Topic: I'm going to warn you guys one last time. - page 7. (Read 14545 times)
Need more warnings!
Bitcoin is still nothing compared to what it should become. It's just a tiny fraction of world economy, yet with superior properties over any currency or gold. Don't listen to troll.
This is the truth. I don't think that every property of BTC is superior, but it has enough superior and unique elements that means it has potential for much, much, much more.
Bitcoin is still nothing compared to what it should become. It's just a tiny fraction of world economy, yet with superior properties over any currency or gold. Don't listen to troll.
Anyway, some of you guys have to drop the r(etard)/bitcoin "BTC is amazing and fiat is evil" ideas.
BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
I am 100% in, good sir. Except for a small amount put towards beer money. 99.9% to be precise then.BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
...@"TOR black market is srs bznz" crew:
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
from the UN
http://www.boston.com/news/world/europe/articles/2005/06/30/un_report_puts_worlds_illicit_drug_trade_at_estimated_321b/
321 billion and that's from 2005 so that's in 2005 USD purchasing power.
My special friend, of course the drug trade is srs bznz, but don't confuse the real drug trade with the neckbeards trading on TOR.
Anyway, some of you guys have to drop the r(etard)/bitcoin "BTC is amazing and fiat is evil" ideas.
BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
I am 100% in, good sir. Except for a small amount put towards beer money. 99.9% to be precise then. BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
Anyway, some of you guys have to drop the r(etard)/bitcoin "BTC is amazing and fiat is evil" ideas.
BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
Depends on your situation.
If you are a drug dealer YES it is. A bank or govenment can block your account.
If you are a dumb f00k NO because you will lose your wallet or do something st00pid.
Driving a car is also a potential deadly activity. People will get used to it.
Anyway, some of you guys have to drop the r(etard)/bitcoin "BTC is amazing and fiat is evil" ideas.
BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
BTC is safer than fiat? are you out of your goddamn minds?
If you had to choose to put all your money in BTC or to hold only fiat what would you do?
Bitcoin will go up!!!
LOG chart trend line tells me everything :
And the forecast:
1 month = 300-400 $
1 year = 1,300 - $2,000 $
2 years = 7,000- 9,000 $
3 years = 30,000- 50,000 $
5 years = 300,000 - 600,000 $
30 years = (price is irrelevant , fiat becomes minor part of world economy)
60-80 years = (FIAT no longer exists)
And the forecast:
1 month = 300-400 $
1 year = 1,300 - $2,000 $
2 years = 7,000- 9,000 $
3 years = 30,000- 50,000 $
5 years = 300,000 - 600,000 $
30 years = (price is irrelevant , fiat becomes minor part of world economy)
60-80 years = (FIAT no longer exists)
What is so funny? US-Dollar will be like Zimbabwe Dollar then:
bitcoin is backed by TOR black markets, as long as people buy drugs on the internet bitcoin will have value.
the USD is already dead
...
the USD is already dead
...
This response proves how ignorant some of you are, you actually think that the black markets are a negligible part of the economy. Literally billions of dollars go through those markets, and the amount of Internet based drug trade has only increased since the first Silk Road bust. I know someone of the dumber people think somehow the government has ways of monitoring and stopping these markets, but you're wrong. There have been more than 20 successful markets that started operation since the Silk Road was shut down, 3 have shut down, and none were because of being busted. The new Silk Road site is so successful they were able to pay back all the money that was seized during the original bust to the vendors and customers who's money was taken. They paid this back with profit from collecting transaction fees of less than a percent, so clearly they have hundreds of millions of dollars in transactions going on to be making that kind of money.
We've already established that bitcoin is pseudo-anonymous currency. Only a "dumb" person would use bitcoin to buy drugs or anything illegal online, since it can be traced back to them rather easily unless they're using VPNs or proxies, and even then, it's still possible. Worldwide, there are billions being funneled through black markets, but by and large it's done the same way it always has been. Call your guy on the phone, bring cash and make the exchange in person. Cash is much safer than a pseudo-anonymous, traceable digital currency.
BTC is decently anonymous for its purpose in online black markets.
