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Originally Posted by AndyA
this whole Bitcoin thing sounds like a whole bunch of horseshit
how about a simple program that you can deposit money into an anonymous account and use that... call it "Black Accounts" and it's basically a "Adult Bank"
like the Ashley Madison of online banks specifically for people that want to remain anonymous online.... that I get
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I believe that could get shut down easier.
That sounds like Liberty Reserve and E-Gold. A bank was in the Middle East was hacked. A Russian hacker had ATMs spit out cash all over the world. The smurfs sent money back to the Russian via Liberty Reserve Dollars. Liberty Reserve Dollars was shut down after that.
Then there is the trust issue. Remember the guy from e-passport. Emptied all the accounts to make a movie for a shit story.
I believe with the spat of Ransomware, bitcoin may be on thin ice. Where virtual currencies may not be shut down. Anybody that transfers money to or from a virtual currency could get fucked.