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Author Topic: NSA, CIA, FBI took control of Bitcoin  (Read 7544 times)
predic
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December 16, 2013, 06:47:42 PM
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When FBI sized SilkRoad, they seized also 174 000 bitcoins. Today 1 BTC is about 560 euro, so, we can imagine how much money FBI will profit from selling bitcoins.

NSA, CIA, FBI are coming in the world of digital currency, bitcoin, through company called Coinbase. This company offer online wallet for bitcoin users, similar to MtGox. Coinbase lets users to create a Bitcoin wallet and start buying/selling Bitcoin by connecting their bank account, now they have about 600 000 online wallets and they say daily 10 000 people sign up. In May they had 130 000 wallets, so, coinbase uses all investment to make marketing, even easteuropean medias publish article about Bitcoin almost every day. Coinbase is created in June 2012 by Brian Armstrong and later Fred Ehrsam became CEO too, Fred worked for Goldman Sachs. In Sept.2012 Coinbase received $600k in Seed funding and in May 2013 received $6.11M in Series A funding. In December Coinbase received $25M in Series B funding.
When I visited page About at Coinbase website, I had what to see. There is list of investors and I checked just 2 of them and the both worked for NSA.

Greg Kidd worked for Booz Allen which is sub-contractor of NSA, Edward Snowden worked also for Booz Allen.
Garry Tan is a Partner at Y Combinator and earlier he worked for Palantir. Palantir created Prism software for NSA, Palantir is worth $9 billion and in December 2013 they raised another $107.5 million. Their clients are NSA, CIA, FBI and banks. Investment bank Morgan Stanley & Co. earned a $7 million commission on the funding round. Palantir was founded in 2004 by Peter Thiel, the investor and PayPal co-founder, and Alex Karp. Its last funding round, of $196.5 million, was in September. Backers include Thiel’s Founders Fund and the CIA’s venture arm, In-Q-Tel.

Other investors are: SV Angel, IDG Ventures, Union Square Ventures, Y Combinator. Adam Draper, Ribbit Capital, Start Fund, FundersClub.

The newest investment in Coinbase, mentioned 25M in Series B funding, has been led by Andreessen Horowitz with participation from investors Union Square Ventures and Ribbit Capital. This money will be used to attract more people to use Bitcoins. But again, partner manager in Union Square Ventures is Brad Burnham who is co-founder of advertising company Tacoda that spies our browsing habits the same as Google and Facebook, and he is manager at AT&T Intellectual Property which invest in business of interest for AT&T which again cooperate with NSA.

Last days American politicians started to tolerate bitcoins, if it is not conflicting with anti money laundering policy, it means politicians are now corrupted with help of this millions. The largest bank in the US, JPMorgan, has filed a patent for an electronic currency with many similarities to bitcoin, it means, bitcoin will get competition from very rich bank, JPMorgan doesn’t need to collect millions, they have it already, it means they can kill bitcoin with their new currency, but they will need time for that. Chinese politicians decided to refuse bitcoin although they didn’t forbid it, therefore bitcoin value dropped from 1000 Dollars to 700 bucks. But after this investment of 25M, its value will rise. And when they get more users of bitcoins, investors will profit because they can make fictive transactions at exchangers and they decide what is the value of bitcoin. When they invested 6M, BTC value jumped from 150 euro to 800 euro, we will see now how much it will jump after 25M investment. It will surely jump because in that speculative way, investors make big profit, but they must attract people to buy bitcoins, to use it. But when investors are right hand of NSA, I can be speculative the same as BTC and say: it is very possible that bitcoin software developers are paid to make lower level of anonymity of users of bitcoin.

Beside investors, and people are using BTC more as commodity than as digital currency, it means they keep BTC waiting that it changes its value so they can sell it and make profit. 80% of Coinbase’s 610,000 customers now holding bitcoins in their digital wallets, but not using them for conducting commerce.

But back to anonymity and NSA. MtGox already long time ago demanded verification of identity. Mt.Gox is a Bitcoin exchange based in Tokyo, it was established in 2009 as a trading card exchange, but rebranded itself in 2010 as a Bitcoin business and was, for a time, the largest-volume Bitcoin exchange. MtGox was originally created by Jed McCaleb in July 2010, and was sold to Tibanne Co. in Japan in March 2011. It is currently operated by Tibanne Co.Ltd. managed by Mark Karpeles. Several traders in the Bitcoin community are reporting severe delays to the point of outright non-payment when requesting withdrawal of funds from Mt. Gox since April 2013. On 2 May 2013 CoinLab announced that it was suing Mt. Gox for $75m for breach of contract. On 15 May 2013 the US authorities seized accounts associated with Mt. Gox after discovering that it had not registered as a money transmitter with FinCEN in the US. Now NSA investors overtook American market for bitcoins, so, people are under control.

