Going across borders with....knowledge of a private key?

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: pattu1 on April 10, 2015, 11:18:52 AM

Some countries have capital controls.
You can't send more than __$ outside the country.
Let them try stopping bitcoins. Tongue

True. But sooner or later authorities will take some measures so that they can monitor or regulate Bitcoin as well.

Rmcdermott927

legendary

Activity: 2254

Merit: 1140

As a general rule, saying anything about Bitcoin to any government or financial institution isn't wise. Governments hate it, banks hate it, credit card companies hate it. It's one of those things that is better to leave unsaid IMHO.

chmod755

legendary

Activity: 1554

Merit: 1021

Quote from: countryfree on April 10, 2015, 08:58:08 AM

It's just like a credit card! Some cards have a withdrawal limit upwards of $10,000. Only cash is regulated.

Exactly. Knowledge of a private key is comparable to knowledge of a PIN for a card.

pattu1

hero member

Activity: 675

Merit: 500

Quote from: Lethn on April 11, 2015, 06:26:56 AM

You're missing my point entirely, in cryptocurrencies it's all wallet to wallet, transferring Bitcoins is no big deal and already it's being used for remittance because you can avoid the banking system, I know all about capital flight and that's why I'm saying I want to see what they're going to do about people transferring money between computers as opposed to anything to do with the banking system or exchanges.

They can do absolutely nothing about it. They can only prevent people from buying / selling bitcoins at exchanges. They can only hinder adoption of Bitcoin; they can't really restrict its uses / transfer.

Wilikon

legendary

Activity: 1176

Merit: 1001

minds.com/Wilikon

Quote from: spooderman on April 11, 2015, 02:45:50 PM

Quote from: rokkyroad on April 11, 2015, 01:47:39 PM

Seriously. The less said to border agents the better. Why would anyone bring up their btc worth is beyond me? Probably get flagged as a "person of interest" and hassled every time you cross the border. It would really be dumb to have a wallet on board showing a large amount of btc when you know they can search your devices and ask for passwords.

Yes I agree, but that speaks to reality rather than the imagined society where we have a social contract that we comply with in which we have only advantage to gain by being completely honest and forthcoming with our authorities. Of course the reality is that you say as little as possible and the more time you spend around the police, the more likely it is you'll die. Anyone not retarded and without the inclination to lie to themselves knows this.

I wouldn't bring up my BTC, but we now exist in a time where arbitrary lines drawn in our ethical codes are no longer relevant:

i.e

combustion, cooking recipes, jokes? un-copyright-able - share away! Above board, everything is fine.
sharing protected ones and zeros? how dare you! artists deserve to get paid for their work!
transferring/carrying cash under an arbitrary amount? no problemo!
exceed that amount? We're gonna need to know what you're up to!

No matter our belief, no matter how docile or an anarchist we could be, facing the authority, I have a feeling the general message is: keep your mouth shut if the subject of Bitcoin wasn't pushed.

spooderman

legendary

Activity: 1680

Merit: 1045

Quote from: rokkyroad on April 11, 2015, 01:47:39 PM

Seriously. The less said to border agents the better. Why would anyone bring up their btc worth is beyond me? Probably get flagged as a "person of interest" and hassled every time you cross the border. It would really be dumb to have a wallet on board showing a large amount of btc when you know they can search your devices and ask for passwords.

Yes I agree, but that speaks to reality rather than the imagined society where we have a social contract that we comply with in which we have only advantage to gain by being completely honest and forthcoming with our authorities. Of course the reality is that you say as little as possible and the more time you spend around the police, the more likely it is you'll die. Anyone not retarded and without the inclination to lie to themselves knows this.

I wouldn't bring up my BTC, but we now exist in a time where arbitrary lines drawn in our ethical codes are no longer relevant:

i.e

combustion, cooking recipes, jokes? un-copyright-able - share away! Above board, everything is fine.
sharing protected ones and zeros? how dare you! artists deserve to get paid for their work!
transferring/carrying cash under an arbitrary amount? no problemo!
exceed that amount? We're gonna need to know what you're up to!

jbrnt

hero member

Activity: 672

Merit: 500

You don't need to have a key at all. You just need to remember a few passwords. You can transfer bitcoin before you leave your home country and login to your email account and have information to your other exchanges and online wallets details.

rokkyroad

legendary

Activity: 1090

Merit: 1000

Seriously. The less said to border agents the better. Why would anyone bring up their btc worth is beyond me? Probably get flagged as a "person of interest" and hassled every time you cross the border. It would really be dumb to have a wallet on board showing a large amount of btc when you know they can search your devices and ask for passwords.

Wilikon

legendary

Activity: 1176

Merit: 1001

minds.com/Wilikon

Quote from: spooderman on April 11, 2015, 10:44:36 AM

And that's what I love about BTC and other 'disruptive technologies.'

Shitty laws exist, and rather than voting for different politicians (lol) you can just route around them

i.e torrenting, bitcoining, silkroading etc

Booyaah!

spooderman

legendary

Activity: 1680

Merit: 1045

And that's what I love about BTC and other 'disruptive technologies.'

Shitty laws exist, and rather than voting for different politicians (lol) you can just route around them

i.e torrenting, bitcoining, silkroading etc

Lethn

legendary

Activity: 1540

Merit: 1000

You know what I meant lol Tongue

the point is, as far as I can work out there's nothing that governments can do to restrict the flow of cryptocurrencies beyond actually finding out who the senders and receivers are and arresting them, but that would take a huge amount of resources and effort to do like with filesharing and it wouldn't really be worth the cost to them.

