BitCoin Camming Site :)

[Aella]

Actually I'm pretty sure one can't 'ban' someone from bitcoin. It's not regulated by any one central authority, and exchanges are almost entirely anonymous. Child pornography and bestiality probably ARE purchased and sold in bitcoin, and as it currently stands there is no way to stop it.

I support bitcoin anyway, though, because, though it is free from law, it's also free from government. Ideally, once it gains stability, there will be no regulation by an outside authority, there will be easier methods of tax reduction, and the market will be entirely self-regulating. A libertarian paradise, or at least as close to one as we're gonna get, here. Nobody can track transactions, so nobody could look at your records and try to take your money. There will be no artificial inflation or money saturation. There will be no import or export taxes. Everything will be at the whim of the consumer. Possibly even no minimum wage laws (though our government would probably fuck that over).

It's an unlikely future, but I want it so much I'm gonna support it anyway.

Wrong!

The Bitcoin Wiki for Anonymity isn't very reassuring, starting off admitting that "while the Bitcoin technology can support strong anonymity, the current implementation is usually not very anonymous."

Also this paper http://eprint.iacr.org/2012/584.pdf by Dorit Ron and Adi Shamir on the "Quantitative Analysis of the Full Bitcoin Transaction Graph" shows us that by analysing the Bitcoin Transaction graph (by default all transactions are logged the proverbial paper trail see http://blockchain.info/) you could figure out who is making the transactions.

They actually used this technique to search for Satoshi Nakamoto (person or group of people who designed and created the original Bitcoin software). They concluded that a handful of massive transactions made in November 2010, in which large amounts of Bitcoins were stashed away in several accounts that have yet to make another outgoing transaction were in fact by this person/persons. While it is not 100% Dorit and Adi say that if any of the Bitcoins make another transaction they would be able to identify who made them.

So the only way to be anonymous is not to have any transactions. Which defeats the purpose of any currency.

That's why I said 'mostly.' If I understand correctly, all transactions give you an ID 'number' that can't be traced back to you - but it's possible to see all transactions made by this anonymous number, and if you watch long enough, eventually you might have enough info to figure it out.

There ARE ways of changing your ID number (correct me if I'm wrong on this), though, so people who are very dedicated to privacy shouldn't find that to be much of an issue.

 

[Sevrin]

They actually used this technique to search for Satoshi Nakamoto (person or group of people who designed and created the original Bitcoin software). They concluded that a handful of massive transactions made in November 2010, in which large amounts of Bitcoins were stashed away in several accounts that have yet to make another outgoing transaction were in fact by this person/persons. While it is not 100% Dorit and Adi say that if any of the Bitcoins make another transaction they would be able to identify who made them.

Does that mean that this Nakamoto person/group stands to make a whole lot of RL money by cashing in those piles of Bitcoins?

 

[cassieheart]

They actually used this technique to search for Satoshi Nakamoto (person or group of people who designed and created the original Bitcoin software). They concluded that a handful of massive transactions made in November 2010, in which large amounts of Bitcoins were stashed away in several accounts that have yet to make another outgoing transaction were in fact by this person/persons. While it is not 100% Dorit and Adi say that if any of the Bitcoins make another transaction they would be able to identify who made them.

Does that mean that this Nakamoto person/group stands to make a whole lot of RL money by cashing in those piles of Bitcoins?

I would say defiantly .. But how and where could you sell that big of a stock pile of bitcoins? the answer is, you couldn't . He would have to sell them off slow. The market isn't big enough as of now.

 

[jeff98902]

This is a interesting little read on Bitcoins > http://www.wired.com/images_blogs/threatlevel/2012/05/Bitcoin-FBI.pdf


I understand the Nakamoto name is a pseudonym
But every time I see the name Satoshi Nakamoto I think of Japanese organized crime syndicates?
but most likely just my imagination.

 

[CallMeWilliam]

Thailand Government declares Bitcoin illegal, trading suspended indefinitely.

http://www.paritynews.com/2013/07/30/th ... efinitely/

https://bitcoin.co.th/trading-suspended ... dvisement/

I would have never suspected a country like Thailand taking such a stance.

Geez Louise...

 

[NataliaGrey]

Thailand Government declares Bitcoin illegal, trading suspended indefinitely.

http://www.paritynews.com/2013/07/30/th ... efinitely/

https://bitcoin.co.th/trading-suspended ... dvisement/

I would have never suspected a country like Thailand taking such a stance.

Geez Louise...

Thailand's always been strict on porn and drugs, and bitcoins are commonly used to facilitate purchases of those things, so it makes sense to me. Luckily, a bitcoin camming site probably shouldn't include Thai models since porn is illegal there anyway, so it's not a loss to the camming community.

 

[PunkInDrublic]

Thailand prolly furious that pedophiles are just buying all the cp that comes from there with bitcoin and not traveling there and spending money. Old and not completely accurate but this still gets a laugh out of me.

 

[CallMeWilliam]

Seems that this is becoming popular... http://strip4bit.com/pages/about

 

[PunkInDrublic]

Seems that this is becoming popular... http://strip4bit.com/pages/about

All I see is the same studio models that work at all the new camsites before they flop. "And all the show-offy porn lovers out of you can also broadcast an own webcam stream to the girls" lol

 

[AmberCutie]

Seems that this is becoming popular... http://strip4bit.com/pages/about

All I see is the same studio models that work at all the new camsites before they flop. "And all the show-offy porn lovers out of you can also broadcast an own webcam stream to the girls" lol

I will say it doesn't look as shitty as a lot of the other new sites that pop up. At least it's aesthetically pleasing.

 

[PunkInDrublic]

^Yeah seen worse. Now they just need customers.