Expect more arrests stemming from BTC-e arrests

[BitcoinXio]

https://twitter.com/DavidShares/status/ ... 4794624000
https://twitter.com/DavidShares/status/ ... 2679306240
https://twitter.com/DavidShares/status/ ... 9159659520

[blackgoldcoin]

And this is the reason that Bitcoin has such a bad vibe to it to those who don't understand cryptocurrenies...

[BitcoinXio]

And this is the reason that Bitcoin has such a bad vibe to it to those who don't understand cryptocurrenies...

Meh, any currency such as USD can be abused by criminals. This should be common sense to outsiders but for some reason it's easier to think "bitcoin bad" then "people are bad" lol

Unfortunately privacy has been another casualty of the block size civil war going on for years now. We need wallets, exchanges, apps, and even the base protocol to adopt better privacy. User behavior is partly to blame, because if you have bad opsec then even the best wallet and base protocol may not help stupidity. But I believe it's Bitcoin's role to at least make it easier for the not-privacy-conscious to use Bitcoin without being able to be tracked and probed by governments.

[blackgoldcoin]

And this is the reason that Bitcoin has such a bad vibe to it to those who don't understand cryptocurrenies...

Meh, any currency such as USD can be abused by criminals. This should be common sense to outsiders but for some reason it's easier to think "bitcoin bad" then "people are bad" lol

Unfortunately privacy has been another casualty of the block size civil war going on for years now. We need wallets, exchanges, apps, and even the base protocol to adopt better privacy. User behavior is partly to blame, because if you have bad opsec then even the best wallet and base protocol may not help stupidity. But I believe it's Bitcoin's role to at least make it easier for the not-privacy-conscious to use Bitcoin without being able to be tracked and probed by governments.

I agree that it's very common to have the "bitcoin bad" easier than "people are bad" opinion, and it seems to me like this is largely the fault of big companies and news outlets.

In a perfect world, everyone would switch from using Bitcoin, to "the perfect coin", that would include all the features such as privacy (like Zero-Knowledge Proof, or Ring-Signature coins), a "perfect solution" to the blocksize problem, and an infinite world of possibilities like contracts/etc.

However, a perfect world like this cannot exist when it is being prevented by those who want a "perfect life" for themselves instead of a "perfect world" for everyone else.

[BitcoinXio]

And this is the reason that Bitcoin has such a bad vibe to it to those who don't understand cryptocurrenies...

Meh, any currency such as USD can be abused by criminals. This should be common sense to outsiders but for some reason it's easier to think "bitcoin bad" then "people are bad" lol

Unfortunately privacy has been another casualty of the block size civil war going on for years now. We need wallets, exchanges, apps, and even the base protocol to adopt better privacy. User behavior is partly to blame, because if you have bad opsec then even the best wallet and base protocol may not help stupidity. But I believe it's Bitcoin's role to at least make it easier for the not-privacy-conscious to use Bitcoin without being able to be tracked and probed by governments.

I agree that it's very common to have the "bitcoin bad" easier than "people are bad" opinion, and it seems to me like this is largely the fault of big companies and news outlets.

In a perfect world, everyone would switch from using Bitcoin, to "the perfect coin", that would include all the features such as privacy (like Zero-Knowledge Proof, or Ring-Signature coins), a "perfect solution" to the blocksize problem, and an infinite world of possibilities like contracts/etc.

However, a perfect world like this cannot exist when it is being prevented by those who want a "perfect life" for themselves instead of a "perfect world" for everyone else.

There is an old saying that goes something like "most things in life that are worth anything aren't easy." I think this quote fits well right now. Maybe one day we'll have a perfect coin; until then we as users have to work to make sure our privacy is not being breached.

[BitcoinXio]

https://twitter.com/DavidShares/status/ ... 6818630657

I would suggest people that have money on LocalBitcoins get them off. I have a feeling they along with many other exchanges are going to be targeted next. It's a good rule of thumb anyways to never leave your funds on an exchange and keep them on your own wallet that you have the private key to.