Bitcoin Forum

Will you fight back, or take it in the ass?  :-X

I fight back -> They put me to jail (as they always do) -> I get it in the ass.

No matter what you do: You always get it in the ass ;D

They don't have to pry over your dead hands, just get them out of your computer :(

Cold storage baby!

Depends on what government it was. If it was the Korean government, I'd laugh at them. If it was the US government, I'd take the opportunity to fight and resist in the courts all the way to the Supreme Court to see that bitcoin got as much attention as possible, before giving them a private key to a wallet with 0.001 BTC in it.

Fixed that for you:

You don't actually believe that do you?

You don't actually believe in Prism, do you?

You didn't answer my question. You don't actually believe you'd go to Guantanamo Bay for refusing to give up your bitcoins to a cop, do you? If you want to fight the agendas, you need common sense and cool, not ignorant cultist garbage.

Wake up! This is the country you live in: http://www.youtube.com/watch?v=-Rdi_RNRpdk
The country of the bug fucking liar Obama.

I don't live in the US. Every president is a liar from day one, because they do not control the US or its policies, money does. We aren't talking about corruption, we're talking about common sense. No one in the history of the US has ever been sent to Guantanamo Bay for refusing to give the FEDs a password to a bitcoin wallet. When that changes, let me know so I can agree with you. Until then, it's extremist nonsense that makes the few remaining good people on our side not want to help you.

thats exactly how its done

can all the sofa anarchists please stop it now.

fincen do not control the australian dollar, the yen, the euro, the pound, the rupee, etc etc. they only control the american dollar.

so get your head out of the sand.. fincen only want to regulate the FIAT which places like liberty reserve, bitstamp, mtgox, bitinstant, etc touch.. because its dollars and it involves bank accounts.

they cannot stop bitcoin nor do they want to.

so i personally say. let them control the bank accounts of FIAT to ensure teentrepreneurs (teenage amateur entrepreneurs) with no finance experience dont attempt to open exchanges without licences which ends up with them running off with other peoples FIAT cash.

and leave bitcoin to be free

exactly, it's completely decentralized - as long as you get access to your private keys, you can also spend the currency - and you can store your keys not just online or on digital media, so the "taking away" part is hard to implement - the primary weakness are going to be the exchanges, because they're acting as the interface and they are the "central" and non-anonymous part of the whole system, which is however essential to actually see a crypto-currency adopted.

(note: what i say next is not legal advice, just a tip)
stick to the under 1k FIAT per person per day rule and localbitcoins, bitcoin otc will have no issues as there no ID required and no regulation, as its classed as personal transactions not business transactions

localbitcoins et al are just meeting places, there's no longer any point in using and supporting them once you have a certain network of trusted peers who you can go to to exchange bitcoins at much better rates, without having to pay fees to a 3rd party. Also, they're acting as potential attack vectors for people interested in how much trading you are doing, just think about it: a government agency could definitely figure out who you are by going through the corresponding logs, unless you are only using tor and anonymous mobile phones, and only use cash to settle transactions.

Once you know 10-20 people who are able to exchange 1k-2k USD per day, there's no reason why you shouldn't be able to use them all, if you need to. Each of them will have a fraction of your capital.

I will laugh at them hysterically :D

Imagine a brain wallet.
Police officer: "where are your money? Give us your money please".

After 10 years.
Police officer: "well now we know that you have a passphrase to use your brain wallet. tell us the passphrase, please."
Me: "Oh sure"

my brainwallet will be literally "i invoke my right to silence" with 0.001btc inside

so where they think i am saying i won't tell... im actually telling them.. their just not listening.

but thats all hyperthetical and a comedy moment for you armchair youtube anarchists. that think the world is out to get you at every turn.

in reality unless you personally are doing something illegal you have nothing to fear

actually, most people seem to be concerned even just about having to pay taxes for their BTC. Imagine you had "invested" $ 1k at the end of 2011, and sold in April 2013 ...

What would I do? I'd fart in their face while they kissed my ass. :o

even without the government/authorities being aware of BTC (or other crypto-currencies), you will at some point have to re-introduce your profits back into the official fiat-system, which is when questions will arise, where all that money is suddenly coming from (that is, if it's going through official channels like bank accounts)

This is where something like Bitmessage could come in handy.  With the NSA monitoring all e-mail accounts and cell phones, we'll need to have smartphones with a Bitmessage app on them in order to be able to conduct private, cash-only trades with others in our local area.

I'd guess, once available, that such a system could become popular, not because all btc adopters are necessarily "youtube armchair anarchists", but rather because they want to avoid having to pay taxes for totally speculative income - let alone people risking to see their retirement plans affected because of btc profits, that are highly volatile anyways...

Not if what you are buying accepts Bitcoins as payment..  :D

ok ill take this on as an example of the savvy thing to do

buyng 1k at the end of 2011, id trade bitcoin hard for a week and cash back out within the last 24 hours of the financial year end. withdrawing only 1k. leaving the profits in bitcoin. making financial year end 2011 - flat, no profit/no loss

then day 1 of 2012 financial year id put that 1k back in and trade like crazy all year round. then in the last few hours of financial year 2012 id cash out 1k - again flat for 2012.

then day 1 of 2013 financial year id put that 1k back in and trade like crazy and cash out 1k. i would then go on vacation. buying a cheap rate flight. no suitcases, no extra's.. just a £30 cheap flight to spain.. once in spain check out the local-bitcoins.com website and swap my bitcoin PROFITS for euros. buy myself a hotel room and some nice clothes. and live a happy life on vacation for a few weeks.

once back home i decide do i spend that 1k on real life stuff or put it back into bitcoin to add more bitcoins to my nxt vacation pot. remembering to cash out 1k before year end to stay profit/loss flat

Do you mean take them away from my MtGox account or take them from my personal wallet? One is possible the other one isn't.

