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Anybody please provide a summary? After a long day of work I just can't finish this long post. Yes I know the main conclusion is bitcoin is gonna die. Please fi

• deleted 14y ago
  [deleted]
• elux 14y ago
  Summary: 1: A DOJ indictment is unsealed which names everyone [involved in] BTC/USD exchange, as a criminal defendant. 2: The BTC/USD price falls to 0 and remains there. BTC are permanently worthless.
  • fennecfoxen 14y ago
    More specifically, the charges behind (1) are predicted to be on money-laundering.
  • zby 14y ago
    The crux seems to be: "the defendants knew that BTC were used for organized criminal activity. Therefore, they knew they were transferring money for criminals." He also claims that: 'Government control (excuse me, "public oversight") of all major monetary transactions is one of the basic attributes of sovereignty in the modern world.' - this also sounds dubious - the money laundering laws are not that old and I don't believe they became 'basic' in that short time span - also a government controlling all transactions is a very totalitarian design.
  • deleted 14y ago
    [deleted]
• walls 14y ago
  I think you're looking for this -> http://reddit.com/ http://reddit.com/
• mikemarotti 14y ago
  How HackerNews Dies.