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Author Topic: Bitcoin is now officially illegal  (Read 2844 times)
fewcoins (OP)
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December 13, 2014, 02:22:26 AM
 #1

Let's be honest here...
http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/
Criminal charges for selling BTC on localbitcoins??? This guy might face a felony for crying out loud...

Now localbitcoins is shutting down in Germany due to "regulatory issues" coming...

Exchanges are going to start getting banged out for money too now...
BTC Trading Corp was operating a trading business without a license. This was a lengthy investigation examined of BTC Trading Corp’s two subsidiaries, BTC Co and Litecoin Global Exchange, they calculated 426,986 illegal trades from 10,614 registered accounts. The owner must now pay $60,000!

Do you really think this will be the only case ever??? or Plenty more to come???
Kupsi
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December 13, 2014, 02:29:13 AM
 #2

Try to start a bank without a license. USD illegal?

PS: You are pathetic!
fewcoins (OP)
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December 13, 2014, 02:38:02 AM
 #3

Try to start a bank without a license. USD illegal?

PS: You are pathetic!

Im not the one asking for trading advice from someone who called a solid bottom at $600 lmfao! Please leave & lose your money quietly...
The point is regulation is coming & the price will continue to drop as more bad news comes out & as more "good" news like MSFT only causes $10 pops in price!
nowfel
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December 13, 2014, 02:45:06 AM
 #4

Try to start a bank without a license. USD illegal?

PS: You are pathetic!

like the answer ! can we ask world-bank for declare bitcoin a legal currency?
fewcoins (OP)
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December 13, 2014, 02:49:29 AM
 #5

Try to start a bank without a license. USD illegal?

PS: You are pathetic!

like the answer ! can we ask world-bank for declare bitcoin a legal currency?

No sorry, they have already said it was a "naturally occurring" Ponzi scheme...
They admit that it might not have started off that way but it is definitely happening now & anyone who denies it needs to look up the definition asap
They would never ever endorse bitcoin... just you asking shows how little you know
fewcoins (OP)
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December 13, 2014, 03:56:14 PM
 #6

I know it's hard to face facts guys... but real money is at risk... the big guys won't lose only you guys buying
inca
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December 13, 2014, 04:02:55 PM
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Fuck off.
bitcoinbelieve
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December 13, 2014, 04:03:11 PM
 #8

I know it's hard to face facts guys... but real money is at risk... the big guys won't lose only you guys buying

fiat is not back up anything, it is just paper. The main reason why fiat has valued is that the masses see it as it does. So fiat is not "real" money
Febo
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December 13, 2014, 04:05:44 PM
 #9

You should change title. Since you cant say that cars are illegal. if stealing cars is illegal. It is just illegal to steal anything.


What you wrote was that selling bitcoins without paying tax on profit from it is illegal. I guess it is in some countries, possibly yours. But not in our. In our country mining bitcoins and dont pay tax on profit gained is illegal. You can sell or buy them and make profit easily.
Tzupy
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December 13, 2014, 04:13:56 PM
 #10

"This law wasn't intended to apply against individuals who simply exchange bitcoins," Lowy (defense attorney) said.
"It would be no different than if an individual were to sell rare coins, rare stamps or to conduct a garage sale and give anything of value in exchange for currency."

So judge Fleur Lobree is anti-bitcoin (or just idiotic). I hope the jury trial will dismiss the charges, or a dangerous precedent will be created.

Sometimes, if it looks too bullish, it's actually bearish
Kluge
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December 13, 2014, 04:15:12 PM
 #11

You should change title. Since you cant say that cars are illegal. if stealing cars is illegal. It is just illegal to steal anything.


