Crimson Flame
Would you like to react to this message? Create an account in a few clicks or log in to continue.

US seizes and freezes funds at Mt. Gox

5 posters

Go down

US seizes and freezes funds at Mt. Gox Empty US seizes and freezes funds at Mt. Gox

Post by Gauz Wed May 15, 2013 10:05 pm

http://www.theverge.com/2013/5/15/4332698/dwolla-payments-mtgox-halted-by-homeland-security-seizure-warrant

This isn't completely outrageous, but awfully lame. I don't think the DHS should be doing this or have much of a legitimate reason to.

They're handling peoples 'money' like it's nothing.
Gauz
Gauz
Crimson Medic

Male Number of posts : 7687
Registration date : 2009-02-11

Back to top Go down

US seizes and freezes funds at Mt. Gox Empty Re: US seizes and freezes funds at Mt. Gox

Post by Rotaretilbo Thu May 16, 2013 5:00 am

Honestly, though, BitCoin is a joke as a legit currency. It exists solely because it's very nature makes it very convenient for organizations and individuals providing illicit services that don't want to be tracked.
Rotaretilbo
Rotaretilbo
Magnificent Bastard

Male Number of posts : 4541
Age : 34
Location : Arizona
Registration date : 2008-07-21

http://cdpgames.com

Back to top Go down

US seizes and freezes funds at Mt. Gox Empty Re: US seizes and freezes funds at Mt. Gox

Post by Lord Pheonix Thu May 16, 2013 5:13 am

Money Laundering for the internet lol.
Lord Pheonix
Lord Pheonix
Lord Of The Flames

Male Number of posts : 7574
Registration date : 2008-03-23

https://crimsonflame.forumotion.com

Back to top Go down

US seizes and freezes funds at Mt. Gox Empty Re: US seizes and freezes funds at Mt. Gox

Post by KristallNacht Fri May 24, 2013 2:13 pm

Rotaretilbo wrote:Honestly, though, BitCoin is a joke as a legit currency. It exists solely because it's very nature makes it very convenient for organizations and individuals providing illicit services that don't want to be tracked.

Except, last I checked, every bitcoin transaction is publicly listed.

And what of normal citizens that just don't want to be tracked?
KristallNacht
KristallNacht
Unholy Demon Of The Flame

Male Number of posts : 5087
Location : San Diego, California
Registration date : 2008-06-24

Back to top Go down

US seizes and freezes funds at Mt. Gox Empty Re: US seizes and freezes funds at Mt. Gox

Post by Dud Doodoo Sat May 25, 2013 10:11 am

Rotaretilbo wrote:Honestly, though, BitCoin is a joke as a legit currency. It exists solely because it's very nature makes it very convenient for organizations and individuals providing illicit services that don't want to be tracked.
More like it exists on the premise that the internet should be free of governmental control, and it provides a worldwide currency for use on the internet free of government taxes or regulation. That's why the people of Cyprus made the switch, not because they're all drug dealing criminals and need to launder their money.

Considering the scope and power the government has achieved over us in information technology, a little anonymity nowadays would be nice.

To NT: There are plenty of services available for you to "wash" your bitcoins for a 1% fee.

Dud Doodoo
Minion

Male Number of posts : 1528
Age : 29
Location : Okinawa, Japan
Registration date : 2008-06-29

http://www.moddb.com/mods/broken-arrow-the-world-in-conflict-vie

Back to top Go down

US seizes and freezes funds at Mt. Gox Empty Re: US seizes and freezes funds at Mt. Gox

Post by Rotaretilbo Mon May 27, 2013 7:30 pm

And that's a point in its favor, Dud? Clearly, what we need is for the government to be more in debt, because we're bypassing taxes and tariffs. It was a neat idea, but it doesn't work as a currency. Half the people using it are using it to launder money or buy illicit services/goods, and the other half are either hoarding it because of its extremely limited nature or day trading it because the exchange rates are so incredibly unstable.
Rotaretilbo
Rotaretilbo
Magnificent Bastard

Male Number of posts : 4541
Age : 34
Location : Arizona
Registration date : 2008-07-21

http://cdpgames.com

Back to top Go down

US seizes and freezes funds at Mt. Gox Empty Re: US seizes and freezes funds at Mt. Gox

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum