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4501  Bitcoin / Bitcoin Discussion / Re: Do we want to work with money regulators, or keep Bitcoin unregulated? on: June 19, 2013, 10:24:56 PM
“There is a natural order to this world, and those who try to upend it do not fare well.” – from "Cloud Atlas"
4502  Bitcoin / Bitcoin Discussion / Re: The intelligence community on: June 19, 2013, 02:06:21 AM
This is rediculous. Where do all these operatives cash out - MtGox? It's not like they can just buy a yacht with Bitcoin. All the transfers of funds would funnel down to a narrow point of exchange and be visible to the whole world in the blockchain. Yeah, I'm sure no one would notice a $50 million transfer and cash out to buy armament for a puppet regime.
This isn't 1991. You don't need to dial into a BBS to get your FidoNet messages anymore because it grew into something more useful. Bitcoin is adding layers and growing into a more useful internet protocol. The internet itself hasn't changed its basic protocols in decades, and neither will Bitcoin. MtGox will likely be bought by Wal*Mart or some other ubiquitous entity and get renamed WorldCoinz or some such corporate sounding name and have POS systems everywhere they sell cigarettes, gas, and beer.

Look at the post above yours - it still applies.
Yes today it does. Obviously. You wouldn't want to use any form of electronic currency to move $50 million. Only Bitcoin will someday allow you to do it untraceably.

Now that I agree with - someday.
OTOH, when Bitcoin gets to that point, there will be very little need for large amounts of armament.
4503  Alternate cryptocurrencies / Altcoin Discussion / Re: Nitemare Coins! on: June 18, 2013, 11:57:49 PM


easy logo
LMFAO
4504  Bitcoin / Bitcoin Discussion / Re: The intelligence community on: June 18, 2013, 11:50:26 PM
This is rediculous. Where do all these operatives cash out - MtGox? It's not like they can just buy a yacht with Bitcoin. All the transfers of funds would funnel down to a narrow point of exchange and be visible to the whole world in the blockchain. Yeah, I'm sure no one would notice a $50 million transfer and cash out to buy armament for a puppet regime.
This isn't 1991. You don't need to dial into a BBS to get your FidoNet messages anymore because it grew into something more useful. Bitcoin is adding layers and growing into a more useful internet protocol. The internet itself hasn't changed its basic protocols in decades, and neither will Bitcoin. MtGox will likely be bought by Wal*Mart or some other ubiquitous entity and get renamed WorldCoinz or some such corporate sounding name and have POS systems everywhere they sell cigarettes, gas, and beer.

Look at the post above yours - it still applies.
Yes today it does. Obviously. You wouldn't want to use any form of electronic currency to move $50 million. Only Bitcoin will someday allow you to do it untraceably.
4505  Bitcoin / Bitcoin Discussion / Re: The intelligence community on: June 18, 2013, 11:39:59 PM
This is rediculous. Where do all these operatives cash out - MtGox? It's not like they can just buy a yacht with Bitcoin. All the transfers of funds would funnel down to a narrow point of exchange and be visible to the whole world in the blockchain. Yeah, I'm sure no one would notice a $50 million transfer and cash out to buy armament for a puppet regime.
This isn't 1991. You don't need to dial into a BBS to get your FidoNet messages anymore because it grew into something more useful. Bitcoin is adding layers and growing into a more useful internet protocol. The internet itself hasn't changed its basic protocols in decades, and neither will Bitcoin. MtGox will likely be bought by Wal*Mart or some other ubiquitous entity and get renamed WorldCoinz or some such corporate sounding name and have POS systems everywhere they sell cigarettes, gas, and beer.
4506  Bitcoin / Hardware wallets / Re: [PREORDER] Trezor: Bitcoin hardware wallet on: June 17, 2013, 04:12:46 PM
I see the Trezor as mostly useful like a Yubikey with thousands of keys stored. Social networks can use them to securely identify logins and also offer micro payments to play with farm animals.
4507  Bitcoin / Bitcoin Discussion / Re: Will bitcoins become illegal? on: June 15, 2013, 10:32:44 PM


Bitcoins become nonexistent when everyone unplugs all the computers
Please lead by example.
4508  Bitcoin / Bitcoin Discussion / Re: 2013-06-13 Latest from FinCEN on: June 15, 2013, 10:29:17 PM
I kinda wonder why there is any interest in bitcoin. With a market cap of only a billion, it wouldn't pay the catering for the conference.

Because anybody with half a brain can see its game-changing potential. It can subvert the current power structures, which are dependent from financial lobbies that control the usd
They should have thought of that before they let Al Gore invent the internets. They haven't really discussed any game-changing potential, possibly because of the half-brain requirement. If they did, they would be talking about all the beneficial things crypto-currencies offer. Instead, they frame Bitcoin as a foreign currency sponsored by "all kinds of mean nasty ugly looking people."

