Based on what I've read, btc is the only method through which you are 99% safe to do exactly what you'd like, no matter the nature of your business.
I'm really curious to find out what'll happen in the future(what/if the government will do about bitcoins).
I mean bitcoins are a way of laundering money and all..
Topic: Basically, this is independent banking? (Read 1079 times)
i don't quite understand what you mean by "freeze the wallet"...
like a bank account if the bank assumes criminial activities with it. as far as i understood was the question it is possible to seperate an address from the network to prevent money flow with it.
i don't quite understand what you mean by "freeze the wallet"...
Freeze - withholding funds from the account holder. Or, alternatively, storing funds next to the vodka.
i don't quite understand what you mean by "freeze the wallet"...
Freeze - withholding funds from the account holder. 
i don't quite understand what you mean by "freeze the wallet"...
Bitcoin wallets can be frozen in the freezer and kept next to your chilled vodka. But that's about it.
Hmmm... I was wondering what to do with my shiny new 25 BTC coin. Problem solved
. 
It's true that nobody can freeze a Bitcoin wallet?
Yes, and people tend to underestimate how important such an innovation is to the society.
Total freedom on your finance, that feel soooo nice! 
Hi Mike, yes, that's true.
Yes, no one can freeze your wallet and yes, you don't have to report anything to fed or whatelse.
Yes, no one can freeze your wallet and yes, you don't have to report anything to fed or whatelse.
Technically: as long as You do own the private key, Internet is present and some client software is available, the answer is basicly yes. It seems quite robust.
Bitcoin wallets can be frozen in the freezer and kept next to your chilled vodka. But that's about it.
Everything you say is true. The bitcoin currency/protocol is pseudo-anonymous and if done correctly is very difficult if not impossible to trace.
Just like how a restaurant accepts cash, you have the option to report how much you made to the gov't. Similarly, if you accept bitcoin for a business then legally you have to report to the gov't.
You are completely in charge of your finances. If your wallet is stored locally on your computer or smart phone it is yours and no one can take it away from you. The analogy is like you have gold in your pocket but in digital form. To take your bitcoin away they have to take your phone or computer away or hack into your system. (You can encrypt your wallet to make it difficult for hackers to take your bitcoins.) With other types of bank accounts like PayPal, they can shut you down and take your money away.
As with any form of money there needs to be security involved so it is best to learn about how to secure your bitcoins.
Just like how a restaurant accepts cash, you have the option to report how much you made to the gov't. Similarly, if you accept bitcoin for a business then legally you have to report to the gov't.
You are completely in charge of your finances. If your wallet is stored locally on your computer or smart phone it is yours and no one can take it away from you. The analogy is like you have gold in your pocket but in digital form. To take your bitcoin away they have to take your phone or computer away or hack into your system. (You can encrypt your wallet to make it difficult for hackers to take your bitcoins.) With other types of bank accounts like PayPal, they can shut you down and take your money away.
As with any form of money there needs to be security involved so it is best to learn about how to secure your bitcoins.
Nobody has to report to the fed, the currency issues itself and you are totally in charge of your own finances?
It's true that nobody can freeze a Bitcoin wallet?
It's true that nobody can freeze a Bitcoin wallet?
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