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[VB] Forget piracy, U.S. government is going after Bitcoin - Page 2  

post #11 of 40
What is this thread about exactly ?!

Not related to the section title in any way.It should be about technology and science.
   
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post #12 of 40
You have better payback in the Bitcoin market if you play it. It used to be .5 USD per 1 Bitcoin about 3 weeks ago. Now it is $30 USD or more right now. The US just wants to reduce competition.
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post #13 of 40
This is shortly after people were founding selling drugs in little stores on the Tor network.
I remember an article not so long ago that was posted.
post #14 of 40
I don't a huge difference between this and something like Paypal. Most everything is virtual now. You get your paycheck directly deposited, and use your check card all the time. Who really uses cash much anymore. Besides cash is anonymous for buying drugs. Are they gonna outlaw cash?.....No because the government controls that. They have to control everything in our life to be happy.
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post #15 of 40
That doesn't make sense. Cash pretty much untraceable, but I don't hear any senators trying to get rid of the dollar. There must be another motive for them to want to outlaw bitcoin.
     
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post #16 of 40
Tor will be next?
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post #17 of 40
Quote:
Originally Posted by alltoasters;13808763 
That doesn't make sense. Cash pretty much untraceable, but I don't hear any senators trying to get rid of the dollar. There must be another motive for them to want to outlaw bitcoin.

They are trying to get rid of the dollar for a global currency. Just pay attention more to the news and you will understand.
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post #18 of 40
Blah, I passed on Bitcoin earlier when I saw the small amount you made and I couldn't configure it correctly, now I think I'll go back and start this. This feeds off of your GPUs if I remember correctly and AMD runs better than Nvidia?
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post #19 of 40
Quote:
Originally Posted by King Nothing;13808745 
I don't a huge difference between this and something like Paypal.

Bitcoin is P2P and distributed.

It cannot be shut down because their are no central servers.

It cannot be artifically regulated because there is no central authority.
Quote:
Originally Posted by alltoasters;13808763 
That doesn't make sense. Cash pretty much untraceable, but I don't hear any senators trying to get rid of the dollar. There must be another motive for them to want to outlaw bitcoin.

Cash is hard to transfer and large sums of cash are easy to trace if it touches a bank at any point.

Governments also control the production and valuation of their cash.
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post #20 of 40
Quote:
Originally Posted by DayzaStarr;13808787 
Blah, I passed on Bitcoin earlier when I saw the small amount you made and I couldn't configure it correctly, now I think I'll go back and start this. This feeds off of your GPUs if I remember correctly and AMD runs better than Nvidia?

.............what? It's a virtual currency that operates under the same premise of bittorrent, and relies on it's peers to maintain the currency. The article heavily references the usage of the currency on silk road, but the currency has other uses besides that.
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