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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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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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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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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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?
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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.
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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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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.
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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
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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
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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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