Every Important Person In Bitcoin Just Got Subpoenaed

[Ares]

Every Important Person In Bitcoin Just Got Subpoenaed By New York's Financial Regulator

Things are getting serious for Bitcoin this month: a federal judge declared it real money, Bloomberg gave it an experimental ticker (XBT), and New York’s financial regulator announced an interest in regulating it. Declaring Bitcoin “a virtual Wild West for narcotraffickers and other criminals,” the New York State Department of Financial Services is stepping into the sheriff’s boots.

“We believe that – for a number of reasons – putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long-term strength of the virtual currency industry,” said NYSDFS superintendent Benjamin Lawsky in a statement.

The department is starting out by subpoenaing 22 digital-currency companies and investors to get a lay of the Bitcoin land. They sent letters to the major Bitcoin players asking them to hand over information regarding their money laundering controls, consumer protection practices, source of funding, pitch books (for Bitcoin start-ups) and investment strategies (for Bitcoin investors). The recipients of the subpoenas are nationwide and include everyone on the “people making real money on Bitcoin” list, such as Bitcoin exchanges and processors, “ mining equipment” maker Butterfly Labs, and major investors, such as the Winklevosses, Marc Andreessen & Ben Horowitz, and Google’s venture fund. (Full list below.)

A subpoena doesn’t mean criminal activity has taken place. A person familiar with the matter says the two-year-old department wants to make sure Bitcoin isn’t a conduit for illicit activities and is gathering information in order to decide whether to issue regulation for virtual currencies. The department has the authority to create regulation if there is no other primary regulator. Liberty Reserve — a virtual currency recently taken down by the feds for its use in money laundering and child porn rings — is on the mind of the department as it investigates Bitcoin.

In addition to rooting out illegal activity, the department says it wants to make sure Bitcoin company customers’ funds are “safe and sound,” expressing concern about consumer complaints “about how quickly virtual currency transactions are processed.” On the same day the inquiry was announced, some Bitcoiners with Android wallets for their digital coins discovered their banks are not so sound: they are at risk of theft thanks to a flaw in a number of Android apps, reports BBC News.

The virtual currency Bitcoin has already been getting lots of attention on the federal level. The IRS has been encouraged to make sure people pay tax on it. The FBI realizes it’s useful as a currency for illicit activity. The SEC has argued that it is indeed money and that people should go to jail for using it in Ponzi schemes. And the Department of Treasury has issued guidance for Bitcoin money transmitters. State regulators paying attention will help to further legitimize the currency, but it will also increase the start-up costs for Bitcoin money transmitters. The NYSDFS notes in its statement that “virtual currency exchangers may be engaging in money transmission as defined in New York law, which is an activity that is licensed and regulated by DFS.” That means ponying up bond money, as pointed out in the Wall Street Journal:

Although a growing number of bitcoin exchanges have registered their businesses with the U.S. Treasury Department’s Financial Crimes Enforcement Network, they have moved more slowly at the state level. In part, that is because the process of getting a license in each of the 48 states that require them is complicated and lengthy. In addition, states also typically require companies to put up a bond that could run as much as several million dollars.

“We look forward to working with the virtual currency industry and other stakeholders as our inquiry proceeds, and we move to put in place appropriate regulatory guardrails to protect consumers and our national security,” said NYSDFS superintendent Benjamin Lawsky in a statement.

In addition to responding to the subpoenas, a few of the Bitcoin companies below are likely going to need to register as money transmitters in New York. And New York is not the only state paying attention to Bitcoin businesses. Earlier this summer, California sent out at least one warning letter to the Bitcoin Foundation.

That will be a hassle but it’s better than being a Bitcoin business in Thailand. According to a Bitcoin exchange based there, the country’s central bank has declared the virtual coin illegal for now.

List of companies subpoenaed by the New York State Department of Financial Services

BitInstant
BitPay
Coinabul
Coinbase Inc.
CoinLab
Coinsetter
Dwolla
eCoin Cashier
Payward, Inc.
TrustCash Holdings Inc.
ZipZap
Butterfly Labs
Andreesen Horowitz
Bitcoin Opportunity Fund
Boost VC Bitcoin Fund
Founders Fund
Google Ventures
Lightspeed Venture Partners
Tribeca Venture Partners
Tropos Funds
Union Square Ventures
Winklevoss Capital Management


http://www.forbes.com/sites/kashmirhill/2013/08/12/every-important-person-in-bitcoin-just-got-subpoenaed-by-new-yorks-financial-regulator/

[mamboni]

Hello, we're from the government and we're here to regulate you out of business.

