Not all educated are educated.

[_act_]

Why?

This:

Bitcoin services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks.

And this:

Pritzker stated that the current political climate has put a lot of fear into the banking sector, with most banks simply refusing to do business with anything in crypto. Thus, for them to continue their Bitcoin on-ramp services, their custody partner has to interact with banking services governed by FinCEN regulations.

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

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[dzungmobile]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

It is their narrative to attack Bitcoin and cryptocurrencies. You can not change that because they work under government laws and regulations and they easily follow request from governments and central banks.

https://bitcoincleanup.com/
https://endthefud.org/energy
Debunking the "Bitcoin is an environmental disaster" argument

Above are resources for people in Bitcointalk to debunk those attacks. Those resources are not for governments and central banks, they don't need such.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing.

Fiat currencies are used for money laundering more than Bitcoin and cryptocurrencies. Again it is another narrative attack from Bitcoin & cryptocurrencies including crypto mixers.

More information is available in Crypto Crime Report 2023. You can download it for reading.

Out if the most fiats used for illegal activities, only little do the government and regulators know about.

I am not sure about that. Do you have any data or report to support this saying?

[Don Pedro Dinero]

Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.

[Nwada001]

The topic title, do you mean not all educated are educated, or your write-up, not all educated are not educated? I read the below meaning to the first one, which I think is perfect for the title, "Not everyone who is educated throughly understands things are they are meant to be?"
 
In the aspect of the government always blaming bitcoin and other currencies for crime and money laundering is just all that they could do. We all know that even before bitcoin, there had been illegal dealing in any form of activity, and the government can't deny that. And with the said money laundering, we can also see that the major money launderers are those who are in charge of shell accounts, which they are allowed to send large amounts of money across to any part of the world without being questioned.
 
How much is being spent on illegal purchases of arms and other sorts of illegal activities like terrorism drugs? When you talk about this amount, we can see that it's nearly impossible for crypto or bitcoin alone to be used to execute such deals. There is no doubt that many criminal organisations are using bitcoin for their illegal activities, but the numbers are few compared to what's happening in the financial and banking systems, which they all know about, and yet they need a reason to attack bitcoin by all means.

[Ruttoshi]

Illegal activities has been existing since, even before I was born, so I don't see any reason why the government are giving excuses for bitcoin users not to use the mixing service. I think that this is another way that they think they can use to deprive bitcoiners from their private life.

The government just hate the people can use bitcoin for whatever they want to buy without them being able to trace the transactions, which I think that this is the main reason that they are against any form of privacy that you can get from bitcoin and they are not happy that bitcoin gives financial freedom to its users. This is the reason why bitcoin should be used the way it was designed, by using a decentralized exchange and a noncustodial wallet. I believe this is the reason why Bitcoin ETF will be approved so that they can know more about the bitcoin owners that bought from ETF

[Z-tight]

This is another way LE are targeting BTC and its privacy tools and trying to deceive people into not using them, privacy tools like CoinJoin implementations and mixers are very important for a BTC user, and i am glad that despite the fact that Swan BTC don't want their customers' to interact with their service using mixed funds, at least they are open about everything and they are not trying to paint mixing as being bad:

Swan co-founder Yan Pritzker said the firm is pro-privacy and doesn’t oppose customers’ use of such services, but to work, it has to follow FinCEN regulations.

LE are not fighting money laundering or illicit funds with all of these regulations, because BTC is not the main tool used by fraudsters for money laundering, LE are doing this because they want to have 'eyes' on your money, they want to be able to link addresses and tell which belongs to who, they want to attack BTC fungibility by calling some coins 'tainted', this is their primary goal and not to fight money laundering.

[DeathAngel]

These companies will continue to bend the knee to regulatory pressures, otherwise they won’t be permitted to do business in said countries. Don’t be surprised at anything they comply with after being told so by their masters.

[bitmover]

Why?

This:

Bitcoin services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks.

This is so harsh.

However,  we all should make a few hops (or at least one) after interacting with a mixer, before sending to a centralized exchange. This should keep you out of this kind of trouble

One more reason never to leave any money in any exchange.

[franky1]

LE are not fighting money laundering or illicit funds with all of these regulations, because BTC is not the main tool used by fraudsters for money laundering, LE are doing this because they want to have 'eyes' on your money, they want to be able to link addresses and tell which belongs to who, they want to attack BTC fungibility by calling some coins 'tainted', this is their primary goal and not to fight money laundering.

