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Bitcoin / Bitcoin Discussion / Re: For those of you who say governments can't ban bitcoin
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on: March 30, 2014, 07:51:32 PM
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I say goodluck to any government who thinks it is easy to seize a Bitcoin wallet. Maybe people should start using brainwallets so that they can always access their funds even if a government thinks they "seized" the wallet. You still can't kill it, there will still be people who use it, it will just be pushed underground. Even if a government will punish someone by death if they use i, there will still be people who use it, just as there are people who will kill others even though it can be a offense punishable by death in many places.
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Bitcoin / Bitcoin Discussion / Re: Why are private keys safe?
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on: March 30, 2014, 07:09:08 PM
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The chances that someone could randomly generate your private key is so low, that its just not going to happen, at least with any kind of technology we can think of or comprehend at this point in time.
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Bitcoin / Bitcoin Discussion / Re: The real reason American government hates Bitcoin
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on: March 30, 2014, 06:36:18 PM
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Two prominent reasons why a government may not like Bitcoin are; 1) Bitcoin can't be as fully regulated as the USD or any standard fiat currency can opening it to more nefarious purposes. 2) Banks and companies that make tons of money with the insane fees they charge to move fiat may feel threatened and tell their lobbyists to try and get the politicians to look down on Bitcoin.
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Economy / Trading Discussion / Re: Concerns regarding buying bitcoins offline(udercover cops) - What do you think?
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on: March 28, 2014, 09:27:15 PM
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Before buying or selling, make sure you know the max you can sell or buy per day per person in your place of residence, then never suggest you would ever buy for illegal purposes and never sell to someone that says or suggests in any way that it will be used for purposes that are illegal. Also, never ask for the purpose of the funds being bought and never tell your intent of the funds being sold. Basic rules of thumb that you should always be aware of.
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Bitcoin / Bitcoin Discussion / Re: Bitcoin is doomed. Thanks IRS!!! You Ass hats!
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on: March 28, 2014, 08:07:19 PM
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If the IRS wants to make taxing Bitcoin a pain, then they are going the wrong way, a lot of Americans will still be using Bitcoin and the IRS will just make it harder on themselves to collect any sort of taxes. Trust me, Bitcoin isn't doomed, but the quicker the governments get on the train and accept Bitcoin for what it is, the quicker they will have any chance for it to be more regulated to a point they would prefer.
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Economy / Speculation / Re: Value of Bitcoin will go down
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on: March 24, 2014, 06:01:17 AM
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The price will likely go up and down and the same over and over again. The next investor rush will happen and the price will eventually rise even higher than before as Bitcoin gains more acceptance.
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Other / Beginners & Help / Re: Is there any BTC bank?
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on: March 22, 2014, 07:18:12 PM
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Be very careful about scams, there are sites that let you invest in them or other things, but I suggest you avoid that because you are either likely to be scammed or make so little on your investment it wont be worth your time. Plus, holding your own money in something like a cold wallet you own is the best way to avoid loosing your money to anything like scammers and hackers. Also, if something sounds too good to be true, it is too good to be true and either someone else is getting screwed (pyramid schemes) and/or you will get screwed.
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