[Ares]

Hello, we're from the government and we're here to regulate you out of business.

Fortunately, that will only work here. They know Bitcoin is a threat to their monopoly. The laws are very clear, especially Social Security, and 12 U.S.C 411. If you do not use Federal Reserve Notes, you do not owe a tax on it. How the IRS will get involved is a bit murky. My guess is that for the run up in bitcoin as an investment tool, they'll want capital gains taxes instead of income.

Just a guess on my part and understanding of current statutes.

Now for someone to profit while in China, Europe or Russia... Yeah they'll tell Washington to go get fucked. I can already see Russia setting up a Bitcoin haven for exchanges and commerce. Just to spite Washington.

[midnight rambler]

putting in place appropriate regulatory safeguards for virtual currencies will be beneficial to the long-term strength of the virtual currency industry

TRANSLATION: if we cannot exercise 100% control over it then we're gonna kill it

[Son-of-Liberty]

This entire article is propaganda.

First of all I don't think they even have jurisdiction to regulate Bitcoin. It is a global consensus based currency. People use it because they want to not because they are forced to by some corrupt government. Secondly, how are they going to enforce their regulations on businesses using Bitcoin in other countries?

They aren't trying to regulate because they want to protect consumers or prevent ponzi schemes or stop narcotics trafficking. Bitcoin is a legitimate threat to their money/power monopoly. That is the real reason for these actions. They weren't interested in Bitcoin 2 years ago because they thought it was irrelevant.

The Winklevoss twins have actually been pushing for more government regulation because they feel it will increase the value of their investment. What a pair of assholes. That is the antithesis of what BTC was supposed to be all about.

If these assclowns help the government regulate and control bitcoin many people are going to switch to one of Bitcoins competitors or do all their business with websites hosted in other countries.

[mamboni]

Fortunately, that will only work here. They know Bitcoin is a threat to their monopoly. The laws are very clear, especially Social Security, and 12 U.S.C 411. If you do not use Federal Reserve Notes, you do not owe a tax on it. How the IRS will get involved is a bit murky. My guess is that for the run up in bitcoin as an investment tool, they'll want capital gains taxes instead of income.

Just a guess on my part and understanding of current statutes.

Now for someone to profit while in China, Europe or Russia... Yeah they'll tell Washington to go get fucked. I can already see Russia setting up a Bitcoin haven for exchanges and commerce. Just to spite Washington.

The rentier class, the super rich and powerful, are sucking the very life blood out of the economy, demanding a vig on every fucking activity, like parasites or vampires. These people are far worse than the mob. There will never be economic prosperity, freedom, or real private property rights as long as these bastards are in control. The entire corrupt financial edifice in the west needs to be collapsed and cleared away, permanently.

[midnight rambler]

The rentier class, the super rich and powerful, are sucking the very life blood out of the economy, demanding a vig on every fucking activity, like parasites or vampires. These people are far worse than the mob. There will never be economic prosperity, freedom, or real private property rights as long as these bastards are in control. The entire corrupt financial edifice in the west needs to be collapsed and cleared away, permanently.

As painful as that will be, the sooner the better (deferring it will only result in still more pain).

[Ares]

The rentier class, the super rich and powerful, are sucking the very life blood out of the economy, demanding a vig on every fucking activity, like parasites or vampires. These people are far worse than the mob. There will never be economic prosperity, freedom, or real private property rights as long as these bastards are in control. The entire corrupt financial edifice in the west needs to be collapsed and cleared away, permanently.

I couldn't agree more. Which is why I mine, and invest in cryptocurrencies. For now, cryptocurrencies are outside their realm of control. I do not publish my wallet ID's and run my BTC mining wallet over Tor. So whenever I get a payment, it goes to an address in the tor network. I'm far from the only one who does that. So for that account, the wallet is truly anonymous. I haven't done anything with it, just extremely small scale mining.

I haven't gotten my litecoin miner back up and running since the move. Wife really doesn't want me too since it consumed so much power. Electric bill went up an additional 50-60 FRN's a month because of the additional consumption. That was with a single miner running 2 7950's. I can't imagine what some of these guys pull having 30-50 rigs running at once.

[EE_]

Bitcoin is the NWO's global currency dream coming true. They were always in the game...don't kid yourself.

