Topic: 4 to 5 MILLION BTC off the table? (Read 164 times)

Your numbers doesn't make any sense. Almost all the coins from the Mt Gox robbery have been accounted for. Close to BTC200,000 was recovered from one of the hot-wallets and distributed to the users, and some BTC650,000 was traced back to Alexander Vinnik, who happened to be one of the owners of BTC-e. And there is no lost coins from Silk Road. The FBI seized close to 300,000 BTC and sold all of them long time back. 

You don't get it, anonymous wallets become traceable 100% as soon as you send 1 cent to an exchange.

So let's say you operated a casino in early days or porn site or bought cheap coin off dark web.

Bingo

U now not anonymous as u do anything on an exchange, so if u bought into btc as to being anonymous it's not.

Now let's say u own a business u put off the radar cash into it, thinking it can't be tracked.

So the BS about anonymous wallets works until u try to legitimize the coin.

Then if u did numbers with BTC and now have millions in value, it's trapped in BTC, u can't get more than ,50k usually out of an exchange in a week.

Now to some that sounds like a lot, well to early players on the net if u made say 5k weekly investments into cheap coin u will never be able to get the mega millions u now own out without full audits.

So lots of players are trapped now in heavy value wallets

The only way to not raise a ton of flags is private deals off the exchange grid.

Anyway, if u exit the game u get exposed.

Well, its their problem and not ours. As a saying goes no bad deeds will be left unnoticed. So when you make an evil deed of course the btc you acquired will still be traceable. So as to play safe, just earn bitcoin legitimately so that the eyes of the public and authority will not search for you.

Also converting a huge amount of btc into fiat is a bad idea since the concept of bitcoin is decentralization and going away with the banks. This means that you make your bitcoin wallet as your own bank. Then just withdraw small amounts when needed there is no need to convert everything into fiat currency.

I guess you don't get it, BTC came out like a classic black op project, a fake inventor, a sales pitch to deceive, it's a classic big brother project.

It sure is making lots rich now, but it sure got lots of people busted.

Silk road
Wallets tied to Mt Gox hack

People doing their own exchanges

Tons of people got busted using this "anonymous" currency.

Are you a lowlife terrorist or do you pimp-jump prostitutes? if you have nothing to hide, you wouldn't mind to be tracked when you exchange BTC and fiat, you can never prove if 4 to 5 million Bitcoins are lost and will never circulate into the system, if you have lost your Bitcoins, you could never prove it. because you don't have your private keys to sign a message.
Some beggar like me could say that he has lost 1.5BTC, the only coins he had and wanted to buy a small and pathetic cottage for holy purposes such as jumping a girl if possible, yes I'm indirectly begging for at least 1BTC, you guys seem like rich by the way you talk and I can tell from your body language. Santa is loling.

Exactly

It's the illusion of being anonymous

As soon as you trade one coin with a trail your whole wallet exposed

So u trade face to face

That person if their wallet is exposed can say who you are

So it's the ultimate big brother tool in reality

The whole anonymous bs falls about as soon as one wallet you traded with becomes known

I'm amazed no one points that out here

Try to use BTC on any exchange

Sell some to move into other coin or cash out

Try to do it anonymously

Lol

You cant

You've got what's on my mind. It is blockchain that can tract everyone that uses it, You can stay anonymous as long you don't cash out the coins that you have but there is no one here that wont cash out their coins if they needed some flat. 

you are right it is humorous because bitcoin is not anonymous, and it has never been anonymous and nobody ever said it is anonymous anywhere in bitcoin paper or whenever someone who understands it explains how bitcoin works.

some idiots make the assumption that it is anonymous just because they are sitting behind a computer, i bet they also think if they use PayPal they are anonymous.


wrong, bitcoin is not anonymous but it also can not be "fully" tracked.


lets say it is 4-5 million. so what? and what does that have anything to do with anonymity!

Just read Dr. Adoni's book on it

https://1ebooks.com/books/product/cia-project-bitcoin/

Inside bureau joke he says

Satoshi Nakamoto translate into

CENTER OF INTELLIGENCE

That's NSA humor saying THE CIA CREATED IT

It is the perfect tracking tool

Anonymous my ass

Every transaction is public forever and can be backtracked to source

Now above board investors got nothing to fear

But the targeted group ate it book line and sinker

It's why other day Dr. Adoni moved the market, he said BTC to go to 10k soon and within 48 hours it hits 11k

So.....

I was actually contemplating about this.

Since it's still not clear (or at least shrouded in mystery) who actually invented it, I was theorizing that actually it might be designed by exactly those that would love to track every move.

This all beautifully packed in a fingerlicking good story about people's power and a decentralized, anonymous and indepedent digital currency, to be swallowed by these same people that don't trust big financial institutions, corporate moguls and the prying eyes of the state.

Easy to track every move and every transfer ever made; the wet dream of any (totalitairian) state.

And here are all shady dealers, under-the-radar programmers and revolutionary bedroom anarchists, first in line to get in on a piece of the action.

All planned way ahead.
Everything going exactly according to plan. 



Hopefully it is just theory and fantasy   

So 16+ Million mined

Anyone want to put estimates on useless coins

Ones that will never be in exchange circulation?

I'd say it's it's 4 to 5 million

The 1 million Mt Gox will never go through exchanges

The 1 million or so the feds can't open in silk road

The 1 million or so Satoshi's controls it would instantly reveal him

Then 1 to 2 million in lost wallets or so

The concept BTC is anonymous is humorous

As soon as you try to move coins to Fiat through an exchange like coinbase the wallet is fully revealed

Remember it's a public ledger, where every coin since day one has been fully tracked

So while u are off the exchanges radar the wallet is anonymous but trying to move it into Fiat or other coins via the main exchanges the cloak of anonminity is removed.

Plus the big exchanges don't let you move big Fiat out

Think about it, you acquired coins, now you want to turn some in via an exchange, do you know how much ID u have to give up on coinbase?

So off line wallets are anonymous until you transfer to an exchange.

That's how 200k of the Mt Gox hacked coins got tracked already.

So what BTC really is, is the ultimate tool to track every move forever.

Anyway, not to go off on a tangent with the anonymous issue, I'm just trying to see if others like me are trying to figure out just what is usable in the total pool.

16 mil is small pool, but u strip out 4-5 million it's way smaller.

So if you sitting on stacks of BTC and some are tainted, I personally think exchanges expose your whole wallet.

Thoughts?