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They both work. Just formatted differently, I guess?
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I am wondering if there is possible future risk by using bitcoin mixing services. For example, say you have some coins that you bought legit, say through an exchange, and then sent them through a mixing service to anonymize them. Would there be a problem paying capital gains taxes in the future if you can't prove the origin of the coins? Could they become tainted in the future if the origin can't be proven? Could there be future regulation that could taint mixed coins, therefore bringing the value of your coins down? Forgive me if these shouldn't be concerns but I was just thinking about these topics and would like to hear an expert opinion.
Hi, You have some good questions. I'll take a shot at an answer. I don't think a mixing service has an impact on your capitol gains. You are simply stating when you bought, and how much they have appreciated. You don't have to supply info on your coins. If you were audited you may be asked for more info, but if you paid it will all work out. Some people have proposed the idea of "tainted" coins. In this scheme coins that are known to be associated with crime (and maybe mixers) become less valuable than clean coins. I seriously doubt that will happen. Almost no one is in favor of taint. It would destroy fungibility and some of the utility of BTC. I see no specific risk other than trusting the mixing service. |
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Was not TigerDirect accepting since January ? That's right eh, but I think the Canadians were left out until now. |
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I have a wallet at blockchain.info and I would like to transfer It to bitcoin core qt so my funds would apear on my bitcoin core qt, how do I do that?
First i would download the blockchain. You can get it from a trusted source, as above, or just wait and let bitcoin-QT download the whole thing. It may take days, but you don't need to do anything except wait for synchronization. Once you are caught up you can go to "receiving" in QT and create a new receiving address. That address is what you want. If you send bitcoin from blockchain.info to that address it will show up in your QT wallet. If you send it before you are synchronized it will still work, but you wont see the balance in qt until your synced. P.S. once you have transferred funds to QT you should make a backup copy of your wallet.dat file. That's all. |
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I'm buying some tickets for the mid-east (Jordan) later this week, maybe I'll try these guys out and see what kind of price I can get? QUOTE FROM BELOW: I think it's hotels only for now.
Aww, that's the least useful part of their service.  |
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You could sell stuff. Think about some garage sale type items you have and set a low price.  |
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"The FBI is a violent underground organization that stole from an innovative startup." - That is how you say it in bitcointalk-eze. If you translate it to English it reads...
"The FBI busted a drug dealer and took his money."
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He stole billions to pay out fradulant bankers, F him.
The banker bailout was the biggest financial crime ever committed in recorded history. Hundreds of billions of tax payer money used to rescue the corrupt bankers. Not only the Democrats, but the establishment Republicans also supported that measure. So I won't be saying that Obama was responsible for it.  The bailout was BEFORE he was in office. Not that I'm satisfied with Obama's response. I also think it was one of the biggest crimes in history. He should have had them swing in the town square for their negligence. But to blame Obama?? Where did you ever get that? http://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008 |
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Looks like we have a new whipping boy. Complete with a mysterious secret plan.  |
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A 51% attack would only benefit an entity who wants to hurt bitcoin. Mining pools have a greater interest in the health of bitcoin than others and it is not logical for them to use their hash power to destroy the price of bitcoin and render all their expensive equipment useless.
A malicious entity who just wants to make BTC go away could organize a 51% attack. But they would first have to spend millions of dollars buying hardware. Then they would have to compete with legitimate miners until they have most of the hashing power. Finally, they could fork the chain and create chaos. Of course this would not make crypto-currency go away, they would then have to repeat this process indefinitely. Each time spending millions of dollars buying mining hardware then throwing it away.
I see no easy path for a 51% attack to be successful and profitable for anyone. I think the risk is sometimes overstated.
It is the biggest threat we face. I agree with you about how likely it is, but people love worrying about things, and this is the most logical thing to worry about! You made an excellent point when you said that they would have to repeat this process again with every other crypto-currency. You also make a good point. It is still a big threat, despite the factors I mentioned. |
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I would be happy with the power to do math.  |
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A 51% attack would only benefit an entity who wants to hurt bitcoin. Mining pools have a greater interest in the health of bitcoin than others and it is not logical for them to use their hash power to destroy the price of bitcoin and render all their expensive equipment useless.
A malicious entity who just wants to make BTC go away could organize a 51% attack. But they would first have to spend millions of dollars buying hardware. Then they would have to compete with legitimate miners until they have most of the hashing power. Finally, they could fork the chain and create chaos. Of course this would not make crypto-currency go away, they would then have to repeat this process indefinitely. Each time spending millions of dollars buying mining hardware then throwing it away.
I see no easy path for a 51% attack to be successful and profitable for anyone. I think the risk is sometimes overstated.
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A prediction is not possible. However one can guess. I guess $637.
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Don't they first have to prove that all the Bitcoins are from illegal purposes?
That's what I would have thought. What if their case falls apart and they fail to prosecute? Will they have to buy them all back, lol? |
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I think a lot of the impact of this depends on the price the buyer gets. If he/she gets a big discount then they might want to sell some immediately and sweeten the deal even more. If the winning bidder buys at market price then it may have very little effect. It should be interesting.
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Dose the US have similar laws?
I don't really know the laws here, but I seem to remember similar actions by the U.S. It was a little different however, I believe the accounts were decades old and mostly of people who died long ago with their accounts forgotten or unknown to others. But three years.  Man, that's no time at all. |
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Sorry man. That's a bummer.  |
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And then there are those agents who will inevitably try to shave a little for their own interests...
In the FBI? Those boy scouts don't even J walk. |
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I'm liberal, and I never said that. So by the same logic a liberal prediction from 1998 might be said to be " The internet will grow into one of the most important tools of modern life". That's what I thought. Wow, because I thought that... Liberals must be super smart!  |
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I don't think the FBI can legally sell those coins until the trial is over and a guilty verdict has been entered. It will most likely be years from now.
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