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Author Topic: Megadumb  (Read 1225 times)
Otoh
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January 21, 2012, 11:52:54 AM
 #1

Megaupload's loads of $M seized & assets frozen but not one Bitcoin was, I wonder if any of them had any - probably not as they didn't bother to protect so much that's already been easily traced & locked down

http://technolog.msnbc.msn.com/_news/2012/01/20/10199528-megaupload-founders-homes-raided-5m-in-luxury-cars-seized

http://online.wsj.com/article/SB10001424052970204301404577174362457114578.html?mod=googlenews_wsj



"So if we post this image, are we too in breach of copyright?"

edited to add the above image, also

re comment below about seized cars not being protected by buying them in BTC from Mr stating the bleeding obvious, that just happened to be part of the title of the link & sorry if you confused that with what I actually said, my OP is about seizing of $M cash & investment instruments & another $39M or so (too tired to check) being frozen in Hong Kong

re cars being seized, they've been charged with a/multiple criminal offences so I assume the authorities regard this bling/booty as the potential proceeds of crime/s (which includes what one may spend one's alleged ill gotten gains upon) & hence will be subject to forfeiture / restitution to said victims of their doings if they're found guilty of said crimes so get impounded until proven otherwise - normal practice I would have thought just about everywhere in the uncivilised world

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January 21, 2012, 11:57:59 AM
 #2

Megaupload's loads of $M sized & assets frozen but not one Bitcoin was, I wonder if any of them had any - probably not as they didn't bother to protect so much that's already been easily traced & locked down

http://technolog.msnbc.msn.com/_news/2012/01/20/10199528-megaupload-founders-homes-raided-5m-in-luxury-cars-seized

http://online.wsj.com/article/SB10001424052970204301404577174362457114578.html?mod=googlenews_wsj

that might help with protecting cash, but if they're seizing luxury cars, it makes no difference whatsoever whether those cars were bought with fiat or bitcoin... they still get seized.

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January 21, 2012, 12:00:22 PM
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megadumb is apropriate
Since their business was essentially based on piracy, you would have though they would have protected their assets better
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January 21, 2012, 12:21:48 PM
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megadumb is apropriate
Since their business was essentially based on piracy, you would have though they would have protected their assets better

maybe they did... maybe what got seized was only 10% of their true assets.
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January 21, 2012, 02:54:17 PM
 #5

Why would they seize cars? The cars have nothing to do with internet piracy, and holding them as "evidence" of profits would be circumstantial at best.

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January 21, 2012, 03:44:19 PM
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Why would they seize cars? The cars have nothing to do with internet piracy, and holding them as "evidence" of profits would be circumstantial at best.

It is the United States government.  They can arrest anyone in the world (or assassinate them) for "national security reasons".  If a police pulls over a driver with a lot of money in the car, the police can seize that money and force you to prove where you got it before you can get it back.  The United States government only wants Americans to do 2 things, hyper-consume and pay taxes.  The Federal Reserve Note is only backed by the taxpayers of the United States and the United States government will go anywhere in the world to seize any assets they can.

Introducing constraints to the economy only serves to limit what can be economical.
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January 21, 2012, 03:53:58 PM
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Why would they seize cars? The cars have nothing to do with internet piracy, and holding them as "evidence" of profits would be circumstantial at best.

It is the United States government.  They can arrest anyone in the world (or assassinate them) for "national security reasons".  If a police pulls over a driver with a lot of money in the car, the police can seize that money and force you to prove where you got it before you can get it back.  The United States government only wants Americans to do 2 things, hyper-consume and pay taxes.  The Federal Reserve Note is only backed by the taxpayers of the United States and the United States government will go anywhere in the world to seize any assets they can.

http://www.therightscoop.com/unreal-tennessee-cops-can-seize-wads-of-your-cash-solely-on-suspicion/

That is fucking insane.  I had no idea they could do that.  Bitcoin anyone?
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January 21, 2012, 04:46:19 PM
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It is the United States government.  They can arrest anyone in the world (or assassinate them) for "national security reasons".  If a police pulls over a driver with a lot of money in the car, the police can seize that money and force you to prove where you got it before you can get it back.  The United States government only wants Americans to do 2 things, hyper-consume and pay taxes.  The Federal Reserve Note is only backed by the taxpayers of the United States and the United States government will go anywhere in the world to seize any assets they can.

easy there tex

they got space for you in Guantanamo

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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January 21, 2012, 07:19:30 PM
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It is the United States government.  They can arrest anyone in the world (or assassinate them) for "national security reasons".  If a police pulls over a driver with a lot of money in the car, the police can seize that money and force you to prove where you got it before you can get it back.  The United States government only wants Americans to do 2 things, hyper-consume and pay taxes.  The Federal Reserve Note is only backed by the taxpayers of the United States and the United States government will go anywhere in the world to seize any assets they can.

easy there tex

they got space for you in Guantanamo

An orange jumpsuit with our name on it...
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January 21, 2012, 07:22:58 PM
 #10

Why would they seize cars? The cars have nothing to do with internet piracy, and holding them as "evidence" of profits would be circumstantial at best.

It is the United States government.  They can arrest anyone in the world (or assassinate them) for "national security reasons".  If a police pulls over a driver with a lot of money in the car, the police can seize that money and force you to prove where you got it before you can get it back.  The United States government only wants Americans to do 2 things, hyper-consume and pay taxes.  The Federal Reserve Note is only backed by the taxpayers of the United States and the United States government will go anywhere in the world to seize any assets they can.

The author knows the score.  Its too bad "typical white people" go along with this and in many cases rush headlong into a career to be a part of this evil machine.

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