Gold collapsing. Bitcoin UP.

[cypherdoc]

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.

surely you are not talking about these pallet fulls of Bitcoin.  are you?:

[1713290814]

1713290814

[cypherdoc]

this sounds generally positive:

"Regarding FATF’s proposal, she said: "In a way the organisation is supportive of bitcoin businesses and them not being denied bank accounts. I think that there is also concern that by denying [bank accounts to] whole industries or sectors of industries there is the unintended consequence of driving the money transmission systems underground."

http://bitcoinvox.com/article/1581/fatf-proposed-new-aml-guidelines

[rocks]

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.

One might say it has been easier to identify crimes with Bitcoin, which is why there are so many instances of Bitcoin and "illegal" activity in the news. Many of the major scammers & criminals have been found and caught (Pirate's BS&T, Silk Road, etc).

So it is simply a matter of confirmation basis. It has been easier for the government to track down bitcoin transactions, than cash transactions, so there is more crime in the news on bitcoin.

Take the latest DEA and Secret Service theft. This happens ALL THE TIME, it is STANDARD in some districts. But now with Bitcoin they got caught. If you have been following this it is crazy how open and unprofessional the theft was. The only explanation is with cash and other physical assets it has been so easy to just pocket shit that government agents never even had to bother with being careful.

But with bitcoin they got caught (apparently because the government has already learned how to monitor/track the blockchain).

Is this crime a negative statement on bitcoin? Or is bitcoin simply bringing to light corruption that is already there. I believe it is the later.

[rocks]

this sounds generally positive:

"Regarding FATF’s proposal, she said: "In a way the organisation is supportive of bitcoin businesses and them not being denied bank accounts. I think that there is also concern that by denying [bank accounts to] whole industries or sectors of industries there is the unintended consequence of driving the money transmission systems underground."

http://bitcoinvox.com/article/1581/fatf-proposed-new-aml-guidelines

Tell that to the porn or gun industries. Lots of them have been denied banking services or have to pay through the roof for them.

[cypherdoc]

Or is bitcoin simply bringing to light corruption that is already there. I believe it is the later.

yes, it has to be.

when one reads the documents carefully, it's clear that the brazenness with which these guys operated implied a certain level of comfort, familiarity, and hubris with the process that repeated itself numerous times during those months.

[NewLiberty]

Or is bitcoin simply bringing to light corruption that is already there. I believe it is the later.

yes, it has to be.

when one reads the documents carefully, it's clear that the brazenness with which these guys operated implied a certain level of comfort, familiarity, and hubris with the process that repeated itself numerous times during those months.

This.

If bitcoin were ever used transactionally by governments, it could become the single biggest anti-corruption breakthrough in the history of government.

The IMF cites corruption as one of the biggest drags on global economy, and most specifically harmful to investment in education.
https://www.imf.org/EXTERNAL/PUBS/FT/ISSUES6/INDEX.HTM

[cypherdoc]

we're getting close.

the stars are aligning.

[tabnloz]

As has been said, the irony of criminals fleeing bitcoin for cash would be hilarious.

[cypherdoc]

As has been said, the irony of criminals fleeing bitcoin for cash would be hilarious.

looking forward to flipping Gresham's Law on its head; good money drives out bad.

[iCEBREAKER]

I'm sure this EO will never be misused...

https://www.reddit.com/r/Bitcoin/comments/31443f/donating_to_snowden_is_now_illegal_and_the_us/

Uh oh, I better note the address so I don't accidentally civil disobedience by sending it BTC.  Especially not using XMR.to.

https://wikileaks.org/freesnowden
Official bitcoin address: 1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa (please verify this for yourself on the abovelinked page)

[sporket]

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

... the fact that bitcoin is used mainly to commit various flavors of crime? ...

... you have zero evidence for this shameful lie. You are just a propaganda shill for stupidly repeating it, calling it a "fact" makes you a prime AH.

Bitcoin is used no more, but probably less to "commit crime" than fiat currencies as a percentage of total bitcoin usage. In terms of total overall usage, cash USD by many orders of magnitude has the largest volume in criminal activity.

Hard facts are impossible to obtain.  Mainly due to the fact that criminals, as a rule, do not provide 100% truthful quarterly financial statements.  Pseudonymity of Bitcoin also contributes to this [unsurprising] dearth of hard facts.

If you are looking for circumstantial evidence, let's start with you redacting it for from my quote.  The part about Bitcoin Foundation's Vice Chairman doing a 2-year stretch for financial crimes.  Pretty sneaky, Bitcoin criminal, but about as sophisticated & likely to end well as DPR paying some Anon claiming to be R&W for a hit.  And then writing down his deft kr1mez in his diary



But Bitcoin lends itself to more than simply allowing basement-dwelling neckbeards to pay ~double the street price for their dope & "investing" in "Bitcoin securities" and "Bitcoin banks" [which, in turn, run away with their coin].  Observe:

[BitcoinNewbie15]

Heads up

https://blockchain.info/charts/n-transactions?status=moon

Nice! that right there shows bitcoin is more active than ever hopefully it continues to grow

P.S nice "status=moon" in the address bar, made me chuckle. Hopefully this will help BTC moon

[cypherdoc]

gold dump

[Adrian-x]

True, but Shrem isn't doing Bitcoin any favors, the foundation needs to distance themselves from him.

