User Tag List

+ Reply to Thread
Page 4 of 4 FirstFirst 1234
Results 31 to 35 of 35

Thread: king pin drug dealer bitcoin confiscated

  1. #31
    Points: 54,857, Level: 57
    Level completed: 22%, Points required for next Level: 1,493
    Overall activity: 0.1%
    Achievements:
    50000 Experience PointsVeteran
    PJL's Avatar Senior Member
    Karma
    992
    Join Date
    Jan 2019
    Posts
    10,860
    Points
    54,857
    Level
    57
    Thanks Given
    103
    Thanked 982x in 846 Posts
    Mentioned
    232 Post(s)
    Tagged
    0 Thread(s)
    I think cryptocurrency and blockchain technology is the future . It fits comfortably into the cyber age that we now find ourselves in. It can solve a myriad of problems that we have with the current financial system . It's not a race - when the world is ready for it , it will be there waiting.

  2. The Following User Says Thank You to PJL For This Useful Post:

    Peter1469 (02-10-2020)

  3. #32
    Points: 56,731, Level: 58
    Level completed: 20%, Points required for next Level: 1,619
    Overall activity: 0.3%
    Achievements:
    SocialVeteran50000 Experience Points
    bulletbob's Avatar Senior Member
    Karma
    4648
    Join Date
    May 2019
    Location
    florida
    Posts
    12,372
    Points
    56,731
    Level
    58
    Thanks Given
    13,999
    Thanked 4,639x in 3,469 Posts
    Mentioned
    56 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by PJL View Post
    I think cryptocurrency and blockchain technology is the future . It fits comfortably into the cyber age that we now find ourselves in. It can solve a myriad of problems that we have with the current financial system . It's not a race - when the world is ready for it , it will be there waiting.
    What peoblems with the banking system.
    And why are you so worried about confiscation of your money .
    Thats usually only a concern if your a criminal .

  4. #33
    Points: 56,731, Level: 58
    Level completed: 20%, Points required for next Level: 1,619
    Overall activity: 0.3%
    Achievements:
    SocialVeteran50000 Experience Points
    bulletbob's Avatar Senior Member
    Karma
    4648
    Join Date
    May 2019
    Location
    florida
    Posts
    12,372
    Points
    56,731
    Level
    58
    Thanks Given
    13,999
    Thanked 4,639x in 3,469 Posts
    Mentioned
    56 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by bulletbob View Post
    What peoblems with the banking system.
    And why are you so worried about confiscation of your money .
    Thats usually only a concern if your a criminal .
    You keep pushing the issue that its hard to confiscate pjl . im curious why that matters to you.
    Seems to me only those who are involved in crime would be concerned about that.
    I dont worry about my bank accounts being confiscated because im not a criminal.
    Im not implying your a criminal but you seem very concerned that your money could be confiscated. Consedering your socialist commie beliefs I find that odd. I mean should you not be sharing your wealth wirh the people .
    Last edited by bulletbob; 02-10-2020 at 09:25 AM.

  5. #34
    Points: 56,731, Level: 58
    Level completed: 20%, Points required for next Level: 1,619
    Overall activity: 0.3%
    Achievements:
    SocialVeteran50000 Experience Points
    bulletbob's Avatar Senior Member
    Karma
    4648
    Join Date
    May 2019
    Location
    florida
    Posts
    12,372
    Points
    56,731
    Level
    58
    Thanks Given
    13,999
    Thanked 4,639x in 3,469 Posts
    Mentioned
    56 Post(s)
    Tagged
    0 Thread(s)
    There has been increased crackdown globally on illicit uses of Bitcoin $BTC▼2.51% over the last few years. But it seems that has not deterred one of the virtual currency’s earliest adopters — the “dark web users” — from using it to buy and sell illegal things online.
    The recently concluded year-long ‘undercover operation’ of the US Department of Justice against narcotic vendors found that most of them were using Bitcoin as means of financial transactions. Some were even found to be mining Bitcoin, as a secondary business.
    The US authorities have seized 2,000 BTC (approximately $12 million at the time of writing) from more than 35 vendors they have arrested.
    It’s worth noting that there’s a massive difference in the price of Bitcoin now and when the arrests where made in the past year.
    Most of the Bitcoin seems to have come from two vendors arrested in Maryland. While the authorities haven’t given the number of Bitcoin they seized from them — it was reportedly worth $22 million at the time.
    The vendors were arrested on January 18, and Bitcoin was worth approximately $12,000 on that day. That brings us to around 1,660 Bitcoin seized just from these two vendors but the authorities believe they possess approximately 4,000 BTC in total, all made selling drugs online.
    It is surprising that most of the vendors were using Bitcoins for transactions. The fact that Bitcoin isn’t anonymous has been known for a long, long time — so maybe the drug dealers should’ve seen it coming.
    The most popular case to highlight this was the infamous “anonymous drug marketplace” Silk Road. The US Federal Bureau of Investigation (FBI) was able to trace all Bitcoin transactions to the marketplace’s founder Ross Ulbricht.





    https://thenextweb.com/hardfork/2018...oin-anonymous/

  6. #35
    Points: 56,731, Level: 58
    Level completed: 20%, Points required for next Level: 1,619
    Overall activity: 0.3%
    Achievements:
    SocialVeteran50000 Experience Points
    bulletbob's Avatar Senior Member
    Karma
    4648
    Join Date
    May 2019
    Location
    florida
    Posts
    12,372
    Points
    56,731
    Level
    58
    Thanks Given
    13,999
    Thanked 4,639x in 3,469 Posts
    Mentioned
    56 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by bulletbob View Post
    You keep pushing the issue that its hard to confiscate pjl . im curious why that matters to you.
    Seems to me only those who are involved in crime would be concerned about that.
    I dont worry about my bank accounts being confiscated because im not a criminal.
    Im not implying your a criminal but you seem very concerned that your money could be confiscated. Consedering your socialist commie beliefs I find that odd. I mean should you not be sharing your wealth wirh the people .

    I do understand why you dont want to answer that question as you have the right not to on the grounds it might tend to incriminate you

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts