Bitcoin Forum
May 11, 2024, 04:34:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: 2012-12-18 CNN.com Bitcoin looks primed for money laundering  (Read 6490 times)
julz
Legendary
*
Offline Offline

Activity: 1092
Merit: 1001



View Profile
December 20, 2012, 08:29:57 PM
 #41

This story also in the Chinese media: http://www.fortunechina.com/business/c/2012-12/20/content_134680_3.htm

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715445240
Hero Member
*
Offline Offline

Posts: 1715445240

View Profile Personal Message (Offline)

Ignore
1715445240
Reply with quote  #2

1715445240
Report to moderator
Yankee (BitInstant)
Legendary
*
Offline Offline

Activity: 1078
Merit: 1000


Charlie 'Van Bitcoin' Shrem


View Profile WWW
December 20, 2012, 08:30:22 PM
 #42

Here is me pretty much bashing the author on twitter https://twitter.com/csanati/status/281850206838996992

Quote
@CharlieShrem @sebicas Lies? I am not in the disinformation business. If I made a mistake, please be specific. I spent days researching

I guess he was assigned the task by a supervisor which basically said: Hear, this bitcoin stuff, our owners don't like it, write some negative piece on it.

Yeh! You should tweet that to him

Bitcoin pioneer. An apostle of Satoshi Nakamoto. A crusader for a new, better, tech-driven society. A dreamer.

More about me: http://CharlieShrem.com
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
December 20, 2012, 08:33:15 PM
 #43

Here is me pretty much bashing the author on twitter https://twitter.com/csanati/status/281850206838996992

Quote
@CharlieShrem @sebicas Lies? I am not in the disinformation business. If I made a mistake, please be specific. I spent days researching

I guess he was assigned the task by a supervisor which basically said: Hear, this bitcoin stuff, our owners don't like it, write some negative piece on it.

Yeh! You should tweet that to him

I'm not on twitter, else I would. I noticed he stopped responding to the tweets. Will be interesting if he makes an answer later on.
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
March 09, 2013, 12:59:07 PM
 #44

 2013-03-09 Bitcointalk.org CNN looks primed for brain washing of the ignorant masses.
Monster Tent
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
March 09, 2013, 01:10:48 PM
 #45

The funny part is no bitcoin service has ever been charged with money laundering. If bitcoin was a company it could sue cnn for slander  Tongue

Gabi
Legendary
*
Offline Offline

Activity: 1148
Merit: 1008


If you want to walk on water, get out of the boat


View Profile
March 09, 2013, 01:23:55 PM
 #46

But but but the iranian nuclear project!!!!!!  Shocked Shocked Shocked bitcoin help them?Huh bad bad bad!!!!

(am i doing it right?  Cheesy)

mikegogulski
Sr. Member
****
Offline Offline

Activity: 360
Merit: 250



View Profile WWW
March 09, 2013, 02:37:08 PM
 #47

Dear Mike,

I'm glad I was able to find you on this site.  I've been having problems with your applications.

Firstly, I made a 1 BTC transaction on your bitcoinlaundry.com site.  The fees were deducted, but I was simply relayed the BTC with no hops for obfuscation.  I don't mind making a donation to you on a 1 BTC transfer, but the site provided no utility.
Hi there.

bitcoinlaundry.com is a *very* simple mixer. Your BTC in is one hop, other BTC out to the address you provide is a second hop. There are other mixer services that use multiple wallets, but mine don't as yet.
Quote
Secondly, I tried a 1.42 BTC transaction on your app.bitlaundry.com application.  I sent it to two addresses, with one transaction per day, and a 1-day timeframe.  Therefore, under your site's calculus, I should have incurred a fee of approximately (1.42 BTC*.0249)+2 outgoing transactions * (.009 BTC) = ~0.05BTC, and I should have received the balance at the two addresses provided.

Instead, it has been 24 hours and I have yet to receive a notification of a pending transfer to either address, let alone any confirmations.  

