Quote from: Herodes on May 15, 2013, 05:24:22 AM

http://pandodaily.com/2013/05/14/dept-of-homeland-security-freezes-accounts-between-dwolla-and-bitcoin-exchange-mt-gox/

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The plaintiff, which is backed by Tim Draper, Geoff Entress, Peter Vessenes, and others, claims that Mt. Gox breached this agreement by dealing with North American customers directly and failing to share data as stipulated under this agreement.

Same Tim Draper aka Timothy C. Draper (?):

http://www.solidarity-us.org/site/node/1531

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California's Proposition 38 was a particularly nasty piece of legislation sponsored by Silicon Valley venture capitalist Tim Draper. Draper, a loose cannon Republican with his eyes on the governorship, spent $23 million of his own money on the effort, which if successful would have gutted the public system, drawing funding away from neighborhood schools and expanding the trend toward a two-tier education system that favors rich families over poor.

Not sure about the rest of you, but if it's the same person involved in both these cases (Tim Draper), I would be very surprised if he has any other goal at all than enrichment for his own company and person. I haven't dug deep into it, but from the looks of it, the attempt at making that legislation doesn't go well with wanting the best for 'the community at large', so personally if I knew that, i wouldn't take his money at all. As the saying goes, adults seldom change their ways..

Edit: Why did I put this here? Given the above has merit, it seems like Vessenes has done little research into his partners before accepting to take their money. It seems very strange to claim.

Vessenes writes:

http://coinlab.com/status (Click on the May 2nd update)

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Bitcoiners have, on average, lost more money due to technology difficulties, frozen / lost banking relationships and shady characters like pirateat40 than due to any part of Bitcoin's fundamental economics. I hate this fact, passionately. I have a vision in which high quality service and technology and ethics can be delivered to you, me, my kids, everyone who has a stake in Bitcoin.

He mentions his kids here, yet he takes on cooperation with a man seeking to make education much harder to get for kids from poor families. Given these facts are correct, Vessenes is either malicious, incompetent or very naive, I don't know which it would be, perhaps a combination ?

Indeed it is the same Timothy C. Draper.

From Forbes:

"In the first official venture capital raise for a direct investment in bitcoin, CoinLab secured $500,000 today from seed stage Silicon Valley firm Draper Associates and others, including Seattle angel investor Geoff Entress, former assistant treasurer at Microsoft Jack Jolley, and familiar bitcoin investor Roger Ver.

Draper Associates also known as Draper Fisher Jurvetson.

http://www.drapervc.com/team/ (see tab header "Draper Associates")

http://ballotpedia.org/wiki/index.php/Timothy_C._Draper

The microsoft connection is also interesting as (from wikipedia) "Draper invested in and contributed to the development of", among other things Hotmail.