The next time anyone accuses Bitcoin of Money Laundering, point them here:

[cypherdoc]

this man alone put over a thousand banksters in jail back in the 1980's:  http://en.wikipedia.org/wiki/William_K._Black

he, along with Janet Tavakoli, Simon Johnson, Joseph Stiglitz and a few others unfortunately can't stop the fraud and control from occurring.  Gresham's Law is deeply entrenched in the leadership arena of this country.  the bad have driven out the good.  

not throwing these guys in prison for fear of a loss of confidence in the banking system is just a diversion and excuse.  it would actually do the opposite.

this is why Bitcoin's future is so bright.  your only chance of survival is getting into a system that cannot be manipulated.

[1714657917]

1714657917

[AfricanHunter]

And not one bankster has gone to prison.

“We accept responsibility for our past mistakes,” Gulliver said in a statement. “We have said we are profoundly sorry for them, and we do so again. The HSBC of today is a fundamentally different organization from the one that made those mistakes.”

Translation: "We are profoundly sorry; for having been caught".

"The decision not to prosecute HSBC was a decision of the Justice Department and was influenced by factors including the impact of the probe on the company’s employees and the potential economic effect, Breuer said."

Translation:  "Keep it up.  There will be no repercussions".

http://www.bloomberg.com/news/2012-12-12/hsbc-mexican-branches-said-to-be-traffickers-favorites.html

Saying that isn't really a logical argument on bitcoin being used to launder money. You are basically saying, well they also launder money which doesn't change the fact that btc can be used to clean dirty fiat. But any medium of exchange can be used to launder funds.

Don't get me wrong, not saying it should negatively affect bitcoin as currency but argument wouldn't fly on anyone with a brain

[MPOE-PR]

Saying that isn't really a logical argument on bitcoin being used to launder money. You are basically saying, well they also launder money which doesn't change the fact that btc can be used to clean dirty fiat. But any medium of exchange can be used to launder funds.

Don't get me wrong, not saying it should negatively affect bitcoin as currency but argument wouldn't fly on anyone with a brain

Try this one on your brain for size:

Dude with a hat goes up to other dude with a hat.
"Dude! You're under arrest!"
"Why ?"
"You're wearing a hat!"
"Get bent."

Money laundering can either be good or bad. It can't be good when the gov't does it but bad when some random party not in the old boys' club does it. Anyone with half a brain can see that.

[goodbc]

http://www.youtube.com/watch?v=qDO6HV6xTmI 

[bitfreak!]

http://www.youtube.com/watch?v=qDO6HV6xTmI 

lol french fried felon. That is some classic shit. One of the funniest George Carlin pieces I've seen. Especially relevant to this thread. Nice share.

[Anon136]

Bankers, gangsters, is there a difference?

Gangsters have a pretty fucked up code of honor but the point is they have a code of honor. banksters on the other hand...

[BkkCoins]

And on the BBC today - UBS now fined $1.5B.
Wow. How much have banks paid in fines this week?
Almost $4 B... I'd say it's getting kind of expensive to be a Bankster but we all know this just means they raise fees and beg the govt for more funny money.

[cypherdoc]

And on the BBC today - UBS now fined $1.5B.
Wow. How much have banks paid in fines this week?
Almost $4 B... I'd say it's getting kind of expensive to be a Bankster but we all know this just means they raise fees and beg the govt for more funny money.

When will the nightmare stop?   It's almost like it's become expected behavior that's just par for the course.   Scary situation.

Nothing like this to focus ones mind.

[Desolator]

Criminals will always go to the easiest, safest method for money laundering.  If bitcoin or Mexican HSBC is the easiest, that's what they'll use.  Oh well.  Stop the crime they got the money from in the first place.

The big difference with bitcoin is it takes the BTC is the next version of the client will have a button that takes 0.005BTC and shoves it directly up the HSBC executives' asses.  That's figuratively but really, it just takes all their power away to do stupid shit like this and control money and control politics and control whole countries and control big businesses, etc.