That has nothing to do with either child pornography, or Bitcoin, at all. The site indicated that the videos are migrating to is the largest (adult) pornography site on the internet and is strictly legal as far as age goes at least, and no cryptocurrency is mentioned.

Yes I thought that perhaps the poster meant this

http://www.bbc.co.uk/news/technology-43485572

An unregulated and possibly untraceable medium of exchange leading to criminal activity............I AM SHOCKED!

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"Sour Grapes make a bitter Whine." <(0)>

Bitcoin really isn't all that bad.
With enough processing power almost every Bitcoin transaction can be traced.

One of the reasons Bitcoin's value has slumped is that once it was figured out how to deanonymize the blockchain transactions, criminals and others with something to hide have been dumping it for Monero and others specifically designed to prevent this.

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Kong if your country is going to charge or regulate mining because of the power used or people are going to whine about the cost of GPU's due to market demand then nobody can complain in your country why ???????

Well for one thing using GPU's to try and find out if something is out there is just as much of a waste of time . The diffence is at least with mining your machine is actually doing something worth while , confirming transactions are real . Seti confirms well that there is nothing out there so you can argue it's a total waste of time ..............

Also you yanks do promote Capitalism is the be all of everything so why are people now whining because the price of GPU's has risen .... YOU BELIEVE IN CAPITALISM so stop whining about the cost of GPU's and amount of power as that can be mitigated by renewables and the GPU's well supply and demand bad luck they cost more :)

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Tulip bulbs ...
https://www.npr.org/2018/06/11/618912309/cryptocurrencies-lose-billions-in-value-after-an-exchange-is-hacked

Cryptocurrencies Lose Billions In Value After An Exchange Is Hacked
June 11, 20181:25 PM ET
The hack of a cryptocurrency exchange in South Korea is being blamed for a sharp drop in bitcoin and other popular currencies, which lost billions of dollars in value. The Coinrail virtual currency exchange was breached over the weekend.

Coinrail isn't a huge exchange – the value of the lost currency is believed to be around $40 million. But the hack added to existing uncertainties in the virtual currency market, and after Coinrail reported losing about 30 percent of its reserves in the attack, bitcoin's price plummeted.

As of midday Monday, bitcoin was down more than 7 percent, to around $6,700, according to the Coinbase exchange. That's a drop of more than 60 percent since bitcoin's all-time high of nearly $20,000, which it reached last December.

Feds ran a bitcoin-laundering sting for over a year

More than 40 alleged dark-web drug dealers have been arrested as part of a sweeping federal effort described by the Department of Justice as “the first nationwide undercover operation targeting dark net vendors.” The core of the operation was an online money-laundering business seized by agents from Homeland Security Investigations and operated as a sting for over a year. By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions.

“For the past year, undercover agents have been providing money-laundering services to these dark net vendors, specifically those involved in narcotics trafficking,” said HSI Special Agent in Charge Angel Melendez, in a press conference earlier today. Melendez led the operation from New York.

The hijacked money-laundering service was offered across a number of different marketplaces, with agents claiming at least some presence on AlphaBay, Dream Market, Wall Street, and others. In the past, law enforcement efforts have focused on taking down marketplaces in full, most notably Silk Road, Silk Road 2.0, and AlphaBay. But Melendez says his office has shifted focus to the individual dealers, who often operate independent of any single site.

“When we take down a dark net marketplace, these criminals will move to other marketplaces,” Melendez said. “So the focus of this operation was really the bad actors, the people utilizing the dark net to sell drugs.”

So far, prosecutions have been launched across 19 states as a result of the operation, seizing more than $3.6 million in cash. The same raids seized large quantities of Schedule IV pharmaceuticals — including 100,000 tramadol pills and over 24 kilograms of Xanax — as is typical of trade on dark net markets. Agents also recovered more than 300 models of liquid synthetic opioids and roughly 100 grams of fentanyl. Further investigations are still ongoing.

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Tulip bulbs.
https://www.upi.com/Top_News/US/2018/07/02/More-than-1000-cryptocurrencies-dead-bitcoin-70-off-record-high/2601530543887/?utm_source=fp&utm_campaign=ls&utm_medium=3

July 2 (UPI) -- As of last month, more than 1,000 cryptocurrencies have failed so far this year, while Bitcoin has fallen roughly 70 percent off its pinnacle from last year.

Data show that hundreds cryptocurrency projects ranging from abandonware to outright scams have failed in 2018 after emerging through a process called initial coin offering, or ICO.

Companies raised $3.8 billion via ICOs in 2017, but the number this year has already climbed to $11.9 billion.