Spendulus

legendary

Activity: 2926

Merit: 1386

Quote from: Lethn on April 11, 2015, 06:12:47 AM

....
But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about.

That's not even correct, though.

The wallets aren't "in countries" are they?

You could send 0.1BTC to a guy in China and his wallet is on a server in Australia.

And not even that - his wallet is out on the distributed cloud somewhere, and there isn't even a server on which it's code resides.

I guess maybe if the wallet is Bitcoin-QT, then yes, you have sent to the location of that machine with that node.

Lethn

legendary

Activity: 1540

Merit: 1000

Quote from: pattu1 on April 11, 2015, 06:16:06 AM

Quote from: Lethn on April 11, 2015, 06:12:47 AM

But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about.

The reason that there are restrictions on buying foreign currency is to prevent capital from exiting the country.
In countries where there is a trade deficit, they will welcome inflows but act strictly to prevent outflows.

You're missing my point entirely, in cryptocurrencies it's all wallet to wallet, transferring Bitcoins is no big deal and already it's being used for remittance because you can avoid the banking system, I know all about capital flight and that's why I'm saying I want to see what they're going to do about people transferring money between computers as opposed to anything to do with the banking system or exchanges.

pattu1

hero member

Activity: 675

Merit: 500

Quote from: Lethn on April 11, 2015, 06:12:47 AM

But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about.

The reason that there are restrictions on buying foreign currency is to prevent capital from exiting the country.
In countries where there is a trade deficit, they will welcome inflows but act strictly to prevent outflows.

Lethn

legendary

Activity: 1540

Merit: 1000

Quote from: pattu1 on April 11, 2015, 04:54:37 AM

Quote from: Lethn on April 10, 2015, 11:54:41 AM

Quote from: pattu1 on April 10, 2015, 11:18:52 AM

Some countries have capital controls.
You can't send more than __$ outside the country.
Let them try stopping bitcoins. Tongue

Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies.

They can't prevent you from sending bitcoins overseas. They can restrict your access to it.

Something which happened in India a year back
http://www.dnaindia.com/india/report-first-time-in-the-country-ed-raids-a-bitcoin-seller-in-ahmedabad-1941187

On Thursday, ED raided the premises of Mahim Gupta in Bopal area of the city who provides trading platform through his website -‑ buysellbit.co.in. During the preliminary investigation, the ED found that it is in clear violation of Foreign Exchange Management Act (FEMA) rules of the country as central bank does not provide permission to indulge in such transactions.

But that's buying and selling Bitcoins, what I'm talking about is sending them back and forth between countries just via wallets without going through an exchange, when you're dealing with fiat that's incredibly easy to regulate but because cryptocurrencies don't require a third party to monitor anything that's the sort of thing I'm thinking about.

pattu1

hero member

Activity: 675

Merit: 500

Quote from: Lethn on April 10, 2015, 11:54:41 AM

Quote from: pattu1 on April 10, 2015, 11:18:52 AM

Some countries have capital controls.
You can't send more than __$ outside the country.
Let them try stopping bitcoins. Tongue

Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies.

They can't prevent you from sending bitcoins overseas. They can restrict your access to it.

Something which happened in India a year back
http://www.dnaindia.com/india/report-first-time-in-the-country-ed-raids-a-bitcoin-seller-in-ahmedabad-1941187

On Thursday, ED raided the premises of Mahim Gupta in Bopal area of the city who provides trading platform through his website -‑ buysellbit.co.in. During the preliminary investigation, the ED found that it is in clear violation of Foreign Exchange Management Act (FEMA) rules of the country as central bank does not provide permission to indulge in such transactions.

spooderman

legendary

Activity: 1680

Merit: 1045

what an amazing, amazing technology

H.W.Z

hero member

Activity: 574

Merit: 500

It is the beauty of bitcoin, a portable, decentralized, access easy digital cryptocurrency! No matter where you are, the money is safely stored in the BlockChain, no ppl will be able to crack it without the private key! You can access through online wallets or bitcoin client on computer or cell phone!

Wilikon

legendary

Activity: 1176

Merit: 1001

minds.com/Wilikon

Quote from: Lethn on April 10, 2015, 11:54:41 AM

Quote from: pattu1 on April 10, 2015, 11:18:52 AM

Some countries have capital controls.
You can't send more than __$ outside the country.
Let them try stopping bitcoins. Tongue

Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies.

It is still hard to fathom the concept of bitcoin not being 'anywhere'. Bitcoin "crossing borders". Bitcoin "overseas", etc.

We are the alpha generation of bitcoin, so we are attached to a physical token we need to carry with us all the time. It is hard to remember it. Yet it is not hard to remember our multiple CC pins, online passwords, SS# and phone numbers, any day of the week.

Bitcoin needs to get to that same point one day... Until the powers that be give brain scanners to the TSA...

This is an important subject.

Lethn

legendary

Activity: 1540

Merit: 1000

Quote from: pattu1 on April 10, 2015, 11:18:52 AM

Some countries have capital controls.
You can't send more than __$ outside the country.
Let them try stopping bitcoins. Tongue

Particularly as an Anarchist, I'm very interested in discovering what, if anything governments can do to prevent people from transferring Bitcoin overseas, it seems pretty foolproof so I want to know if they will come up with anything or just talk crap like they usually do about how we need to either ban or regulate cryptocurrencies.

Topic: Going across borders with....knowledge of a private key? (Read 1092 times)