services flagging deposits due to taint of mixing.. is not due to LE watching that transaction taint. its due to the service watching.
those services then have to do internal investigations to see if it reaches a threshold of suspicion to then report it to LE
not all transactions get seen by LE
LE does not watch everything. they just get the juicy reports of activities that reach a certain level of suspicion

its these services that dont want the headaches of watching, investigating and reporting. because if they make a mistake they can be fined..
receiving funds. which they do no due diligence on. and dont report any suspicious risk, makes the service liable/associated with proceeds of a crime..
so most prefer to just avoid payment methods which can result in more workload/fines for them

when we see mixer affiliates just shout "everyone should use mixers" that is not advice. thats advertising. and its advertising of things that cause more headaches and more negativity for users and services

what operators of "mixers" should do is rebrand. change their code, change the methodology and be smart of offering a service that does not advertise itself as something that is regulatorally listed as suspicious. end result for users is they get funds with different taint (sale goal) but advertised, described and functionally different to what regulations describe
then services wont flag it and wont report it and the world is a better place

[hugeblack]

I wonder what their definition of mixers is and how they will determine that you used a mixer. We are not talking about CoinJoin or services that leave a fingerprint, but rather third-party applications that manage thousands of Bitcoins and mix customer funds using algorithms. Suppose they recognized that the currencies were mixed, what is the difference? I can understand that a source of income is requested, but the source of currencies is an acknowledgment of the existence of clean and dirty currencies, and if this concept continues, it is the end of any currency.

[Odohu]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

This is one of the funniest thing I have ever read. I don't know if the more educated these scientist get, the more stupid they become.  The heavy industries in China, the open gas flaring in Nigeria and the various coal and nuclear powered turbines do not cause global warming bit Bitcoin mining farm? These guys are really making mockery of science just the way they did during covid19.  

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

I have always known it will come the point where governments will conjure all manner of theories and hypothesis to be fully in charge of Bitcoin and all that has to do with it. Mixers actually make this impossible, hence their outburst against mixers.
Before the advent of Bitcoin and tumblers, terrorism have always been financed through the conventional payment systems, NGOs, charity and religious organisations and others. Linking Bitcoin to terror financing is just a case of "giving a dog a bad name in other to kill it"

[avikz]

I have a very simple explanation for OP. You go to your neighbors house and rob all money from him, it's a crime. Now IRS goes to your neighbor's house and took all money from him complaining that he is a tax defaulter. For your neighbor, he lost all his money. But the situation changes on who has robbed him! So if anything is done by the government, it's never illegal because they setup the law.

So you will always have such issues with the banking system. Banks will try to freeze your account for any reason. banks very well understand that cryptocurrency is a system that can put their existence at risk. So Banks will fight back, they will do things not favorable for crypto users. And it is not limited to any country, rather it's an international issue.

[Die_empty]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

I don't know the kind of education OP is referring to, but I guess it is conventional education from schools. Attending a school does not guarantee education because an educated man should have an open mind to reason and read about issues before making conclusions. So it is true that many people who go to school are not educated because they fail to use their minds.  People fail to know that most information they get from some news channels is designed by the government and other organisations to control their thinking. And many people are too lazy to research to validate if this information is true or fake.  

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

African leaders are arguably the most corrupt in the world in terms of stealing from the commonwealth and impoverishing the people. Most of these funds stolen from these nations by politicians are laundered to foreign banks. Recently some of the money stolen by these corrupt politicians was discovered and gradually repatriated to my country. None of these funds are in Bitcoin, in fact, most of them are in some of the leading currencies of the world. My country has not discovered any money laundering carried out using bitcoin. Attacking bitcoin because of illegal activities is the only excuse the government has and sadly some educated illiterates are digesting this misinformation.

There are many good people who use mixers for the sake of privacy, making laws such as these FinCEN regulations is like assuming that everybody who uses mixers is a criminal. The government have not prohibited the use of fiat because it is used for money laundering because it is within their control.         

[Majestic-milf]

This is one of the funniest thing I have ever read. I don't know if the more educated these scientist get, the more stupid they become.  The heavy industries in China, the open gas flaring in Nigeria and the various coal and nuclear powered turbines do not cause global warming bit Bitcoin mining farm? These guys are really making mockery of science just the way they did during COVID-19

It's something worth laughing over because on a daily these guys are finding new ways to appear comical to the public. First, they tried attacking Bitcoin by labeling it a scam currency and having no value just to dissuade users and since that did not get the effect they thought it would, they come up with this lame excuse of Bitcoin mining causing global warming? I expected better from them but what did I expect from people who would go to any length just to ensure they control everything.
 These financial institutions have overtime aided in misusing funds of the public but the government turns a blind eye because they are the masterminds behind it and will fight to ensure that nothing hinders them from that access and will  make sure they suppress anything (in this case, Bitcoin) that tries to make them look irrelevant and there's no better way to do that than to choke it's existence with rules and regulations.

[Youngkhngdiddy]

I have a very simple explanation for OP. You go to your neighbors house and rob all money from him, it's a crime. Now IRS goes to your neighbor's house and took all money from him complaining that he is a tax defaulter. For your neighbor, he lost all his money. But the situation changes on who has robbed him! So if anything is done by the government, it's never illegal because they setup the law.