[Son-of-Liberty]

Ares are you running your miners on Tor or just the wallet? How exactly are you doing it.

[Son-of-Liberty]

Also anyone else notice that almost every article on Forbes about bitcoin is negative? They have two staff slandering bitcoin full time.

[Son-of-Liberty]

Bitcoin is the NWO's global currency dream coming true. They were always in the game...don't kid yourself.

I really don't think you grasp how Bitcoin actually works yet. Just because it is digital doesn't automatically make it bad. They really are shitting themselves right now.

If at some point they do manage to regulate it. There are dozens of competitors that can step in to take it's place.

This is the true free market at work.

[Ares]

Ares are you running your miners on Tor or just the wallet? How exactly are you doing it.

Just the wallets. AdvOR :)
Link--> http://sourceforge.net/projects/advtor/

You can select the program by process and direct it's internet traffic over tor even if it's not designed to work through a proxy. Advor does the work.

[Son-of-Liberty]

Just the wallets. AdvOR :)
Link--> http://sourceforge.net/projects/advtor/

You can select the program by process and direct it's internet traffic over tor even if it's not designed to work through a proxy. Advor does the work.

Sweet. Thanks.

[Ares]

Sweet. Thanks.

No problem, also works with other programs. Although it's kind of sporadic with torrents. It usually ends up locking up the program. So I wouldn't advise trying to torrent over Tor to begin with. But some people do. Just giving you a heads up if you try it. lol

[EE_]

They really are shitting themselves right now.

This is the true free market at work.

The people that are shitting themselves right now have all the wealth of the world, they control the governments and their militaries, and they control the internet.
If I controlled all that, I certainly wouldn't be shitting myself.
(que the evil laugh)

https://www.youtube.com/watch?v=pVY1-v97Mic

[Neuro]

Fortunately, that will only work here. They know Bitcoin is a threat to their monopoly. The laws are very clear, especially Social Security, and 12 U.S.C 411. If you do not use Federal Reserve Notes, you do not owe a tax on it. How the IRS will get involved is a bit murky. My guess is that for the run up in bitcoin as an investment tool, they'll want capital gains taxes instead of income.

Just a guess on my part and understanding of current statutes.

Now for someone to profit while in China, Europe or Russia... Yeah they'll tell Washington to go get fucked. I can already see Russia setting up a Bitcoin haven for exchanges and commerce. Just to spite Washington.
I don't know about that US laws and regulation seems to trump Swiss law in Switzerland re banking secrecy... As the US authorities seem to think they can press charges against Swiss bankers, who work in Switzerland...

[Ares]

The people that are shitting themselves right now have all the wealth of the world, they control the governments and their militaries, and they control the internet.
If I controlled all that, I certainly wouldn't be shitting myself.
(que the evil laugh)

https://www.youtube.com/watch?v=pVY1-v97Mic

You would be if people decided that what you held was no longer wealth. What kind of power and influence would you have if people no longer regarded either?

[midnight rambler]

You would be if people decided that what you held was no longer wealth. What kind of power and influence would you have if people no longer regarded either?

Exactly.

Excise the Death Cult out of your life like you would excise a tumor or a parasite. It may be inconvenient or painful at first, but it's the only way. Then ignore them. It gets easier with time.

[Neuro]

You would be if people decided that what you held was no longer wealth. What kind of power and influence would you have if people no longer regarded either?
True that! Not even individual nations sovereignty isn't respected in this, not to mention individual rights. It really is war on the people...

[EE_]

You would be if people decided that what you held was no longer wealth. What kind of power and influence would you have if people no longer regarded either?

You are giving common people a lot of credit.
If that fantasy ever came to be, I'd pay my soldiers in gold to wipe populations from the earth.
(que the evil Jewish laugh again)

[Ares]

Exactly.

Excise the Death Cult out of your life like you would excise a tumor or a parasite. It may be inconvenient or painful at first, but it's the only way. Then ignore them. It gets easier with time.

Which is why they fear cryptocurrencies as they really do have the potential to dethroning them. There is no central issuing authority. Miners after the cyrptocurrency has been mined to full potential still get paid for just running the equipment for keeping the ledger up to date. Just network fee's though. This does have the potential to spreading globally. It requires no nation to regulate, and right now their only ability is to regulate the action of exchanges for people who "cash out" of bitcoins.
If the economy were to turn even 60-70% BTC / LTC you would completely gut government as their revenue stream would dry up to virtually nothing.

