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Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners

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Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners

#41
post #38

Earlier quoted context omitted.

i think PII is publicly identifying information (a public identity)?

I dislike abbreviations for this exact reason. Both your and the above responses are different. Clearly it's not well known abbreviation.

sorry, i probably shouldn't have replied. difficult to know whether the context is "quickly help me understand what this means" or "give me a precise answer", but for the web, with a technical audience, i should lean more towards the latter...

Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners

#43
post #13

Earlier quoted context omitted.

As with many groups, there are factions within the US.gov some that like BTC and some that hate it. The FBI, law enforcement groups, and the Intelligence Community like it; BTC leaves trails and localizes evidence of guilt in some significant ways that make their job easier. They probably don't like BTC mixing services all that much, but that just means that they are at a slightly higher priority for monitoring and t…

linking BTC addresses to PII? what does this mean?

PII == Personally Identifying Information

Sorry, I sometimes make assumptions that many if not most of the people here have had at least some exposure to the language used in data security policies.

Re: Dwolla Begins PayPal-Style Account Suspensions for Bitcoiners

#44
post #16

Earlier quoted context omitted.

Most currencies are also used to store wealth and invest. Bitcoin can be, and is, used like that, but I think that use of it is foolish. I see "bitcoin" as a currency not too unlike I see "paypal" as a currency. That is, not particularly.

> but I think that use of it is foolish. Why foolish? Risky, but not necessarily foolish. The bitcoin exchange rate has been going up all the time. Even with simple strategies such as dollar-cost averaging you would probably have done pretty well within the last couple of years.

I think its foolish because your investment is based on something that you have no control over, nor any ability to rationally judge risk. The US government could collapse the value of bitcoin in an instant by declaring it illegal. It's probably only a matter of time until they do this actually. Unless you have a good reason to think this won't be for another X years, investing is a bad bet.
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