Silk Road forums

Discussion => Off topic => Topic started by: odd on October 23, 2012, 05:29 am

Title: selling bitcoin legal??
Post by: odd on October 23, 2012, 05:29 am
I posted this in Off-Topic because i wasn't sure where this belonged and figured this was the best bet.  I'm a little curious..... Now i know that buying bitcoins is totally legal but do you need a license or anything like that to sell bitcoins legally or can anyone sell bitcoins legally? Like for instance if there was a vendor on SR that offered bitcoins that would be totally legit right? or am i completely wrong?
Title: Re: selling bitcoin legal??
Post by: Limetless on October 23, 2012, 06:29 am
No it would not be legal because you could be fucked for facilitating the sale of illegal shit which comes with a heavy weight I think.
Title: Re: selling bitcoin legal??
Post by: psych0naut on October 23, 2012, 06:41 am
No it would not be legal because you could be fucked for facilitating the sale of illegal shit which comes with a heavy weight I think.

So, if I sell you, let's say, 10 gold ingots, and later you exchange them for kalashnikovs and grenades, I "could be fucked for facilitating the sale of illegal shit"?

But I just exchanged my ingots with your money, I had no way to know how you'd be going to use them; from what I knew you could have used the ingots I sold you to buy thousands of candies for poor children.

So, it sound pretty unlikely to me.
Title: Re: selling bitcoin legal??
Post by: Limetless on October 23, 2012, 07:09 am
Feel free to check it out, you're basically aiding and abetting or and helping facilitate a criminal transaction. They could technically get you on a conspiracy if they could prove you knew details as well and did it on a regular basis.
Title: Re: selling bitcoin legal??
Post by: RxKing on October 23, 2012, 07:11 am
No it would not be legal because you could be fucked for facilitating the sale of illegal shit which comes with a heavy weight I think.

Sorry Lim..But your wrong...Here in the USA it is 100% legal as of now.
Title: Re: selling bitcoin legal??
Post by: Limetless on October 23, 2012, 07:13 am
No it would not be legal because you could be fucked for facilitating the sale of illegal shit which comes with a heavy weight I think.

Sorry Lim..But your wrong...Here in the USA it is 100% legal as of now.

Yeah I am not saying that on a basic level it isn't but when you take into account the circumstance it could be possibly considered a crime. I'm quite sure I'm right but if you are dead cert then fair do's. You are American after all lol.
Title: Re: selling bitcoin legal??
Post by: odd on October 23, 2012, 04:38 pm
thank you guys very much i think i see what you're saying....in general selling bitcoins is completely legal and fair game, but i think what limitless is taking into account is the part about a vendor on SR selling bitcoin.  It would make sense that by offering it directly on the SR market it might be considered aiding and abetting.  Thanks for the clarification!
Title: Re: selling bitcoin legal??
Post by: CoolGrey on October 23, 2012, 06:08 pm
It is legal in most western countries (I don't know of any that has a law against it), but if you appear to have gotten a large sum of BTC out of nowhere, it does look suspicious.

In the same way, it's perfectly legal to make a cash deposit into your bank account. However if you frequently visit the bank with big amounts of cash, you are going to get investigated.
Title: Re: selling bitcoin legal??
Post by: Hundred_Gram_Oz on October 23, 2012, 06:17 pm
you're basically aiding and abetting or and helping facilitate a criminal transaction.


absolute bullshit limitless. Give a credible  source or GTFO

Title: Re: selling bitcoin legal??
Post by: Ahoyhoy on October 23, 2012, 07:56 pm
Buying and selling BTCs is perfectly legal. They are often used for illegal activities so that's why people go to great lengths to cover their tracks in purchasing BTCs.
Title: Re: selling bitcoin legal??
Post by: johnmtl on October 23, 2012, 08:01 pm
Feel free to check it out, you're basically aiding and abetting or and helping facilitate a criminal transaction. They could technically get you on a conspiracy if they could prove you knew details as well and did it on a regular basis.

Bingo...

if you sell and buy BTC here you're in for an ass-whoopin

If you open a website on the clear net you should be fine buying and selling as you can not possibly know where the BTC came from.
that is for now... this could all change overnight and i expect it to change at some point in the new year.



Title: Re: selling bitcoin legal??
Post by: johnmtl on October 23, 2012, 08:07 pm
No it would not be legal because you could be fucked for facilitating the sale of illegal shit which comes with a heavy weight I think.

Sorry Lim..But your wrong...Here in the USA it is 100% legal as of now.

Its legal sure.. but its not legal to partake in facilitating in the sale of a drug/Money laundering...... If someone has a site and is advertising there services on here its game over! DEA will come in faster then a fastball and shut you down, take all your files and then not only are you fucked but anyone who used you is fucked....

you are wrong RxKing!



Title: Re: selling bitcoin legal??
Post by: trc on October 23, 2012, 08:14 pm
It's legal worldwide please find me one person who has been prosecuted for selling coin.