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"A DOJ indictment is unsealed which names everyone on Planet Three…" Since when the US government has jurisdiction in other countries ? "The evidence: the def
by jobigoud 14y ago
"A DOJ indictment is unsealed which names everyone on Planet Three…"
Since when the US government has jurisdiction in other countries ?
"The evidence: the defendants knew that BTC were used for organized criminal activity."
What ? Aren't dollars used for criminal activities too ? Shouldn't we close all banks then ?
- gst 14y agoI just wanted to post a similar comment. Yes - the US might outlaw Bitcoin in its own jurisdiction. But there's a considerable amount of trade going on in other jurisdictions (see http://bitcoincharts.com/charts/volumepie/ http://bitcoincharts.com/charts/volumepie/). If Bitcoin is outlawed in the US there will be a price drop, but the remainder of the world will continue trading the same way as before. And even in the US the market won't be fully killed. Already nowadays people violate lots of laws to be able to gamble in offshore casinos. In the future the same people possibly will find an (illegal) way to sell and buy Bitcoins, and use Bitcoin casinos instead (http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-casinos-release-2012-earnings/ http://www.forbes.com/sites/jonmatonis/2013/01/22/bitcoin-ca...). I don't want to judge if Bitcoin and everything related is a good thing or not. But I think the chances of killing it are about the same as the chances of killing P2P software.
- mylittlepony 14y agoHe's not saying what we should do. He's saying what he thinks will happen. And to me it doesn't sound crazy at all, it sounds like the kinds of things that have been happening in the last years.