TwoBitIdiots backs away from revealing the damaging documents about TBF

[dreamspark]

There's no need to give this guy so much attention. The guy didnt even know how to set up a wallet so why pay attention to any information he's fed. Clearly he's not a big player and is basically someones pawn and mouthpiece.

[cointech]

If this is true it's staggering. MtGox were running on borrowed time since 2011 and TBF endorsed it.

Of course this is all a bit of speculation but I've seen a number of other people theorize that MtGox problems started with their original hack.

[cryptologs]

TwoBit has proven to be an attention whore at best or an infiltrator at worst... his rise to "prominence" in our community and his subsequent rants seem to be straight out of the NSA playbook as transmitted by Glen Greenwald.

We should not underestimate the powers that be, or overestimate the intellectual capacity of your average crypto currency enthusiast... emotions are a powerful weapon in the hands of an experienced opponent 

[RodeoX]

TwoBit has proven to be an attention whore at best or an infiltrator at worst... his rise to "prominence" in our community and his subsequent rants seem to be straight out of the NSA playbook as transmitted by Glen Greenwald.

We should not underestimate the powers that be, or overestimate the intellectual capacity of your average crypto currency enthusiast... emotions are a powerful weapon in the hands of an experienced opponent 

I don't see how it's sensible to replace his unsubstantiated conspiracy theory with another. Why does it have to be a grand secret plan? Cops learn that 99.999% of the time the motive is greed, love or the approval of others. 

[BCB]

Two Bit Who??

This is a huge move for the Bitcoin Foundation.

http://www.coindesk.com/dc-veterans-jim-harper-amy-wiess-join-bitcoin-foundation/

The Foundation has already established itself as the goto source for all things bitcoin in Washington DC.  This will further solidify that standing.

With the addition of a PR rep look for foundation member making high profile media appearances and hopefully some more positive press.

[Wilikon]

http://imgur.com/xNkGC3H

[justusranvier]

TwoBit has proven to be an attention whore at best or an infiltrator at worst... his rise to "prominence" in our community and his subsequent rants seem to be straight out of the NSA playbook as transmitted by Glen Greenwald.

We should not underestimate the powers that be, or overestimate the intellectual capacity of your average crypto currency enthusiast... emotions are a powerful weapon in the hands of an experienced opponent 

Perhaps the real intent was to get rid of Jon Matonis in favor of someone more friendly to the DC-Manhattan mafia.

[CAMTRONNNNN]

Can you explain why *you* think impressing Washington D.C. is at the forefront of the foremost foundation in bitcoin?

Do not misconstrue my line of questioning: I appreciate the fact that transparency, compliance, and public perception are easily overlooked necessities in our movement. Especially to a bunch of cryptoanarchic punks who are solely self-sufficient, trustless, open-source etc, btc, etc. I am not one of the latter, I do find it concerning however that this is what a person of your stature in the community chooses to enunciate of all things.

I agree that getting these two new players in TBF is bold moves for bold guys/gal. I'm uncertain whether or not any direction the bitcoin foundation has captained is truly in the greater good's interest..

1BTCitsmartgui

[Bit_Happy]

Apparently this guy is doing an interview with the real Satoshi tomorrow as well, how do so many idiots get into prominent positions in the bitcoin community?

What?
Is this really happening, any updates?

[BCB]

Can you explain why *you* think impressing Washington D.C. is at the forefront of the foremost foundation in bitcoin?

Do not misconstrue my line of questioning: I appreciate the fact that transparency, compliance, and public perception are easily overlooked necessities in our movement. Especially to a bunch of cryptoanarchic punks who are solely self-sufficient, trustless, open-source etc, btc, etc. I am not one of the latter, I do find it concerning however that this is what a person of your stature in the community chooses to enunciate of all things.

I agree that getting these two new players in TBF is bold moves for bold guys/gal. I'm uncertain whether or not any direction the bitcoin foundation has captained is truly in the greater good's interest..

1BTCitsmartgui

If you are asking "me" I can only say the the major bitcoin conversation was being driven by Law Enforcement.  After the Gawker article in June 1st of 2011, http://gawker.com/the-underground-website-where-you-can-buy-any-drug-imag-30818160  bitcoin came on the public radar soley for it's ilicit use.  There was no mention of is's previous 3 years of development not the 10 years of cryptographic advancements and the emerging computer science field of distributed consensus that made the bitcoin protocol possible.

