is it possible to get money out of Darkcoin without identifying yourself? (I assume not) you can use as many VPNs as you want, unless you want to use something like localbitcoin, which is unreliable, then you need to identify yourself. The sentries are standing at the point when you move between BTC and 'fiat'. with a decentralized exchange it's very easy to circumvent these laws. https://nxtforum.org/asset-exchange-62/how-to-make-your-own-local-fiat-exchange-with-nxt-ae/-bm |
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If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?
most of the exchanges have your personal info and certainly they share that info with various authorities. You can then use this data, perhaps correlate it with other databases to determine the ownership of Bitcoin accounts. I'm sure it's very easy to correlate a Bitcoin address to a gmail account or facebook account and these days that means they might as well have your passport. Darkcoin does not have much to their claims about a privacy implementation. -bm say the exchange was signed up for with a safe-mail account that was never used again and the exchange was only accessed through orbot on a cell phone in a false name. Cashed out at an ATM. Any better or does it make any difference? it's illegal to run an exchange like that in most of the Western world. The basic requirement for being Money Transmitter is agreeing to the legal responsibility of identifying your customers. -bm |
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Patrick Byrne had shown many times that the REAL wall st. is a scam and unless you're in on this scam you cannot raise capital.
I don't think I need to explain here how the US Dollar and the Euro also have similar biases.
-bm
Akin to the Amish having a cottage industry set up based on their ideals to help feed their families, until a light bulb went off in some investor's head, and suggested, "Nice little brand you have going on here..." Then it was neatly packaged to other investors, to now we have Amish-crafted products produced in China, et al. I think they've already done that, it's called Walmart.  -bm |
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If you had funds sent to the deposit address on your account on an exchange, how likely is it the account could be discovered to be yours if someone was watching the transaction closely? If you buy darkcoin for instance, then sell quickly is it still possible to trace to your account on the exchange?
most of the exchanges have your personal info and certainly they share that info with various authorities. You can then use this data, perhaps correlate it with other databases to determine the ownership of Bitcoin accounts. I'm sure it's very easy to correlate a Bitcoin address to a gmail account or facebook account and these days that means they might as well have your passport. Darkcoin does not have much to their claims about a privacy implementation. -bm |
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Patrick Byrne had shown many times that the REAL wall st. is a scam and unless you're in on this scam you cannot raise capital.
I don't think I need to explain here how the US Dollar and the Euro also have similar biases.
-bm
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The interesting question here is what percentage this fake money accounted for out of the fiat flow into the Bitcoin market. We're talking about ~half a billion fake dollars that Gox printed - how much real money entered the game during the latest price increase?
have you ever played the game 'Musical Chairs'? It's very similar, and they know when the music is going to stop. -bm In what way does this answer the question? I just explained it above- they create 'spin' on the market, but there are only a limited number of 'winning' seats and they make sure you're not sitting in one when the music stops. -bm |
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That Willy article, while entertaining, is full of holes.
The main question is unanswered? Who did it and for whose benefit?
for whose benefit? here's the con game: 1) insiders and major stakeholders create front companies that look like impartial exchanges. 2) they pump up the price by making it look like sales are happening with money that isnt there. 3) greedy dumb people(90% of bitcoin people) think they can make money so they get in. 4) the original group now takes their money out of the system and they are left with a temporarily valuable asset which they then sell off(to the dumb greedy people). it's so obvious this is going on, and it's the oldest game in the book. Now we've got 'suicides' happening among the management of some exchanges? time to smell the coffee. -bm ps. NXT is it's own fully auditable exchange. you can actually short NXT itself from within NXT. |
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The interesting question here is what percentage this fake money accounted for out of the fiat flow into the Bitcoin market. We're talking about ~half a billion fake dollars that Gox printed - how much real money entered the game during the latest price increase?
have you ever played the game 'Musical Chairs'? It's very similar, and they know when the music is going to stop. -bm |
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eventually, someone is left holding the bag. -bm
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2) I think Willie accelerated and pushed the envelope higher than it otherwise should have been, but remember, the other exchanges did naturally achieve these prices on their own. Bitstamp and BTCe were both over $1000 and China actually outpaced Mt.Gox during the November bubble. Think of it like them starting a fire, they provided the kickstarter and everyone else brought the jet fuel.
The exchanges are all going to be very close to each other in price (assuming of course you can get money in/out of each). Anything anything of them does to force the price up or down, is going to be mirrored in every other exchange whether they like it or not to a degree, but the prices need to reflect real demand. Eventually this sort of activity results in a collapse. In the meanwhile the market is characterized by speculators cheering the price, which is precisely what we see with BTC. -bm |
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2) I think Willie accelerated and pushed the envelope higher than it otherwise should have been, but remember, the other exchanges did naturally achieve these prices on their own. Bitstamp and BTCe were both over $1000 and China actually outpaced Mt.Gox during the November bubble. Think of it like them starting a fire, they provided the kickstarter and everyone else brought the jet fuel.
If Gox fraudulently inflated the price to $1000 then of course the other ones were going to be dragged up alongside it. If they didn't, there would be huge arbitrage opportunities of buying coins everywhere else and selling them on Gox. the disparity in prices between various exchanges has been pointed out many times, and it's one typical indicator of market rigging. -bm |
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maybe it's happening in more than one exchange. perhaps even someone had insider knowledge of this, perhaps she was operating one of these exchanges, and threatened to publicize this information? -bm |
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YourLogicalFallacyIs.com?the creator of that site must be real fun at parties.-bm
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rearranging the deck chairs....  -bm
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note that this post is written by someone with ostensible investment in the bitcoin mining industry.
-bm
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The simple fact is that achieve a USEFUL consensus in a transaction network, the participants must have a significant stake in that network.
One (primitive) way to achieve this is to show your computational power. One cannot fake hashing power. It must be procured in some way at a cost.
Another model is called PoS(Proof Of Stake), the user shows a stake in a digital asset as proof to their identity.
-bm
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The nutty thing is if you read the xrp forum, many are talking about doubling down, loading up on xrp while it's cheap.
Such good sample. Much potential for retrospective rationalization. Quoting that one for future reference. what do you mean? you don't speak Doge?  -bm |
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no that wasn't me. I basically determined early on that Ripple had no organizational appeal, got tired of arguing against renta-boosters and marketing droids and just let the thing burn itself out.
-bm
how do you feel today? now that its crashing  |
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btw- did you guys catch that the Beligan government banned ShortNXT within DAYS OF ITS RELEASE!
can't even believe it!
-bm
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