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Feds arrest couple, seize $3.6B in hacked Bitcoin funds

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Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#891

Post by vel0city »

ryan_lane wrote: post #868
vel0city wrote: post #712

Earlier quoted context omitted.

> the fact is that he took a gun across state lines This is the part that was unproven and goes against sworn testimony in the court. Supposedly, the gun was stored at his friend's house in Kenosha. There was no evidence he took the gun across state lines. So, you're proving the above poster's point because you're assuming he took the gun across state lines even though there was no evidence shown to show that was the…

Is this supposed to be a gotcha? It doesn't change anything from what I said. I didn't say I think he's guilty of transporting a weapon. I said I think he's guilty of manslaughter.

A minor taking a gun like that across state lines would have been a crime which you stated he committed by looking at a video. In reality, he didn't commit the crime of trafficking the firearm across state lines as a minor. You even stated "if you look at the evidence, the fact is that he took a gun across state lines..." which is not backed by the evidence, you just jumped to a conclusion that it was a fact and even worse repeated that it was a fact despite zero evidence and against sworn testimony in the case.

> 2OEH8eoCRo0:

> My experience was that people did not look at the evidence- they jumped to a conclusion.

You didn't look at the evidence, you jumped to a conclusion which is not based in fact, and broadcasted that you did this in your message. Thus proving 2OHEH8eoCRo0's point: people assume things about the case without looking at the facts.

> I didn't say I think he's guilty of transporting a weapon

You 100% did claim this when you said "the fact is that he took a gun across state lines".

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#892

Post by boc »

throw8383833jj wrote: post #875
boc wrote: post #869

Earlier quoted context omitted.

People get way too hung up on the concept of "hard" currency. It really takes some study of economic and financial history to understand that currency is just a means to an end, and that hoping for some immutable piece of value in your personal vault isn't what powers our world. Money is far more abstract than anything in the crypto world, and that's why it's not a good long-term bet. I'd encourage you to read an exc…

>> currency is simply the oil in the machinery Oil is pretty darn valuable. The need for currency oil is real! imagine if you had to sell a house, everytime you needed to get some liquidity.

You're describing credit, not currency. You can access credit to fund daily transactions without touching the principle of your investments. That's what a credit card does.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#893

Post by azth »

telotortium wrote: post #890
azth wrote: post #873

Earlier quoted context omitted.

Different types of wealth have different Zakat values, and not all wealth is subject to Zakat (e.g. the value of your home does not count towards Zakat). For example, currency, including fiat, gold, silver and other precious metals, is at 2.5% annually. Livestock has a different calculation, and so does produce. Bitcoin and ETH combined are over 1T USD, much more than the figure you quoted. That's 25B annually, imagi…

> Different types of wealth have different Zakat values, and not all wealth is subject to Zakat (e.g. the value of your home does not count towards Zakat). Of course. I did not want to get into such complications. This was more of a Fermi estimate to compare the amount a Zakat would raise in the US. > It's strictly superior to have a system based on Zakat than the insane income taxes that we have today. Maybe - remem…

> and Islamic missionary efforts

Which missionary efforts? If you mean paying Zakat to those whose hearts are inclined toward Islam that's something different.

> a tax on harvests

I mentioned this in my previous post. Livestock and produce have different Zakat calculations than the 2.5% of money held for a year.

If you're referring to Ushr, that's imposed on non-Muslim nations that taxed Muslims, so a tit-for-tat treatment, and it's not part of Islam per-se, but a socio-political decision.

> certainly that intentionally engineered by the central bank

Exactly what we don't want. We don't want a select few people to determine the tax rate for the entire population, affecting mainly people at the lower socioeconomic levels in society.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#894

Post by tptacek »

sdenton4 wrote: post #880
tptacek wrote: post #729

Earlier quoted context omitted.

Yeah, Swartz's liability has been wildly misreported. He faced nothing resembling 35 years, as the prosecutors themselves acknowledged during the dispute. His own lawyer believed he was unlikely to face custodial time even if convicted given the guidelines for the charges. This has been discussed ad nauseam on HN and I'll spare you a repeat of it; the search bar will avail.

But that's exactly the coercion, laid plain. It /doesn't matter/ that the prosecutors don't believe they'll get the full sentence. They want to paint as dire a picture as possible to get the defendant to take the plea.

No, I don't think you're following what I'm saying. The prosecutors were explicit about the sentence they were actually seeking, and that sentence was itself far outside what the guidelines suggest he would have gotten. The DOJ did not in fact threaten Swartz with 35 years in prison.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#895

Post by secondaryacct »

throwjs51009 wrote: post #759
secondaryacct wrote: post #673

Earlier quoted context omitted.

We disagree it was heinous and believe it's prescribed, thank you. Polanski is a French citizen and will not be given to the US, but if an american is demanded, we ll give him back on the double. It s what they seem not to explain in movies: we protect our brothers in citizenship against exaggerated foreign conviction, but not foreigners.

Wow, justification for rape right here. He was 43 when it happened. https://idlewords.com/2010/05/an_annotated_letter_from_roman... A link in there has expired. Archived here: https://web.archive.org/web/20100130223615/http://www.thesmo...

