|
Title: Going across borders with....knowledge of a private key? Post by: spooderman on April 10, 2015, 12:00:38 PM Seriously, how does this work? (When people are limited to carrying goods or currency in amount not greater than $10,000?)
Is it about "working-to-rule" for us BTCers and wasting (ours) and lots of immigration people's time by telling them that our money is effectively with us all the time? Title: Re: Going across borders with....knowledge of a private key? Post by: Lethn on April 10, 2015, 12:06:57 PM As far as I'm aware they wouldn't be able to do anything in regards to Bitcoin, that said, if you walk up to them claiming you have $10,000 worth of Bitcoin you're probably asking for trouble, best just to go low key and declare anything you have that's physical. One thing I would point out there was acually a guy ages ago that tried crossing into America but they said he didn't have the amount required to stay there even though he had it in Bitcoins.
Because these people are largely dumbasses they likely won't be looking for Bitcoin at all, it's only if you're carrying precious metals etc. that you need to worry about this moment in time, but to be on the safe side, I would actually advise just for the duration of the trip either getting your own private VPS ( I'd consider this the safest option as you, for the most part have direct control ) or putting the coins on a secure online wallet while you travel. Then when you get to where you're going, get out your laptop and then transfer the coins, that may seem silly, but if you ever end up having your laptop or phone confiscated because of mentioning Bitcoin, you'll be glad you did it. Title: Re: Going across borders with....knowledge of a private key? Post by: NUFCrichard on April 10, 2015, 01:04:58 PM One thing I would point out there was acually a guy ages ago that tried crossing into America but they said he didn't have the amount required to stay there even though he had it in Bitcoins. That's pretty funny, and fair enough really! Couldn't he just have traded it for USD then gone in? Surely he couldn't have assumed that his bitcoin would count towards the amount required to stay in the US. If you just keep your private key written somewhere, they will never know that you have it. I also don't know if they would know how to find out how much you had in your account as you travel. It makes bitcoin quite useful for the rich who want to be mobile with large amounts of money, though apparently they aren't buying in too much at the moment! Title: Re: Going across borders with....knowledge of a private key? Post by: countryfree on April 10, 2015, 01:58:08 PM It's just like a credit card! Some cards have a withdrawal limit upwards of $10,000. Only cash is regulated.
Title: Re: Going across borders with....knowledge of a private key? Post by: spooderman on April 10, 2015, 02:59:40 PM ^ gd point
Title: Re: Going across borders with....knowledge of a private key? Post by: pattu1 on April 10, 2015, 04:18:52 PM Some countries have capital controls.
You can't send more than __$ outside the country. Let them try stopping bitcoins. :P Title: Re: Going across borders with....knowledge of a private key? Post by: Lethn on April 10, 2015, 04:54:41 PM Some countries have capital controls. You can't send more than __$ outside the country. Let them try stopping bitcoins. :P Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies. Title: Re: Going across borders with....knowledge of a private key? Post by: Wilikon on April 10, 2015, 05:46:25 PM Some countries have capital controls. You can't send more than __$ outside the country. Let them try stopping bitcoins. :P Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies. It is still hard to fathom the concept of bitcoin not being 'anywhere'. Bitcoin "crossing borders". Bitcoin "overseas", etc. We are the alpha generation of bitcoin, so we are attached to a physical token we need to carry with us all the time. It is hard to remember it. Yet it is not hard to remember our multiple CC pins, online passwords, SS# and phone numbers, any day of the week. Bitcoin needs to get to that same point one day... Until the powers that be give brain scanners to the TSA... This is an important subject. Title: Re: Going across borders with....knowledge of a private key? Post by: H.W.Z on April 11, 2015, 02:41:48 AM It is the beauty of bitcoin, a portable, decentralized, access easy digital cryptocurrency! No matter where you are, the money is safely stored in the BlockChain, no ppl will be able to crack it without the private key! You can access through online wallets or bitcoin client on computer or cell phone!
