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timmmers
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August 23, 2013, 04:10:50 PM |
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What about this meth dealer buying a shitload of mining rigs, then setting up a lovely cloudhashing sideline? The fees would be clean money from clients. He could also BE his own fake clients or at least mine for himself. He could also set it up somewhere safe from interference in a country where the agencies likely to be on his case have no powers.
As for tracing BTC, go on then..someone tell me how much I have in my wallets or where it/they are? I doubt that will be easy.
I don't have the resources of law enforcement. If I did, I think the process would be trivial. Nor do they. Maybe in the case of some very large important criminal or terrorist they'd find the money to afford it, but as a routine everyday thing ...they can't afford to chase basic bank accounts and all the other places people hide money never mind bitcoins which they may not even have heard of and probably have very little knowledge of. Life isn't hollywood full of super cops backed by goth girls who can perform technical miracles in five minutes...it's fat 9 to 5 cops who cant find the hoody who nicked your bike most of the time. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Syke
Legendary
 Offline
Activity: 3878
Merit: 1193
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August 23, 2013, 04:16:08 PM |
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Even mining from pools may not be 'clean coins', think about GPUMAX run by our friend Trendon. You can never really tell where all the coins come from.
The only clean coins to be found are those solo mined and that requires ridiculous hash rate for less variance a.k.a. large investment.
Some pools do provide clean coins. I know at least p2pool does, and I'm sure there are some other pools that also mine blocks that pay out directly to the miners. And to keep this on-topic, will KnC's pool give out clean coins? |
Buy & Hold
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gkm22d
Newbie
Offline
Activity: 28
Merit: 0
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August 23, 2013, 04:27:58 PM |
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Nor do they. Maybe in the case of some very large important criminal or terrorist they'd find the money to afford it, but as a routine everyday thing ...they can't afford to chase basic bank accounts and all the other places people hide money never mind bitcoins which they may not even have heard of and probably have very little knowledge of.
Life isn't hollywood full of super cops backed by goth girls who can perform technical miracles in five minutes...it's fat 9 to 5 cops who cant find the hoody who nicked your bike most of the time.
But we were discussing money laundering, and the scale that I was talking about was $250000, which I think would maybe be enough to mobilize some significant resources. My point being, if you are doing something on the scale that you consider it "money laundering", then I think buying mining hardware is not going to help you any. |
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timmmers
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August 23, 2013, 04:33:59 PM |
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I think you're wrong, but I hope you're right...it would be a great excuse to interfere massively should something huge come to light. We don't need that.
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crumbs
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August 23, 2013, 04:38:11 PM |
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What about this meth dealer buying a shitload of mining rigs, then setting up a lovely cloudhashing sideline? The fees would be clean money from clients. He could also BE his own fake clients or at least mine for himself. He could also set it up somewhere safe from interference in a country where the agencies likely to be on his case have no powers.
As for tracing BTC, go on then..someone tell me how much I have in my wallets or where it/they are? I doubt that will be easy.
I don't have the resources of law enforcement. If I did, I think the process would be trivial. Nor do they. Maybe in the case of some very large important criminal or terrorist they'd find the money to afford it, but as a routine everyday thing ...they can't afford to chase basic bank accounts and all the other places people hide money never mind bitcoins which they may not even have heard of and probably have very little knowledge of. Life isn't hollywood full of super cops backed by goth girls who can perform technical miracles in five minutes...it's fat 9 to 5 cops who cant find the hoody who nicked your bike most of the time. The problem here is bitcoin's no longer obscure. It's been thrust into the spotlight by idiot children picking fights: "I'm an anarchist/tax dodger/money launderer/drug dealer, come at me, brah!" Once you've baited that 9-5 cop who can't find ur bike, start watching ur ass, 'cos fat cops do not forgive and do not forget  |
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Bitcoinorama
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August 23, 2013, 05:22:51 PM |
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What about this meth dealer buying a shitload of mining rigs, then setting up a lovely cloudhashing sideline? The fees would be clean money from clients. He could also BE his own fake clients or at least mine for himself. He could also set it up somewhere safe from interference in a country where the agencies likely to be on his case have no powers.
