Bitcoin Forum

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After today, there is no doubt in my mind the BTC was created by the government, and will become the new world currency, we all, have been trying to avoid for so long.

What better way to gain support for a New World currency, then by making alot of people rich, and hearing all the great stories about it. Everbody will pile into it, and will make alot of  money in the process. So many people will be happy, and word of mouth will continue to build support for this BTC system.

Wake up, this is it and its only the beginning

Transactions are anynomous on BTC (Thats BS). Everything is linked to an IP adress, and logged onto a blockchain. How do you think they caught and shutdown silkroad.

Sell the citizens this illusion, that there is some new anti-gov currency, that was created by someone so smart we dont know who they are, and transactions will remain anynomous.

Are you people that blind. I know most of you have made  money so wont bother really caring  (The Greed of Human beings is astonishing)

Forget about the GREEDY part of making money. Think about it , very deeply, and thoroughly .

hehe, FEAR the BITCOIN

ok, Nut Job

No they aren't.  They are pseudonymous.  Anyone who tells you otherwise is either uneducated on the matter or is lying to you.


You are mistaken.  There are no IP addresses in the blockchain.


Bad programming, and careless security pratices.

Bitcoins was designed so that we may remain anynomous, right?. Today almost every BTC exchange will or has already begun to ask for ID VERIFICATION. The anynomousity has already been thrown out the window (Quickly). Soon everbody will have to be registered and verified.  (Like Paypal)

The system was designed for you to think your in control, but they are.

Every transaction in the world will be logged that you have to pay taxes-on. (Uncle sam wants ALL its money)

Any Illegal immigrants cant get a job, because they wont have any way of being paid (they cant register to any currency exchange, if there illegal to the country)

The list goes on and on, if you really put your thought into it.

You think this currency is providing you freedom, while in reality,  it will be limiting your freedom

Hopefully your a troll trying to make people sell some BTC, otherwise... Good to know you have at least made peace with the senate hearing.

Without some minds thinking of all possibilities we would all still have nothing compared to what we have today :D

Conspiracy theories are fun!

so who invented all the altcoins then? ::)

sounds like a out of control conspiracy theorist...

there is no evidence that BTC was created by government, the OP is just taking a fallacious jump to a conclusion with no evidence, just "a feeling." please stop spreading bad rumors. it makes bitcoiners look like libertarian extremist nutjobs.

Right. We may remain anonymous, if we so choose and are willing to put in the effort. Ain't nothing in the design that says we will remain anonymous, or that remaining anonymous would be easy.

Explain how.

Uncle Sam can kiss my wagger. It turns out that the world is, in fact, bigger the U.S.

See above.

I have been here for over two years.  I have thought about Bitcoin more than you have every thought.  BTW your nut job theory is nothing new.  Search the archives, this crap pops up every once in a while.

You did get me to post in your stupid thread - so your tolling did work.  Congrats.

actually after today's hearing i thought the same for a bit. the whole thing went just so very too well. almost perfect. couldn't be better. we are all happy from getting rich while the original purpose of bitcoin is being stripped away. the system was designed but been left to be modified in some aspects. by government having negative exposure they sold themselves as against it but now all of a sudden they take control of its juristiction. all these laws they will be implementing would be forced upon other countries - if not then automatic blacklist. as i mentioned here: https://bitcointalk.org/index.php?topic=338106.msg3630356#msg3630356

So many replies and no tinfoil hats yet... weird...

It is slowly, but obvious what the real intentions of creating bitcoin was designed for (More control)

Morbid, Glad to see someone else on the same page and sees things for what they are, instead of just being blinded by the greed.

We are ALL obviously here (at this forum) because we all had the intention of investing.in BTCs, but have quickly come to the realization that this will do more harm than good to our liberty.

BTC has a very nice story behind it- no one knows who invented it, its decentralized, its anynomous, etc. But its just that "A Story"

There has already been talks on this board, that "IF" more bitcoin are needed,they can be created, they can just keep fractioning them down (to infinity).

There's another HOLE in the BTC story for you guyz to think about (unlimited printing with BTC)

And I also agree with you Morbid. The senate hearing went to smooth. Almost as if, they already knew what questions were going to be asked, and they rehearsed the answers.

