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Bitcoin Sting Operation Nabs Egyptian Dentist (themerkle.com)

An anonymous reader writes:A 30-year-old dentist has been apprehended by Egyptian authorities for conducting bitcoin-to-dollar transactions on LocalBitcoins.com, a popular digital currency trading portal... According to today's post on the Facebook page of The Ministry of the Interior, Mr. Ahmed was captured with $13,900 in cash, as well as a cellular phone and a smart tablet that were used in the trading operation. Authorities setup Ahmed by contacting him about a potential deal on LocalBitcoins, where Ahmed was selling the digital currency for $570 per coin.
The strangest part of the article is "it is unclear what specific law Mr. Ahmed was breaking, as there are no regulations on digital currencies in Egypt."

2 of 121 comments (clear)

  1. Re:Caught red handed! by lgw · · Score: 4, Interesting

    for all intensive purposes

    Surely you meant "for all in tents, and porpoises"

    --
    Socialism: a lie told by totalitarians and believed by fools.
  2. Re:Caught red handed! by ScentCone · · Score: 4, Interesting

    It's one of those phrases that don't mean anything and take up space.

    No, the problem is that it DOES mean something, and that people still go ahead and use a bastardization of it, and in the wrong context anyway - thus making what they are saying that moment meaningless and taking up space.

    "For all intents and purposes" refers to the (described, referred-to) thing's purpose, and the intentions of the person using/deploying/offering/whatever it. The phrase is correctly trotted out when the use to which something has been put is (or is perhaps anticipated to be) wrong ... NOT the intended purpose.

    Alas, it's now right up there "I could care less," when it comes to people uttering syllables that sound vaguely like what someone else said, and to which they haven't applied a moment's thought - to realize they're just making noises instead of communicating what they really mean.

    --
    Don't disappoint your bird dog. Go to the range.