Do I think it will happen?? I don't know, but the potential is certainly there. The more they clamp down, regulate, and oppose Bitcoin, and or Litecoin the more people will use said currencies to ignore them. You put your wallet over the Tor network, and now you can't even be traced. You've completely bypassed them all together.

I've read from developers that if push comes to shove that they'll develop the wallets to natively connect over Tor to hide that you even use bitcoins. You've just bypassed the complete apparatus of the state to track down and receive revenue. This doesn't even include meeting someone for a coffee and "cashing out" bitcoins to someone from an on-line bitcoin community who wants bitcoins when you want to sell.

[Son-of-Liberty]

The people that are shitting themselves right now have all the wealth of the world, they control the governments and their militaries, and they control the internet.
If I controlled all that, I certainly wouldn't be shitting myself.
(que the evil laugh)

https://www.youtube.com/watch?v=pVY1-v97Mic

The internet was supposed to give them more control, they were going to spy on everyone with it and they have but look at how badly it has backfired on them.

A very large portion of the worlds population is now awake to the truth because of the internet.

Bitcoin is the solution to how to compete with their digital money. Most FRN's are already digital. Gold and silver and cash is great but it has limitations.

I can't send PM's to the other side of the world instantly. With BTC I can and even if they know I have done it (they won't know if you are smart) they can't stop the transaction because they they don't have back end control like they do with the banks.

Plus like I said they don't even have jurisdiction to regulate BTC. The only reason they are able to regulate these companies is because they are dealing in FRN's too. They are getting jurisdiction on the FRN side.

They are far from omnipotent. They just want you to think they are.

[Ares]

You are giving common people a lot of credit.
If that fantasy ever came to be, I'd pay my soldiers in gold to wipe populations from the earth.
(que the evil Jewish laugh again)

I am because Bitcoin is spreading beyond the techno geeks. If it just stayed contained within the cyberpunk community then I wouldn't be as optimistic. But with heavy development and investment to bring it out into the mainstream for the population, then you're seeing a currency revolution. The likes of which humanity has never seen before.

Why do you think banks are cutting off access to exchanges, and dealers of bitcoins? Hell even paypal prohibits it's users from purchasing mining equipment. You think they are trying to cut the head off a snake they do not fear? I sure as hell don't. They fear it for the same reason I stated above. It has the potential to render their wealth and power completely meaningless. Add in 3-D printing and you're witnessing a revolution in self sufficiency without the need of government, corporations, or financiers.

[Hitch]

The first warning.

Poof, and it's gone.

52165217

[EE_]

I am because Bitcoin is spreading beyond the techno geeks. If it just stayed contained within the cyberpunk community then I wouldn't be as optimistic. But with heavy development and investment to bring it out into the mainstream for the population, then you're seeing a currency revolution. The likes of which humanity has never seen before.

Why do you think banks are cutting off access to exchanges, and dealers of bitcoins? Hell even paypal prohibits it's users from purchasing mining equipment. You think they are trying to cut the head off a snake they do not fear? I sure as hell don't. They fear it for the same reason I stated above. It has the potential to render their wealth and power completely meaningless. Add in 3-D printing and you're witnessing a revolution is self sufficiency without the need of government, corporations, or financiers.

If we all manage to stay alive long enough, I'm pretty sure we are going to see it all play out.
In the mean time, make your money on this latest greatest gamble...just know when to fold them.
I still believe it was planned lang ago to have a global digital currency...and bitcoin fits the bill nicely.


then you're seeing a currency revolution. The likes of which humanity has never seen before.
Wait until you see a revolution quashed the likes of which humanity has seen, well, many times before.

[Ares]

The first warning.

Poof, and it's gone.

52165217

Very real and troublesome risk. Which also applies to gold and silver. The only thing you'll ever get security of not having it gone is with FRN's. Only because they are worthless and printed from thin air.

Bank robber steals bitcoins it can at least be tracked through the ledger. Now if he's smart and using Tor you won't have much luck in actually capturing the individual(s). If I go in, break into your home and steal your gold. IF you have it insured you'll get the current spot price in dollars returned to you. What if you purchased it when it was 2k an ounce? Well you're shit out of luck. I can sell it on the black market, melt it down, or sell it to anyone I wish for hell even generous under spot because hey I didn't pay for it. How are you going to get it back?

You won't. The only time you ever get your "wealth" returned if it's handled in fantasy land its an illusion *poof here's your money back*.

