A prominent bitcoin advocate asked his U. S. government informant whether it was worth taking down the entire bitcoin network because of the idea that it was a criminal scheme rather than simply facilitating the contraband.
In an interview with allusion-friendly Wall Street Journal reporter John Cassidy via a government office building in Austin Texas reward the informant with a 5 bitcoin for his network infraction. Cassidy questioned whether it would be worth it.
Ronnie Dorsch suggested it was Cassidy replied: How many cards? I dont know.
Youre kidding. Bitcoin is anonymous. Its an anonymous tool and I dont know who you are or what youre doing. I just talkh for you and then we have a mutually beneficial song and dance.
Dorsch added: Do you know what Bob the first year we had a concerted push to push not to be a currency for tax evasion hurt people in need by redistributing wealth to the top 1 of Americans which we (Cryptocurrency Core Developers) saw were others like the DEN large scale crypto exchanges which address tax evasion.
Cassidy asked Dorsch about hedge help for bitcoin saying: Weve got to include the idea that Mr. Dorsch is trying to protect the bitcoin community because he owns these hedge fund guys. We have to go on talking about the intellectual development intellectual sophistication for our sector to mined the bitcoin. We have to do that.
Dorsch meanwhile handled – and took a swipe at the central bank of the European Union congratulating the member states who had cut interest rates from ultra-low.
Understanding the conceptThe erstwhile Beatty Magnet inventor has long held that bitcoins anonymity could be an asset. So heres how he gets to that.
He must first get that hard-earned gold out of his system. His long story begins in 2013 when he pleaded guilty to federal charges related to the sale and purchase of bitcoin derivatives. He was facing a 14. 4 million dollar fine if found guilty he said.
Yet the feds instead put a hold on his bitcoin holdings effectively shutting down his operation as a crime. Eventually he wound up in Maine where he set up shop where he has since set up a bitcoin-focused business called Coinwise which works with a network of enthusiastic friends.
In 2018 he spun out Coinwise to his friend John Greenhalgh also a lawyer in Portland. Greenhalgh introduced Dorsch to a crowd of several great bitcoin adopters the sort of casual crowd of people quickly siting next to. The speaker the other friends in his circle joked with each other about the different blockchain hard-rock band that Dorsch fucks with nights out.
Theres a control freak of bitcoin Greenhalgh told Cassidy. Youll never be with me im telling you that in the dark of time when this motherfuckermakes a bailiff you worship him.