Hiding your assets from the government via BTC

[N12]

Do you think Kim Dotcom could have used Bitcoins to do so, instead of having everything seized? If I think about it, it makes lots of sense for rich people to diversify a certain percentage into BTC.

[BurtW]

I have thought about this and noted that you can hide a much value as you want on one physical bitcoin in your pocket.  Or even better yet, with a deterministic wallet you can hide as much wealth a you want to in your head!

Good luck trying to seize that - well waterboarding might do the trick.

[FreeMoney]

living on couches
working anywhere I please
holding private keys

[FreeMoney]

Kim seemed to want a ton of shit. But you could be richer still leaving nothing to be seized.

[cbeast]

living on couches
working anywhere I please
holding private keys

That's the life. 
I wonder if there is a Sofa Net for vagabonds looking for a place to crash?

[jim618]

I wonder if there is a Sofa Net for vagabonds looking for a place to crash?

couchsurfing.org

[cbeast]

I wonder if there is a Sofa Net for vagabonds looking for a place to crash?

couchsurfing.org

Now it only needs a smartphone app and bitcoin payment and I'll pack my knapsack and sleeping bag.

[Phinnaeus Gage]

living on couches
working anywhere I please
holding private keys

I'm sure Matthew's going to come along and snatch this up and publish it in the haiku section of Bitcoin Magazine.

~Bruno~

[FreeMoney]

living on couches
working anywhere I please
holding private keys

I'm sure Matthew's going to come along and snatch this up and publish it in the haiku section of Bitcoin Magazine.

~Bruno~

Lol, that's fine, just don't give me credit.

[Bitcoin Oz]

The real reason he got shut down was megaupload was about to bring out a service where 90% of revenue went back to the artist. Obviously the music industry being what it is they called their mates in  the FBI and got it squashed.

[dogisland]

The problem with hiding money in Bitcoin would be it's volatility. If the price falls you would lose a large part of your assets.

[N12]

Better to retain only 4% (maximum from 32 to 2, and that happened over a period of half a year, not suddenly) than 0% because all is seized, IMO.

[EhVedadoOAnonimato]

The problem with hiding money in Bitcoin would be it's volatility. If the price falls you would lose a large part of your assets.

And the problem with hiding money from governments in general (bitcoin or not) is how to spend it after, without getting caught.

I mean, you can spend on small consumable items, no problems. But go buy yourself a house or even a good car with undeclared money, and things start getting more difficult.

[chsados]

The real reason he got shut down was megaupload was about to bring out a service where 90% of revenue went back to the artist. Obviously the music industry being what it is they called their mates in  the FBI and got it squashed.

source?  i know they released that video with all those artists but never heard he was trying to do this

[cryptoxchange]

The real reason he got shut down was megaupload was about to bring out a service where 90% of revenue went back to the artist. Obviously the music industry being what it is they called their mates in  the FBI and got it squashed.

source?  i know they released that video with all those artists but never heard he was trying to do this

Here's one article - http://expertscolumn.com/content/why-megaupload-was-really-shutdown

[chsados]

The real reason he got shut down was megaupload was about to bring out a service where 90% of revenue went back to the artist. Obviously the music industry being what it is they called their mates in  the FBI and got it squashed.

source?  i know they released that video with all those artists but never heard he was trying to do this

Here's one article - http://expertscolumn.com/content/why-megaupload-was-really-shutdown

"We have a solution called the Megakey that will allow artists to earn income from users who download music for free," D-o-t-c-o-m outlined. "Yes that's right, we will pay artists even for free downloads. The Megakey business model has been tested with over a million users and it works."

mind = blown.  

bitcoin + anonyupload + megakeys model = win?!  

is there any info out there how this exactly would have worked?  im assuming it would tie in the strategy all those megaupload users in the movie RLS blogs used?

[paraipan]

I wonder if there is a Sofa Net for vagabonds looking for a place to crash?

couchsurfing.org

Now it only needs a smartphone app and bitcoin payment and I'll pack my knapsack and sleeping bag.

i wanna do that, see the world 

[Portnoy]

The real reason he got shut down was megaupload was about to bring out a service where 90% of revenue went back to the artist. Obviously the music industry being what it is they called their mates in  the FBI and got it squashed.

source?  i know they released that video with all those artists but never heard he was trying to do this

Here's one article - http://expertscolumn.com/content/why-megaupload-was-really-shutdown

"The requested page could not be found."


hmm...

[unicron]

"The requested page could not be found."

Google cache

http://webcache.googleusercontent.com/search?q=cache:yVTj7uX9wxQJ:expertscolumn.com/content/why-megaupload-was-really-shutdown+&cd=1&hl=en&ct=clnk&gl=us&client=firefox-a

[cypherdoc]

"The requested page could not be found."

Google cache

http://webcache.googleusercontent.com/search?q=cache:yVTj7uX9wxQJ:expertscolumn.com/content/why-megaupload-was-really-shutdown+&cd=1&hl=en&ct=clnk&gl=us&client=firefox-a

now this is interesting...