Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
There are those who claim Bitcoin was created by the NSA as the ultimate honeypot. The reasoning goes something like this:
1. Bitcoin attracts the criminal element <==prima facie, empirically substantiated, currently held axiomatic.
2. Those attracted to Bitcoin are criminals <==somewhat of a logical leap, but again, shown to be true in 99% of the cases. Remaining 1% are weirdos who like losing money, so who cares.
4. Bitcoin is instrumental in fighting crime by impoverishing those who hold it. <==not life-affirming, handicapping the criminal contingent.
5. What's more, criminals pay for their own demise (arrest->confiscate BTC->sell BTC (to criminals, who else)->rinse->repeat). <==PROFIT!
Bitcoin is best crime-fighting tool ever, Q.E.D.
1. Bitcoin attracts the criminal element <==prima facie, empirically substantiated, currently held axiomatic.
2. Those attracted to Bitcoin are criminals <==somewhat of a logical leap, but again, shown to be true in 99% of the cases. Remaining 1% are weirdos who like losing money, so who cares.
4. Bitcoin is instrumental in fighting crime by impoverishing those who hold it. <==not life-affirming, handicapping the criminal contingent.
5. What's more, criminals pay for their own demise (arrest->confiscate BTC->sell BTC (to criminals, who else)->rinse->repeat). <==PROFIT!
Bitcoin is best crime-fighting tool ever, Q.E.D.
No joke. A year ago, at the NY hearings, the FBI testified that they were not worried about bitcoin, so I read. To this day, I have not read of anyone from US law enforcement calling for it to be banned. Not even after the ransomware attacks against government offices.
Objectively, catching Ross Ulbricht must have been much easier than catching a traditional drug dealer, since much of the investigation could have been done remotely, by agents sitting at their desks, with hot coffee and donuts at hand...
have you red the whole story regarding Ross and his two buddies Bridges and Force?
http://www.forbes.com/sites/sarahjeong/2015/03/31/force-and-bridges/
It was obviously set up from the beginning.
Silk Road Sealed Document Dump Day (Full Text):
http://qntra.net/2015/04/silk-road-sealed-document-dump-day-full-text/
