Bitcoin Currency Exchange

 Di (@dida) 5 years, 2 months ago

I have a question about Bitcoin mining, so if there is anyone with the knowledge of such please let me know and I will continue with private message :)
Thank you!

June 7, 2013 at 11:34 am
Anonymous (213) (@) 5 years, 2 months ago ago

@dida, it’s currently in the process of being busted by the Feds

So…

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Mr. Arbiter (86) (@snaysler) 5 years, 2 months ago ago

@justinr, The feds are only trying to ensure that people don’t use Bitcoin for money laundering. They are not “busting” the currency, get your facts straight.

@dida, PM me. I’m an expert.

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Anonymous (213) (@) 5 years, 2 months ago ago

@snaysler, you better knock on wood

“The Department of Homeland Security (DHS) executed a seizure warrant to shut down the world’s largest bitcoin exchange for operating an unlicensed money transmitting service, according to documents filed in a Maryland court on Tuesday.

The DHS seized bank accounts belonging to Mt. Gox, a company that converts government-backed currencies into the untraceable, digital currency called bitcoins. The agency said the company violated U.S. laws that require money exchanges to register with the federal government and prohibit commerce that is derived from or could be used to support unlawful activity.”

But you’re fine because you obviously deal with a company that is registered with the federal government to exchange currencies

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Eric (1,819)M (@blankey) 5 years, 2 months ago ago

@justinr, That’s fucking creepy but also smart for them. However, it wasn’t the government behind that, it was the Federal Reserve which isn’t even Federal at all. It’s privately owned that just so happens to own U.S. corporations, the U.S. government, and its citizens (potentially beyond that).

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Mr. Arbiter (86) (@snaysler) 5 years, 2 months ago ago

@justinr, So they nagged at Mt. Gox (which is still currently running and I’m sure they will find a settlement to keep it that way). Mt Gox didn’t invent bitcoin they are just one company that sells it out of many, many companies and services. Bitcoin is in the grey area because the government didn’t used to consider it a real currency. Now that people use it for so much, the government drew some invisible line where they determined “now” it is a currency so we will give mt gox some shit.

Bitcoin itself is safe and isn’t going anywhere. Especially P2P.

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Anonymous (213) (@) 5 years, 2 months ago ago

@snaysler, Yea I can’t really see P2P stopping anytime soon lol

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x (74) (@ParalyticDreams) 5 years, 2 months ago ago

@justinr, Bitcoin is not going to be shutdown because their are too many websites that distribute bitcoins…. This is just another pointless war our shitty government is starting that is just going to waste money.

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Bryan Hellard (303)M (@xyver) 5 years ago ago

@dida, I know about it if you still have questions

@justinr, Like it’s been said, MtGox is just one company (exchange) out of many. bitcoins isn’t going to be stopped anytime soon. Germany just recognized it as a currency, a US judge has said its a currency as well (someone was trying to scam with it, saying they couldn’t be charged for fraud because it isn’t a currency), Canada compares it to Canadian Tire money…

No country could destroy Bitcoin. They could make it illegal to use Bitcoins in that country, but the rest of the world will keep using it. Also, even if it’s illegal, they’re (the government) is going to have a hell of a time catching people using it and regulating it.

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