Alot of people will make a lot of money from BTC (No doubt), but at the cost of there Freedom.

Nothing to fear when it comes to Bitcoin.

What you should worry about is the proposed redlisting and blacklisting of Bitcoins by the Bitcoin Foundation. Now that's scary.

oh my i fear XD

Don't worry, just speculate.

Don't use it to transact anonymously if your beliefs are correct.

haahaah this is an awesome reply!!

the bitcoin growing up to fast

If you don't like the white/red/green/black/etc lists ideas then support Bitcoin fungibilty by:

Demand BIP32 support from every wallet you use.
Demand BIP32 support from everyone who sends you periodic payments (especially mining pools).
Once BIP32 is impemented use it everywhere you can.
Never use a vanity address.
Never reuse any address to send or receive if you can help it.
Mix your coins as often as you can.
Move your hashing power to a pool that supports Bitcoin fungibility and away from pools that support lists.
If you mine on P2P then apply Bitcoin fungibility supporting patches to your mining software.

They may think they are going to implement these lists so let's make it as hard for them to do as possible.

The government can track me...I dont care, I dont do anything illegal and I am fine with paying my taxes. And lets be real here thats all they are worried about. The government just wants to be sure that its populace doesn't find a way to hide their riches and not pay taxes.

+1 Crypto Currency is the only thing they don't have there greedy hands on at the moment.

You work your backside off to give them your taxes and they take it with the left hand and slap you with the right hand (thanks sucker).

As for the OP really ?

Oh look another FUD post by a conspiracy theorist, yep haven't seen one of those before. Please have a seat here next to Alex Jones.

/ignore

i been following bitcoin for quite a while now, took my time to research and get to know the history of it. still, too many things are too vivid. first of all we know nothing of satoshi - ok he had the whitepaper and community sort of helped him to finalise the code but dont you think that there is possibility of it being implemented this way for a reason of creating sense of open source? the fact that idea was sold to bunch of libertarians on basis its anonymous is farce as it very well can be within the code but not within commercialised wallet. record keeping like n s a is using now can easily jeopardise that. as you know this particular government always needs enemies. before they were terrorists with 9/11 as pretext, now we have silk road and like. i mean what details do we know about sr seizure apart from those told to us by government agencies? do we know who dpj really is? where is he now? is he real? this just creates more questions and now usa is doing a "good thing" by letting same banksters to gain control over what we treasure most! - our purchasing freedom and privacy will be more invasive with cash being abandoned. we will be forced to exchange in bitcoins with every detail of transaction documented. its a very slippery slope we are on now and we should not be blinded by the fact we are getting wealthy due to our intellect and curiosity. we must also be watchful and demanding in order to keep bitcoin as free as possible, otherwise the puppeteers will seize control within ten years or even less.

IMHO BTC is GOV friendly and it is more traceable than cash - anything digital is - , it looks like that's the future we are heading , just remember that the US debt is in dollars  ;) , for me that's a plus for BTC ...

Your employer will need your BTC address to pay you, and since the block chain is Open Source (open to the public), wait until all the employers have access to your purchasing history. So they could determine if  you are a responisble person to hire.(In there eyes)

Everybody will have access to all of your transactions because the blockchain is open source to public

And we don't need to.  Why would we care?


A sense of open source?  Do you even know what open source is?  There is no "sense of open source" here.  It IS open source.


Sold by whom?  Nobody who knows what they are talking about said that it was anonymous.  It has always been described as pseudonymous by any knowledgeable educated person.  If individuals failed to do enough research to understand that, then that is on them.  Caveat emptor my friend, caveat emptor.


Commercialized wallet?  What commercialized wallet are you talking about?


What does SR and DPR have to do with this. Why do we care what we've been told about it, or who DPR is, or where he is, or if he's real?


???

What banksters are controlling what?  That statement doesn't even make sense.

First they'll have to figure out which addresses are mine.

Then they'll have to figure out who owns the addresses that I send bitcoins to.

That won't be very easy to do.

You will need to be paid by your employer with your address , right? .Very easily done!

If your somebody who likes to collect firearms, an employer might be scared to hire you.

