Alleged Bitcoin Founder's Home Raided: APCW Perspectives for 11 December, 2015

[Integrity]

Australian police have raided the home of Craig Wright,
who was recently named as the founder of Bitcoin
by two technology magazines.
Also, there was another hearing on RAWA this week,
and players boycotted PokerStars.

WATCH ON YOUTUBE



Bitcoin Raid: http://www.theguardian.com/technolog...tralian-police
RAWA Hearing: http://online.casinocity.com/article...porters-121432
PokerStars Boycott: http://online.casinocity.com/article...erstars-121336
PokerStars Doesn't Care: http://online.casinocity.com/article...boycott-121454

[TheGooner]

Thanks for another good show - always interesting to view and follow the links.

Bitcoin founder :
If Craig Wright IS ACTUALLY the bitcoin founder and DOES actually have a large number of bitcoins (some of which have been sold for large capital gains) then he probably owes a HUGE amount in capital gains taxes .. likely millions of dollars.

Quoted from that linked story :
The Australian Tax Office ruled in 2014 that cryptocurrency should be considered an asset for capital gains tax purposes.

ALWAYS make sure that the taxman is paid.


Regarding Pokerstars changes :
I'm not really an online poker player anymore - the grinding aspect just doesn't appeal - but I don't see what's wrong with restricting use of 3rd party tracking software. That was ALWAYS an artificial advantage the grinder had over the social player.

And offering less benefits for SuperNova players in future is surely a business "loyalty points" decision that we see being played out in many industries (credit cards, airlines et al). Pokerstars CAN change the rules - and players CAN leave - I'm not sure it's an item for outrage.

[edgarf76]

That is nuts, it was only a matter of time until they caught up with him.

[ocreditor]

Great video JT. Nice hat

[sweetbet]

Very interesting show. Thanks J.T