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Topic: FEAR the BITCOIN (Read 2900 times)

hero member
Activity: 644
Merit: 504
November 23, 2013, 09:14:23 AM
#82
...and the only addresses allowed from God Govs would be those starting with 1slave  Roll Eyes
newbie
Activity: 42
Merit: 0
November 23, 2013, 08:47:18 AM
#81
I just want to make sure you people think about, what Btc stands for is not true .

This is your Total Freedom gone people!

Alot of you support it, only because of the thought of profit.

Alot of others on here, Ive noticed, like bitcoins because it was sold as an anti-gov., anti-bankster solution, that also kept your identity private.

Well the gov. is already getting involved in it (thats out the window)

Every exchange will/ or has begun to ask for ID verification (your privacy is already gone)

Banks were disliked because of all the huge debts they have created with deravitives (They buy 1 thing, and break-it-down) that are then sold off into a million different pieces (fractional banking).

Its funny because that what BTC really is, you but 1 BTC, in hopes of breaking it down into fractions and selling them off at a profit.

Its a derivative derived currency

Everybody hated the gov. & the banking system because of there greed, but now that you could make some money, its okay to be greedy.

You have become, your own enemy.
hero member
Activity: 588
Merit: 500
November 23, 2013, 01:30:04 AM
#80
You sir are correct,SATOSHI is actually a name of a super-secret project and stand for "Stepped-at-that-old-shit-hadn't-I and they are plotting a trap for people to start using BTC's and then making it the main currency of the world for their own selfish and EVIL Gains (SATOSHI Nakamora is currently almost confirmed to be George.W.B).
Getting paid by ripple-labs Tongue
sr. member
Activity: 252
Merit: 250
November 23, 2013, 12:11:04 AM
#79
The issue is that by its very nature it is created to be reused and tied directly to something - in this case my username on this forum.

It's not tied by any means with your username let alone with your true identity.
Everyone can create vanity addresses starting with 1BurtW.
I can create a vanity address 1BillGates. That doesnt mean that what i do is tied with Bill Gates.
newbie
Activity: 19
Merit: 0
November 22, 2013, 04:06:33 PM
#78
And so it begins....

http://www.coindesk.com/canada-revenue-agency-tax-rules-apply-bitcoin/

I am all about paying my taxes (its necessary), but within reason, and accountability


I hope the "smarties" can out smart "them" just a wee bit!...that would be awesome!
legendary
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
November 22, 2013, 03:43:14 PM
#77
An example vanity address is my old vanity address which I am phasing out and no longer using:

1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

You see them all over the place.  It is an address that was generated to have a human readable portion.  The main issue is that it gets reused by definition.


What if you generate a lot of vanity address starting with 1BurtW and use every just once. You will cheat the no reuse address rule, because everytime different address, but you loose privacy anyway
Yes, that could be done.  It is an interesting thought.
legendary
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
November 22, 2013, 03:41:29 PM
#76
If the government made BTC for anything it was to decrypt hashes for various encryptions. Ever think what your miner is really "solving"?
We know exactly what the miners are doing, especially all the ASIC miners as the ASICs are designed to do exactly one specific task.  

Stick around and learn a bit more.
full member
Activity: 154
Merit: 100
Veronica <333
November 22, 2013, 03:38:10 PM
#75
If the government made BTC for anything it was to decrypt hashes for various encryptions. Ever think what your miner is really "solving"?
hero member
Activity: 966
Merit: 501
November 22, 2013, 03:36:46 PM
#74
An example vanity address is my old vanity address which I am phasing out and no longer using:

1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

You see them all over the place.  It is an address that was generated to have a human readable portion.  The main issue is that it gets reused by definition.


What if you generate a lot of vanity address starting with 1BurtW and use every just once. You will cheat the no reuse address rule, because everytime different address, but you loose privacy anyway
legendary
Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
November 22, 2013, 03:31:00 PM
#73
Thanks BurtW.....

However, I only understand the obvious 2nd point (lol)..."don't re-use addresses"
Do I assume VANITY addresses refer to random addresses made just because a person can?

Uhhhh time for more homework! So wish I understood the terminology!  I will definitely research what you have suggested.

