Again, you avoid answering my question. The reason you avoid answering is obvious. There is no way to claim my money are illegal if you don't know where they come from!
So, LR can't be indicted for money laundering since there is no way they knew where their customers money were coming from!
Again. How can you prove that it is unknown where any of the funds come from? Why would you assume this? This is silly. The fact that I can't prove anything doesn't mean US attorney's office can't. Show me that US attorneys have no evidence, please. |
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I'm not endorsing anyone's arguments, but the fact that sources are concealed (or perhaps more suitably, that attempts were made to conceal the sources) doesn't mean there is no evidence of illegal proceeds. Well, answer my question then. What evidence would you have of money being illegal if you don't know where they come from? You made the same assumption again. How do you know that I don't know? That attempts were made to conceal the sources does not necessarily make it so. |
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I can't say who is right and who is wrong in this LR stuff, but the legal system is working as it was designed. You don't have any evidence of illegal money because their source is concealed. To have any evidence of money being illegal you have to know the source. Simple as that. I'm not endorsing anyone's arguments, but the fact that sources are concealed (or perhaps more suitably, that attempts were made to conceal the sources) doesn't mean there is no evidence of illegal proceeds. That's a very strange assumption. Criminals fuck up all the time. |
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3 lower highs, 3 lower lows. So the wedge did break downward. How far will we go?!  |
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The Silk Road talk is so '2011ish. Came on. People sees that there's much more in BTC, besides of the fact that real economy is still reduced and that it's very speculation driven.
This baby needs to grow a little bit, but it's unstoppable.
The question is why the f--k would I want to internationally transfer my money to Japan, wait 4 days, pay transfer fees, buy one bitcoin and then buy a service I could pay for instantly with paypal? The only reason to go through hassle of getting bitcoin is using silkroad. Please tell me, why else would I want to use bitcoin to buy something over using credit card or paypal. It is a serious question, I expect a thought out answer. This applies to a lot of people, IMO, including me. There is absolutely zilch that I would use bitcoins for, since it is far more convenient (and safe, considering the short time bitcoin vendors have existed) to use fiat, with the exception of Silk Road. Re Silk Road, however, I can find better drugs for much cheaper, and fuck drugs in mail, so that's no go either. So I am here strictly for speculation. So I wonder..... what do we see among the speculator population if we see months of sideways trading, or a long slow downslide? |
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Bubble followed by slow bear market decline is still a possibility, but every day trading on this range is one point more for the "correction" case, and a point less for the "bubble burst" case.
I disagree! |
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"Money laundering is the process of concealing illicit sources of money." - Wikipedia"money laundering (concealing the source of illegally gotten money)" - Princeton WordNetSo, if I'm concealing the source of legally gotten money everything should be okay?! AML laws get you then, too!  So, my "tin-foil hat" definition is correct! No. Violating AML laws doesn't mean that you have laundered money. |
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"Money laundering is the process of concealing illicit sources of money." - Wikipedia"money laundering (concealing the source of illegally gotten money)" - Princeton WordNetSo, if I'm concealing the source of legally gotten money everything should be okay?! AML laws get you then, too! |
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Laundering, IMO, is based on concealment. It's about whether or not you conceal the source of (ill-gotten) money. No. Laundering is every financial transaction if Big Brother has no information about how much money, from whom, and for what are transferred. If they don't know EVERYTHING about your money then you're dubbed money launderer. No, that's some tin-foil hat definition. "Money laundering is the process of concealing illicit sources of money." - Wikipedia"money laundering (concealing the source of illegally gotten money)" - Princeton WordNetIt's simply mixing, and it is definitely laundering.
Well, cash is mixed in every cash register in every shop. Does it mean that every cash register in every shop is a money laundering machine? Mixing here is not simply "to combine" as you are using it. It is the act of specifically mixing dirty money with clean money to conceal the original source of the dirty money. See the Bitcoin wiki for "Mixing service." I don't know on what scale this was actually happening with LR -- we are not privy to that information. Fungibility is one of the key functions of real money. If you can't mix them then you're not using real money but some substitute. Hacked credit card money, for example, and "real money" are fungible; you simply wouldn't want that trail leading back to you. Is it not simple to see why AML laws would be used to prevent mixing of these types of funds? |
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Frozenlock just gave the answer that ends this discussion. The blockchain has the potential to become so much more than a ledger that stores bitcoin transactions. Bitcoins however are what gives you access to it. Intrinsic value, right there.
