Post
Topic
Board Bitcoin Discussion
Re: FinCen preparing to prosectute some Bitcoin users
by
franky1
on 27/04/2013, 10:32:17 UTC
5 pages of blah

*snip*

rule 10
if you don't want to follow the rules. don't touch FIAT

But BTCBuy was not exchanging directly for fiat they were doing gift cards in fiat denominations. If I can't even get a gift card with btc why should I mine. I don't want drugs off of SR so I guess I'm left with just trading with scammers in the Marketplace section of this forum, right?

i highlighted your statement at where btcbuy went wrong, and will leave them to read the full length of regulations as to why/how they went wrong.

if you want to get fiat (in any form) above $1000 in a small period of time or above $10k over a year and no ID is ever asked. then don't expect that service to run for very long.

i too dont want/do drugs. but this is where the media has brainwashed you. bitcoin is not used just for scamming people/drugs/playing the markets.

buy a computer or a tv www.bitcoinstore.com
buy some food https://www.foodler.com/user/Bitcoin.do
plus thousands of other things.

and remember bitcoin is still new. its still in the victorian age of currency. where its just moved away from only being used to trade on market places and whorehouses (cam4bitcoins) and is now moving onto being useful for more of a variety.

so the reason to mine is not to spend today. but to spend later.

if you really need FIAT and your only desire is fiat then only withdraw a couple hundred dollars/euros/pounds just to pay the bills.

cashing out every single bitcoin you mine for fiat defeats the entire reason for even using bitcoin