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Author Topic: The intelligence community  (Read 2390 times)
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June 19, 2013, 12:02:37 AM
 #21

This is rediculous. Where do all these operatives cash out - MtGox? It's not like they can just buy a yacht with Bitcoin. All the transfers of funds would funnel down to a narrow point of exchange and be visible to the whole world in the blockchain. Yeah, I'm sure no one would notice a $50 million transfer and cash out to buy armament for a puppet regime.
This isn't 1991. You don't need to dial into a BBS to get your FidoNet messages anymore because it grew into something more useful. Bitcoin is adding layers and growing into a more useful internet protocol. The internet itself hasn't changed its basic protocols in decades, and neither will Bitcoin. MtGox will likely be bought by Wal*Mart or some other ubiquitous entity and get renamed WorldCoinz or some such corporate sounding name and have POS systems everywhere they sell cigarettes, gas, and beer.

Look at the post above yours - it still applies.
Yes today it does. Obviously. You wouldn't want to use any form of electronic currency to move $50 million. Only Bitcoin will someday allow you to do it untraceably.

Now that I agree with - someday.

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June 19, 2013, 02:06:21 AM
 #22

This is rediculous. Where do all these operatives cash out - MtGox? It's not like they can just buy a yacht with Bitcoin. All the transfers of funds would funnel down to a narrow point of exchange and be visible to the whole world in the blockchain. Yeah, I'm sure no one would notice a $50 million transfer and cash out to buy armament for a puppet regime.
This isn't 1991. You don't need to dial into a BBS to get your FidoNet messages anymore because it grew into something more useful. Bitcoin is adding layers and growing into a more useful internet protocol. The internet itself hasn't changed its basic protocols in decades, and neither will Bitcoin. MtGox will likely be bought by Wal*Mart or some other ubiquitous entity and get renamed WorldCoinz or some such corporate sounding name and have POS systems everywhere they sell cigarettes, gas, and beer.

Look at the post above yours - it still applies.
Yes today it does. Obviously. You wouldn't want to use any form of electronic currency to move $50 million. Only Bitcoin will someday allow you to do it untraceably.

Now that I agree with - someday.
OTOH, when Bitcoin gets to that point, there will be very little need for large amounts of armament.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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