Border Guards Are Confiscating Cash

[Jewboo]

4628


Border Guards Are Confiscating Cash

:o

[sirgonzo420]

This is a case for Bitcoin.

Since cash and gold/silver are physical, and can be easily found at border checks, a non-physical medium can make the difference between keeping one's life savings, or losing it all.

[Ares]

This is a case for Bitcoin.

Since cash and gold/silver are physical, and can be easily found at border checks, a non-physical medium can make the difference between keeping one's life savings, or losing it all.

Backup, encrypt your wallet, place it on a thumb drive, or hell even an on-line storage account and go where ever you want. Border guards will search only to find no cash at all. You're free to leave. Get to destination. Cash your bitcoins for whatever currency you want.

[madfranks]

It's a point the few of us bitcoin advocates have been trying to make for a while now. In a digital world, anonymous storage and transfer of wealth is very valuable!!!

[Jewboo]

This is a case for Bitcoin.



Government Applies New Money Laundering Rules to Bitcoin, Defeating the Purpose of Bitcoin


https://lh3.ggpht.com/_MSWYMxkfxMY/SA9VPMbRAWI/AAAAAAAAAAc/izUXD84mA-g/s320/000426-medium.gif Nope. Jew World Order is ready for this: Link (http://www.geekosystem.com/bitcoin-laundering-rules/)

[Horn]

Nobody can find a couple well placed maples between my toes.

[vacuum]

Government Applies New Money Laundering Rules to Bitcoin, Defeating the Purpose of Bitcoin


https://lh3.ggpht.com/_MSWYMxkfxMY/SA9VPMbRAWI/AAAAAAAAAAc/izUXD84mA-g/s320/000426-medium.gif Nope. Jew World Order is ready for this: Link (http://www.geekosystem.com/bitcoin-laundering-rules/)



Good luck enforcing that.

[Jewboo]

Good luck enforcing that.



http://thevirtualonlineassistant.com/wp-content/uploads/2011/06/delete-key.jpg

Yeah...your digital money is totally safe from government control...lol.

:D

[sirgonzo420]

Government Applies New Money Laundering Rules to Bitcoin, Defeating the Purpose of Bitcoin


https://lh3.ggpht.com/_MSWYMxkfxMY/SA9VPMbRAWI/AAAAAAAAAAc/izUXD84mA-g/s320/000426-medium.gif Nope. Jew World Order is ready for this: Link (http://www.geekosystem.com/bitcoin-laundering-rules/)



This is a thread about Cyprus, no?

As much as they might like, FinCEN doesn't mean much in Cyprus.

Even still, with the opinion of FinCEN (which does not constitute law), one can still buy bitcoins with FRN and then purchase bullion without the need for any registration with FinCEN.

[Hitch]

I agree with Book here. I bet they already have the technology to push a button and make bitcoin go poof. They are probably skimming profits off of bitcoin the whole time, they are crooks.

Also, cash, gold, and thumb drives are physical. Maybe they have a way of zapping thumb drives off all their data, or just stealing it outright.

I can see why you guys like bitcoins, but I'm not a tech guy. I don't trust paper, or anything digital. I'll stick to gold and silver. Cash, bitcoin, anything digital in the system is a gamble. My two bits.

[sirgonzo420]

I agree with Book here. I bet they already have the technology to push a button and make bitcoin go poof. They are probably skimming profits off of bitcoin the whole time, they are crooks.

Also, cash, gold, and thumb drives are physical. Maybe they have a way of zapping thumb drives off all their data, or just stealing it outright.

I can see why you guys like bitcoins, but I'm not a tech guy. I don't trust paper, or anything digital. I'll stick to gold and silver. Cash, bitcoin, anything digital in the system is a gamble. My two bits.

You can essentially store bitcoins on a wallet/passphrase in your head.

There are ways of generating keys deterministically from a passphrase (hopefully, the chosen passphrase has high entropy...), without the need for a wallet file stored on a USB drive.

One shouldn't necessarily rush to put one's life savings in bitcoins, but Bitcoin does have it's applications...

[iOWNme]

This is a case for Bitcoin.

Since cash and gold/silver are physical, and can be easily found at border checks, a non-physical medium can make the difference between keeping one's life savings, or losing it all.

WTF? Because some CRIMINALS robbed you of your money, you should switch to a different kind of money that they cant steal so easily?

How about you DEFEND yourself against criminal thugs who are trying to rob you? And if they raise their level of aggression, then you raise yours upto and including KILLING anyone who tries to steal your private property? Gee, there is a novel idea.....

[sirgonzo420]

WTF? Because some CRIMINALS robbed you of your money, you should switch to a different kind of money that they cant steal so easily?

How about you DEFEND yourself against criminal thugs who are trying to rob you? And if they raise their level of aggression, then you raise yours upto and including KILLING anyone who tries to steal your private property? Gee, there is a novel idea.....