Then on June 5th of 2011 US Senator and Senate Banking Committee Member Chuck Schumer jumps on television and demands the shutdown of silkroad which uses the "anonymous" cryptocurrency bitcoin.

http://www.nbcnewyork.com/news/local/Schumer-Calls-on-Feds-to-Shut-Down-Online-Drug-Marketplace-123187958.html


Then in April of 2012 the FBI report was leaked.  http://cryptome.org/2012/05/fbi-bitcoin.pdf This probably took about 6 months to assemble so the investigation started that Fall.

It wasn't until September of 2012  that the Bitcoin Foundation was created.

Meanwhile the crypto anarachists and libertarians continued to buy drugs on silk road and allow money laundering through its unregulated use of cryptocurrency.  

Who do you think was going to win that argument?

So if it not for the efforts of the Foundation in Washington, we could have had a very different outcome at the November 2013 Senate Hearing and I guarantee you Ben Lawasky would not be calling for a Bitcoin license if interested parties were not interacting with these regulators and legislators to aid them in understanding the amazing potential benefits of the technology.

This paper was circulated to policymakers, legislator and regualtors in washington.
http://mercatus.org/sites/default/files/Brito_BitcoinPrimer_embargoed.pdf

This is a Great article about how effective the Foundation was in Washington, helping guide the bitcoin debate.
http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/


Just me 2c.

[CAMTRONNNNN]

I appreciate that in depth response. I don't necessarily agree with all of it. BTCut it is appreciated.

[QuestionAuthority]

Can you explain why *you* think impressing Washington D.C. is at the forefront of the foremost foundation in bitcoin?

Do not misconstrue my line of questioning: I appreciate the fact that transparency, compliance, and public perception are easily overlooked necessities in our movement. Especially to a bunch of cryptoanarchic punks who are solely self-sufficient, trustless, open-source etc, btc, etc. I am not one of the latter, I do find it concerning however that this is what a person of your stature in the community chooses to enunciate of all things.

I agree that getting these two new players in TBF is bold moves for bold guys/gal. I'm uncertain whether or not any direction the bitcoin foundation has captained is truly in the greater good's interest..

1BTCitsmartgui

If you are asking "me" I can only say the the major bitcoin conversation was being driven by Law Enforcement.  After the Gawker article in June 1st of 2011, http://gawker.com/the-underground-website-where-you-can-buy-any-drug-imag-30818160  bitcoin came on the public radar soley for it's ilicit use.  There was no mention of is's previous 3 years of development not the 10 years of cryptographic advancements and the emerging computer science field of distributed consensus that made the bitcoin protocol possible.

Then on June 5th of 2011 US Senator and Senate Banking Committee Member Chuck Schumer jumps on television and demands the shutdown of silkroad which uses the "anonymous" cryptocurrency bitcoin.

http://www.nbcnewyork.com/news/local/Schumer-Calls-on-Feds-to-Shut-Down-Online-Drug-Marketplace-123187958.html


Then in April of 2012 the FBI report was leaked.  http://cryptome.org/2012/05/fbi-bitcoin.pdf This probably took about 6 months to assemble so the investigation started that Fall.

It wasn't until September of 2012  that the Bitcoin Foundation was created.

Meanwhile the crypto anarachists and libertarians continued to buy drugs on silk road and allow money laundering through its unregulated use of cryptocurrency.  

Who do you think was going to win that argument?

So if it not for the efforts of the Foundation in Washington, we could have had a very different outcome at the November 2013 Senate Hearing and I guarantee you Ben Lawasky would not be calling for a Bitcoin license if interested parties were not interacting with these regulators and legislators to aid them in understanding the amazing potential benefits of the technology.

This paper was circulated to policymakers, legislator and regualtors in washington.
http://mercatus.org/sites/default/files/Brito_BitcoinPrimer_embargoed.pdf

This is a Great article about how effective the Foundation was in Washington, helping guide the bitcoin debate.
http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/21/heres-how-bitcoin-charmed-washington/


Just me 2c.

