All cryptocurrencies are under the scrutiny of the FBI--it's the FBI's job to monitor darkmarkets, tax evasion, and the like--it's the fact that the FBI is worried about Monero that is the point of the article.
The FBI is singling Monero out for the very fact that its special properties put it on the same footing as two of the oldest and most trusted coins used for illicit activities--this is what cash is supposed to do, this is what capitalism is supposed to do. Good money does bad things. You will never see Washington wince when he's used to buy crack, you will never see him yawn when you buy the morning paper, and you will certainly never see him cheer when you buy an ounce of your grandmother's illicit cataract medication. Good money does bad things, period.
Those people fretting and hand waving do not see (or likely choose to ignore) that real freedom is tied to private money--good money capable of exerting its holders free will at any moment, at any time. Those that say big government has already won, have already lost the will to fight, to do what's right in the face of impossible odds, to be vigorous freemen in a time apathetic slavery. At the end of the day, every man and woman's choice is simple, to be a slave or a master--if you are waiting for the powers that be to validate your investment, you have made your last free choice and will gladly take what's handed to you--and though I will feel pity for you, and can even emphasize with the conditions of your slavery, I will never sympathize with the conditions of your failure to break free and set a new course for humanity in this dark time of surveillance states. If you are waiting for an authority to take you by the hand and lead you greener pastures, you will be continually disappointed that greenest pastures, the choicest venues, the sparkling rivers, the places you always wished you could be, are reserved for those you follow.
The digital world before us is as vast as our imaginations, a land beyond the scope of any nation, no matter how powerful they may seem in the confines of their physical state--they are limited by nature's bounds, constructs of hierarchal determinism, incapable of pondering virtual states of each man his own, each woman her own--it is not by accident that the final battlefield is our imaginations, and the quickness in which some give over their ultimate freedom matches the long drawn out physical history of rule or be ruled, and then the cataclysm of the wisdom that asserts--I have only myself to rule or be ruled.
Hard to say what you mean by that. Best bet is that you haven't been busted, yet. But that may change, because "Good private money capable of exerting its holders free will at any moment" is usually kept in best possible secret and the owners usually don't go bragging about their fortunes, promoting their illicit activities almost every day on public forums. I can't even see how that would help the general cause you're addressing. Its a common issue with criminals. After they got away with their trickery for so long they feel entitled to that outcome, and are utterly astonished when "the law" comes knocking on their doors. I bolded the important part for you. You claim not to know what I mean, and then assert that I have used Monero for criminal purposes--your mistake. My point is that good money (like cash and Monero) is indifferent to whether you use it for legal or illegal activities, but only needs to be fungible to allow you the choice. In the case of Monero, it has been promoted as a better replacement for Bitcoin for mostly criminal purposes, and its success is bound to that fact. Fungibility is just a pretext, all criminals have them.
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All cryptocurrencies are under the scrutiny of the FBI--it's the FBI's job to monitor darkmarkets, tax evasion, and the like--it's the fact that the FBI is worried about Monero that is the point of the article.
The FBI is singling Monero out for the very fact that its special properties put it on the same footing as two of the oldest and most trusted coins used for illicit activities--this is what cash is supposed to do, this is what capitalism is supposed to do. Good money does bad things. You will never see Washington wince when he's used to buy crack, you will never see him yawn when you buy the morning paper, and you will certainly never see him cheer when you buy an ounce of your grandmother's illicit cataract medication. Good money does bad things, period.
Those people fretting and hand waving do not see (or likely choose to ignore) that real freedom is tied to private money--good money capable of exerting its holders free will at any moment, at any time. Those that say big government has already won, have already lost the will to fight, to do what's right in the face of impossible odds, to be vigorous freemen in a time apathetic slavery. At the end of the day, every man and woman's choice is simple, to be a slave or a master--if you are waiting for the powers that be to validate your investment, you have made your last free choice and will gladly take what's handed to you--and though I will feel pity for you, and can even emphasize with the conditions of your slavery, I will never sympathize with the conditions of your failure to break free and set a new course for humanity in this dark time of surveillance states. If you are waiting for an authority to take you by the hand and lead you greener pastures, you will be continually disappointed that greenest pastures, the choicest venues, the sparkling rivers, the places you always wished you could be, are reserved for those you follow.