Could you give some examples? |
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No, we're not seeing "essentially faith" with bitcoin. It's more. I have to agree finally with Max Keiser: bitcoin does have intrinsic value (I used to argue it was all pure faith). The intrinsic value of bitcoin is it's scarcity combined with the fact that you can send it through the internet anonymously. That's intrinsic value right there.
I can do this with a slew of scammy altcoins. "Onecoin" is a much more scarce crypto-currency than bitcoin. So much for intrinsic value. The scarcity point is completely irrelevant right now -- the only way to know that future demand will be sufficient is to crystal ball that shit. This is indeed "essentially faith". But, I think, that is the way of most burgeoning ideas -- early adopters need to have faith. Rome doesn't get built in a day. |
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Why do these warrants bother claiming that LR was a "launderer" of money when in no case do they ever provide clean taxable income for anyone?
Laundering, IMO, is based on concealment. It's about whether or not you conceal the source of (ill-gotten) money. So, for instance, if you were able to move funds from hacked bank accounts to anonymous re-loadable credit cards, without the ill-gotten money being tied to you, that would be laundering. That is exactly the type of service that LR was able to provide. It's simply mixing, and it is definitely laundering. |
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If it did break $124, it would likely be a breakout. Otherwise it won't likely ever touch $124. Putting a sell order there is moot.
Big "if", considering we didn't near touching 124, and yes, because that is the resistance of the current wedge. There was never the buy volume to break up to begin with. Wedge is indeed nearing breaking point, but I think we break out downward if it breaks. ~ Something like:  |
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What would be the point of that wall at 124 exactly?
It doesn't make much sense, most of the orders won't get filled unless the wall is broken through, and why would anyone want to sell at the beginning of a breakout? Perhaps it's not the beginning of a breakout..... |
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Most of us here, I think, are bullish in the long term. But... the bubble is over? I don't know about that. Long term charts are scary as hell looking for someone holding 100% BTC. There is plenty of room to fall and nowhere near the hype that took us to 266. Until we are comfortably in 170+ territory, I am not confident that this is over.
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Looks to me like these guys are scamming. They ran a "BTC" giveaway where they had users trust them for 1 BTC. rL7Q47gzcJBTTGxcKKtkSgeXtenguwv7Vs has been cashing in Bitstamp IOU's in exchange for WisePass's (rPDXxSZcuVL3ZWoyU82bcde3zwvmShkRyF) worthless IOU's that are issued to those that trust WisePass. Now they are running a "USD Giveaway" !!! https://ripple.com/graph/#rL7Q47gzcJBTTGxcKKtkSgeXtenguwv7Vs ^^ You can see they've already cashed out a couple hundred real USD from those that trusted them. And going further back, all the BTC they have taken. https://wisepass.com/https://twitter.com/wiseXRP...am I off here?  Doh. |
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So much grasping at straws around here
Yep, we are grasping at straws for 4+ years now, 100000% ROI so far. Do show us errors of our ways. Nice strawman. Pointing out that an analysis is baseless isn't attacking your perma-bull position. (That is for another thread.) |
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So much grasping at straws around here
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Ripples can be subdivided to one millionth, and the current transaction fee is 0.00001 XRP, so with ripples for just a few dimes you should be able to do all the transactions for a lifetime.
You need some as a reserve, though, for keeping accounts, credit lines and trade offers. These are not consumed but must be present to be able to use the system.
Both of these mechanisms do not make transactions or accounts expensive, but they should deter some forms of misuse.
Onkel Paul
Onkel paul, thanks for that, but you have now confused me more, if with a few dimes you can do transactions for a life time, surely the price of ripples should not increase ever, Why? This is just for transaction fees. It has nothing to do with the utility of XRP as currency. And it means the supply of ripples will contract over time (ever so slightly). |
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nice one! thx (but i still think all this glamour of being in worldwide news will be tempting for bahara. but this will take a while. he killed an elephant and gets the trophy. he will want that again. but not directly after the first one. once it got boring again, once the first trophy isnīt shining that golden anymore - then he will want to hit another one. 1 or 2 years from now.) Meh, he headed the multi-year investigation and bust of Pokerstars / FTP / Absolute Poker. Who knows if SDNY will even be working any cases related to virtual currencies in foreseeable future? |
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