Please see this image, which serves as proof that I sent the 1.42 BTC to the temporary address you provided, and that you have already transferred the money out from that address as well.

I know that you have a positive reputation and a posting history on this site, so I hope that you can help me rectify this situation.  If you would prefer to do so via PM or email instead of a public forum, feel free to PM me a response, or shoot me an email.

Thanks much,
q6

Without trying to do the time zone gymnastics required to sort out the various logs and such, I do see:

txid 8463aebf3aca1fa4ace80802f66fb03aa4142969a54a0989432406775ea7c969

and

txid 0cc5fdce435249c548a38abe49c3695039984bd22fa5f0f21bc2ca926c594785

which are the payments on your scheme. These were issued at around 17 and 20 hours after your funding transaction reached 10 confirmations. I think this translates to approximately 1 and 4 hours after your message here, respectively Smiley

The 1.33... transaction from your scheme address went to a different user, which is kinda the whole idea.

I saw mention from Gavin (https://bitcoinfoundation.org/blog/?p=135) that some transactions in the past week have taken extra long to confirm due to the network transaction volume sometimes exceeding the 250kB/block size limit, so this may have added some delay to your scheme. I try to minimize my logging, so I can't tell exactly, but it looks like your tx took about 2.5 hours to reach 10 confirmations.

All good?

Peace,
Mike


FREE ROSS ULBRICHT, allegedly one of the Dread Pirates Roberts of the Silk Road
mikegogulski
Sr. Member
****
Offline Offline

Activity: 360
Merit: 250



View Profile WWW
March 09, 2013, 02:38:56 PM
 #48

The funny part is no bitcoin service has ever been charged with money laundering.

...yet. My lawyer and I await my indictment.

FREE ROSS ULBRICHT, allegedly one of the Dread Pirates Roberts of the Silk Road
Herodes
Hero Member
*****
Offline Offline

Activity: 868
Merit: 1000


View Profile
March 09, 2013, 06:41:12 PM
 #49

The funny part is no bitcoin service has ever been charged with money laundering. If bitcoin was a company it could sue cnn for slander  Tongue

Perhaps the bitcoin foundation should do that. I would support that. With bitcoins.
q6m
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
March 09, 2013, 07:46:52 PM
 #50

Great - thanks for the response Mike - I really appreciate it.  Makes sense, as confirmations have indeed been taking longer than usual and I didn't realize it required 10 on the initial transfer.  Thanks again and keep fighting the good fight!


I saw mention from Gavin (https://bitcoinfoundation.org/blog/?p=135) that some transactions in the past week have taken extra long to confirm due to the network transaction volume sometimes exceeding the 250kB/block size limit, so this may have added some delay to your scheme. I try to minimize my logging, so I can't tell exactly, but it looks like your tx took about 2.5 hours to reach 10 confirmations.

All good?

Peace,
Mike


marcus_of_augustus
Legendary
*
Offline Offline

Activity: 3920
Merit: 2348


Eadem mutata resurgo


View Profile
March 09, 2013, 10:10:38 PM
 #51

Bitcoin cannot "launder" money because it is not money, it is Bitcoin.

It is as simple as that, the state has decided, and made legal, what is "money" and it is not bitcoin. The legal cage designed by the statists to keep the inmates in, has now become a money prison of their own making for the statists.

blablahblah
Hero Member
*****
Offline Offline

Activity: 775
Merit: 1000


View Profile
March 09, 2013, 11:39:34 PM
 #52

...
If you dig Bitcoin you are smarter than average....

I hope so! Well at least the vigorous rebuttals in the comment section help to restore my faith in humanity! Smiley
nimda
Hero Member
*****
Offline Offline

Activity: 784
Merit: 1000


0xFB0D8D1534241423


View Profile
March 10, 2013, 11:35:48 PM
 #53

Bitcoin cannot "launder" money because it is money.
FTFY Wink
USD cannot launder money, and neither can JPY.
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!