Will the Panama Papers open eyes of public towards Crypto?

[MisO69]

Perhaps the elite will start using crypto to store their wealth.. 

NOT!

I don't see how this event will have any impact on crypto. Its about rich people evading taxes. Some will get fined others will serve time. Bitcoin will never get mentioned.

[LTEX]

Perhaps the elite will start using crypto to store their wealth.. 

NOT!

I don't see how this event will have any impact on crypto. Its about rich people evading taxes. Some will get fined others will serve time. Bitcoin will never get mentioned.

True, Auroracoin will though!

[macsga]

This was unexpected!!! 

[Monerobuyer0]

Perhaps the elite will start using crypto to store their wealth.. 

When the Elite start using crypto for this purpose, they'll stop getting caught....but only if they use Monero, not Bitcoin.

[Nxtblg]

This was unexpected!!! 

Well, it was unexpected by me to see three Icelandic politicians implicated. There's serious buzz about a possible snap election putting the Pirate Party in charge! 

[The Sceptical Chymist]

It's big news everywhere! I'm Dutch, so I'm following that as well. But Iceland is the only country that is protesting in the streets already, at the verge of overthrowing their government!

LIVE FOOTAGE!:

WAT?  Where is this pic from?  I don't routinely watch the news.  You could even say I'm a recluse--but if this is as important as people here imply I may have to pick up a newspaper or something. 

Don't know how any of this is going to affect bitcoin, if at all.  Tax evasion, money laundering, and all that stuff was invented with fiat.

[jjacob]

Perhaps the elite will start using crypto to store their wealth.. 

When the Elite start using crypto for this purpose, they'll stop getting caught....but only if they use Monero, not Bitcoin.

Even if their names are mentioned in these papers, do you think they will get prosecuted, convicted and punished?
These people will find a way out.

[BellaBitBit]

These are interesting developments in Iceland.  Maybe something like this will turn more eyes towards Crypto.  Blockchains keep accurate records so they can't hide things like they can now.  Ironically there will be more transparency with various  cryptos and this is what people are demanding of their leaders.

[YarkoL]

There is no doubt that this will stimulate more interest
in crypto for those who are concerned about hiding their
wealth from the state.

It might also make it more difficult to operate crypto
openly in future, if the aims of crypto are totally at odds with
the aims of larger society.

It would be more beneficial to try to arrive into negotiation
with the authorities. Think if state departments had a public
BTC addresses and you could pay your taxes with
Bitcoin: then you could track how your funds are being used.

This in turn would pressure the governments to manage
taxpayers money more efficiently, which would take away the chief
excuse of tax evasion.

[Koadharber]

These are interesting developments in Iceland.  Maybe something like this will turn more eyes towards Crypto.  Blockchains keep accurate records so they can't hide things like they can now.  Ironically there will be more transparency with various  cryptos and this is what people are demanding of their leaders.

The block chain is just a record of money flow. We cannot link them to an entity owning the funds.

[LTEX]

Icelandic PM (and his parliament) on the verge of collapse!

http://ruv.is/frett/government-in-crisis-pm-meets-with-president

Word just came out PM requested to dissolve his Parliament. President is going to look at possibilities for new elections!

[NUFCrichard]

Icelandic PM (and his parliament) on the verge of collapse!

http://ruv.is/frett/government-in-crisis-pm-meets-with-president

Word just came out PM requested to dissolve his Parliament. President is going to look at possibilities for new elections!

Why has Iceland in particular got their panties in a bunch?  I know they had the worst of the global downturn, and they they probably have a lot of resentment left towards the banks/bankers, but was Iceland more involved in the Panama Papers stuff than any other country?

There is very little reason why this thread should be related to Auroracoin or even in the Alts section!

[LTEX]

Well, Iceland is the only country that has overthrown their entire government by putting out a strong voice of the people (yesterday almost 10% of the people came to protest) TWICE now!

Also it's the only country in the world that is in complete isolation due to their currency controls. And now it probably will become the first country in the world that is going to put a Pirate party in the gov seat. A party that already expressed it's embracement of Crypto currencies!

Any yes, Auroracoin happens to be the only crypto currency currently available to Icelanders (BTC is almost impossible to acquire due to the currency controls).

Adding up those things, I would say this is extremely relevant, both by watching Panama Papers standard and Altcoins discussion!

[LTEX]

[macsga]

This was unexpected!!!  

Well, it was unexpected by me to see three Icelandic politicians implicated. There's serious buzz about a possible snap election putting the Pirate Party in charge!  

Do you accept Greeks in Iceland?  

[LTEX]

This was unexpected!!!  

Well, it was unexpected by me to see three Icelandic politicians implicated. There's serious buzz about a possible snap election putting the Pirate Party in charge!  

Do you accept Greeks in Iceland?  

https://www.google.nl/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&ved=0ahUKEwjYmeSi5PfLAhXBJA8KHQJSAsUQFgg6MAQ&url=http%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fbusiness%2Fnews%2Fthree-charts-that-show-what-greece-can-learn-from-icelands-banking-crisis-10329085.html&usg=AFQjCNGmFiGTjkZSqvu9_Owv-G_6ZnKEVg&sig2=rZ1yA3SagLuc9zkWpq3bTQ

 

[LTEX]

And even Edward Snowden thinks this is relevant!:

https://twitter.com/Snowden?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

[LTEX]

Interesting read from last week before the turmoil started:

[alyssa85]

I agree, doesn't need to be just about Auroracoin, it's just what puts it into good perspective towards the influence it has on crypto. Auroracoin is extremely close to general adoption in Iceland, it just got a mayor push here thanks to those papers.

What do you mean by "extremely close"? Are retailers there accepting aurora? Landlords, mortgage companies? If no, it's not extremely close at all.

[LTEX]

I agree, doesn't need to be just about Auroracoin, it's just what puts it into good perspective towards the influence it has on crypto. Auroracoin is extremely close to general adoption in Iceland, it just got a mayor push here thanks to those papers.

What do you mean by "extremely close"? Are retailers there accepting aurora? Landlords, mortgage companies? If no, it's not extremely close at all.

Perhaps you should read the article above?