The digital world before us is as vast as our imaginations, a land beyond the scope of any nation, no matter how powerful they may seem in the confines of their physical state--they are limited by nature's bounds, constructs of hierarchal determinism, incapable of pondering virtual states of each man his own, each woman her own--it is not by accident that the final battlefield is our imaginations, and the quickness in which some give over their ultimate freedom matches the long drawn out physical history of rule or be ruled, and then the cataclysm of the wisdom that asserts--I have only myself to rule or be ruled.
Hard to say what you mean by that. Best bet is that you haven't been busted, yet. But that may change, because "Good private money capable of exerting its holders free will at any moment" is usually kept in best possible secret and the owners usually don't go bragging about their fortunes, promoting their illicit activities almost every day on public forums. I can't even see how that would help the general cause you're addressing. Its a common issue with criminals. After they got away with their trickery for so long they feel entitled to that outcome, and are utterly astonished when "the law" comes knocking on their doors.
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Sure, thats what the big pump started with, when some Darknet markets announced to accept Monero. After all, it could just have been one big honeypot.
i meant whether monero themselves were promoting that. i can't imagine they would. they can't really help who makes use of the project. Yes, if I remember it well they were. But you'd better ask ICEBREAKER, or just read his posts if you bother, he sure knows best all about that.
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Monero promotes itself as a currency for the Darknet, thats what they've put on their flag, small stupid difference here.
have they explicitly stated that? if they have then that's an extraordinarily dumb thing to do. i assumed they used words like 'privacy' and didn't go further. Sure, thats what the big pump started with, when some Darknet markets announced to accept Monero. After all, it could just have been one big honeypot.
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To be serious though I remember back in 2013 they had all those hearings in the US which we all watched being streamed. The thing they repeated over and over is that they would never allow anonymous crypto currency. So it's strange they even took this long to start looking into xmr and ALL the other anon based crypto currencies.
Even if the FBI go full on after xmr and other crypto currencies what exactly can they do about it right now ? how can they stop other nationalities using it between themselves?
I mean the mere fact it is anon or privacy based seems enough reason for them to stop it since they already said at those hearings they will never allow these to exist or operate within the US.
This will go for all all privacy based crypto I guess not just xmr
I think so too. Britain already started an initiative to put a .gov boot on encryption. They could do all about it whatever they want, given their access to each and every major network ASN node on the planet.
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There have been thousands of arrests regarding BitTorrent, all over the planet.
because it was being misused in the eyes of the law, not because someone had downloaded and done nothing with it. there is nothing illegal about using it to torrent stuff that either you own the copyright for or doesn't have any copyright. the prosecutions are about how it was used, not the software itself. BT is just a protocol. If its used for criminal activity the shackles are clicking. Monero promotes itself as a currency for the Darknet, thats what they've put on their flag, small stupid difference here.
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Plain and simple. If they can't control it, they're gonna destroy it. Make it a felony to use it.
it's only software. bittorrent has denied vested interests a ton of money but you don't see anyone outlawing that. it'll be 'closely supervised' and most potential users won't bother any more. You're joking, aren't you. There have been thousands of arrests regarding BitTorrent, all over the planet.
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Plain and simple. If they can't control it, they're gonna destroy it. Make it a felony to use it. The sweet little "network" and the "markets" are infiltrated by law enforcement to a high level, thats for sure. If they start such a case, they're not looking for evidence, they already have it. If they would want to bring down the network, it would take them half an hour or less to completely render it useless. The main holders are well known, because most of the crap is traded on Polo, and not used for merchandise, anyway. So it'll sure gonna end the way all crooked stories end.
Buh bye ...
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LOL! I mean shorting it, even if possible would be pretty pointless at 2 sats, wouldn't it?