[Ares]

If we all manage to stay alive long enough, I'm pretty sure we are going to see it all play out.
In the mean time, make your money on this latest greatest gamble...just know when to fold them.
I still believe it was planned lang ago to have a global digital currency...and bitcoin fits the bill nicely.

I have no misgivings that the establishment will do whatever it can to take control and power over this technology. They are trying now without even understanding it which is why they will ultimately fail. If they outlaw it like Thailand's central bank has done, then it will just get concentrated in the black market.

[EE_]

I have no misgivings that the establishment will do whatever it can to take control and power over this technology. They are trying now without even understanding it which is why they will ultimately fail. If they outlaw it like Thailand's central bank has done, then it will just get concentrated in the black market.

You should be glad there's a debate taking both sides. If everyone was on the same side of this "sure thing", you'd know your fucked and real soon.

Oh, and you're not dealing with the "establishment" here...these are the global elite. People that value no life...only money and power.

[Ares]

You should be glad there's a debate taking both sides. If everyone was on the same side of this "sure thing", you'd know your fucked and real soon.

Agreed gives everyone involved to see both perspectives.

Back on the same point, what ever happened to the guy who had all the sea shells and tally sticks? Did he still have wealth, power and influence after people started using these heavy and cumbersome metals called gold and silver? :)

[Son-of-Liberty]

I still believe it was planned lang ago to have a global digital currency...and bitcoin fits the bill nicely.


They don't need BTC to have a digital currency. FRN's are already 97%+ digital. All they need to do is phase cash out.

With BTC, even if they see the transactions being made they are powerless to stop them. There is no central hub the transactions are routed through where they can gain control like with the current banking system. It is peer to peer and powered by an ever growing network. Even if they know your address (account) which they won't if you are smart they are powerless to stop your transactions. They can't steal your money without your passphrase. It is actually more secure then physical gold in some ways.

Compare that to regular bank account where they know who owns it and can freeze/steal funds at will.

Far from fitting the bill nicely.

That is why I said I didn't think you understood how it actually works.

I didn't understand it until I actually got my own wallet encrypted it and started making transactions. Then I started to understand the value.

[EE_]

Agreed gives everyone involved to see both perspectives.

Back on the same point, what ever happened to the guy who had all the sea shells and tally sticks? Did he still have wealth, power and influence after people started using these heavy and cumbersome metals called gold and silver? :)

Here's a new avatar for you to replace the cumbersome fiat avatar
http://cdn0.dailydot.com/uploaded/images/original/2013/3/29/bitcoin-bounce.gif

[Son-of-Liberty]

And personally I don't have much in the way of BTC. I have been speculating in some of the other crypto currencies hoping to make a big score.

[Ares]

And personally I don't have much in the way of BTC. I have been speculating in some of the other crypto currencies hoping to make a big score.

Same here, I don't have much of either. Have an old video card still cranking away on BTC but get less and less each day as I still await my 60GH miner. Which if it goes another month without delivery I'm going to sell my order as I don't think I'll recoup my cost. As for LTC's I want to get the rig back up and running. Just have to convince the wife that it's worth the additional cost for the electric bill. lol

[EE_]

They don't need BTC to have a digital currency. FRN's are already 97%+ digital. All they need to do is phase cash out.

With BTC, even if they see the transactions being made they are powerless to stop them. There is no central hub the transactions are routed through where they can gain control like with the current banking system. It is peer to peer and powered by an ever growing network. Even if they know your address (account) which they won't if you are smart they are powerless to stop your transactions. They can't steal your money without your passphrase.

Compare that to regular bank account where they know who owns it and can freeze/steal funds at will.

Far from fitting the bill nicely.

That is why I said I didn't think you understood how it actually works.

I didn't understand it until I actually got my own wallet encrypted it and started making transactions. Then I started to understand the value.

It's not that i don't understand it, it's because I believe they employ the best minds in the world and possibly beyond this world...and the power they need to enforce any rule.
i believe in the not to distant future, they won't need a regular bank account where they know who owns it and can freeze/steal funds at will. It will be much easier to do that.

