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Comment British Police (Score 1) 228

This is just "how it works" in real life and is the equivalent of them "asking nicely", common approach is to ignore them politely whilst furiously covering ones arse via some means. However things tend to progress quite quickly after that, one of two things tends to happen:
1) You have a faster means of transport than they do and a better working knowledge of the local area facilitating a clean get away.
1) a) They pop round your "known associates" and ask them deep and meaningful questions about your whereabouts lately.
2) ...or they catch you and give your kidneys a little tickle with a truncheon.

So this seems roughly to be a fairly direct translation to the on-line world. I'd expect the equivalent here to be that either...
1) You make sure you have a diverse infrastructure outside their jurisdiction and a better working knowledge of how the internet works.
1) a) They pressure your advertisers.
2) ...or they pop around your house and confiscate all your kit which you might get back some day in the far flung future, probably without the drives.

See http://www.theregister.co.uk/Print/2013/11/07/feature_what_happens_when_you_arrested_by_computer_police/ for a detailed explanation of what to expect from number 2.

Comment Re:Where is all of this money coming from? (Score 1) 371

"Someone is laundering a crapload of money..."

FTFY

I do ATM and have previously worked for on-line gambling companies, the poker companies in particular fight off, with genuine vigour and intentions, the ceaseless problem of money laundering. Whoever the bad guy doing the laundering is they will happily write off 10-15% losses to innocent players (who may not even realise what's happening) or the odd occasion when an otherwise sure position fails to dump money from one party to another.

Any Americans who are about to saddle up on to a high horse about on-line gambling can pull their boots off as well, on-line gambling just happened to be the most convenient channel for a while and once you've invested there's always some inertia to stay. You could achieve the same outcome by selling overpriced books on Amazon.

That's why governments are suddenly interested in regulating and legitimising the crap out of Bitcoin, the smart people they employ know that if their polical overlords can't centrally regulate the Internet nor agree international tax law then they sure as hell can't stop legitimate bitcoin use. If there's legitimate use then I can promise you that the legal float of capital it generates is being leveraged to hell and back as cover for laundering.

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