Post
Topic
Board Bitcoin Discussion
Re: Is there a leagal investigation into mybitcoin?
by
tvbcof
on 05/08/2011, 01:11:19 UTC
Has anyone contacted law enforcement about mybitcoin?

...


I personally hope not (but obviously am already to late.)  Here's why:

If law enforcement has to get involved with such scams, it will cost money.  That will create a lamentably legitimate argument that the government should be involved with implementation, regulation, transfer, etc, of Bitcoin.  I would have to buy that argument because it is patently unfair to ask anyone to clean up a pile of shit without any ability to regulate it in the first place or stop it from happening again.  Even the government(s).

I am sensitive to the argument that to some extent this is a general cyber crime, but Bitcoin is different in my mind.  When a kid goes to the emergency room with a hand full of bones and no fingers from trying to make a pipe bomb or playing with an M-80, I feel bad for him of course, but still believe that he (or his parents) should pay the doctor bills.  And Bitcoin is a gigantic pipe bomb imho.

Would I feel this way if I lost 100 BTC?  I'm sure I would.  25,000 BTC?  I honestly dunno.  It sucks all around, but my personal feeling is that people should just suck it up and/or participate in efforts to make the specific or general problem less painful going forward.

As always, I can certainly understand if people disagree.  And I would feel quite differently if the organization in question (mybitcoin.com) had obtained a business licence and played ball like some of the exchanges seem to be trying to do.