There are pretty easy money laundering techniques (buy altcoins in a BTC-E account through Tor, send the altcoins in another BTC-E account through Tor, exchange them for BTC, cash the BTC at your exchange, two different blockchains, unlinkable, untracable).
Furthermore, there are already services (DarkWallet) or altcoins being developed with this purpose in mind.
Then, there are obvious HUGE advantages (both for the vendor and for the consumer) in using an online black market than the old fashioned "call your guy, make the deal" way if you're not dumb enough to see that.
I don't agree with what Chuckee said though, I'm just saying that what you said is false.
DISCLAIMER: I'm not encouraging anybody to engage in illegal activities, just stating the obvious facts.
these markets have been operating successfully for years, if the government could do anything about them they would have done it already.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
You seem to be very ignorant about the workings of the TCP/IP protocol and network monitoring capabilities. The government and law enforcement agencies do in fact have the resources available to monitor encrypted traffic over the Internet, and with these tools and other traditional methods, they do not have much trouble bringing down the black market sites, much like they did with Silk Road.
Will new ones crop up to replace them? Yes, of course. But people are busted for online drug transactions on a regular basis, although much of it is not well publicized, which somehow leads you to the conclusion that users have impunity against law enforcemement. The introduction of bitcoin makes little difference, since providing your physical address is the weak link. If drug cartels could let you pay with bitcoin, that went through a complex tumbler, and then they could beam the drugs to you Star Trek style, then maybe you'd have something. Until then, you're dreaming.
so the all mighty government has all these powers to monitor the entire internet and yet the black markets continue to thrive more than ever.
silkroad was down for maybe a week and then went right back to business, if that's the best the government can do then i have no doubt the black markets will continue to grow.
i don't know what the government is doing but there are more drug listings on the TOR black markets than ever before, clearly the government is failing.
They can't just walk in and shut a place down, they need to follow due process and obtain court orders before that can happen. You see that a silk road replacement rises without being immediately taken down, and from that you draw the conclusion that the online black market is thriving and invincible? There's a lot of money to be made by these site operators, which drive them to take up the business, and if they remain small, they might be able to fly under the radar for some time. But I would warn you, if you're doing any business with these markets or considering it, think carefully. You and every other user will be monitored. and you're putting yourself at great risk.
its been a year since silkroad was reopened, plenty of time to follow due process (as if anyone in the US still cares about that), if its still operating its because the government can't do anything to stop it.
LOG chart trend line tells me everything :
And the forecast:
1 month = 300-400 $
1 year = 1,300 - $2,000 $
2 years = 7,000- 9,000 $
3 years = 30,000- 50,000 $
5 years = 300,000 - 600,000 $
30 years = (price is irrelevant , fiat becomes minor part of world economy)
60-80 years = (FIAT no longer exists)
And the forecast:
1 month = 300-400 $
1 year = 1,300 - $2,000 $
2 years = 7,000- 9,000 $
3 years = 30,000- 50,000 $
5 years = 300,000 - 600,000 $
30 years = (price is irrelevant , fiat becomes minor part of world economy)
60-80 years = (FIAT no longer exists)
LOG chart trend line tells me everything :
And the forecast:
1 month = 300-400 $
1 year = 1,300 - $2,000 $
2 years = 7,000- 9,000 $
3 years = 30,000- 50,000 $
5 years = 300,000 - 600,000 $
30 years = (price is irrelevant , fiat becomes minor part of world economy)
60-80 years = (FIAT no longer exists)
And the forecast:
1 month = 300-400 $
1 year = 1,300 - $2,000 $
2 years = 7,000- 9,000 $
3 years = 30,000- 50,000 $
5 years = 300,000 - 600,000 $
30 years = (price is irrelevant , fiat becomes minor part of world economy)
60-80 years = (FIAT no longer exists)
these markets have been operating successfully for years, if the government could do anything about them they would have done it already.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
You seem to be very ignorant about the workings of the TCP/IP protocol and network monitoring capabilities. The government and law enforcement agencies do in fact have the resources available to monitor encrypted traffic over the Internet, and with these tools and other traditional methods, they do not have much trouble bringing down the black market sites, much like they did with Silk Road.
