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Title: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: World on December 18, 2012, 08:50:12 PM http://finance.fortune.cnn.com/2012/12/18/bitcoin-money-laundering/ (http://finance.fortune.cnn.com/2012/12/18/bitcoin-money-laundering/)
Quote The catalyst for change could come out of places like Iran where crippling sanctions have made their currency collapse in value. If enough "legitimate" users in Iran start to use the system, then the Bitcoin genie could forever be out of the bottle, threatening not only just bank profits, but also the monetary authority of sovereign nations. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 18, 2012, 08:56:03 PM Brace for impact...
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: paraipan on December 18, 2012, 09:00:32 PM Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: davout on December 18, 2012, 09:13:43 PM Quote While this doesn't make Bit-Coin Central a bank (as it cannot invest the Bitcoins it holds) Fucking priceless :)Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: hazek on December 18, 2012, 09:22:00 PM Well the corporate media propaganda machine had to do something.. there was way too much positive news about Bitcoin lately ::) They can't allow the general population to get any crazy ideas like being completely in charge of one's money now can they.. :D
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 18, 2012, 09:22:26 PM Quote HSBC and Standard Chartered may have gotten out of the money laundering and sanction-skirting game just in time. Bitcoin, a virtual online "currency," seems to be gaining traction and legitimacy among those who need to transfer or launder their cash outside of the prying eyes of regulators. "Just in time"? It's got nothing to do with time. The reasons those people got away with a crime is because they have power. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 18, 2012, 09:25:15 PM Quote Passing money and making transactions outside of normal pay channels has serious repercussions for the financial industry. Translation from propagandese to What-They-Really-Meanese "People peacefully cooperating without seeking approval from authorities are dangerous and evil." Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 18, 2012, 09:26:50 PM Quote Indeed, authorities in the US and Europe are already concerned that Bitcoins could soon grow in value and become a major problem. Translation: "We can't have people competing with us. That's a 'problem' and we here in the Old Boys' club will surely deal with it swiftly." I fully understand why Satoshi chose to remain anonymous. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: wtfvanity on December 18, 2012, 09:31:31 PM Quote Bitcoins are backed up by, well, nothing, Comment in the post and comment about the post have me laughing. Bitcoins are backed by nothing. What are the dollar bills in my pocket backed by again? That are constantly losing value when they print more? I'm confused. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: nebulus on December 18, 2012, 09:32:31 PM Actually, the genie is already out of the bottle.
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 18, 2012, 09:34:20 PM Actually, the genie is already out of the bottle. Never underestimate the willingness of sociopathic lackeys willing to put you in a cage for doing something against their bosses' orders. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: evoorhees on December 18, 2012, 09:57:28 PM Well the corporate media propaganda machine had to do something.. there was way too much positive news about Bitcoin lately ::) They can't allow the general population to get any crazy ideas like being completely in charge of one's money now can they.. :D Never attribute to malice that which is adequately explained by stupidity. - Hanlon's Razor ;) Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 18, 2012, 10:15:12 PM "you'll find that Bitcoin users range from the common Iranian on the street, who is worried about inflation, to hit men and drug dealers" Wow, really objective. Classifying the "normal" bitcoin user as an Iranian, for whom the average american probably has oodles of sympathy (I am not saying I don't like Iranian people, just that that this isn't the median bitcoin user, whereas the average american would probably be much more sympathetic towards an average (and american) bitcoin user). In NLP, this is called a "frame". They're framing Bitcoin users as the demonized people of society, so as to generate popular hate for Bitcoin users. This makes it easier for the rulers to later invent or lobby for rules and punishments prohibiting or sabotaging Bitcoin and its users. If Bitcoin was a country rather than a currency, what they are doing here would be very well described as "beating the drums of war". Now, I'm not suggesting any conspiracy here. People unconsciously do this very thing all the time. From a systems thinker point of view, all the people who worked together to produce this slanderous hit piece, are indeed collaborating (consciously or not) to produce a piece of work that is emergent, but looks like a concerted conspiracy. Still, I can't quite shake the thought that evil is at play here. What are we to call a person who allows or induces people to lie and defame a good (or, at least, neutral) project and its group of users, if not evil? How taboo has the use of the word evil become, that not even Hitler gets called evil these days? Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Dalkore on December 18, 2012, 11:10:51 PM Quote Passing money and making transactions outside of normal pay channels has serious repercussions for the financial industry. Translation from propagandese to What-They-Really-Meanese "People peacefully cooperating without seeking approval from authorities are dangerous and evil." I actually agree 100% with this statement. You hit the nail directly here. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: oOoOo on December 19, 2012, 01:29:17 AM Are we already entering the - "3. They attack you!" - phase??
. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Rudd-O on December 19, 2012, 01:31:55 AM Are we already entering the - "3. They attack you!" - phase?? . In a few months, the attack will unfold. They will write more of their holy papers that everyone considers sacred, prohibiting various forms of Bitcoin usage, and they will find a few scapegoats to throw in a cage, to scare the rest of the cattle. You just wait. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: kiba on December 19, 2012, 02:35:32 AM Are we already entering the - "3. They attack you!" - phase?? . In a few months, the attack will unfold. They will write more of their holy papers that everyone considers sacred, prohibiting various forms of Bitcoin usage, and they will find a few scapegoats to throw in a cage, to scare the rest of the cattle. You just wait. Maybe they're not evil, but are stupid. They sensationalize anything as bad as possible to drive pageviews after all. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: BkkCoins on December 19, 2012, 03:08:51 AM Quote HSBC and Standard Chartered may have gotten out of the money laundering and sanction-skirting game just in time. Bitcoin, a virtual online "currency," seems to be gaining traction and legitimacy among those who need to transfer or launder their cash outside of the prying eyes of regulators. "Just in time"? It's got nothing to do with time. The reasons those people got away with a crime is because they have power. Any sizeable money laundering thru Bitcoin would create huge demand and volatility as the market tried to deal with it. If there is anything going on now it's micro-peanuts compared to HSBC and buddies. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Phinnaeus Gage on December 19, 2012, 04:31:37 AM It's possible the author learned about Bitcoin while conducting research for the following article: http://finance.fortune.cnn.com/2012/10/16/romney-tax-plan/
In his Bitcoin article, he sites that FBI paper. Remember that paper? Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: genuise on December 19, 2012, 06:47:36 AM http://finance.fortune.cnn.com/2012/12/18/bitcoin-money-laundering/ (http://finance.fortune.cnn.com/2012/12/18/bitcoin-money-laundering/) Quote The catalyst for change could come out of places like Iran where crippling sanctions have made their currency collapse in value. If enough "legitimate" users in Iran start to use the system, then the Bitcoin genie could forever be out of the bottle, threatening not only just bank profits, but also the monetary authority of sovereign nations. How do you like that pasage about threatening the monetary authority of sovereign nations? An exelent example of double speak! When big gov threatens monetary authority of another soveriegn nation by sanctions it is just Ok! (ordinary people must suffer hard from inflation) But when Bitcoin does the same (protects ordinary people from any gov) it is bad :) Naked King Blindness does not have limits... Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Herodes on December 19, 2012, 07:08:06 AM That was quite the agressive, grim and negative article from CNN. I've been following Bitcoin a couple of years, and used it only for legitimate purposes, and find it quite interesting. I don't see the need for demonizing it in this way, unless of course (shock & horror) there is an agenda about it all.
Already the very start of the article looked like a joke to me: Quote The shady online currency is starting to gain legitimacy in certain parts of the world. When will the regulators catch up? Isn't the press supposed to be objective and not subjective ? The word 'shady' could've been left out here. Would the author after all call the us govt. for 'the shady us govt.' ? I'm sure alot of people think they're shady as f**k. Also adding the part about regulators seems to indicate that the only legit and right thing is to have regulators regulate. I'm not sure everyone agrees with this. We could also say the USD is shady, backed by nothing. We could say the CNN is shady, writing articles based on subjective opinions, and so on and so forth. Once an author starts putting in subjective opinions in an article (perhaps he was even instructed to), I start losing respect for that author. And so, he's talking about the dark web, hitmen and so on. Has he even been on this 'dark web' himself, or is he just reciting some other sensational piece about bitcoin ? Bitcoin is just like any technology, it can be used for good, and it can be used for bad. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Luno on December 19, 2012, 07:48:42 AM The article is somewhat balanced. Not overly fear spreading and clearly endorsing the strengths for mundane purposes. It looks like a write up on the latest Forbes Bitcoin articles.
Another thing: lately Bitcoin is no longer described as something that might disappear overnight, there is very little reticule in mainstream media now. The article describes Bitcoin as a threat to traditional banking and as a money laundering vehicle, but there is no finger pointing or or "singling out", which is per definition hard when you are dealing with an open source voluntary P2P currency. The article hints at Bitcoin as a target for regulatory intervention, however likewise, it also hints at Bitcoins survivability in such a scenario. Nice work CNN. And the last paragraph: To complicated for the every Joe of the mill = If you dig Bitcoin you are smarter than average. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: marcus_of_augustus on December 19, 2012, 08:10:18 AM Good. We now know which side of the fence CNN is on .... is about the only positive thing to come out of such an affront to intelligence.
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: hazek on December 19, 2012, 10:17:28 AM Good. We now know which side of the fence CNN is on .... is about the only positive thing to come out of such an affront to intelligence. Only now we know? You can't be serious. The corporate media propaganda machine always was and always will be serving the interest that owns it. Just go and see who pays their bills and you'll have your answer why they could never ever be a source for truth. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: elux on December 19, 2012, 11:55:22 AM Hilarious. The very first sentence had me laughing.
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Deafboy on December 19, 2012, 12:47:19 PM Quote ...it could even eventually be used by the government of Iran to buy and sell weapons and oil. Holy mother of god :o I thought that we are over this shit already.Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: davout on December 19, 2012, 12:48:11 PM Quote ...it could even eventually be used by the government of Iran to buy and sell weapons and oil. Holy mother of god :o I thought that we are over this shit already.that part is true IMO Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Deafboy on December 19, 2012, 12:51:50 PM Tell me where to buy oil for bitcoins, and I will put all my savings in BTC before thay skyrocket over $30 again. ;)
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Herodes on December 19, 2012, 01:15:31 PM Tell me where to buy oil for bitcoins, and I will put all my savings in BTC before thay skyrocket over $30 again. ;) If some 'rogue' state finds out that bitcoin is something the us govt. doesn't like, they may as well support it, just for the hell of it. :p Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: BkkCoins on December 19, 2012, 01:16:40 PM Tell me where to buy oil for bitcoins, and I will put all my savings in BTC before thay skyrocket over $30 again. ;) Hmm. Let's see. Iran announces it will sell oil for BTC, and accumulates BTC. It then tells it's citizens it will buy Rial for BTC. Citizens trade in their useless stacks of Rial and can send BTC out of the country to fund students costs, or save in foreign banks, in US$. Or keep the BTC since their value would be backed by Iranian oil.Doesn't seem too likely but the demand created for Rial would cause it to rebound until it is near par with US$, since the govt would in essence be buying them for US$. I think the govt would have a fair bit of flexibility for using oil to prop up the Rial. Who knows. But it would be giving the finger to the USA and high officials could pre-buy BTC to take advantage of the resulting price surge. Of course, any play like that would have unknown consequences for BTC and really put it to the test as far as censorship. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: davout on December 19, 2012, 01:25:21 PM Tell me where to buy oil for bitcoins, and I will put all my savings in BTC before thay skyrocket over $30 again. ;) Quote ...it could even eventually be used by the government of Iran to buy and sell weapons and oil. Nuff said. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: DoomDumas on December 20, 2012, 02:13:15 AM Quote Quote But HSBC (HBC) and Standard Chartered are hardly alone in grabbing a piece of the financial underworld. Nearly every major financial institution from Credit Suisse (CS) to UBS (UBS) to JPMorgan (JPM) have been fined at some point for facilitating questionable transactions for governments or individuals they knew they shouldn't be dealing with. It is understandable why the banks participated in such business – it is extremely profitable. Priceless, Those banks get cought and fine to have facilitated questionnable transactions for govt or individuals, they knew that it was'nt legal, paid a small fee compared to their profit, why would they stop ? It is extremely profitalbe.. but it's ok, scince they pay the small fee.. Like any corp who would prefer to pollute, knowing that the "fee" is much smaller than the cost of not poluting.. but it's ok.. Like many said, this article is quite an insult to the intelligence of the reader, but unfortunatly, most of their reader take it for cash, because of the sacrosanct nature of the source ! Most reader/listener of CNN are just sleeping sheep ! It may be the begining of the attack against bitcoin, as some power begins to realize that bitcoin gives power to peoples, and they can't do anything against it.. first, the mass media will demonize bitcoin for the point of view of the mass (sleeping couch sheep), then legislation against BTC will be welcomed for the majority of peoples, who source their truth from TVs.. :( Hope some awaken contry will adopt bitcoin to counter balance all this shit ! Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: DoomDumas on December 20, 2012, 02:24:06 AM Quote Indeed, authorities in the US and Europe are already concerned that Bitcoins could soon grow in value and become a major problem. Wake up, BTC are so much undervaluated !Legislators are so slow to act, BTC may worth 1000$ each before any laws conter is use/possession ;) Quote What we do know is that Bitcoins operate in some sort of legal grey area Because it's a currency backed by "nothing" ;) ;DQuote Indeed, part of the crash in BitCoin value last summer was due in part to a major heist at one of the major online exchanges by cyber bandits. A crash last summer ? Is it about this fast varation in the price, wich corrected quite fast, like a failed pump and dump from a scammer named Pi__40 ?https://i.imgur.com/JZN8P.png?1 Not a crash, just a scammer dump, over a few weeks period, it does'nt affect the BTC ratio to USD. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: World on December 20, 2012, 02:31:27 AM really nice comment from Alfred,I have to copy here:
Quote What a mess of FUD. Key points of the article are just wrong. 1. Bitcoin is not suitable for large-scale money laundering. All transactions are stored permanently in a distributed public ledger. If it is possible to identify some reciever and trace back recievements of payments, authors of illegal activities could be found. 2. The exchange rate has still some significant volatility, but it is clearly decreasing. If an online vendor receives bitcoins for payments and converts them on the spot, the exchange rate risk is very low for him. If you account for that risk and compare it to fees for credit card processing and the risk of charebacks, it is much cheaper. There are services which do automatic conversions for online services and merchants. And these are used by NGOs and companies like WordPress. 3. Much more interesting than for money laundering is bitcoin for money transfers of migrant workers. Bitcoins can bought in almost any mayor currency of the G8+5 countries. Via services like localbitcoin.com, they can be sold in virtually any place in the world. They are ideally suited for workers form developing countries to send modest amounts of money home, much cheaper than with Western Union and the like. 4. Bitcoins have been a risky but profitable investment in the past. The exchange rate is increasing in the long run, and there is no special reason why it should not continue to do. Now, as the rapid growth of exchange rates had some slowdown, it is still quite profitable (as well as still risky). Of course, there is the danger of new bubbles... but we've seen that in the long run, the value returns. 5. The article makes a key point in the assumption that bitcoin is used predominantly for illicit trade and fails completely at proving that. The well-informed reader will know that the percentage of the shadow and informal earnings at the GDP will be usually 7 % or much higher. A significant part of this is transacted in cash. The article does not bring any proof whether bitcoins is used more for that than conventional payment methods. 6. On giving up being defensive, I think there is a area in which decentral currencies like Bitcoin could bring significant improvements for mankind: They will make it more difficult to finance war. Traditionally, war has been financed by governments stealthily printing money and raising uncovered debts, undermining stability of national currencies in one or another form. Wars have been the main causes of mayor inflations, robbing many millions of people from their savings and the result of their life's work. 7. And I have a last objection: The article arrogates that money transfers by Iranian people are per se illegitimate. I beg to differ. While I am very far away from excusing or tolerating any tyrrany or arms-trafficking, I think that people in Iran have the right to eat something, to save something and to protect their property like any human being on earth. It would be an excess of hypocrisy to cry about the death of a beautiful young human like Neda Agha-Soltan, and to deny their fellow Iranians the right to eat something. Bitcoin originates from the culture of the internet, and that is a very different culture - we understand more and more that all of us are human beings, and all of us have the same right to live. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: payb.tc on December 20, 2012, 02:38:52 AM Bitcoins can bought in almost any mayor currency i'll give you 2.6 bloombergs per bitcoin. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: cbeast on December 20, 2012, 03:00:11 AM Tell me where to buy oil for bitcoins, and I will put all my savings in BTC before thay skyrocket over $30 again. ;) That will be presented at the next Bilderberg organizational meeting for the Illuminati SIG. All very hush hush, you understand.Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: mikegogulski on December 20, 2012, 06:14:33 AM Silly article mentions my bitlaundry site and they don't even bother trying to get a hold of me for a quote. This, sir, is an outrage!
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: odolvlobo on December 20, 2012, 07:56:04 AM Quote Indeed, part of the crash in BitCoin value last summer was due in part to a major heist at one of the major online exchanges by cyber bandits. A crash last summer ? Is it about this fast varation in the price, wich corrected quite fast, like a failed pump and dump from a scammer named Pi__40 ?https://i.imgur.com/JZN8P.png?1 Not a crash, just a scammer dump, over a few weeks period, it does'nt affect the BTC ratio to USD. Not that crash. This crash: https://i.imgur.com/vyy96.png Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Yankee (BitInstant) on December 20, 2012, 08:23:24 PM Here is me pretty much bashing the author on twitter https://twitter.com/csanati/status/281850206838996992
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Herodes on December 20, 2012, 08:29:14 PM Here is me pretty much bashing the author on twitter https://twitter.com/csanati/status/281850206838996992 Quote @CharlieShrem @sebicas Lies? I am not in the disinformation business. If I made a mistake, please be specific. I spent days researching I guess he was assigned the task by a supervisor which basically said: Hear, this bitcoin stuff, our owners don't like it, write some negative piece on it. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: julz on December 20, 2012, 08:29:57 PM This story also in the Chinese media: http://www.fortunechina.com/business/c/2012-12/20/content_134680_3.htm
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Yankee (BitInstant) on December 20, 2012, 08:30:22 PM Here is me pretty much bashing the author on twitter https://twitter.com/csanati/status/281850206838996992 Quote @CharlieShrem @sebicas Lies? I am not in the disinformation business. If I made a mistake, please be specific. I spent days researching I guess he was assigned the task by a supervisor which basically said: Hear, this bitcoin stuff, our owners don't like it, write some negative piece on it. Yeh! You should tweet that to him Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Herodes on December 20, 2012, 08:33:15 PM Here is me pretty much bashing the author on twitter https://twitter.com/csanati/status/281850206838996992 Quote @CharlieShrem @sebicas Lies? I am not in the disinformation business. If I made a mistake, please be specific. I spent days researching I guess he was assigned the task by a supervisor which basically said: Hear, this bitcoin stuff, our owners don't like it, write some negative piece on it. Yeh! You should tweet that to him I'm not on twitter, else I would. I noticed he stopped responding to the tweets. Will be interesting if he makes an answer later on. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Herodes on March 09, 2013, 12:59:07 PM 2013-03-09 Bitcointalk.org CNN looks primed for brain washing of the ignorant masses.
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Monster Tent on March 09, 2013, 01:10:48 PM The funny part is no bitcoin service has ever been charged with money laundering. If bitcoin was a company it could sue cnn for slander :P
Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Gabi on March 09, 2013, 01:23:55 PM But but but the iranian nuclear project!!!!!! :o :o :o bitcoin help them???? bad bad bad!!!!
