Bitcoin Forum

Panama Papers is bigger than Auroracoin. A serious discussion thread is needed

I agree, doesn't need to be just about Auroracoin, it's just what puts it into good perspective towards the influence it has on crypto. Auroracoin is extremely close to general adoption in Iceland, it just got a mayor push here thanks to those papers.

What surprise me is how surprised people are. We are slaves of these criminals, and keep fighting each other for what they left to us. Very little. Look in crypto. This was designed to answers such situation, to give people a tool to regain control of their lives. Instead of cooperation toward common goals, we saw countless little criminals hidden behind their screens scamming idealist people.

I've been burned in crypto by criminals (Mt.Gox, Mintpal, Alpha Technology, etc), as i've been raped by banskters/politic criminals with taxes, inflation, unethical laws, etc.

If we want to change the world, we have to start by changing ourselves - and put the common good in front of our own.

It is exactly why i'm so happy and proud to work with this team here. I know every single group say such stuff ''we are fair people'' etc, but for me it's only true when I can experiment the reality by myself. And I did the last year.

We have a very important project in our hands. And our hands are clean. We feel the importance of what we are doing - and we are not spending that much energy/time/ressources/money to fail. We are angry, we want to show that it is possible and very positive to have a national currency not into banksters hands. 

And now this happens ?   Lol. Can't believe how lucky we are to have such timing happening !

Hey !   We have a huge contact in the biggest newspaper / website of iceland, the national radio reach for us, and our campaign is just starting 4 weeks. 

Auroracoin Round 2 - but this time we are ready - structures are ready - we have a deep and capable team.

We will succeed.

Are there online and IRL merchants accepting Auroracoin? URLs?

Ok, something bothers me about the whole thing:

Do we really want those people in crypto? I'm not much of an idealist, but I am bothered by seeing people jump up and down like dogs anticipating a treat, because they see big money moving into crypto(that is, if it is coming at all), regardless of this money coming from criminals and what not. As if crypto wasn't shady enough already.

So crypto is gonna be the new popular tax evasion tool? Hm.

Just imagine if our governments start to put off their money in their crypto-currencies wallet. The difference of white money and black money would no longer remain. No hassle of paying taxes either.

Could it happen?

Taxes, from the start, is a tool for/from the elite to enslave the masses. I would focus on people who use it on a daily basis. There is no perfect solution cleaning every bad thing in this world - but we can indeed start somewhere. And then improve it. And then attack another problem.

No, at least not noticeable (some shops preparing test phase).

As stated a above we have been preparing and structuring mainly. Most important was updating the wallets to multi-algo (https://bitcointalk.org/index.php?topic=1044432.msg14166555#msg14166555 (https://bitcointalk.org/index.php?topic=1044432.msg14166555#msg14166555)) and setting up an Exchange that enables Icelanders to trade AUR against ISK (http://beta.isx.is (http://beta.isx.is)) That has been done now. We are currently developing merchant tools as we speak.

We also released a secure web wallet to enable all Icelanders to use Auroracoin on any device: http://webwallet.auroracoin.is (http://webwallet.auroracoin.is) and we are going to launch a massive busstop advertising campaign (https://bitcointalk.org/index.php?topic=1044432.msg14154776#msg14154776 (https://bitcointalk.org/index.php?topic=1044432.msg14154776#msg14154776)) with posters in over 100 busstops around Reykjavik.

All this to create awareness and prepare for actual integration. We have a massive media campaign prepared for the official launch of the exchange which will be around the first of May this year.

Only if they have opaque blockchains. Bitcoin isn't good for tax evasion, it's actually what the tax authorities want, a way to see EVERY transaction.

Pro tip is buy monero before it moons into ETH territory. XMR is a tax evasion tool

If the governments officials can put their money in the crypto currencies and enjoys its benefits, they will allow the wide use of those coins.

Yes its time for Monero to go mainstream the world needs private untraceable crypto

As long as there is money in any form and shape present in our lives that long will see those kind of stories. No elections or system shift to another system wont help. It's not the people, the system make us to do bad things. I am no surprised, if I had a chance you would probably find me among those guys now. Hihi.

Interesting suggestion, do you specifically mean Monero replacing offshore companies in Panama and elsewhere to facilitate bribery, arms deals, tax evasion and drug trafficking, or just in general as a way to be able to send and receive digital, untraceable transactions i.e. particularly in future societies that might have abolished cash money?

howsoever . . . Monero ???

Well, the system is made by the people…  ;)

The majority of the people is sucked up by the system you mean?

