Roman Sterlingov, the alleged operator of the Bitcoin mixer Bitcoin Fog, has just been sentenced to 12.5 years in prison.

The government is now seizing the little Bitcoin he has left (hint hint that's how your strategic bitcoin reserve gets built), while the Billions of Dollars he allegedly made operating Bitcoin Fog continue to remain unaccounted for.

Here's a primer on the wild story of his prosecution and why it shook the chain analysis space – full story coming when more info on the sentencing is available.

https://www.therage.co/bitcoin-fog-sentencing/

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He’s the new Ross. Well, at least not a lifetime.

Next cycle pardon?

this is why i stay on the margins, in places with weak governments or where the popular will prevails

what they show in the media is not popular, it's what they want to think is popular

what is popular is not being fucked by the Man

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So, like, why are all these early adopter maxis so bullish on this strategic reserve bullshit? I mean, every time someone points out the part in the white paper where it says P2P digital cash, or that the USG literally seized the people’s gold in the 30s, they get shouted down. They make they the BCH and LTC folks look uber libertarian by comparison.

Statecoiners might as well give their UTXOs to governments and corporations at this point

What the fuck

Lo que realmente les fastidia a los Estados es que exista la posibilidad de tener libertad y privacidad!

Todo lo que huela a ello, lo van a atacar!!!

👇👀👀👀👀👇

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turning point

12.5 year of captivity after some bad statistics by chainanal point to your UTXO

horrible precedence

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Se ha condenado a una persona basándose únicamente en un análisis de cadena, sin contar con pruebas adicionales. Se ha demostrado en múltiples ocasiones que estos análisis se fundamentan en suposiciones y carecen de certezas, lo que ha llevado a cometer múltiples errores.

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They've already said that there were revaluing some of their gold reserve and use that liquidity to buy Bitcoin.

"Currently, the Federal Reserve values its gold holdings at $42.22 per troy ounce, a figure established decades ago. Given that the market price of gold is significantly higher—around $2,400 per ounce as of July 2024—revaluing these holdings could substantially increase their reported value. The plan suggests that the Federal Reserve banks would tender their existing gold certificates to the Treasury, which would then issue new certificates reflecting the fair market value. The difference in value would be remitted to the Treasury, providing funds for the Bitcoin acquisition program."

“Tor Ekeland, Steringov's lead defense lawyer stated that he planned to appeal.”

To the Supreme Court if necessary

Can't zap your post...

Wow yea lets blame the government for this guys inability to build meaningful privacy software.

He fucked around and found out, no amount of edgy posting is going to reverse the fact that IF YOU ARENT PRIVATE THE GOVERNMENT CAN AND WILL FIND YOU

NOT TO MENTION THE CURRENT ADMINISTRATION IS STILL BIDEN HARRIS YOU RETARDED WOKE TWAT

TRUMP WON IF YOU CARE ABOUT THIS RANDOM ROMAN GUY WHO FAILED TO PROTECT HIMSELF AND OTHERS FROM THE BIDEN HARRIS ADMINISTRATION, START YOUR CAMPAIGN TO CONVINCE TRUMP OF WHAT YOU BELIEVE TODAY, OR CONTINUE COPING FOR THE REST OF YOUR STUPID LIFE

TRUMP WON BTW LOL DID YOU KNOW THAT?

tried to zap you, didnt work. tried to zap geyser page, didnt work. ill try again later but just fyi you should look into some more reliable options to receive sats via lightning 🤙