Posted on 12/09/2015 8:39:49 AM PST by C19fan
Australian police raided the Sydney home and office on Wednesday of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said.
More than a dozen federal police officers entered a house registered on the electoral roll to Craig Steven Wright, whom Wired outed as the likely real identity of Satoshi Nakamoto, the pseudonymous figure that first released bitcoin's code in 2009.
Locksmiths broke open the door of the property, in a suburb on Sydney's north shore. When asked what they were doing, one officer told a Reuters reporter they were "clearing the house."
(Excerpt) Read more at msn.com ...
What laws were dissed here?
BitCoin exchange pricing on LuxStack is down on this news, but I wouldn’t suspect it will be for long. AUD exchanges are cratering but will likely recover.
This is likely a move by the government at the behest of the central banks. They don’t like the proles doing things for themselves.
I encourage everyone to do some basic research on how BitCoins work before flipping off at the lip. There are plenty of legitimate purposes for BitCoin.
I accept that I’ll never quite understand either the value basis for bitcoins or the governments concern about them.
Fluctuations aren’t that wild. The problem is that when something bad happens, they crater quickly. They’re volatile, but they aren’t fluctuating day-to-day.
The average is ~$400 USD per BTC right now.
Good taste?
Plus general unhappiness of wanna-be NWO dickstators.
Sounds like an excuse. We all know that we have an overbearing plethora of laws, unevenly imposed/selectively enforced.
Tax is theft.
So much for flipping off the lip before doing basic research.
Yeah...Cultural appropriation...omg...so wrong...
My guess is they would be checking for tax laws.
In the US if you buy and sell Bitcoin it is treated as an asset.
People get all squirrelly about Bitcoin. If they find his wallet the can track every transaction to and from his account. The block chain ledger is public, so the supposed anonymous aspect of Bitcoin is a myth.
The photo shows the police rolling out a big box of bitcoins. How heavy is $400 million dollars worth of bitcoins?
/s
Deepnet contacts are saying it’s unlikely to be him and that a far more likely suspect for creator died years ago of a chronic condition, I believe it was MRSA.
THIS incident is being identified as probably a high-roller in bitcoin that the fascist Australian government is bent on shaking down to make an example of someone. Basically they’re after the currency as an untapped tax source. (read: massive theft-by-force opportunity)
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