/biz/ - Business & Finance

>>14506926
Ok, now enforce it

>>14506926
They need better systems, so secure they can block their brain dead employees from letting in viruses.

>>14506926
>Being this new
You have to go back

>>14506926
good luck cashing out that bitcoin, it'll be followed forever

>>14507049
>>14507075
I will subpoena all your records from crypto exchanges and prosecute those exchanges which do not comply. All your crypto will be confiscated, if the records indicate you are in possession and you do not comply, you will be arrested and jailed until such time you transfer all your crypto assets to the state.

>>14506926
>>14507076
>they didn't have them pay in monero
Are they retarded?

>>14507073
You're right, but the first step will be to declare crypto illegal, since that will cost the state the least amount of money.

>>14507143
I couldn't even get the last 10 bucks out of my bitcoin wallet, the fee was more than the value. I would just hand over my password and wallet ID.

>>14507192
Submission of your private key and wallet ID is an acceptable form of surrendering your crypto assets. We will send you a form to fill out, please fill in the appropriate fields with this information.

>>14507049
Won't matter. If US outlaws crypto say goodbye to retail pumps, enterprise pumps, fin pumps.
All crypto will plunge, BTC will be sub $1000 for decades.

>>14507049
Demand all the KYC from all the exchanges and hunt us down one by one.

>>14506926
Based govs working the crypto neets into a shoot

>>14507143
good thing i lost all my crypto day trading ;)

>>14507376
No need. We have your ID you used to register. We will simply issue warrants for your arrest, monitor your financial activity, and sanction your ability to gain access to credit, government services, and notify your employer of your situation.

>>14507362
>when drugs were made illegal all drugs disappeared, all drug users stopped using drugs, and the value of all illegal drugs went to zero

>>14507145
boomer hackers

>>14507608
>possessors and vendors of drugs went to jail

interesting you're comparing crypto to drugs though - they are the same?

>>14507702
no but prohibition has never worked for anything ever

>>14507756
As if the government cares.

>>14507702
Drug laws are easier to enforce, yet despite this drug laws have proven to be largely unenforceable in the United States. Bitcoin laws would prove impossible to enforce since Bitcoin has no weight, smell, or shape.
The price of drugs went up as a result of their legal status, I suspect Bitcoin would rise in value if it was made illegal as well, since it is an unstoppable and irreversible store of value&transfer. Coinjoins and other unstoppable technology will sever the link between KYC coins and identity, increasing the plausible deniability of would-be Bitcoin criminals.

Why make Bitcoin illegal to stop ransomware? Why not just have better security and regular backups?

>>14506926
Crypto isnt the cause of the breach, and if they make crypto illegal it will just push the cost of meeting ransom demands higher when it's harder to trade.

>>14507143
>>14507362
>>14507376
Fuck off glowniggers

They're not going to declare crypto illegal. They're just going to require a paper trail and make it taxable. They don't have to outlaw it, just crush you with back taxes and related criminal penalties.

>ransomware did not exist before crypto

>>14507956
You don't see that crypto is providing a tremendous incentive for attacks like those cited to proliferate and seek larger targets?

Crypto is a tremendous danger to many systems and those systems will not idly let themselves be attacked.

>>14506926
Keeping the BTC you own.
>Move crypto from an exchange to hard wallet.
>Claim hack
Either:
>Move from hard wallet to exchange that does not require KYC and buy gold sent to an unregistered PO BOX which cannot be traced.
>Cash out on local bit coins
>Cash out using Bitcoin ATMs.

Or hide coins e.g.
>Monero
>Use a bitcoin tumbler.

Or set up an LLP or trust in the Cayman Islands where you literally cannot trace financial transactions.

>>14507883
Logical arguments carry no weight where government policy is concerned. The people will clamor for protection from the crypto menace.

>>14508122
Natural power shapes government policy, government policy can not shape natural power.

>>14506926
Good that it's decentralized and nobody will care.

>>14506926
ehem, G20 approved FATF guidelines

>>14508276
Agreed. In this case, the government policy will reflect the threat from the 'natural power' of crypto and outlaw it.

>>14508362
>government bans sun out of fear of skin cancer
But will they be able to actually enforce it?

>>14507049
>what is liberty reserve

>>14508402
It doesn't matter - retail and institutions will be banned from owning it - the days of college students dumping their loans into pumps will be over. It will be only for glowniggers to raise money for revolutions.

>>14508081
Lol
Pic related is u

>>14508122
I don’t have a logical rebuttals because I’m posting weak summer tier b8

>>14508362
It’s time to stop now Trevor. Grammy is here to visit from West Virginia and we agreed you would limit your screen time to 4 hours a day during her visit. Also please cut the grass.

>>14507143
I lost my keys in a tragic boating accident though

>>14506926

arent drugs illegal... the price just goes up

bullish as fuck

>>14506926
>someone does something illegal
>asks for bitcoin
>"oh no i cant do that, thats illegal!"

>>14507143
Good luck finding my nerva address

>>14508502
Truth hurts huh?

>>14507049
Hahaha
Man you've never fucked with the fed before have you

>>14507608
you can't snort and get high off buttcorns though dumbass
in fact you can't really do anything with them

>>14508723

hey grampa anon

good thing you learned how to internet

ron paul fucked with the fed...

>>14506926

enforcers pretending they don't know or lack resources by ignoring on purpose should be legislated

put enforcers first on the blockchain to track progression

>they demanded: 42 Bitcoin, or about $460,000.
What did they mean by this?

>>14509035
they got caught up in the hype too, decided to hack at the top of the bubble.

>>14509035
also the meaning of the universe.

hackers are fucking HGTTG nerds

>>14507143
>All your crypto will be confiscated
LMAO - how you gonna confiscate it dumbfuck?

>>14509965
Easy. Government crypto wallets. They use exchange data to identify how much you have, then order you transfer it to the appropriate wallet.

if they were to make it illegal it would only make it more valuable

>>14508701
You tell me?

>>14510138
It's not that simple to identify how much you have. They can seize the exchange data, wallet data, which is already a shit ton, but how do they distinguish where your crypto has been and currently is? Would have to trace every transaction, link it to your identity at every point, etc. Complicated as fuck, and if they are ever capable of this, new software to mask your crypti further will emerge immediately