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US going after bitcoins with money-laundering rules

Discussion in 'BlackHat Lounge' started by phpbuilt, Mar 23, 2013.

  1. phpbuilt

    phpbuilt Jr. VIP Jr. VIP

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  2. msidennis

    msidennis Newbie

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    Bitcoin is fairly new and has a lot of challenges in it's future.

    The USA will shake down any new up and comer ;)
     
  3. sashablack

    sashablack Elite Member

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    US does this because they don't get a cut, it was the same thing with poker :( which I highly miss
     
  4. ferma231

    ferma231 Elite Member

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    USA should stop to try rulle the world.
     
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    Last edited: Mar 25, 2013
  5. Roparadise

    Roparadise BANNED BANNED

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    They can only regulate u.s. based firms, base it in Russia and they can't do anything.
     
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  6. lancis

    lancis Elite Member

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    No wonder, used on large scale it puts the economy (as we know it) in danger. On the other hand, the economy as we know it, isnt the most brilliant thing we could come up with, so may be they should adapt instead?
     
  7. steelballs

    steelballs BANNED BANNED

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    Bitcoin is all set to move in on Cyprus if and when the banking system collapses...

    The value of one Bitcoin has surged from $49 to more than $60 a unit recently and over $700 million are trading miniscule figures but they are here and they will grow...
     
  8. KeyzDT

    KeyzDT Power Member

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    the economy, the internet, bitcoins. US Government wants it all and they cant even wipe there own asses with all the money they print
     
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  9. ReALeST

    ReALeST Power Member

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    The free world called the interent:)
     
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  10. ReALeST

    ReALeST Power Member

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    Nothing funny about that lol
     
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  11. KeyzDT

    KeyzDT Power Member

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    +1. if you think about it the internet is the last bastion of freedom we have because no one country can regulate that. I hate it when I hear about the US government sticking there big nose in it trying to regulate it because anything they touch turns to shit. I'm American in case that was on your mind.
     
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  12. Ste Fishkin

    Ste Fishkin "I'm watching you.." - Apricot Jr. VIP Premium Member UnGagged Attendee

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    It's a P2P currency, it has no homeland and therefore how can any government try and claim it and tax it or even rule that its illegal?

    It's no different to buying gold, the value it has is only given by the people.
     
  13. Ste Fishkin

    Ste Fishkin "I'm watching you.." - Apricot Jr. VIP Premium Member UnGagged Attendee

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    One thing that fucks me off with this is the minuet anything like this comes along america only have to say 'its being used to fund illegal activity' and they will get the backing of their moron citizens.

    It's fucking bullshit. Real money, guns, women, drugs, alcohol, cars, land are all used to fund illegal shit.

    They really do fuck me off.
     
  14. KeyzDT

    KeyzDT Power Member

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    yep. that "funding illegal activity" shit is their trump card they always play that gets soccer mom's panties in a twist and has them running to the voters box.
     
  15. imperial444

    imperial444 Elite Member

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    They will squeeze it, no doubt lol
     
  16. zebrahat

    zebrahat Elite Member

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    The only lever the government or banks can squeeze to contain Bitcoin are the third party exchangers (Mt. Gox et al) who are conducting a 'money transmitting' or similar transfer services. But BTC is basically a peer to peer network that does not need a third party to transfer currency, and the regs only apply to third parties. Absent the development of software that can magically detect and intercept any peer transfer of Bitcoin on the planet, there is no way to shut down or regulate totally decentralized transfers between direct parties.
     
  17. Ptrick125

    Ptrick125 Regular Member

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    The 21st century "final frontier"... TPB is where "pioneers" go...

    I guess if BitCoin is guilty for aiding illegal activities, so is every other currency...
     
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