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Author Topic: BitCoins - Currency of the future?  (Read 44501 times)

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ferrari32

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Re: BitCoins - Currency of the future?
« Reply #90 on: January 11, 2017, 06:49:47 pm »
Banks are obligated to
To show any info about client for requests due legal reasons.
With a court order, yes. Which is only requested due to theft/fraud that surpasses cca 400$. And customs officers don't have the legal authority to even request those.
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vito

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Re: BitCoins - Currency of the future?
« Reply #91 on: January 11, 2017, 06:53:08 pm »
With a court order, yes. Which is only requested due to theft/fraud that surpasses cca 400$. And customs officers don't have the legal authority to even request those.
It depends on the laws of your own country.
You lost the point about government's part. It's not about just "customs". What are you going to prove? You technically able to use bitcoin currently? It's clearly it is.
« Last Edit: January 11, 2017, 07:17:52 pm by vito »
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Re: BitCoins - Currency of the future?
« Reply #92 on: January 12, 2017, 04:58:01 am »
ATM's are owned by private banks. Banks are obligated to keep a customer's account credentials and transfers private, and accessible to only him.

Exactly,its private afterall, but BTC is 10x more private than a normal bank account since BTC doesn't keep/ask for your personal info as much as bank requires.
And when I say 'x' amount of $ withdrawn from ATM (btc), it doesn't mean you gotta bear a bank account/ATM card but it all works with one simple tiny QR code aka Paper wallet which is still private for 2nd person.

There are many countries where they doesn't question about the number of $ you have, for example UAE (Dubai) would never bother if you got trillions more than the country's asset :) So it is very simple to launder money from your BTC (if its illegal in your country) to hard cash by flaming your government with the help of 'BTC ATM--->Deliver cash via Hawala to(google it)----->Country where they doesn't have tax(like UAE) and then the competition is over.
A smuggling business always work under strict master plans since it is not VCMP  $ 8)
Another style of laundering cash withdrawn from BTC are by Casino gambling, investing in a business and take share, donating to a charity(These steps are played with the knowledge of the inside people so that smuggler get his money as white money) Then which government have got rights to question him?

It's possible to track by number, especially if you got it from ATM. But I think you not got the point.
It doesn't make any sense if the value of $ is less, and no fool is gonna spend the same currency if the amount of withdrawn $ is too high :)

P.S: The most notorious BTC gambler is a Russian whose annual income is 11 billion USD.

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vito

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Re: BitCoins - Currency of the future?
« Reply #93 on: January 12, 2017, 05:47:00 am »
BTC is 10x more private than a normal bank account since BTC doesn't keep/ask for your personal info as much as bank requires.
But everyone able to see transactions :)
Then which government have got rights to question him?
If government is do not cares about real source of money then you can sell BTC/human organs/children/drugs in others countries, just care about your privacy during deals and wash money. Profit.
It doesn't make any sense if the value of $ is less, and no fool is gonna spend the same currency if the amount of withdrawn $ is too high
I'ts only because it's still hard to control currently. So they ignoring small cases. My point was about future. Trends of it we can see already.
« Last Edit: January 12, 2017, 05:48:31 am by vito »
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Charley

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Re: BitCoins - Currency of the future?
« Reply #94 on: January 12, 2017, 10:38:33 am »
Sooooo.... I lost the password to my bitcoin wallet

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Re: BitCoins - Currency of the future?
« Reply #95 on: January 12, 2017, 02:58:40 pm »
But everyone able to see transactions :)
But still you can't see who did those transaction :) (example: 'a' sent 1 btc (787 USD) to 892J4pUCAkjr5O6d7LnPksfVjm3pEl0hKgZ)

If government is do not cares about real source of money then you can sell BTC/human organs/children/drugs in others countries, just care about your privacy during deals and wash money. Profit.
Its not that government doesn't care about the origin of the money it is that BTC customers are tricking government by laundering money using bitcoin banking :)
 
I'ts only because it's still hard to control currently. So they ignoring small cases. My point was about future. Trends of it we can see already.
It says 'someone' sent x$ to 'btc address' (see the first quote) and no intelligence agency can track that crazy btc address since bitcoins itself don't have it in their database as BTC always generate random identities or wallet address as per your request.
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vito

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Re: BitCoins - Currency of the future?
« Reply #96 on: January 12, 2017, 06:08:58 pm »
But still you can't see who did those transaction :) (example: 'a' sent 1 btc (787 USD) to 892J4pUCAkjr5O6d7LnPksfVjm3pEl0hKgZ)
They can see an exchange from his 892J4pUCA* to real money. (don't even tell about mixers and etc shit for semi-crime).
Its not that government doesn't care about the origin of the money it is that BTC customers are tricking government by laundering money using bitcoin banking :)
It's that, and it's only reason why you still able to use it when it's illegal. Just it's not expedient to spend their resources to you (currently, since need high resources for that (but not in future). So you can feel you are tricking government using bitcoin.
It says 'someone' sent x$ to 'btc address' (see the first quote) and no intelligence agency can track that crazy btc address since bitcoins itself don't have it in their database as BTC always generate random identities or wallet address as per your request.
Lole. It lookign as "crazy btc address" for you only, not for PC and all transactions is available for public in sites like https://blockchain.info/
And as I said before they will identify you when you will link it with real world. (if you are needed for them)
« Last Edit: January 12, 2017, 06:10:31 pm by vito »
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Re: BitCoins - Currency of the future?
« Reply #97 on: January 13, 2017, 05:04:34 am »
They can see an exchange from his 892J4pUCA* to real money. (don't even tell about mixers and etc shit for semi-crime).
Can they findout who is 892J4pUCA* ? I don't think so , if you say yes then you may explain it :)

