Comments on: The GoldAge Saga - Something Interesting http://hyipblog.nobshyip.net/2006/07/30/the-goldage-saga-something-interesting/ the latest HYIP community updates, from readers, to readers Mon, 22 Mar 2010 03:49:36 +0000 http://wordpress.org/?v=2.2.1 By: Ragnar http://hyipblog.nobshyip.net/2006/07/30/the-goldage-saga-something-interesting/#comment-63011 Ragnar Tue, 19 Jun 2007 17:58:00 +0000 http://hyipblog.nobshyip.net/2006/07/30/the-goldage-saga-something-interesting/#comment-63011 The New York Attorney's office is simply making the digital currency exchange arena much tougher to monitor and supervise, since pushing clients to exchangers that are outside the U.S. (and NY), puts all sorts of questionable transactions outside the reach of U.S. investigators. Not only that, their actions create a demand for decentralized systems where instead of one "GoldAge" doing many exchanges, you will have one hundred people doing exchanges with each other all over the states (much more difficult if not impossible to monitor). In addition, the nearsightedness and hubris of the State to think that they have done any lasting damage or had any lasting effect on this burgeoning industry is amazing. All they have done is created more demand, and taken the ability to see and control and to learn about the industry out of their own hands, a disservice to the people they have been entrusted to protect. All they see is a feather in their cap for making arrests and possibly getting convictions (see Nifong and the Duke case). From now on, if they wish to know about a particular customers' activities, they can try sending a subpoena to some exchanger in Panama or Africa or Indonesia, and see how far they get... The New York Attorney’s office is simply making the digital currency exchange arena much tougher to monitor and supervise, since pushing clients to exchangers that are outside the U.S. (and NY), puts all sorts of questionable transactions outside the reach of U.S. investigators. Not only that, their actions create a demand for decentralized systems where instead of one “GoldAge” doing many exchanges, you will have one hundred people doing exchanges with each other all over the states (much more difficult if not impossible to monitor).

In addition, the nearsightedness and hubris of the State to think that they have done any lasting damage or had any lasting effect on this burgeoning industry is amazing. All they have done is created more demand, and taken the ability to see and control and to learn about the industry out of their own hands, a disservice to the people they have been entrusted to protect. All they see is a feather in their cap for making arrests and possibly getting convictions (see Nifong and the Duke case).

From now on, if they wish to know about a particular customers’ activities, they can try sending a subpoena to some exchanger in Panama or Africa or Indonesia, and see how far they get…

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