Bitcoin and other crypt-currency stuff
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 Gary Charpentier     Send message Joined: 25 Dec 00 Posts: 30651 Credit: 53,134,872 RAC: 32 
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Why it will be banned https://www.cnbc.com/2018/02/13/barely-anyone-is-paying-the-taxes-they-owe-on-their-bitcoin-gains.html or made 100% traceable. |
j mercer  Send message Joined: 3 Jun 99 Posts: 2422 Credit: 12,323,733 RAC: 1
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I've been waiting for this. It will happen. Har... ... 
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Mr. Kevvy  Send message Joined: 15 May 99 Posts: 3776 Credit: 1,114,826,392 RAC: 3,319 
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In addition to cryptojacking and tax evasion, some other uses of cryptocurrency include narcotics, child pornography, human trafficking, illegal weapons, money laundering, blackmail, ransomware... ... basically everything that an anonymous, digital, supposedly untraceable currency was predicted to be used for. 
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KWSN - MajorKong  Send message Joined: 5 Jan 00 Posts: 2892 Credit: 1,499,890 RAC: 0
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In addition to cryptojacking and tax evasion, some other uses of cryptocurrency include narcotics, child pornography, human trafficking, illegal weapons, money laundering, blackmail, ransomware... Not to mention that cryptocurrency mining is causing some... problems... around here. https://hardware.slashdot.org/story/18/02/15/0548231/cryptocurrency-miners-are-limiting-the-search-for-alien-life-now https://motherboard.vice.com/en_us/article/59kdwn/cryptocurrency-miners-are-limiting-the-search-for-alien-life-now-gpu-seti http://www.bbc.com/news/technology-43056744 https://youtu.be/iY57ErBkFFE #Texit Don't blame me, I voted for Johnson(L) in 2016. Truth is dangerous... especially when it challenges those in power. |
JaundicedEye  Send message Joined: 14 Mar 12 Posts: 5375 Credit: 30,870,693 RAC: 1
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And the US stock market is nearly back to pre-correction levels. I'm personally down only 2% from the high on my IRA. Buttcoin is going to nil, zero, nada, nothing, ATTENTION: TULIP MINERS............. ..............you were warned by history.  "Sour Grapes make a bitter Whine." <(0)> |
moomin  Send message Joined: 21 Oct 17 Posts: 6204 Credit: 38,420 RAC: 0 
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It's weird to mix religion and economics... Chechen Leader Kadyrov Turns to Religion to Regulate Bitcoin https://themoscowtimes.com/news/chechen-leader-kadyrov-turns-to-religion-to-regulate-bitcoin-60520 “The council of [religious scholars] agreed that we should learn if we can buy, sell, make settlements with this money,†Kadyrov wrote on Telegram Wednesday. “If this is possible, we will come to the conclusion that cryptocurrency is halal,†he added. |
Wiggo  Send message Joined: 24 Jan 00 Posts: 34744 Credit: 261,360,520 RAC: 489 
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Bitcoin Under Pressure as U.S., Japan Revive Regulation Concern. Bitcoin slumped for a third day amid fears of a regulatory clampdown on cryptocurrency exchanges in Japan and the U.S., the world’s most active markets for digital assets.Cheers. |
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JaundicedEye Send message Joined: 14 Mar 12 Posts: 5375 Credit: 30,870,693 RAC: 1
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The Colorado Dept of Transportation office computer network was infected with a very tenacious Trojan that hides and mutates. It took down the finance and HR department computers state wide. The hacker demanded a ransom payment in Bitcoin to stop the attack ...........THIS is the reason Bitcoin and crypto currencies in general are 'useful'.......for transactions involving blackmail, human trafficking, drug sales, illegal firearms and most other criminal endeavors. I don't think the term 'Blood Money' has a better example........... ..........washing your hands won't help.......... "Sour Grapes make a bitter Whine." <(0)> |
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Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30651 Credit: 53,134,872 RAC: 32
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The Colorado Dept of Transportation office computer network was infected with a very tenacious Trojan that hides and mutates. It took down the finance and HR department computers state wide. Eye and I agree. If your computer calculates a blockchain for an illegal transaction, you are guilty of laundering that money. That's all it takes. |
Darth Beaver  Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3
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Same here, retired blue collar in '06, purchased in '92 and mine has appreciated 310%. I too cashed out some profit and have pushed in another direction. Agreed but ....310% sounds good but when worked out over approx 25 years you bought in 92 ..you still holding or sell and when did you sell !!! works out a lot less than 310% per year so ...yes you have done well .. .. however realty you didn't make much above inflation if over 24 years .... stock markets be they normal or Bit Coin or Forex , Futures you will earn much much more than what you have over the same period of time so long as you are not greedy . Ergo : peak of market $19,000 drops to $9000 less call it expenses drops to $4800 ......End of Jan .......March market steady and not doing much back up to $8000+ So be smart and don't be greedy nibble , nibble ,nibble NOT all in or bust and you can do very nicely . 2% + 2% +2% +2% +2% blah blah ends up % well that depends on you ! And you can use land in the same way just more complicated good luck .. 