Will new ones crop up to replace them? Yes, of course. But people are busted for online drug transactions on a regular basis, although much of it is not well publicized, which somehow leads you to the conclusion that users have impunity against law enforcemement. The introduction of bitcoin makes little difference, since providing your physical address is the weak link. If drug cartels could let you pay with bitcoin, that went through a complex tumbler, and then they could beam the drugs to you Star Trek style, then maybe you'd have something. Until then, you're dreaming.
so the all mighty government has all these powers to monitor the entire internet and yet the black markets continue to thrive more than ever.
silkroad was down for maybe a week and then went right back to business, if that's the best the government can do then i have no doubt the black markets will continue to grow.
i don't know what the government is doing but there are more drug listings on the TOR black markets than ever before, clearly the government is failing.
They can't just walk in and shut a place down, they need to follow due process and obtain court orders before that can happen. You see that a silk road replacement rises without being immediately taken down, and from that you draw the conclusion that the online black market is thriving and invincible? There's a lot of money to be made by these site operators, which drive them to take up the business, and if they remain small, they might be able to fly under the radar for some time. But I would warn you, if you're doing any business with these markets or considering it, think carefully. You and every other user will be monitored. and you're putting yourself at great risk.
...@"TOR black market is srs bznz" crew:
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
from the UN
http://www.boston.com/news/world/europe/articles/2005/06/30/un_report_puts_worlds_illicit_drug_trade_at_estimated_321b/
321 billion and that's from 2005 so that's in 2005 USD purchasing power.
My special friend, of course the drug trade is srs bznz, but don't confuse the real drug trade with the neckbeards trading on TOR.
these markets have been operating successfully for years, if the government could do anything about them they would have done it already.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
You seem to be very ignorant about the workings of the TCP/IP protocol and network monitoring capabilities. The government and law enforcement agencies do in fact have the resources available to monitor encrypted traffic over the Internet, and with these tools and other traditional methods, they do not have much trouble bringing down the black market sites, much like they did with Silk Road.
Will new ones crop up to replace them? Yes, of course. But people are busted for online drug transactions on a regular basis, although much of it is not well publicized, which somehow leads you to the conclusion that users have impunity against law enforcemement. The introduction of bitcoin makes little difference, since providing your physical address is the weak link. If drug cartels could let you pay with bitcoin, that went through a complex tumbler, and then they could beam the drugs to you Star Trek style, then maybe you'd have something. Until then, you're dreaming.
so the all mighty government has all these powers to monitor the entire internet and yet the black markets continue to thrive more than ever.
silkroad was down for maybe a week and then went right back to business, if that's the best the government can do then i have no doubt the black markets will continue to grow.
i don't know what the government is doing but there are more drug listings on the TOR black markets than ever before, clearly the government is failing.
these markets have been operating successfully for years, if the government could do anything about them they would have done it already.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
yes i am counting on it, illegal drugs are a hundreds billions of dollars industry, if the big drug cartels realize they can cut the middle guys and sell directly on TOR the demand for bitcoin will be huge.
You seem to be very ignorant about the workings of the TCP/IP protocol and network monitoring capabilities. The government and law enforcement agencies do in fact have the resources available to monitor encrypted traffic over the Internet, and with these tools and other traditional methods, they do not have much trouble bringing down the black market sites, much like they did with Silk Road.
Will new ones crop up to replace them? Yes, of course. But people are busted for online drug transactions on a regular basis, although much of it is not well publicized, which somehow leads you to the conclusion that users have impunity against law enforcemement. The introduction of bitcoin makes little difference, since providing your physical address is the weak link. If drug cartels could let you pay with bitcoin, that went through a complex tumbler, and then they could beam the drugs to you Star Trek style, then maybe you'd have something. Until then, you're dreaming.
...@"TOR black market is srs bznz" crew:
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
Where are you guys getting all this funky and totally factual data? Some rly srs d00d from the intertubes?
from the UN
http://www.boston.com/news/world/europe/articles/2005/06/30/un_report_puts_worlds_illicit_drug_trade_at_estimated_321b/
321 billion and that's from 2005 so that's in 2005 USD purchasing power.
Paypal and Lawsky == drugs n' black markets. Makes sense.
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