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Author Topic: A Bitcoin Millionaire arrested  (Read 583 times)
Janation
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December 23, 2018, 03:17:21 AM
 #1

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

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December 23, 2018, 03:30:37 AM
 #2

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

he is very likely a member of this forum,

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December 23, 2018, 04:04:56 AM
 #3

people go crazy all the time, specially when they lose a lot of money trading altcoins. take all those newbies who keep on starting meaningless topics about bitcoin these days. many of them have been losing a lot of money because of the volatility and the recent drop which made them make mistakes and sell too late or short when price was rising,... and each person reacts differently when they go crazy Cheesy

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December 23, 2018, 04:13:45 AM
 #4

people go crazy all the time, specially when they lose a lot of money trading altcoins. take all those newbies who keep on starting meaningless topics about bitcoin these days. many of them have been losing a lot of money because of the volatility and the recent drop which made them make mistakes and sell too late or short when price was rising,... and each person reacts differently when they go crazy Cheesy

drop will continue....

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December 23, 2018, 05:47:12 AM
 #5

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.
It is one of a kind crazy thing only seen in movies  Cheesy, after reading the news all i could remember was the scene in the movie Man on a Ledge where they throws money to distract their other activities  Grin . He wanted to do something crazy with the money he made and he has made news headlines all over the world, if he can throw money like that he can get rid of the legal stuff too. Wink

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December 23, 2018, 07:09:49 AM
 #6

This is the mark of a weak minded person and is becoming famous for all the wrong reasons. That guy must have completely lost it after the market collapsed this year and I don't think it will recover anytime soon.

This is the reason why smart people always advise investing only what you are willing to lose. Don't risk too much on this extremely volatile cryptocurrency market people or you might end up throwing a fit like this guy right here.

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December 23, 2018, 07:18:14 AM
 #7

read the story and there were contradictions.  hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000.  that's too much if his intention was really noble.
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December 23, 2018, 08:15:10 AM
 #8

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.  Grin  If I have to go to jail for a silly thing like this, then I want to do it properly.

Throwing away money like this is never a good idea, but it is better than gambling it away in a casino and not having anything to show for it.  Roll Eyes  Lazlo will be remembered for his million dollar pizzas and this guy will be remembered for this stunt.  Grin

There are a little bit of crazy in all of us.  Grin

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December 23, 2018, 10:56:31 AM
 #9

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.  Grin  If I have to go to jail for a silly thing like this, then I want to do it properly.

First of all, there's a good chance you will not go to jail for throwing paper wallet. Unfortunately they may also go unnoticed, since way too many still don't know what's that.

With fiat, it's different: people recognize it at a glance. But, according to law (at least in my country), you can't just get money from the floor and put it into your pocket, you have to return it to the owner or police (I find this law worthy for one century ago, but that's another story). So the ones collecting the bills probably did something illegal and the police had to do something. So they did Cheesy they made him even more famous Cheesy

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December 23, 2018, 11:29:54 AM
 #10

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.  Grin  If I have to go to jail for a silly thing like this, then I want to do it properly.

First of all, there's a good chance you will not go to jail for throwing paper wallet. Unfortunately they may also go unnoticed, since way too many still don't know what's that.

With fiat, it's different: people recognize it at a glance. But, according to law (at least in my country), you can't just get money from the floor and put it into your pocket, you have to return it to the owner or police (I find this law worthy for one century ago, but that's another story). So the ones collecting the bills probably did something illegal and the police had to do something. So they did Cheesy they made him even more famous Cheesy

This is getting the media and people attention that he is looking for. Unfortunately, the whole thing was causing disturbance to the public order and can be a nuisance in that big and pulsating city. I am sure that he is aware of many other ways to be kind by distributing money to people who might really be needing some help but then again they might not attract the kind pf publicity he was looking for. Now, he is facing the consequences of his action and can be penalized based on the law. I am hoping he will not do the same thing again next year.

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December 23, 2018, 11:49:57 AM
 #11

He was just too happy to be in that condition at that very tender age and trying to pass the information to every one but the way and manner he conducted that was seen as nuisance in the street and throwing a currency from the tall building is also a big offence to the country and also a big slap on their currency and that only is the reason to serve his orison term and nothing much, too much money at times makes guys go crazy ,but he at least create awareness but the street are yet to be fulling informed as the message is half done .

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December 23, 2018, 11:58:55 AM
 #12

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

"maximum penalty for his offense is a 12-month prison term and a fine of HK$5,000. "
"the police reported that they were only able to recover HK$5,000 (the equivalent of $639) from the streets."

