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Topic: Why bitcoin will not end like liberty reserve (Read 1020 times)

hero member
Activity: 661
Merit: 502
need to implement some kind of tor-style bitcoin exchange, with "IBAN" nodes that can convert to cash, so the same business account isn't used to deal with all transfers.

You will run into problems the moment you involve a paper trail. Cash in hand is the only way to avoid problems with financial institutions, it's that or use a regulated company and include them in any legal filings you have to do. I'm not sure how it is per country, some say you have to report anything over x amount, others say you have to report any sort of income no matter that amount.
full member
Activity: 196
Merit: 100
need to implement some kind of tor-style bitcoin exchange, with "IBAN" nodes that can convert to cash, so the same business account isn't used to deal with all transfers.
legendary
Activity: 905
Merit: 1000

and somehow claim legitimacy of that round up at the same time?

Global Warming
hero member
Activity: 661
Merit: 502
I was having this discussion with a few people earlier. They can shut down exchanges, but they'll never be able to shut down the network.
legendary
Activity: 1512
Merit: 1049
Death to enemies!
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how do you arrest millions of people all around the world simultaneously?

Not going to happen unless New World Order becomes reality worldwide.

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and somehow claim legitimacy of that round up at the same time?

Terrorism, child abuse, drug abuse, hacking, tax evasion, staring at goatse, spitting on Big Brothers portrait and so on.
sr. member
Activity: 375
Merit: 250
how do you arrest millions of people all around the world simultaneously?

and somehow claim legitimacy of that round up at the same time?
full member
Activity: 238
Merit: 100
bitbitcoins.com
In this topic please develop arguments that are in favor of Bitcoin after Liberty Reserve has been turned off.
This to avoid bad amalgams.

I begin : bitcoin is not the fact of one entity
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