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Karpeles under the microscope?

Carbon_Rod said:
http://www.reuters.com/article/2014/03/11/bitcoin-karpeles-idUSL2N0M81XU20140311

It's not much, but it's a start. We'll see if the freeze holds after 14 days.

Too bad they can't freeze Bitcoin.
Click to expand...

Are you crazy?

"Too bad they can't freeze Bitcoin." ?!

Lack of Government control is the primary reasons why BTC has value!

This article has MUCH more info and is probably a better link for a thread about "karpeles under a microscope":
http://www.dailytech.com/Bitcoin+Ki...s+History+of+Arrests+Firings/article34442.htm
 
freeze BTC?

what kind of nightmare totalitarian world you want to live in?
 
This hublub over crypto being decentralized. First thing people do when they get taken for being dumb, whine about how the government can't regulate it.
 
J Macker said:
Are you crazy?

"Too bad they can't freeze Bitcoin." ?!

Lack of Government control is the primary reasons why BTC has value!
Click to expand...

jojo69 said:
freeze BTC?

what kind of nightmare totalitarian world you want to live in?
Click to expand...

Ya, um, hi... Sorry to upset the feelings of you anti-government types, but the whole anti-bitcoin, pro-regulation thing is not quite what I was getting at so don't get yer panties in a bunch.

I was merely suggesting that if Mark Karpeles has most of his savings in BTC, no amount of court orders can stop him from moving it around. Hence, a court could order that his bank accounts be frozen along with all $6.27 deposited within them and he could still theoretically move his multi-millions worth of BTC around with impunity. So, now here's where my statement acquires its context.... it's just too bad a court can't order the freezing of his BTC assets as well. Without it, justice cannot truly be done for those who may have lost their BTC in the Gox fiasco. As it stands, Mark Karpeles could just give the court a big middle finger and go and live on his BTC holdings on a beach somewhere. Yay justice right?

For the record, I'm not going to discuss the over-arching consequences of setting that sort of precedent. Or, in other words, I'm not going to argue about it. That's what I meant with my original statement. If you want to continue calling me some sort of anti-Bitcoin, pro-government crackpot for even suggesting that, go right ahead... whatever turns your crank.
 
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My comment actually wasn't aimed at you, but in regard to the whiners over at bitcointalk. The individuals (read: tards) that had hundreds of thousands of dollars in Gox for years, after all the warning signs. It's easy to part a fool and his money.

:)
 
they already froze somebodies assets and taken it over... silk road so its happened before and it can happen again
 
mkrohn said:
they already froze somebodies assets and taken it over... silk road so its happened before and it can happen again
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Actually, the difference is that the FBI seized the assets of the owner of Silk Road. That is, he no longer had access to them to move them anywhere.

But, they merely froze Mark Karpeles assets which is different in that Mark still owns and controls those assets. Since BTC has no controlling body that the courts can go to in order to "freeze" a BTC wallet for instance, Mark is essentially "on his honor" not to move anything... that is assuming they even have all of his BTC wallet information and an up to date account of his personal BTC holdings so they can make sure it's not going anywhere.
 
For all the talk of assets -- silk road, this mark k. guy....

if they did indeed know what was coming down the pipe and wanted to stash away some BTC it would be the easiest thing in the world.

Create some paper wallets and bury them in a friends yard, create a few dropbox accounts with an encrypted wallet inside. Destroy any local copies and bam! suddenly you have several places accessible pretty much anytime/anywhere such that you could be a rich man even after the dust settles.

If I was crooked and had control of THAT much BTC, you bet your ass I'd have stashes away a few thousand BTC in places only I knew about.
 
A court can order him to not move his BTC around. They can also order him to disclose his BTC assets. He can choose to lie, or ignore the order. If he's caught, nasty charges.

I'd say it is basically obvious that most of his assets are in BTC.
 
collegeboy69us said:
For all the talk of assets -- silk road, this mark k. guy....

if they did indeed know what was coming down the pipe and wanted to stash away some BTC it would be the easiest thing in the world.

Create some paper wallets and bury them in a friends yard, create a few dropbox accounts with an encrypted wallet inside. Destroy any local copies and bam! suddenly you have several places accessible pretty much anytime/anywhere such that you could be a rich man even after the dust settles.

If I was crooked and had control of THAT much BTC, you bet your ass I'd have stashes away a few thousand BTC in places only I knew about.
Click to expand...

Agreed. But when he goes to sell those BTC, when he finds out the local grocery store doesn't take BTC, which reveals his assets, is when he would be caught violating court order.

Or he can just keep them buried in his yard forever. Some good that would do.
 
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