Silk Road forums
Discussion => Off topic => Topic started by: shifting sands on May 29, 2013, 01:59 pm
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I see that liberty reserve was shut down, and the authorities have filed against another crypto currency. will sr convert to lit coins or another alternative
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I see that liberty reserve was shut down, and the authorities have filed against another crypto currency. will sr convert to lit coins or another alternative
Liberty Reserve was not a crypto-currency, it was a virtual currency. Bitcoin is a P2P crypto-currency, and cannot be "shut down" by any authority.
Why would Silk Road decide to use Litecoin or any other crypto-currency when we have Bitcoin..? ???
Libertas
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just askin but thanks for the answer
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I see that liberty reserve was shut down, and the authorities have filed against another crypto currency. will sr convert to lit coins or another alternative
Liberty Reserve was not a crypto-currency, it was a virtual currency. Bitcoin is a P2P crypto-currency, and cannot be "shut down" by any authority.
Why would Silk Road decide to use Litecoin or any other crypto-currency when we have Bitcoin..? ???
Libertas
but they already froze a bitcoin account
http://www.theverge.com/2013/5/15/4332698/dwolla-payments-mtgox-halted-by-homeland-security-seizure-warrant
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Yep your right
Authorities in the US have reportedly frozen a mobile payments account associated with Bitcoin exchange MtGox, as part of an investigation announced Tuesday. Dwolla, an Iowa-based mobile payment startup, confirmed to Betabeat Tuesday that it has halted all activity associated with the account belonging to MtGox, after receiving a warrant from the Department of Homeland Security. A spokesperson for the US Immigration and Customs Enforcement (ICE) later told CNET that an investigation is underway, though she declined to comment on its scope or nature.
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MtGox says it is aware of reports of the investigation, though the company says it has yet to receive a court order or warrant.
"[A]s of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance," MtGox said in a statement published to its Facebook page late Tuesday. "MtGox is investigating and will provide further reports when additional information becomes known."
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but they already froze a bitcoin account
http://www.theverge.com/2013/5/15/4332698/dwolla-payments-mtgox-halted-by-homeland-security-seizure-warrant
They did not freeze a Bitcoin account, they froze a Dwolla account associated with the Bitcoin company Mt.Gox. Bitcoin "accounts" (wallets) can not be frozen.
Libertas
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Also, some of these problems could have been avoided if they had filed appropriately with Fincen.
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Also, some of these problems could have been avoided if they had filed appropriately with Fincen.
^ This!
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thanks for the info guys, i will sleep easy tonight.