So it looks like "reverse stings" are legal, but the buyers can get away with it with a pretty lame excuse (the lawyer argued that since the police never intended for the buyers to get away, they were never in possession).

http://www.kpho.com/story/22102426/police-reverse-sting-operations-under-scrutiny-by-az-supreme-court

Also, I know in the state of Maryland and I think Virginia as well, the cops will not sell real drugs. Because buying fake drugs with the intent to distribute as if they were real is illegal, they do this instead.

Finally, trying to sell drugs through an anonymous market would be pointless, as they can't prove that it was the recipient of the package who placed the order. Plus, it seems counterintuitive to distribute drugs to stop distributors...

I don't usually, but come on... This is the big and scary TOS:

Is this true? Who has the time to make all of the laws?

If it is true, then wouldn't selling any new product be illegal, since there are no laws regulating that new product?

You're missing the cap of 21 million. Eventually 1 BTC will be worth thousands if not millions of dollars. When the cap is reached most transactions are going to be in very small fractions. This is assuming that it continues to grow and expand, however. Also, while bitcoins are continuously mined, it gets harder and harder to mine as time goes on, leading to them being distributed slower and slower until the 21 million mark is reached. Because of this, bitcoins should be heavily deflated by the end as opposed to inflated.

Good. I always liked Bitstamp more than Gox.

It is true that they can use deception, but I was under the impression that they could not actually sell drugs, because if they did they would be committing a worse crime than what they're trying to stop. It's counter-intuitive. They can pose as prostitutes, but they can't have sex with the client. The cop can't say "Hello I am a prostitute pay me money for sex", they have to stand around looking whorish and hope that someone tries to solicit them. Similarly, I can't see how Atlantis could be cops. They can't offer (or ship) drugs and then arrest people- they would be guilty of drug trafficking, whereas the person they caught would technically be innocent of all crimes, since the police can't prove that it was that person who ordered the drugs.

Now what I could see is the police posing as buyers, getting drugs shipped and then tracking the package back to the source. They could potentially catch some people, but I doubt that sellers ship from the same town in which they live.

What discussion is there to have, at least on this thread? Clearly there was no invasion, and I still think that there won't be. Why did you choose to necro it two years after it was started anyways? If you have new evidence, why bump this as opposed to making a new thread?

The two main differences between Bitcointalk.org and facebook are:

1. Bitcoins take a little bit more technical know-how and effort to acquire, whereas anyone can sign up for facebook and use it to its full potential.
2. Bitcoins are money- by default people should be smarter when dealing with them than with facebook or twitter, where it doesn't matter how dumb you are. If you're stupid on facebook, oh well. If you're acting stupid with bitcoins, you lose money.

However, like others have said, Bitcoiners only seem to be more intelligent. People you agree with are going to seem smarter than they really are. There are a ton of conspiracy theorists on here. The average person may see everything through a "thick layer of crappy propaganda" but there are a lot of people on here who are just as bad, just in the opposite political spectrum.

What is ฿, as opposed to BTC?

This article is very interesting. In particular, the small section about the site "Atlantis" peaked my interest. Could it really be the police? Are the police allowed to sell drugs? I thought that they could only pretend to be interested in buying them in order to catch dealers.

To be fair, when I googled "Bitcoin illegal in Thailand" a lot of sites came up saying that it was. But they were all small time and none looked reliable. I figure that if bitcoins were made illegal major news sites would be on top of it.

Your account has 14 posts and is already red... could you at least take the time to make a new account?

 

The original post sounds like one of those "Has science gone too far?" spam ads.

101 now on Mt. Gox. I'm hoping that it will stay there until I can buy some later in the week, and then start climbing up.

What are you having trouble with? You can't buy the BTC directly. You buy SLL and then transfer SLL to BTC. But once the account is verified it only takes a few extra seconds to do so.

I haven't found a reliable source for this yet. Does anyone have one? And please don't link to reddit or another thread on here. If the reddit or bitcointalk thread has a source, I'd like that.

Sorry for the double post, but if you make an account the comment is posted instantly. The site's not a scam.

Yes, when I pay $100 for 1 bitcoin I believe that I'm getting free money 


It seems as though people have mining confused with bitcoins.

 


There is a community supporting its value, which is much better than a single government. The Weimar Republic, Zimbabwe, and Cyprus would like a word with you...

Also, all currencies are backed by faith. Paper money is worth only as much as people believe it is.

Overall, it seems as though the people arguing "yes" have no idea what they're talking about. The only valid point I saw was that it fluctuates too often to be used as a normal currency (but that was in the No section for some reason). But as more bitcoins are added, and are distributed into the hands of more people, mass purchases and sells will have less effect, so I can see stability in the future. I'll definitely vote "No" and write up a good argument, however I fail to see how Bitcoin can possibly be a "scam", seeing as there's no central authority to profit off of its success...

VirWoX accepts debit cards through moneybookers. It takes 2-3 days for your account to be verified after your first purchase, but after that all transactions are instant.