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FYI Washington Bill Would Make It Illegal to Pay for Weed With Bitcoin
Cannabis may be among the country's fastest growing industries, but its status as a Schedule I controlled substance under federal law poses an inconvenient discrepancy with more liberal state policies. It's well known that pot businesses have used digital currency, like bitcoin, to work around the issue of banking and use of credit cards, given that most financial institutions, complying with federal law, will not service green industry folk. But now, in Washington state, even that's under fire. State Senators Steve Conway and Ann Rivers proposed a bill to prohibit local cannabis businesses from buying or selling products using bitcoin. "A marijuana producer, marijuana processor, or retail outlet must not pay with or accept virtual currency for the purchase or sale of marijuana or any marijuana product," according to the bill, in which "virtual currency" also includes digital currency. ...more http://motherboard.vice.com/read/washington-bill-would-make-it-illegal-to-pay-for-weed-with-bitcoin
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Yes, POT was gaining some ground recently, seemed to have taken the matter more serious, thus the rise. If the bill is accepted it would be the total show stopper. Fresh from the wire, I expect the dump any minute.
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Washington Bill Would Make It Illegal to Pay for Weed With Bitcoin
Cannabis may be among the country's fastest growing industries, but its status as a Schedule I controlled substance under federal law poses an inconvenient discrepancy with more liberal state policies. It's well known that pot businesses have used digital currency, like bitcoin, to work around the issue of banking and use of credit cards, given that most financial institutions, complying with federal law, will not service green industry folk. But now, in Washington state, even that's under fire. State Senators Steve Conway and Ann Rivers proposed a bill to prohibit local cannabis businesses from buying or selling products using bitcoin. "A marijuana producer, marijuana processor, or retail outlet must not pay with or accept virtual currency for the purchase or sale of marijuana or any marijuana product," according to the bill, in which "virtual currency" also includes digital currency. ...more http://motherboard.vice.com/read/washington-bill-would-make-it-illegal-to-pay-for-weed-with-bitcoin
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okay so you've got a thing for bankster knob. there's no reasoning with the perverse.
Riddle me this Rippie ...
Where can I get a Ripple address? With priv key that only I know. I am sure you're well researched so that direct link is easy to provide.
1. Download wallet. 2. Run on home computer. 3. Got private key.
https://github.com/ripple/ripple-client-desktop
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Shill comments getting more desperate by the hour. Interesting how these mob plays mostly attract the most stupid bunch of people. The chart comparison is amazing, we are just about to enter the capitulation phase now.
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For my taste the concept is pointless. Why de-centralise the web, whats the advantage of that for the average Joe hosting a website. Storage on a public blockchain has too big an overhead. For what? It may have applications for private clusters, but there I'd rather go with SIA. What they came up with so far is rather poor, I tried it and was quite disappointed.
But as a pure speculative investment it is very interesting. Should be part of every portfolio. It will be pumped up big time with every new release, big money behind it, no matter whether its useful or not.
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Ripple is the Illuminati/Archon gateway between the old banking cabal and the freaky new world of crypto. Its very well done though, amazing system, compared to what is in use now.
But to claim its not under centralised control and "the world needs it" is a blatant lie. So far, "they" sold out each and every rally, either "The Lab" or McCaleb.
I don't see why that would change in the foreseeable future. Its just too nice a cow to milk, and the value of the token is totally unimportant to the institutional users. The token isn't meant to be for payment, just for fees, so its in their best interest to keep it in a stable range.
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Oooh, all of the sudden, what happened? Watch out below!
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It smells worse by the hour. And the official solution is to send over your seed to some bo-peep website to get to your keys https://xmr.llcoins.net/addresstests.htmlunless you're kind of skilled and could use a Linux tool. Is that what you'd expect from a coin worth more than $11? First off MyMonero is not Monero so how could expectation from one grow over to the other? Secondly afaik you could also download the whole adresstests thing and do it offline. Ah really? I understood its maintained by this Fluffy Ponzi guy, who is Monero's lead developer, correct me if I'm wrong. And the tool provided is for Linux, nothing the average end user would be able to utilize. Wasn't great adoption something Monero has written on its banner? The OP of this thread doesn't seem to be able to get to his coins even after the site came back online.
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It smells worse by the hour. And the official solution is to send over your seed to some bo-peep website to get to your keys https://xmr.llcoins.net/addresstests.htmlunless you're kind of skilled and could use a Linux tool. Is that what you'd expect from a coin worth more than $11?
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Mymonero doesn't actually control anything. You are free to set up a wallet and get your coins at any time.
Yes, if only the seeds would work. Was anybody actually able to create a wallet from the mymonero.com seeds? The situation leaves plenty of room for speculation. And since this is crypto, I think I already know the outcome.
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