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Venezuelan prosecutors present two captured men accused of “Bitcoin mining” legal fight begins (diariobitcoin.com)

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[–]CHINOCRAZYNAKED [スコア非表示]  (3子コメント)

My cousin is one of the accused, my family is working so hard with the lawyers to fight back! In my cousin's trial he made a masterclass about the bitcoin and btc mining, I hope my cousin he can get out really soon because I admire him so much and he is a good person!!! Please send your best thoughts and good energy so he can be strong!!!!!!

In Venezuela the legal process can take a while so i can do my best to keep you posted!

[–]euleausberlin [スコア非表示]  (0子コメント)

Please keep us informed.

[–]rende [スコア非表示]  (0子コメント)

please document this this for the world. This means record video interviews, take photographs, do audio recordings. It is very important that this is recorded for historical proof. And will be very useful to educate the world on the freedoms, or lack of freedoms, in venezuela. I know this is work, but you might be the only person capable of doing this.

[–]Hitchslappy [スコア非表示]  (0子コメント)

Maybe set up a page for bitcoin donations to help pay for legal fees?

[–]cantletthatstand 42ポイント43ポイント  (17子コメント)

"legal fight"

That's a cute way to describe what will obviously be a kangaroo court.

[–]--__--____--__-- 2ポイント3ポイント  (2子コメント)

Sad the printers want an execution, this isn't a trial

[–]treetop82 [スコア非表示]  (0子コメント)

Yah, not really much to do "legally" in a communist dictatorship.

[–]frankenmint 10ポイント11ポイント  (1子コメント)

English Translation:

Now, the Venezuelan prosecution has led to the Seventh Court of Control.

According to what has been reporting for days, a group of troops from the Bolivarian Intelligence Service (Sebin) stopped Augusto Padrón Celis (31) and Jose Eleazar Perales Gonzalez (46) in an industrial area of ​​Valencia, specifically in an establishment where they had a Bitcoin mining.

So far it has been told that officials seized mining machines and four laptops. The two involved are still held at the headquarters of SEBIN, located in the municipality Naguanagua Carabobo State.

For now we are still waiting for official information. Meanwhile, in various groups in Facebook about users Bitcoin in Venezuela are being discussed all legal references that show that the use of this criptodivisa is not dangerous or violates the country.

Source: NotiTarde

[–]love_eggs_and_bacon [スコア非表示]  (0子コメント)

They will take us one by one in every country for disrupting their money printing scam.

[–]jimmajamma 10ポイント11ポイント  (0子コメント)

Cue Venezuelan Streisand Effect.

[–]Tedskis 10ポイント11ポイント  (15子コメント)

damn, did they even know it was a crime?

[–]gubatron[S] 24ポイント25ポイント  (14子コメント)

it shouldn't be a crime, in fact it seems they're now allowing people to sell USD to one another. They got them because they noticed a huge spike in power consumption, when they found all the mining equipment and asked for customs papers (import papers), they couldn't produce them, so they'll be most likely accusing them of smuggling illegal electronics. But they'll make a soap opera of Bitcoin and how it is used by criminals and try to scare people from mining.

[–]ImmortanSteve 17ポイント18ポイント  (10子コメント)

The country subsidizes the cost of electricity making it attractive for bitcoin mining. However, the government has not invested in or maintained their power plants so they are facing a critical shortage of power. To make matters worse there is a drought which has crippled production at the nations primary hydro plant. It's to the point where Maduro considers this a serious threat to his rule. So now there will be crazy rules to further ration power consumption and I'm sure they will target bitcoin miners as well to reduce power consumption.

[–]aselwyn1 [スコア非表示]  (0子コメント)

The power cost is a annoying factor in minning as alot of countries either subsidies like this or it's extremely cheap like china witch affects the profitability for any cryptocurrency mining witch kinda sucks

[–]devstreetredditor for 12 days -3ポイント-2ポイント  (7子コメント)

well clearly they are abusing subsidized electricity. it's no wonder they are being charged. this is no different from the posts we get on the beginner's sub-reddit from people who have "free" electricity and want to know if they can make money from mining. we tell them that the electricity is not going to remain free if they start abusing it.