If your somebody who enjoys to drink alcohol , an employer might not like that.

Employers will know everything you buy , and start judging you, based on your life style

Here is one of my addresses:  

https://blockchain.info/address/1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

It is no secret.  If it is so easy then have at it and see what you can find.  Good luck!

I will give you a clue.  A while back I bought some girl scout cookies with BTC.  See if you can spot that transaction!

They can do that by tracing your Debit and CC usage too so what's your point?

At least CC companies are private, and harder to acquire. BTC is open souce to the public.

Sorry, I use a new address for EVERY TRANSACTION.  It is a simple step that everyone should take.

As such, the employer will know the list of addresses where they sent my pay, but they won't know any of my other addresses.

Furthermore, I can forward those bitcoins I receive from my employer to a random list of new addresses that I create sending a random amount of bitcoins to each address.  As such, the employer won't know which of those outputs are to addresses that I own, and which are payments to someone else whose addresses my employer doesn't know.

From there, I can choose to only do business with entities that use a new address for every transaction.  As such, the employer won't know what I am buying, because they won't know who owns the addresses that I am paying.

Here is an address that I received a bitcoin payment at recently (1AtcerBxCDe3KUWR2HoFJ1BRcJHMARt5Hv).  Please estimate for me the total number of bitcoins that I am currently holding.  Additionally please tell me the owner of any address that I have ever sent bitcoins to based only on knowing this bitcoin address (no cheating and searching the forum for someone that I've publicly stated that I purchased from or sold to).


No, they won't.  But if you are careless, they might do that to you.

Not by looking at wallets and IP's , do your homework.

All we need to make bitcoin completely track-proof is some big money laundering service which can say "fuck you" to the government.

Let's take PrimeDice for exmple. Add internal wallets/balance to that - and there - you have it. Ideal money laundering service.

Kinda like TF's inputs.io , if he hadn't screwed it. Offchain laundering basically. To be effective it needs to be widely accepted and government-proof, maybe even p2p or something.

And CIA can suck on some cock.

You guys are posting in a troll thread, FYI. It's no use responding to it.

I'm fully aware of that.  The conversation is entertaining.

I am just trying to get my post count up to Danny's.  But it is not working because for every post I make he makes two.

But, I do have him beat on my activity number!

Wow, I hadn't realized my post count was so high.

Maybe I need to take a break from bitcointalk for a while  :-\

And here's that second post you mentioned...

 ;D

No need to jump all over my post....

I am an average Joe(Jane).  I am aware of my ignorance when it comes to bitcoin!  

It caught my attention about a month back, so I began researching a bit.  My first thought was "wow, finally, the people are taking back a bit of power (privacy) from the MAN" OR "this will be the biggest misconception on the planet".  

As I learned more about bitcoin, my views changed...several times.  However, I am now back to the opinin that...government must have a hand in this.  As stated, it appears to be going to smoothly. I feel that on the surface it would appear that bitcoin can provide anonymity....really?, cmon?? Am I to believe that the man COULDN'T shut this down asap?  Even I (yes, a walmart shopper lol) can see that long term (once "requirements" are implemented....ohhhh the lovely requirements!!!) we will have given up even more power/privacy.  Those that get in on the ground level (the smart and the wealthy)will simply be appeased and not cause an uprise.  And once this is dumbed down for the average sheep....bam...the gov accomplishes its goal. Hmmmmmm...all the wonderful stories in the media of people suddenly finding new wealth...that would be a real hook for the common folk, wouldn't it?

Uhhhhhhh.....I AM common folk.  The media coverage on the topic is what brought me here!

I have managed to obtain a portion of a bitcoin (took me a month to figure it out lol, and just a poor ol' girl so didn't buy much). My question is...unless I eat a lot of pizza, where bitcoin tshirts, or become a computer techy, what use does my bitcoin have at present?  Hmmmmm...I could just sit on it, and watch it grow!!!!  

Perhaps I'm not such a dumbass hahaha

Again....please don't respond too harshly
Just my opinion!

You don't even know what "Open Source" means, am I right?

At this stage, Bitcoin its definitely better if all the crazy people just sell and leave us alone^^

You are welcome to your opinion. I've looked at the source code, and I don't see anything that indicates a government conspiracy, but it certainly isn't outside the realm of possibility.