Jed McCaleb (or Satoshi Nakamoto hahaha) is now making an alternative to Bitcoin known as Ripple. Ripple comes with its own digital currency called the XRP. Ripple Labs has taken $3 million in investments from venture capitalists such as Andreessen Horowitz and Google Ventures. They try to find companies willing to act as money transmitters for a brand new digital currency, bitcoin is there several years and they created network which Ripple must create now. Jed split from Ripple Labs back in July (he is still on the Ripple Labs Board of Directors). But he and the other two company founders collectively own 20 billion XRPs, so he stands to benefit a lot if everything works out.

Andreessen Horowitz is a $2.5 billion venture capital firm that was launched on July 6, 2009. Marc Andreessen, Ben Horowitz, John O’Farrell, Scott Weiss, Jeff Jordan, and Peter Levine are the general partners of the firm. I checked now just one of them and I found out O’Farel had earlier company Silver Spring Networks, O’Farrell led the company’s $90 million Series D fundraising led by Kleiner Perkins Caufield & Byers which is connected with NSA. Among others, his CV says that O’Farrell held general management, marketing and consulting positions in the Booz Allen Hamilton.

debit cards websites are companies registered in London by Lithuanians who demand from you your phone, ID and utility bill, that's enough for them to make offshore companies on your name without your knowledge and they can get a bank account and make financial crimes on your name, or they can simply sell IDs. don't give to anyone too much info.
why they need more than your ID when your local bank demands only ID?
don't use coinbase, they are NSA spying shit, they make database of people that use bitcoins.
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raskolnikovx
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December 16, 2013, 06:52:26 PM
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"When FBI sized SilkRoad, they seized also 174 000 bitcoins"

No

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December 16, 2013, 07:02:41 PM
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Interesting read.  Hope you have your tinfoil hat on. Wink

Just because someone owns Bitcoins, it doesn't mean they control it.  No one person or entity controls Bitcoin.

Can someone with a significant amount of coins manipulate price though?  Sure.

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December 16, 2013, 07:07:11 PM
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Use Coinbase to buy bitcoins, then immediately withdraw them through a suitable mixing service to your own wallet.
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December 16, 2013, 07:08:41 PM
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Interesting read.  Hope you have your tinfoil hat on. Wink

Just because someone owns Bitcoins, it doesn't mean they control it.  No one person or entity controls Bitcoin.

Can someone with a significant amount of coins manipulate price though?  Sure.
With VC companies or large firms you can connect the dots to just about anything.  Even if it was the case, they would just control a company that buys and sells bitcoins, not bitcoins themselves.

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December 16, 2013, 07:10:22 PM
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the lizard people control all

http://thedailybanter.com/wp-content/uploads/2013/10/alex_jones_lizard_people.jpg

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charleshoskinson
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December 16, 2013, 07:16:38 PM
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You're forgetting that the Bitcoin Education Project is run by a former DARPA contractor with close ties to the NSA. Smiley. Bitcoin is controlled by those willing participate. Just like democracies.

The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all
satosh007
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December 16, 2013, 07:17:16 PM
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well that's interesting to read
more light should be on this topic
what if after collecting all needed ip's and bank acc.'s to make their full
list of users they decide to turn off the switch or crash the coin?

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December 16, 2013, 07:28:43 PM
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well that's interesting to read
more light should be on this topic
what if after collecting all needed ip's and bank acc.'s to make their full
list of users they decide to turn off the switch or crash the coin?

Turn off the switch?  What switch?

Read a little more and you'll soon learn there is no one switch.  You'd have to turn off every computer in the world that is running the Bitcoin client in order to essentially turn it off.

satosh007
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December 16, 2013, 07:54:37 PM
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Sure no one can shut down the coin
but control/manipulate the the price, arresting main share holders fo whatever thing they do with their coins....
well that is what ppl resort to BTC to avoid in the first place.

EnderHf
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December 16, 2013, 08:37:01 PM
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Well I doubt that governments will try to take down bitcoins since they would be messing with drug money and that would piss off a lot of rich people.

nate008
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December 17, 2013, 06:51:32 AM
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When FBI sized SilkRoad, they seized also 174 000 bitcoins. Today 1 BTC is about 560 euro, so, we can imagine how much money FBI will profit from selling bitcoins.

