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  1. 03-23-2013, 06:19 PM #1
    Zab
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    Bit Coins - Be Careful -

    I know they are all the rage right now, but when Big Brother steps in the value is going to bottom out

    Bitcoin Virtual Cash Gets Money-Laundering Rule - WSJ.com

    US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions | Zero Hedge
    "And Shepherds we shall be. For thee, my Lord, for thee.
    Power hath descended forth from Thy hand. Our feet may swiftly carry out Thy commands.
    So we shall flow a river forth to Thee And teeming with souls shall it ever be.
    In Nomeni Patri Et Fili Spiritus Sancti."
    http://www.youtube.com/watch?v=7_AtUXdXA_s
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  2. 03-23-2013, 06:20 PM #2
    dimebags7
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    whats the deal with coin mining, not sure what that is about.
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  3. 03-23-2013, 06:25 PM #3
    NSS1995
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    i never understood this bitcoin and just dont want to get involved with it, usa just wants to regulated everything smh
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  4. 03-23-2013, 06:26 PM #4
    dimebags7
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    regulations for your proctection IMO.
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  5. 03-23-2013, 06:31 PM #5
    jayyy27
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    Well this is interesting I think this one excerpt from the first link explains how it applies to individuals and states the " rule " is for business and not individuals. It leads me to believe at this time that there should not be a big concern.

    From 1st link above:

    Creating clear-cut rules for virtual currencies is difficult. A FinCen official said that anti-money-laundering rules would apply depending on the "factors and circumstances" of each business. The rules don't apply to individuals who simply use virtual currencies to purchase real or virtual goods.

    Very interesting Zab, nice to know you are up to date on pertinent news for the members!


    16:24 <PooffyFooffy> sorry jayy

    18:07 <gimmeabrew> @jayyy27: sorry
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  6. 03-23-2013, 06:35 PM #6
    rrickir
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    I dont really understand the bit coin thing either., and havent seen it used to many places at all yet really online, in everyday life.
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  7. 03-23-2013, 09:40 PM #7
    AAallday
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    Quote Originally Posted by Zab View Post
    I know they are all the rage right now, but when Big Brother steps in the value is going to bottom out

    Bitcoin Virtual Cash Gets Money-Laundering Rule - WSJ.com

    US Begins Regulating BitCoin, Will Apply "Money Laundering" Rules To Virtual Transactions | Zero Hedge
    Wow, this is crazy train.
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  8. 03-24-2013, 03:08 AM #8
    Mike1990
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    Its like a new currency by which u can buy things, maybe in future they will be worth sth if the owner wont make them for himself in big amount
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  9. 03-24-2013, 08:54 AM #9
    scooterdice
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    Sounds dangerous...if you have virtual money. Hackers are going to figure out how to get something for nothing....don't ever let your government go to virtual money...there should always be cold hard cash
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  10. 03-24-2013, 04:49 PM #10
    jasonv12
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    I don't even quite get what it is..
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