Liberty Reserve shutdown is a boost for Bitcoin?

[idev]

They were linked to child porn among others, I guess this will be something totally unacceptable to the public.

Well HSBC and others was done for similar if not the same things but yet do their customers give a shit.

[600watt]

this is the guy.

http://en.wikipedia.org/wiki/Preet_Bharara

he took down LR and he will aim towards bitcoin.

[Matthew N. Wright]

this is the guy.

http://en.wikipedia.org/wiki/Preet_Bharara

he took down LR and he will aim towards bitcoin.

1) Assuming LibertyReserve was *actively* and *knowingly* engaging in money laundering or whatever illegal activity the government wanted to drum up, then yes, I presume they deserve to be shut down for operating under the guise of a law abiding business and are easily attackable as a consequence.

2) Bitcoin though? What law is being broken by Bitcoin? Why would he 'come after' bitcoin, and much more importantly, how would he? Through the exchanges? See #1 above.

[escrow.ms]

this is the guy.

http://en.wikipedia.org/wiki/Preet_Bharara

he took down LR and he will aim towards bitcoin.

1) Assuming LibertyReserve was *actively* and *knowingly* engaging in money laundering or whatever illegal activity the government wanted to drum up, then yes, I presume they deserve to be shut down for operating under the guise of a law abiding business and are easily attackable as a consequence.

2) Bitcoin though? What law is being broken by Bitcoin? Why would he 'come after' bitcoin, and much more importantly, how would he? Through the exchanges? See #1 above.

There is no proof of libertyreserve's owner or LR as a currency directly being involved in cp and other illegal things. Peoples are using it for illegal things.

Peoples are using bitcoins too and i understand that you guys have too much blind faith in bitcoin but hey are you forgetting about silkroad and other sites on TOR and don't forget that those peoples who were doing  illegal deals with LR will move to bitcoin now.

They don't have another choice.

[awakening]

There is a big difference between btc and LR, one is the visible head of a technology and philosophy and the other one is simply a business.
I don't care about LR, but if they crack down into cryptocurrencies maybe is time to start to fight for our rights. Because there is no way I'm gonna allow anyone to rule my life. Or crypto, or dead.

[samson]

this is the guy.

http://en.wikipedia.org/wiki/Preet_Bharara

he took down LR and he will aim towards bitcoin.

1) Assuming LibertyReserve was *actively* and *knowingly* engaging in money laundering or whatever illegal activity the government wanted to drum up, then yes, I presume they deserve to be shut down for operating under the guise of a law abiding business and are easily attackable as a consequence.

2) Bitcoin though? What law is being broken by Bitcoin? Why would he 'come after' bitcoin, and much more importantly, how would he? Through the exchanges? See #1 above.

A quote atributed to him on the wiki page :

According to Bharara, after 9/11 “as crime has gone global and national security threats are global, in my view the long arm of the law has to get even longer. We can’t wait until bombs are going off.”

So this guy :

1 Wants to prosecute people outside of his jurisdiction
and
2 Doesn't want to wait until they've commited the crime

To sum it up, he's a prick.

[samson]

This reminds me of the saying 'First they came for the......'

I believe this may apply here.

Nobody's doing anything as there is adequate justification for seizing bank accounts based on some spurious petty minded regulations.

When they come for the Bitcoin related services there will be a well established track record enshrined in case law built on seizures like the Dwolla accounts and this Liberty Reserve case.

[creativex]

This reminds me of the saying 'First they came for the......'

I believe this may apply here.

Nobody's doing anything as there is adequate justification for seizing bank accounts based on some spurious petty minded regulations.

When they come for the Bitcoin related services there will be a well established track record enshrined in case law built on seizures like the Dwolla accounts and this Liberty Reserve case.

For a preview of what comes next just watch the movie "Minority Report"...you can't spell pre-crime w/o crime.

[escrow.ms]

This reminds me of the saying 'First they came for the......'

I believe this may apply here.

Nobody's doing anything as there is adequate justification for seizing bank accounts based on some spurious petty minded regulations.

When they come for the Bitcoin related services there will be a well established track record enshrined in case law built on seizures like the Dwolla accounts and this Liberty Reserve case.

Agree with you and all the peoples who are thinking bitcoin is untouchable will might cry in future.

I bet all those peoples who are saying "LR deserves to get shutdown, bitcoin case is different" probably doesn't even ever used LR before.

