Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme

Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme – Telegraph Blogs

Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme

A digital pirate has captured Bitcoin investors' money A suspected Ponzi scheme involving the online currency Bitcoin has unravelled , and I can reveal that it has drawn the attention of the American Securities Exchange Commission (SEC). Bitcoin is a libertarian's dream – and a government's nightmare. An online, virtual currency created in 2008 , it is unpoliced by any central authority, almost immune to money-laundering rules, and incredibly hard to track. It's a huge boon to those suspicious of governments or big banks, and has a legion of vocal advocates online, who love both the idea of an Austrian-economics inspired currency immune to meddling politicians, and the open-source spirit of the cryptography software required to "mine" the currency. While those who set it up, and many current users, have honourable intentions, it's become the currency of choice for those lo...

Full article: http://blogs.telegraph.co.uk/technology/willardfoxton2/10...

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@YaelOss » 03 Oct '12, 6pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme @knowlprob | Telegr... [link]
@WSL76 » 28 Sep '12, 2am
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme – Telegraph Blogs [link] S
@msgbi » 27 Sep '12, 4pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme – Telegraph Blogs [link]
@feydr » 27 Sep '12, 3pm
RT @rogerkver: "Bitcoin is a libertarian's dream – and a government's nightmare….immune to money-laundering rules.... hard to track" [link]
@rogerkver » 27 Sep '12, 3pm
"Bitcoin is a libertarian's dream – and a government's nightmare….immune to money-laundering rules.... hard to track" [link]
@BitcoinOz » 27 Sep '12, 2pm
BitcoinPirate scandal SEC steps in amid allegations that the whole ...: A digital pirate has captured B... [link] #bitcoin
@BitcoinOz » 27 Sep '12, 2pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing ...: Bitcoin is a libertar... [link] #bitcoin
@HostelVegan » 27 Sep '12, 2pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing ...: Bitcoin is a libertarian's dre... [link]
@nc2y » 27 Sep '12, 2pm
Unconfirmed nbrs, but intrstng story. MT @jonmatonis #bitcoin 'Pirate' scandal and the SEC by @WillardFoxton [link]
@S2R_Solutions » 27 Sep '12, 1pm
SEC investigating whether the whole Bitcoin thing was a Ponzi scheme. [link] @mashable
@alice_emily » 27 Sep '12, 1pm
The latest on the whole "Is BitCoin a Ponzi scheme" saga [link]
@jonmatonis » 27 Sep '12, 12pm
UK Telegraph: Bitcoin 'Pirate' scandal and the SEC by @WillardFoxton [link] #bitcoin
@ITredux » 27 Sep '12, 12pm
RT @Emmabarnett: Bit coin the ponzi scheme? Learn more via @TelegraphBlogs [link]
@5H1F73 » 27 Sep '12, 12pm
RT @Asher_Wolf: Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@Emmabarnett » 27 Sep '12, 12pm
Bit coin the ponzi scheme? Learn more via @TelegraphBlogs [link]
@WillardFoxton » 27 Sep '12, 12pm
Classic comment on my #Bitcoin piece: "The UK GOVERNMENT is a Ponzi scheme, care to do a piece on that scam?" [link]
@MerlinLinehan » 27 Sep '12, 12pm
Bitcoin (online currency) 'Pirate' scandal, is it a Ponzi scheme? [link]
@BitcoinOz » 27 Sep '12, 12pm
RT @okcrusader: Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme via @Telegraph [link]
@okcrusader » 27 Sep '12, 12pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme via @Telegraph [link]
@IKnewDidU » 27 Sep '12, 12pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme: A suspected Pon... [link]
@petermacrobert » 27 Sep '12, 12pm
@jalada lulz [link]
@_IainMartin » 27 Sep '12, 12pm
RT @lukemcgee85: Is this an online Ponzi scheme? [link] #bitcoin
@TelegraphBlogs » 27 Sep '12, 12pm
Is this an online Ponzi scheme? [link]
@TelegraphUKnews » 27 Sep '12, 12pm
Bitcoin ‘Pirate’ scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@BitCoinReporter » 27 Sep '12, 12pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing ... - [link] (blog) [link] #bitcoin
@WillardFoxton » 27 Sep '12, 12pm
Me @telegraphblogs, on the SEC launching an investigation into the #Bitcoin "Pirate40" Ponzi scheme: [link]
@holysmoke » 27 Sep '12, 12pm
Exclusive from @WillardFoxton: Bitcoin 'Pirate' scandal – SEC investigates Ponzi scheme allegations [link]
@Andrey_Kazakov » 27 Sep '12, 1pm
RT @Asher_Wolf: Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@mathewi » 27 Sep '12, 1pm
RT @Asher_Wolf: Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@temp_projects » 27 Sep '12, 1pm
RT @Asher_Wolf: Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@GovernmentDroid » 27 Sep '12, 1pm
RT @WillardFoxton: Classic comment on my #Bitcoin piece: "The UK GOVERNMENT is a Ponzi scheme, care to do a piece on that scam?" [link]
@David_V_Smith » 27 Sep '12, 12pm
RT @WillardFoxton: Classic comment on my #Bitcoin piece: "The UK GOVERNMENT is a Ponzi scheme, care to do a piece on that scam?" [link]
@margotlily » 27 Sep '12, 12pm
RT @WillardFoxton: Classic comment on my #Bitcoin piece: "The UK GOVERNMENT is a Ponzi scheme, care to do a piece on that scam?" [link]
@holysmoke » 27 Sep '12, 12pm
RT @WillardFoxton: Classic comment on my #Bitcoin piece: "The UK GOVERNMENT is a Ponzi scheme, care to do a piece on that scam?" [link]
@jrpharris » 27 Sep '12, 12pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme via @Telegraph [link]
@Asher_Wolf » 27 Sep '12, 12pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@margotlily » 27 Sep '12, 12pm
RT @lukemcgee85: Is this an online Ponzi scheme? [link]
@TelegraphBlogs » 27 Sep '12, 12pm
Bitcoin 'Pirate' scandal: SEC steps in amid allegations that the whole thing was a Ponzi scheme [link]
@lukemcgee85 » 27 Sep '12, 12pm
Is this an online Ponzi scheme? [link]