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Ok I got circle pay now what bitcoins wallet?
- Thread starter Juggy85
- Start date
Usmc88
Member
Bump
Once you have circle app, you can add a credit card or bank account number. Then you can click the add funds button and buy coin which will be transferred directly onto your circle account. It limits you at first to about $300 per week however, this will increase eventually. My limit is currently at $3k per week.
Now, can you buy your products from the source using circle? Yes.
However, I recommend creating additional wallets. Electrum is pretty user friendly once it's setup. There are others. When setting up the other wallets, unlike your circle account, you will want to try and distance yourself from these wallets. Making it so that you really don't have much of your real identity exposed. Ideally, you'll want a wallet that has no personal info of yours attached to it at all.
When the time comes to buy "special items" you can start with buying funds on circle and sending them to yourself at a different wallet. Once the funds are received, send to the next wallet and so on depending on how you want your system setup and how complex you want it to be. The way I have mine setup is pretty basic actually.
Tor browser plus a VPN are going to be a necessity as well. Have encrypted email and or throwaway emails to manage setting up the wallet accounts.
In the end, I don't know that 100% anonymity exists... but the idea is to become as anonymous as possible. Hope this helps.
Now, can you buy your products from the source using circle? Yes.
However, I recommend creating additional wallets. Electrum is pretty user friendly once it's setup. There are others. When setting up the other wallets, unlike your circle account, you will want to try and distance yourself from these wallets. Making it so that you really don't have much of your real identity exposed. Ideally, you'll want a wallet that has no personal info of yours attached to it at all.
When the time comes to buy "special items" you can start with buying funds on circle and sending them to yourself at a different wallet. Once the funds are received, send to the next wallet and so on depending on how you want your system setup and how complex you want it to be. The way I have mine setup is pretty basic actually.
Tor browser plus a VPN are going to be a necessity as well. Have encrypted email and or throwaway emails to manage setting up the wallet accounts.
In the end, I don't know that 100% anonymity exists... but the idea is to become as anonymous as possible. Hope this helps.
Usmc88
Member
Thanks, that sounds fairly easy. Now, is all of that pretty mobile friendly? All my stuff will be done on android tablet.
You can set things up for a tablet, sure.
Download the Tor browser first. Then start working on everything else. I use a PC with all my stuff but I'm setup to do some things straight from my mobile. Depends on what I'm buying. I'm less cautious buying ancillaries but probably should be more careful regardless.
Evilest-ninja
New Member
I did it on my phone, pretty easy once you get the hang of it. I think the wallet I used is just called bitcoin wallet lol.
Bitcoin is the actual currency. Circle is the wallet. Obviously other wallets out there.
circle to block chain wallet on tor network the to samourai wallet mix coins send.
Bitcoin is not 100 anonymous very small amounts will pass through the radar. Bitcoin is becoming 100% legit business are using it a judge just ruled it currency. this is a good thing bitcoin is not just about being anon but currency controlled by the people not the goverment
Bitcoin is not 100 anonymous very small amounts will pass through the radar. Bitcoin is becoming 100% legit business are using it a judge just ruled it currency. this is a good thing bitcoin is not just about being anon but currency controlled by the people not the goverment
Cyrix
Member
The judge ruled it a commodity and not a currency... That is why transactions in btc are not taxed. Turning btc into dollars however would be.
Bitcoin Is Real Money, Judge Rules in J.P. Morgan Hac
SEPTEMBER 20, 2016, 7:44 AM EDT
Coin.mx was run as unlicensed bitcoin exchange, prosecutors say.
Bitcoin qualifies as money, a federal judge ruled Monday, in a decision linked to a criminal case over hacking attacks against http://fortune.com/fortune500/jpmorgan-chase-23/ Chase and other companies.
U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges related to his alleged operation of Coin.mx, which prosecutors have called an unlicensed bitcoin exchange.
Murgio had argued that bitcoin did not qualify as “funds” under the federal law prohibiting the operation of unlicensed money transmitting businesses.
But the judge, like her colleague Jed Rakoff in an unrelated 2014 case, said the virtual currency met that definition.
“Bitcoins are funds within the plain meaning of that term,” Nathan wrote. “Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment.”
The decision did not address six other criminal counts that Murgio faces, Nathan wrote.
Brian Klein, a lawyer for Murgio, said he disagreed with the decision.
“Anthony Murgio maintains his innocence and looks forward to clearing his name at his upcoming trial,” he added.
Prosecutors last year charged Murgio over the operation of Coin.mx, and in April charged his father, Michael, with participating in bribery aimed at supporting it.
Get Data Sheet, Fortune’s technology newsletter.
Authorities have said Coin.mx was owned by Gery Shalon, an Israeli man who, along with two others, was charged with running a sprawling computer hacking and fraud scheme targeting a dozen companies, including J.P. Morgan http://fortune.com/fortune500/jpmorgan-chase-23/ 0.79% , and exposing personal data of more than 100 million people.
That alleged scheme generated hundreds of millions of dollars of profit through pumping up stock prices, online casinos, money laundering, and other illegal activity, prosecutors have said.
Shalon has pleaded not guilty, and is being held at the Metropolitan Correctional Center in Manhattan. He hired new lawyers last month and is seeking permission to replace lawyers who joined the case in June, a Monday court filing showed.