They think only legit peoples are using bitcoins and US govt won't do anything. They are forgetting "Bitcoins" untouchable thinking will attract more cryber criminals and one day US govt will Ban bitcoin related everything in america.

[Zarathustra]

Yes, and that is a joke, but a bad one. Either you're free (self-sufficient Anarchy) or enslaved (Patriarchy). Patriarchy (state/religion) is by definition expanding (always and by definition financed on credit an organised violence).

Because having only black and white is so helpful.

Yes, helpful. Stateless tribes have been free of organised violence. People who accept this type of organisation are not.

Being 100% free doesn't exist. Physics is a regulator you cannot defy.

That's wrong. The stateless are (and have been for a million years) free from police/state/mafia. Some are still stateless and therefore free,
because of their resistance to the mission of the missionaries, the henchmen of the Organised Violence (aka Church and State).

[Coinseeker]

Yes, and that is a joke, but a bad one. Either you're free (self-sufficient Anarchy) or enslaved (Patriarchy). Patriarchy (state/religion) is by definition expanding (always and by definition financed on credit an organised violence).

Because having only black and white is so helpful.

Yes, helpful. Stateless tribes have been free of organised violence. People who accept this type of organisation are not.

Being 100% free doesn't exist. Physics is a regulator you cannot defy.

That's wrong. The stateless are (and have been for a million years) free from police/state/mafia. Some are still stateless and therefore free,
because of their resistance to the mission of the missionaries, the henchmen of the Organised Violence (aka Church and State).

They also live in huts and wear leather thongs.  No thanks...I'll stick with "tyranny."  



A Libertarian Society

[Birdy]

Yes, and that is a joke, but a bad one. Either you're free (self-sufficient Anarchy) or enslaved (Patriarchy). Patriarchy (state/religion) is by definition expanding (always and by definition financed on credit an organised violence).

Because having only black and white is so helpful.

Yes, helpful. Stateless tribes have been free of organised violence. People who accept this type of organisation are not.

Being 100% free doesn't exist. Physics is a regulator you cannot defy.

That's wrong. The stateless are (and have been for a million years) free from police/state/mafia. Some are still stateless and therefore free,
because of their resistance to the mission of the missionaries, the henchmen of the Organised Violence (aka Church and State).

You didn't understand my statements, did you?
I didn't even argue anything about stateless being better or not, I've only argued that your view is 100% one-sided.
Everything got good and bad aspects, advantages and disadvantages.
You are just continuing to preach your words.

But this is a different topic and I don't really want another pagelong discussion about states right now, so I will let it pass.

[Zarathustra]

They also live in huts and wear leather thongs.  No thanks...I'll stick with "tyranny."  



A Libertarian Society

This is not a Libertarian Society. This is an autark, self sufficient Community. Society is organised violence and anonymous collectivism. A government-enforced economic war, all against all. Cheers!

[niothor]

From another thread 
https://bitcointalk.org/index.php?topic=134390.0

[trepper]

A Libertarian Society

 

Bushmen don't worship cash nor fiat, they can't be libertarian.

[gizmoh]

Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

[600watt]

Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

nice one! thx

(but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isn´t shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.)

[Rampion]

Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

And BTC exchanges, including Gox despite of its amateurism, ate trying hard to comply with regulations.... Something that LR blatantly didn't.

There is no case about "Bitcoin", and the sheriffs know it.

[MonadTran]

I didn't even argue anything about stateless being better or not, I've only argued that your view is 100% one-sided.
Everything got good and bad aspects, advantages and disadvantages.

You mean, state violence got some good aspects?
War in Iraq got some good aspects?
Drone strikes got some good aspects?
Direct theft, like LR seizure and taxation, got some good aspects?

Well, there surely are good aspects for you, if you are profiting from all of this. But overall, killing is killing, theft is theft, violence is violence. There is no good theft. Theft is 100% evil, even if you "only" steal 50% of monthly income of a person. There is no good killing, apart from that of a criminal posing an immediate threat to another person's life, killing is 100% evil.

[MAbtc]

Press conference of Bahara and his sheriffs:
At 28:30, guy talks how they are not targeting virtual currencies as long as they comply with Fincen rules.

http://www.davidnews.com/2013/05/liberty-reserve-laundered-6-billion.html

nice one! thx

(but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isn´t shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.)

Meh, he headed the multi-year investigation and bust of Pokerstars / FTP / Absolute Poker. Who knows if SDNY will even be working any cases related to virtual currencies in foreseeable future?