Silk Road forums

Discussion => Security => Topic started by: NeutronMan on July 16, 2012, 02:15 am

Title: Is BTC to money pak better than Mt Gox > Dwolla>bank account?
Post by: NeutronMan on July 16, 2012, 02:15 am
I'm having a hard time figuring out how I'd be better off, if gettng a MP from a SE vendor for my bitcoins, which is getting expensive, or going back to the old Mt Gox > Dwolla > bank account thing which is a lot cheaper but not anonymous. I have a feeling about what most of you will say, but I have to try to maximize my earnings as they're meager to begin with.

NeutronMan
Title: Re: Is BTC to money pak better than Mt Gox > Dwolla>bank account?
Post by: Marceline on July 16, 2012, 03:25 am
You don't just have to worry about anonymity because of law enforcement but also because of tax people. They will want to know where you're getting the money that's in your bank and also why you keep withdrawing relatively large chunks assuming you're using that money to re-up.
Title: Re: Is BTC to money pak better than Mt Gox > Dwolla>bank account?
Post by: NeutronMan on July 16, 2012, 12:27 pm
depends how you're cashing out your mps
prepaid card.

NeutronMan
Title: Re: Is BTC to money pak better than Mt Gox > Dwolla>bank account?
Post by: vlad1m1r on July 16, 2012, 10:08 pm
I'm having a hard time figuring out how I'd be better off, if gettng a MP from a SE vendor for my bitcoins, which is getting expensive, or going back to the old Mt Gox > Dwolla > bank account thing which is a lot cheaper but not anonymous. I have a feeling about what most of you will say, but I have to try to maximize my earnings as they're meager to begin with.

NeutronMan

Please see http://dkn255hz262ypmii.onion/index.php?topic=25163.0

V.
Title: Re: Is BTC to money pak better than Mt Gox > Dwolla>bank account?
Post by: Boris Badenov on July 16, 2012, 10:21 pm
I'm having a hard time figuring out how I'd be better off, if gettng a MP from a SE vendor for my bitcoins, which is getting expensive, or going back to the old Mt Gox > Dwolla > bank account thing which is a lot cheaper but not anonymous. I have a feeling about what most of you will say, but I have to try to maximize my earnings as they're meager to begin with.

NeutronMan

Please see http://dkn255hz262ypmii.onion/index.php?topic=25163.0

V.
V., I think he's talking about withdrawing money out of SR, not buying bitcoins.

BB