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Ariella
Ariella
5/8/2018 8:58:38 PM
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Protector
Re: service
@mhhf1ve it would have been a smart move to hold on to them. Back in 2010, 10,000 bitcoins for would have just covered the cost of a couple of pizzas. See https://bitcointalk.org/index.php?topic=137.0  Right now:, it's coming close to $10,000 per Bitcoin. And prior to the pizza purchase, the valuation was even lower 

View Event #2 on ChartNew Liberty Standard opens a service to buy and sell bitcoin, with an initial exchange rate of 1,309.03 BTC to one U.S. Dollar, or about eight hundredths of a cent per bitcoin. The rate is derived from the cost of electricity used by a computer to generate, or "mine" the currency. Sources: https://web.archive.org/web/20091229132610/http://newlibertystandard.wetpaint.com/page/Exchange+RateGenesis Block Established - January 3, 2009

Read more: Complete Bitcoin Price History Chart + Related Events (2009 - 2018) | 99Bitcoins

 

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mhhfive
mhhfive
5/8/2018 8:52:04 PM
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But the bitcoin creator has very early bitcoins, and those can be traced. But I think those bitcoins are probably never going to be used.

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Ariella
Ariella
5/8/2018 8:35:01 PM
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@mhhf1ve If the person known as Natoshi doesn't unload a particulalry large number of bitcoins at once or otherwise use it more heavily than the usual crypto user, it would be rather difficult to distinguish him/her/them out of the others. It's only if you're tracing a particular transaction that you can actually find out who made the payment for the illegal product or service.

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mhhfive
mhhfive
5/8/2018 7:57:05 PM
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Well, but that said, no one knows who bitcoin creator Satoshi Nakamoto really is, either. So if you're smart enough, you can cover your tracks and no one will be able to figure out who you are.. But then again, I don't think Nakamoto has used his (insanely valuable) bitcoins -- and if he/she ever did -- maybe there would be a way to track him down? 

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Ariella
Ariella
5/7/2018 11:28:45 AM
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Re: service
@mhhf1ve Yes, for its notoriety as the currency of choice on thinks like Silk Road, Bitcoin's blockchain makes it traceable. It does take more work than the immediate link of a credit card or bank account, but it can be done.

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mhhfive
mhhfive
5/6/2018 10:22:11 PM
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Guardian
Re: service
I've hear monero is popular with bad guys because it's supposedly more anonymous than bitcoin. Bitcoin is not great for crime because all the transactions are public and traceable -- so if you don't launder your bitcoin well, it'll eventually expose you as a bad guy someday. There are more than a few bitcoin forensic startups looking to data mine the bitcoin block chain for all kinds of behavior.

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Ariella
Ariella
5/6/2018 7:42:23 PM
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Protector
Re: service
@mhhf1ve that's an interesting question: which crypto currency is/will be favored by the bad guys. There are now way over a thousand choices for them to select from.

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mhhfive
mhhfive
5/6/2018 1:04:50 PM
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Guardian
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Maybe the malware-ransomware trends will shift again if/when the crypto currency craze dies down. Or maybe when crypto currency becomes mainstream there will just be more ransomware asking for bitcoin or whatever the favorite altcoin will be for bad guys.

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Ariella
Ariella
5/6/2018 12:12:48 PM
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Re: service
@mhhf1ve that's possible. Perhaps they have more to lose than other business concerns.

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mhhfive
mhhfive
5/5/2018 12:08:30 PM
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Guardian
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I thought the trend was away from ransomware to hidden crypto currency mining malware -- because ransoms were not as likely to payout as crypto currency mining. Perhaps hospitals are more likely to pay ransoms?

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