Incorrect.
The address contains 144,341.52115741 which is around 100 millions at today price.
By comparison:
In the fiscal year 2012, the bureau's total budget was approximately $8.12 billion that is play money for them
uck
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December 17, 2013, 06:57:48 AM
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I heard thru a reputable source, that this Coinbase company also uses "A/C" Electrical Power. The same power that NSA uses to power their farms of servers. Therefore Coinbase is obviously tied to them.




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December 17, 2013, 08:03:54 AM
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I was under the impression that they still have not cracked the key to Dread Pirate Roberts bitcoins. They may have the address but they cannot withdraw any coins from that wallet. Correct me if I am wrong but don't the feds not have access to the SilkRoad 1.0's bitcoins at all?

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December 17, 2013, 11:26:10 AM
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When most users are not anonymous, anonymity for ANY user is lost.

It isn't FUD.  Cheesy Grin Cheesy Grin Cheesy

It's real, alipay and the other payment providers and financial institutions are not allowed to deal with the bitcoin exchanges anymore.

I told you guys the legal document was open for interpretation.

https://bitcointalk.org/index.php?topic=358368.0;all


Financial institutions deal with currency, and the Chinese government wants to keep it that way.

Bitcoin Exchanges and related companies deal with Bitcoin, and the Chinese government wants to proceed this way.


It's only clarification of separation between THESE businesses, not Bitcoin in general.


Agreed. A big part of the motivation is probably to stem potential capital flight out of China via bitcoin. Not there was likely much of that going on, but the gov probably wants to get out ahead of matters. Which means eliminating layers of financial intermediaries that could obscure identity (hence why "payment processors" might not be allowed to interact with bitcoin exchanges, but banks are ok).

All in all, it will probably indeed dampen the mania to some degree, but it's by no means as hostile as many are making it out to be.

Bingo!

Good to see you all are starting to understand finally.

For the record, we can fully expect governments everywhere to demand the equivalent of AML/KYC, which is more or less what this China action likely amounts to (though more rigidly). That AML/KYC status-quo permeates the global financial system; not just the US.

Yes and they will collect capital gains and/or VAT taxes on Bitcoin appreciation as an investment even if you are trying to use it as a currency (medium-of-exchange), thus it can not be a currency.

But developers of altcoins will rise to the opportunity and create truly anonymous coins. Anoncoin isn't it. Bitcoin isn't it. I will soon publish a whitepaper to explain why.

In short, you need to understand that Chaum mix-nets (e.g. Tor) are vulnerable to timing attacks, and even honeypotting given only 3 hops. They NSA and spy agencies in each country are likely still able to track your identity much of the time. And VPNs are likely all controlled/backdoored/hacked/rooted by the NSA. And exchanging through mixers and altcoins does not obscure your IP address no matter how many times you do it. Also even across these proxies, your identity is tracked in other ways such as browser plugins trojans, cookies, patterns of internet uses such as favored search terms, facbook et al tracking the way you type, etc..

Even if you are one of the lucky few who manages to keep your anonymity assured by careful mix of the above methods, the point is the majority will not. And thus it is very simple for the government to make your anonymous coins practically unspendable and useless. The government simply sends a tax bill and put criminal liability for all activity on a coin since mining until present, until those non-anonymous coins holders (or former holders) can provide the identity of whom they bought from and sold to.

Thus all users will become afraid and only accept coins and sell coins from those who provide their complete identity. Thus only a coin with widespread assured anonymity would be able to become a currency and remain immune to government control.

So clearly you can see that you never will have anonymity with Bitcoin nor any current altcoins. Thus Bitcoin and the current altcoins can never be currencies (unless the governments take them over somehow and make them legal tender), and the government will essentially control them.

Note one means anonymity I proposed thus far are a new way to do physical crypto-coins.

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December 17, 2013, 11:48:59 AM
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Anyone who thought governments and powers won't try to co opt this new opporunity......is the prime example of naive sap with small-time delusions about 'ideals' which more capable people love to string along.

What better fool than the one who dreams it self a revolutionary and a genius?


So the wheel of power turns once again. Meanwhile, they also have something to gain by taking control of this phenomenon. If that makes me profits from Non-US, Non-European source, than I am all for liberating money from thieves around the world whose economies are based off of dumping, manipulation, espionage, and theft of intellectual property Smiley
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