Did you really just put a man who ran an honest business that harmed no one in the same moral category as two gangsters who ran an extortion racket under the colour of law?

Yes

[cypherdoc]

rapidly approaching the danger zone.  this is good for Bitcoin:

[rocks]

I'm sure this EO will never be misused...

https://www.reddit.com/r/Bitcoin/comments/31443f/donating_to_snowden_is_now_illegal_and_the_us/

Uh oh, I better note the address so I don't accidentally civil disobedience by sending it BTC.  Especially not using XMR.to.

https://wikileaks.org/freesnowden
Official bitcoin address: 1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa (please verify this for yourself on the abovelinked page)

I like the point your miner approach.

http://www.reddit.com/r/Bitcoin/comments/315vee/anonymous_donations_to_edward_snowden_point_your/

Mined coins (either new or fee based) have no history and are completely clean and untraceable. If you create a new pool ID and mine behind tor you are about as secure as I can imagine.

Edit: Obama's latest EO above kind of tripped something inside me. I'm writing in traitor Snowden for governor & President in the next election. Obama, Bush, Hillary and their army of bureaucrats are the actual traitors. Obama has made it illegal to donate money to a traitor, is it also illegal to vote for and campaign for a traitor?

Edit 2: Cool, it's already a thing. https://www.facebook.com/Snowdenfor2016

[smooth]

I'm sure this EO will never be misused...

https://www.reddit.com/r/Bitcoin/comments/31443f/donating_to_snowden_is_now_illegal_and_the_us/

Uh oh, I better note the address so I don't accidentally civil disobedience by sending it BTC.  Especially not using XMR.to.

https://wikileaks.org/freesnowden
Official bitcoin address: 1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa (please verify this for yourself on the abovelinked page)

I like the point your miner approach.

http://www.reddit.com/r/Bitcoin/comments/315vee/anonymous_donations_to_edward_snowden_point_your/

Mined coins (either new or fee based) have no history and are completely clean and untraceable. If you create a new pool ID and mine behind tor you are about as secure as I can imagine.

Edit: Obama's latest EO above kind of tripped something inside me. I'm writing in traitor Snowden for governor & President in the next election. Obama, Bush, Hillary and their army of bureaucrats are the actual traitors. Obama has made it illegal to donate money to a traitor, is it also illegal to vote for and campaign for a traitor?

You may create trouble for the pool though. Maybe a good or bad thing depending on your ultimate objectives.

[smooth]

...
most ppl still have not caught onto the idea that Bitcoin is fundamentally about honesty and hope...

Could that have anything to do with the fact that bitcoin is used mainly to commit various flavors of crime?  I mean, Bitcoin Foundation's Vice Chairman is doing time for money laundering

There is better evidence that almost all of the activity is still speculative and it makes sense that "most ppl" are not speculators.

[rocks]

I'm sure this EO will never be misused...

https://www.reddit.com/r/Bitcoin/comments/31443f/donating_to_snowden_is_now_illegal_and_the_us/

Uh oh, I better note the address so I don't accidentally civil disobedience by sending it BTC.  Especially not using XMR.to.

https://wikileaks.org/freesnowden
Official bitcoin address: 1snowqQP5VmZgU47i5AWwz9fsgHQg94Fa (please verify this for yourself on the abovelinked page)

I like the point your miner approach.

http://www.reddit.com/r/Bitcoin/comments/315vee/anonymous_donations_to_edward_snowden_point_your/

Mined coins (either new or fee based) have no history and are completely clean and untraceable. If you create a new pool ID and mine behind tor you are about as secure as I can imagine.

Edit: Obama's latest EO above kind of tripped something inside me. I'm writing in traitor Snowden for governor & President in the next election. Obama, Bush, Hillary and their army of bureaucrats are the actual traitors. Obama has made it illegal to donate money to a traitor, is it also illegal to vote for and campaign for a traitor?

You may create trouble for the pool though. Maybe a good or bad thing depending on your ultimate objectives.

P2P Pool? Non-US based pools?

Your point highlights the need for P2P style decentralized pools IMHO.

[justusranvier]

Mined coins (either new or fee based) have no history and are completely clean and untraceable. If you create a new pool ID and mine behind tor you are about as secure as I can imagine.

Not if Coinbase gets their way:

http://www.coindesk.com/coinbase-seeks-details-us-bitcoin-mining/