And So It Begins: Bitcoins seized by DEA | Page 4 | TigerDroppings.com
Posted by
Message
cwill
New Orleans Saints Fan
Member since Jan 2005
28482 posts

re: And So It Begins: Bitcoins seized by DEA

I think that Wiki has always been clear that it can be anonymous that it can be secure...however, as you note, you have to be a very advanced computer programmer in order to be able to do that. And that's why it won't achieve broader appeal.


LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: And So It Begins: Bitcoins seized by DEA
In your opinion, which is easier to conduct transactions and remain anonymous, using bitcoins on the internet or cash?


cwill
New Orleans Saints Fan
Member since Jan 2005
28482 posts

re: And So It Begins: Bitcoins seized by DEA
I think my above post provides the obvious answer.


Replies (0)
Replies (0)
gizmoflak
Georgetown Fan
Member since May 2007
9326 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

In your opinion, which is easier to conduct transactions and remain anonymous, using bitcoins on the internet or cash?


you're comparing face-to-face cash transactions with internet bitcoin transactions?




When you buy something on the internet, do you put cash in an envelope and mail it out like a retard?

Your question makes no sense.


Replies (0)
Replies (0)
ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
10176 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

I think that Wiki has always been clear that it can be anonymous that it can be secure


IMO, the overarching issue is the vast majority of people have no issues with parting with a little private data so they can be a part of the mainstream financial system.

One of the major "pluses" of bitcoin is something that no one really cares about. In general, people just don't care about anonymity.


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

In general, people just don't care about anonymity.


Unless you are dealing in illegal drugs or black market weapons. Just this week I ordered ammo. 500 rounds of 7.62X39. They asked me for a copy of my drivers license and guess what? I gave it to them. Know why? Because I'm not doing anything illegal.


Replies (0)
Replies (0)
gizmoflak
Georgetown Fan
Member since May 2007
9326 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

In general, people just don't care about anonymity.


this may be true to some extent, but PRIVACY is a huge issue, and bitcoin might be able to offer much more privacy for your financial transactions than traditional payment methods can.


ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
10176 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

this may be true to some extent, but PRIVACY is a huge issue


I honestly don't think this is the case anymore. Just look at the information people divulge on Facebook and Twitter for free.

Google, Facebook and Apple have all been busted for taking/storing data behind users' backs and not a single frick is really ever given. It's the cost being charged for "free" services like email, social networking, maps, search, etc etc. and people are more than willing to pay.


Replies (0)
Replies (0)
LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

but PRIVACY is a huge issue, and bitcoin might be able to offer much more privacy for your financial transactions than traditional payment methods can.
If you think any financial transaction on the internet is not monitored and archived then you're a bigger fool than I thought....which is damn near impossible.


gizmoflak
Georgetown Fan
Member since May 2007
9326 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

If you think any financial transaction on the internet is not monitored and archived then you're a bigger fool than I thought....which is damn near impossible.


I do think that.

I also think that peer-to-peer bitcoin transactions can potentially offer more privacy than conventional financial transactions conducted via third party banks and clearinghouses, notwithstanding the fact that every single bitcoin transaction is publicly accessible.



How big of a fool do you think I am?



Gmorgan4982
LSU Fan
Member since May 2005
101713 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

Team Luddite


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts

re: And So It Begins: Bitcoins seized by DEA
Luddites were against things that increased efficiency. This bitcoin shite seems crazy inefficient right now don't you think penis head?


Replies (0)
Replies (0)
HamCandy
LSU Fan
Team Meat
Member since Dec 2008
514 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

The more "taint" the stronger the link that remains.


I do not know why I found this sentence funny.



Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts

re: And So It Begins: Bitcoins seized by DEA
Wiki actually explained Taint in great detail. I just thought it was funny. He gave me like a 500 word synopsis of how it works.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

He gave me like a 500 word synopsis of how it works.


I copied and pasted that description from blockchain.info


LSURussian
LSU Fan
Member since Feb 2005
85147 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

I copied and pasted that description from blockchain.info

So, you're saying you could not explain it in your own words?


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
58769 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

So, you're saying you could not explain it in your own words?


It's too complicated.


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
21131 posts
Online

re: And So It Begins: Bitcoins seized by DEA
quote:

It's too complicated.


BC it's taint.

What a crock of shit!


Replies (0)
Replies (0)
Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17190 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

I also think that peer-to-peer bitcoin transactions can potentially offer more privacy than conventional financial transactions conducted via third party banks and clearinghouses, notwithstanding the fact that every single bitcoin transaction is publicly accessible.
So anyone knows exactly when a Bitcoin transaction took place. Can't the NSA, who allegedly is monitoring everyone's internet usage, compare all messages that occurred at the same time as Bitcoin transactions and look for patterns regarding the senders and recipients of messages that correspond with Bitcoin transactions. If so, then any claim to privacy for Bitcoin transactions is hot air. In fact, the use of Bitcoins might be cause for increased suspicion by government such that it could trigger government to increase surveillance on Bitcoin users.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: And So It Begins: Bitcoins seized by DEA
quote:

So anyone knows exactly when a Bitcoin transaction took place. Can't the NSA, who allegedly is monitoring everyone's internet usage, compare all messages that occurred at the same time as Bitcoin transactions and look for patterns regarding the senders and recipients of messages that correspond with Bitcoin transactions. If so, then any claim to privacy for Bitcoin transactions is hot air. In fact, the use of Bitcoins might be cause for increased suspicion by government such that it could trigger government to increase surveillance on Bitcoin users.


Hypothetical: Person buys bitcoins from an exchange that is regulated and follows all KYC laws and what not. Person requests the exchange send those bitcoins to Address1. (Therefore it's provable that the person owns Address1.)

Then the person proceeds to send them a bunch of different times to other addresses.

example:

Address1 ---> Address2 ---> Address3 ---> Address4 ---> Address5

(that's a simple example. we could have many branches off that trunk too, if we wanted)

it looks like there were 4 transactions, yet the individual controls every address involved in the transactions.

How do you prove in a criminal trial that he controls Address5?

Do you think that the 'beyond a reasonable doubt' standard would be enough to protect a person, or will you argue that the burden of proof will actually be on the individual instead of the state?

In other words, would the defense that Address2 was actually an online webcam stripper and that Address3 through Address 5 are transactions from the stripper be enough to plant the seed of doubt, IYO?

This post was edited on 6/25 at 4:17 pm


Page 4 of 5

Back to top

Follow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram