If you are a buyer or seller with this network and are profiting from it, do you have to like.. follow some kinda regulations or anything? Pay taxes? Is it legal?
That's like asking if it is legal to deposit cash in someone's bank account to pay for the on-line gaming keys he is sending to you by email. What do you think? Does that sound legal to you? If not, you might be living an alternate reality .... in fact why do you even have to ask? |
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Just curious. Until downloading blocks around 90000~100000 the client was really unresponsive, but then no longer so.
It's probably because those first blocks have little or no tx data stored in them so the client is going full tilt validating blocks and it is difficult for interrupts to get processing time ... probably better to just wait until you up to date as there is not much you can actually do with a new client (and wallet) until that point anyway. |
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What does "cooperate" mean in this context? Has someone got an official letter in the mail or something with .gov letterhead?
Until then, do nothing, say nothing, tell them nothing, that's how they play it. When they move, we go back to work to route around them, again ... situation normal, FUBAR.
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This is not just a charitable thing but makes excellent strategic business sense.
The early adopters of disruptive innovations that large encumbents spurn are often big winners. Internet Archive Federal Credit Union for the win ... how do I buy shares? These guys are fast becoming legends.
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Good stuff. One of these anonymity/privacy/fungibility projects is going to be so successful that it will become the default because anything else is just too stupid to contemplate ... like a sharp knife is the default ahead of a blunt one, and all the evil hair-splitting and moral obfuscation of what money needs to be to work properly will be bad memories in the dustbin of history.
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how much more of this govt troll crap topics do we have to endure? ... we got it, anonymity is your nemesis, get over it ... cash was invented 2,600 years ago, anonymous money is not a new concept you dripping idiot.
If you want everybody around you to share your views, use "ignore" button.  .... I'm not a coin developer to implement it .... C'mon running a govt. troll poll on the bitcoin forum is just stupidly transparent ... fungible (anonymous) coins have been around for 2,600 years say something original or you're just trolling ... "drugcoin", "thugcoin" is that the best you can do? really? |
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Currency Transaction Reports still exist. They were augmented by the addition of Suspicious Activity Reports. Currency Transaction Reports are for when a customer transacts in over $10,000 of currency. Suspicious activity reports can be filed at any time, for any amount, and is what gets filed when a customer is suspected of trying to avoid having a CTR filed, among other things. heres the CTR from 2003, now its become an e-filing apparently. http://www.ffiec.gov/bsa_aml_infobase/pages_manual/OLM_017.htmI doubt you even had that much cash in the '80's to know anything about it ... you are just going by what you have read in wikipedia and now .gov links ... yeah, good troll but you are yet another internet book-wise street-fool. |
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how much more of this govt troll crap topics do we have to endure? ... we got it, anonymity is your nemesis, get over it ... cash was invented 2,600 years ago, anonymous money is not a new concept you dripping idiot.
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This was in effect until April 1996 when the Suspicious Activity Report (SAR) was introduced. So you are wrong ... unless 1996 was "sometime in the '80's? ... this was when they actually started asking customers this kind of crap ... or you have evidence that you were asked for such a report in 1980's? |
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They're not "now" in place, those laws are from the 80's at least. This is totally wrong ... do your homework before you come here spouting off about regulations you seem to have little knowledge of. |
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I'm pretty sure that the NSA will keep a full copy of the blockchain forever ... and probably all traffic that was ever on the bitcoin network.
Maybe we can just ask them to keep the "good" copy always available for new client downloads when anyone need it?
