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Author Topic: 2013-05-01 Mish Shedlock - Is Bitcoin a Money Laundering Machine?  (Read 890 times)
ChuckSteinmetz (OP)
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May 01, 2013, 12:48:12 PM
 #1

http://globaleconomicanalysis.blogspot.com/2013/05/canada-goes-after-bitcoin-saskatoon.html

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If you think the anonymity of bitcoin will hide what you are doing, you probably better think twice. And the more popular bitcoin gets, the more government will be asking questions.

If bitcoin gets big enough, governments will do far more than ask questions, they will demand an accounting of every transaction, where the money went, and whether taxes were properly paid.

Mish seems to be getting a bit hostile, I'm beginning to wonder about him.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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cypherdoc
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May 01, 2013, 07:12:24 PM
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i've been a Mish follower for years.

too bad he doesn't understand Bitcoin.  he's a paid advertiser for GoldMoney.

Bitcoin confuses even the best.
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