The case is U.S. v. Murgio et. al., U.S. District Court, Southern District of New York, No. 15-cr-00769
Bitcoin Is Real Money, Judge Rules in J.P. Morgan Hack
SEPTEMBER 20, 2016, 7:44 AM EDT
Coin.mx was run as unlicensed bitcoin exchange, prosecutors say.
Bitcoin qualifies as money, a federal judge ruled Monday, in a decision linked to a criminal case over hacking attacks against http://fortune.com/fortune500/jpmorgan-chase-23/ Chase and other companies.
U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges related to his alleged operation of Coin.mx, which prosecutors have called an unlicensed bitcoin exchange.
Murgio had argued that bitcoin did not qualify as “funds” under the federal law prohibiting the operation of unlicensed money transmitting businesses.
But the judge, like her colleague Jed Rakoff in an unrelated 2014 case, said the virtual currency met that definition.
“Bitcoins are funds within the plain meaning of that term,” Nathan wrote. “Bitcoins can be accepted as a payment for goods and services or bought directly from an exchange with a bank account. They therefore function as pecuniary resources and are used as a medium of exchange and a means of payment.”
The decision did not address six other criminal counts that Murgio faces, Nathan wrote.
Brian Klein, a lawyer for Murgio, said he disagreed with the decision.
“Anthony Murgio maintains his innocence and looks forward to clearing his name at his upcoming trial,” he added.
Prosecutors last year charged Murgio over the operation of Coin.mx, and in April charged his father, Michael, with participating in bribery aimed at supporting it.
Get Data Sheet, Fortune’s technology newsletter.
Authorities have said Coin.mx was owned by Gery Shalon, an Israeli man who, along with two others, was charged with running a sprawling computer hacking and fraud scheme targeting a dozen companies, including J.P. Morgan http://fortune.com/fortune500/jpmorgan-chase-23/ 0.79% , and exposing personal data of more than 100 million people.
That alleged scheme generated hundreds of millions of dollars of profit through pumping up stock prices, online casinos, money laundering, and other illegal activity, prosecutors have said.
Shalon has pleaded not guilty, and is being held at the Metropolitan Correctional Center in Manhattan. He hired new lawyers last month and is seeking permission to replace lawyers who joined the case in June, a Monday court filing showed.
The case is U.S. v. Murgio et. al., U.S. District Court, Southern District of New York, No. 15-cr-00769
Bitcoin Is Real Money, Judge Rules in J.P. Morgan Hack
I run a btc news site so I am pretty up to date on the btc scene
Cyrix
Member
I must've missed that one. This is going to go back and forth in court for a while still I suspect.
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@pumpingiron22 Im trying to pm you but it's not letting me. I have some questions if you wouldn't mind helping me with. Sorry @Juggy85 not meant to high jack your thread. just trying to gather as much information as possible and it's somewhat scattered throughout meso.
Ed Plucker
New Member
Yeah I would use a bitcoin wallet on ur local PC. And make sure u back up ur key files. If u lose those ur money is gone. I use MultiBit HD on my Mac and it does the job. As soon as I buy BTC on circle or coinbase I transfer them to my PC.
BTC uses the RSA algorithm which basically takes 2 very large prime numbers (like 1024 digits long) and multiplies them together. U then can create a public key which u distribute to others. RSA encryption is pretty simple. U basically take 2 large prime numbers and multiply them together to create a large composite number. The algorithm scrambles ur message to garbage and u need both the private and public key to decrypt the message. What BTC does is that u have miners who create blocks that it links to a public blockchain so every transaction is linked to every other one. And its like having a Swiss bank account with only a hexadecimal number to identify u. The miners run hashing algorithms on your message to find the two primes. A computer can find the primes if it can generate billions of hashes per second. Eventually u will find the right hash value to your p and q values (ur primes) as hashing is a one way function and if it matches the stored hash value u can decrypt the message. The issue is how to generate the prime numbers. This is done with a pseudo-random number generator to give u a random number that passes the prime test. U typically use RSA to distribute the keys for a symmetric crypto system that actually encrypts the message since RSA is very slow. RSA is considered an asymmetric cryto system because the private and public keys are not the same though they r related.
Vain
New Member
Okay I'm really trying to grasp this to start my first cycle, but then you said BANK or CREDIT CARD account. In my head anonymous just went out the window. I don't get it.
You could avoid that if you wanted to... I personally try and make my circle account look legitimate. I buy legitimate things from there. I do buy RC items sometimes which may be on a fine line... I then try to distance myself from the coin as much as possible after I send it.
You don't have to do it this way, it's just how I do it. If I made larger purchases I might do it differently.
Ed Plucker
New Member
Yeah that's why u don't fuck with coinbase or circle. They take the anonymity out of the game. They entirely miss the fucking point and I hate them. I buy my BTC from localbitcoins.com or paxful.com. Its anonymous but u have to pay more than the market rate for BTC but worth it IMO
Professor Karman
Member
IMO Feds aren't going to be caring about buyers 99.9% of the time and if they are that intent on getting you an "anonymous" site won't be stopping them. After going through all this to purchase BTC I hope you are not giving your source(s) your name and/or address...
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