E-gold was most certainly what inspired Bitcoin founders to create the crypto currency.
The gold backed currency, E-gold was shut down in 2008 by the US government and it’s founders charged with conspiracy to engage in money laundering and operating an unlicensed money transmitting business.
One should wonder what differences there are between E-gold and Bitcoin since both aimed or aim at giving the ability to one another to transfer funds anonymously without going through the regular banking structures.
In fact E-gold was much better than Bitcoin since it was backed by real gold! This made it a true currency while avoiding the high volatility.
Anybody looking closely at Bitcoin, can not deny it is being used to launder money.
This is common knowledge and this is probably what helped Bitcoin grow before it surged as it recently did.
E-gold founders were actually prosecuted precisely on the basis that they helped laundering money and faced a maximum sentence of up to 20 years in jails before they stroke a deal with the prosecution.
E-gold was an easy target for the FBI since there was an asset to confiscate, the gold which was backing the electronic currency and known founders that were actively promoting their business.
In the case of Bitcoin we know for a fact that it is being used by criminals and very certainly does the CIA / NSA keeps a trail of every transactions.
Now, promoting and advocating openly and publically the use of Bitcoin within the United States, declaring itself as a rather non-negligible holder of the electronic currency, shouldn’t all of the above be seen as conspiracy to engage into money laundering?
Why did we even need to have the Senate hearing a few weeks ago? It looks like the US government dramatically failed and should have clamped down on Bitcoin promoters much earlier.
Maybe China isn’t just about to become the most powerful economy in the world, maybe it is also about to become the number one source of influence across the Globe!
If we consider the Winklevoss have been some of the strongest voices and lobbying activists in order to promote Bitcoin in North America, in which they have openly taken a rather large interest, shouldn’t the American prosecutor start looking into it with the same vision as it did with E-gold?
Is my view slightly far-fetched or is it all about Douglas Jackson not having the same friends as the Winklevoss in DC?