I don't have to read them to tell you its complete Fuck all tbh.
Hi Grit,
It's unfortunate you feel dissatisfied with the previous post. I appreciate the reasoning wasn't sufficiently clear for you to understand. Let me explain further...
If a government decided to 'clamp down' on Bitcoins they would be greatly troubled by the tor network. It would take much work to find out who was hosting what and where and how it was being accessed.
I hope this helps but if you have any further queries please to not hesitate to contact us here at the department of the hard of thinking.
Best regards,
RingDing esq.
Tor is impossible to track.
It's an onion router.
torproject.org
In short if they cannae shut down the likes of Silk Road they won't be able to shut down bitcoins.
Not impossible. It'll just be totally impractical to do so.
The virtual currency has been making waves since 2009, but the financial crisis in Cyprus has seen people rushing to invest. Are these encrypted files really the future of cash? - Independent
"City traders have mixed feelings," says mischievous City Boy author Geraint Anderson. "On the one hand they'll be quaking in their boots about a rapidly-growing currency they currently can't manipulate, trade or make commission from. On the other, they'll welcome any innovation that will facilitate the acquisition of high-quality cocaine after the market shuts."
I find it odd the amount of blind faith some people put in tor and its node operators. No authority really bothers with it that much because they know anyone serious is going to use other methods to secure their communications
Whether you have anonymity or privacy isn't relevant in this context; all you need is access. If the government blocked mtgox.com, you could still access it with tor, your privacy would be assured by https, and the (possible) lack of anonymity doesn't matter.
The weekly coin dump:
Yeah there is mischief afoot. However if you see the pattern then you can profit. I waited for the regular dip/crash and bought at 119. It's now bounced back to 140.
The market will pick up a bit today, go quiet for the weekend and rise again on Tuesday, if the usual pattern recurs.
The attacks could be the work of malicious hackers who were trying to "game" the exchange and manipulate the value of Bitcoins so they could cash in, MTGox said in an interview with ComputerWorld. Attackers are thought to be working to a cycle in which they sell Bitcoins when values are high, then mount an attack that forces prices to crash, buy up the cheaper coins and then let the value climb again.
What's not clear is whether the price will facilitate, inhibit or promote btc as a payment system. To represent money it has to have a stand in or conversion value. If btc are worth 1 cent each, then you will only ever be able to transfer less than 2m with it, even if you have every coin.
This spiv is mental.
Max Keiser @maxkeiser
1hI'll be speaking in Bradford West on: "Palestine, Apartheid and How to Overcome It With Bitcoins"@georgegalloway