2013-05-01 Mish Shedlock - Is Bitcoin a Money Laundering Machine?

[ChuckSteinmetz]

http://globaleconomicanalysis.blogspot.com/2013/05/canada-goes-after-bitcoin-saskatoon.html

If you think the anonymity of bitcoin will hide what you are doing, you probably better think twice. And the more popular bitcoin gets, the more government will be asking questions.

If bitcoin gets big enough, governments will do far more than ask questions, they will demand an accounting of every transaction, where the money went, and whether taxes were properly paid.

Mish seems to be getting a bit hostile, I'm beginning to wonder about him.

[cypherdoc]

i've been a Mish follower for years.

too bad he doesn't understand Bitcoin.  he's a paid advertiser for GoldMoney.

Bitcoin confuses even the best.