Interacting with fiat institutions [such as the SEC], a guide

[MPOE-PR]

Quoth MP:

Bitcoin is a sovereign. Accepting this matter of fact is a sine qua non prerequisite for playing. No exceptions.

[1714782536]

1714782536

[1714782536]

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[1714782536]

1714782536

[runam0k]

Great, so SatoshiDICE, its shareholders, MPEx and Erik Voorhees are all under investigation by the SEC.

Look forward to seeing how long you can hold them off.

[khersonus]

This is actually quite awesome.

If MP can fend them off, it'll be a huge deal for bitcoin.

[QuestionAuthority]

Well, well Erik. I had you pegged as a profiteer, crook and a runner long ago but just didn't know who you were running from. Now I know. https://bitcointalk.org/index.php?topic=82866.msg5740237#msg5740237

Don't drop the soap sweetie.



From Reddit: SatoshiDice Announcement!

[–]CBHash -2 points 10 months ago

This is more like an "oops I didn't know what the law was" rush to save my ass response than a real effort to be compliant. Do you mean you "just" sought the advice of council after running one of the most heavily regulated business types on the planet for a year? Yeah, tell it to the judge Bugsy Siegel!

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[–]evoorhees 5 points 10 months ago

Actually I've been consulting with three lawyers since early December, but thanks for being a snarky asshole.

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[–]CBHash -2 points 10 months ago*

Yeah well you didn't open in December! So what tipped you off that you might want to consult with a legal representative? By the way most professionals get legal advise before they open an international business, not after. And calling me an asshole won't keep you safe but it might make others realize that you are nothing but a profiteer spamming the blockchain.

[jimmothy]

Quoth MP:

Bitcoin is a sovereign. Accepting this matter of fact is a sine qua non prerequisite for playing. No exceptions.

Title should be changed to cringe-worthy interaction with financial institutions.

Its about time mpex gets slammed by the SEC.

[Bitcoinpro]

Quoth MP:

Bitcoin is a sovereign. Accepting this matter of fact is a sine qua non prerequisite for playing. No exceptions.

straight out of my playbook, though my institution is in charge, maybe one day it will pass on to individuals

but that will be well after banks are gone

[cryptoanarchist]

Quoth MP:

Bitcoin is a sovereign. Accepting this matter of fact is a sine qua non prerequisite for playing. No exceptions.

Title should be changed to cringe-worthy interaction with financial institutions.

Its about time mpex gets slammed by the SEC.

Wow...what a dick thing to say. Welcome to my personal ignore-land. The SEC hardly seems to be "slamming" them. Looks more like they got told to fuck off if this was indeed the actual exchange of email.

[jimmothy]

Quoth MP:

Bitcoin is a sovereign. Accepting this matter of fact is a sine qua non prerequisite for playing. No exceptions.

Title should be changed to cringe-worthy interaction with financial institutions.

Its about time mpex gets slammed by the SEC.

Wow...what a dick thing to say. Welcome to my personal ignore-land. The SEC hardly seems to be "slamming" them. Looks more like they got told to fuck off if this was indeed the actual exchange of email.

Care to elaborate as to how many times telling the SEC to "fuck off" worked out for the people being investigated?

Fact is mpex is a highly illegal unregistered exchange selling unregistered securities.

Fact is mpex is a pyramid scheme (recruiting someone to pay 30btc registration fee earns you 10btc)

And now that there is no trading of options/futures/stocks other than mpex own stock which profits are entirely derived from recruitment of new investors makes it literally a ponzi.

[MarketNeutral]

What a fascinating exchange of emails. Seriously. I think Mircea Popescu handled it—on many levels—perfectly.

[seriouscoin]

What a fascinating exchange of emails. Seriously. I think Mircea Popescu handled it—on many levels—perfectly.

LOL i would love to take her out and ..... fck her brain off. What a bitch!
 

[MarketNeutral]

What a fascinating exchange of emails. Seriously. I think Mircea Popescu handled it—on many levels—perfectly.

LOL i would love to take her out and ..... fck her brain off. What a bitch!
 

Calm down. Maybe try 'no fap or 'vipassana meditation.'

Or google image search.

[AnonyMint]

Quoth MP:

Bitcoin is a sovereign. Accepting this matter of fact is a sine qua non prerequisite for playing. No exceptions.

Please tell me why the next G20 meeting can't address this email exchange as a serious threat to their collective authority and resolve to make necessary decrees from the EU to provide the necessary legal authority to prosecute MPOE.

Also MPOE you are taking a huge personal risk here. You better not have the slightest mistake as they might find it easier to take you down with a trumped up charge.

If all else fails, a fiery car accident.

I admire people with balls but combined with some basic common sense. It does me no good to associate with people who are so careless so as to actively seek their own destruction.

You seem to feel very indignant about this and have the sort of Paul Revere attitude of "give me liberty or give me death".

I just think there are much smarter ways of fighting than out in the open. The quality of ones weapons and strategy determines if they are the victor, not the quality of resolve alone.

The Apaches were never defeated because they didn't fight in the open:

http://www.starfishandspider.com/preview/02.html

I think you would have been much better served to have replied that you need to be legally indemnified before releasing private data. That is all you needed to say. You talk too much. Although you are articulate, you are clearly not an attorney and you should hire one immediately and STFU.

