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Showing 3 of 3 results by GeneralDukeNukem
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Board Legal
Re: The Infamous MTGox Coins
by
GeneralDukeNukem
on 16/03/2014, 20:10:40 UTC
This address has 0.001BTC in it. lol
What's this address supposed to represent?

The funds I will use "To Take Over The Wolrd bwahahaha"... Obviously lol
Na it's just one of my wallets. if you have a wallet with every transaction ever, it invites taxation through recordation don't you think? Plus I don't have much money dude lol (I assure you it's at least more than 0.001BTC)
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Topic
Board Legal
Re: Entrapment and Bitcoin
by
GeneralDukeNukem
on 16/03/2014, 20:03:52 UTC
So, I think first it's important to get out what entrapment is.  Entrapment is an affirmative defense available in most US jurisdictions that allows a defendant to argue they had no predisposition to commit an illegal act prior to the government's involvement actions towards them.  In order to get it, you have to demonstrate that an agent of the government convinced you to do something you wouldn't otherwise do.  For that reason, it's almost universally unavailable to someone who has been convicted of committing the act before, and it is generally unavailable of the prosecution can provide 'more likely than not' evidence that the defendant has committed the act before.  Some scenarios might help draw out just what entrapment is:

Undercover: hey guy, you want to buy a gram of blow?
Bar patron: Are you a cop?  You know you have to tell me if your a cop.
Undercover: Naw man, I'm not a cop, its $60, you want one?
Bar patron: Sure!
No entrapment

Undercover: hey guy, you want to buy a gram of blow?
Bar patron: Naw, I don't really do that.
Undercover: Come on, It's a good time for only $60
Bar patron: Alright, I guess I'll take one
No entrapment

Undercover: hey guy, you want to buy a gram of blow?
Bar patron: Naw, I don't really do that.
Undercover: Come on, It's a good time for only $60
Bar patron: Not tonight man
Undercover: Ok ok, for you, I'll knock of $5
Bar patron: Alright, I guess I'll take one
No entrapment

Undercover: Hey guy, you want to buy a gram of blow?
Bar patron: Naw, I don't really do that.
Undercover: Come on, it's a good time for only $60
Bar patron: I'm just not interested, sorry
Undercover: I'll give you a special, only $30
Bar patron: I appreciate that, but no, I don't do drugs
Undercover: How about this, I'll give it to you for free, just try it with me, I think you'll like it
Bar patron: Alright, I guess I'll try it.
Entrapment may be available.

As you can see, entrapment's a pretty rare defense for people, the police really have to have convinced you to do something you wouldn't have otherwise done.  Your bitcoin scenario doesn't seem to involve this at all, it looks like just an undercover buy, which happen all the time and are certainly not entrapment.

As for whether you could get out of a charge of trafficking because you directed payment to a third party, as the above poster addressed, that will absolutely not help you.  You traded "something of value" in exchange for the drugs, it's a but-for scenario, you wouldn't have delivered the drugs if you didn't think they would donate, getting them to give something up in exchange for the drugs is a sale. 

Yeah I don't know what he meant by entrapment, I think he meant how expensive it would be to the DEA and drug enforcement agencies if they had to deal with bitcoin; they can't just take it right back and recycle it for another deal lol.
Post
Topic
Board Legal
Topic OP
The Infamous MTGox Coins
by
GeneralDukeNukem
on 16/03/2014, 19:51:29 UTC
1NPNK52VZdNPzqgJn3ge6gVwNLJ4t4q9aL

This Might seem like a dumb idea (probably because no one has mentioned it yet), but shouldn't we affix a database with the tumbling wallets and their stolen amounts... Every Exchange should have the information! The thieves would not be able to exchange them. Every user of bitcoin should have the information (preferably in an app) for local P2P exchanges.

If we were to do this now, all funds from MTGox will be freezed by us, the users/miners/exchangers, immediately. If these stolen bitcoins are sent to an exchange from tumbled wallets, exchanges can confiscate and return them to MTGox users... Furthermore if this information is constantly maintained in an app, users and local exchangers can prevent buying these stolen bitcoins.

1NPNK52VZdNPzqgJn3ge6gVwNLJ4t4q9aL
Why Lie I want to Take Ove The World bhwahahahahah