Mt. Gox Inc., the American affiliate of the bankrupt Bitcoin exchange that lost track of hundreds of millions of dollars’ worth of virtual currency, had its U.S. assets frozen by a federal judge in Chicago.
U.S. District Judge Gary Feinerman today issued a temporary order tying up money and property belonging to the affiliate, its ultimate corporate parent, Tibanne KK, and principal Mark Karpeles after a hearing today.
He issued that order without opposition from the frozen entities, who weren’t represented in court, and in the presence of lawyers for the parent, Tokyo-based Mt. Gox Co., which filed for bankruptcy in Japan last month. Feinerman’s order doesn’t cover the bankrupt entity and expires on March 25.
Once the world’s biggest Bitcoin exchange, Mt. Gox Co. said in a U.S. court filing that almost 750,000 customer Bitcoins and 100,000 of its own, about 7 percent of all Bitcoins in existence worldwide, were missing and probably stolen.
It feels good to be running from the devil
Another breath and I'm up another level
It feels good to be up above the clouds
It feels good for the first time in a long time now
Wow. The more I read, the more I’m convinced that the guv is scared as hell of bitcoin.
"What? You’re promoting a currency that is backed by nothing other than the perception of it’s value?! THAT’S OUR FUCKING JOB!!!!"
You know Sam hates competition… :bakedmonkey:
Wow. The more I read, the more I’m convinced that the guv is scared as hell of bitcoin.
"What? You’re promoting a currency that is backed by nothing other than the perception of it’s value?! THAT’S OUR FUCKING JOB!!!!"
You know Sam hates competition… :bakedmonkey:
As true as your statement is, unfortunately bankers running off with all the loot has become
quite the crime in our cuntry. I’m sure everyone recalls Enron, my Dad lost over $100K and
the guilty parties might have gotten a lil slap on the wrist, I’m sure they are still living the good
life with their illegal take.
I’m still pissed over all the bailouts DC has assisted with- banks, car companies, insurance co.s I’m sure I
have missed some. We are supposed to be a Free Enterprise system, but the old sink or swim saying only
applies to the individual tax payer, it doesn’t apply to the 40% of this country who accept public assistance
and it sure as hell doesn’t apply to large corporations like GM who have recently begun picking up their blocks
and moving to China. I’m pretty sure Americans didn’t have the slightest idea that after getting bailed out,
GM might just pull out & move along to another country…I can’t wait to see china cough up some bucks next
time those a-holes need some $$$
I just read the other day after Russia invaded the Ukraine that Jackass Kerry is calling for
One Billion in assistance for them- WTF is with that? We can used that money right here
Wow. The more I read, the more I’m convinced that the guv is scared as hell of bitcoin.
"What? You’re promoting a currency that is backed by nothing other than the perception of it’s value?! THAT’S OUR FUCKING JOB!!!!"
You know Sam hates competition… :bakedmonkey:
Bitcoin is not going anywhere, MtGox assets being seized is a non event. US has already given bitcoin tacit aproval and has stated it is not money.
They can *say* it’s not money all they want…so long as people are exchanging it for goods and services, it most assuredly IS.
I think the detachment from government control is what scares them the most. The only true value of a governmental currency *used* to be that it was backed up by something tangible, such as gold or silver, and the government was about the only type of entity who could secure such large amounts.
Truly, does money *need* to be an extension of government? I don’t think so. The way I see it, so long as the 2 exchanging parties are in agreement, you could use goat poop pellets and it would be just as legit.
There ain’t no gold backing our currency…it’s just pretty bits of paper that everyone accepts as ‘debt’. Not that this is even a remote possibility, but if all the citizens of America said "Y’know what? We’re going to start exchanging our goods and services for bitcoin instead of dollar"…there wouldn’t be a damn thing they could do about it. The dollar would collapse, as it would then be worthless for said exchanges.
Devaluation of currency is by no means a rare occurrence…
In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altairian Dollar has recently collapsed, the Flanian Pobble bead is only exchangeable for other Flanian Pobble Beads, and the Triganic Pu has its own very special problems. Its exchange rate of eight Ningis to one Pu is simple enough, but since a Ningi is a rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because the Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination. -Douglas Adams
They can *say* it’s not money all they want…so long as people are exchanging it for goods and services, it most assuredly IS.
I think the detachment from government control is what scares them the most. The only true value of a governmental currency *used* to be that it was backed up by something tangible, such as gold or silver, and the government was about the only type of entity who could secure such large amounts.
Truly, does money *need* to be an extension of government? I don’t think so. The way I see it, so long as the 2 exchanging parties are in agreement, you could use goat poop pellets and it would be just as legit.
There ain’t no gold backing our currency…it’s just pretty bits of paper that everyone accepts as ‘debt’. Not that this is even a remote possibility, but if all the citizens of America said "Y’know what? We’re going to start exchanging our goods and services for bitcoin instead of dollar"…there wouldn’t be a damn thing they could do about it. The dollar would collapse, as it would then be worthless for said exchanges.
Devaluation of currency is by no means a rare occurrence…
In fact there are three freely convertible currencies in the Galaxy, but none of them count. The Altairian Dollar has recently collapsed, the Flanian Pobble bead is only exchangeable for other Flanian Pobble Beads, and the Triganic Pu has its own very special problems. Its exchange rate of eight Ningis to one Pu is simple enough, but since a Ningi is a rubber coin six thousand eight hundred miles along each side, no one has ever collected enough to own one Pu. Ningis are not negotiable currency, because the Galactibanks refuse to deal in fiddling small change. From this basic premise it is very simple to prove that the Galactibanks are also the product of a deranged imagination. -Douglas Adams
Yeah the federal reserve notes are scary enough,
everyone already knows what our ruler’s promise is actually worth.
How does he get a 41% approval rating?–
Oh I remember now~ it’s cause 40% of the people here in our country are on welfare~
I’m kind of a conspiracy nut, and if I’m right I think we’ll start seeing more cases of government "crackdown" on corrupt Bitcoin ventures, so they can get people to demand more government "oversight" on Bitcoin exchange.
One step closer to a "one world currency" that is based on nothing but bits of computer code that can easily be "lost" or "misplaced". This is the wet dream of the NWO.
Just the fact that major global corporations are now accepting Bitcoin indicates to me that it is being co-opted as the wave of the future.
Entertainment industry giants like Fox also have their sticky little paws in the pie, pushing Bitcoin as the future currency on their sci-fi show "Almost Human". I mean, can it get any more blatant than that?