It can. But now without significant effort.  Anyone who tells you that bitcoin is intrinsically anonymous is either lying to you or uneducated on the matter.


You can believe whatever you want.  I don't see a cost effective method for "the man" to shut this down, and I don't see anyone making such an effort.  Certainly if extreme resources were put to the task, it would be possible to significantly disrupt the stability of bitcoin and possibly cause users to lose faith.


How exactly would such "requirements" be implemented?


If people allow governments to act against their best interests, then governments can get away with just about anything. Neither bitcoin, nor any other concept, can avoid that.


Perhaps.  Or perhaps the "feel good" story of an "average joe" suddenly discovering unrealized wealth makes for a great story to attract readers.  This in turn sells more advertising at a higher price.  Difficult to say which is the cause and which is the effect.


The uses increase every day.  Bitcon is still in it's infancy.  If someone looked at TCP/IP in the 1970's and tried to determine its success based on what they could do with it at that time, they also wouldn't see the potential.  However, over time, more features are added, layers of interface are added, and eventually you have online shopping, streaming video, voice over IP, and a multitude of other uses.  Bitcoin is likely to be similar.  It is a very low level protocol which will have features and layers added on top of it over time.  The future potential far exceeds the current uses.

Who knows, you might be right.Its a great strategy to make people believe that bitcoin is safe and made to protect their privacy  when in reality they have all the control over it. `

Involvement.....If the government wasn't involved from the get go, Im sure it will only be a matter of time

Shut down.......To prevent bitcoin from becoming mainstream, I don't think it would be a matter of monies, simply FEAR.  Instill fear into the people (in connection to bitcoin) and that would probably do it.  Isnt that usually the MO the government uses?

Requirements....Havent really thought the one through!  But couldn't they simply enforce the "its illegal"  to use bitcoin, unless through a government registered exchange.  And naturally, the exchange would have requirements (KYC).  I know specific transactions cant be linked at this time, but this is in the early stages.  Im sure something will be enforced to make it possible.

Control.........The people DO allow the government to act against their best interest all the time.  Lack of education, lack of thinking outside the box, false sense of safety and security, is what allows it to happen.

Uses........I understand it is still in the developmental stage, and therefore merch/uses, are not really widely available.  My point being...at present, sit and make money!


I am sure I will feel differently 3 months from now(as things change, and I learn more).  But for now, its very interesting, and exciting to watch and see how its going to play out!
I would love for this to be successful, but I feel human "self" and "greed" seems to seep in and fuuk anything good up!  The great part for me, is observing people's varying views on it...as with anything new and unknown.

Fingers crossed!!!!

I fully expect governments to attempt to regulate the exchange of government issued currency with bitcoin, just like they regulate every other use of government issued currency.  It will be interesting to see how successful they are at that, but once a user has completed the exchange, it will be extremely difficult for the government to control how the bitcoin is used.


Certainly.  If a government decides that bitcoin is a threat to their stability, I would expect attempts to create fear of prosecution among it's citizenship, and perhaps even attempts to create fear in non-residents/non-citizens as well. How successful such attempts would be remains to be seen.


Sure.  That seems to have worked really well for drugs, alcohol, peer-to-peer filesharing, prostitution, guns, and (in those goverments that have attempted it) pornography.


This would create an open market for those that don't care about their anonymity, and a "black market" for those that are trying to hide.  Shutting down the "black market" will be about as difficult as shutting down any other "black market" in history.


Yes.  This isn't intrinsic to bitcoin.  You are correct, if the world's population allows any goverment or group of governments to act against them, it will happen.


That it is.  It's going to be a wild and exciting ride no matter what happens.

Is it worth mining other coins and swapping them for bitcoin?

Wrong thread.

