brandnewx
Newbie
 Offline
Activity: 15
Merit: 0
|
 |
June 29, 2013, 02:40:02 AM |
|
Someone can just set up a secret dark exchange on tor if being anonymous is so important. Well, that's the problem... However anonymous you want to be, there will always be a point along the chain where you want to trade to or from fiat. And unless you meet from person to person to trade some fiat for BTC, or want to trade some higher amount, then there will always be the government keeping an eye on the fiat. The only way to stay truly anonymous is to not involve fiat at all... And, BTC without a fiat price tag attached to it is worthless (in fiat term...). Totally agree with this. Right now BTC value is entirely expressed in fiat terms, hence the BTC/USD, BTC/RUR pairs. When Bitcoin is accepted in the mainstream, on the streets as a currency, BTC would no longer need to be associated with fiats but right now... like it or not, BTC needs fiat exchanges. |
|
|
|
|
|
|
|
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
Severian
|
|
June 29, 2013, 04:45:02 AM |
|
It's not about lining up with governments. It's about legal framework of how this world works. That's the same thing as falling in line with ridiculous decrees from arbitrary agencies that have no accountability to us, the regulated. If you want to jump through their hoops for fiat, knock yourself out. |
|
|
|
|
|
Severian
|
|
June 29, 2013, 04:46:20 AM |
|
Warning! Rational thinking is met with severe hatred around these parts.
So I've noticed. Statists and sellouts don't operate from rationality. |
|
|
|
|
|
jago25_98
|
|
June 29, 2013, 05:00:42 AM |
|
anomymous transactions are not only useful for criminals.
this is the anonimity argument again. similar to the guns argument. there are pros and.cons but think about concentration vs decentralisation of power.
as just one example, would you.buy a 23andme genetic testing kit and trust google not to store you cc info next to your google openid info/facebook and all the rest?
|
Bitcoiner since the early days. Crypto YouTube Channel: Trading Nomads | Analyst | News Reporter | Bitcoin Hodler | Support Freedom of Speech!
|
|
|
digicoin
Legendary
Offline
Activity: 1106
Merit: 1000
|
|
June 29, 2013, 06:33:21 AM |
|
OK. So every transaction is recorded and regulated. Bad news for a lot of big traders  |
|
|
|
|
vokain (OP)
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
June 29, 2013, 06:55:52 AM |
|
OK. So every transaction is recorded and regulated. Bad news for a lot of big traders like it hasn't been already? There's a log for every single transaction you conduct in every single exchange, in addition to the blockchain |
|
|
|
|
|
massivebitman
|
|
June 29, 2013, 07:01:32 AM |
|
how do I get the full text? is it possible without subscribing?
|
|
|
|
vokain (OP)
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
June 29, 2013, 07:09:19 AM |
|
how do I get the full text? is it possible without subscribing?
3rd post |
|
|
|
|
|
massivebitman
|
|
June 29, 2013, 07:13:17 AM |
|
how do I get the full text? is it possible without subscribing?
3rd post oh lol, that's it... OK so what does this mean? They haven't been approved, they've only applied? |
|
|
|
|
fr33d0miz3r
|
|
June 29, 2013, 07:16:15 AM |
|
oh lol, that's it...
OK so what does this mean?
They haven't been approved, they've only applied?
It just means they 'said' to FinCEN that they are (probably) intended to comply with the laws in the future. No more. |
|
|
|
|
|
monkeybars
|
|
June 29, 2013, 07:26:15 AM |
|
Overall this was an inevitable step for Mt Gox and will bring stability to markets.
Surely an anonymous exchange will pop up if it hasn't already, just like there are anon markets. Probably on distributed basis. Until then, the exchanges will have to comply, since the authorities have leverage.
Exchange will be a foregone conclusion once Bitcoin is the norm. We'll have to translate fiat amounts into BTC to get a feel for their value. ~2020
|
|
|
|
|
|
massivebitman
|
|
June 29, 2013, 07:29:14 AM |
|
hrmm so this really shouldn't have any effect on the price... But it will perhaps get more people moving back to Gox again?
|
|
|
|
|
phoenix1
|
|
June 29, 2013, 07:44:03 AM |
|
hrmm so this really shouldn't have any effect on the price... But it will perhaps get more people moving back to Gox again?
I am surprised it has take this long to apply ... it was obvious they would have to or 'face the consequences' If it has any effect on people's confidence in Gox we will see the spread between the other exchanges narrow. That is the 'Gox Confidence Barometer'. I am not convinced that this downturn actually has much to do with the Gox withdrawal issues anyway. If anything they may be slowing the fall as some people feel pressured to buy coins and move them instead of leaving their cash there. |
"Before you embark on a journey of revenge, dig two graves" - Confucius (China 551BC-479 BC)
|
|
|
Jaroslaw
Member
Offline
Activity: 84
Merit: 10
supernode
|
|
June 29, 2013, 07:53:17 AM |
|
So bitcoin was supposed to be anomyus but now USA have acces to all transations on mtgox thats isnt good.
|
|
|
|
|
|
Gordon Bleu
|
|
June 29, 2013, 07:57:15 AM |
|
The Buy Window is closing you say ¨!
|
♥♥AROUSR.COM♥♥ The Adult Chat Community (21+) We now accept BTCitcoins  |
Connect with hot girls for chat, talk, trade pics and more!➠Visit http://arousr.com (21+)| |
|
|
|
chufchuf
|
|
June 29, 2013, 11:15:32 AM |
|
So bitcoin was supposed to be anomyus but now USA have acces to all transations on mtgox thats isnt good.
Wishful bear if ever i saw one. if it werent registered you'd be fudding about how they're about to close gox |
|
|
|
|
|
xavier
|
|
June 29, 2013, 12:22:25 PM |
|
I'm just wondering how the WSJ got wind of this before anyone else.
I guess MtGox sent a press release to WSJ. A bit obvious, no? |
|
|
|
|
|
crumbs
|
|
June 29, 2013, 02:39:13 PM |
|
Wait. An internet form was filled out possibly by MtGox with following address: Street Address: 615 S Dupont Hwy
City: Dover
State: DELAWARE
MtGox made no official comments. It may be a prank or a stall tactic. Am i missing anything (serious question)? Edit: Where did the word "approved" in the thread topic come from  |
|
|
|
|
MicroGuy
Legendary
Offline
Activity: 2506
Merit: 1030
Twitter @realmicroguy
|
|
June 29, 2013, 11:07:38 PM |
|
This looks like good news for Bitcoin.
|
|
|
|
|
Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
|
|
June 30, 2013, 12:58:37 AM |
|
The greatest disadvantage is that the treasured anonimity may be gone forever You don't have to use Mt. Gox to use Bitcoin. Anyone who cared about anonymity to begin with is entirely unaffected by this turn of events. |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
|
|
|
|