An example vanity address is my old vanity address which I am phasing out and no longer using:

1BurtWEejbnKeBRsvcydJvsNztB1bXV5iQ

You see them all over the place.  It is an address that was generated to have a human readable portion.  

The issue is that by its very nature it is created to be reused and tied directly to something - in this case my username on this forum.
newbie
Activity: 19
Merit: 0
November 22, 2013, 02:10:44 PM
#72
"fear mongering"?? ....

I think the original poster makes some valid points (I don't necessarily agree with ALL of them).  Shouldn't we be questioning (and drawing our own independent conclusions), as it appears there is still a lot that is unknown.  For myself, I wont be jumping in with both feet and wearing blinders.  It seems to me that no one can say for certain what the future of bitcoin will look like...that's whats so exciting about it (or scary, depends on your views)!!  Guess we can only speculate, and be hopeful at this point.  Meanwhile....a whole lotta bucks are to be made! 
member
Activity: 113
Merit: 10
November 22, 2013, 01:45:30 PM
#71
So, uh, why would 'the government' (what does that even mean) create an inherently deflationary currency when such encourages hording rather than circulation - which totally undermines contradicts capitalist ethos and thus the value of the money supply, fiat, which is the basis upon which the value of Bitcoin is derived?

Yes, the people in power need always new ways how to save wealth. The fact it might be anonymous is plus
newbie
Activity: 19
Merit: 0
November 22, 2013, 01:39:41 PM
#70
Thanks BurtW.....

However, I only understand the obvious 2nd point (lol)..."don't re-use addresses"
Do I assume VANITY addresses refer to random addresses made just because a person can?

Uhhhh time for more homework! So wish I understood the terminology!  I will definitely research what you have suggested.
newbie
Activity: 6
Merit: 0
November 22, 2013, 11:52:38 AM
#69
i sell BTC and get money to my paypal. and i can withdrawl money to my bank account.. BTC is a great bussiness. dont affraid of BTC  Grin
newbie
Activity: 1
Merit: 0
November 22, 2013, 11:13:16 AM
#68
Please mark this page:

After today, there is no doubt in my mind the BTC was created by the government, and will become the new world currency, we all, have been trying to avoid for so long.

What better way to gain support for a New World currency, then by making alot of people rich, and hearing all the great stories about it. Everbody will pile into it, and will make alot of  money in the process. So many people will be happy, and word of mouth will continue to build support for this BTC system.

Wake up, this is it and its only the beginning

Transactions are anynomous on BTC (Thats BS). Everything is linked to an IP adress, and logged onto a blockchain. How do you think they caught and shutdown silkroad.

Sell the citizens this illusion, that there is some new anti-gov currency, that was created by someone so smart we dont know who they are, and transactions will remain anynomous.

Are you people that blind. I know most of you have made  money so wont bother really caring  (The Greed of Human beings is astonishing)

Forget about the GREEDY part of making money. Think about it , very deeply, and thoroughly .

A lot of fear mongering here I'm afraid...
newbie
Activity: 16
Merit: 0
November 22, 2013, 11:07:14 AM
#67
So, uh, why would 'the government' (what does that even mean) create an inherently deflationary currency when such encourages hording rather than circulation - which totally undermines contradicts capitalist ethos and thus the value of the money supply, fiat, which is the basis upon which the value of Bitcoin is derived?
newbie
Activity: 4
Merit: 0
November 22, 2013, 11:00:30 AM
#66
i think that all will end in BTC War as a new world war III
newbie
Activity: 13
Merit: 0
November 22, 2013, 10:34:24 AM
#65
What if this forum is also under goverment control and someone of us...?! Oh, my!
Seriously, we will never know the truth.
Just take it easy.
newbie
Activity: 4
Merit: 0
November 22, 2013, 10:04:55 AM
#64

I do not FEAR the BITCOIN , i buy / sell them.
sr. member
Activity: 252
Merit: 250
November 22, 2013, 10:02:41 AM
#63
Bitcoin makes sence only as anonymous payment network

It's not anonymity that is in stake here. Bitcoin isn't anonymous anyway.
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