N12 (OP)
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January 30, 2012, 05:46:20 AM |
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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.
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No Gods or Kings. Only Bitcoin
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BurtW
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All paid signature campaigns should be banned.
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January 30, 2012, 05:49:56 AM |
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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.
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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FreeMoney
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Strength in numbers
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January 30, 2012, 05:50:37 AM |
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living on couches
working anywhere I please
holding private keys
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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January 30, 2012, 05:51:57 AM |
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Kim seemed to want a ton of shit. But you could be richer still leaving nothing to be seized.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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cbeast
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Activity: 1736
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Let's talk governance, lipstick, and pigs.
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January 30, 2012, 07:12:41 AM |
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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? |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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jim618
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January 30, 2012, 07:18:07 AM |
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I wonder if there is a Sofa Net for vagabonds looking for a place to crash?
couchsurfing.org |
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cbeast
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Let's talk governance, lipstick, and pigs.
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January 30, 2012, 07:23:41 AM |
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I wonder if there is a Sofa Net for vagabonds looking for a place to crash?
couchsurfing.orgNow it only needs a smartphone app and bitcoin payment and I'll pack my knapsack and sleeping bag. |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Phinnaeus Gage
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Bitcoin: An Idea Worth Spending
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January 30, 2012, 07:43:39 AM |
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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~ |
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FreeMoney
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Activity: 1246
Merit: 1014
Strength in numbers
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January 30, 2012, 08:16:17 AM |
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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. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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Bitcoin Oz
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January 30, 2012, 09:06:01 AM |
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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.
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dogisland
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January 30, 2012, 10:02:21 AM |
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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.
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N12 (OP)
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January 30, 2012, 10:06:03 AM |
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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.
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EhVedadoOAnonimato
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January 30, 2012, 10:47:02 AM |
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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. |
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chsados
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January 30, 2012, 11:02:05 AM |
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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 |
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cryptoxchange
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January 30, 2012, 11:08:59 AM |
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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 |
Crypto X Change Global Bitcoin Exchange - Deposit & Withdraw to and from Our Exchange now for a $5 Flat fee - No Wire Costs or Bank Fee's - 100% Automated Banking System & Extremely fast transfers. We can send out Withdraws to over 120 Currencies. www.cryptoxchange.com |
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chsados
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January 30, 2012, 12:59:17 PM |
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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? |
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paraipan
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Firstbits: 1pirata
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January 30, 2012, 01:09:53 PM |
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I wonder if there is a Sofa Net for vagabonds looking for a place to crash?
couchsurfing.orgNow 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  |
BTCitcoin: An Idea Worth Saving - Q&A with bitcoins on rugatu.com - Check my rep
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Portnoy
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My money; Our Bitcoin.
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January 30, 2012, 11:26:24 PM |
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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... |
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unicron
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January 31, 2012, 12:02:06 AM |
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cypherdoc
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January 31, 2012, 12:12:06 AM |
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now this is interesting... |
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