You know, you guys are awful sensitive to the topic of scamming when you're supporting a currency that basically has all the properties an internet scammer wants out of a payment system.
- The victim has zero recourse
- No identifying information is required to open an account and receive payments
- The ability to make transactions untraceable / extremely difficult to trace.
And btw, the info isn't for me. I have a friend who's about to shut down a website and take off with everyone's coins and claim the site got hacked, so he wants to make sure none of it's going to come back to him.
So, whats the website?  Can't say. Doesn't matter anyway. Nobody would believe anything I say anyway, since I have zero credibility here. |
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You know, you guys are awful sensitive to the topic of scamming when you're supporting a currency that basically has all the properties an internet scammer wants out of a payment system.
- The victim has zero recourse
- No identifying information is required to open an account and receive payments
- The ability to make transactions untraceable / extremely difficult to trace.
And btw, the info isn't for me. I have a friend who's about to shut down a website and take off with everyone's coins and claim the site got hacked, so he wants to make sure none of it's going to come back to him.
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So, let's say I scammed some bitcoins and want to wash them, isn't it virtually impossible to trace?
All I need to do is deposit the coins onto some web wallet, and withdraw them, and I get different coins, since most web wallets don't keep the coins tied to your account on the actual cash in address. (I've tried this. After I withdrew my coins, the original coins I sent are still unspent, so I got totally different coins).
Even if someone wanted to trace it, they don't know *where* I sent the coins to, since sites don't exactly publish a list of bitcoin addresses they control. And when I cash them out, nobody would know that I even sent coins to an exchange, because again, anyone could own that address. And from what I've seen, most sites don't pool coins into a centralized known address, they keep them distributed over many address and just spend the outputs when they need to, so unless you make a withdrawl from mt gox and get coins from a particular address, you wouldn't know mt gox controls that address.
Are you giving tips to scam or are you asking question? Because i see that you just posted the hints for people to scam, lol  Im wondering is there any realistic way to track the coins? Even if places keep records, nobody would know who to go to for said records. All I posted was how to wash coins. |
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So, let's say I scammed some bitcoins and.....
We're not fond of scammers here....  GFY Uh, bitcoin is like THE PERFECT currency for scams. |
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you're better off using your bitcoins to buy stolen credit card data, then use those cards to buy "tokens"
Probably be a lot cheaper that way.
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So, let's say I scammed some bitcoins and want to wash them, isn't it virtually impossible to trace?
All I need to do is deposit the coins onto some web wallet, and withdraw them, and I get different coins, since most web wallets don't keep the coins tied to your account on the actual cash in address. (I've tried this. After I withdrew my coins, the original coins I sent are still unspent, so I got totally different coins).
Even if someone wanted to trace it, they don't know *where* I sent the coins to, since sites don't exactly publish a list of bitcoin addresses they control. And when I cash them out, nobody would know that I even sent coins to an exchange, because again, anyone could own that address. And from what I've seen, most sites don't pool coins into a centralized known address, they keep them distributed over many address and just spend the outputs when they need to, so unless you make a withdrawl from mt gox and get coins from a particular address, you wouldn't know mt gox controls that address.
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Can the developers of BitCoin be forced by law to change the code according to desires of the U.S. government?
No but they are working by other means such as either buying off or infiltrating software companies in order to introduce vulnerabilities that favor them. (aka the OpenSSL bug which was introduced to Bitcoin despite the fact of having a huge additional attack vector) The Bitcoin Foundation have also voiced their intentions of helping the CIA fight Bitcoin funded pedophilia (by which means?) which is huge anti-Bitcoin propaganda. If you run a simple calculation the Bitcoin black market is currently worth 2% of its economy (and all of it is drugs, we have no proof to believe otherwise) versus the nearly 30% black market of USD which includes organ sale, children, pedophilia, human trafficking, weapons of mass destruction etc etc. Unless you got a source for those #s, you just pulled them out of your ass. |
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I thought using cash was a lot more anonymous than using bitcoin. All Bitcoin transactions are logged and can be potentially traced?
