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Bitcoin: reality or illusion?


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I would say 'scam'

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It's sad but I don't think bitcoin will survive. I'm sure something similar will be born from its ashes.

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A lot of people thought bitcoin would be good because it could be used to avoid taxes and such that goes with currency. But not anymore. Its not currency but it is property and therefore taxable.

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A lot of people thought bitcoin would be good because it could be used to avoid taxes and such that goes with currency. But not anymore. Its not currency but it is property and therefore taxable.

 

if they can prove that you have any ;)

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These days? Where they track everything we say and do? Sure. Especially since bitcoin is computer based to begin with and they can get into anything. Who knows maybe they wont arrest you or tax you. Maybe they will just take it.

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These days? Where they track everything we say and do? Sure. Especially since bitcoin is computer based to begin with and they can get into anything. Who knows maybe they wont arrest you or tax you. Maybe they will just take it.

 

lol, I don't think you realize how anonymous you are with the bitcoin system. The whole thing is based on anonymity. The only way for the to get any information at all is by hijacking an exchange and monitoring trades. I don't think the exchange would be too happy about that...

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yea sure go build a bit coin miner with 5 980 and then you tell me if it is worth it after you pay your electric bill?

 

any way you go you fail! lmao @ bitcoin!

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lol, I don't think you realize how anonymous you are with the bitcoin system. The whole thing is based on anonymity. The only way for the to get any information at all is by hijacking an exchange and monitoring trades. I don't think the exchange would be too happy about that...

Exactly. In our 2015 Orwellian world dont put it past them. Keep in mind how they compromised huge telecoms for years and we didnt know a thing about it. Likely banks also so they can track terrorism related money. There is no more anonymity on the internet. In the past the CIA bought and ran their own banks to use for holding and transferring money around. They likely still do. If they need an exchange they can either make one or buy one.

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Exactly. In our 2015 Orwellian world dont put it past them. Keep in mind how they compromised huge telecoms for years and we didnt know a thing about it. Likely banks also so they can track terrorism related money. There is no more anonymity on the internet. In the past the CIA bought and ran their own banks to use for holding and transferring money around. They likely still do. If they need an exchange they can either make one or buy one.

 

hmm... I suppose that's true. There's still no definite ID linked to the exchanges though.

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Remember not too long ago some trusted Japanese guy 'lost' a whole lot of bitcoins belonging to other people because a hard drive or whatever was gone. Or some such nonsense.

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Remember not too long ago some trusted Japanese guy 'lost' a whole lot of bitcoins belonging to other people because a hard drive or whatever was gone. Or some such nonsense.

 

mtgox?  Yea... super shady. 

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