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Darth Beaver Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3
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Eye and I agree. If your computer calculates a blockchain for an illegal transaction, you are guilty of laundering that money. That's all it takes. Umm Calculataes a Block Chain .............? Do you mean if you write a smart contract for illegal uses ? Writing a app that encrypts a network is not the same as Crypto Block chains BLAME YOUR Navy for opening up Pandora's Box and then ask your self why did they do it ......... Blocks can be traced witch is a miss understanding by most . Using someone else computer hardware without there approval is always illegal and encrypting that system and demanding a payment is only done by a complete iddot as by now everyone should know you don't pay and to backup your system for Hack just like the one your talking about . 2 Australian employees from Boom (weather dept) are under investigation for trying to use there network computers from mining Bitcoin ...Now if they did mine any all the Feds have to do is watch them and track them and if they try to sell said coins well there going to lose the lot . One thing to extort the money but it's whole different ball game once you have been found out and then try and spend it
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Darth Beaver Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3
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And the US stock market is nearly back to pre-correction levels. I'm personally down only 2% from the high on my IRA. The Tulip miners are still waiting for the Zero , Nada ,Nothing to happen ! What say you now that you will be paying more for your steel !! Trump says Tax cuts for all while the whole time he was giving with one hand while taking from the other ......:)
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Darth Beaver Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3
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ello Kong you herd about that thing up in the sky that makes the day and night ...... Well in the not to distant future some country's will not have to worry about power for mining as they will use that big red thinggy up in the sky along with the thing that makes a noise if it blows to much to generate the power they will need . Alas some country's won't progress along this path or if they do they won't see the low prices for there power as some only do things for greed A man called Jeremy Rifkin has a doco called the 3rd revolution you may find it very interesting and can alay some of your concerns and will make my comments above understandable Seeing as he has the ear of some very powerful people around the world i would listen to him very carefully
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j mercer Send message Joined: 3 Jun 99 Posts: 2422 Credit: 12,323,733 RAC: 1
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Sorry I only paid for 12 years, I refinanced down to 4 1/8% after five years. I cashed it out in 7 more years with over payments. Having tracked the principle/interest/inflation I paid over that time, I know I am way head. I own a prime location. It is called 'Real Estate' for a reason. You rent, mortgaged or own? ...
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Darth Beaver Send message Joined: 20 Aug 99 Posts: 6728 Credit: 21,443,075 RAC: 3
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owned my first house at 28 payed $60,000 put a pool in and built a garage cost $20,000 loan was for 5 years paid in 4 1/2 sold because of devorice for $125,000 silly me Could have got $150+ g at the time but shite happens and we do silly things Renting now life can be cruel but i'm still here and in a better position than most 48% sounds about rite for real estate these days if your in a growing area but still there is all ways a risk ergo GFC and now a possible Trade war
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KWSN - MajorKong Send message Joined: 5 Jan 00 Posts: 2892 Credit: 1,499,890 RAC: 0
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ello Kong you herd about that thing up in the sky that makes the day and night ...... What the heck are you talking about in this? My post (that you replied to)http://setiathome.berkeley.edu/forum_thread.php?id=82368&postid=1918983#1918983 has nothing to do with electricity... Let me quote it... Not to mention that cryptocurrency mining is causing some... problems... around here. Here, let me quote from the bbc article: "We'd like to use the latest GPUs [graphics processing units]... and we can't get 'em," said Dan Werthimer. Recognize the name I've underlined? You should... https://setiathome.berkeley.edu/sah_about.php What these articles I linked are about is that it became difficult to get GPU's due to all the extra demand caused by crypto-currency mining... https://youtu.be/iY57ErBkFFE #Texit Don't blame me, I voted for Johnson(L) in 2016. Truth is dangerous... especially when it challenges those in power. |
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Mr. Kevvy Send message Joined: 15 May 99 Posts: 3776 Credit: 1,114,826,392 RAC: 3,319
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B.C. CEO charged with conspiring to sell unhackable phones to criminals This is the paragraph that caught my notice: Documents obtained by Postmedia show Ramos used shell companies and crypto currencies to allegedly launder “tens of millions†of dollars of his illicit profits. The latest indictment alleges Phantom Secure generated approximately $80 million in annual revenue since 2008.
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Mr. Kevvy Send message Joined: 15 May 99 Posts: 3776 Credit: 1,114,826,392 RAC: 3,319
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It Has Begun! Venezuela Launches National Oil-Backed Cryptocurrency. Well, it was pretty obvious from the get-go (this story even comes from Sputnik News) but confirmed: Russia Secretly Helped Venezuela Launch a Cryptocurrency to Evade U.S. Sanctions President Donald Trump may not have realized on Monday that his executive order would step on Russia’s toes. Its official target was Venezuela, specifically the country’s plan to create the world’s first state-backed cryptocurrency, the petro, which went on sale Tuesday.
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Stargate (SA)  Send message Joined: 4 Mar 10 Posts: 1854 Credit: 2,258,721 RAC: 0
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http://www.news.com.au/technology/online/censorship/gun-videos-migrate-to-porn-sites-as-youtube-cracks-down/news-story/3c769a57ad93341a3846a36487146c6d Whats worse it's tied in with child porn! Child Porn is the driver here!! (keep that in mind) Those who oppose the findings I consider child porn carriers as scum SIMPLE! |
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Mr. Kevvy Send message Joined: 15 May 99 Posts: 3776 Credit: 1,114,826,392 RAC: 3,319
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That has nothing to do with either child pornography, or Bitcoin, at all. The site indicated that the videos are migrating to is the largest (adult) pornography site on the internet and stays that way by being strictly legal as far as age and content goes at least, and no cryptocurrency is mentioned.
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