Sitarow
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Activity: 1792
Merit: 1047
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March 21, 2015, 02:22:38 AM |
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so funny to read that about btc-e.
I mean if US government is okay with confiscating (stealing) and selling some drug coins why would an anonymous exchange refuse to accept them?
wtf.
"sound money" they said.
They may have been requested by the Authorities to watch for suspicious deposits and take steps to initiate targeted anti money laundering steps.
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Cconvert2G36
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March 21, 2015, 02:24:56 AM |
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The fact they are apparently dropping coins onto btc-e so soon makes me wonder about what other brilliant choices they've made before exiting stage right.
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tarmi
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Activity: 1232
Merit: 1011
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March 21, 2015, 02:29:13 AM |
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so funny to read that about btc-e.
I mean if US government is okay with confiscating (stealing) and selling some drug coins why would an anonymous exchange refuse to accept them?
wtf.
"sound money" they said.
They may have been requested by the Authorities to watch for suspicious deposits and take steps to initiate targeted anti money laundering steps. so 1 btc is not 1 btc anymore because authorities? 
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Sitarow
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Activity: 1792
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March 21, 2015, 02:31:40 AM Last edit: March 21, 2015, 02:45:51 AM by Sitarow |
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so funny to read that about btc-e.
I mean if US government is okay with confiscating (stealing) and selling some drug coins why would an anonymous exchange refuse to accept them?
wtf.
"sound money" they said.
They may have been requested by the Authorities to watch for suspicious deposits and take steps to initiate targeted anti money laundering steps. so 1 btc is not 1 btc anymore because authorities?  It's more along the lines of preservation and prevention of being another victim exchange. ~ as a result of a crime, accident, or other event or action. synonyms: sufferer, injured party, casualty; More a person who is tricked or duped.  Case in point the end of an Era   UPDATE: Withdrawals are being reviewed and people are able to do them once checked for "malicious activity" 
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dreamspark
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March 21, 2015, 02:49:04 AM |
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btc-e BTC withdrawals are working btw. Gotta love bitcoin!
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Sitarow
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Activity: 1792
Merit: 1047
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March 21, 2015, 02:53:43 AM |
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btc-e BTC withdrawals are working btw. Gotta love bitcoin!

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SkyValeey
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March 21, 2015, 02:54:02 AM |
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China will dump soon... Few h max imo
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coinableS
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Activity: 1442
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March 21, 2015, 02:54:31 AM |
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Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
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dreamspark
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March 21, 2015, 02:54:48 AM |
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Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
Did you not read above?
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ChartBuddy
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Activity: 2618
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 21, 2015, 02:59:00 AM |
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Sitarow
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March 21, 2015, 03:06:51 AM |
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Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
That may happen once Bitlicence takes form. 
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coinableS
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March 21, 2015, 03:20:11 AM |
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Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
That may happen once Bitlicence takes form. Isn't BTC-e still mostly anon when it comes to it's ownership? Do you think a Bolivan? exchange would care what NY says/does?
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Sitarow
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March 21, 2015, 03:23:36 AM |
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Never thought I'd see the day where BTC-e starts policing the coins on their exchange. Bitstamp of finex probably, but not BTC-e. Are they going to start verifying ID's too?
That may happen once Bitlicence takes form. Isn't BTC-e still mostly anon when it comes to it's ownership? Do you think a Bolivan? exchange would care what NY says/does? Money talks  and they are out to make it!
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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March 21, 2015, 03:49:35 AM |
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So at what point does the (insert govt name here) Govt come to the exchanges and demand all of these "dirty" coins. After all they were part of unlawful activity, therefore they all go to the Govt. Kind of like cash forfeitures.
This is an interesting little slope here......
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Sitarow
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March 21, 2015, 03:55:33 AM |
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So at what point does the (insert govt name here) Govt come to the exchanges and demand all of these "dirty" coins. After all they were part of unlawful activity, therefore they all go to the Govt. Kind of like cash forfeitures.
This is an interesting little slope here......
One thing to remember about technology and the btc network is that it will adapt to deal with intolerable actions. Such as a distributed exchange.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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March 21, 2015, 03:59:05 AM |
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12345mm
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March 21, 2015, 04:04:24 AM |
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what i wonder is whether this is actually a good thing ... i think it is - if all exchanges pay attention to high level thefts / scams AND track the stolen coins from the point of origin AND every single exchange takes action to confiscate illegally obtained coins pending legal system justice / assists law enforcement in tracking down and punishing these criminals ... then no more bitcoin theft crime ? right ? ... it'd basically fall to the dozen or so major exchanges to monitor and enforce legal activity ... if nobody anywhere accepts *obviously* stolen coins on any exchange then large scale theft would not be possible ? (without adequate mixing / obfuscation of origin / slowly spending of stolen coins for goods) ... personally i'd love no exchange anywhere in the world being willing to accept stolen bitcoin ...
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lightfoot
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I fix broken miners. And make holes in teeth :-)
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March 21, 2015, 04:06:44 AM |
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One thing to remember about technology and the btc network is that it will adapt to deal with intolerable actions. Such as a distributed exchange.
Indeed. *dusts off Fortran compiler*
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Cconvert2G36
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March 21, 2015, 04:09:17 AM |
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So at what point does the (insert govt name here) Govt come to the exchanges and demand all of these "dirty" coins. After all they were part of unlawful activity, therefore they all go to the Govt. Kind of like cash forfeitures.
This is an interesting little slope here......
One thing to remember about technology and the btc network is that it will adapt to deal with intolerable actions. Such as a distributed exchange. And how does this distributed exchange deal with fiat transfers to not so distributed bank accounts? A sort of localbitcoins with a distributed back end? Bitcoin was designed to be able to transfer bitcoin globally without controls, not to be able to cash fiat in and out at both ends without control.
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lightfoot
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Activity: 3318
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I fix broken miners. And make holes in teeth :-)
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March 21, 2015, 04:09:35 AM |
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The problem of course is what is a "crime". Not paying taxes is a crime. Farting in a Mormon tabernacle is a crime. Supporting F.G. in china is a crime. Gambling is a crime in many places...
How about things that are deemed "unpopular"? Intentions are always good, executions not always so.
Back to watching bitcoin bounce around.
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