I couldn't help but notice that the same label applies to the people on the forum that spend the most amount of time promoting BFL.

You're absolutely right. I should have said "claimed next product."

BFL Biological Computer? BFL Optical Computer? BFL Quantum Computer? BFL Antimatter Computer?

Did this happen? 

It's only 80$ for a PRWeb release. It says it on the page you linked to. This service, in my experience, is highly used by scam artists and penny stock promoters because it is cheap. It certainly does not brighten my impression of BFL. Why is a non-publicly traded company in a niche industry issuing press releases?

I can't begin to speculate on the next product BFL will develop, but what we do know is that it will be exchangable 1:1 with past pre-orders.

This isn't proof of anything. Not even that BFL exists.

I still have yet to see any conclusive proof that BFL products exist at all, anywhere.

I hope this will lead to the Official Bitcoin Client no longer handling wallets for most users. This way, the problem of key security leaves the hands of the Official client developers.

I think the developers can handle this problem, but it is also a distraction.

Many people have had ideas for external hardware wallets that sign transactions and other schemes. I described one such system to protect a wallet with a Yubikey here. The raw transaction output and sending will help make these more possible, and prevent the development team from becoming bogged down in deciding what type of protection should be included with the Client.

Perhaps its something like IEEE 802.15.4. And running 1 month with the radio/display/etc off. If you see pictures of the actual device its a lot simpler than presented in the video.

I have yet to see any indication that these products actually exist.

I have yet to see any indication that these products actually exist.

If you're not breaking the law, then why are you asking for advice on how to break the law? Which alone could put you in prison for 5 years.

Because you are a Bitcoin user I'm going to assume that the amounts of currency you deal in would never have any chance of triggering a CTR or SAR, ever, by itself. Why would you admit to successfully seeking advice from your bank on how to structure? Which, by the way, was likely only your bank humoring you and immediately writing up a SAR after you left.

That's not what your asking for.

You are asking for advice on how to evade the law when you are knowingly doing something illegal. Which, knowing what I know about governments, is illegal in every jurisdiction.

If you are not doing anything illegal then why do you care if a SAR gets filed?

In fact, if you are a "libertarian" you should be rejoicing that the government's databases are being filled with useless information.

You don't have to qualify that statement by saying "some" jurisdictions.

quoting this

Your idea is for Mt.Gox to structure customer's payments so that it does not attract the attention of the authorities. Great idea. I see why you do not run Mt.Gox.

I have trouble believing anything you say.

No, all of these refer to laws passed at different times modifying similar sections of the United States Code. They all refer to the same laws, or to activities the laws require.


All levels of trade are subject to AML/KYC/BSA/Patriot Act.



Enhanced Due Diligence (KYC - know your customer) provisions require that they obtain valid ID for everyone.

Store Ciphertext to file.

I do not know of a technical limitation that would require forking the blockchain to implement this idea.

This functionality is built into the bitcoin. Its a fundamental part of bitcoin. I cannot think of a way to remove the possibility of tainted coins from bitcoin without moving to a centralized server like open transactions. If you don't want a taintable currency, run an open transactions server without accounts.

There are people, like deathandtaxes, that have claimed they will respond to a voluntary, per-user, tainted coin system by spamming the blockchain with bogus transactions. I think this shows the level of maturity we are dealing with.