Ochko123 - How the Feds Caught Russian Mega-Carder Roman Seleznev

Not a novel, but super interesting story about how the Feds caught Russian Mega-Carder Roman Seleznev: [VIDEO]

« There would be more dishonest merchants if the possibility of chargebacks ceased to exist » Yes there will probably be a minor uptick in merchants being dishonest. But I doubt it will be as bad as you make it to be. Many other factors push merchants to stay honest: legal repercussions, damaged reputation, etc. « And to say that virtually no merchant acceptance[1] is an “irrelevant argument” is laughable » Irrelevant was the wrong word. I meant illogical. Your argument is like saying in the early days of Blu-ray that "no one will buy Blu-ray discs because no one has Blu-ray players". « Merchants have little incentive » Second time you say it, second time you are wrong. I already pointed out their main (largest!) incentive to accept BTC is to avoid chargeback fraud. This fraud is a major problem for merchants. They can go bankrupt (eg. [VIDEO] ) or be drawn into costly suits with no way to recover the money ( [LINK] ). Apple Pay P2P will be riddled with roadblocks. For starters most people will not be able to use it as it requires a $500 device (iPhone). I guarantee you there will be transaction limits, delays in access to funds, etc. All things that Bitcoin solves.

Then how was Roman Seleznev arrested and charged under US laws even though he never visited the US, or even a country with an extradition treaty with the US? [VIDEO] [LINK]

Jan Marsalek, of the Wirecard fraud fame, who fled Germany to Russia to escape prosecution, is now suspected to be an asset of Russian intelligence working alongside a ring of at least 5 other spies. [LINK] One of the biggest credit card fraud empires on the planet was run by the son of a deputy in the Russian Duma. [VIDEO]

>I don't think it has much to do with that. Sure it does; Russian police do nothing about credit card theft because (and to the point that) that money is ultimately coming out of Western pockets ( [VIDEO] ). Same as the North Koreans with their industrial-level counterfeiting of USD (to name one example), for the same reasons. Might as well be an unofficial letter of marque.