Note I was banned from tortilla's new forum cryptocrypt.org for essentially stating the prior paragraph.

Edit: essentially you are doing political grandstanding. You can't beat society at its own game. Politics is not the successful strategy.

[electerium]

vorhees never actually sold SD.

if he did, the site would still be running.


he sold it to cover his ass because he was making a boatload of USD and that he was running something that was illegal.

[MPOE-PR]

Please tell me why the next G20 meeting can't address this email exchange as a serious threat to their collective authority and resolve to make necessary decrees from the EU to provide the necessary legal authority to prosecute MPOE.

Also MPOE you are taking a huge personal risk here. You better not have the slightest mistake as they might find it easier to take you down with a trumped up charge.

If all else fails, a fiery car accident.

I admire people with balls but combined with some basic common sense. It does me no good to associate with people who are so careless so as to actively seek their own destruction.

You seem to feel very indignant about this and have the sort of Paul Revere attitude of "give me liberty or give me death".

I just think there are much smarter ways of fighting than out in the open. The quality of ones weapons and strategy determines if they are the victor, not the quality of resolve alone.

The Apaches were never defeated because they didn't fight in the open:

http://www.starfishandspider.com/preview/02.html

I think you would have been much better served to have replied that you need to be legally indemnified before releasing private data. That is all you needed to say. You talk too much. Although you are articulate, you are clearly not an attorney and you should hire one immediately and STFU.

Note I was banned from tortilla's new forum cryptocrypt.org for essentially stating the prior paragraph.

Edit: essentially you are doing political grandstanding. You can't beat society at its own game. Politics is not the successful strategy.

Dude, you're all over the place. Apaches, G20, fiery car accidents, you sound like a B movie. Which, incidentally, is why all the portentous Internet typing you do fails to matter in any sense.

Anyway, instructive contrast between the 2011 accounts and the last week accounts this thread displays.

[MarketNeutral]

Classic 'cui bono?'

The SEC ostensibly protects against this or that financial threat—and I'm sure they actually believe and mean well per their directives and directors—yet in practice their results speak for themselves, and they don't speak of virtue. I would never dismiss their good work, but to dismiss the vast majority of their work is folly. It doesn't take a 'rocket surgeon' to observe their intentions. They've well mastered the master/slave dichotomy, and it seems they're also mastering hubris.

[MPOE-PR]

MPOE-PR you are (your paradigm or modus operandi is) a dinosaur so of course you would view information about your imminent demise as noise.

I say this not as a casual observer, rather an active implementer.

MP's back yard is full of you idiots. Here:

[17:55:38] shareholder2 you don’t stand a chance against mpex
[17:55:41] shareholder3_ makes sense
[17:55:44] shareholder2 with its low overhead
[17:56:01] da2ce796 shareholder2 we will be competing in a completely differnt market to mpex
[17:56:04] shareholder2 IF it is even possible to do legally
[17:56:07] shareholder4 shareholder2: actually it’a dofferent target
[17:56:19] shareholder4 if it’s not wishful thinking
[17:56:20] da2ce796 as in, mpex will stop being our compittion.
[17:56:26] shareholder1 mpex will be classified as money launderers and terrorists

[Nagle]

The SEC is doing what it's supposed to be doing - investigating stock trading of unregistered investments.

MPEx, "The Bitcoin Securities Exchange" is the problem. It doesn't matter what the stocks are denominated in. They're still investments. People have tried to get around this before. One scheme paid off in oranges. It was still a security.

Remember GBLSE? Any questions?

[samson]

The SEC is doing what it's supposed to be doing - investigating stock trading of unregistered investments.

MPEx, "The Bitcoin Securities Exchange" is the problem. It doesn't matter what the stocks are denominated in. They're still investments. People have tried to get around this before. One scheme paid off in oranges. It was still a security.

Remember GBLSE? Any questions?

So are the 'SEC' in charge of all foreign economies now ?

[jimmothy]

The SEC is doing what it's supposed to be doing - investigating stock trading of unregistered investments.

MPEx, "The Bitcoin Securities Exchange" is the problem. It doesn't matter what the stocks are denominated in. They're still investments. People have tried to get around this before. One scheme paid off in oranges. It was still a security.

Remember GBLSE? Any questions?

So are the 'SEC' are in charge of all foreign economies now ?

Only the ones found here:

http://www.sec.gov/about/offices/oia/oia_cooparrangements.shtml

Don't forget romanian law also requires registration of all securities/exchanges.

[samson]

The SEC is doing what it's supposed to be doing - investigating stock trading of unregistered investments.

MPEx, "The Bitcoin Securities Exchange" is the problem. It doesn't matter what the stocks are denominated in. They're still investments. People have tried to get around this before. One scheme paid off in oranges. It was still a security.

Remember GBLSE? Any questions?

So are the 'SEC' are in charge of all foreign economies now ?

Only the ones found here:

http://www.sec.gov/about/offices/oia/oia_cooparrangements.shtml

Don't forget romanian law also requires registration of all securities/exchanges.

Interesting, there's a whole load of countries not on that list, one of which I live in.