Silk Road forums
Discussion => Security => Topic started by: jalla on July 19, 2011, 02:01 pm
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can anyone tell me how to change bit coins into real money anonymously?
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Use liberty reserve - it's the easiest. First run your coins through a tumbler, then mtgox or use another exchange to transfer out to liberty reserve (USD) or Pecunix (gold-backed). Both are anonymous. You can get international Visa, MasterCard, Maestro cards that can be transferred to from pecunix and LR, and just pull the cash out of a debit machine or use the money for whatever.
This way the tax parasites don't know it even exists unless they walk into your house and say 'hey............. where'd you get ______'. But of course everything else about you is upstanding and squeaky clean so you wouldn't have a tax parasite in your house, right?
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Use liberty reserve - it's the easiest. First run your coins through a tumbler, then mtgox or use another exchange to transfer out to liberty reserve (USD) or Pecunix (gold-backed). Both are anonymous. You can get international Visa, MasterCard, Maestro cards that can be transferred to from pecunix and LR, and just pull the cash out of a debit machine or use the money for whatever.
This way the tax parasites don't know it even exists unless they walk into your house and say 'hey............. where'd you get ______'. But of course everything else about you is upstanding and squeaky clean so you wouldn't have a tax parasite in your house, right?
Beats working for a minimum wage where it's getting raped by taxes. No taxes? I'll take it.
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or...advertise your bitcoin on gumtree or craiglist,if you live in a major city im sure they will go quickly....just spam.lol...
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How many are you trying to part with ?
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message some of the vendors on here who are selling $ or £ for bitcoin. Obviously do this from a buyer account and not the one
you sell on! If you have a lot to exchange, set up some kind of deal, a certain amount per week, in maybe a few envelopes, you
should get it alot cheaper then paying BTC - LR - Debit card (looking at 10% from btc to lr, then another 10% to debit card, and
the card costs around 50$, and a 3-10$ fee for cash withdrawal)
It depends how much you are wanting to exchange and how you interpret the anonymity of each service
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message some of the vendors on here who are selling $ or £ for bitcoin. Obviously do this from a buyer account and not the one
you sell on! If you have a lot to exchange, set up some kind of deal, a certain amount per week, in maybe a few envelopes, you
should get it alot cheaper then paying BTC - LR - Debit card (looking at 10% from btc to lr, then another 10% to debit card, and
the card costs around 50$, and a 3-10$ fee for cash withdrawal)
It depends how much you are wanting to exchange and how you interpret the anonymity of each service
would be nice if ALL the sellers sold there bitcoins to us for cash in the mail.signed for...
but the sellers would have to sell there bitcoins under different accounts obviously...and the buyer would have to buy the bitcoins under a different account to for added protection.no one will know who is who
EDIT:or maybe thats a stupid idea.lol
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Use liberty reserve - it's the easiest. First run your coins through a tumbler, then mtgox or use another exchange to transfer out to liberty reserve (USD) or Pecunix (gold-backed). Both are anonymous. You can get international Visa, MasterCard, Maestro cards that can be transferred to from pecunix and LR, and just pull the cash out of a debit machine or use the money for whatever.
This way the tax parasites don't know it even exists unless they walk into your house and say 'hey............. where'd you get ______'. But of course everything else about you is upstanding and squeaky clean so you wouldn't have a tax parasite in your house, right?
can u please tell me where/how to get the mentioned international visa/master cards ?
thx
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message some of the vendors on here who are selling $ or £ for bitcoin. Obviously do this from a buyer account and not the one
you sell on! If you have a lot to exchange, set up some kind of deal, a certain amount per week, in maybe a few envelopes, you
should get it alot cheaper then paying BTC - LR - Debit card (looking at 10% from btc to lr, then another 10% to debit card, and
the card costs around 50$, and a 3-10$ fee for cash withdrawal)
It depends how much you are wanting to exchange and how you interpret the anonymity of each service
Holy, man. Whatever you are using for exchange you need to find something else because those fees are the most outrageous I have seen for btc-to-anything. I pay 0.5% tumble, 0.3%-1% btc-LR, 1% LR to credit card, where POS transactions carry zero fee and atm withdrawal is $2.50 (and you can pull up to 2500 in a day, just depends on the machine's maximum transaction amount. A lot of them are 400 - 600 so you are still looking at between .65% - .5% there too).