Experts say some of the new digital currencies died because they were scams or jokes.

Digital tokens are considered dead when they are abandoned, scammed, lack nodes and social updates, have too low a volume or developers have walked away from the project.

Try spending an abandoned chain ...

easy take
https://www.reuters.com/article/us-crypto-currencies-ciphertrace/cryptocurrency-exchange-theft-surges-in-first-half-of-2018-report-idUSKBN1JT1Q5

NEW YORK (Reuters) - Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released on Tuesday.

The report, which looks at the global anti-money laundering market, showed that in the first six months of the year a total of $761 million was stolen from digital currency exchanges, compared with about $266 million for the whole of 2017.

The losses could rise to 1.5 billion this year, estimated CipherTrace, which is launching a software to help exchanges and hedge funds that use or trade cryptocurrencies comply with anti-money laundering laws.

“Stolen cryptocurrencies are three times bigger this year than last year so the trend is obviously not our friend here,” Dave Jevans, chief executive officer of CipherTrace, told Reuters in an interview.

He added that stolen virtual currencies end up being laundered to help criminals hide their true identities and avoid arrest, which has resulted in a three-fold rise in money laundering of cryptocurrencies.

For instance, the report also cited concerns about rising criminal activity in the sector from the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), which referred to cryptocurrency-denominated ransomware payments and research showing that $1.5 billion was stolen in hacks of exchanges over a two-year period.

What does China know that the west doesn't?
https://www.newsbtc.com/2018/08/31/china-banned-everything-bitcoin-video-games-seem-to-be-next/

While this is only one of the country’s many crypto-averse moves, it goes to show how adamant Chinese regulators are to stamp the spark that is the cryptocurrency industry.

OOPS!
https://www.reuters.com/article/us-usa-cryptocurrency-sec/sec-halts-trading-in-two-cryptocurrency-products-citing-market-confusion-idUSKCN1LP0TW

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies,

Continuing to try to educate myself on cryptocurrencies -

https://www.newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust

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The mind is a weird and mysterious place

Tulips come home ...
https://www.reuters.com/article/us-crypto-currencies/bitcoin-sinks-as-cryptocurrency-sell-off-gathers-pace-idUSKCN1NV118

NEW YORK (Reuters) - Bitcoin plunged more than 12 percent on Monday, extending falls in recent weeks in a broad-based selloff in digital currencies as sentiment sours.

Bitcoin fell to as low as $3,519.94 on the Bitstamp platform, after earlier falling to a 14-month trough of $3,462,57, and was last down 12.6 percent. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year.

GPUs cheap this year?

Tulips come home ...
https://www.reuters.com/article/us-crypto-currencies/bitcoin-sinks-as-cryptocurrency-sell-off-gathers-pace-idUSKCN1NV118

NEW YORK (Reuters) - Bitcoin plunged more than 12 percent on Monday, extending falls in recent weeks in a broad-based selloff in digital currencies as sentiment sours.

Bitcoin fell to as low as $3,519.94 on the Bitstamp platform, after earlier falling to a 14-month trough of $3,462,57, and was last down 12.6 percent. It has lost 74 percent of its value so far this year, after hitting nearly $20,000 in December last year.

GPUs cheap this year?

And:

Ohio becomes first state to accept tax payments in bitcoin

Beginning this week, businesses will be able to go to Ohio­Crypto.com and register to pay everything from cigarette taxes ­to employee withholding taxes with bitcoin. Eventually, individuals will be able to use the digital currency for their taxes.

https://nypost.com/2018/11/25/ohio-becomes-first-state-to-accept-tax-payments-in-bitcoin/

Hmmmmm

Yes, but I'm sure you still have to pay in dollars not bitcoin, so if the value of a coin falls, the taxpayer has to make up the shortage! Or the taxpayers if Ohio can't turn in back into dollars fast enough. -- That's a red state, throw taxpayers money away on speculation!

Who said all those quoted things, your post does not provide that information therefore it is somewhat meaningless. In order to find out I had to follow the links each of which contained the information which you redundantly posted.

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Is the electron waster dumping several Avogadro's number of them again?

BTW: If you disagree with my quoted opinion regarding Political Party's

Since you qualified your statement with the word many vs saying all I agree.

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OOPS

"...it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018"

I wonder if $190 million is enough to fake one's own death over.... hmmm.

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OOPS

"...it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in India in December 2018"

I wonder if $190 million is enough to fake one's own death over.... hmmm.

It brings up a more interesting issue; that of bit rot. A bit flip in a password file, and now you can't access your own coins. If a root account can get around that, is $190 million secure anyway?