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Do Kwon arrested in Montenegro: Interior Minister

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Re: Do Kwon arrested in Montenegro: Interior Minister

#231

Post by notch898a »

calgarymicro wrote: post #65
notch898a wrote: post #27

Earlier quoted context omitted.

Weev went to transnistria, stayed the 1 year it takes to get the passport, and then somehow is living in Ukraine off that passport despite the fact it isn't even recognized by Ukraine. There's also several other 'microstates' that recognize Transnistria's passport, so presumably once you have it you can stay in one of those places. If a fugitive doesn't mind living in a bumfuck mountain or desert with nothing but a c…

Is he actually still in Ukraine? Google says he was living in Kharkiv, but given it became a front-line city, I doubt he would've stayed.

I don't know. You could ask him. Look up @rabite. The dude is exiled from the banking system so I doubt he'd be too eager to give up his properties in Ukraine.

Re: Do Kwon arrested in Montenegro: Interior Minister

#232

Post by kjs3 »

medo-bear wrote: post #137
ezekiel68 wrote: post #128

What is this world coming to when Crypto renegades can no longer flee to Montenegro using falsified documents? This must somehow be seen as yet another nail in the coffin of Big centralized fiat currency. /s

Fun fact: Montenegro has the longest serving head of state in Europe, Mile Djukanovic, probably making even Lukashenko of Belorus jealous. But don't worry, despite widespread accusations and suspicions of corruption, nepotism, and even drug trafficking, he is our ally... and hence not a dictator

Which has nothing to do with what they OP was talking about, but nice derail.

Re: Do Kwon arrested in Montenegro: Interior Minister

#233

Post by tobyjsullivan »

steveBK123 wrote: post #183

What is the point of having a zillion magic internet moneys if you can't get yourself off the financial grid and living in a non-extradition country? Cmon. What a bunch of jokers. I think it's a hugely bearish case for crypto that none of the crypto guys have been able to use it to avoid authorities for more than a few weeks/months. That's literally one of its alleged use cases. "The government can't control it". SBF…

*Satoshi Nakamoto enters the chat*

Re: Do Kwon arrested in Montenegro: Interior Minister

#234

Post by kjs3 »

GauntletWizard wrote: post #206
JumpCrisscross wrote: post #154

Earlier quoted context omitted.

> arrested in montenegro for the interpol/south korean red notice or the united states sec case The SEC is a civil agency. It can't arrest people.

No, but it can file cases with the courts, and courts can issue arrest warrants for contempt and failure to appear for a summons.

"SEC investigations are civil, not criminal. The SEC can charge individuals and entities for violating the federal securities laws and seek remedies such as monetary penalties, disgorgement of ill-gotten gains, injunctions, and restrictions on an individual’s ability to work in the securities industry or to serve as an officer or director of a public company, but the SEC cannot put people in jail. Enforcement may refer potential criminal cases to criminal law enforcement authorities for investigation or coordinate SEC investigations with criminal investigations involving the same conduct. If a person is convicted of a criminal violation of the securities laws, a court may sentence that person to serve time in jail."

Source: https://www.sec.gov/oiea/investor-alerts-bulletins/ib_invest...

Re: Do Kwon arrested in Montenegro: Interior Minister

#235

Post by kibwen »

TacticalCoder wrote: post #214
steveBK123 wrote: post #183

What is the point of having a zillion magic internet moneys if you can't get yourself off the financial grid and living in a non-extradition country? Cmon. What a bunch of jokers. I think it's a hugely bearish case for crypto that none of the crypto guys have been able to use it to avoid authorities for more than a few weeks/months. That's literally one of its alleged use cases. "The government can't control it". SBF…

> That's literally one of its alleged use cases. "The government can't control it". > > SBF, Do Kwon, the Bitmex guys, how's that worked out for everyone? Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins. So in that sense they cannot control Bitcoin. Those you mentioned and the likes of Justin Sun (now charged for fraud), Mark Karpeles (from MtGox fame, who server prison…

> Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins.

Of course it can. The only thing capping the supply of bitcoin is a variable in a C++ source file. The only thing preventing a modified version of that variable from being deployed as the dominant protocol on the network is countervailing hashrate. The government knows exactly where all the major bitcoin mines are, both because the power draw makes them obvious to local grid operators and the immense waste heat makes them obvious to anyone with aerial surveillance imagery. Governments have plenty of funds to spend on ASICs and cruise missiles to hard-fork the network whenever they feel like it.

