The Hidden Group Within Bitcoin

it was taken down, when stuff gets taken down. I always believe it.

here is the recovered cache:

The Bitcoin industry is just beginning. I know because I work on the front lines. There are no rules and there is very little awareness about what is actually happening back here. A lot of people like Bitcoin for the freedom loving circle jerk, but the real good stuff is happening in tight knit groups occupied by Bitcoin millionnaires and early-adopters.

I’m talking about a room called the BBA and its secret chat room that requires current members to vouch for you, followed by an interview with the ringleader himself. Even then candidates may not be accepted into the chatroom, as only the elite are apparently admitted which is determined by a background check into your Linkedin, Facebook, and Twitter account.

It was through this group that I met one of the most infamous people in Bitcoin – without saying his name, he ran a very profitable Bitcoin business where people were able to use their credit cards to buy Bitcoin under $20. In 2014 he was arrested and indicted for money laundering – charges that have put him currently on house arrest.

There are also other people in this chatroom, many of which the public has never heard of but have played a significant role in the development, adoption, and launch of Bitcoin, Ripple, Quark, and Bluecoin.

Its through this group that a majority of businesses in Bitcoin are vetted and either a group consensus is reached about the viability of the project or its a failure waiting to happen. There are Wall St Bankers and Traders, Entrepreneurs, CEOs, Lawyers, Publishers, and Developers who are involved – together they are capable of causing a shift in the price of Bitcoin up or down, and even capable of affecting the success of a new business in this industry.

It is in this chatroom where the elite talk about things like the value of the Bitcoin Foundation, the current price of Bitcoin, the latest rumour and current gossip about an upcoming project. I tell you this not to impress you, but to impress upon you that there is a hidden community within Bitcoin – and they are interested in the price continuing upward.

Bitcoin is a free market is it not? There's no rule against mafia-like cabals in a free market, by definition.

I'm not normally one to harp about these things, but that design was really frustrating for me as a reader.