4 ms·
> It's in large part an escape hatch for those who are fed up with technocratic debasement of money Those fed up with technocratic debasement of money, and org
by drclau 5y ago
> It's in large part an escape hatch for those who are fed up with technocratic debasement of money
Those fed up with technocratic debasement of money, and organized crime. I just read here [0] that Bulgaria is the second largest owner of Bitcoin, after Satoshi Nakamoto, due to "a crackdown on organized crime by the Bulgarian law enforcement in May 2017 resulted in the seizure of a stash of 213,519 Bitcoins".
Same article claims FBI is number 4 owner, after "they brought down Silk Road, the infamous dark web drug bazaar, and seized 144,000 Bitcoin owned by the site’s operator Ross Ulbricht, better known as, “Dread Pirate Roberts”, in 2013.
I do not know how correct this information is, though, so take it with a grain of salt. In any case, it makes one wonder how much more cryptocurrencies are owned by organized crime.
[0]: https://usethebitcoin.com/top-10-richest-bitcoin-owners/ https://usethebitcoin.com/top-10-richest-bitcoin-owners/
- throwawayForMe2 5y agoThe FBI coins were auctioned off, Tim Draper took the first batch of 30,000 https://www.reuters.com/article/us-usa-bitcoin-idUSKBN0F719920140702 https://www.reuters.com/article/us-usa-bitcoin-idUSKBN0F7199...
- drexlspivey 5y agoMicrostrategy and the Winklevoss twins have bigger stashes than that
- malermeister 5y agoPeople that don't want technocratic control of money and people that want to use money for illegal means are two groups with a lot of overlap.