Ideal Recipe - Mixing Governments With Bitcoins
Bitcoin, since its inception has been hailed for the decentralized model that allows the transaction of digital currency between users without the involvement of governments and financial institutions. People do not want government's involvement in the Bitcoin economy. Attempts by the governments to bring about regulations for bitcoin is being met with stiff opposition. However, this can't go on forever and for a good reason. There needs to be an active involvement of both government and the public in order to see Bitcoin emerge as a mainstream economy. Currently, the value of Bitcoin is....
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Is it possible for you to mix your Bitcoins with other people’s Bitcoins, and at the same time profit from it? Mixing companies claim it is - but there is a risk. Privacy is not just for criminals. Many people think that mixing services are primarily used to launder Bitcoins obtained through fraudulent or illegal means. This is not necessarily the case. Privacy is important for everybody. Criminals should not know how wealthy you are, strangers should not be aware of how you spend your money. This is a reason why Bitcoin mixers - Eg. Bitmixer.io - have grown their businesses. Trust is an....
Whether or not Bitcoin mixing services will ever be very useful to the Bitcoin ecosystem, remains to be seen for now. Digital currency was never intended to be anonymous, and any service claiming to provide something else requires users to put their funds and faith into the hands of a third party. Plus, users have to rely on Tor to access certain Bitcoin mixing services, which only makes the whole process even more complicated. Not to mention how there is always a risk of losing funds. Bitcoin Mixing Is Not For Everybody. There are several ways to go about using a Bitcoin mixing service.....
What factors make Texas an ideal state for Bitcoin mining and Blockchain marketing, despite the reluctant attitude among governments and central banks around the globe towards the Cryptocurrency phenomenon? How ideal is the Bitcoin environment for the residents of the state? Are there any new frontiers for the oil and gas industry that are being created by Bitcoin in Texas? CoinTelegraph decided to ask Robert Gonzalez about the problems of Bitcoin and the Blockchain in Texas. Mr. Gonzalez, the founder of UTXO, a Bitcoin mining company based in Houston Texas, says the goal of his company is....
The US Government through the US Marshal office has now entered the Bitcoin 'mixing' service space, offering an unprecedented service that will "clean" the Bitcoins that were considered "illegal" and turn them into effectively "washed" Bitcoins. Visit this link to read more about theprocess of taking the proceeds of criminal activity and making them appear legal. After months of deliberation, the US Marshal office has been set with the task of selling the Bitcoins that were seized from an FBI bust in October 2013. Last year the infamous Dread Pirate Roberts, who ran the Free Marketplace....
NXT, the finance 2.0 blockchain platform, has voted unanimously to implement CoinShuffle, a coin mixing anonymity technique to NXTcoin and other 'Monetary System' tokens. Implementation is expected on the next major release. A vote was posed to the community this July 18 on whether the coin mixing implementation would apply just to MonetarySystem (MS) tokens or also to NXT's core token, NXTcoin. After only a day, the community's response was incontrovertible with nearly 100% of the votes supporting coin mixing implementation to NXTcoin. The votes will be weighed on July 26 based how much....