Icelandic politicians have the same problem as Russian and Ukranian politicians, they can't trust their local currency.

The worst part of this story is that the #panamapapers only connects Landsbanki clients in Iceland. Kaupthing and Glitnir, the other two large banks here used a different law firm to hide their clients money.

Also big news in the Netherlands there should be big names on the list. Also few Dutch famous people should be on the list of people who hide there money. They will soon publish more info about the panama list with detailed info. For some people this can cost there job or can expect to see a bill they have to pay.

It's big news everywhere! I'm Dutch, so I'm following that as well. But Iceland is the only country that is protesting in the streets already, at the verge of overthrowing their government!

LIVE FOOTAGE!:

http://i890.photobucket.com/albums/ac108/LTEX/Schermafbeelding%202016-04-04%20om%2019.10.27_zpspt8nrjlb.png (https://youtu.be/qMT2zZcvIi8)

Perhaps the elite will start using crypto to store their wealth..  ::)

NOT!

I don't see how this event will have any impact on crypto. Its about rich people evading taxes. Some will get fined others will serve time. Bitcoin will never get mentioned.

True, Auroracoin will though!

This was unexpected!!!  ;D

When the Elite start using crypto for this purpose, they'll stop getting caught....but only if they use Monero, not Bitcoin.

Well, it was unexpected by me to see three Icelandic politicians implicated. There's serious buzz about a possible snap election putting the Pirate Party in charge! 

WAT?  Where is this pic from?  I don't routinely watch the news.  You could even say I'm a recluse--but if this is as important as people here imply I may have to pick up a newspaper or something. 

Don't know how any of this is going to affect bitcoin, if at all.  Tax evasion, money laundering, and all that stuff was invented with fiat.

Even if their names are mentioned in these papers, do you think they will get prosecuted, convicted and punished?
These people will find a way out.

These are interesting developments in Iceland.  Maybe something like this will turn more eyes towards Crypto.  Blockchains keep accurate records so they can't hide things like they can now.  Ironically there will be more transparency with various  cryptos and this is what people are demanding of their leaders.

There is no doubt that this will stimulate more interest
in crypto for those who are concerned about hiding their
wealth from the state.

It might also make it more difficult to operate crypto
openly in future, if the aims of crypto are totally at odds with
the aims of larger society.

It would be more beneficial to try to arrive into negotiation
with the authorities. Think if state departments had a public
BTC addresses and you could pay your taxes with
Bitcoin: then you could track how your funds are being used.

This in turn would pressure the governments to manage
taxpayers money more efficiently, which would take away the chief
excuse of tax evasion.

The block chain is just a record of money flow. We cannot link them to an entity owning the funds.

Icelandic PM (and his parliament) on the verge of collapse!

http://ruv.is/frett/government-in-crisis-pm-meets-with-president

Word just came out PM requested to dissolve his Parliament. President is going to look at possibilities for new elections!

Why has Iceland in particular got their panties in a bunch?  I know they had the worst of the global downturn, and they they probably have a lot of resentment left towards the banks/bankers, but was Iceland more involved in the Panama Papers stuff than any other country?

There is very little reason why this thread should be related to Auroracoin or even in the Alts section!

Well, Iceland is the only country that has overthrown their entire government by putting out a strong voice of the people (yesterday almost 10% of the people came to protest) TWICE now!

Also it's the only country in the world that is in complete isolation due to their currency controls. And now it probably will become the first country in the world that is going to put a Pirate party in the gov seat. A party that already expressed it's embracement of Crypto currencies!

Any yes, Auroracoin happens to be the only crypto currency currently available to Icelanders (BTC is almost impossible to acquire due to the currency controls).

Adding up those things, I would say this is extremely relevant, both by watching Panama Papers standard and Altcoins discussion!

Do you accept Greeks in Iceland?  ;D

https://www.google.nl/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&ved=0ahUKEwjYmeSi5PfLAhXBJA8KHQJSAsUQFgg6MAQ&url=http%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fbusiness%2Fnews%2Fthree-charts-that-show-what-greece-can-learn-from-icelands-banking-crisis-10329085.html&usg=AFQjCNGmFiGTjkZSqvu9_Owv-G_6ZnKEVg&sig2=rZ1yA3SagLuc9zkWpq3bTQ

 ;)

And even Edward Snowden thinks this is relevant!:

https://twitter.com/Snowden?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Interesting read from last week before the turmoil started:

http://cointelegraph.com/images/725_aHR0cDovL2NvaW50ZWxlZ3JhcGguY29tL3N0b3JhZ2UvdXBsb2Fkcy92aWV3L2JhNDhlZTljNWRkM2MwODliZTc1NGQ0OTZjZGRmM2E1LnBuZw==.jpg (http://cointelegraph.com/news/auroracoin-makes-a-comeback-in-iceland-the-country-mired-in-financial-scandals)

What do you mean by "extremely close"? Are retailers there accepting aurora? Landlords, mortgage companies? If no, it's not extremely close at all.