Cash has unique serial numbers and can be potentially marked in other ways. You would have to use metal coins to be truly anonymous. Yeah, but places generally don't log the serial #s when you spend cash, lol. Not to mention how easy it is to wash money at a casino. |
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Don't be silly, the USD is backed by the gold in fort knox.
Fort Knox > Mt Gox.
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Remember the Target credit card data hack?
Consumers aren't giving their payment info (credit card numbers) when paying with bitcoin, so it's impossible for any new charges to pop up after payment has been made.
Not really a benefit. As a consumer you're not responsible for fraudulent charges on your credit card. That's the theory, the reality is that it is a major pain, a huge waste of your time, and sometimes expensive to deal with any kind of identity theft. The other benefit is some degree of discounting that is likely at some point (maybe not right away). Also, this assumes you even have credit card, or a bank account, and a lot of people don't. The benefits are probably bigger and faster in less developed countries that both lack a well-functioning financial system and also have a greater dependence on remittence. There may be a leapfrog effect similar to how places without landlines adopted cell phones much faster than cell phones are replacing land lines elsewhere, a slow process that is still ongoing and will likely continue for another decade or two at least. Only poor people don't have credit cards and bank accounts. I could give a fuck about poor people and poor countries. |
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Remember the Target credit card data hack?
Consumers aren't giving their payment info (credit card numbers) when paying with bitcoin, so it's impossible for any new charges to pop up after payment has been made.
Not really a benefit. As a consumer you're not responsible for fraudulent charges on your credit card. tell that to a guy trying to impress a girl at a romantic restaurant, trying to pay for the lobster and champagne and then being told by a smirking waiter that the card has been declined.... purely because a thief has maxed out his card. other examples: thief uses your credit card details to get a hire car, then kidnaps or runs someone down. you get a knock at the door by the cops and interrogated for hours trying to get the cops to believe that you were not the driver, where all information shows you were. no for some less exadurated scenario's of why bitcoin is better: 1) your sex life is getting boring with your wife, but you wont cheat on her, instead you think that porn will solve the issue, you are worried that she will see the card statement, so you use bitcoin instead 2) you hate having to type in 16 digit credit card number, expiry date, and the 3 digit code on the signature strip. instead you want to just hold your camera phone up to your screen. press only 2 buttons, and get on with your day. 3) you have been the victim of card cloning/ ID theft / pickpockets. and you are tired of having to cancel your cards, and wait days for replacements. 4) your shop buys and sells gold but you start to think that with all the security window shutters at your shopfront, the time to lock up the valuable pieces on display, paying for security vans to take your days 'take' of fiat to the bank, along with the security camera's, alarms, safe's needed and all the building rental and retail costs. you start looking at a cheaper way to buy and sell rare items of value. hmm bitcoins are rare, and it can be traded in your underwear at home. 5)standing at starbucks you wait in queue to have your order taken. you tell them what you want then get your debit card out push it into their machine, type in your pin code and take a seat to wait for your drink. with bitcoin you can take your seat, use an app to make an order and pay for it,... without queuing! number 5 is an example of the future. along with many others that are: A) reading a tourist magazine, you see a QRcode that links to their website. you reserve your plane ticket on the website using the phone and press the pay with bitcoin, the price and destination public key ato-fills your phones bitcoin app, and you press send. (no need to type the 16 digits of credit card number, expiry, etc) B) in the future imagine microsoft office PRODUCT KEY is actually a public key. to buy microsoft office (legitimately) to use after the time trial, you pay bitcoins into their PRODUCT/public key. the software checks blockchain.info and validates you have used a genuine paid for key C) facebook/zynga get rid of their facebook credits, gets rid of the card processing facility and only show "50 more lives for 0.001btc" and a QR code. remember bitcoin is in its infansy, many more future examples will come to mind. so think of it as a toddler, still learning to walk. and not an old guy dragging its feet I have multiple credit cards, the odds all 3 of them are going to have an issue is slim to none. LOL @ #1. Yeah, that's a benefit, you can discreetly pay for porno. But if you're trying to buy porn behind your wife's back you probably have bigger things to worry about then the payment method. I use my credit card so frequently I know the 15 digits (amex), expiry, and 4 digit security code off the top of my head. Takes about 5 seconds to punch it in. And I can use it anytime anywhere without needing to see if the merchant is credible or not. For one, most scam sellers don't take credit cards (since they can be charged back), and if the merchant turns out to be a scam I get my money back with a phone call. And all the things you mentioned, you can easily have a payment app that stores your credit card details, or other payment method details and lets you buy stuff with 1 click (in fact, amazon has exactly this for credit card purchases), and you get the benefit of knowing with 100% certainty your product will show up, or you get your money back. Remember the Target credit card data hack?