[–]_hhhh_ 11ポイント12ポイント  (2子コメント)

Yeah, it's subsidized electricity, but you can't get non-subsidized electricity anywhere. You don't have an option, it's just the normal electricity service. Everything is subsidized here.

[–]ImmortanSteve 5ポイント6ポイント  (1子コメント)

Not only that, but the government abuses the people so badly with failed economic policy that one can consider this to be a way for the people to deflect some of the abuse back to the government.

[–]AlcherBlack [スコア非表示]  (0子コメント)

Ah, the old "You pretend you're paying us - we'll pretend we're working" system that brought down the Soviet Union.

[–]ItsAboutSharing [スコア非表示]  (0子コメント)

You are simplifying the argument to favor the corrupt government. 12 days a member, hmmm....

[–]vladimir-lu [スコア非表示]  (0子コメント)

It's only abuse if they are breaking the terms of their contract with the electricity provider. I don't know these terms from this article, but if they were on a flat rate say then I don't see how that's abuse ;-)

[–]rivierafrank [スコア非表示]  (0子コメント)

I agree 100%. "free" is fine for lets say one antminer s7, or 1300w. There are always people who abuse the good things and ruin it for the rest.

[–]aselwyn1 [スコア非表示]  (0子コメント)

The free electricity is just people either abusing a landlord there parents, or could be on solar at there house where atleast for some have extra they can burn away into bitcoin/cryptocurrency's

[–]Coinsidering -3ポイント-2ポイント  (0子コメント)

Proof of Stake mining for the win

[–]cointastical 2ポイント3ポイント  (0子コメント)

If it wasn't "illegal electronics" it would have been some other nonsense offense.

Was likely a good gig while it lasted though.

[–]neggasauce [スコア非表示]  (0子コメント)

You didn't answer the question though. Did they know it was a crime?

[–]crackanape [スコア非表示]  (0子コメント)

Should have bought some giant air conditioners, plugged them in, but left them turned off until the cops came.

[–]bitsteiner 15ポイント16ポイント  (0子コメント)

Prosecutors present two captured men accused of solving math problems.

[–]Lorrainarterredditor for 2 months 5ポイント6ポイント  (6子コメント)

Feel sorry about them

[–]gubatron[S] 10ポイント11ポイント  (5子コメント)

must be a really confusing and scary situation for these guys. This is a country where a cop can grab you and throw you in jail without due procedure. They'll probably make an example out of them.

They're starting to say already that Bitcoin is sold at a price which is paired to the black market USD price (like everything not sold by the government which has ridiculous price controls that create black markets of everything), they'll also get them because they didn't have any "import certificates" for the mining equipment, so they'd be considered smuggled goods.

Super sad, as Venezuela has a vibrant and truly distributed mining community given the cheap (or let's say stolen) electricity.

[–]DINKDINK 11ポイント12ポイント  (3子コメント)

This is a country where a cop can grab you and throw you in jail without due procedure.

Detention without due process is practiced by the US unofficially too:

1) http://www.theguardian.com/us-news/2015/feb/24/chicago-police-detain-americans-black-site

2.) Guantanamo Bay Naval Base

[–]polycoin 0ポイント1ポイント  (2子コメント)

Not for mining Bitcoin AFAIK

[–]DINKDINK 2ポイント3ポイント  (0子コメント)

That's the problem with indefinite detention, you aren't charged with anything.

[–]johnnygeeksheek 3ポイント4ポイント  (0子コメント)

Yet.

[–]johnnygeeksheek 1ポイント2ポイント  (0子コメント)

This is a country where a cop can grab you and throw you in jail without due procedure.

They were feeling the bern before it was cool.

[–]muyuu 4ポイント5ポイント  (0子コメント)

So they just made up a crime on the spot?

[–]RenegadeMinds 2ポイント3ポイント  (0子コメント)

Batshit crazy is as batshit crazy does. Viva la Venezuela! :/

[–]cpgilliard78 [スコア非表示]  (2子コメント)

It's amazing to see people getting arrested for doing a math problem.

[–]BlockchainMan 2ポイント3ポイント  (2子コメント)

I remeber a while back prople were boasting that they are mining in Venezuela and how great it is with almost free electricity?? So stupid.