What you wrote was that selling bitcoins without paying tax on profit from it is illegal. I guess it is in some countries, possibly yours. But not in our. In our country mining bitcoins and dont pay tax on profit gained is illegal. You can sell or buy them and make profit easily.
US AML license is more about audits and control than taxes. In most states, you need to either be a financial service or be rich enough for a company to be willing to lease a bond to you -- this intentionally keeps non-ultra-rich people out whether they're willing to pay taxes or not (I'd guess the reasoning here is relatively poor people don't have enough to lose and may behave irresponsibly or without sufficient regard for the law). US wants to ensure they can control the entry & exit points for the US dollar. It isn't even really about bitcoin.
JimboToronto
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December 13, 2014, 04:43:57 PM
 #12

Bitcoin is now officially illegal

Oh noes. Such bad news.



Quick. Dump all your coins and sign up for as many credit cards as possible.

Also don't forget to "warn" as many people as possible by spamming FUD all over the internet.

 Smiley Wink Cheesy Grin Cool
NotLambchop
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December 13, 2014, 04:46:02 PM
 #13

...
Quick. Dump all your coins and sign up for as many credit cards as possible.
...

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.
truetalkci
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December 13, 2014, 04:50:37 PM
 #14

...
Quick. Dump all your coins and sign up for as many credit cards as possible.
...

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

JimboToronto turns out to be a scammer should be banned!
BlindMayorBitcorn
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December 13, 2014, 04:58:49 PM
 #15

...
Quick. Dump all your coins and sign up for as many credit cards as possible.
...

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

JimboToronto turns out to be a scammer should be banned!

Hmmmm:)

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
JimboToronto
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December 13, 2014, 04:59:09 PM
 #16

I see Trollchop followed one of my posts with an immediate post of her own.

Let me guess (I'm not going to peek).

Tadalafil... Grandpa #1...  brony pic... lizards... ?

Never any real substance. So predictable. So pathetic.

Wish I'd put her on ignore sooner. It's like giving the neighbor's yapping little Chihuahua a laryngectomy.
NotLambchop
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December 13, 2014, 05:01:16 PM
 #17

^So consistently wrong Sad
Paashaas
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December 13, 2014, 05:03:16 PM
Last edit: December 13, 2014, 05:22:02 PM by Paashaas
 #18

Let's be honest here...
http://www.coindesk.com/localbitcoins-users-criminal-charges-florida/
Criminal charges for selling BTC on localbitcoins??? This guy might face a felony for crying out loud...

Now localbitcoins is shutting down in Germany due to "regulatory issues" coming...

Exchanges are going to start getting banged out for money too now...
BTC Trading Corp was operating a trading business without a license. This was a lengthy investigation examined of BTC Trading Corp’s two subsidiaries, BTC Co and Litecoin Global Exchange, they calculated 426,986 illegal trades from 10,614 registered accounts. The owner must now pay $60,000!

Do you really think this will be the only case ever??? or Plenty more to come???


Are you mentally ill?

This is old news from 10 months ago, jezus christ how low can you sink.
Tzupy
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December 13, 2014, 05:09:22 PM
 #19

...
Are mentally ill?
This is old news from 10 months ago, jezus christ how low can you sink.

Ahem... Published on December 12, 2014 at 22:58 GMT

Sometimes, if it looks too bullish, it's actually bearish
JimboToronto
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December 13, 2014, 05:16:35 PM
 #20

...
Quick. Dump all your coins and sign up for as many credit cards as possible.
...

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

JimboToronto turns out to be a scammer should be banned!

Hmmmm:)

Aha. It becomes clearer.

I don't usually approve of quoting trolls who are on most people's ignore list but thanks for the heads up.

A while back I berated noob Cassandra for not having a life because she posted the same ancient post with the same highlighting and I thought she had nothing better to do with her time than dig through my post history for a 7-month-old post in an attempt at a "rebuttal".

Perhaps I owe Cassandra an apology. It seems (surprise, surprise) that it's Trollchop who has no life.

I won't bother typing in a response as I did for Cassandra. I'll see If I can find what I posted to her.

Wow. This is hilarious. Trollchop, get a life.

Truetalkci, learn and think before posting. Foolish noob.
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