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muriel_volestrangler

(101,354 posts)
Mon Mar 30, 2015, 05:37 PM Mar 2015

Silk Road agents charged with stealing seized Bitcoin

Source: BBC

The US Department of Justice (DoJ) alleges that Shaun Bridges stole more than $800,000 (£540,000) in Bitcoin.

His colleague, Carl Force, has also been charged with money laundering and wire fraud.
...
"In doing so, the complaint alleges, Force used fake online personas, and engaged in complex Bitcoin transactions to steal from the government and the targets of the investigation.

"In one such transaction, Force allegedly sold information about the government's investigation to the target of the investigation."


Read more: http://www.bbc.co.uk/news/technology-32124251

10 replies = new reply since forum marked as read
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Silk Road agents charged with stealing seized Bitcoin (Original Post) muriel_volestrangler Mar 2015 OP
Who will guard the guardians? hobbit709 Mar 2015 #1
Gotta love unregulated money LynneSin Mar 2015 #2
Good point. TrollBuster9090 Mar 2015 #4
Did you read the article? It was the government's agents that took the money. PoliticAverse Mar 2015 #5
My comment wasn't related to the article, and neither was the comment I was responding to. TrollBuster9090 Mar 2015 #7
You said "you can hardly go running to them when somebody steals it from you" muriel_volestrangler Mar 2015 #10
How would that be any different from a policeman stealing cash? metalbot Mar 2015 #6
False analogy. TrollBuster9090 Mar 2015 #8
Bit coin has been "remarkably stable" *this year* (so far), Art_from_Ark Mar 2015 #9
I'm pretty sure "Gale Boetticher" From Breaking Bad was getting Gus Fring to pay him his Meth Money TrollBuster9090 Mar 2015 #3

LynneSin

(95,337 posts)
2. Gotta love unregulated money
Mon Mar 30, 2015, 05:54 PM
Mar 2015

Why should the DoJ even bother? This is what the libertarians want - money that is untouched by the federal government so why should we waste tax dollars investigating this? The people who lost their money with bitcoins were fools to have invested.

TrollBuster9090

(5,955 posts)
4. Good point.
Mon Mar 30, 2015, 06:23 PM
Mar 2015

If you're going to whine about the evil gubmint interfering with your currency, you can hardly go running to them when somebody steals it from you. Heck, that's just the 'free market,' in the extreme sense of the word.

PoliticAverse

(26,366 posts)
5. Did you read the article? It was the government's agents that took the money.
Mon Mar 30, 2015, 06:42 PM
Mar 2015

And the government that is pursuing the issue.

TrollBuster9090

(5,955 posts)
7. My comment wasn't related to the article, and neither was the comment I was responding to.
Mon Mar 30, 2015, 08:23 PM
Mar 2015

It's a general comment about the short sighted hypocrisy of complaining about government regulations on financial transactions, followed by complaints about the government failing to regulate financial transactions.

muriel_volestrangler

(101,354 posts)
10. You said "you can hardly go running to them when somebody steals it from you"
Tue Mar 31, 2015, 06:10 AM
Mar 2015

which is about the article - as was the post you replied to, which asked why the DoJ should bother with the case.

And theft does not only apply to things that the government regulates; if I raise chickens on my property, and someone steals them, it's still theft and illegal, even if the value of them did not come from regulated monetary exchanges.

metalbot

(1,058 posts)
6. How would that be any different from a policeman stealing cash?
Mon Mar 30, 2015, 06:43 PM
Mar 2015

There's no fundamental difference between physical cash and bitcoin (other than value, for which Bitcoin has been remarkably stable for the last year). What you are essentially arguing is "Hey, if you're a drug dealer, and cops come in and steal your cash and pocket it, that's ok, you should have had a bank account".

TrollBuster9090

(5,955 posts)
8. False analogy.
Mon Mar 30, 2015, 08:28 PM
Mar 2015

A better analogy (for this particular case) would be cops coming in and stealing cash from drug dealers, and then the drug dealers complaining about the cops engaging in criminal activity.

But none of this is related to my comment or the comment I was responding to. I was speaking generally about the hypocrisy of people who object to the government making regulations on currency, building a system outside government in order to avoid both the regulations and the taxes that pay for the agencies that regulate it; and then complaining about governments failure to protect it, or secure the non-governmental system. It's the kind of double standard most faux-libertarians use, but it's not directly related to this article.

Art_from_Ark

(27,247 posts)
9. Bit coin has been "remarkably stable" *this year* (so far),
Tue Mar 31, 2015, 04:38 AM
Mar 2015

but at its current price of around $248, it is more than $400 off its high of $655 that it reached in June of last year.

http://www.kitco.com/finance/bitcoin/

TrollBuster9090

(5,955 posts)
3. I'm pretty sure "Gale Boetticher" From Breaking Bad was getting Gus Fring to pay him his Meth Money
Mon Mar 30, 2015, 06:20 PM
Mar 2015

in BITCOIN. Poor libertarian fool that he was. (That's probably the real reason Jesse Pinkman shot him. "Yo, dude, you wanna bribe me not to shoot you with BITCOIN?&quot



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