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Thread: The Bitcoin Tracking Thread

  1. #91
    Rebel Without a Clue sirgonzo420's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by woodman View Post
    No matter how limited they are and how secure and independent they may be, I still see them as fiat. They are backed by nothing tangible.
    Fiat is by "official decree", and is not voluntary.

    The price discovery method for Bitcoin is the free market law of supply and demand.

    A "dollar" is worth a "dollar" because "government" says it is.

    Bitcoin is different. And whether you like it or not, five years from now, some people might be kicking themselves because they didn't look more into it.

    Of course, Bitcoin is not gold or silver. But dammit, it's still better than unlimited fiat currencies run by joo banksters.

    You can buy a couple hundred FRNs worth of bitcoins at an appropriate time, wait, and then sell bitcoins for thousands of FRNs worth of gold and silver bullion.

    What other medium has gone from $0.001 each to ~$70.00 each? Hell even bitcoin at one dollar each is still a stupendous rise.

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  2. #92
    Unobtanium EE_'s Avatar
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    Re: The Bitcoin Tracking Thread

    A BACK DOOR INTO INTERNET CONTROL has finally been weaseled into by the Jews at the US Department of Treasury.

    For no sooner did the Jew, Jacob Lew, take charge of the Treasury, controlling the Internet became his very first order of the day.

    With his fellow Jew, Neal Wolin, Deputy Secretary of the Treasury, along with (yes, Jews) David Cohen/Daniel Glaser, Under Secretaries for Terrorism and Financial Intelligence, Lew decided that money laundering rules should apply to all Web Money…including the growing Internet trading privacy-oriented currency known as Bitcoin.

    Glaser, as policy maker for “anti-money laundering,” oversees the Treasury’s Financial Crimes Enforcement Network (FinCEN) which published this past Monday a ‘guideline’ for Internet sites that use virtual currencies such as Bitcoin to comply with the Treasury’s Bank Secrecy Act.

    This Jew-inspired ‘guideline’ is aimed at fitting “de-centralized virtual currencies” into the larger regulatory regime under which government-controlled currencies of all kinds are required to operate.

    Morgan Peck of Tech Talk explains that the Bank Secrecy Act requires any financial institution that can be defined as a money transmitter to register with FinCEN and help detect money laundering by keeping track of its clients and reporting ’suspicious’ activity.

    Those entities that facilitate the exchange of Bitcoins for fiat currency and their online clients will have to take note. Layers of Jewish-tiered bureaucracy, filing, and reporting could soon make Internet trading in virtual currencies a still-born initiative.

    Jon Russell of Next Web observes that just this month, top domain registrar Namecheap decided to accept payment in Bitcoins, while Finnish software maker Sc5 last week began allowing its staff to receive parts of their salary in the currency.

    Also on the radar by the Jew-run US Treasury is Facebook Credits, which serves a possible base of more than 1 billion users, as well as Kim Dot Com’s empire of file sharing followers and the popular Reddit site, both using Bitcoin for online transactions.

    A further explanation of the Treasury’s ‘guideline’ is outlined by Andrew Leonard of Salon who calls the regulation initiative a “libertarian’s nightmare.” Leonard makes the point that Bitcoin isn’t just an elegant way to create money using peer-to-peer networks and cryptography. Bitcoin is a currency with an ideology.

    From the beginning, Bitcoin was envisioned as a form of monetary exchange that didn’t need third-party financial institutions or central banks or even governments to validate it or back it up.

    Bitcoin is the fulfillment of a libertarian dream, a currency created out of the workings of the free market, unaffiliated with any state authority, respectful and protective of user privacy and anonymity, and designed to resist inflationary pressures.

    By its very nature, Bitcoin is made for people who don’t want other people to know what they are doing.

    But if the Jews at Treasury have their way, all who enjoy the use of Bitcoin will soon be deprived of the privacy and anonymity they currently enjoy.