Perhaps you should read the article above?  ;)

And thirdly, Iceland's population is quite small. It's a lot easier for populists to "git 'er done" in a small-populations jurisdiction than in a large one.

Contrast it to America: a protest comprising 10% of the American population would comprise 33 million people.

Today the first big Dutch name released. Clarence Ceedorf well known person in the football world. I wonder who will be next on the big list.

Haha, well if you regard Clarence Seedorf to be a "big name"? I'm personally waiting to read Klaas Knot is on that list as well ;-)

To me it looks like the Icelandic people are being played.

I always wondered how Iceland was the only country to snub the European Union and get away with it...until now.

What's happened there just looks like a coup to me. A senior politician's wife owns some assets in an offshore bank account ? Big deal. The doesn't sound like the real agenda to me.

Current Icelandic Government calls a halt to Iceland's EU application, then gets toppled by a revelation made by Soros funded Wikileaks/ICIJ ?  Icelandic Pirate party senior staff was Julian Assange's right hand woman and Pirate party has a pro-EU agenda and intends to restart their application, meanwhile all known mainstream news organisations across the EU make sure disgraced PM's face and Icelandic flag is plastered on every news channel and newspaper ?

That sounds more like a "proper" agenda  ;)

Bitcoin would work for them too. All they would have to do is secure their addresses and private keys. Unless they "give it up" to LEO then there is no way anyone can know who owns which addresses.

Lol, Klaas and most banksters have stored their wealth at the Bank of International Settlements (BIS). A bank free of taxes and legislation.

I was wondering when ISX will open?
edit: it is not stated in the article

ISX will open right after the change to multi algo occurs. By estimate that would be around 1st of may this year.

 

Bullish af for Monero and other Cryptonotes.   8)

This is the story that just keeps giving and giving.... just like wiki-leaks.
Superb that this has happened. The lawyers did this to get more clients for their other offices around the world it is all a plan of attack for them.  >:(

Thank you for the quick answer ! going to watch closely auroracoin from now one, we be nice for the whole cryptocommunity if your scenario happens, or at least part of it.

Want a laugh? Look at what this fella thinks the Panama Papers are also "bullish" for:

http://www.nationalreview.com/article/433696/national-security-agency-panama-papers-prove-its-worth

Those people use offshare compaines to hide the tax authorities of their profits. So the investment is involved. How can invest in Monero give some profits apart from the coin appreciation?

You can loan them.

That's not is a Crypto-Coin problem, is a services related problem and the lack of them, nothing that can't be saved

This. The blockchain is a public ledger and can't be bribed. I would think this development will speed up countries adopting blockchains for their own currencies, so everything can be tracked.

The Panama thing is happening because cash can't really be tracked, so many dollars are outside the US, they've lost control, and in that situation dollars + some criminal lawyers in places like Panama are all you need to hide your wealth.

Meanwhile the Pirate party comes out of polls way on top!:

http://icelandmonitor.mbl.is/frimg/8/76/876975.jpg (http://icelandmonitor.mbl.is/news/politics_and_society/2016/04/06/almost_half_of_icelandic_nation_now_want_the_pirate)

This is good news for us for this party is very open towards Cryptocurrency and so also towards Auroracoin!

Would Dash or other anonymous coins also be useful in this regard? I thought they are also anonymous.

There have been many explanations of why Dash is broken to the core.  The masternode system is circumspect and does not offer good anonymity - it can be broken similar to the way that agencies can host poison TOR exit nodes.  Secondly, the head dev of Dash (whether by accident or design) changed the mining/rewards such that he ended up with a vast treasure trove of Dash for free.  Many refer to this as a ninja-mine. 
 
So you have an inherently flawed technology where a majority of the tokens are held by early participants who did not fairly earn them. 
 
No, Dash will not be taken seriously once anon-coins get out of the basement.  There are only a few anon coins that can be taken seriously, and they are all Cryptonotes: Monero, Aeon, and perhaps one or two others (I know a joke coin, Neptunium, just launched for example).