I do appreciate their flair, but I do feel like now that they’ve admitted they’ve done something wrong. The well connected folks who were scammed are going to try their damnedest to get the police of the world to get em. Probably a sounder strategy to keep leading them on forever and eventually go silent.
I give them about a 50/50 chance of getting away with it. There have indeed been some high profile coin scammers who got caught.
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I’m pullin’ for em, but I do think they’d have been better off just keeping putting off the ICO or, putting off dates forever.
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So yes, ban Bitcoin.
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It seems like such a well-established reality of cryptocurrency use, because it is so well published and un-refuted whenever a notable ransom is paid by a compromised organization. I remember the days when cryptocurrency was derided as solely a means to purchase illegal drugs, illegal weapons, and child porn. I would think focusing on this aspect of cryptocurrency it should be possible (even in our divided political environment) to enact laws and regulation that if not explicitly then practically removes the possibility for legitimate corporations and public entities to transact in cryptocurrency for these clearly illicit purposes.
They should just make the law such that if you possess or mine cryptocurrency, then you are therefore automatically guilty of aiding and abetting money laundering, extortion, etc.
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I send you a fraction of a BTC, you’re now a criminal I win.
You can’t send it to me if I have no wallet or anything. You have to be actively participating in the coin game to be able to touch coin.
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What happens if someone mails Scott drugs in the regular old mail?
You just make it illegal to conduct any transaction that converts cash to a cryptocurrency or a cryptocurrency to cash.
I am confident they could be defined well enough to avoid other digital assets. You could also set a minimum transaction value for the law/regulation, and it would basically end all institutional use, destroying the current investment market entirely.
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You love to see it
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Aw jeez…
It depends on if he’s doing this because he thinks NFTs are a good idea, or to grab some money from some rich dumbass.
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There is no part of this story that isn’t both huge WTF and schadenfreude.
2 brothers from South Africa, ages 20 & 17 tell their users that they have been hacked but not to tell anyone, then they “disappear” and the $3.6 billion in bitcoin is gone.
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Thread about cryptocurrencies from the co-creator of dogecoin. It’s not that long—ten tweets.
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