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Heh... He has some comments on "Feds reveal the search warrant used to seize Mt. Gox account " in 2013: As the anarchists and idealists on HN will soon learn,
by spyder 5y ago
Heh... He has some comments on "Feds reveal the search warrant used to seize Mt. Gox account " in 2013:
As the anarchists and idealists on HN will soon learn, the decentralized nature of Bitcoin won't make a difference if anyone transmitting it is in violation of federal law.
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This was inevitable. People can wax rhapsodic about the decentralized nature of Bitcoin, but once the feds freeze a few million dollars of a major exchange's assets, as they have done with every single anonymous digital currency since the beginning of time (e-gold,1mdc,Liberty Dollar) and launch a criminal investigation, the currency will be severely destabilized.
Within the next year I expect to see a cottage industry emerge where the true believers cash out frozen bitcoin accounts for pennies on the dollar.
and a few other:
https://news.ycombinator.com/threads?id=il&next=5714990 https://news.ycombinator.com/threads?id=il&next=5714990
- oraphalous 5y ago>As the anarchists and idealists on HN will soon learn I don't know to whom this actually refers. I don't remember anything about enabling money laundering in Satoshi's white paper.
- GauntletWizard 5y agoMotte, meet bailey.