Bitcoin users could face jail time? | Bitcointalksearch.org

Akka

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Quote from: JimboToronto on January 29, 2014, 09:35:09 AM

Quote from: Zaih on January 29, 2014, 08:09:55 AM

The government doesn't WANT people in jails. They want as little people in jails as possible.

That depends on which government.

http://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate

Fuck

Quote

While the United States represents about 5 percent of the world's population, it houses around 25 percent of the world's prisoners.

How can one think there isn't something awfully wrong with this counties legal system.

Even the most oppressive regime in the entire world has a lesser prisoner ratio!

droptable

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Quote from: JimboToronto on January 29, 2014, 09:35:09 AM

Quote from: Zaih on January 29, 2014, 08:09:55 AM

The government doesn't WANT people in jails. They want as little people in jails as possible.

That depends on which government.

http://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate

wise post!

Quote from: mmitech on January 31, 2014, 02:48:22 AM

again, Bitcoin doesn't not offer anonymity, but offer a certain or better privacy than classic old fashion systems.

nope. cash has better privacy.

mmitech

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things you own end up owning you

You shouldn't be worried if you don't do illegal activities but if you do, then it doesn't matter whether you used bitcoin or anything else, they will come after you, and it doesn't matter how long it will take them, you may feel safe if it takes long thinking that everybody forgot about it or ignored it, but you are mistaking, justice will be served no matter how long it takes.

and people who uses Bitcoin for illegal activities must be really dumb thinking Bitcoin offer 100 anonymity.... and they must be even dumber if they still think that after the Silk road and all the latest arrests.

again, Bitcoin doesn't not offer anonymity, but offer a certain or better privacy than classic old fashion systems.

GigaCoin

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Giga

Reading up on the lava bit news recently where the owner was forced to handover his ssl private keys. The same applies here, Feds can come to you with a warrant forcing you to handover your private keys, if u don't comply u go to jail

alpha492

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Quote from: ElectricMucus on January 29, 2014, 12:36:01 PM

Quote from: Hyena on January 29, 2014, 05:54:36 AM

https://www.youtube.com/watch?feature=player_detailpage&v=jdJJN79Uuj0#t=191

I closed it when I saw the advertisement for the "survival yeti solar kit". I'm not not the kind of person this podcast is supposed to address I guess. And if you aren't interested in this kind of product either, I would suggest not paying any attention to what this guy has to say either.

If you are don't bother either, just watch this instead.

ikr, I got right up to the point where he said something about the Dredge Report. Clearly FUD.

mgburks77

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Prohibition would simply lead to extremely high black market prices.

TRODL!!!

TERA

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Umm, do I go to jail if I used the same dollar bill that a drug dealer once had?

ElectricMucus

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Marketing manager - GO MP

Quote from: Hyena on January 29, 2014, 05:54:36 AM

https://www.youtube.com/watch?feature=player_detailpage&v=jdJJN79Uuj0#t=191

I closed it when I saw the advertisement for the "survival yeti solar kit". I'm not not the kind of person this podcast is supposed to address I guess. And if you aren't interested in this kind of product either, I would suggest not paying any attention to what this guy has to say either.

If you are don't bother either, just watch this instead.

JimboToronto

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You're never too old to think young.

Quote from: Zaih on January 29, 2014, 08:09:55 AM

The government doesn't WANT people in jails. They want as little people in jails as possible.

That depends on which government.

http://en.wikipedia.org/wiki/List_of_countries_by_incarceration_rate

Lucky Cris

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Quote from: Zaih on January 29, 2014, 08:09:55 AM

The government doesn't WANT people in jails. They want as little people in jails as possible.

They're not going to do that, when they know they definitely were not conspiring to aid drug trade at any level.

You meant to say the government doesn't want PARTICULAR types of people in jails, right?

It's not hard to pass a law or interpret an existing law to make it fit the targeted demographic - if they wanted to. Take for the example the rich kid suffering from affluenza who killed 4 people and paralyzed another, DUI mind you - sentence: no contact with his parents (because they spoiled him) for a year or so and 10 years probation. If an average Joe did this, what would be the consequence? Of course we all know the variance is even greater if the variable is race so need to even go there. Surely you know how profitable the prison system is?

An amorous cow-herder

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Quote from: Hyena on January 29, 2014, 05:54:36 AM

question arises - is there some generally accepted time gap for the feds to act until these "crimes" get outdated?

Yes, its called statute of limitation.

But seriously, why would anyone with half a brain cell even consider using a form of payment that leaves a trail that never grows cold for illegal trades?
I´ve heard a lot more stupid conspiracy theories than those saying that such a form of payment would have to be basicly scocially engineered with anti government stances and alleged anonymity to be used by potential criminals and terrorists. But then again, the government wouldnt ever consider creating something like a cryptocurrency, oh wait.

Hyena

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Quote from: Zaih on January 29, 2014, 08:09:55 AM

The government doesn't WANT people in jails. They want as little people in jails as possible.

They're not going to do that, when they know they definitely were not conspiring to aid drug trade at any level.

They can still make an example of some people just to scare others not to use cryptocurrencies.

Zaih

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The government doesn't WANT people in jails. They want as little people in jails as possible.

They're not going to do that, when they know they definitely were not conspiring to aid drug trade at any level.

F-bernanke

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Good point.

Do Tumblers work?

Hyena

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https://www.youtube.com/watch?feature=player_detailpage&v=jdJJN79Uuj0#t=191

Skip to 03:03. This has to be FUD. However, let's imagine a scenario:
1. feds trace all the "illegal" bitcoin transactions to exchanges such as Bitstamp
2. they say "these addresses are tied to illegal activities. who owned these addresses?"
3. exchanges give out the names
4. now feds have an enormous list of people that can be put in jail if they wanted to

question arises - is there some generally accepted time gap for the feds to act until these "crimes" get outdated? The bad thing with blockchain is that once you're in there and some tyrant comes to power who doesn't like it that you donated to wikileaks 10 years ago, you'd be beheaded. Is there any way to scramble the transaction history in a way that such links could not be verified?

"the Revolution devours its children"

Topic: Bitcoin users could face jail time? (Read 1736 times)