This is topic BITCOIN in forum General Talk at Northern California Ford Owners  .


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Posted by macthizzle (Member # 3492) on :
 
Has anyone used BITCOIN for purchasing items online or online gambling? For my poker cashouts the website charges 2% for bitcoin transfers and i get the money in 48 hours $5000 max cashout at a time. ATM cashout is $25 fee with $2500 max 48 hour. Check by courier is $35 fee and max of $2500 15 business days. I am looking at BITCOIN because I can transfer money to and from my bank with no trace, since football season is coming I plan on making a decent amount of money.
 

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Posted by 9cobra7 (Member # 2812) on :
 
So this is how they're going to wipe out the 20 trillion in debt. I wish I could start a system like this lol
 

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Posted by macthizzle (Member # 3492) on :
 
Well the Federal government and the voters are idiots. If marijuana and online poker was regulated our deficit would be much less. If handouts weren't given it would also be reduced.

I'm not trying to pay taxes on something that my government has made illegal.
 

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Posted by 9cobra7 (Member # 2812) on :
 
I honestly don't know much about bitcoin. I thought it died out a couple years ago when it first came out. I will have to look into this a "bit" further
 

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Posted by foxbody (Member # 582) on :
 
i know alot about bitcoin

bitcoin is still traceable when it is attached to any bank account

the best way to use bitcoin is get a coinbase account,then transfer winnings in bitcoin to your coinbase account

then sell the bitcoin back to coinbase

u can then choose to keep the $$ in the coin base account and transfer it to your bank account whenever you choose to

you can leave the $$ in bitcoin itself in your coinbase acc,but it goes up and down per minute..if u like to gamble online,bitcoin would be for you,because u can leave your $$ in bitcoin in the hopes it goes up

bitcoin "jesus" is actually an old mustang 5.O owner from here in the bay area,he bought in early before the price went high and made millions in doing so
 

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Posted by Martinna (Member # 12493) on :
 
Bitcoin is not only traceable, but is actively traced by many governments. Every transaction is public. This is why https://z.cash was launched. Z.Cash offers privacy and extra security over bitcoin, just like cold hard cash does over credit cards.

coinbase colludes with the government. coinbase gave up info on their user to catch the alleged owner of Kick Ass Torrents.

foxbody, who is this bitcoin jesus? Jump on https://z.cash as soon as you can. There is a lot of buzz around it. Top cryptographers in the world support and work on it. It is going to get very popular in the future and surpass bitcoin. Buy into it cheap while you can and enjoy the extra privacy and security it gives you.
 

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Posted by Martinna (Member # 12493) on :
 
Any other crypto currency users here? Bumping this thread back up. Since my last post, Z.Cash has continued to grow in popularity. Coinbase got screwed over big time by the same government it colluded with off and on for years. They're being forced to hand over all of their customers entire transaction records from 2013 to 2015. Not because of any specific crime. The IRS just wants to search through it to find out who owes them taxes. If you're getting started with crypto currency, do it the right way with z.cash. Secure and anonymous. Bitcoin is not anonymous at all. It was designed not to be. Z.cash was.
 

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Posted by Martinna (Member # 12493) on :
 
Anyone been keeping up with Bitcoin now that it's all over the news? https://z.cash has continued to do well. You would have multiplied your money if you would have invested in it when this post was originally made. Bitcoin is a bubble for beginners.
 

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Posted by Martinna (Member # 12493) on :
 
If you folks would have bought z.cash in the months after I first made the suggestion in the end of 2016, it was about $40 a coin. Now it's about $700 a coin. You would have gotten $17 back for every $1 invested. z.cash is like real cash, anonymous. Bitcoin is not private, everyone can see how you spent your bit coins. No one but the buyer and seller can see how you spent your z.cash.
 

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Posted by Martinna (Member # 12493) on :
 
It just came out the NSA tracks Bitcoin users. Big brother is scared of crypto currencies. Another reason to use https://z.cash Zcash is encrypted and its transactions can't tracked like real cash.

The NSA secretly tracks bitcoin users and stores all bitcoin transactions. Too keep you safe of course . Of course.

[ 2018-03-23, 02:34 AM: Message edited by: Martinna ]
 

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Posted by Martinna (Member # 12493) on :
 

quote:

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Originally posted by foxbody:

bitcoin is still traceable when it is attached to any bank account

the best way to use bitcoin is get a coinbase account,then transfer winnings in bitcoin to your coinbase account

then sell the bitcoin back to coinbase

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