RICO and BTC

[Coolstoryteller]

Not sure if anyone is familiar with the RICO act but if I'm correct it potentially puts the entire Bitcoin community under investigation. http://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act

One way the government would bust Mafia members is by using "marked" bills. Agents would engage in illegal business transactions with criminal organizations and since the top members weren't at the buy they would bust those higher members when they were in possession of the marked bills which linked them to the crime. In the case of BTC - transactions and dealing on the silkroad extend into every possible aspect of bitcoin as all the Bitcoins from that ever went in and out of the Silkroad are essentially marked. What does this mean? It means that anyone operating a bitcoin related business is subject to investigation and arrest under the RICO act. Essentially the entire bitcoin network is operating as an illegal criminal organization from the miners who supported the the transactions to the pools that support the miners.

The arrest of Charlie Shrem is the beginning of the end for Bitcoin. What's even more odd is Lead Bitcoin developer Gavin meets with the CIA/NSA/CFR and then all of a sudden these arrests happen. Seems a bit odd. If you don't think this forum is also crawling with feds than you are gravely mistaken.

Anoncoin, Stablecoin and Zerocoin represent the future of cryptocurrency because those developers are working to protect the users/operators/miners from being implicated in a RICO investigation by making the transactions completely anonymous. Something bitcoin developers like Gavin could care less about. You can't have marked bills if the currency is anonymous. One needs to protect free currency through anonymity just like free speech protects both hate and praise speech.

[Holliday]

Did you read the complaint? They didn't need the block chain, nor did they use it. They used an undercover agent to discover the bank accounts involved and with that information obtained a search warrant for email communications. The rest, as they say, is history.

[BitchicksHusband]

Not sure if anyone is familiar with the RICO act but if I'm correct it potentially puts the entire Bitcoin community under investigation. http://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act

One way the government would bust Mafia members is by using "marked" bills. Agents would engage in illegal business transactions with criminal organizations and since the top members weren't at the buy they would bust those higher members when they were in possession of the marked bills which linked them to the crime. In the case of BTC - transactions and dealing on the silkroad extend into every possible aspect of bitcoin as all the Bitcoins from that ever went in and out of the Silkroad are essentially marked. What does this mean? It means that anyone operating a bitcoin related business is subject to investigation and arrest under the RICO act. Essentially the entire bitcoin network is operating as an illegal criminal organization from the miners who supported the the transactions to the pools that support the miners.

The arrest of Charlie Shrem is the beginning of the end for Bitcoin. What's even more odd is Lead Bitcoin developer Gavin meets with the CIA/NSA/CFR and then all of a sudden these arrests happen. Seems a bit odd. If you don't think this forum is also crawling with feds than you are gravely mistaken.

Anoncoin, Stablecoin and Zerocoin represent the future of cryptocurrency because those developers are working to protect the users/operators/miners from being implicated in a RICO investigation by making the transactions completely anonymous. Something bitcoin developers like Gavin could care less about. You can't have marked bills if the currency is anonymous. One needs to protect free currency through anonymity just like free speech protects both hate and praise speech.

And you don't think that a marked bill ever ended up at the corner Italian restaurant?  Do you think that they arrested the guy in the kitchen?  Using marked bills shows that money moved.  You still have to convince a jury that they had mens rea.

[EvilPanda]

Stop freaking out, it's just 1 guy that was arrested. He wanted big money, got involved in drugs, they got him = another story for the media.

[LiteCoinGuy]

Stop freaking out, it's just 1 guy that was arrested. He wanted big money, got involved in drugs, they got him = another story for the media.

free advertising 

[empoweoqwj]

Not sure if anyone is familiar with the RICO act but if I'm correct it potentially puts the entire Bitcoin community under investigation. http://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act

One way the government would bust Mafia members is by using "marked" bills. Agents would engage in illegal business transactions with criminal organizations and since the top members weren't at the buy they would bust those higher members when they were in possession of the marked bills which linked them to the crime. In the case of BTC - transactions and dealing on the silkroad extend into every possible aspect of bitcoin as all the Bitcoins from that ever went in and out of the Silkroad are essentially marked. What does this mean? It means that anyone operating a bitcoin related business is subject to investigation and arrest under the RICO act. Essentially the entire bitcoin network is operating as an illegal criminal organization from the miners who supported the the transactions to the pools that support the miners.

The arrest of Charlie Shrem is the beginning of the end for Bitcoin. What's even more odd is Lead Bitcoin developer Gavin meets with the CIA/NSA/CFR and then all of a sudden these arrests happen. Seems a bit odd. If you don't think this forum is also crawling with feds than you are gravely mistaken.