At least the goldbugs are correct that there's only a finite amount of gold in the Earth's crust. Bitcoin's limits, by comparison, are entirely arbitrary.

(Of course, both of these ignore that fact that inflation is not solely caused by increases to the money supply, so it's unclear what trying to hard-cap the money supply actually achieves.)

Re: Do Kwon arrested in Montenegro: Interior Minister

#236

Post by rippercushions »

tobyjsullivan wrote: post #233
steveBK123 wrote: post #183

What is the point of having a zillion magic internet moneys if you can't get yourself off the financial grid and living in a non-extradition country? Cmon. What a bunch of jokers. I think it's a hugely bearish case for crypto that none of the crypto guys have been able to use it to avoid authorities for more than a few weeks/months. That's literally one of its alleged use cases. "The government can't control it". SBF…

*Satoshi Nakamoto enters the chat*

Satoshi's coins have sat untouched since pretty much the beginning, so no, they certainly have not been able to make any use of them.

Re: Do Kwon arrested in Montenegro: Interior Minister

#237

Post by tobyjsullivan »

rippercushions wrote: post #236
tobyjsullivan wrote: post #233

Earlier quoted context omitted.

*Satoshi Nakamoto enters the chat*

Satoshi's coins have sat untouched since pretty much the beginning, so no, they certainly have not been able to make any use of them.

And their identity and whereabouts remains concealed - which I believe is the more relevant factor here.

Re: Do Kwon arrested in Montenegro: Interior Minister

#238

Post by MichaelZuo »

kibwen wrote: post #235
TacticalCoder wrote: post #214

Earlier quoted context omitted.

> That's literally one of its alleged use cases. "The government can't control it". > > SBF, Do Kwon, the Bitmex guys, how's that worked out for everyone? Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins. So in that sense they cannot control Bitcoin. Those you mentioned and the likes of Justin Sun (now charged for fraud), Mark Karpeles (from MtGox fame, who server prison…

> Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins. Of course it can. The only thing capping the supply of bitcoin is a variable in a C++ source file. The only thing preventing a modified version of that variable from being deployed as the dominant protocol on the network is countervailing hashrate. The government knows exactly where all the major bitcoin mines are, both…

That's definitely an aspect I never got.

Cutting edge ASICs production, and their associated supply chains, are in fact even more centralized then the Federal Reserves + 9 next largest central banks.

And a chain is only as strong as its weakest link.

Re: Do Kwon arrested in Montenegro: Interior Minister

#239

Post by kinghajj »

kibwen wrote: post #235
TacticalCoder wrote: post #214

Earlier quoted context omitted.

> That's literally one of its alleged use cases. "The government can't control it". > > SBF, Do Kwon, the Bitmex guys, how's that worked out for everyone? Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins. So in that sense they cannot control Bitcoin. Those you mentioned and the likes of Justin Sun (now charged for fraud), Mark Karpeles (from MtGox fame, who server prison…

> Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins. Of course it can. The only thing capping the supply of bitcoin is a variable in a C++ source file. The only thing preventing a modified version of that variable from being deployed as the dominant protocol on the network is countervailing hashrate. The government knows exactly where all the major bitcoin mines are, both…

Hashrate doesn't matter if nodes don't accept their blocks. So while you're right that a powerful government could severely strike Bitcoin by taking down miners, they can't force the community to accept invalid blocks, no matter how much hash power they could amass.

Re: Do Kwon arrested in Montenegro: Interior Minister

#240

Post by EGreg »

kinghajj wrote: post #239
kibwen wrote: post #235

Earlier quoted context omitted.

> Well the government still, so far, cannot make it so that there's more than 21 million Bitcoins. Of course it can. The only thing capping the supply of bitcoin is a variable in a C++ source file. The only thing preventing a modified version of that variable from being deployed as the dominant protocol on the network is countervailing hashrate. The government knows exactly where all the major bitcoin mines are, both…

Hashrate doesn't matter if nodes don't accept their blocks. So while you're right that a powerful government could severely strike Bitcoin by taking down miners, they can't force the community to accept invalid blocks, no matter how much hash power they could amass.

Well what they can do is make longer chains and double-spend a lot, undermining trust in the Bitcoin network and making BTC plummet in value. The mining rewards would then not be enough to mine it.
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