Reading through some of the previous posts, I came across TROLL.  OMG is that what I am lol.  Not even clear what that means!!  I like the fact that some post about a different take on things...it creates interesting dialogue doesn't it?  Even if it does come off a bit like conspiracy theory.  We all have a right to our opinions.  Ohhhhhhhhh....light just went on!!....is it about racking up your "post" numbers?!!! haha

I never claimed to be the sharpest knife in the drawer lol

Thanks DH...appreciate your responses, and not being too brutal on me  :)

yeah, that's the that i do not completely agree with. you must understand that people are learning every day. they learn from commercial, from institutions and from govrnment, that is saying money, money, money. everyone with money is successful, everyone with money has a good insurance, life, health insurance, family.

that is all bullshit. you are feeling fine, because you are "programed" that way, from society, from the world around you, when you have money. but money is not a real value for all of people. at least two-third people are in this system, forced to use the money, because they have to live.

Nobody is suggesting that you are a troll, that comment was directed at the Original Poster in this thread (buggrock).

Someone who comes to a forum that exists specifically for the promotion, improvement, and discussion of bitcoin and creates a post that has a subject line of "FEAR the BITCOIN" using capital letters to attract attention, and then goes on to spout unsubstantiated claims about "BTC was created by the government" and "Everything is linked to an IP adress", is generally a troll who is just trying to get a rise out of the members for their own entertainment.  Especially when they've created multiple inflammatory posts recently including comments such as "A lot of BTC exchanges only let you buy a WHOLE bitcoin" and "how will it become mainstream if the AVERAGE person cannot afford it".



That was more of a joke.  I really don't care what my post count is, and I doubt BurtW cares what his is either.


You're welcome.  I always enjoy a spirited conversation.

Open up a peer to peer network for media (music, videos, etc) and you will be hunted ,caught , shutdown and imprisoned.

Open up a peer to peer network for currencies (which could threaten financial markets across the globe) and do nothing about it.

Things that make you think, hmmmmm

Unless of course, you were in on it.

No, only if you post links to torrents on public servers.

Bernanke- Mr President, the financial system is unsustainable at the current printing rate of all Central Banks, collapse is  enevitable, people are starting to panic and are buying up all the precious metals for protection. We need to create a new financial system without panicking the world.

Obama- Any suggestions

Bernanke- Yes, We have created a vitual currency, We will anynomously publish it (satoshi) on the internet with some instructions (whitepaper). It will be an open source (Public) system, so that it will grow on its own, it will seem like we had nothing to do with it, when  the public begins to convert all of its fiat into the new digital system, we will hold a hearing on the matter of virtual currency and support it then (problem solved).

Obama- Interesting Idea, But we will have to encourage the public (Covertly)  to switch over to the new system, without upsetting anyone.

Bernanke-  Just make alot of poor people rich in the proccess, and no one will get upset.  The lower class loves get rich stories. Once alot of people become rich, the sheeple will follow in and put all there money into the new system, in hopes of getting rich too.

Obama- Hmmmm, But how will we (The Goverment) Take control of it.

Bernanke- Well sir, We can setup a website (Silkroad) and encourage illegal activities on there. Once the media & public begin to put alot of money & attention into this new currency system, we will shutdown the illegal website, and announce a (Fake)  arrest in the media . Its important that you tell the media that digital money was being used for all there illegal transactions, including some terrrorist activity, we can use that (Fake) arrest  as a platform for a senate hearing and putting-in the government regulations.(Control)

Obama- Sounds good, Tell me more.

Bernanke- Well Mr. Obama its very easy. Opening a virtual account will become like opening up a regular bank account. At first you would not need ID verification so that the public feels  corfmtable, and free, but as the system becomes simplified and mainstream (To Protect the Public from fraud, terrorist, and suspicous activities) , you will be required to verify every account to an identification, just like a regular bank does, this will become our new banking system.

Obama- Ha Ha Ha, to protect the public  from fraud, thats how we will take control (Regulate it), thats a good one.

Bernanke- Am not finished sir, Because the system was created as an Open Source (Public) system. Will have access to every transaction made in the world.We will know what everyone does . (TOTAL CONTROL), Employers can see what there employees do, Spouses can see what each other do. We will create a virtual (open source) society that we can have access to, nobody will be able to do anything without us knowing about it.

Obama- Your Brilliant Benny, Great  Idea

Bernanke- I know you didnt hire me for my looks sir, Ha Ha Ha Ha

Obama- Sure didnt, Haha hahahaha

@buggrock
Nice one, but there are ways to fight CoinValidation.
Bitcoin makes sence only as anonymous payment network

Nice text, Bitcoin could be actually an Orwellian instrument that would allow governments to monitor all financial transactions.