It's that, and it's only reason why you still able to use it when it's illegal. Just it's not expedient to spend their resources to you (currently, since need high resources for that (but not in future). So you can feel you are tricking government using bitcoin.
You didn't understand my point, all I was saying is 'government can't fuck with btc money launderers :) use btc and convince yourself man  ;)

Lole. It lookign as "crazy btc address" for you only, not for PC and all transactions is available for public in sites like https://blockchain.info/
And as I said before they will identify you when you will link it with real world. (if you are needed for them)
Public site? omg  :D blockchain is not a public site lol, it is more like a  database for blocks and the URL you linked here isn't public site either :P The transaction is shown but it doesn't leak anyone's privacy lol, every second you see millions transaction in blockchain, it doesn't mean they are telling you 'person' sent '$' to 'person2' its telling hash hash hash :D
go there and make an account first(don't forget to keep some penny inside the wallet after creating an account) and reply here about the new logic you said above :)
They cant identify the user's dox info(personal details) :) and idk wtf they gain by knowing the BTC address lmao, maybe you can send em some cash :D
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vito

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Re: BitCoins - Currency of the future?
« Reply #98 on: January 13, 2017, 10:47:25 am »
Can they findout who is 892J4pUCA* ? I don't think so
government can't fuck with btc money launderers :) use btc and convince yourself man 
blockchain is not a public site lol, it is more like a  database for blocks and the URL you linked here isn't public site either  :P The transaction is shown but it doesn't leak anyone's privacy lol, every second you see millions transaction in blockchain, it doesn't mean they are telling you 'person' sent '$' to 'person2' its telling hash hash hash :D
idk wtf they gain by knowing the BTC address lmao, maybe you can send em some cash :D
Sure blockchain is not site, just that site storing public info of blockchain. And yes, it's public site. It's easy to find any 892J4pUCA* in your history (not 'preson', it's about your 'crazy adress') since each transaction is public, they will identify your real name when you exchange it to real cash in exchange services (again: if gov. care about it). There is no such thing as privacy for government. It is an idol for naive public.
« Last Edit: January 13, 2017, 10:53:32 am by vito »
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Re: BitCoins - Currency of the future?
« Reply #99 on: January 13, 2017, 11:08:58 am »
since each transaction is public, they will identify your real name when you exchange it to real cash in exchange services

-Exchange service are (brokers/ATM)
Brokers are doing the exchange service which is illegal too since there are no exchange service in those countries where btc are illegal, so you might have kept one or two brokers in your favorite list as you will buy/sell only from them, now who copied the (from public transaction details) sender address/code to trace someone who prefer to make deal to exchange coins from a broker?
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vito

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Re: BitCoins - Currency of the future?
« Reply #100 on: January 13, 2017, 12:31:17 pm »
Brokers are doing the exchange service which is illegal too since there are no exchange service in those countries where btc are illegal, so
So brokers are illegal too. It's just a crime market.
now who copied the (from public transaction details) sender address/code to trace someone who prefer to make deal to exchange coins from a broker?
After that broker will be arrested some data may be given from him to gov (or even before via backdoors in his computer). So it would be basically equal as any crime. Only expediency (spending resources/results) is important here, and since progress bring automatisation that spending of resources will be less day by day.
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Re: BitCoins - Currency of the future?
« Reply #101 on: January 13, 2017, 03:11:55 pm »
So brokers are illegal too. It's just a crime market.
Ofco who said it is not? :)

After that broker will be arrested some data may be given from him to gov (or even before via backdoors in his computer). So it would be basically equal as any crime. Only expediency (spending resources/results) is important here, and since progress bring automatisation that spending of resources will be less day by day.

I don't see any major chance to make any random guy (broker) as a suspect since he will be more careful.
A BTC miner (basically a broker) is not that noob to execute received stub(post backdoor) in his working PC where he manage his coins,such icons will be using a separate PC for downloading shits or to get infected by backdoors.
Talking about crime, yes it is a crime in most of the country.I even told it is useful for such people.

BTC money launderers said to be anonymous in many angles since the founder of BTC(Satoshi Nakamoto) is an unknown person, well the media shows one guy but he is not the one who founded bitcoins as you can stalk it in the deep web.
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vito

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Re: BitCoins - Currency of the future?
« Reply #102 on: January 13, 2017, 07:06:47 pm »
Ofco who said it is not? :)
Then what point to discuss? Bitcoin for semi-crime currently? Yes. For major crime it will not help. It's just a toy for geeks.
Silk Road's case clearly shows it.
I don't see any major chance
Yes you don't.
A BTC miner (basically a broker) is not that noob to execute received stub(post backdoor) in his working PC
Most of them is *too noobs* because even don't know how computer forensics works. You don't need to make target to  "execute" anything. There is alot of vulnerability in software and network connection is under government's control as alot of software developers too... Your privacy very-well protected because only one reason - government doesn't really care about you.
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Re: BitCoins - Currency of the future?
« Reply #103 on: May 25, 2017, 07:38:09 am »
Its skyrocketing.
~2000USD
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Charley

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Re: BitCoins - Currency of the future?
« Reply #104 on: May 25, 2017, 07:41:21 pm »
I lost my password  :'( :'( :'( :'( :'(
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