Re: [SHUT DOWN] Stampbit.com - a bitcoin-based provider of USPS shipping labels
8/18/2013
I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.
I am saddened to announce that my stamps.com account has been shut down by my service provider at the behest of law enforcement. Unfortunately given the anonymous nature of this currency it is all but impossible to prevent criminals from tainting all that it touches. I would like to thank all my courageous customers who sought to make bitcoin a legitimate enterprise and wish them well in their endeavors.
How did they know you were exchanging stamps for bitcoins? I would tell them to look toward FinCen, which deems it legal.
Sounds like more to this story then exchanging packaging labels for bitcoins.
Here's a quick scenario:
Customer receives packaging from his account, pays him with BTC. His portion of the transaction has ended. However, the consumer utilizes that label in any fashion he desires - perhaps shipping something illegal. LEOs get involved, decide to go that extra mile to make sure our economy keeps thriving, and now we've got a formerly productive (to some extent? Who knows to what degree, at least trying) business out of order and someone unrelated out of sorts for essentially a removed action from the service. They would go after -his- Stamps.com account. This is just the scenario that popped into my mind when I read his closing statements. I have no idea what happened.
99.9% sure drug related or illegal stuff like trying to ship bombs, poisons, you know stupid stuff
