November 2, 2016

Why Rich People Aren't Like Kings of Old

They panicked about communism in the 1930s and decided to mothball their top hats and mink coats. The help became "off campus" contractors without a uniform. The RSVP balls became charity events.

Basically, they have everything they used to have, except their conspicuousness. Why be a target?

One big change, though, is that the big universities have shifted from being rich kid daycare centers to being siphons for high test scorers. This has upset the applecart more than the old money crowd particularly like. 

There are many technocratic rich people now, with hippie pretensions, since they weren't in college for plush daycare service and beer drinking. There's an essential tension between the new elite, trying to adorn itself with token of being "down to earth," and the old elite, which mostly flies under the radar and maintains old traditions as best it can.

Nobody Cared Who They Were Until He Put On The Mask

>In an almost hour long interview, Kathryn Haun, Assistant Attorney for the U.S. Department of Justice in San Francisco and lecturer on digital currencies at Stanford Law School, who prosecuted her own colleagues, Shaun Bridges, a former Secret Services agent and Carl Mark Force, a DEA agent, for public corruption in an investigation arising from Silk Road, the infamous drug bazaar shut down in 2013, stated that the reason United States government did not shut down bitcoin is because they “recognize you can’t shut down bitcoin.”

>“There is simply no way” – Haun said, “with these technologies once the genie is out of the bottle you can’t put it back in…but even if we could hold the developers of these technologies accountable,” the federal prosecutor continued, that would be “counter to the legal system.”

Government BTFO. Bitcoin can not be stopped. Nocoiners will cry lava soon.
11/02/16(Wed)07:29:11 No.1597578


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>"We seized 170,000 bitcoins worth roughly 90 million USD. There is simply no way we were going to let this kind of money going to waste"

Sounds like a pretty sweet deal for the government tbqh. Especially considering that paying off hackers for 0days and secretly funding terrorist groups 
has become a growing interest of the US Government in the last years. Just like TOR - the US government is probably one of the bigger proponents of BTC. If you ever use BTC for anything useful (like turning them into real money or buying stuff you have to have shipped to yourself) they can still track you and now they have an added benefit that once they matched your wallet, every single transaction will be an open book to them since its public data. Honestly - I think BTC will be an awesome tool for prosecutors piling on charges after the fact. And possibly outright fabricating charges.

Oh hold on, your wallet randomly received payments from a (hint: government-controlled) wallet also "financing" islamic terrorists? There go your civil rights. Easy terrorism conviction.