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Thread: Anyone here familiar with Bitcoin

  1. #1
    Roadhouse Groupee

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    Anyone here familiar with Bitcoin

    It's an interesting concept of what money is or is not

  2. #2
    Team GunsNet Silver 04/2014 El Jefe's Avatar

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    Yes. It is interesting and its basis for being is a little weird. I also know that it makes untraceable purchases easier.

    Get yourself a Bitcoin wallet, log on to Tor, and you can buy about anything you could want, assuming you know where to go. Tho I think TPTB are working on ways to derail all of this.
    Returns June 3rd.


  3. #3
    Team GunsNet Silver 03/2014 sevlex's Avatar

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    Read this before jumping in:

    http://market-ticker.org/akcs-www?post=219284
    Telling the truth is treason in an empire of lies.

    WWG1WGA

    Nothing good ever comes from a pinched sphincter

  4. #4
    Team Gunsnet SILVER 05/2012 deth502's Avatar

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    thats what you use to buy world of warcraft cheats and heroine.

  5. #5
    Team GunsNet Silver 04/2014 El Jefe's Avatar

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    Quote Originally Posted by deth502 View Post
    thats what you use to buy world of warcraft cheats and heroine.
    Basically.

    Oh, you can also use them to buy stogies from some Swiss sources.
    Returns June 3rd.


  6. #6
    Senior Member stinker's Avatar

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    Quote Originally Posted by Jefferson View Post
    I also know that it makes untraceable purchases easier.
    Once upon a time, maybe.

    There isn't anything private anymore with the NSA recording every peckerstroke everyone is making on their computers nowadays.
    History has a severe case of stuttering complicated by chronic hiccups.
    It always repeats itself and it never fails that something will go horribly wrong along the way.


    Direct democracy is a gang rape. Eight men vote to rape one woman and the woman has to accept it because the majority decided that it was ok. A constitutional republic on the other hand is eight men and one woman with a full mag. Think about it for a while until it hurts your head.

  7. #7
    Registered User LAGC's Avatar

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    Lightbulb

    Quote Originally Posted by sevlex View Post
    Yeah, not only that, but if quantum computing becomes a reality here within the next 10 years, most current cryptosystems could be cracked overnight, meaning every Bitcoin transaction to date could be traced back to each originator, exposing every illicit purchase in Bitcoin's history to full government scrutiny.

    Although there has been talk of a work-around called Zerocoin, an extension which would make Bitcoin transactions more anonymous:

    http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
    "That tyranny has all the vices both of democracy and oligarchy is evident. As of oligarchy so of tyranny, the end is wealth; (for by wealth only can the tyrant maintain either his guard or his luxury). Both mistrust the people, and therefore deprive them of their arms." -- Aristotle, Book V, 350 B.C.E

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