[mamboni]

Time is on the side of truth and fairness. The internet has changed everything and screwed up the best laid plans of the money masters. Everyday, the internet wakes up another sheeple; and it's a one way conversion as once you awaken you cannot be put back to sleep. I saw a headline on Drudge where not a single person showed for a global warming rally, not one. People are waking up. Never underestimate the power of the Internet to catalyze a massive popular revolt against the unjust and corrupt ruling class. I can still remember that fateful day in 2004 when I first laid eyes on GIM and saw the thread title "911 was an inside job." I was absolutely floored by the realization that there were others who believed what I had only suspected and filed away in my mind figuring I was either wrong or no one else thought the same way. That is the power of the Internet, where an idea or a notion can suddenly hit critical mass when a few separate individuals suddenly connect and discover their common zeitgeist, one based on the real world and common sense, not MSM propaganda. Bitcoin is more than a digital currency - it is a revolutionary concept, an idea whose time has come. And TPTB are terrifed because they might kill bitcoin but they cannot stop the idea of a digital currency free of their grubby greedy fingers.

[Son-of-Liberty]

It's not that i don't understand it, it's because I believe they employ the best minds in the world and possibly beyond this world...and the power they need to enforce any rule.
i believe in the not to distant future, they won't need a regular bank account where they know who owns it and can freeze/steal funds at will. It will be much easier to do that.

OK that's fine guess we can disagree. But in my mind it still makes sense to diversify.

BTC has potential weaknesses that PM's don't but it goes both ways. If the money masters are so powerful what's to stop them from sending goons to your house to steal your stash of PM's? You are posting on a gold-silver forum.

I think we need multiple layers of protection. Cash, PM's, land with food production, BTC (fits the digital cash area without giving the bankers control). There really is no telling how everything is going to play out. We need to be nimble.

[collector]

Maybe that's why this was created and authorized
5218

[Son-of-Liberty]

Maybe that's why this was created and authorized
5218

Even then there is a good chance your funds would still be there. Might have to go to another country to get to them but they are maintained by the network. Only way it would work is if they turned off the internet globally.

[Horn]

This entire article is propaganda.

First of all I don't think they even have jurisdiction to regulate Bitcoin.

Tell that to the Liberty Reserve guy,

they snatched the carpet out from under him quicker than you can say Snowden leaves for Ecuador.

[Horn]

It's not that i don't understand it, it's because I believe they employ the best minds in the world and possibly beyond this world...and the power they need to enforce any rule.
i believe in the not to distant future, they won't need a regular bank account where they know who owns it and can freeze/steal funds at will. It will be much easier to do that.

Create problem and also have the regulated solution.

[Blink]

Time is on the side of truth and fairness. The internet has changed everything and screwed up the best laid plans of the money masters. Everyday, the internet wakes up another sheeple; and it's a one way conversion as once you awaken you cannot be put back to sleep. I saw a headline on Drudge where not a single person showed for a global warming rally, not one. People are waking up. Never underestimate the power of the Internet to catalyze a massive popular revolt against the unjust and corrupt ruling class. I can still remember that fateful day in 2004 when I first laid eyes on GIM and saw the thread title "911 was an inside job." I was absolutely floored by the realization that there were others who believed what I had only suspected and filed away in my mind figuring I was either wrong or no one else thought the same way. That is the power of the Internet, where an idea or a notion can suddenly hit critical mass when a few separate individuals suddenly connect and discover their common zeitgeist, one based on the real world and common sense, not MSM propaganda. Bitcoin is more than a digital currency - it is a revolutionary concept, an idea whose time has come. And TPTB are terrifed because they might kill bitcoin but they cannot stop the idea of a digital currency free of their grubby greedy fingers.


I'm a little late to this debate, though I have to agree with EE on this one. Something to think about. We know that this whole circus has been in place for decades and decades, orchestrated at every level from the world wars to the numerous FF events. Everything "they" do is for a reason. So, when they created the internet, do any of you think that they hadn't figured out the ramifications of free flowing world wide information. They have think tanks we can't even imagine studying sh*t we don't even think of. In that regard, does anyone think that this whole "enlightening" of the public is a well choreographed script with intended results, say like, public distrust and restlessness to provoke a reaction one way or another. Thats just one example. Whenever people are desperate for a solution and feel powerless, they are more inclined to jump on a bandwagon that in reality, really might be just another wolf in sheep's clothing. They've vaccinated/fluoridated/spray us/feed us frankenfoods/poison the land/air/water/lie at every chance and they seem to continue to get away with it. I don't think we have enough time to wake enough people up at this rate. And if you think TPTB are terrified (and say they are and your right), wouldn't that be an incentive to bump up the schedule for global domination or genocide of the world's useless eaters? Personally, I'm not in this game nor do I care to live in the "cloud" (thats me though). I would caution anyone to at least not go "all in" on a whimsical hope that BTC is the answer to our problems........