Anoncoin, Stablecoin and Zerocoin represent the future of cryptocurrency because those developers are working to protect the users/operators/miners from being implicated in a RICO investigation by making the transactions completely anonymous. Something bitcoin developers like Gavin could care less about. You can't have marked bills if the currency is anonymous. One needs to protect free currency through anonymity just like free speech protects both hate and praise speech.

Tying this to Gavin is just groundless and indefensible 

[MPOE-PR]

Not sure if anyone is familiar with the RICO act but if I'm correct it potentially puts the entire Bitcoin community under investigation. http://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act

One way the government would bust Mafia members is by using "marked" bills. Agents would engage in illegal business transactions with criminal organizations and since the top members weren't at the buy they would bust those higher members when they were in possession of the marked bills which linked them to the crime. In the case of BTC - transactions and dealing on the silkroad extend into every possible aspect of bitcoin as all the Bitcoins from that ever went in and out of the Silkroad are essentially marked. What does this mean? It means that anyone operating a bitcoin related business is subject to investigation and arrest under the RICO act. Essentially the entire bitcoin network is operating as an illegal criminal organization from the miners who supported the the transactions to the pools that support the miners.

The arrest of Charlie Shrem is the beginning of the end for Bitcoin. What's even more odd is Lead Bitcoin developer Gavin meets with the CIA/NSA/CFR and then all of a sudden these arrests happen. Seems a bit odd. If you don't think this forum is also crawling with feds than you are gravely mistaken.

Anoncoin, Stablecoin and Zerocoin represent the future of cryptocurrency because those developers are working to protect the users/operators/miners from being implicated in a RICO investigation by making the transactions completely anonymous. Something bitcoin developers like Gavin could care less about. You can't have marked bills if the currency is anonymous. One needs to protect free currency through anonymity just like free speech protects both hate and praise speech.

You are incredibly confused on pretty much all the points involved.

[empoweoqwj]

Stop freaking out, it's just 1 guy that was arrested. He wanted big money, got involved in drugs, they got him = another story for the media.

free advertising 

Sorry it wasn't litecoin, maybe next time 

[hilariousandco]

The arrest of Charlie Shrem is the beginning of the end for Bitcoin. What's even more odd is Lead Bitcoin developer Gavin meets with the CIA/NSA/CFR and then all of a sudden these arrests happen. Seems a bit odd. If you don't think this forum is also crawling with feds than you are gravely mistaken.

Cool storyteller, bro. This is just FUD / crappy conspiracy.

[empoweoqwj]

Not sure if anyone is familiar with the RICO act but if I'm correct it potentially puts the entire Bitcoin community under investigation. http://en.wikipedia.org/wiki/Racketeer_Influenced_and_Corrupt_Organizations_Act

One way the government would bust Mafia members is by using "marked" bills. Agents would engage in illegal business transactions with criminal organizations and since the top members weren't at the buy they would bust those higher members when they were in possession of the marked bills which linked them to the crime. In the case of BTC - transactions and dealing on the silkroad extend into every possible aspect of bitcoin as all the Bitcoins from that ever went in and out of the Silkroad are essentially marked. What does this mean? It means that anyone operating a bitcoin related business is subject to investigation and arrest under the RICO act. Essentially the entire bitcoin network is operating as an illegal criminal organization from the miners who supported the the transactions to the pools that support the miners.

The arrest of Charlie Shrem is the beginning of the end for Bitcoin. What's even more odd is Lead Bitcoin developer Gavin meets with the CIA/NSA/CFR and then all of a sudden these arrests happen. Seems a bit odd. If you don't think this forum is also crawling with feds than you are gravely mistaken.

Anoncoin, Stablecoin and Zerocoin represent the future of cryptocurrency because those developers are working to protect the users/operators/miners from being implicated in a RICO investigation by making the transactions completely anonymous. Something bitcoin developers like Gavin could care less about. You can't have marked bills if the currency is anonymous. One needs to protect free currency through anonymity just like free speech protects both hate and praise speech.

So bitcoin based on a blockchain is somehow "seedy" and bound to fail yet a totally anonymous crytpo is going to succeed. Succeed where? SilkRoad 3.0? Lots of people will take comfort that people doing illegal things with bitcoin are subject to the law and prosecuted accordingly. It will not bring down bitcoin. It will bring down people laundering drug money with bitcoin. All good in my book.

[Bitcoinpro]

retarded troll thread the amount of time i waste reading into this troll crap, he is probably buying heaps of coin

[bored]

retarded troll thread the amount of time i waste reading into this troll crap, he is probably buying heaps of coin

I completely agree....