As for tracing BTC, go on then..someone tell me how much I have in my wallets or where it/they are? I doubt that will be easy.
I don't have the resources of law enforcement. If I did, I think the process would be trivial. Nor do they. Maybe in the case of some very large important criminal or terrorist they'd find the money to afford it, but as a routine everyday thing ...they can't afford to chase basic bank accounts and all the other places people hide money never mind bitcoins which they may not even have heard of and probably have very little knowledge of. Life isn't hollywood full of super cops backed by goth girls who can perform technical miracles in five minutes...it's fat 9 to 5 cops who cant find the hoody who nicked your bike most of the time. The problem here is bitcoin's no longer obscure. It's been thrust into the spotlight by idiot children picking fights: "I'm an anarchist/tax dodger/money launderer/drug dealer, come at me, brah!" Once you've baited that 9-5 cop who can't find ur bike, start watching ur ass, 'cos fat cops do not forgive and do not forget To be fair it's been thrust into the limelight due to irresponsible banksters and the corrupt European Central Bank stealing from Cypriot citizen's bank accounts, with savvy citizens transferring wealth into BTC as a monetary vehicle to avoid the money grab creating a media furore. |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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crumbs
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August 23, 2013, 05:59:28 PM |
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What about this meth dealer buying a shitload of mining rigs, then setting up a lovely cloudhashing sideline? The fees would be clean money from clients. He could also BE his own fake clients or at least mine for himself. He could also set it up somewhere safe from interference in a country where the agencies likely to be on his case have no powers.
As for tracing BTC, go on then..someone tell me how much I have in my wallets or where it/they are? I doubt that will be easy.
I don't have the resources of law enforcement. If I did, I think the process would be trivial. Nor do they. Maybe in the case of some very large important criminal or terrorist they'd find the money to afford it, but as a routine everyday thing ...they can't afford to chase basic bank accounts and all the other places people hide money never mind bitcoins which they may not even have heard of and probably have very little knowledge of. Life isn't hollywood full of super cops backed by goth girls who can perform technical miracles in five minutes...it's fat 9 to 5 cops who cant find the hoody who nicked your bike most of the time. The problem here is bitcoin's no longer obscure. It's been thrust into the spotlight by idiot children picking fights: "I'm an anarchist/tax dodger/money launderer/drug dealer, come at me, brah!" Once you've baited that 9-5 cop who can't find ur bike, start watching ur ass, 'cos fat cops do not forgive and do not forget To be fair it's been thrust into the limelight due to irresponsible banksters and the corrupt European Central Bank stealing from Cypriot citizen's bank accounts, with savvy citizens transferring wealth into BTC as a monetary vehicle to avoid the money grab creating a media furore. So the bubble was caused by the people wising up to Cyprus financial crisis? The fact that the price has more than halved since then should suggest, inversely, that people have regained their faith in fiat? If you must divine causation from loose correlation, at least be consistent. |
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FeedbackLoop
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August 23, 2013, 06:02:08 PM |
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What about this meth dealer buying a shitload of mining rigs, then setting up a lovely cloudhashing sideline? The fees would be clean money from clients. He could also BE his own fake clients or at least mine for himself. He could also set it up somewhere safe from interference in a country where the agencies likely to be on his case have no powers.
As for tracing BTC, go on then..someone tell me how much I have in my wallets or where it/they are? I doubt that will be easy.
