If LBC trading comes under attack then that will be the end of DNMs

Ill spell it out:


Comments


[15 Points] Vendor_BBMC:

Hello? Rest of the world here? It won't mean the end of DNM's.

Only for the USA.

The UK government LOVE bitcoin. Capital gains from bitcoin are tax-exempt, and more than half of the blockchain is under the control of two UK companies - (the largest online wallet provider and the largest mining pool).

Fortunately, LBC has a truly unbeatable tumbler, and no cash goes through the site. It just provides a way of two individuals to talk to each other, and an escrow.

When the escrow is released, the person buying the bitcoin doesn't get YOUR bitcoi. He gets one from yesterday, from somebody else, that's already been tumbled.

When a person withdraws bitcoin, it doesn't come from their deposit address. It comes from one of the tumbler wallets.

LBC allows almost any payment method, or bank transfer into any account. Its not actually illegal to buy and sell bitcoins.

Vendors can tumble their earnings through bitcoin fog, and wait 6 hours.

OR they can have two LBC accounts, a fake one, and one linked to themself. Withdraw direct from the DNM to the fake name LBC trader. "You" then "buy" the bitcoin off "him" for cash, instantly tumbling it (and LBC only takes 1%, bitcoinfog 1% to 3%)

You then sell to a "100+ / 100%" pro trader. You have buy and sell trades that match, so you look like a real bitcoin trader - buying with cash, selling by bank transfer.

A vendor can create a new deposit address every time


[3 Points] NIGGALISHUS:

Switch to darkcoin.


[4 Points] None:

Unknown


[4 Points] christmasfine:

BTC inherently has value, and can be cashed out to any currency. As we saw with Mt.Gox, America isn't the only country in the world and BTC will do just fine even if BTC->Cash exchange are heavily impacted. For one, BTC could be cashed out to Euros in bumfuck Europe, than just to USD. Easy.

It doesn't matter what the feds do, they cannot stop cryptocurrency anymore than they can stop torrents.

If LBC comes under attack, then other methods to cash out will pop up and no one will care. You can just buy BTC with cash through craigslist or online, if you can't meet people in person, there will always exist online escrow sites and review/feedback ratings for payment-first deals so people can buy BTC online.

TLDR: OP is a faggot


[1 Points] ___WTF__:

FUD

failz.


[1 Points] DontGiveAFuxtable:

I suppose there's always bitcoin ATM's, though there aren't too many at the moment. Hopefully that will change soon


[1 Points] 13tom13:

People have been talking about making a darknet version, a few people have made posts about it. How would they have legal president to do that anyway though. It would have to be all around the world because people could transfer bitcoins to a trusted contact and they could sell it change the money to the vendors preferred currency and transfer it back. People said similar things about attacks on previous sites but when those sites got shut down something popped up again.


[1 Points] hdheuud:

Lol no. I don't use local Bitcoins. F2F cash transactions to throw away addresses.


[1 Points] None:

If not LBC some other company will show up. If there is a demand someone is going to take advantage of the opening and supply.


[1 Points] Throwaway_concept:

Remember when bitinstant got shut down? This is what people said.


[1 Points] twigburst:

You do realize more drugs get sold online via WU than bitcoin right? Its not like they bust most people for doing that, how the fuck would they be able to bust most dealers for this? The smart ones figure out how to do it without getting busted, dumb ones go down. None of this game is new except for you apparently.


[1 Points] None:

"With so much drama in the L.B.C., it's kinda hard cashing out all my B-T-C"


[-1 Points] None:

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