Feds charge Bitcoin start-up founder with money laundering

Discussion in 'The Guru's Pub' started by ibitato, Jan 28, 2014.

  1. ibitato

    ibitato Ancient Guru

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    http://www.washingtonpost.com/blogs...coin-start-up-founder-with-money-laundering/#!


    LoL
     
    Last edited: Jan 28, 2014
  2. Agonist

    Agonist Ancient Guru

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    Hope this means death of bitcoins eventually. It pisses me off. Bitcoin stuff all over ebay, craigslist, youtube. And has ruined the price of AMD cards for guys like me. I can get 2x gtx 660 2gb for the price of one damn R 9 280x or even alot of single 7970
     
  3. quaker3

    quaker3 Master Guru

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    fbi trys to scam people that usd is legal..
     
  4. Arctucas

    Arctucas Ancient Guru

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    Ever heard the old saying; "Do not steal, the Government hates the competition"?

    While I am not in any way a fan of Bitcoin, what the Fed has done to the American Dollar is, in my personal opinion, more criminal than any 'money laundering' scheme ever conceived elsewhere.
     

  5. chanw4

    chanw4 Ancient Guru

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    Not the first time they label / accuse people 'money laundering'.
     
  6. Ch0plol

    Ch0plol Member Guru

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    If you look at the actual court papers you will see that this isn't a made up charge, but a serious federal offense that he willingly committed while being aware it was illegal that will land him in PMITA prison.

    EDIT: Here's the highlights: http://buttcoin.org/bitinstant-criminal-complaint-highlights
     
  7. airbud7

    airbud7 Ancient Guru

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    Ouch...^...True stuff right there though^....Well Said Sir.
     
  8. KCjoker

    KCjoker Ancient Guru

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    Can't say it any better than that.
     
  9. Edamski

    Edamski Member Guru

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    Too true!

    I find the whole bitcoin thing fascinating to be honest. This case being one of the reasons, so many avenues available good and bad
     
  10. nvgrim

    nvgrim Member

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    LOL bitcoin could die,but crypto currency never will. Youre mad because it drove the price of AMD cards up? You do realize that GPU's are made for doing other things besides gaming right?
     

  11. Rich_Guy

    Rich_Guy Ancient Guru

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    I better not go to the Police Station then, and tell them i found a fiver in the pocket of my jeans, that i just took out of the washing machine :eek:

    :D
     
  12. logicPwn

    logicPwn Member

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    Darn, right when I started mining too. Knew I jumped on too late anyways.
     
  13. Agonist

    Agonist Ancient Guru

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    I buy gpus for gaming, so yes I can be mad about it about it ruining the very thing I use them for. GTFO out of here with assuming Im know nothing about hardware and their purpose.
     
  14. nvgrim

    nvgrim Member

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    So GPUS can only be used for gaming,and using them for anything else is wasteful? Sorry we are not using them on how you think they should be used. Plus nvidia was never really affected by mining and they are perfectly fine for gaming,so theres that.
     
  15. Pvfc-Epic

    Pvfc-Epic Maha Guru

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    he's saying AMD jumped on the bandwagon of the popularity of bitcoin mining and used this to boost the gpu prices right up

    he's right in saying gpu's should be for gaming but the truth is now they are made to do some if not more work than a cpu could dream of and they just realised if they put the hashrate on the gpu specs people will buy them just for mining so in effect building an even higher customer base than the gaming community have given them

    it does make perfect business sense to do this but yeah its annoying for the little guys like me who now simply cant afford to buy them :(
     

  16. Rich_Guy

    Rich_Guy Ancient Guru

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    Scan in the UK have started taking Bitcoins as payment, wonder how long it will take Overclockers etc... to follow.
     
  17. nvgrim

    nvgrim Member

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    AMD didnt raise the price,the retailers did.
     
  18. Calmmo

    Calmmo Ancient Guru

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    System 1 - Bitcoin dude 0 , you cant beat the system!
     

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