the_thing (OP)
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September 12, 2012, 04:53:43 PM |
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Since gambling and illegal stuff seem to be the only two "industries" that flourish in today's Bitcoin environment I was wondering whether you guys would consider illegal business as an investment option for you.
Please, note that I am NOT giving you an offer. I'm just curious.
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Free TON
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Bjork
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Look for the bear necessities!!
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September 12, 2012, 05:07:44 PM |
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I'm not sayin I voted yes, I'm just sayin I didn't vote no.
But obviously (to me) it depends on what it is. I wouldn't invest in a hit-man business or anything violent.
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the_thing (OP)
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Proof-of-Stake Blockchain Network
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September 12, 2012, 05:13:16 PM |
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I'm not sayin I voted yes, I'm just sayin I didn't vote no.
But obviously (to me) it depends on what it is. I wouldn't invest in a hit-man business or anything violent.
To be more specific, I meant drugs. I just didn't write it in the OP, because I wanted to see the general view on crime. |
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,aP" Yb_,dP" "Yba, ,adP" "Yb,_dP "Ya,
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,aP" _,dP"Yb ,adP"8"Yba, dP"Yb,_ "Ya,
,aPYb _,dP8 Yb ,adP" 8 "Yba, dP 8Yb,_ dPYa,
,aP" YdP" dP YbdP" 8 "YbdP Yb "YbP "Ya,
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"Yb, `"8, "Y8P" ,8"' ,dP"
"Yb, `8, 8 ,8' ,dP"
"Yb, `Ya 8 aP' ,dP"
"Yb, "8, 8 ,8" ,dP"
"Yb, `8, 8 ,8' ,dP"
"Yb, `Ya 8 aP' ,dP"
"Yb, "8, 8 ,8" ,dP"
"Yb,`8, 8 ,8',dP"
"Yb,Ya8aP,dP"
"Y88888P"
"Y8P"
"
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Free TON
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│
│
│
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PEER-TO-PEER MULTY-BLOCKCHAIN SYSTEM
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬.
▬▬▬TON SURF - OFFICIAL WALLET. |
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QuantumKiwi
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September 12, 2012, 10:27:49 PM |
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Because im in legit business no, however if the returns are high and the clients are your friends and there is little risk... I say why not?
Freedom is freedom. The law is not meant to be obeyed, they are made to make someone money - the govt.
Just my 2c. However, in all seriousness - Dont break the law.
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CryptoFreak33
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September 13, 2012, 12:41:43 AM |
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Since gambling and illegal stuff seem to be the only two "industries" that flourish in today's Bitcoin environment I was wondering whether you guys would consider illegal business as an investment option for you.
Please, note that I am NOT giving you an offer. I'm just curious.
For me, it would come down to personal values. I don't believe that everything illegal is 'immoral' so I'd invest in a good number of 'illegal' businesses that didn't violate my personal morals. On the other hand, if someone were starting a 'hitman for hire' service, I'd probably pass since it violates my personal morals. It's pretty black and white for me. |
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Capital One Corporation
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September 13, 2012, 01:28:17 AM |
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I think Bitcoin is good for the legal grey area's business to raise money. Some of the business is profitable and not harming other people, but the law just forbidden it.
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deathsythe
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September 13, 2012, 05:25:49 AM |
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Personally- if I have plausible deniability and legitimately have no idea where the money is coming from and have no contact with the "business" or "clients" then I'd entertain it.
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thebaron
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September 13, 2012, 05:29:21 AM |
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Legal businesses can never provide as high a profit margin as the black market, even if it's just as simple as evading taxation. So if you demand huge returns, it's the only way to go.
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JMAHH
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September 13, 2012, 05:34:58 AM |
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Poll conclusion: we should all be put in prison.
(we'll leave Atlas outside tho)
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thebaron
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September 13, 2012, 05:38:22 AM |
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Poll conclusion: we should all be put in prison.
I've heard that the average American breaks three laws a day. |
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JMAHH
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September 13, 2012, 05:43:41 AM |
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Poll conclusion: we should all be put in prison.
I've heard that the average American breaks three laws a day. That, sadly, might say more about America than Americans. |
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casascius
Mike Caldwell
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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September 13, 2012, 05:53:26 AM |
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Personally- if I have plausible deniability and legitimately have no idea where the money is coming from and have no contact with the "business" or "clients" then I'd entertain it.
I'd answer NO, particularly by reference to the above. If I need deniability to escape liability and can't contact the stakeholders, then I have no leverage that would allow me to receive any or all of my investment back, let alone any potential gains. And I wouldn't want the risk of being prosecuted if the illegal business got shut down. |
Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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JoelKatz
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September 13, 2012, 06:14:24 AM |
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I'm not sayin I voted yes, I'm just sayin I didn't vote no.
But obviously (to me) it depends on what it is. I wouldn't invest in a hit-man business or anything violent.
To be more specific, I meant drugs. I just didn't write it in the OP, because I wanted to see the general view on crime. No. There's a high risk of getting caught and losing your drugs and/or money. Also, the guy you invested with can get killed or busted and then you have to hire some bad people to get your money back. Also, the business can come to your doorstep any time. Drugs can be a good business if you want to be in that business actively but they're a *horrible* passive investment. |
I am an employee of Ripple. Follow me on Twitter @JoelKatz
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max in montreal
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September 13, 2012, 06:17:01 AM |
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are we all not investing in tax evasion using bitcoin?
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thebaron
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September 13, 2012, 06:21:18 AM |
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are we all not investing in tax evasion using bitcoin?
I think technically it would only be tax evasion if you made a profit and turned those BTC into fiat. |
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Monster Tent
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September 13, 2012, 06:22:15 AM |
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I would buy shares in silk road for sure  |
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unclescrooge
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September 13, 2012, 07:45:54 AM |
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illegal != wrong
So yes I could invest in an "illegal" business.
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chmod755
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September 13, 2012, 08:09:25 AM |
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illegal != wrong
So yes I could invest in an "illegal" business.
I agree. I wouldn't invest in a hitman business, trafficking, terrorism, money laundering, etc., but I think marijuana should be legal everywhere and I think it's okay to invest in something like that. The problem about investing in an illegal business is, that the owner won't reveal his/her identity so it might be a scam (but there are probably some people on SR with a lot of ratings,....). |
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Akka
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September 13, 2012, 09:07:46 AM
Last edit: September 13, 2012, 12:33:44 PM by Akka |
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illegal != wrong
So yes I could invest in an "illegal" business.
Agree, the most illegal businesses are wrong, though. I would never invest in Drugs, Human Traffic and stuff like that. On the other hand there is a huge amount of legal businesses I would never invest, too. Weapon Manufactures for example. You have to count in you own moral standards as well. But as many people sadly don't have them it is necessary to make businesses illegal/put them under heavy controls that have the possibility to harm people for profit. |
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flower1024
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September 13, 2012, 12:23:12 PM |
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Since gambling and illegal stuff seem to be the only two "industries" that flourish in today's Bitcoin environment I was wondering whether you guys would consider illegal business as an investment option for you.
Please, note that I am NOT giving you an offer. I'm just curious.
it depends if it is illegal but does not hurt my moral feelings i'm fine investing in it. but i dislike: drugs, childporn, weapons, anything which hurts people (this list is not complete) ^^ so there is not much left. maybe gambling (as its overregulated in germany) |
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