"and they have also urged members of the public who were beneficiaries of his lawlessness to return the bills to where they got them."

in short police have to return 5000 back to the arrested man..... (so he can pay his fine)
lol..

5000 needed to pay.. only 5000 returned to him.. not a coincidence

"Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions,"
HK5000 is less than 700US
i wonder what the police done with the other amounts that they grabbed but didnt declare, thus not have to give back to the arrestee

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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December 23, 2018, 12:26:38 PM
 #13


"Innocent bystanders at the location attested to the total amount of money that was thrown away could be millions,"
HK5000 is less than 700US
i wonder what the police done with the other amounts that they grabbed but didnt declare, thus not have to give back to the arrestee

I'm amazed that they were able to get anything. He was throwing money onto people, showering them with bills. A normal reaction would be to grab them as fast as possible and most people would continue even after the arrival of the police. It's money lying on the street, they can't arrest or fine you for picking up a bill from the pavement.

That millionaire definitely did not think it through. What if someone got hit by a car collecting the bills? Our generous donor would get some serious charges.
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December 23, 2018, 01:18:12 PM
 #14

the news also reached my country even that had been a few days ago, but I did not know that the rich were part of the crypto perpetrator, which I know was a millionaire who wanted to do charity using his wealth in a different way, and on the news I saw on television it is true that he was arrested but his arrest has nothing to do with crypto advertising or anything but more because he made a mess in public space, indeed every thing will be a different story depending on the angle the news maker looks at, but if this news is related to crypto especially packaged as negative news, maybe we can just think of it as an FUD that doesn't need to be overstated

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December 23, 2018, 01:37:35 PM
 #15

At 24 and having such undisclosed millions could be difficult to control. It is his exuberance that has lead him to this mess. And not all beneficiaries of the crypto boom are members of bitcointalk.org.

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December 23, 2018, 01:40:33 PM
 #16

I think this would have had a much bigger impact if he made it rain, Paper wallets and not cash.  Grin  If I have to go to jail for a silly thing like this, then I want to do it properly.

First of all, there's a good chance you will not go to jail for throwing paper wallet. Unfortunately they may also go unnoticed, since way too many still don't know what's that.

With fiat, it's different: people recognize it at a glance. But, according to law (at least in my country), you can't just get money from the floor and put it into your pocket, you have to return it to the owner or police (I find this law worthy for one century ago, but that's another story). So the ones collecting the bills probably did something illegal and the police had to do something. So they did Cheesy they made him even more famous Cheesy
Who is to be arrested for the act is it the man throwing money from a roof top or the people who pick it, the news stated the man announcing the FCC big day which is unclear what that really mean. But it also depends on the law of the country as you said cause in my own country it a crime to throw bank note carelessly and you can get arrested for doing that just like what have happen to him it unlawfull.
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December 23, 2018, 01:49:56 PM
 #17

I remember, so this was the guy who went viral on social media few weeks ago. There's an article who interviewed him said that he felt like he was a 'god' for throwing those on air.

He created ruckus in the public so the authorities of course has to act accordingly with his careless action. He felt responsible to educate the people about bitcoin so he should also be responsible for that commotion. He's likely a member of the forum.

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December 23, 2018, 01:51:29 PM
 #18

Anyone read this? I just read this in an advertisement that popped out of nowhere.

https://www.ccn.com/hong-kong-bitcoin-millionaire-arrested-after-throwing-cash-off-apartment-building/?utm_source=CCN&utm_medium=cpc&utm_campaign=dd

Maybe he is a member of this forum too and I am a bit curious what really happened there that pushed him to do that, they say that it is an advertisement, well, in his own way of advertising.

Saw this one before. Instead of throwing this into the people who have some money why not give it to those that are in dire need in the poor region of HK. I saw one documentary or in social media the pitiful condition of some people in HK that are living in crowded and tiny spaces because of expensive daily living.

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December 23, 2018, 01:54:15 PM
 #19

At 24 and having such undisclosed millions could be difficult to control. It is his exuberance that has lead him to this mess. And not all beneficiaries of the crypto boom are members of bitcointalk.org.
it's true that the problem outside of the bitcointalk member is that there must be someone who is the recipient of the crypto boom, so don't ever involve everyone in this forum to be the recipient of the crypto boom because not everyone in here is in chaos
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December 23, 2018, 02:59:42 PM
 #20

read the story and there were contradictions.  hope he doesn't get the maximum penalty of 12-month prison term and a fine of HK$5,000.  that's too much if his intention was really noble.

I think its better for him to channel  his help on legit charity. What he did cause people to alarm and possible commotion which endanger public safety imho. Though he has a noble intention, but I think he can do better than what he did.


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