Title: Re: Going across borders with....knowledge of a private key? Post by: spooderman on April 11, 2015, 09:29:22 AM what an amazing, amazing technology :)
Title: Re: Going across borders with....knowledge of a private key? Post by: pattu1 on April 11, 2015, 09:54:37 AM Some countries have capital controls. You can't send more than __$ outside the country. Let them try stopping bitcoins. :P Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies. They can't prevent you from sending bitcoins overseas. They can restrict your access to it. Something which happened in India a year back http://www.dnaindia.com/india/report-first-time-in-the-country-ed-raids-a-bitcoin-seller-in-ahmedabad-1941187 On Thursday, ED raided the premises of Mahim Gupta in Bopal area of the city who provides trading platform through his website -‑ buysellbit.co.in. During the preliminary investigation, the ED found that it is in clear violation of Foreign Exchange Management Act (FEMA) rules of the country as central bank does not provide permission to indulge in such transactions. Title: Re: Going across borders with....knowledge of a private key? Post by: Lethn on April 11, 2015, 11:12:47 AM Some countries have capital controls. You can't send more than __$ outside the country. Let them try stopping bitcoins. :P Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies. They can't prevent you from sending bitcoins overseas. They can restrict your access to it. Something which happened in India a year back http://www.dnaindia.com/india/report-first-time-in-the-country-ed-raids-a-bitcoin-seller-in-ahmedabad-1941187 On Thursday, ED raided the premises of Mahim Gupta in Bopal area of the city who provides trading platform through his website -‑ buysellbit.co.in. During the preliminary investigation, the ED found that it is in clear violation of Foreign Exchange Management Act (FEMA) rules of the country as central bank does not provide permission to indulge in such transactions. But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about. Title: Re: Going across borders with....knowledge of a private key? Post by: pattu1 on April 11, 2015, 11:16:06 AM But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about. The reason that there are restrictions on buying foreign currency is to prevent capital from exiting the country. In countries where there is a trade deficit, they will welcome inflows but act strictly to prevent outflows. Title: Re: Going across borders with....knowledge of a private key? Post by: Lethn on April 11, 2015, 11:26:56 AM But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about. The reason that there are restrictions on buying foreign currency is to prevent capital from exiting the country. In countries where there is a trade deficit, they will welcome inflows but act strictly to prevent outflows. You're missing my point entirely, in cryptocurrencies it's all wallet to wallet, transferring Bitcoins is no big deal and already it's being used for remittance because you can avoid the banking system, I know all about capital flight and that's why I'm saying I want to see what they're going to do about people transferring money between computers as opposed to anything to do with the banking system or exchanges. Title: Re: Going across borders with....knowledge of a private key? Post by: Spendulus on April 11, 2015, 02:51:04 PM .... That's not even correct, though.But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about. The wallets aren't "in countries" are they? You could send 0.1BTC to a guy in China and his wallet is on a server in Australia. And not even that - his wallet is out on the distributed cloud somewhere, and there isn't even a server on which it's code resides. I guess maybe if the wallet is Bitcoin-QT, then yes, you have sent to the location of that machine with that node. Title: Re: Going across borders with....knowledge of a private key? Post by: Lethn on April 11, 2015, 03:02:47 PM You know what I meant lol :P the point is, as far as I can work out there's nothing that governments can do to restrict the flow of cryptocurrencies beyond actually finding out who the senders and receivers are and arresting them, but that would take a huge amount of resources and effort to do like with filesharing and it wouldn't really be worth the cost to them.
Title: Re: Going across borders with....knowledge of a private key? Post by: spooderman on April 11, 2015, 03:44:36 PM And that's what I love about BTC and other 'disruptive technologies.'
Shitty laws exist, and rather than voting for different politicians (lol) you can just route around them :) i.e torrenting, bitcoining, silkroading etc Title: Re: Going across borders with....knowledge of a private key? Post by: Wilikon on April 11, 2015, 04:42:08 PM And that's what I love about BTC and other 'disruptive technologies.' Shitty laws exist, and rather than voting for different politicians (lol) you can just route around them :) i.e torrenting, bitcoining, silkroading etc Booyaah! (http://www.urbandictionary.com/define.php?term=silkroading) Title: Re: Going across borders with....knowledge of a private key? Post by: rokkyroad on April 11, 2015, 06:47:39 PM Seriously. The less said to border agents the better. Why would anyone bring up their btc worth is beyond me? Probably get flagged as a "person of interest" and hassled every time you cross the border. It would really be dumb to have a wallet on board showing a large amount of btc when you know they can search your devices and ask for passwords.
