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Do Kwon arrested in Montenegro: Interior Minister

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Re: Do Kwon arrested in Montenegro: Interior Minister

#241

Post by EGreg »

steveBK123 wrote: post #228
steveBK123 wrote: post #226

Earlier quoted context omitted.

If you do crime with it you go to jail. If you make profit in it you pay tax. So isn’t this just regular money with a bunch of extra steps? Sure the government can’t print bitcoin anymore than you or I can but.. the no devaluation angle is kind of meh in the face of its volatility and number of high profile frauds. No one should be sitting with a million dollars in the bank. Dollar denominated assets are a better inf…

As we saw from the SVB weekend of tweets, none of the VCs who were going to reinvent the banking system with crypto actually understood how the existing one works, so...

Right and the same VCs were also trying to reinvent every other system including our social interactions. You think they understand those?

Re: Do Kwon arrested in Montenegro: Interior Minister

#242

Post by m3kw9 »

jeron wrote: post #51
m3kw9 wrote: post #16

Earlier quoted context omitted.

How is that a rookie mistake, it’s total idiocy

If I pulled off a billion dollar scam, I’d only fly private but in music equipment boxes

I bet someone sold him a bridge(we brought off customs and you will sail through) for a big sum. Of course he cannot verify till he got there to see himself.

Re: Do Kwon arrested in Montenegro: Interior Minister

#243

Post by d3nj4l »

SECProto wrote: post #227
lo_zamoyski wrote: post #204

Earlier quoted context omitted.

ChatGPT? Is that you?

Haha glad my calling out of nonsense is apparently indistinguishable from a large language model. Does chatgpt do citations like that?

Bing's chat is like that.

Re: Do Kwon arrested in Montenegro: Interior Minister

#244

Post by yucky »

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 Nakamoto = NSA, so the point remains.

That being said, Monero still remains untraceable.

Re: Do Kwon arrested in Montenegro: Interior Minister

#245

Post by throwawaylinux »

yucky wrote: post #244
tobyjsullivan wrote: post #233

Earlier quoted context omitted.

*Satoshi Nakamoto enters the chat*

Satoshi Nakamoto = NSA, so the point remains. That being said, Monero still remains untraceable.

There is no way the government could restrain themselves from spending that money if they had it so it can't be the NSA.

Re: Do Kwon arrested in Montenegro: Interior Minister

#246

Post by chowells »

mrcode007 wrote: post #230
xapata wrote: post #119

Earlier quoted context omitted.

News articles are biased towards likelihood of clicks.

That doesn’t make them any less true? I think you’re confusing selection bias with the fact that something happened. Say a news outlet says “X happened and it’s bad”. Another news outlet says “X happened and it’s good.” Both have their respective slant. Fine. But BOTH say X happened. Stuff that’s not newsworthy doesn’t go into news. You can’t just dismiss facts with prejudice as in “Don’t look up”.

The thing is that "warrant served without gunfire" doesn't get clicks, so it doesn't get reported. Looking at news sites tells you nothing at all about the relative prevalence of those two cases.

Re: Do Kwon arrested in Montenegro: Interior Minister

#247

Post by yucky »

throwawaylinux wrote: post #245
yucky wrote: post #244

Earlier quoted context omitted.

Satoshi Nakamoto = NSA, so the point remains. That being said, Monero still remains untraceable.

There is no way the government could restrain themselves from spending that money if they had it so it can't be the NSA.

The US Government prints money whenever it feels like it despite being $30 Trillion in debt, it's the only entity in the world that could manage to not spend it.

Re: Do Kwon arrested in Montenegro: Interior Minister

#248

Post by scotty79 »

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…

It's not about what government can do because it can literally do everything. If we are talking about USA it can literally end the world.

What's important is what the government can do cheaply, kinda quietly and without stepping on toes of the rich people. And in that book bitcoin is fairly safe so far.

Re: Do Kwon arrested in Montenegro: Interior Minister

#249

Post by lazzlazzlazz »

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…

Terra was centralized garbage from the beginning. Serious players in the crypto industry did not take it seriously.

Re: Do Kwon arrested in Montenegro: Interior Minister

#250

Post by steveBK123 »

EGreg wrote: post #241
steveBK123 wrote: post #228

Earlier quoted context omitted.

As we saw from the SVB weekend of tweets, none of the VCs who were going to reinvent the banking system with crypto actually understood how the existing one works, so...

Right and the same VCs were also trying to reinvent every other system including our social interactions. You think they understand those?

Do VCs understand social interaction?

Again given my limited exposure to their twitter tantrums I’d have to say no, lol.

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