Silk Road forums
Discussion => Security => Topic started by: msween27 on February 26, 2012, 07:41 am
-
Is anyone using DWOLLA INSTANT? Is it a security risk? Tired of waiting 2-5 days for transactions to clear but don't want them looking any closer into my account. Maybe I'm just being paranoid?
-
Bump, I feel the same way. Gonna err on the side of caution though because to enable this they want your SS# and they do a credit check..forget that.
-
What about using bitinstant.com, you dont need ID, just goto bank with cash ?
-
If my printer was working ATM that's exactly what I would do. Can't print out a goddam invoice lol.
-
If my printer was working ATM that's exactly what I would do. Can't print out a goddam invoice lol.
The invoice isn't really nessarcy its the account number and name, you could technically write it down. Best of luck.
-
Dwolla now makes you prove who you are to "combat money laundering". If you are trying not to leave a financial trail - DON'T DO THIS.
-
Dwolla now makes you prove who you are to "combat money laundering". If you are trying not to leave a financial trail - DON'T DO THIS.
It seems to me that they are all moving to this requirement. Mt.Gox also requires Id. CryptoXchange, I have heard, requires ID after five transactions. All based on the "combat money laundering" bullshit. Hell, I transferred fifty bucks into Mt.Gox just to make sure I knew how it worked. They then told me that they required ID and proof of residency before any transaction to prevent money laundering. Fifty Bucks? Yeah, I'm laundering money. What a crock of shit.
Best to make sure that you use a mixer between transactions.
I also think that you'll find that Dwolla Instant is not yet implemented.
-
I use mtgox and haven't provided ID. And Dwolla already has your bank account info, which you had to set up with a SSN. If you don't have legit fake ID then that bank account is tied to you already. Buying bitcoins is not illegal. Once you send your btc out of mtgox what do they care? It's out of their hands by then. I'm sure if you're running 10k+ through there a month they may wonder but always have an explanation. Speculating on bitcoins, etc. One of your buddies just got into bitcoins and didn't want to set up an account. You buy them and then send them to his wallet and he pays you cash.
No profit, no IRS right? (I could definitely be wrong about this, it's a questions)
-
I use mtgox and haven't provided ID. And Dwolla already has your bank account info, which you had to set up with a SSN. If you don't have legit fake ID then that bank account is tied to you already. Buying bitcoins is not illegal. Once you send your btc out of mtgox what do they care? It's out of their hands by then. I'm sure if you're running 10k+ through there a month they may wonder but always have an explanation. Speculating on bitcoins, etc. One of your buddies just got into bitcoins and didn't want to set up an account. You buy them and then send them to his wallet and he pays you cash.
No profit, no IRS right? (I could definitely be wrong about this, it's a questions)
Mt.Gox has made it well known that they are more than willing to help authorities with any illegal activities within their transactions.
If your using Mt.Gox I would definitely be using a Mixer.
-
Of course they have, and any legit company would. Again, buying bitcoins is not illegal. What are they going to turn you in for? Sending your bitcoins to an SR wallet is also not illegal. There are books and music instruments and everything else here. Now, if you're not using a mixer and you get busted for something else and they use that as evidence well that could be a problem but you'd have to be busted for something else because everything through mt gox is kosher.
-
Of course they have, and any legit company would. Again, buying bitcoins is not illegal. What are they going to turn you in for? Sending your bitcoins to an SR wallet is also not illegal. There are books and music instruments and everything else here. Now, if you're not using a mixer and you get busted for something else and they use that as evidence well that could be a problem but you'd have to be busted for something else because everything through mt gox is kosher.
From the articles I've read its a little more than just assisting when required. They appear to be more pro active because they want Bitcoins to have good reputation, blah, blah, blah. I think that the best solution is to use an exchange that is not located in your country. It would, at least, make it more difficult for LE to get warrants and any other legal bullshit that they require. Nothing wrong with making it more difficult for LE.
Buying bitcoins is not illegal but, buying 99 percent of the items on SL are in most country's. It's not the buyer's that really have to worry about their Bitcoins being tracked, it's the Vendors.
-
to me fishy.. i got a one credit well not a one but decent credit and i got denied, did it with my ol ladies and she got denied and for her to get denied is unheard of... not sure what they do with the ssn u have to provide in order to get instant.. but from two credit reports that both are above average..
-
Just got an E-mail finally offering me an application for DWOLLA INSTANT, they just want too much info. Just gonna wait the five days it takes to transfer