Gray North was right about the Bitcoin establishment turning to the Feds (SEE Bitcoins, Stage 2: "Bring in the Feds!").
Busiessweek reports (My bold)
The Bitcoin Foundation, an advocacy group for the nascent digital currency, provided information to federal prosecutors this week that aided a probe into Mt. Gox, a shuttered exchange in Tokyo.
“The Bitcoin Foundation proactively reached out to the Southern District of New York (1071L:US) to offer assistance,” the Seattle-based organization said in an e-mailed statement yesterday. “We are continuing to help them and we are cooperating fully with their investigation.”
Shortly after Mt. Gox’s chief executive officer, Mark Karpeles, resigned from the foundation’s board on Feb. 24, the organization briefed the Manhattan U.S. Attorney’s office with information about the possible theft of as much as $400 million from the Bitcoin exchange, according to two people familiar with the effort. They requested anonymity because the talks were private.
and the leaders of Bitcoin are running to government to try to save what's left....wow
ReplyDeleteThere is no "leader" of Bitcoin. The Bitcoin Foundation is simply a group of people who have their own objectives - they represent a very small group of people - just look at their membership roster. You cannot have a "leader" of a decentralized system like Bitcoin.
Delete"The Bitcoin Foundation is simply a group of people who have their own objectives - they represent a very small group of people"
DeleteHere's the $64,000 question HB, what percentage of Bitcoin wealth do those "very small group of people" hold?
Because by my metric(50% or more of the total Bitcoin pool), there's a very good chance they are the "leaders".
Self regulating anarcho-capitalists Bitcoiners running to the Feds-Murray Rothbard would be proud
ReplyDeleteBitcoiners: Rothbardian when making money from Bitcoin, Hobbesian when losing money
ReplyDelete