NEVER
KEEP
YOUR
CRYPTO
ON
EXCHANGES
I also feel like TPTB are trying to demonize BTC and associate it with purely criminal activity.
You are viewing a single comment's thread from:
NEVER
KEEP
YOUR
CRYPTO
ON
EXCHANGES
I also feel like TPTB are trying to demonize BTC and associate it with purely criminal activity.
I'm getting very tired of reading "criminal activity" and "money laundering" in coverage of this takedown. And about all of the other takedowns. A crime is a crime only if some authority says that it's a crime, right? And why should the entire Internet be subject to US law, and law of subservient US client states?
Fundamentally, there is no law on the Internet. There is only the raw exercise of skill and power. I mean, consider the NSA. They don't even respect US law, let alone the rest of the world. Or Google and Facebook, for that matter. They do whatever they can get away with.
There's a revolution going on. Freedom is coming, perhaps, for everyone. Or if the kleptocrats win, there will be extreme subjugation. Time will tell.
The "criminal activity" is being done by the US Govt. Kidnapping and Grand theft.
Yes, basically. Yet, I gotta say that he took a risk leaving Russia. Better yet, he should have stayed as anonymous as possible.
I agree completely, you raise some very important points here.
We should keep these ideas in mind when we read about 'nefarious' activity online or on the darkweb.
Let me just repeat that for you...
KEEP
ALL YOUR
CRYPTO
ON
EXCHANGES
@jamesc1 rightly pointed out to me that keeping small amounts of crypto on exchanges has its merits, and makes sense for active traders.
So I should make a correction and say -
Never keep ALL your crypto on exchanges
@v4vapid Getting more accurate in each moment ;-)>
A sign of conscious evolution!
Maybe even better would be "never keep any crypto on exchanges unless you are actively trading and hopefully profiting!"
Agreed, this is material to spin BTC as a criminal thing.
Probably different from MtGox because:
If lawyers get involved over money laundering and change fees that come out of the exchanges funds then they will be committing a crime by stealing funds from the exchanges customers. This could very well be a crime compliments of the US Dept of Justice (justice for who?).
MtGox was the first thing that came to mind but i see your logic on this and it makes a whole lot more sense. If this is the case, then we can possibly see that the movement of the 170 million BTC may have been some kind of contingency plan to keep it out of the hands of the DOJ, since the Admin had been arrested.
This was my theory also. BTC-e may of even had inside knowledge of the arrest. But this is just speculation for the time being.