All in all it costs me less than 5% to completely wash my money, which is way less than an actual launderer would charge you...
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Can you recommend a tumbling service?
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http://bitlaundry.appspot.com/
Make sure you follow the instructions exactly, and write down the number of BTC required BEFORE you click confirm (for whatever reason this doesn't show up on the final page). If you don't follow them to the letter your BTC are gone in the wind.
But other than that this one is the best as far as volume of transactions and options are concerned.
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Many other threads with this same info and more. Just fyi.
Use 20-30 mybitcoin wallets (create new ones regularly) and make daily payments to yourself in random amounts at random times. After 4-5 transactions it is safe to use those coins. I then do the following...
Exchange -> LR -> Visa
OR
Btc2CC
OR
Exchange for Buy.com giftcard and buy a Visa Gift Card there
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I've heard people using the bitcoin wallet (web based) have been ripped off. Thats the main problem with doing it that way... Now, if you have 3 or 4 computers and put tor on each of them and use the computer wallet, that is the way i would go...
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I've never lost any funds through MyBitcoin.com (xqzfakpeuvrobvpj.onion) not speaking for others but I have trusted them and they have instant account to account transfers so you are never waiting and hoping.
any EU based eWallets out there that are trustworthy? would love to find an alternative
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I've heard people using the bitcoin wallet (web based) have been ripped off. Thats the main problem with doing it that way... Now, if you have 3 or 4 computers and put tor on each of them and use the computer wallet, that is the way i would go...
I've heard the same thing. So, I read a LOT of threads on the BTC forums and, the best I can deduce, it's because people were using the same password at a number of BTC related sites and the sites got hacked (like Mt. Gox). I think it's very important that people understand they need to use UNIQUE PASSWORDS at every site, like: SR, SR Forums, OVDB, Mt Gox, TradeHill, any bitcoin pools, safe-mail.net, Hushmail, lavabit, etc. and even at Gmail or Yahoo where you might be using your same board name.
Which makes making a strong password worth mentioning: a good brute force hack can take out a password of "sallysmashmike" pretty easily. If you add two *blank spaces* the article I saw (sorry, I didn't keep the link) said it would take the fastest supercomputer 8 YEARS to break it, as in: sally smash mike. Something very valuable to know! Even places like Gmail let you use blank spaces in passwords nowadays. :D
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Can you guys that do the LR -> Visa thing elaborate on how you do that? I've never heard of such a thing and don't even know how to go about researching it. But it sounds awesome.
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@joeblow2 get keepassX (linux) or keepass2 (win)
also a mac version, google it
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message some of the vendors on here who are selling $ or £ for bitcoin. Obviously do this from a buyer account and not the one
you sell on! If you have a lot to exchange, set up some kind of deal, a certain amount per week, in maybe a few envelopes, you
should get it alot cheaper then paying BTC - LR - Debit card (looking at 10% from btc to lr, then another 10% to debit card, and
the card costs around 50$, and a 3-10$ fee for cash withdrawal)
It depends how much you are wanting to exchange and how you interpret the anonymity of each service
Holy, man. Whatever you are using for exchange you need to find something else because those fees are the most outrageous I have seen for btc-to-anything. I pay 0.5% tumble, 0.3%-1% btc-LR, 1% LR to credit card, where POS transactions carry zero fee and atm withdrawal is $2.50 (and you can pull up to 2500 in a day, just depends on the machine's maximum transaction amount. A lot of them are 400 - 600 so you are still looking at between .65% - .5% there too).
All in all it costs me less than 5% to completely wash my money, which is way less than an actual launderer would charge you...
Hey just a couple of questions,
how do you use Tor with LR? LR is blocking me from accessing it through Tor...
Where did you find this credit/debit card service? I havent found many but eCardones fees are higher than that, so are bitcoinmorpheus fees.