Oh dear *facepalm*

Google 'open source' , read, learn, become wiser,  you're welcome ;)

Bitcoin an Orwell or Government experiment...? Nooooo...
But anyhow who needs Mixing services - has the choice to do so, who needs traceble transactions - has the choice to do so and be in the blockchain forever with his particular transaction.

But isn't the Bitcoin environment is a wonderful playground for University Micro- and Macro-Economics professors to do different kinds of studies about market behaviour, pricing theory (here: exch.rates), fraud risks and assessments, dont you think?
And so far as the Bitcoin world itself is unregulated such a field study could be really giving interesting outputs...

The pricing "bubble" (  ???  ) we are going through these days and the opinions of users here at Bitcointalk are a very nice study object too.
I am quite disappointed I have a daytime job and can't fully follow this economics more deeply at the moment.

Anyhow it's a great thing we are going through.  Am glad that I was born into the late 20th century!
Remember: as long as it doesn't impact your health, your love, your family - it's just economics, just money, just Bitcoins.  ;D  So let the experiment rise to become a true living environment.

R.

Btc created by gorvement?
Most stupid thing i ever heard....

Obama - But what if they each run their own copy of the protocol and keep their addresses secret and encrypted on their computers?  Without any "accounts" anywhere, how will we enforce identification?  That would be like trying to enforce identification on every physical wallet in every pocket or purse of every citizen.  I don't think that's going to work.

Bernanke - Hmm.  I assumed that companies would create bitcoin banks and that everyone would just deposit their bitcoins into the "banks".  You're suggesting that since the protocol is open source, anyone that wants to can simply secure their own funds and make electronic payments without need for a bank?  That's going to be a problem.  Oh well, so we loose our ability to take control.  At least we still abandon the current unsustainable fiat system.  I guess people will be happy that they gain freedom in addition to confidence that their savings won't be inflated to worthlessness.


Obama - But, we since we won't know who the addresses belong to, it will be difficult to identify who owns what or where they are spending it.  We can still use our subpoena power to track down transactions just like we do with traditional banking today, but we won't gain any magical ability to "know what everyone does".  Since employers and spouses won't have subpoena power, anyone who is reasonably careful will still be able to maintain their current level of privacy.

Bernanke - Hmm, I guess you're right.  The ability of anyone to create a new address anytime they want and to control who they give that address to, along with the lack of any personally identifying information in the address itself does make things difficult to track.  I guess it won't make it easier for us to know what people are doing, but at least it won't be much worse than it is right now. Law enforcement will still be able to subpoena the records of companies that send or receive bitcoin if a need arises.


FTFY.

That's exactly what went through my head. :)

What do you think, long term wouldn't this be possible for the government to do?....

Couldn't a system be put in place where the currency would have to go through an exchange/service, where it would then become deemed verified/stamp of approval/marked/legal, etc (have all necessary measures in place to track).  Then at that point the owner would have his "pre-approved/validated" coin, and could spend it mainstream on whatever merchandise or services he wanted. 

However.....if it was NOT approved(gone through the system) it would be red flagged and NOT accepted. 

So you could have millions (secretly) but not able to spend in a practical way.  I guess it would be fine if you were a whiskey drinkin, gun slinging, drug smoking, yada yada, type of person.  Black Market.

I don't know?!!!....think I am spending too much time on this forum hahaha.  I have things to do!  Geeeezz...the bitcoin topic can be addictive cant it?

my mind on my money and my money on my mind
-SNOOP

Those blacklisted millions would have much less value than whitelisted ones. So it would not be fine in any case. Can you pay with fake(counterfeit) money on real black markets?

There are things that you can do right now and things in the works that will prevent this scenario:

You can stop using vanity addresses (I have)
You can stop reusing addresses (always use a new address for each transaction and change)
Demand the implementation and use of BIP32 system wide for all periodic payments and "static" address uses
Support the implementation and use CoinJoin (already implemented on blockchain.info so use it)
ZeroCoin, maybe but this requires a fork in the blockchain
If you are a miner use a pool which discourages address reuse with the Luke-Jr patch

Summary in my signature here:

It's not anonymity that is in stake here. Bitcoin isn't anonymous anyway.

