What is with the bitcoin obsession?

hazek said:
Not it's not anonymous, that was a media hyped fabrication.

Bitcoin with special precautions allows to be used pseudoanonymously but nothing more than that. And as soon as someone can link your pseudonym to your identity every past transaction you have made to or from that pseudonym is freely available for the whole world to see.
Click to expand...
what if let say a user, decides to open a bit coin software though a proxy server in china?
EDIT: NM got it
 
Last edited:
hazek said:
Not it's not anonymous, that was a media hyped fabrication.

Bitcoin with special precautions allows to be used pseudoanonymously but nothing more than that. And as soon as someone can link your pseudonym to your identity every past transaction you have made to or from that pseudonym is freely available for the whole world to see.
Click to expand...

when can the feds link a pseudonym to a person? it seems to me there are cases they can't, so in those cases it's anonymous.
 
I disagree. You always know from where it comes and it doesn't matter whether or not you can link a public address to an identity. If you can't you still know the public address so at best it's pseudonymous.

But I agree that with proper precautions and in certain cases it should be virtually impossible to link a pseudonym in the form a public address to a specific personal identity.
 
I'm really disappointed that they decided upon the term bit"coin". I can see law enforcement now...

"Well, only the U.S. Mint has the authority to make coins!"
 
CyberTootie said:
I'm really disappointed that they decided upon the term bit"coin". I can see law enforcement now...

"Well, only the U.S. Mint has the authority to make coins!"
Click to expand...

I don't think it makes much of a difference. The reason is that they were going to try to destroy bitcoins no matter what, so deciding to just ignore all their laws is a good thing to do.
 
Confusion post #2: if pools require a log in and password then isn't that a central database that could be used against users should the authorities come after users?
 
demolama said:
Confusion post #2: if pools require a log in and password then isn't that a central database that could be used against users should the authorities come after users?
Click to expand...

First of all, you can mine by yourself, joining a pool is just optional. What a pool does is just allow the miners to have a more constant rate of income, instead of getting 50 coins and then spend 2 months getting nothing.

Second, the pools are starting to accept encrypted connections.

Third, what would be the charges? Joining a pool?!?
 
I find it amusing that Senator Chuck Schumer wants to crack down on it, because he doesn't like the fact the government cannot control it and, heaven forbid, people could use it to buy drugs and porn. Gasp. Good thing that doesn't happen with our trusted government-regulated fiat currency, backed with full faith and credit of Uncle Sammy hisself! That's a drug-and-porn-free dollar, gaa-ruhn-TEED!
 
Where is Mt Gox based?

If/when the feds attack, how much will I still be able to do overseas? Is there another MtGox type website somewhere else that I could use?

FYI I don't do drugs at all, I just like bitcoin.
 
IDefendThePlatform said:
Thanks Texan! +rep

Next question,

If my bitcoins are all stored on my computer and not backed up, and it crashes, is there anyway to retrieve my bitcoins?
Click to expand...

The sensible things to do is to back-up your wallet.dat. If you loose your wallet.dat and there is no copy the bitcoins are lost forever. Making a back-up of wallet.dat is a must, just copy it to some usb memory stick and lock it up.

PS: I believe MtGox is officially a company in Japan, but the main owner is an american living in the USA.
 
I bought in for a few hundred USD @ $25. Not too worried, yet. Transferring a few hundred more to Mt Gox in case it dips to ~$16.
 
MtGox's trade server appears to be flooded with traffic. Taking 30-90s for an order to be placed.

Well. At least there's ~$100k of resistance @ $10. Though, $52k @ $20 didn't seem to make any difference.
 
Last edited:
I dont know if this is true:

Market manipulation. There were two big fake buy orders @ $20.10 & $20 trying to keep the price up. As soon as these were cancelled they price fell through the floor.

P.S. I suspect the big buy @ $10 is by the same manipulator, stay smart.
Click to expand...
 
I did wonder whether or not orders that don't have the funds to support them show up as legit orders? I thought they didn't..

btw they guy who dumped 22k BTC 25min ago has got to be crazy.
 
You must log in or register to reply here.

Similar threads

Swordsmyth
Washington has not allocated new arms supplies to Kiev in months
Replies
7
Views
47
wizardwatson
wizardwatson
PAF
The First Cause of Modern War is the Modern State
Replies
0
Views
121
PAF
PAF
2
Been A long time need assistance with Bitcoin
Replies
2
Views
342
24marinematt
2
pmbug
Monero devs building a new privacy crypto (Tari - XTM and XTR)
Replies
0
Views
17
pmbug
pmbug
PAF
What Is Left Of MAGA Is Not A Movement Of People Anymore
2
Replies
38
Views
760
Occam's Banana
Occam's Banana
Back
Top