I don't have the resources of law enforcement. If I did, I think the process would be trivial. Nor do they. Maybe in the case of some very large important criminal or terrorist they'd find the money to afford it, but as a routine everyday thing ...they can't afford to chase basic bank accounts and all the other places people hide money never mind bitcoins which they may not even have heard of and probably have very little knowledge of. Life isn't hollywood full of super cops backed by goth girls who can perform technical miracles in five minutes...it's fat 9 to 5 cops who cant find the hoody who nicked your bike most of the time. The problem here is bitcoin's no longer obscure. It's been thrust into the spotlight by idiot children picking fights: "I'm an anarchist/tax dodger/money launderer/drug dealer, come at me, brah!" Once you've baited that 9-5 cop who can't find ur bike, start watching ur ass, 'cos fat cops do not forgive and do not forget To be fair it's been thrust into the limelight due to irresponsible banksters and the corrupt European Central Bank stealing from Cypriot citizen's bank accounts, with savvy citizens transferring wealth into BTC as a monetary vehicle to avoid the money grab creating a media furore. The ECB is not stealing from Cypriot citizens, it's stealing from everyone who has net savings in euros (and from anyone trying to save to buy a home) in favour of the banks. The other theft, the deposit confiscation (also in favour of the banks), was the cypriot government. Personally I wouldn't know about Bitcoin if it wasn't for my forced awareness of the massive moral deficit in the present monetary system. I do believe there is a correlation but the Cyprus effect is totally overblown. Guys, please move this conversation to another thread/forum? |
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ASIC-K
Sr. Member
Offline
Activity: 280
Merit: 250
Hell?
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August 23, 2013, 06:03:44 PM |
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whoa, lets bring this thread back to KNC stuff
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DPoS
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August 23, 2013, 06:40:03 PM |
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Glad one part of my two answers got some good debate going. The laundering was a throw in to first point of buying miners with credit cards since bitcoins via cc's is pretty much null. also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades  |
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FeedbackLoop
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August 23, 2013, 06:59:47 PM |
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also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades What cash back? What intro's? |
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arousedrhino
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August 23, 2013, 07:10:21 PM |
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also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades What cash back? What intro's? From your credit card company with my card I get 1% back on all transactions. 3% on gas. |
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DPoS
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August 23, 2013, 07:40:03 PM |
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also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades What cash back? What intro's? From your credit card company with my card I get 1% back on all transactions. 3% on gas. yes and the intro is a year of 0% on all purchases |
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CYPER
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August 23, 2013, 09:57:22 PM |
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Glad one part of my two answers got some good debate going. The laundering was a throw in to first point of buying miners with credit cards since bitcoins via cc's is pretty much null. also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades USA based? |
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DPoS
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August 23, 2013, 10:31:11 PM |
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Glad one part of my two answers got some good debate going. The laundering was a throw in to first point of buying miners with credit cards since bitcoins via cc's is pretty much null. also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades USA based? yup |
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CYPER
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August 23, 2013, 10:35:41 PM |
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Glad one part of my two answers got some good debate going. The laundering was a throw in to first point of buying miners with credit cards since bitcoins via cc's is pretty much null. also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades USA based? yup Just curious - I assume you pay VAT. What about any other import duties or taxes? Basically for a $6999 Jupiter how much will the final costs be including delivery and all taxes + VAT? |
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Bitcoinorama
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August 23, 2013, 10:46:40 PM |
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Glad one part of my two answers got some good debate going. The laundering was a throw in to first point of buying miners with credit cards since bitcoins via cc's is pretty much null. also, with 0% intro's and 1% cash back I already have ~$150 ROI on my two Saturns>Jupiters upgrades USA based? yup Just curious - I assume you pay VAT. What about any other import duties or taxes? Basically for a $6999 Jupiter how much will the final costs be including delivery and all taxes + VAT? They don't have VAT in the U.S. They do have a sales tax in most States, although it's not consistent. That generally bounces between 5% and 10%. There maybe an import duty of some kind? According to this, I guess if it's classed as computer hardware, it's duty free, with a $25 merchandising fee; http://www.dutycalculator.com/new-import-duty-and-tax-calculation/ |
Make my day! Say thanks if you found me helpful BTC Address ---> 1487ThaKjezGA6SiE8fvGcxbgJJu6XWtZp |
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-Redacted-
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August 23, 2013, 10:48:47 PM |
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I've been told to expect UPS to collect some import duties when they deliver the machines. Don't know how much....
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-Redacted-
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August 23, 2013, 10:56:05 PM |
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So it looks like about $25 per unit, plus some unknown amount of UPS fee: UPS charges include: a disbursement fee of minimum $5, a transportation handling fee and a pre-release notification fee for import shipment |
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