/biz/ - Business & Finance

[Anonymous No.27882016]

And this my friends is why Bitcoin will always have value. No matter how much your government will seethe and chimpout they cannot do shit about your crypto. Fucking based.
https://twitter.com/reuters/status/1357690223187161088?s=21

[Anonymous No.27882112]

>>27882016
>prosecuters have confiscated x amount of bitcoin
>They actually haven't confiscated shit

Imagine being german lol you sirs are idiot

[Anonymous No.27882179]

Nope, they can Chinese water torture or douse his face with water with a cloth over his face to simulate the drowning effect.

You would be surprised at the weak will of ordinary citizens who have never been tortured. It usually ends with a verbal admission to whatever information the captor wants!!

[Anonymous No.27882195]

>>27882112
exactly they confiscated a brick, fucking retards. based scammer tho

[Anonymous No.27882204]

>>27882112
Yeah I had to laugh at that as well. They literally have no fucking idea what they’re doing.

[Anonymous No.27882274]

>>27882112
seriously. unless you have the private keys, all you have is a software wallet that can be downloaded by anyone
>>27882179
>german
the worst they are gonna do is slap his fanny

[Anonymous No.27882297]

>>27882179
yep and the equivalent of that is locking him up forever unless he gives out the password.

[Anonymous No.27882387]

>>27882016
>Bitcoin will always have value
Sure but that won't stop them from shutting down any cash flows in and out of Bitcoin.

[Anonymous No.27882392]

>>27882297
Then he’ll just have to waste the German taxpayer’s money and get comfy in prison.

[Anonymous No.27882465]

>>27882387
As we move more and more towards DeFi products becoming more mature and widely adopted this becomes less and less important. Shutting down things will just be an inconvenience, not a show stopper.

[Anonymous No.27882572]

>>27882016
>confiscated more than 60 million worth of bitcoin
>one problem: they can't unlock the money because he won't give them the password

Are these guys fucking retarded? This is like someone confiscating my computer and thinking they took my emails. No, I can just log into my email from elsewhere. Do they think that bitcorns are something literally physically stored on the dude's laptop?

[Anonymous No.27882606]

>>27882016
If he was smart he would have changed all that BTC directly into XMR the second he got it. The wallet contains nothing and when released he'll just load up a monero wallet.

Simple as.

[Anonymous No.27882637]

then they haven't confiscated it
they dont have his private key so they dont have it

[Anonymous No.27882699]

>>27882606
>>27882572
He has the private key and that is literally all that matters

[Anonymous No.27882730]

>>27882387
Good, we need more P2P inflows.

[Anonymous No.27882756]

>>27882572
>Do they think that bitcorns are something literally physically stored on the dude's laptop?
yes they probably do.

[Anonymous No.27882792]

>>27882016
How is XMR not $20k yet with stories like this

[Anonymous No.27882821]

>>27882572
>Do they think that bitcorns are something literally physically stored on the dude's laptop?
Yes.

[Anonymous No.27882830]

>>27882699
Imagine thinking that there wont be regulation on handing over your private keys for the safety of those around you.

[Anonymous No.27882857]

>>27882699
Yes. that's the point I was making. These retarded fed boomers don't even understand the basic concepts of crypto. They think holding his laptop in an evidence locker is denying him access to the bitcoin. In reality he can just regenerate the wallet and do whatever the fuck he wants with it later on.

[Anonymous No.27882896]

> "confiscated"
> "private key still unknown to authorities"
What even is this clownworld headline ??

[Anonymous No.27882903]

>>27882016
Nice PR for king shitcoin

[Anonymous No.27882967]

what if he has a hardware wallet though>>27882896
>>27882112
>>27882195

[Anonymous No.27882985]

What is stopping them from peeking onto your financials?

[Anonymous No.27883003]

>>27882756
It'll be doubly funny if he moves everything but 69 sats from the "confiscated" wallet to another wallet (or better yet, to XMR) and *THEN* gives the police the encryption password. Then they can open it up and collect their 69 sats

[Anonymous No.27883042]

>>27882016
those boomers are making germans look like complete dumbass

[Anonymous No.27883120]

>>27882985
LOLOL Fraudster?

He was probably an IT techie, worked nights and used the empty computers to mine BTC. LOL what a fucking article. Garbage kike shit

[Anonymous No.27883174]

>>27882857
It's fucking basic mathematics/cryptography !!
It took me all of a few months to learn the basics, and these (((authorities))) still posture as if they have absolute control, while simultaneously admitting they don't understand how it works; I hate to say it, but I just LITERALLY cannot even, like, at all.

