Uhh, yes it does protect you. If you trade using localbitcoin and cash, it is anonymous and therefore you are protected 100%. "unenforceable law", just like copyright law. |
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It sounds more like they are "controlling" centralized fiat exchanges instead of Bitcoin, but don't let that stop a sensationalist title.
Sorry, Charlie, we accept only the finest tuna and your post is not it! New York regulations would cover all exchanges, no matter where they are located because if the exchanges wanted to do any business at all in New York, including sending or receiveing fiat or crypto, the exchanges would have to conform to New York law. My $.02.  Again, you are still talking about centralized fiat exchanges, not Bitcoin. I may be misunderstanding that sentence from the article, so perhaps you could better explain to me just what it means. My $.02. It means they are concerned. That's a far cry from "NewYork to control Bitcoin". They are probably concerned because they realize that they can't control it, so they will go after what they can control, centralized fiat exchanges. New York has no power over anything. Cannabis is illegal here in New York City, but guess what I'm smoking as I type this? They can pass all the laws they want, good luck enforcing them. Cryptocurrency in the near future will begin moving away from centralized exchanges anyway, as they are a weakness. |
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Someone will get to see him!
I didn't even get gox'd. I just hate the bastard for slandering Bitcoin |
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Hopefully tied up naked in somebody's basement with a ball-gag in his mouth, while they decide which dentistry instrument to apply to his body. Something along these lines, I like to imagine: http://www.youtube.com/watch?v=J6l5-Rup-D4 |
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They are different tools in a toolbox.
Ripple and Bitcoin are not competing, but both tools will help pave humanity's way to an oligarch-free, bankster-free future.
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Just lost all respect for OP.
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See my signature you cretin.
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A bank threatened by Bitcoin?!
*gasp*
You don't say !
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Can't even make a secure wallet. Fucking morons.
No amount of security is going to protect a user who is making poor security decisions such as storing Bitcoins on the same networked computer used to experiment with alt-coins. +1 There is no cure for stupidity. |
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somehow someone or something has got into my pc and stole all my bitcoin. Sounds like a personal problem to me. See my signature. Don't come whining here again, or I will be forced to point out all the red flags in your obvious and despicable money-grab of a post.The most obvious indicator that your post is utter bullshit is this, "someone or something". What a dipshit you are. GTFO. Why don't you try spinning your tales on the forums for altcoins? Those people are probably less intelligent than the Bitcoin community. |
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There is no regulated financial industry surrounding cryptocurrencies. There are no laws that will protect them or favor them.
I say bring it on. Let's see what these traders can do on a level playing field without a central bank and their buddies in Congress to bail them out.
My hero.  http://www.youtube.com/watch?v=7f_HsjpSVaI |
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Great stuff! Thanks for sharing!  |
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Because I'm sure we're all aware that due to the nature of random number generators, and implementations, the more widespread the adoption of Bitcoin, the more likely it is that we will see key collisions.
Are we even sure that ECDSA even has an unbiased distribution?
True, one should always speak in relative terms. You have as many chances of having a collision as you have chances of being killed by a 22-carat pure gold meteorite at the time you generate your key. Or of being struck by lightning in the same spot 10,000 times in a row for seven weeks straight. And surviving to tell the tale. |
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Information is power. Never give it away.
The internet & cryptocurrency are the beginnings of a world where this paradigm no longer holds sway. That is the world I want to live in. "As the Americans learned so painfully in Earth's final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master."Free flow of information. Wikipedia. Torrents. Cryptocurrency. Our technology is taking us in a direction away from centralization of power. Away from dictators and sociopaths running our world. Mankind's age of empires is over. The future is about decentralization, cooperation, openness, transparency, and truth. Well said sir. I too want to live in that world. We are building it together, my friend. Right now. http://www.youtube.com/watch?v=yhzNhLgPX9o"We're all here to do what we're all here to do. I'm interested in one thing, Neo. The future. And believe me, I know - the only way to get there is together." -The Oracle |
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There are more possible private keys than there are grains of sand on Earth. Is a collision possible? Certainly. Is it going to happen in your lifetime? Not a chance. The chances of a treasure chest in your yard from a privateer must be many times greater than an encryption collision. So relax, if your key is generated by another peer you can just start looking for the treasure. I think I'm in love with you. |
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Physical Bitcoins  Basically they are coins with BTC encoded in a sticker beneath a tamper-evident seal. They work, it's legit. The problem is, this represents a very real and very serious threat to the status quo, because governments know that once people get their hands on this, no one will bother with clownish fake fiat money printed on paper or plastic. The only reason we use that money now is because governments will harass / sue / arrest / detain / murder us if we try to use anything else. Their power is waning, though. Soon nation-states and their fiat sick joke slave-currencies will both be laughing stocks. Cryptocurrency is a very powerful technology for liberation from government theft. |
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As I watch the situation in Ukraine unfold, my first impulse is that Bitcoin is ideal during periods of instability. After more consideration, I am no longer sure. I definitely think it holds that potential, but a major problem exists: communications infrastructure reliance. Bitcoin, in turn, is effectively reliant on governments and major powers for the networks that enable the decentralized network. Considering the recent internet shutdown in Syria, how would Bitcoin fair? Is Bitcoin utility and integrity at odds with communications infrastructure instability? Natural disasters also have potential to render Bitcoin useless for large groups of users. These are exactly the reasons Bitcoiners need to push back HARD against the laws preventing the creation of physical bitcoins ! Fuck them and their greedy, selfish laws! http://www.youtube.com/watch?v=kqooIX4E0sMWe need decentralized creation of physical coins! In many countries! Anonymously until the laws change!! We did it with Cannabis, we did it with culture sharing ("piracy" [sic]), and now we will do it with cryptocurrency. https://www.casascius.com/Dear nation-state governments of the world, and especially the USA:
We're coming for you and ALL your money, you corrupt federal fucks! We will give you the same mercy you gave the poor of the world: None. |
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Information is power. Never give it away.
The internet & cryptocurrency are the beginnings of a world where this paradigm no longer holds sway. That is the world I want to live in. "As the Americans learned so painfully in Earth's final century, free flow of information is the only safeguard against tyranny. The once-chained people whose leaders at last lose their grip on information flow will soon burst with freedom and vitality, but the free nation gradually constricting its grip on public discourse has begun its rapid slide into despotism. Beware of he who would deny you access to information, for in his heart he dreams himself your master."Free flow of information. Wikipedia. Torrents. Cryptocurrency. Our technology is taking us in a direction away from centralization of power. Away from dictators and sociopaths running our world. Mankind's age of empires is over. The future is about decentralization, cooperation, openness, transparency, and truth. |
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