So you will always have such issues with the banking system. Banks will try to freeze your account for any reason. banks very well understand that cryptocurrency is a system that can put their existence at risk. So Banks will fight back, they will do things not favorable for crypto users. And it is not limited to any country, rather it's an international issue.

  The government see bitcoin as a threat to the system because they can’t control it, the decentralization of bitcoin, will ease the so much burden the system as place on the people, are afraid of losing the control they have on individuals. Even the the World Bank themselves gave the excuse of:
Transparency … what a load of bull. The fact that every transaction and every wallet is viewable by anyone looking at the Bitcoin blockchain means “transparency” is a LOT better than using dollars.
Environmental impact … again, what a load of bull. Even now, more than 70% of Bitcoin mining is already using renewable sources of electricity. Not to be “green”, but because the cost of fossil fuel is getting so high. This is climbing, since China banned Bitcoin mining in their cheap, government sponsored, coal burning regions.
All excuses. Extremely easy to see the lie.
   The real reason they just don’t want to: If they accept BTC as a world currency, all those crappy Fiat stuff will soon lose value due to this alternative. Every country in the world would immediately need to also accept BTC as a normal trading currency. And thus every country in the world would see their own currencies compete against BTC. Which in turn means there’s no more barriers to stop their currencies going into free-fall hyperinflation. I.e. the real reason is FEAR. Period. All else is simply excuses to try and save face.

[DaNNy001]

The topic title, do you mean not all educated are educated, or your write-up, not all educated are not educated? I read the below meaning to the first one, which I think is perfect for the title, "Not everyone who is educated throughly understands things are they are meant to be?"
 
In the aspect of the government always blaming bitcoin and other currencies for crime and money laundering is just all that they could do. We all know that even before bitcoin, there had been illegal dealing in any form of activity, and the government can't deny that. And with the said money laundering, we can also see that the major money launderers are those who are in charge of shell accounts, which they are allowed to send large amounts of money across to any part of the world without being questioned.
 
How much is being spent on illegal purchases of arms and other sorts of illegal activities like terrorism drugs? When you talk about this amount, we can see that it's nearly impossible for crypto or bitcoin alone to be used to execute such deals. There is no doubt that many criminal organisations are using bitcoin for their illegal activities, but the numbers are few compared to what's happening in the financial and banking systems, which they all know about, and yet they need a reason to attack bitcoin by all means.

Well what do you expect them to do? I mean since you can't beat them and join, then they actually results to only one possible means which is to actually paint the image of Bitcoin as a viable and most used means of money laundering. They have totally forgotten all the money that is been syphoned from their bank account, I mean the banking system has been the perfect means of moving funds over the long years and they deem it fit to paint it black now that Bitcoin is being used for same purpose but they forget every good project must have some downside which is just the normal base of life .

[TheUltraElite]

These type of notions are always propagated because this is what the public wants to hear. For the common public bitcoin is like a hackers money, terrorists funds and hence gets all the adjectives that are synonymous with "BAD" - so when someone says that the mining causes pollution, they always create buzz on that.

Since they hate crypto so much, anything bad in crypto makes them feel wet between the thighs and always promote that too.

How I view this is that let them do so, my ideals are clear and I will accumulate bitcoin for its price rise in future. The less they get into bitcoin the better for me because then I will have so many people to dump on.

The only bad thing about this is that it slows down the progress and acceptance. But we will have to bear through that.

[Hewlet]

Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. e part of the system.

That's what they are known for. They don't like it when a system can function independently of their ideology and so will do everything possible within their power to ensure that they either bring it down or succeed in making it a part of their self-centered system. That's why they will rather support the concept of CBDC and banks that they can control and dictate affairs for and will do anything possible to ensure that Bitcoin is not generally acceptable by the majority of the society. The funny thing is that most of the leaders of the  countries that see so many bad thing associated with bitcoin mining and will never accept it in there country are the same people that will steal public funds and convert it to coins so that the financial crime enforcement agency won't be able to trace those money.

[pawanjain]

Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.

Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.

That is true. People don't acknowledge the fact that illegal activities like money lanudering is being carried out since a long time.
It has been happening before bitcoin and after bitcoin but people are only focusing on bitcoin and it's bad uses.
They aren't seeing the positive sides of bitcoin and illicit sides of fiat and this is mostly because of news and media.
They have portrayed bitcoin like this to the world and people are blindly believing these news anchors.

[JunaidAzizi]

Everything is clear and I know everyone knows that the government is focusing more and more on opposing Bitcoin. Before the invention of Bitcoin there was fiat currency and illegal activities were also done at that time, criminal and funding to them are done in fiat currency but the government blamed Bitcoin for all this. There were may be some illegal activities done in the past and was very minor but the government do not make it a base that is fully involved in illegal activities. The biggest fear of the government is that people are going out of their control because due to bank and fiat currency, they bound people but thanks to Satoshi he made independence from this system and now the government is trying to make Bitcoin centralized or make it notorious so that people will leave it.