokain
Legendary
*
Offline Offline

Activity: 1764
Merit: 1000


View Profile WWW
May 28, 2013, 05:29:46 PM
 #2

Well that took awhile.
kjlimo
Legendary
*
Offline Offline

Activity: 1876
Merit: 1002


View Profile WWW
May 28, 2013, 05:30:02 PM
 #3

link bucks?  I have to pay for information?  

Let me know when the US press picks up on this story.

EDIT: http://www.cnbc.com/id/100769961

someone on Reddit thinks CNBC is wrong...

http://www.reddit.com/r/Bitcoin/comments/1f7ivt/us_busts_bitcoinlike_system_liberty_reserve_in/

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
Micon
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


FPV Drone Pilot


View Profile WWW
May 28, 2013, 05:45:05 PM
 #4



http://www.washingtonpost.com/business/feds-in-ny-charge-7-in-6b-digital-currency-money-laundering-case-costa-rica-spain-arrests/2013/05/28/2f1f7ca8-c79f-11e2-9cd9-3b9a22a4000a_story.html?Post+generic=%3Ftid%3Dsm_twitter_washingtonpost

"United States Global Illicit Financial Team"

I'll bet that group isn't one for jokes

I'm flying FPV race drones these days. Check out my YouTube channel: https://www.youtube.com/c/MiconFPV
Piper67
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
May 28, 2013, 07:29:27 PM
 #5

To paraphrase: Liberty Reserve is like Bitcoin like abstinence is a sexual position, or bald a hair colour.
aigeezer
Legendary
*
Offline Offline

Activity: 1444
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
May 28, 2013, 07:32:43 PM
 #6

link bucks?  I have to pay for information?  

Let me know when the US press picks up on this story.

EDIT: http://www.cnbc.com/id/100769961

someone on Reddit thinks CNBC is wrong...

http://www.reddit.com/r/Bitcoin/comments/1f7ivt/us_busts_bitcoinlike_system_liberty_reserve_in/

From the CNBC story: "The most widely known digital currency is Bitcoin. Liberty Reserve's currency was not connected to Bitcoin."

Despite that, the bulk of the story is a heavy-handed smear of LR and BTC. It reads like an LR prosecutor's over-the-top press release hastily adapted to take a swipe at BTC. It opens with the phrase "Bitcoin-like" (huh?) in the title and closes with "Over the past week, a Bitcoin unit has traded at around $130" even though they have already said the LR currency was not connected to BTC.

Somebody has an agenda.
Grinder
Legendary
*
Offline Offline

Activity: 1284
Merit: 1000


View Profile
May 28, 2013, 08:38:24 PM
 #7

Somebody has an agenda.
Maybe they've realized they'll get a bunch of extra clicks if they mention Bitcoin in articles.
ArticMine
Legendary
*
Offline Offline

Activity: 2268
Merit: 1041


Monero Core Team


View Profile
May 28, 2013, 11:40:54 PM
 #8

Here is the Reuters link without the linkbucks junk.

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528

... and some more links from Reuters on Liberty Reserve all of course without the linkbucks junk

http://www.reuters.com/search?blob=liberty+reserve

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
aigeezer
Legendary
*
Offline Offline

Activity: 1444
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
May 28, 2013, 11:50:15 PM
 #9

Here is the Reuters link without the linkbucks junk.

http://www.reuters.com/article/2013/05/28/net-us-cybercrime-libertyreserve-charges-idUSBRE94R0KQ20130528

... and some more links from Reuters on Liberty Reserve all of course without the linkbucks junk

http://www.reuters.com/search?blob=liberty+reserve

Thanks for that. It's much less hostile to BTC than the CNBC version, except for a mild jab at the end of the piece.
aigeezer
Legendary
*
Offline Offline

Activity: 1444
Merit: 1013


Cryptanalyst castrated by his government, 1952


View Profile
May 28, 2013, 11:53:08 PM
 #10

Somebody has an agenda.
Maybe they've realized they'll get a bunch of extra clicks if they mention Bitcoin in articles.