I was kinda posting the Bitcoin suggestion for those who *didn't* want to get into an armed conflict at a border crossing.

But yeah, if more lines were drawn in the sand with sharper sticks, then perhaps we wouldn't be so far down this well-paved Road on which we seem to be...

[Hitch]

You can essentially store bitcoins on a wallet/passphrase in your head.

There are ways of generating keys deterministically from a passphrase (hopefully, the chosen passphrase has high entropy...), without the need for a wallet file stored on a USB drive.

One shouldn't necessarily rush to put one's life savings in bitcoins, but Bitcoin does have it's applications...

I agree bitcoin has it's apps and can be a tool in the 'arsenal'.

I recall reading about a guy who had his bitcoins hacked and stolen. What's to stop the .gov goons from creating a virus to delete all the bitcoins? They are still and will always be, digital wealth.

If you want to take my guns or gold, you have to physically take them from me. This is what I trust.

[Ares]

I agree bitcoin has it's apps and can be a tool in the 'arsenal'.

I recall reading about a guy who had his bitcoins hacked and stolen. What's to stop the .gov goons from creating a virus to delete all the bitcoins? They are still and will always be, digital wealth.

If you want to take my guns or gold, you have to physically take them from me. This is what I trust.

The guy who had his wallet hacked, used an easy / simple password to encrypt it. (stupid move on his part). Why can't the government create a virus to wipe out bitcoins? The same reason they can't wipe out P2P file sharers. Bitcoin is more than just a digital unit, it's also a protocol. Yeah some of the files you download from p2p file shares may be infected, but the network / protocol is not, for the simple reason you cannot infect a protocol. Besides that, they would have to outperform the bitcoin hashing network in order to steal / hack the network. But at current 615 PetaFLOPS (faster than the top 500 worlds fastest supercomputers) I wish them luck.

Like Gonzo said, it's not something you want to dump your life savings into. But it is a tool, and becoming a more increasingly powerful one at that. The more the governments / central banks of the world show their disdain for it. The more popular it will become and grow.

[vacuum]

I agree bitcoin has it's apps and can be a tool in the 'arsenal'.

I recall reading about a guy who had his bitcoins hacked and stolen. What's to stop the .gov goons from creating a virus to delete all the bitcoins? They are still and will always be, digital wealth.

If you want to take my guns or gold, you have to physically take them from me. This is what I trust.

I've been thinking about the definition of wealth, and I've kind of settled on my own definition. It is this: Wealth is an imprint in the neurons in the brains other humans. It's as simple as that.

We all "store" our wealth in the neurons of other people's brains. It's like a huge bank or repository. Gold is very deeply imprinted into our brains, and by physically acquiring it we can gain all those benefits for ourselves.

But the internet is a big brain as well. It's quickly becoming our collective brain. These digital coins are now being stored within that brain and within our own brains just like gold has been. Just like our debt-based money system has been. The problem with the debt-based money system is that our credit is false and is failing us right now. This is destroying those neural connections which had previously been present. But bitcoins have no counter-party which they rely on for them to continue their existence, other than the internet itself. It lives in the storage of the big brain of the internet and it's value is solely determined by it's ability to remember, which is solely determined by people's motivation to run the p2p client, which is determined by their need to have money.

[Carl]

They are not "border guards", they are highwaymen and they are not "confiscating cash", they are robbing people.

Context Is Everything.

[Santa]

I've been thinking about the definition of wealth, and I've kind of settled on my own definition. It is this: Wealth is an imprint in the neurons in the brains other humans. It's as simple as that.

We all "store" our wealth in the neurons of other people's brains. It's like a huge bank or repository. Gold is very deeply imprinted into our brains, and by physically acquiring it we can gain all those benefits for ourselves.

But the internet is a big brain as well. It's quickly becoming our collective brain. These digital coins are now being stored within that brain and within our own brains just like gold has been. Just like our debt-based money system has been. The problem with the debt-based money system is that our credit is false and is failing us right now. This is destroying those neural connections which had previously been present. But bitcoins have no counter-party which they rely on for them to continue their existence, other than the internet itself. It lives in the storage of the big brain of the internet and it's value is solely determined by it's ability to remember, which is solely determined by people's motivation to run the p2p client, which is determined by their need to have money.

4631

[Blink]

There seems to be a consensus by BTC people to say, "government can't touch bitcoins". Look what the PTB have done so far to this world and gotten away with it. I wouldn't discount what unlimited money and the best minds (IT) that it can buy.........

[Son-of-Liberty]

A good way to get a large sum of money over a border without bitcoins would be to buy a large high quality colored diamond. You could wear it on your finger or pendant or sew it into your clothes. You could easily take a million this way and nobody would know. Will not cause a metal detector to go off and is so small will not get any attention even from a body scanner.