Topic: What will you do if governments try to take away your bitcoin? - page 3. (Read 3653 times)
What would I do? I'd fart in their face while they kissed my ass.
actually, most people seem to be concerned even just about having to pay taxes for their BTC. Imagine you had "invested" $ 1k at the end of 2011, and sold in April 2013 ...
Imagine a brain wallet.
Police officer: "where are your money? Give us your money please".
After 10 years.
Police officer: "well now we know that you have a passphrase to use your brain wallet. tell us the passphrase, please."
Me: "Oh sure"
Police officer: "where are your money? Give us your money please".
After 10 years.
Police officer: "well now we know that you have a passphrase to use your brain wallet. tell us the passphrase, please."
Me: "Oh sure"
my brainwallet will be literally "i invoke my right to silence" with 0.001btc inside
so where they think i am saying i won't tell... im actually telling them.. their just not listening.
but thats all hyperthetical and a comedy moment for you armchair youtube anarchists. that think the world is out to get you at every turn.
in reality unless you personally are doing something illegal you have nothing to fear
Imagine a brain wallet.
Police officer: "where are your money? Give us your money please".
After 10 years.
Police officer: "well now we know that you have a passphrase to use your brain wallet. tell us the passphrase, please."
Me: "Oh sure"
Police officer: "where are your money? Give us your money please".
After 10 years.
Police officer: "well now we know that you have a passphrase to use your brain wallet. tell us the passphrase, please."
Me: "Oh sure"
I will laugh at them hysterically 
localbitcoins et al are just meeting places, there's no longer any point in using and supporting them once you have a certain network of trusted peers who you can go to to exchange bitcoins at much better rates, without having to pay fees to a 3rd party. Also, they're acting as potential attack vectors for people interested in how much trading you are doing, just think about it: a government agency could definitely figure out who you are by going through the corresponding logs, unless you are only using tor and anonymous mobile phones, and only use cash to settle transactions.
Once you know 10-20 people who are able to exchange 1k-2k USD per day, there's no reason why you shouldn't be able to use them all, if you need to. Each of them will have a fraction of your capital.
Once you know 10-20 people who are able to exchange 1k-2k USD per day, there's no reason why you shouldn't be able to use them all, if you need to. Each of them will have a fraction of your capital.
exactly, it's completely decentralized - as long as you get access to your private keys, you can also spend the currency - and you can store your keys not just online or on digital media, so the "taking away" part is hard to implement - the primary weakness are going to be the exchanges, because they're acting as the interface and they are the "central" and non-anonymous part of the whole system, which is however essential to actually see a crypto-currency adopted.
(note: what i say next is not legal advice, just a tip)
stick to the under 1k FIAT per person per day rule and localbitcoins, bitcoin otc will have no issues as there no ID required and no regulation, as its classed as personal transactions not business transactions
exactly, it's completely decentralized - as long as you get access to your private keys, you can also spend the currency - and you can store your keys not just online or on digital media, so the "taking away" part is hard to implement - the primary weakness are going to be the exchanges, because they're acting as the interface and they are the "central" and non-anonymous part of the whole system, which is however essential to actually see a crypto-currency adopted.
can all the sofa anarchists please stop it now.
fincen do not control the australian dollar, the yen, the euro, the pound, the rupee, etc etc. they only control the american dollar.
so get your head out of the sand.. fincen only want to regulate the FIAT which places like liberty reserve, bitstamp, mtgox, bitinstant, etc touch.. because its dollars and it involves bank accounts.
they cannot stop bitcoin nor do they want to.
so i personally say. let them control the bank accounts of FIAT to ensure teentrepreneurs (teenage amateur entrepreneurs) with no finance experience dont attempt to open exchanges without licences which ends up with them running off with other peoples FIAT cash.
and leave bitcoin to be free
fincen do not control the australian dollar, the yen, the euro, the pound, the rupee, etc etc. they only control the american dollar.
so get your head out of the sand.. fincen only want to regulate the FIAT which places like liberty reserve, bitstamp, mtgox, bitinstant, etc touch.. because its dollars and it involves bank accounts.
they cannot stop bitcoin nor do they want to.
so i personally say. let them control the bank accounts of FIAT to ensure teentrepreneurs (teenage amateur entrepreneurs) with no finance experience dont attempt to open exchanges without licences which ends up with them running off with other peoples FIAT cash.
and leave bitcoin to be free
Depends on what government it was. If it was the Korean government, I'd laugh at them. If it was the US government, I'd take the opportunity to fight and resist in the courts all the way to the Supreme Court to see that bitcoin got as much attention as possible, before giving them a private key to a wallet with 0.001 BTC in it.
thats exactly how its done
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... not ignorant cultist garbage.
Wake up! This is the country you live in: http://www.youtube.com/watch?v=-Rdi_RNRpdk
The country of the bug fucking liar Obama.
I don't live in the US. Every president is a liar from day one, because they do not control the US or its policies, money does. We aren't talking about corruption, we're talking about common sense. No one in the history of the US has ever been sent to Guantanamo Bay for refusing to give the FEDs a password to a bitcoin wallet. When that changes, let me know so I can agree with you. Until then, it's extremist nonsense that makes the few remaining good people on our side not want to help you.
... not ignorant cultist garbage.
Wake up! This is the country you live in: http://www.youtube.com/watch?v=-Rdi_RNRpdk
The country of the bug fucking liar Obama.
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You don't actually believe that do you?
You don't actually believe in Prism, do you?
You don't actually believe that do you?
You don't actually believe in Prism, do you?
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Fixed that for you:
Depends on what government it was. If it was the Korean government, I'd laugh at them. If it was the US government, I'd go to Guantanamo Bay take the opportunity to fight and resist in the courts all the way to the Supreme Court to see that bitcoin got as much attention as possible, before giving them a private key to a wallet with 0.001 BTC in it.
You don't actually believe that do you?
Fixed that for you:
Depends on what government it was. If it was the Korean government, I'd laugh at them. If it was the US government, I'd go to Guantanamo Bay take the opportunity to fight and resist in the courts all the way to the Supreme Court to see that bitcoin got as much attention as possible, before giving them a private key to a wallet with 0.001 BTC in it.
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Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet
Depends on what government it was. If it was the Korean government, I'd laugh at them. If it was the US government, I'd take the opportunity to fight and resist in the courts all the way to the Supreme Court to see that bitcoin got as much attention as possible, before giving them a private key to a wallet with 0.001 BTC in it.
They don't have to pry over your dead hands, just get them out of your computer 
Cold storage baby!
They don't have to pry over your dead hands, just get them out of your computer
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