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© Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.High court upholds Karpeles conviction for data manipulation
By YURI KAGEYAMA TOKYO©2024 GPlusMedia Inc.
16 Comments
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Aly Rustom
Yep. I agree with that.
Mat
I hope this means there may be some progress in the legal case for the return of the lost funds for customers.
bokuda
It's sad, really sad.
The MOJ is untouchable.
commanteer
Yes. And that cryptocurrency is now worth 10 times more in "real money" than what it was at its peak before the Mt Gox scandal. Sorry you missed the boat.
commanteer
No idea. It's complicated, isn't it?
Instead it loses value. Takes almost $11 to buy what $1 could buy in 1950. But as you said, backing is important. The US dollar's value is almost entirely based on debt and trust, like a Ponzi scheme. It represents nothing real, unless you believe the promises of politicians are real. And it is manipulated and printed to suit those in power. A good crypto cannot be printed. It depends on trust in the code, which has been growing. The government uses its monetary system to control people. Crypto is free of that.
Sure, crypto can crash. But, to date, every single fiat currency has also collapsed. When the dollar collapses, maybe before, people will be forced to go cashless. At that point, every transaction you make will be monitored. Every penny will be taxed. And if you are buying, selling anything the government doesn't like (a book, a movie, maybe tobacco, alcohol or unapproved vitamins or medications), they can stop it instantly. They can freeze your account so you can't spend or receive money. Not even a penny. They will have absolute control over your consumption and activities this way.
Black Lives Matter could be shut down in an instant, for example. Or Sony could seize a large chunk of your money because you downloaded a song without permission. Instantly.
This is one reason why crypto is gaining interest, and gaining value. Most people are becoming aware that their governments and central banks are conning them.
commanteer
Seriously? You believe the government has no obligation to investigate theft? (Number one is just something you made up. There is no demand for that.) You believe that the government's responsibility to the people hinges on the people using that governments currency?
commanteer
The police are government, unless you live in a place where they are privately funded. The article above is an example of the government helping to recover stolen property. I have no idea what you mean by "defining and redefining according to their own convenience."
No disagreement there. I never suggested otherwise. Sadly the government takes responsibility (if one can call it that) for many things it shouldn't be involved in. Free markets for one.
mmwkdw
Someone clearly wanted to accuse him of something, no matter what ?
I guess they couldn't the "Sneezing without putting one's hand up in front of one's nose" to stick.
bokuda
Mark is a gaijin
Of course everybody will take the blame on him.
Same as Nissan, all gaijins are to blame.
Same as CODVID, miall gaijins are to blame.
Stay in your bubble and blame the minorities.