[Anonymous No.27883171]

>>27882016
Why do these germans always confiscate and attack people?

[Anonymous No.27883175]

>>27883120
Yeah I was rolling my eyes at “fraudster” as soon as I saw it. Knew it would be something like that.

[Anonymous No.27883491]

>>27882967
In that case he (as a scammer) should have multiple backups in seperate locations (digital/hardware) - this is fucking BASIC shit.

[Anonymous No.27883508]

>>27883174
It's possible they actually do understand how these things work, but they just put misleading press releases like this out there to save face. They want people to think they have the guy's safe, and even if they don't know the lock combo to open it and take the gold, the citizens can at least rest assured that the criminal doesn't have access either.

On this subject, it always amazes me when I see headlines along the lines of "druglord busted, six gorillion worth of bitcoin seized". So either these headlines are complete bullshit and they haven't actually seized shit, or these druglords and terrorists and such all apparently walk around with unencrypted private keys sitting in a text file on their google accounts, or they have their seed phrases written plain as day on a sticky note on the side of their computer monitors.

[Anonymous No.27883540]

>>27882857
And you know someone like that has the private key stored in multiple locations he can get to

[Anonymous No.27883594]

>>27883003
he just holds for 3 years while in prison and his coins now worth 9 figures.

[Anonymous No.27883640]

>>27882967
hardware wallets still have backup seed phrases. If your wallet gets fucked you can still regenerate it with the seed phrase

>>27883540
Do we know if this guy is even still in jail? If I were him I'd ghost these fuckers and move somewhere else to live a new life with my comfy 8 figures.

[Anonymous No.27883701]

>>27882297
in which barbarian country do you live to thinks that's a possibility?

[Anonymous No.27883807]

>>27882016
based and incredibly bullish

[Anonymous No.27883811]

>>27882016
This pump is NOT sustainable!! WAKE UP you FAGGOTS are going to get DUMPED ON hard!

[Anonymous No.27883839]

Lmao I'd just say that I lost/forgot the password and there is no way I can get it back. You can talk to my lawyer from here on out tho

[Anonymous No.27883873]

>>27882179
They're getting out the ol' dusty rack I assure you

[Anonymous No.27883909]

can't they just follow where the money is going when he comes out and moves his bitcoin?

I am sure he will get arrested then for lying

[Anonymous No.27884045]

>>27883839
"Also, I identify as a male in a female body, and therefore I'm going to need an ongoing course of freely provided testosterone, a gym, grooming facilities, 4 healthy meals per day, access to a wide variety of vitamins & minerals and other like-minded brothers to socialise with, cheers cunt."

[Anonymous No.27884058]

>>27883120
*Ahem*! That FRAUDSTER was stealing Mr. Shekelburg's valuable electricity and computing power from his wagie daycare facility aka office building. That naughty goy deserves to be punished!

[Anonymous No.27884158]

>>27883909
He can just leave the shithole known as Germany and go live somewhere else. Problem solved. German government eternally seething.

[Anonymous No.27884195]

>>27883120
Agreed. At first I assumed he was the type of hacker doing ransomware attacks. But having bitcoin miners running in the background of people's computers? Honestly don't give a shit.

[Anonymous No.27884459]

>>27884158
possible, but that's even making matters worse. With that amount of money I won't be surprised if ends up on Interpol watchlist

and by the way INTERPOL assisted in the development of a blockchain analytics tool called GraphSense which supports the tracing of cryptocurrency transactions.

[Anonymous No.27884509]

>>27884459
monero

[Anonymous No.27884513]

>>27883120
there was a guy at my job who got fired and arrested for running a miner in his office for free electric. got caught because a cooling fan stopped working and the thing was howling loud

[Anonymous No.27885122]

>>27884513
Jesus Christ, what law is he breaking exactly?

[Anonymous No.27885224]

>>27882179
Why do you sound like a wikihow post

[Anonymous No.27885729]

>>27885122
some forensic accoutning stuff where they were able to show how mch in electricity he was stealing and they were able to put a dollar figure to it. i forget the amount but it was enough for 3rd degree theft in my state with is a fine and 3-5 years prison. i think he did 2 years with early release. probably got his asshole mined thats for sure

[Anonymous No.27885945]

>>27885122
Computer misuse, and theft of electricity. Imagine if your neighbour was running his house's poer from your meter, and you had to pay for it..

It's theft though, not fraud.