Title: Re: Going across borders with....knowledge of a private key? Post by: jbrnt on April 11, 2015, 07:43:56 PM You don't need to have a key at all. You just need to remember a few passwords. You can transfer bitcoin before you leave your home country and login to your email account and have information to your other exchanges and online wallets details.
Title: Re: Going across borders with....knowledge of a private key? Post by: spooderman on April 11, 2015, 07:45:50 PM Seriously. The less said to border agents the better. Why would anyone bring up their btc worth is beyond me? Probably get flagged as a "person of interest" and hassled every time you cross the border. It would really be dumb to have a wallet on board showing a large amount of btc when you know they can search your devices and ask for passwords. Yes I agree, but that speaks to reality rather than the imagined society where we have a social contract that we comply with in which we have only advantage to gain by being completely honest and forthcoming with our authorities. Of course the reality is that you say as little as possible and the more time you spend around the police, the more likely it is you'll die. Anyone not retarded and without the inclination to lie to themselves knows this. I wouldn't bring up my BTC, but we now exist in a time where arbitrary lines drawn in our ethical codes are no longer relevant: i.e
Title: Re: Going across borders with....knowledge of a private key? Post by: Wilikon on April 12, 2015, 12:13:09 AM Seriously. The less said to border agents the better. Why would anyone bring up their btc worth is beyond me? Probably get flagged as a "person of interest" and hassled every time you cross the border. It would really be dumb to have a wallet on board showing a large amount of btc when you know they can search your devices and ask for passwords. Yes I agree, but that speaks to reality rather than the imagined society where we have a social contract that we comply with in which we have only advantage to gain by being completely honest and forthcoming with our authorities. Of course the reality is that you say as little as possible and the more time you spend around the police, the more likely it is you'll die. Anyone not retarded and without the inclination to lie to themselves knows this. I wouldn't bring up my BTC, but we now exist in a time where arbitrary lines drawn in our ethical codes are no longer relevant: i.e
No matter our belief, no matter how docile or an anarchist we could be, facing the authority, I have a feeling the general message is: keep your mouth shut if the subject of Bitcoin wasn't pushed. Title: Re: Going across borders with....knowledge of a private key? Post by: pattu1 on April 12, 2015, 08:09:32 AM You're missing my point entirely, in cryptocurrencies it's all wallet to wallet, transferring Bitcoins is no big deal and already it's being used for remittance because you can avoid the banking system, I know all about capital flight and that's why I'm saying I want to see what they're going to do about people transferring money between computers as opposed to anything to do with the banking system or exchanges. They can do absolutely nothing about it. They can only prevent people from buying / selling bitcoins at exchanges. They can only hinder adoption of Bitcoin; they can't really restrict its uses / transfer. Title: Re: Going across borders with....knowledge of a private key? Post by: chmod755 on April 12, 2015, 10:12:08 AM It's just like a credit card! Some cards have a withdrawal limit upwards of $10,000. Only cash is regulated. Exactly. Knowledge of a private key is comparable to knowledge of a PIN for a card. Title: Re: Going across borders with....knowledge of a private key? Post by: Rmcdermott927 on April 12, 2015, 06:28:47 PM As a general rule, saying anything about Bitcoin to any government or financial institution isn't wise. Governments hate it, banks hate it, credit card companies hate it. It's one of those things that is better to leave unsaid IMHO.
Title: Re: Going across borders with....knowledge of a private key? Post by: Sithara007 on April 13, 2015, 03:03:45 PM Some countries have capital controls. You can't send more than __$ outside the country. Let them try stopping bitcoins. :P True. But sooner or later authorities will take some measures so that they can monitor or regulate Bitcoin as well. |