(am i doing it right? :D) Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: mikegogulski on March 09, 2013, 02:37:08 PM Dear Mike, Hi there.I'm glad I was able to find you on this site. I've been having problems with your applications. Firstly, I made a 1 BTC transaction on your bitcoinlaundry.com site. The fees were deducted, but I was simply relayed the BTC with no hops for obfuscation. I don't mind making a donation to you on a 1 BTC transfer, but the site provided no utility. bitcoinlaundry.com is a *very* simple mixer. Your BTC in is one hop, other BTC out to the address you provide is a second hop. There are other mixer services that use multiple wallets, but mine don't as yet. Quote Secondly, I tried a 1.42 BTC transaction on your app.bitlaundry.com application. I sent it to two addresses, with one transaction per day, and a 1-day timeframe. Therefore, under your site's calculus, I should have incurred a fee of approximately (1.42 BTC*.0249)+2 outgoing transactions * (.009 BTC) = ~0.05BTC, and I should have received the balance at the two addresses provided. Instead, it has been 24 hours and I have yet to receive a notification of a pending transfer to either address, let alone any confirmations. Please see this image, which serves as proof that I sent the 1.42 BTC to the temporary address you provided, and that you have already transferred the money out from that address as well. I know that you have a positive reputation and a posting history on this site, so I hope that you can help me rectify this situation. If you would prefer to do so via PM or email instead of a public forum, feel free to PM me a response, or shoot me an email. Thanks much, q6 Without trying to do the time zone gymnastics required to sort out the various logs and such, I do see: txid 8463aebf3aca1fa4ace80802f66fb03aa4142969a54a0989432406775ea7c969 and txid 0cc5fdce435249c548a38abe49c3695039984bd22fa5f0f21bc2ca926c594785 which are the payments on your scheme. These were issued at around 17 and 20 hours after your funding transaction reached 10 confirmations. I think this translates to approximately 1 and 4 hours after your message here, respectively :) The 1.33... transaction from your scheme address went to a different user, which is kinda the whole idea. I saw mention from Gavin (https://bitcoinfoundation.org/blog/?p=135) that some transactions in the past week have taken extra long to confirm due to the network transaction volume sometimes exceeding the 250kB/block size limit, so this may have added some delay to your scheme. I try to minimize my logging, so I can't tell exactly, but it looks like your tx took about 2.5 hours to reach 10 confirmations. All good? Peace, Mike Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: mikegogulski on March 09, 2013, 02:38:56 PM The funny part is no bitcoin service has ever been charged with money laundering. ...yet. My lawyer and I await my indictment. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: Herodes on March 09, 2013, 06:41:12 PM The funny part is no bitcoin service has ever been charged with money laundering. If bitcoin was a company it could sue cnn for slander :P Perhaps the bitcoin foundation should do that. I would support that. With bitcoins. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: q6m on March 09, 2013, 07:46:52 PM Great - thanks for the response Mike - I really appreciate it. Makes sense, as confirmations have indeed been taking longer than usual and I didn't realize it required 10 on the initial transfer. Thanks again and keep fighting the good fight!
I saw mention from Gavin (https://bitcoinfoundation.org/blog/?p=135) that some transactions in the past week have taken extra long to confirm due to the network transaction volume sometimes exceeding the 250kB/block size limit, so this may have added some delay to your scheme. I try to minimize my logging, so I can't tell exactly, but it looks like your tx took about 2.5 hours to reach 10 confirmations. All good? Peace, Mike Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: marcus_of_augustus on March 09, 2013, 10:10:38 PM Bitcoin cannot "launder" money because it is not money, it is Bitcoin.
It is as simple as that, the state has decided, and made legal, what is "money" and it is not bitcoin. The legal cage designed by the statists to keep the inmates in, has now become a money prison of their own making for the statists. Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: blablahblah on March 09, 2013, 11:39:34 PM ... If you dig Bitcoin you are smarter than average.... I hope so! Well at least the vigorous rebuttals in the comment section help to restore my faith in humanity! :) Title: Re: 2012-12-18 CNN.com Bitcoin looks primed for money laundering Post by: nimda on March 10, 2013, 11:35:48 PM Bitcoin cannot "launder" money because it is money. FTFY ;)USD cannot launder money, and neither can JPY. |