    In other words, if it works and it’s good for the people, the Jews will ruin it. View Entire Story Here, Here, Here & Here.

    THE DANGER of this Jew-inspired “guideline” coming out of the Jew-controlled and run US Treasury, is three-fold:

    • The users of Bitcoin and other Internet currencies will no longer enjoy the privacy connected with these mediums of exchange. Big Brother Jew will be watching every transaction made.

    • The Jews will have finally gotten their freedom-hating fingers into the Internet through the back door of monitoring and regulating electronic transactions.

    • The Jewish encroachment of gradualism will unfold from the drapery of monetary regulation into ‘hate purchase’ regulation (books and materials the Jews fear) and then on to “hate speech” monitoring which will give the Jews TOTAL control of the Internet and the end of exposing their lies and crimes.
    http://www.realjewnews.com/?p=805
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  4. #93
    Unobtanium mick silver's Avatar
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    Re: The Bitcoin Tracking Thread

    like i have said they have killed million of people over paper so dont think for a second that the gov will let this go on ... thanks ee .....see post 85
    “Now remember, when things look bad and it looks like you’re not gonna make it, then you gotta get mean, mad-dog mean. ‘Cause if you lose your head and you give up then you neither live nor win. That’s just the way it is.” ~ Outlaw Josey Wales…

    STOP F*CKING WITH US.

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  6. #94
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by EE_ View Post
    A BACK DOOR INTO INTERNET CONTROL has finally been weaseled into by the Jews at the US Department of Treasury.
    So it begins.

    There are a lot of countries out there. Russia, china, iran, brazil, india....I'd like to see them try to shut bitcoin down in those places too. What are they going to do? go bomb bitcoin headquarters? Create a firewall around the US? Threaten to prosecute people in bankrupt european countries for using bitcoin?

    It's a game of cat and mouse now. We'll see how it turns out. It's too bad for them that they have to fight this while they are in the process of dismantling and reshaping their world money system, it's kind of a vulnerable time for them. It would have been much better if they already had all these regulations in place before they did their global collapse, or even better if they already had the new system set up.

    Once they make their power play and try to prosecute someone, the bitcoin community will react to fix whatever flaws come to light.

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  8. #95
    Bitcoin Miner Ares's Avatar
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    Re: The Bitcoin Tracking Thread

    Once they make their power play and try to prosecute someone, the bitcoin community will react to fix whatever flaws come to light.
    My guess is they'll take it underground. Go to darknet / deep web, and run the miners through Tor, and setup their own exchanges with Tor Hidden services. You could have the server located in the United States hosted right next to the Treasury servers in D.C. and they'd never know it.
    "Paper is poverty, it is only the ghost of money, and not money itself." --Thomas Jefferson to Edward Carrington, 1788
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    Great Value Carrots steyr_m's Avatar
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    Re: The Bitcoin Tracking Thread

    I believe it has the potential to break the back of big Joo-ish finance and that's why they are afraid of it. If Bitcoin gets to the point of universal acceptance where it is fully exchangeable with FRNs, $CDN, Euro, Au & Ag -- there will be no stopping it.

    Anyone want to start a GSUS mining pool?
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  12. #97
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    Re: The Bitcoin Tracking Thread

    They want to tax it which will dissolve it from the fact that it has a limit and doesn't print up more.
    Jackie did it and you know it!

  13. #98
    Chatmaster Flash vacuum's Avatar
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    Re: The Bitcoin Tracking Thread

    Quote Originally Posted by Cebu_4_2 View Post
    They want to tax it which will dissolve it from the fact that it has a limit and doesn't print up more.
    But they can only tax it in FRNs. They can't tax it in bitcoins, so they can't accumulate the bitcoins themselves.

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  15. #99
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    Re: The Bitcoin Tracking Thread

    tagged for future read.

    How dangerous is Bitcoin and any other P2P money exchange?

    You can tell by a number of suicided participants.