That doesn't exactly read like a libertarian success story: "But Murck also stressed that the Bitcoin community was willing to work with federal regulators to ensure that Bitcoin-based businesses complied with applicable laws. "I want to craft a sane regulatory environment," he said, urging federal regulators to "engage stakeholders. Don't have secret meetings. Have public meetings. We're all happy to live with the consequences of whatever rulemaking is open and transparent." Who is this "Bitcoin Community" he's talking about? Does he have a mouse in his pocket?

I'm not happy to "live with the consequences of whatever rulemaking is open and transparent". They are working with regulators to make Bitcoin just another watered down PayPal or Amazon Payments, fully regulated and controlled by Washington. Oh sorry, it wouldn't be exactly like PayPal or Amazon Payments, they're faster than Bitcoin, easier to understand and will work with your existing bank account. My old bank closed my account because they saw "Bitcoin activity". The last time I funded a Bitcoin exchange account or withdrew to fiat it made the second coming of Christ look speedy. TBF is going to make everything valuable about Bitcoin disappear.

[medUSA]

Whether the information TBI had is incriminating enough or not, he should stick to his word and release it. By chickening out, whatever accusations he makes in the future will not have any credibility.

[RodeoX]

Whether the information TBI had is incriminating enough or not, he should stick to his word and release it. By chickening out, whatever accusations he makes in the future will not have any credibility.

Future credibility? Let's see he released a "leaked" Gox document that turned out to be fake. Then he accused the foundation of corruption and failed to produce any evidence. Then he claimed to have a meeting with Satoshi and that never happened... What past credibility did he have?

[bananas]

Whether the information TBI had is incriminating enough or not, he should stick to his word and release it. By chickening out, whatever accusations he makes in the future will not have any credibility.

Future credibility? Let's see he released a "leaked" Gox document that turned out to be fake. Then he accused the foundation of corruption and failed to produce any evidence. Then he claimed to have a meeting with Satoshi and that never happened... What past credibility did he have?

The document itself is likely to be fake, the information is not. There is strong evidence it was created with inside information coming from the Bitcoin foundation. Mark said himselsf the document was "so so" about its truth, Foundation already knew of everything( and did not warn anyone btw ). So just the origin is fake.

[RodeoX]

Whether the information TBI had is incriminating enough or not, he should stick to his word and release it. By chickening out, whatever accusations he makes in the future will not have any credibility.

Future credibility? Let's see he released a "leaked" Gox document that turned out to be fake. Then he accused the foundation of corruption and failed to produce any evidence. Then he claimed to have a meeting with Satoshi and that never happened... What past credibility did he have?

The document itself is likely to be fake, the information is not. There is strong evidence it was created with inside information coming from the Bitcoin foundation. Mark said himselsf the document was "so so" about its truth, Foundation already knew of everything( and did not warn anyone btw ). So just the origin is fake.

What Mark said was that the info was basically a close guess. Of course it was fake, it looked like a 3rd. grader made it. You say "the foundation knew everything". Could you be more specific? Who do you mean and what did they know? I would be interested to know what you know that the rest of us do not.

[bananas]

Whether the information TBI had is incriminating enough or not, he should stick to his word and release it. By chickening out, whatever accusations he makes in the future will not have any credibility.

Future credibility? Let's see he released a "leaked" Gox document that turned out to be fake. Then he accused the foundation of corruption and failed to produce any evidence. Then he claimed to have a meeting with Satoshi and that never happened... What past credibility did he have?

The document itself is likely to be fake, the information is not. There is strong evidence it was created with inside information coming from the Bitcoin foundation. Mark said himselsf the document was "so so" about its truth, Foundation already knew of everything( and did not warn anyone btw ). So just the origin is fake.

What Mark said was that the info was basically a close guess. Of course it was fake, it looked like a 3rd. grader made it. You say "the foundation knew everything". Could you be more specific? Who do you mean and what did they know? I would be interested to know what you know that the rest of us do not.

Yes, the foundation released their statements on time with Mt. Gox going off line, so for a matter of fact they already knew. Also there is a months old video i already posted here, i have to search, where  Andreas Antonopoulos(foundation member) gives clear hints that the Mt. Gox is factually insolvent.