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You need to fill out paperwork whenever you make daily cash deposits of $10,000 or over, and whether you do or don't, the bank will report to the govt whenever they get $10'000 deposited in cash in a day, or if in a series of transactions over the course of longer than a day. The penalties for not complying are incredibly stiff, can be forfeiture of 50% of the funds. So an account holder whose taking in random cash deposits from all across the country every day, not reporting any of it, they'll feel rich for a time, then they'll get walloped. If this were true how does a big business like Walmart, Home Depot, Burger King, etc work ... surely they get more than $10k in cash sales in short amounts of time? Are you telling me that Walmart is filling out paperwork everyday they get more than $10 k in 'random' cash sales? Or is this another case of one law for them and one law for the rest of us? Why would I make it up? Yes, Walmart and Burger King likely fill out a currency transaction report everyday. There's nothing illegal or wrong about it so theyed have no problems doing so. It's a simple form. I knew a Guy who owned a used car lot, and he had a pile of them, routinely filled them out whenever someone bought a car and paid cash. And the penalties, again, are pretty still for not doing so... Banks have to report daily cash transactions of over $10,000 or transactions that they believe are broken up in order to stay below that threshold (structuring). If you're depositing at a branch, they'll tell you. And if you decline the transaction, they'll then report that. But if you're not even at the branch, if people all a ross the country are making small deposits, even if they don't aggregate $10'000 in a single day, but rather over a week or a month, the banks software will certainly notice this's e generate a report. But you need to, too,otherwise thats where penalties can kick In. And you had better make certain that your tax return matches up with the deposits that are hitting your account. (Ie, your account takes in $50,000 in cash deposits, your tax return had better show more than W-2 work. http://en.wikipedia.org/wiki/Currency_transaction_reporthttp://www.bankersonline.com/security/sar/ctrsars_08.htmlhttp://www.fincen.gov/whatsnew/pdf/CTRPamphletBW.pdfhttp://www.occ.gov/news-issuances/bulletins/2003/OCC2003-48a.pdf (a 2003 version of the form) It's best just to let this guy run transaction through his own businesses account. If he's asking users to escrow their coins with him, then he should have customers deposit cash to his account and then transfer your cash back to you from his account. Really he should do that anyways. All it takes is one dishonest person on this forum deciding to keep a large deposit and there goes his business and reputation. You have just described why all the incentives are now in place to not use any bank at all for cash handling (regardless of bitcoins) ... p2p cash and bitcoins are clearly simpler and with less friction than all the palaver you describe above. |
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You need to fill out paperwork whenever you make daily cash deposits of $10,000 or over, and whether you do or don't, the bank will report to the govt whenever they get $10'000 deposited in cash in a day, or if in a series of transactions over the course of longer than a day. The penalties for not complying are incredibly stiff, can be forfeiture of 50% of the funds. So an account holder whose taking in random cash deposits from all across the country every day, not reporting any of it, they'll feel rich for a time, then they'll get walloped. If this were true how does a big business like Walmart, Home Depot, Burger King, etc work ... surely they get more than $10k in cash sales in short amounts of time? Are you telling me that Walmart is filling out paperwork everyday they get more than $10 k in 'random' cash sales? Or is this another case of one law for them and one law for the rest of us? |
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You cannot believe what anyway of these companies say because the law actually requires them to lie and deny their involvement. And that is just how they like it ... if the law requires them to lie, spy and steal they are not liable. http://abcnews.go.com/Technology/nsa-prism-dissecting-technology-companies-adamant-denial-involvement/story?id=19350095Experts believe that commonality in statements could mean a few things. The first is that the companies simply can't talk about it.
"If these companies received an order under the FISA amendments act, they are forbidden by law from disclosing having received the order and disclosing any information about the order at all," Mark Rumold, staff attorney at the Electronic Frontier Foundation, told ABC News. It is the same vein of the propaganda campaign directives whereby Pentagon, DOJ etc are required to actively produce misinformation. When the law requires lying their is no room left for justice or truth, in public discourse or courts of law. I'm always surprised how naive people seem to be when confronting how far this has already gone, as many of these directives were released into the public when they were enacted over the last decade (if you can believe them that is of course). There is no turning back from an out of control, above the law State like this now ... that ship sailed a long time ago. http://vigilantcitizen.com/latestnews/new-bill-legalizes-government-propaganda-and-disinformation-on-american-citizens/ |
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If Bitmessage's encryption is broke, how will an extra PGP encryption help? Don't they both use the same encryption algorithm?
Not necessarily and unlikely. Most PGP use RSA and bitmessage is using ECC. |
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So there is tiny, but possible chance and that you could say to the court ..."Your honour, I have no idea how that bitcoin got in that account, maybe it was random collision?"
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How many coins you got?  As a percentage of assets does he have none, some or "all-in" ? |
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.... sure it could be "p/" or "hash/" or any other ... doesn't really matter. It is a discussion document so comments welcomed. |
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