What did you think would happen to you in a dictatorship and you are explicitly evading capital controls, laundering money AND abusing the welfare system to help you?

[–]rebalance_investorredditor for 2 months 4ポイント5ポイント  (1子コメント)

Of many people mining bitcoin, they caught two. There's probably hundreds of people in Venezuela reading the story and thinking bitcoin is safer than the bolivar. I expect the net effect of the story will be more bitcoin mining, rather than less.

[–]long-lostfriend [スコア非表示]  (0子コメント)

The Venezuelan Bitcoin group on FB switched it's status to "secret" a few days ago. Mining is pretty widespread among those in-the-know, and it is now illegal to trade bitcoin for any other currency than the bolivar at the official exchange rate. We are going to get a front row seat to see just how subversive and disruptive Bitcoin can really be.

[–]feetsofstrength [スコア非表示]  (1子コメント)

What are the chances of that happening in China?

[–]BeastmodeBisky [スコア非表示]  (0子コメント)

Given it's an authoritarian government, pretty good if and only if they feel they would have something to gain from attacking Bitcoin. No signs of that at all so far though, at least from what gets translated and reported to us outside of China.

Bitcoin is a pretty small fish for them compared to the many other methods of capital flight that they might be concerned with.

[–]forgotmyoldusern [スコア非表示]  (0子コメント)

Its a sad world we live in if you can get into trouble for something like this and people who fucked up economy at the first place are free and rich.

[–]devstreetredditor for 12 days 1ポイント2ポイント  (0子コメント)

I think it's a pretty big milestone for bitcoin when governments start to crack down on it. It was bound to happen one day or the other. Now we get to see if bitcoin can survive. It's a crucial test it has to pass.

[–]BitcoinMichi 0ポイント1ポイント  (1子コメント)

Speechless!!!

http://www.latinpost.com/articles/71424/20150812/maria-gabriela-ch%C3%A1vez-net-worth-hugo-ch%C3%A1vezs-daughter-richest-woman-in-venezuela-worth-4-2-billion.htm

[–]chalash 1ポイント2ポイント  (0子コメント)

highly deflationary currency.

Lol. Can't tell the difference I guess.

[–]daisybitsredditor for 24 days 0ポイント1ポイント  (0子コメント)

sigh

[–]v4vijayakumar [スコア非表示]  (0子コメント)

Anyone stole any bitcoin posters..?!

[–]felipelalli [スコア非表示]  (0子コメント)

Related: http://www.altcointoday.com/venezuelan-men-arrested-mining-bitcoin/

[–]elosiga [スコア非表示]  (0子コメント)

Venezuelans who read this will think it's "mining" on a regular mine; the article doesn't explain what it is. It will only serve to gather attention and Barbara Streisand effect.

[–]meshekk [スコア非表示]  (0子コメント)

pendejos maduros.

[–]hcf27 [スコア非表示]  (0子コメント)

Bitcoin and Ethereum facebook groups on Venezuela went secret and I think miners may think twice about buying mining equipment there.... the problem wasnt bitcoin at first, they cant stop people from trading p2p, the problem is mining as there are some big farms there that contribute to the power shortage... i even saw a video once of a huge farm in Caracas and a guy happily smiling to the camara

[–]BeastmodeBisky [スコア非表示]  (2子コメント)

In a world where Bitcoin nodes are run out of dedicated data centers, is Bitcoin still censorship resistant?

[–]belcher_ [スコア非表示]  (1子コメント)

Bitcoin nodes should be run on hardware controlled by their users, not only datacenters.

[–]BeastmodeBisky [スコア非表示]  (0子コメント)

Gavin and Mike envisioned a future where nodes were only run in data centers and apparently people who support Classic are fine with going down that path. Even though it would be trivial for governments to shut down those mega nodes if they wished to do so.

[–]b0utch [スコア非表示]  (0子コメント)

On what charges? This is ridiculous.

[–]mjh808 -2ポイント-1ポイント  (1子コメント)

Hope people don't believe everything they read about Venezuela, they've been a CIA target for a long time.

[–]ImmortanSteve [スコア非表示]  (0子コメント)

True, but 99% of the damage there these days is the self-inflicted result of failed socialist economic policy.