What's funny about Bitcoin is there is no logical reason for it to be regulated, controlled or eliminated. LOL

when reading the european banks/fincen reports. it no where says that authorities want to regulate bitcoin. (hopefuly a few smart people read that too and not just took forum post summaries as gospel)

its not their financial products, its not in their remit. and its not in their interest.

what is in their interest is the gateways between their financial product (fiat) and bitcoin, and if they had a 100% solution to crime risks involved around digital transmission of both money and bitcoin. they would see bitcoin actually helps them, which some of the authorities have already noted

First they have to prove you do own any Bitcoins at all.

http://en.wikipedia.org/wiki/Plausible_deniability
http://www.truecrypt.org/docs/plausible-deniability

They will put you on scopolamine and you will tell them.

http://en.wikipedia.org/wiki/Truth_drug#United_States

I'd lmfao

I dont think it will ever happen.

we will invent offline trading

It will not work on everybody. It will not work always.

EDIT:
Actually the wiki article you have given says that always-working truth serum does not exist.
Read first before you copy paste.

Let them have the bitcoins if they want them. They can kill bitcoins they can not kill our idea's.

Right if you are a regular customer on Silk Road, this definitely won't work on you!  ;D

LOL...An attempt would be hilarious

That actually would be funny to see them demand everyone give them their bitcoins.

What I'm talking about is them trying to make it illegal, therefor having bitcoin fail because it would scare the general population away from using it and making it more difficult.

They could force companies like Apple/Microsoft and virus softwares to look for anything to do with BTC and have it disabled.

Yes of course people can get around that, but that doesn't mean the general population will go through all this trouble to.

It would basically form "underground" bitcoin users and in any case it just wouldn't work anymore and I'd call that a huge failure on the bitcoin project if any of this were to happen.

Among many other things, they could easily track down, raid and demolish BTC miners/pools/etc.

adoption would be significantly affected by regulating btc, simply because commercial vendors could no longer afford being associated with bitcoin if it is made "illegal". Only deepweb black markets a la "Silk Road" would not be affected, and would also remain the only places where you could spend your coins ironically...

Why would they take your BTC?... The PTB can effortlessly squish Bitcoin out of existence a hundred different ways.

Funny thing is I remember people saying the exact same thing about guns until all the school massacres happened and now you're a "traitor" if you don't give in, my point is that Bitcoin will be painted in propoganda so heavily by then that everyone who owns them will be labeled under killing-drug-dealing-nazi-pedophile-human-trafficking junkie.

this is where trying to introduce another was legal-now not product fails in regards to bitcoin,

bitcoins don't gt created on farms by anyone. the majority of them are originally from manufacturers funded by governments, making them government products and under government control. hense the requirements for licences etc.

bitcoin is a licence free legal personal possession.. they can't suddenly revoke your licence or inform you they want a recall on their product. its not theirs!!

FYI: you will need to get a hardware wallet for that (preferably a big one), or they won't even notice you doing that ... and you'll have to pick a representative, too.

http://www.amazon.com/Three-Felonies-Day-Target-Innocent/dp/1594035229

in reality, most of us won't embark on illegal activities, but also don't like the idea of sharing potential "early-adopter profits" with authorities just because we were right, I mean it's not like losses would be shared, right ?

It doesn't work that way. If you gamble at a casino and win they get to share in your good fortune (it's taxed). If you lose they don't pay you. The compromise is you can claim gambling losses but only as much as your winnings. Dealing with governments, the best you can ever hope for is to break even.

Well, if the government ever ends up regulating Bitcoin, I will only have around 100 satoshi or so left and they can have that. It's all handily in one wallet.  ::)

Notice: The above is a story of fictitious entertainment and can not be used as evidence in a court of law. 

I read another topic the US financials said they won't be regulating crytocurrency, specifically bitcoin.

...because the NSA and CIA voted against it?  ;D

cold dead harddrive

It is impossible dude. Bitcoin has a magic property: it is highly deniable.

Bingo

If the U.S. government said bitcoin was illegal, the first thing I would do is buy as much as I could afford from all the people panic selling. If I could, it might be hard to find an exchange fast enough, I only like U.S. based exchanges and they may go off-line at such a decision.

Second thing I would do is put all I had into a paper wallet.

Then I would try to find a lawyer and sue the government based upon the first amendment. I believe that using bitcoin is an expression of free speech protesting the status quo banking system.

That would be an interesting court case
We know how the founding fathers frowned on Central Banking so it would be interesting to make the case haha
I disagree the founding fathers would have used Decentralized Banking if it was available or the market will keep manipulating it till its created so they can manipulate it even more ;D
http://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States

a lawyer that takes paper wallet bitcoins

I'd just tell them that unfortunately I had lost all my BTC the day before.

The big advantage of bitcoin is that it cannot be easily confiscated from you like physical properties like your house, your farm, your car, your gold or fiat money. You can chose between die and giving away, and if you chose to die for your bitcoins, the "thief" cannot take them from you, i.e. he needs to alive to take them from you. This is very different from physical stuff where you can just be killed and your stuff taken, and this whole thing makes a huge difference.

........and then there's the aliens they deffinately maybe could be mounting an attack as we speak...........

http://i846.photobucket.com/albums/ab22/1973mb1973/2b6bd896b97061d41f056d49200c9b72_zps91e69576.jpg

Tell me more about how that works out for you while I drive these nails up under your nail beds.

It would not work for me, I would deliver all probably. But you still have the option :)