Consumers aren't giving their payment info (credit card numbers) when paying with bitcoin, so it's impossible for any new charges to pop up after payment has been made.
Not really a benefit. As a consumer you're not responsible for fraudulent charges on your credit card. Long term, maybe. But short term it's going to be a bitch sorting out the mess when you realize your credit card cards have been maxed, or you checking account wiped out, and you need to pay your bills. Not really. I've lost my credit card, whoever found it put a bunch of bogus charges on it. Took 1 phone call to fix the problem, and amex sent me a new card that I received the next day. If I lose my bitcoins then I'm just fucked. |
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Remember the Target credit card data hack?
Consumers aren't giving their payment info (credit card numbers) when paying with bitcoin, so it's impossible for any new charges to pop up after payment has been made.
Not really a benefit. As a consumer you're not responsible for fraudulent charges on your credit card. |
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lol, you realize you're wasting your money right?
The US Govt has no interest in letting some libertarian into the senate.
Even on the off chance he got the votes, don't forget who counts the votes.
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The news about Gox was splashed in all the available media outlets. That is definitely causing this huge drop. That b****d Mark Karpeles will forever rot in hell. Well, it really showed the fact that banks and the federal reserve, no matter what your opinions are about them, are more trustworthy then any bitcoin exchange/banking business. |
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I wish I could pay my mortgage with bitcoin.
Banks and government will be the last places you can use bitcoin.
You can. Go to an exchange and get real money for your bitcoin and you can pay your mortgage w/ it. |
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Don't worry.
Bitcoin will never go mainstream. It won't affect your usage of it to buy drugs.
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lol, obvious scam is obvious.
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The solution is to just ignore them. The IRS has absolutely no idea how much I made selling bitcoin over the last year, and they don't deserve a penny of it anyway.
Don't give the IRS a dime or satoshi unless you support all the bullshit USA does with your money (like blowing up innocent people, bank bailouts, welfare for fat, lazy people and single moms, police state, etc, etc)
Yeah, until someone files this form: http://www.irs.gov/pub/irs-pdf/f3949a.pdfor this form: http://www.irs.gov/pub/irs-pdf/f211.pdfand you get audited. Better not tell anyone who knows you IRL that you made a ton of money selling bitcoin. |
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Why don't you start a company with the name NORFED (National Organization for the Repeal of the Federal Reserve Act and the Internal Revenue Code) to promote bitcoin with?
I'm sure that'll go well for you.
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Do people actually still pay to see women on webcams...haha, private show or not you've got to be pretty hurting to pay anything with the abundance of full length porn's and sites with all sorts of FREE porn why the hell anybody would pay is beyond me. If you really believe these whores are doing a private show just for *you* I got a bridge or two you might be interested in buying!
Yeah, there actually are some sad fucks who spend thousands on some cam whore. And yeah, the shows they're doing for "private shows" are "private", but they do like a dozen of the same shit every day so lol. |
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