Again, this "conference" sounds like it's nothing but a lobbyist effort to kill Bitcoin with no evidential reasoning. Hopefully, they will someday focus on administering the network competitively as it is designed rather than fighting it idealistically which they have no moral standing to do so. There are real threats out there now from banks like HSBC that need attention.
4509  Bitcoin / Bitcoin Discussion / Re: 2013-06-13 Latest from FinCEN on: June 15, 2013, 04:53:49 AM
They know they could lose the store but I don't think they have anything to fear. I expect that the "REGULATE ME, PLEASE!" crowd will save them the worry and just hand Bitcoin over to them in their zeal to be compliant.
If this post were from a noob I would take exception. At this point I will scratch my head. My understanding is that it would take a major fork to hand over the keys to regulators. I don't see that happening. Voluntary compliance should be more than enough to satisfy them, especially if they offer monetary incentives to do so.
4510  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App on: June 15, 2013, 02:07:38 AM
No.   A distributed exchange most likely will not work.

Bitcoin was designed from day one to be distributed...  your bank account wasn't.    I don't think you'll find many people willing to upload their bank account info, credit card or traditional form of payment to a distributed system.

Fiat in Bank Accounts is not meant to be P2P distributed...
Meaning random people sending random SMALL amounts to strangers' accounts...
Based on a some network algorithm they trust.

In fact, doing something like this is probably MORE illegal...
Than just running a Bitcoin exchange...
One could make the case it falls under Racketeering and the RICO statutes.


I'm not aware there is anything illegal about using a bank to make private transactions. In fact, the banks do enjoy the fees.

The law in about INTENT. What it is you are intending to do.

And LE is not stupid. They've seen every kind of smartass.

Forming an organized group where the INTENT is to circumvent Financial Regulations...
Is far more serious than running a public exchange with reasonable compliance like CampBX.


There isn't a group forming at all. It sounds more like a decentralized protocol with no person or group of persons in any position of authority. It will be like every back alley and airport restroom where one can freely exchange for goods and services. It will be a steroid shot for Bitcoin.
4511  Bitcoin / Bitcoin Discussion / Re: 2013-06-13 Latest from FinCEN on: June 15, 2013, 02:01:46 AM
I kinda wonder why there is any interest in bitcoin. With a market cap of only a billion, it wouldn't pay the catering for the conference.
4512  Bitcoin / Press / Re: 2013-06-13 San Francisco Chronicle - This Is Litecoin, The 'Silver' to Bitcoin's on: June 14, 2013, 01:09:04 AM
The silver to bitcoin isn't litecoin, it is silver.
4513  Bitcoin / Press / Re: 2013-06-13 San Francisco Chronicle - This Is Litecoin, The 'Silver' to Bitcoin's on: June 14, 2013, 12:31:02 AM
Litecoin has nothing new to add. Bitcoin has all the development and tools. The altcoin is a good experiment, but it solves no problem that hasn't been solved for bitcoin.
4514  Economy / Speculation / Re: Flashcrash this month on: June 13, 2013, 11:42:41 PM
There is only one US official listed as a speaker. This looks like nothing more than a lobbyist soiree sponsored by big banks. The folks with power may be in attendance, but I doubt they will be paying attention to the speakers.
4515  Other / Meta / Will the watchlist put me on a watchlist? on: June 13, 2013, 11:37:52 PM
What's my privacy on this board? I'm not concerned about threads that I post in, but what about the threads I only watch? Who has that information? Is this board's meta-data encrypted?
4516  Bitcoin / Bitcoin Discussion / Re: we're going to be discussed at the world bank 6/14 on: June 13, 2013, 10:14:46 PM
I wonder which is used more for illicit activities Cash or Bitcoin?

There probably is more money laundered into the wall street from any single delaware company than with BTC total.
FTFY
4517  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App on: June 13, 2013, 09:23:21 PM
No.   A distributed exchange most likely will not work.

Bitcoin was designed from day one to be distributed...  your bank account wasn't.    I don't think you'll find many people willing to upload their bank account info, credit card or traditional form of payment to a distributed system.

Fiat in Bank Accounts is not meant to be P2P distributed...
Meaning random people sending random SMALL amounts to strangers' accounts...
Based on a some network algorithm they trust.

In fact, doing something like this is probably MORE illegal...
Than just running a Bitcoin exchange...
One could make the case it falls under Racketeering and the RICO statutes.


I'm not aware there is anything illegal about using a bank to make private transactions. In fact, the banks do enjoy the fees.
4518  Bitcoin / Bitcoin Discussion / Re: Bitcoin Killer App on: June 13, 2013, 06:38:36 PM
Holy Grail Bounty thread
4519  Alternate cryptocurrencies / Altcoin Discussion / Re: Ripple without the ripples? on: June 13, 2013, 06:33:55 PM
Sukrim makes a good analysis and I believe this Ripple XRP is Proof-of-Stake. Open Transactions with Bitcoin will prove far superior though may face unfair regulatory hurdles that TBTF banks do not. Due to the secrecy nature of Opencoin, I suspect their project is a threat to decentralized crypto-currencies and a friend to centralized virtual currencies.
4520  Economy / Speculation / Re: Flashcrash this month on: June 13, 2013, 06:13:43 PM
If it's in references to this thread:
https://bitcointalk.org/index.php?topic=232950.msg2455940#msg2455940

There is nothing to worry about. The virtual currencies used for crimes are plethora and capitalized in hundreds of billions. That problem predates Bitcoin by decades and will continue to avoid Bitcoin as it is far more traceable than offshore virtual banks.
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