I do not FEAR the BITCOIN , i buy / sell them.

What if this forum is also under goverment control and someone of us...?! Oh, my!
Seriously, we will never know the truth.
Just take it easy.

i think that all will end in BTC War as a new world war III

So, uh, why would 'the government' (what does that even mean) create an inherently deflationary currency when such encourages hording rather than circulation - which totally undermines contradicts capitalist ethos and thus the value of the money supply, fiat, which is the basis upon which the value of Bitcoin is derived?

A lot of fear mongering here I'm afraid...

i sell BTC and get money to my paypal. and i can withdrawl money to my bank account.. BTC is a great bussiness. dont affraid of BTC  ;D

Thanks BurtW.....

However, I only understand the obvious 2nd point (lol)..."don't re-use addresses"
Do I assume VANITY addresses refer to random addresses made just because a person can?

Uhhhh time for more homework! So wish I understood the terminology!  I will definitely research what you have suggested.

Yes, the people in power need always new ways how to save wealth. The fact it might be anonymous is plus

"fear mongering"?? ....

I think the original poster makes some valid points (I don't necessarily agree with ALL of them).  Shouldn't we be questioning (and drawing our own independent conclusions), as it appears there is still a lot that is unknown.  For myself, I wont be jumping in with both feet and wearing blinders.  It seems to me that no one can say for certain what the future of bitcoin will look like...that's whats so exciting about it (or scary, depends on your views)!!  Guess we can only speculate, and be hopeful at this point.  Meanwhile....a whole lotta bucks are to be made! 

An example vanity address is my old vanity address which I am phasing out and no longer using:

1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

You see them all over the place.  It is an address that was generated to have a human readable portion.  

The issue is that by its very nature it is created to be reused and tied directly to something - in this case my username on this forum.

What if you generate a lot of vanity address starting with 1BurtW and use every just once. You will cheat the no reuse address rule, because everytime different address, but you loose privacy anyway

If the government made BTC for anything it was to decrypt hashes for various encryptions. Ever think what your miner is really "solving"?

We know exactly what the miners are doing, especially all the ASIC miners as the ASICs are designed to do exactly one specific task.  

Stick around and learn a bit more.

Yes, that could be done.  It is an interesting thought.

And so it begins....

http://www.coindesk.com/canada-revenue-agency-tax-rules-apply-bitcoin/

I am all about paying my taxes (its necessary), but within reason, and accountability


I hope the "smarties" can out smart "them" just a wee bit!...that would be awesome!

It's not tied by any means with your username let alone with your true identity.
Everyone can create vanity addresses starting with 1BurtW.
I can create a vanity address 1BillGates. That doesnt mean that what i do is tied with Bill Gates.

You sir are correct,SATOSHI is actually a name of a super-secret project and stand for "Stepped-at-that-old-shit-hadn't-I and they are plotting a trap for people to start using BTC's and then making it the main currency of the world for their own selfish and EVIL Gains (SATOSHI Nakamora is currently almost confirmed to be George.W.B).
Getting paid by ripple-labs :P

I just want to make sure you people think about, what Btc stands for is not true .

This is your Total Freedom gone people!

Alot of you support it, only because of the thought of profit.

Alot of others on here, Ive noticed, like bitcoins because it was sold as an anti-gov., anti-bankster solution, that also kept your identity private.

Well the gov. is already getting involved in it (thats out the window)

Every exchange will/ or has begun to ask for ID verification (your privacy is already gone)

Banks were disliked because of all the huge debts they have created with deravitives (They buy 1 thing, and break-it-down) that are then sold off into a million different pieces (fractional banking).

Its funny because that what BTC really is, you but 1 BTC, in hopes of breaking it down into fractions and selling them off at a profit.

Its a derivative derived currency

Everybody hated the gov. & the banking system because of there greed, but now that you could make some money, its okay to be greedy.

You have become, your own enemy.

...and the only addresses allowed from God Govs would be those starting with 1slave  ::)