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Author Topic: Can operating a Bitcoin node make you a target?  (Read 2005 times)
Wind_FURY
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December 13, 2016, 02:56:56 AM
 #21

A target of what? Using bitcoin is totally legal and even if the legality was questionable, what could they do to you? Throw you in jail because you're supporting internet transactions with a vehicle that is not even recognized as money? It's like arresting someone for facilitating an exchange of silverware between two collectors Grin

It is just Alpha Goy's firm stance that Bitcoin's end is already near. Or maybe that is what he wants us to think. It is very ironic because I think he is still holding some Bitcoins and he just wants to come here and make threads such as this because he thinks the people in the community will listen to him.

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Arion21
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December 13, 2016, 07:58:18 AM
 #22

For now I feel it is not a problem, it is not like bitcoin nodes are used as a servers for pirated content or anything.
But in the future if governments would like to take more restrictive approach transfert cdg or shift their mindset to prevent bitcoin spreading it could become troublesome.
Let's hope will will never experience a "Bitcoin Node Witch Hunt".
Donc, il ne faudrait pas attendre que le gouvernement prenne ce genre d'initiative.
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December 13, 2016, 09:39:58 PM
 #23

That is indeed possible however it is not illegal to use Bitcoin in the UK. If htey wanted to shut down these laws, it would already be illegal and they would probably quite easily be able to trace it.

lets imagine using bitcoin was made illegal, its not. so this is just hypothetical to appease Sir Alpha's thoughts

Yes exactly!
It isn't illegal already so it wouldn't become a target, otherwise it would already be illegal?
There is also already data records being stored for entities like the EU anyway so if it was illegal they would have already detected that problem.

Also, the UK government have done quite a considerable amount to endorce Bitcoin and have been fairly quick to outline laws for that, which I don't think they'll revoke.
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December 14, 2016, 02:16:56 AM
 #24

What I can see happening is the government in the US will not make it illegal but make the threat of it to be illegal. They will do this in any industry if the politicians think it maximizes profit for themselves. It also works 2 ways because they can use the threat of pro-Bitcoin legislation against the banks as leverage and another profit maximizing scheme for themselves.

Here we thought that the big mega corporations are the ones bribing the politicians. It is also the other way around where politicians shake down and extort the corporations.

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franky1
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December 14, 2016, 02:51:02 AM
 #25

What I can see happening is the government in the US will not make it illegal but make the threat of it to be illegal. They will do this in any industry if the politicians think it maximizes profit for themselves. It also works 2 ways because they can use the threat of pro-Bitcoin legislation against the banks as leverage and another profit maximizing scheme for themselves.

Here we thought that the big mega corporations are the ones bribing the politicians. It is also the other way around where politicians shake down and extort the corporations.

i dont think it will be mad illegal/prohibited. but then again america did have alcohol prohibition 100 years ago. also there is the bitlicence couple years ago that tried not to prohibit bitcoin but strangle businesses in red tape.

so dont expect peace and love. but dont expect a bitcoin war.
all that matters is we recognise the weaknesses and tighten them up so that it doesnt impact or shock us if things change whether minimally or drastically.

EG mining pools ALREADY are prepared with multiple stratum servers and also managers working in different countries to avoid the false 'china will shut down bitcoin mining' rhetoric.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
greenuser
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December 14, 2016, 07:09:40 AM
Last edit: December 14, 2016, 07:30:36 AM by greenuser
 #26

I run a full node 24/7 364.25 from Cornwall UK   The node is 86.151.93.192/Satoshi:0.13.1/segwit and i don't use a proxy.
My ISP knows that i run a full node as i have talked to them over the phone about it.
 
I get billed every 90 days and i pay them in cash at the Post Office once the bill arrives. My ISP wants me to pay them via a direct debit from my bank account every month but i decline. Ever time they ask, i offer to pay them in bitcoin monthly but they decline.
It's stale mate. It must be such a drag for them to post me a paper bill as i refuse to use the free email address they offer me. I also refuse to give them my Russian Yandex email address and refuse to manage my account online too. I insist that i want to talk to somone over the phone in relation to my account when needed.

We can do it all online when they fall into line and take bitcoin instead of paper GBP and not until. I am quite happy to pay cash at the Post Office.

UK Government (Science Office) seem to be pro crypto as you can see fron this gov doc - distributed ledger technology.pdf
An interesting read, quote....
"Distributed ledger technologies have the potential to help governments to
collect taxes, deliver benefits, issue passports, record land registries, assure the
supply chain of goods and generally ensure the integrity of government records
and services. In the NHS, the technology offers the potential to improve health
care by improving and authenticating the delivery of services and by sharing
records securely according to exact rules. "

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

I think the UK Gov want to dump the banks as much as we do as they can then collect tax at source with crypto.  I got rid of my bank account 2 years ago and have not looked back. I deal only in Cash or Crypto now.

If that makes me a target then so be it, you have to make a stand over what you belive but i think we have the UK Gov on side.
We are quite good at Cryptographic stuff here in UK. Did you ever hear about our Mr Alan Turing et al?


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December 14, 2016, 08:46:28 AM
 #27

I run a full node 24/7 364.25 from Cornwall UK   The node is 86.151.93.192/Satoshi:0.13.1/segwit and i don't use a proxy.
My ISP knows that i run a full node as i have talked to them over the phone about it.
 
I get billed every 90 days and i pay them in cash at the Post Office once the bill arrives. My ISP wants me to pay them via a direct debit from my bank account every month but i decline. Ever time they ask, i offer to pay them in bitcoin monthly but they decline.
It's stale mate. It must be such a drag for them to post me a paper bill as i refuse to use the free email address they offer me. I also refuse to give them my Russian Yandex email address and refuse to manage my account online too. I insist that i want to talk to somone over the phone in relation to my account when needed.

We can do it all online when they fall into line and take bitcoin instead of paper GBP and not until. I am quite happy to pay cash at the Post Office.

UK Government (Science Office) seem to be pro crypto as you can see fron this gov doc - distributed ledger technology.pdf
An interesting read, quote....
"Distributed ledger technologies have the potential to help governments to
collect taxes, deliver benefits, issue passports, record land registries, assure the
supply chain of goods and generally ensure the integrity of government records
and services. In the NHS, the technology offers the potential to improve health
care by improving and authenticating the delivery of services and by sharing
records securely according to exact rules. "

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

I think the UK Gov want to dump the banks as much as we do as they can then collect tax at source with crypto.  I got rid of my bank account 2 years ago and have not looked back. I deal only in Cash or Crypto now.

If that makes me a target then so be it, you have to make a stand over what you belive but i think we have the UK Gov on side.
We are quite good at Cryptographic stuff here in UK. Did you ever hear about our Mr Alan Turing et al?



The only reason why I think the UK government seems to be pro crypto, is the possibilities it offers them in the future. Just imagine for one moment a world where every transaction can be traced. Crypto currencies will enable this, when they adopt this technology in the future. <Not public Blockchain> They definately see potential in financial surveilance over fiat cash. We already saw some countries that stopped to use big fiat denominations. <because they do not have full control over cash> 

You should not post personal details on public forums, because that makes you a target for hackers. I run my nodes at work, behind firewalls with permission from the boss, because they also support Bitcoin. ^smile^

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December 14, 2016, 09:31:18 AM
 #28

Yeah, I'm rarely using VPNs to pay with and to use Bitcoin. Governments aren't taking any measures regarding Bitcoin for now, but I have a feeling that they'll find a way to ban it sooner or later. This is exactly the reason for which I prefer risking on two sides: Bitcoin and precious metals. Everyone told me that precious metals will never go to a $0 price.
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