    1.
    "The internet activist Aaron Swartz described a similar concept"
    http://en.wikipedia.org/wiki/Bitcoin

    Aaron Hillel Swartz (November 8, 1986 – January 11, 2013) was an American computer programmer, writer, political organizer and Internet activist.

    Swartz was involved in the development of the web feed format RSS,[2] the organization Creative Commons,[3] the website framework web.py[4] and the social news site Reddit, in which he was an equal partner after its merger with his Infogami company.[i] Swartz also focused on sociology, civic awareness and activism.
    On January 11, 2013, two years after his initial arrest, Swartz was found dead in his Crown Heights, Brooklyn apartment, where he had hanged himself.
    http://en.wikipedia.org/wiki/Aaron_Swartz


    Also Related:
    Gene Kan (September 6, 1976 — June 29, 2002) was a British-born Chinese American peer-to-peer file-sharing programmer who was among the first programmers to produce an open-source version of the file-sharing application that implemented the Gnutella protocol. Kan worked together with Spencer Kimball on the program called "gnubile" licensed under the GNU General Public License. Kan graduated from the University of California, Berkeley in 1997 with a major in electrical engineering and computer science.

    In June 2000, he formed a distributed search engine known as InfraSearch.com. Netscape co-founder Marc Andreessen was an investor in the start-up. InfraSearch was purchased by Sun Microsystems on March 6, 2001 for $12.5M USD in Sun stock options. The acquisition became part of the JXTA project at Sun. Kan joined Sun as an employee, and continued to work with the technology.

    Kan was relatively well known in internet circles for a testimony he gave in July 2000 at the Senate Judiciary Committee Hearing on "Intellectual Property in the Digital Age".[1] Metallica drummer Lars Ulrich, Sony CEO Fred Ehrlich, and others also gave testimony at the hearing.

    On June 29, 2002, he committed suicide. The cause of death was a single gunshot wound to the head.
    http://en.wikipedia.org/wiki/Gene_Kan
    Also Related: Len Sassaman , Anonymizer
    Leonard Harris Sassaman (1980 – July 3, 2011) was an advocate for privacy, maintainer of the Mixmaster anonymous remailer code and remop (operator) of the randseed remailer.

    Sassaman was employed as the security architect and senior systems engineer for Anonymizer. He was a PhD candidate at the Katholieke Universiteit Leuven in Belgium, as a researcher with the Computer Security and Industrial Cryptography (COSIC) research group, led by Bart Preneel. David Chaum and Bart Preneel were his advisors.

    Sassaman was a well-known cypherpunk, cryptographer and privacy advocate. He worked for Network Associates on the PGP encryption software, was a member of the Shmoo Group, a contributor to the OpenPGP IETF working group, the GNU Privacy Guard project, and frequently appeared at technology conferences like DEF CON. Sassaman was the co-founder of CodeCon along with Bram Cohen, co-founder of the HotPETS workshop (with Roger Dingledine of Tor and Thomas Heydt-Benjamin), co-author of the Zimmermann–Sassaman key-signing protocol, and at the age of 21, was an organizer of the protests following the arrest of Russian programmer Dmitry Sklyarov.

    Sassaman is reported to have died on July 3, 2011.[8] Patterson reported that her husband's death was a suicide.[9][10]

    A presentation given by Kaminsky at the 2011 Black Hat Briefings revealed that a testimonial in honor of Sassaman had been permanently embedded into Bitcoin's block chain.[11]
    Also related: Ilya Zhitomirskiy
    Ilya Zhitomirskiy (12 October 1989 – 12 November 2011)[1] was a Russian-American software developer and entrepreneur. Zhitomirskiy was a co-founder and developer of the Diaspora social network and the Diaspora free software that powers it.
    On the evening of 12 November 2011, Zhitomirskiy was found dead in his San Francisco home by police responding to calls about a suspected suicide.

  16. #100
    Electrum
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    Re: The Bitcoin Tracking Thread

    What is the cheapest most reliable way to exchange a few FRNs for a few Bitcoins?

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