[Ares]

I'm a little late to this debate, though I have to agree with EE on this one. Something to think about. We know that this whole circus has been in place for decades and decades, orchestrated at every level from the world wars to the numerous FF events. Everything "they" do is for a reason. So, when they created the internet, do any of you think that they hadn't figured out the ramifications of free flowing world wide information. They have think tanks we can't even imagine studying sh*t we don't even think of. In that regard, does anyone think that this whole "enlightening" of the public is a well choreographed script with intended results, say like, public distrust and restlessness to provoke a reaction one way or another. Thats just one example. Whenever people are desperate for a solution and feel powerless, they are more inclined to jump on a bandwagon that in reality, really might be just another wolf in sheep's clothing. They've vaccinated/fluoridated/spray us/feed us frankenfoods/poison the land/air/water/lie at every chance and they seem to continue to get away with it. I don't think we have enough time to wake enough people up at this rate. And if you think TPTB are terrified (and say they are and your right), wouldn't that be an incentive to bump up the schedule for global domination or genocide of the world's useless eaters? Personally, I'm not in this game nor do I care to live in the "cloud" (thats me though). I would caution anyone to at least not go "all in" on a whimsical hope that BTC is the answer to our problems........

They are human beings, they are NOT omnipotent, they are NOT Omnipresent, and they are NOT infallible. You place way too much power in the hands of men. To be human is to be flawed and imperfect.

The internet was a tool they thought they could control. They are realizing that they can't. They thought that they could just shut off the internet by using the root DNS servers. Not foretelling that 3rd party DNS servers would carry the load, or that people would run their own DNS servers.

The actions they are taking, here and globally are not actions taken by people who are secure in their power. These are actions taken by desperation to maintain power.

[Jewboo]

The only reason they are able to regulate these companies is because they are dealing in FRN's too. They are getting jurisdiction on the FRN side.




https://lh3.ggpht.com/_XShoX_Xug-g/THSbd6P2LGI/AAAAAAAAA7Q/I5w6TZCMRCQ/s400/dolar.jpg



Exactly. Anytime a Bitcoin is exchanged for a Federal Reserve Note jurisdiction is established. I agree with EE in this thread. THIS (http://revolutionaryfrontlines.files.wordpress.com/2010/11/us-fbi-raid1.jpg) is what will soon happen to all the "exchanges" on American soil. Who actually thinks the NSA can't snoop on their TOR traffic and can't find the physical location of these exchanges?

:)

[Jewboo]

Every Important Person In Bitcoin Just Got Subpoenaed By New York's Financial Regulator...



Gosh...I thought Bitcoins were supposed to be untraceable and anonymous.

:)

[Shami-Amourae]

I only do business on non-American exchanges now, like BTC-e, which is Russian. Your wealth is unsafe as long as it on American soil/jurisdiction. This goes way beyond Bitcoin.

[madfranks]

Who actually thinks the NSA can't snoop on their TOR traffic and can't find the physical location of these exchanges?

:)

Actually it's great comedy to hear these "all powerful" legislators and beaurocrats demand that these sites get shut down; their faces when told that they can't figure out where they're hosted is priceless. They think they are all powerful, in control, but they are filthy mortals just like the rest of us.

[Jewboo]

You would be if people decided that what you held was no longer wealth. What kind of power and influence would you have if people no longer regarded either?




http://blogimg.goo.ne.jp/user_image/1f/4f/9aef04917d694c8a0f03f1ae90dcbd57.jpg


Let's ask those Occupy Wall Street folks.

:D oh wait...they all went home when the weather turned cold

[Jewboo]

People are waking up. Never underestimate the power of the Internet to catalyze a massive popular revolt against the unjust and corrupt ruling class.



http://forum-img.pinside.com/pinball/forum/?bb_attachments=870112&bbat=99975&inline


Yeah...millions and millions of angry Americans turned off Dancing With The Stars, got off their sofa, and rescued Bradley Manning and Edward Snowden.

:)

[Horn]

The internet has been compromised by itself,

you can't reach too many people at once with a single message or you get trapped in a SPAM filter somewhere.

Programmers everywhere are united in making it more difficult to impossible for any one person retain & maintain his contacts and information easily and securely. It keeps them in business.