No justification for rape, we do not believe the americans are rational and contextualized his crime, and are only perceiving Polanski with an emotional lense, decades after the fact.

I dont care myself, just telling you why we ll never give him as a country. We simply feel different emotions (here doubt in France vs horror in the US). No need to ad hominem me in isolation as if I supported rape. I just know the media portray him as a victim of a 120 years-sentence justice system.

If he raped someone yday, like our ex-future-president DSK did in NYC, by all means, keep him, and we d give him back if he fled. But that also turned out a puritain whitch hunt in the end so it's hard to trust americans with our citizens.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#896

Post by rasz »

chemmail wrote: post #884
cobookman wrote: post #454

Earlier quoted context omitted.

Is it illegal to sell your artwork at an auction, and a criminal happens to be the one to buy it? I honestly don't know. is the onus on an artist or on an "auction house" to vet buyers. If post sale it turns out the money was fraudulent, does the artist need to pay it back? In crypto terms. You the artist simply put a NFT up for auction at OpenSea. You the scammer happened to purchase the artwork on OpenSea. However…

Melania Trump recently did this to her NFT. https://www.reddit.com/r/CryptoCurrency/comments/sohojt/mela...

To be fair is more of Solana pretending to sell celebrity NFTs by buying them with its own funds.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#897

Post by TrapLord_Rhodo »

cobookman wrote: post #454
arcticbull wrote: post #439

Earlier quoted context omitted.

> Seems like he could have done more to distance himself. Bitcoin's public ledger makes transactions into prosecution futures. This is why it's such a poor choice for revolutionaries and funding the marginalized. You leave a permanent indelible public record in posterity that will in the course of time be de-anonymized, automatically, and traced back to you.

Is it illegal to sell your artwork at an auction, and a criminal happens to be the one to buy it? I honestly don't know. is the onus on an artist or on an "auction house" to vet buyers. If post sale it turns out the money was fraudulent, does the artist need to pay it back? In crypto terms. You the artist simply put a NFT up for auction at OpenSea. You the scammer happened to purchase the artwork on OpenSea. However…

I get what you're doing here, but that's way too many steps. just because bitcoins ledger is open & transparent doesn't mean there aren't a million other privacy focused coins you could swap into leaving the trail cold.

You can walk in the river instead of trying to cover your tracks.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#898

Post by azth »

notch656a wrote: post #888
azth wrote: post #882

Earlier quoted context omitted.

> I guess you have more faith than I do that a human vested with these large sums will apply it appropriately. I agree that humans can be greedy, etc. But that's why we have a judicial system. When you look at history, the Islamic scholars took their faith extremely seriously. Their accounts and biographies are not something you'd find in Western texts, but those exceptional people truly did exist. And because of the…

>The governments today have way more money on their hands don't they? Especially with the insane taxation rates we see. You allude to this point when you mention secular welfare systems. But history shows otherwise when Islam was applied. Yes and I think the level of money and trust the government holds is a source of massive failure. I think those practicing Islam should be free to distribute their Zakat directly to…

You're most welcome.

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#899

Post by [deleted] »

azth wrote: post #878
notch656a wrote: post #874

Earlier quoted context omitted.

>Zakat is centralized by the government. I'm going to assume you're from one of the countries mentioned below? It's my understanding most countries with Muslim majority do not centrally enforce Zakat. >Today, in most Muslim-majority countries, zakat contributions are voluntary, while in Libya, Malaysia, Pakistan, Saudi Arabia, Sudan, and Yemen, zakat is mandated and collected by the state (as of 2015).[16][17] [wikip…

> I'm going to assume you're from one of the countries mentioned below? It's my understanding most countries with Muslim majority do not centrally enforce Zakat. Today, many Muslim countries are not in a good shape unfortunately, and that's due to several reasons beyond the scope here. I'm referring to how things are required by Islam, and how things were done historically when Islam was actually implemented. Today I…

[deleted]

Re: Feds arrest couple, seize $3.6B in hacked Bitcoin funds

#900

Post by johnsonlambo »

briantakita wrote: post #681
Barrin92 wrote: post #507

Earlier quoted context omitted.

>why do we need a distributed ledger? well the most obvious answer to that question is, we don't.

Why do we need fiat currency where self-interested parties inflate the currency & pay themselves?

To say crypto isn't being inflated by behind the scenes players or right in your face players for a matter of fact is wishful thinking. Look at how bitfinex and tether operate. Artificially pumping the price of bitcoin by purchasing with newly printed tether that many sources point to isn't actually backed by money as they claim. Same goes for many of these stable coins. The crypto industry is controlled by a powerful cartel of wealthy figures who use bought influencers and pay for play media outlets. BTC and others are the easiest way for new entities to scam the proletariat. This is no revolution of the common citizen. When a select few own the majority of btc how can one surmise that it is invented for all. For example, one btc maximalist I know claims a 100 million dollar btc is on the way. So we will have a couple thousand btc trillionaires, what a utopian vision.
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