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Author Topic: Cameron And Tyler Winklevoss Release Statement On Arrest Of BitInstant CEO  (Read 940 times)
CCHarris
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January 29, 2014, 05:12:53 AM
 #1

Does anyone think Winklevoss twins had anything to do with or knowledge leading to the arrest of BitInstant.com CEO?
The Winklevoss twins were major backers in the company that was charged in charged with several cases of money laundering... So what does everyone think?  Is bitcoin going to be always be associated with illegal activity, or will it ever shine through in a positive light?

Regards,

CH
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odolvlobo
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January 29, 2014, 06:55:52 AM
 #2

They should have invested in HSBC instead.

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January 29, 2014, 07:06:24 AM
 #3

The Chinese bank, why do you say that?   
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January 29, 2014, 07:25:26 AM
 #4

Please don't be like other people and put deliberately misleading titles in your thread to get them to look at it.
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January 29, 2014, 07:32:08 AM
 #5

Lethn,

Please don't be like the rest of the people on this forum, that would rather be a smartass than say something of use, or share some information!  The title is not misleading or trying to attract people to look at the post.  The events really happened the CEO of Instantbit.com was indicted on charges of money laundering, which is a company the Winklevoss twins have heavy supported and backed financially...

Regards,

CH
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January 29, 2014, 09:29:59 PM
 #6

The title is not misleading or trying to attract people to look at the post.  The events really happened the CEO of Instantbit.com was indicted on charges of money laundering, which is a company the Winklevoss twins have heavy supported and backed financially...

Lethn is complaining that you didn't actually provide the statement. Here is the missing statement:

Quote
When we invested in BitInstant in the fall of 2012, its management made a commitment to us that they would abide by all applicable laws - including money laundering laws - and we expected nothing less.  Although BitInstant is not named in today’s indictment of Charlie Shrem, we are obviously deeply concerned about his arrest.  We were passive investors in BitInstant and will do everything we can to help law enforcement officials. We fully support any and all governmental efforts to ensure that money laundering requirements are enforced, and look forward to clearer regulation being implemented on the purchase and sale of bitcoins.

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January 29, 2014, 09:35:57 PM
 #7

Lethn,

Please don't be like the rest of the people on this forum, that would rather be a smartass than say something of use, or share some information!  The title is not misleading or trying to attract people to look at the post.  The events really happened the CEO of Instantbit.com was indicted on charges of money laundering, which is a company the Winklevoss twins have heavy supported and backed financially...

Regards,

CH

In fairness this does look misleading without a link to the actual statement / quote.

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Smileyftw
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January 31, 2014, 07:54:26 AM
 #8

bitcoins is already associated with illegal activities
Flashman
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January 31, 2014, 11:32:25 AM
 #9

So is everything from gold through dollars and laundry soap.

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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January 31, 2014, 11:50:33 AM
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So is everything from gold through dollars and laundry soap.

lol at laundry soap Tongue
And you can very likely find drugs on your banknotes. Smiley
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January 31, 2014, 01:14:21 PM
 #11

I'm not joking about the laundry soap...
http://nymag.com/news/features/tide-detergent-drugs-2013-1/

TL;DR See Spot run. Run Spot run. .... .... Freelance interweb comedian, for teh lulz >>> 1MqAAR4XkJWfDt367hVTv5SstPZ54Fwse6

Bitcoin Custodian: Keeping BTC away from weak heads since Feb '13, adopter of homeless bitcoins.
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January 31, 2014, 01:21:57 PM
 #12

I'm not joking about the laundry soap...
http://nymag.com/news/features/tide-detergent-drugs-2013-1/

wow, I didn't read that before. Thanks for the link Smiley

Quote
On certain corners, the detergent has earned a new nickname: “Liquid gold.”

 Cheesy
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January 31, 2014, 02:11:58 PM
 #13

The fact of the matter is any CryptoCurrency will always be used for illegal activities. As will cash, gold and yes laundry soap as I just learned (I actually laughed at this one). And there will be no amount of regulations that will stop this. We cannot control the drug issue in the US or any other country for that matter. It's just that Bitcoin and cryptoCurrency is so new to the general public it's easy for the media to point to all the bad things happening and say "this is why we should not use it", that's when the smart people of the public go, "but people use lots of things for illegal activities". This will be a back and forth subject for a long time, it will eventually be a hot topic for politics and new business but right now It's the hottest target because it's new. As long as we (the community) stay behind it, there will not be a problem. They would have to shut off the internet completely to stop Bitcoin and even then they would have a hard time stopping it, I am sure there are enough underground hardcore crackers/hackers that would keep it alive.

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February 01, 2014, 02:42:17 PM
 #14

I'm sure they had no prior knowledge of the CEO's private activities on Silk Road - and even if they did, they are sure to distance themselves as quickly and as far away as possible. Bitcoin is here to stay and will get more mainstream respect as additional major international players start accepting it over the coming 1-2 years.
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