I hope you're right and it's just "nothing succeeds like excess" journalism rather than something more sinister. I've just seen the Reuters link posted by ArticMine and it seems much more balanced to my eye.

The CNBC version irritated me so much that I... wait for it... bought the latest Humble Bundle on impulse without even looking at the titles, just so I could pay with BTC. Muhaaahaaa - sweet revenge. Actually the transaction felt surprisingly good as a symbolic gesture, and on checkout I noticed that they make it easy to spread the word about paying with BTC if you have social media accounts. I hope it goes mega-viral for them. Out with fiat, one little game bundle at a time.       Smiley
StarfishPrime
Sr. Member
****
Offline Offline

Activity: 358
Merit: 250


View Profile
May 29, 2013, 02:13:28 AM
 #11

Unfortunately for Liberty Reserve, Mr. Holder probably won't consider them "too big to prosecute" as he did HSBC and Wells Fargo/Wachovia who collectively laundered 100's of billions for the mexican cartels, and continue to do business as if nothing ever happened.

It's anyone's guess who's next...

US officials: “The global enforcement action we announce today is an important step toward reining in the 'Wild West' of illicit Internet banking...."

                         
    ¦                     
  ¦    ¦¦¦               
¦¦  ¦¦¦¦                 
                             ¦¦  ¦¦¦¦
                          ¦ ¦¦ ¦¦¦¦                     
                         ¦¦¦¦¦¦¦¦
                        ¦¦¦¦¦¦¦
                        ¦¦¦¦¦¦
                  ¦¦¦  ¦¦¦¦¦¦
                   ¦ ¦¦¦¦¦¦

                    ¦¦  ¦ ¦¦¦¦
                    ¦¦    ¦¦¦¦
                    ¦¦  ¦ ¦¦¦¦
                   ¦¦¦  ¦ ¦¦¦¦¦
                ¦¦¦¦    ¦ ¦¦¦¦¦¦¦¦
             ¦¦¦¦¦    ¦ ¦¦ ¦¦¦¦¦¦¦¦¦¦
          ¦¦¦¦¦       ¦  ¦   ¦¦¦¦¦¦¦¦¦¦¦
        ¦¦¦¦         ¦        ¦¦¦¦¦¦¦¦¦¦¦¦
     ¦¦¦¦          ¦      ¦    ¦¦¦¦¦¦¦¦¦¦¦¦¦¦
    ¦¦¦         ¦¦         ¦   ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
   ¦¦        ¦¦         ¦¦  ¦   ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦       ¦          ¦ ¦¦   ¦  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 ¦¦¦     ¦¦          ¦   ¦    ¦  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦     ¦          ¦      ¦   ¦¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦    ¦        ¦¦         ¦¦  ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦   ¦¦     ¦¦         ¦   ¦  ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦   ¦     ¦¦         ¦¦¦   ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 ¦¦   ¦¦    ¦        ¦    ¦  ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
 ¦¦    ¦   ¦        ¦¦    ¦  ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦    ¦  ¦¦       ¦     ¦  ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
   ¦¦    ¦  ¦      ¦      ¦  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
    ¦¦¦   ¦ ¦¦     ¦¦     ¦  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
     ¦¦¦   ¦ ¦¦     ¦¦    ¦ ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
       ¦¦¦¦  ¦ ¦¦    ¦  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
          ¦¦¦¦¦¦  ¦¦  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
             ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
                        ¦¦

.
TorCoin.....
¦
¦
¦
¦
  Fully Anonymous TOR-integrated Crypto
               ¦ Windows     ¦ Linux     ¦ GitHub     ¦ macOS
     ¦
     ¦
     ¦
     ¦
.
   ANN THREAD
     ¦
     ¦
     ¦
     ¦
[/center]
Pages: [1]
  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!