r/Buttcoin • • 1d ago

Few understand

Post image
164 Upvotes

34 comments sorted by

60

u/Soggy_Cabbage 1d ago

If only there was some kind of heavily regulated institution where we could put our money.

18

u/A_RAVENOUS_BEAST 1d ago

The whole point of KYC/AML is this, if the original poster had their money in the bank, and some of it came from a sanctioned person, there would be seizure/freezing happening there also. The big exchanges offer none of the supposed benefits of cryptocurrencies while also necessarily carrying with them all the drawbacks of "digital fiat money".

108

u/AmericanScream 1d ago

Definitely getting a lawyer

Ahh.. appeals to central authorities to bail him out.

34

u/NoName-Cheval03 1d ago

Save me big bad government ! Save me !

8

u/ClutchReverie 1d ago

Yeah listen to me when I argue that there is value to these bitcoins that I have to claim dollar value on and ask the courts for real money compensation in damages because they took my buttcoins

2

u/Commercial-Living443 1d ago

In the end they will all crawl back to central government

0

u/Presstabstart Ponzi Schemer 7h ago

Is this really an "own" though? Binance is a "central authority." He had every opportunity to use a DeX + cold wallet which is the whole point of cryptocurrency.

1

u/AmericanScream 1m ago

Everything in crypto involves "central authorities."

The software you're running, whether it's the bitcoin core or some wallet firmware, was written by "central authorities."

35

u/Old_Document_9150 The plot is obvious 1d ago

The freedom of money to go from you to me ... right?

7

u/Voice_in_the_ether 1d ago

đŸŽ¶ Freedom's just another word for nothing left to lose... đŸŽ¶

29

u/Cotton101btw 1d ago

He was laundering crypto, he ended up spilling the beans eventually.
He was sent crypto from Russia, withdrew most and left his cut in the account, sent the cash to Russia and the exchange Binance flagged his account and it’s sanctioned/gone forever.
He had a very sus post history, all his posts were about Russia/crypto/how to not get detected etc etc

26

u/ClutchReverie 1d ago

So he was using bitcoin for a primary use case

20

u/Cotton101btw 1d ago

He was laundering money from Russia to Eu and taking the cash back to Russia.
It’s the same as the old scam where someone sent you a check, you deposited it and gave them some only the cash and kept the rest in your account, check didn’t clear and funds reversed and now you owe the bank what you withdrew and gave away.
He was doing the same with crypto from Russia which is a no no.

22

u/Akili-ndag 1d ago

He's probably a scammer himself. 

28

u/HappyAndVegan 1d ago

This is actually good for Bitcoin unironically. At least they try to stop some money laundering.

26

u/Own-Chemist2228 1d ago

they try to stop some money laundering.

But all the "advantages" of bitcoin are founded on the premise that that there is no "they"

Definitely a bit ironic.

14

u/HappyAndVegan 1d ago

Hey, how dare you insult the Holy Spreadsheet đŸ€Ź

2

u/sainglend 1d ago

Binance to OOP: "spread that sheet cuz we're going in"

Presumably

4

u/ClutchReverie 1d ago

Libertarian heaven is when the government has full power to regulate only what I want in the moment

11

u/UpbeatFix7299 I can't even type this with a straight face. 1d ago

"Not your keys, not your coins". Except when you have the keys engraved and buried under the birdbath but someone robs you anyway.

Future of finance offering innovative ways to lose your life savings instantly.

3

u/OldTimeConGoer 1d ago

Is it always under the birdbath? Asking for a... friend, not an excavator or a spade, a friend yes.

11

u/AffectionateDrag1702 1d ago

Dude writes like an idiot too. Gets a full, professional, explanation. Responds with “I want my money” lol.  

7

u/jdancouga 1d ago edited 1d ago

Hahahaha. I am really speechless. This is beyond dumb. Buttcoin at its finest. The circle of scam.

6

u/John_Oakman Try to convince me! 1d ago

Another day, another liberation of the soul from the chains of fiat.

5

u/Bczarconcepts 1d ago

Insert South Park nipple rub here

5

u/A_RAVENOUS_BEAST 1d ago

Be your own bank*!

(*ownership seized; security guards preventing you from accessing your own vault)

4

u/roma79 1d ago

The beauty of the blockchain

3

u/Affectionate-Let6153 1d ago

Bitcoin is dead once KYC was introduced.

3

u/TheManWhoClicks 1d ago

Let me check my Bank of America account
 yup everything as it should be. Phew!

5

u/YellowBananas123 1d ago

Currency used for illegal operations are being held for being used for illegal operations, news at 11.

2

u/ispshadow 1d ago

This is why I keep a birdbath lawyer on retainer

2

u/BlackSusss 1d ago

This is the feds doing it. CZ went to prison for not doing this in other situations.

1

u/d3arleader 1d ago

This is good for Bitcoin.

1

u/OrbitalLemonDrop 20h ago

"There is no action required on your part"

trx:

"There is nothing you can do about this."