Not all educated are educated.

[dunfida]

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.

Yes, it's true, in the fiat system there are more money laundering activities, but they scapegoat Bitcoin for illegal actions. But I have a prediction that the fiat money system will sooner or later collapse and a new financial system will be born, and I think that system will be blockchain. I'm not sure they will adopt bitcoin but they will use a blockchain system like bitcoin.

The government always demands KYC, that's why they banned mixers. Because when they can't track someone's wealth then they can't collect taxes

Bitcoin has only been around for 14 years, while crime, money laundering and smuggling have existed for hundreds of years. The government just wants to get rid of bitcoin, but it's so perfect that they have no other reason to disparage it, other than to associate it with anything they can think of.

The old monetary system will soon be replaced by a new monetary system, that is almost certain. But whether they adopt blockchain or any other technology, they will still be centralized and the government will still be in control . So whether the monetary system collapses or not, centralization still exists.

Yes, the only thing that can be used to slander Bitcoin is to accuse Bitcoin of being often used as a money laundering tool because of Bitcoin's anonymous nature.

In a country's finances, decentralization is dangerous because the government cannot control the finances circulating in society. The government needs to exercise financial control to maintain financial stability, prices of goods and the circulation of money in society. Too much money will make the price of goods rise, too little money will reduce purchasing power. Usually the country will issue policies by increasing interest rates or lowering interest rates to regulate money circulation.

A country's financial and economic system is very complicated, I also want the concept of decentralization but on the one hand it can be dangerous because there is no financial control, choosing the wrong policy can have fatal consequences.

But even if they slander and defame it, they cannot stop the development of bitcoin , cannot stop people from using it. So I believe it's just a matter of time before they accept it . I remember many years ago, most countries were hostile towards bitcoin , but in recent years,many countries are gradually becoming friendly and accepting bitcoin to a certain extent. In the near future , it is inevitable that the whole world will accept and legalize bitcoin.

I don't expect governments to be able to use bitcoin to replace the current monetary system , but I do think that bitcoin and currency will be able to exist side by side, and bitcoin is an alternative.

There's nothing they can do in speaking about its further development and recognition by the masses. It would really be just coming into a time that awareness would really be that in global scale and they cant really be able to stop it. They could really be that able to throw into those issues or whatsoever things that they could do with Bitcoin on which they cant really be able to stop people on dealing with it and this is one of the
best thing on which its something that can be controlled knowing that Government doesnt really like on things which are decentralized. They would really be always having to say and could make out issues
as they do like or want.

People who are aware or does know about the truth would really be just simply ignoring with these things on which it would really be that so understandable that you would really be that
knowing on what they are really just trying to picture or want really to show on when it comes to those kind of exposure specially on negative ones. Yes, it could bring out that kind of false information
and impression to those newbies but sooner or later on which if the truth would be known then people would really be just normally be switching up
and there's no stopping with that kind of situation.

[Forever101]

To some extent , I agree with you but here is my argument,it is possible and 100% sure to track money laundering in banks, however, it is impossible to trace mixed crypto after mixing. And I think they have had enough problem through that mixing of a thing before taking such step. As we, who are educated on bitcoins focused on the acceptance and usage of bitcoins. Other focus on its potential danger to human and the earth. We shouldn't be surprised when we have people not taking side with us, this check and balance help our world become a better place if it is done with the right mind

Mixer is good on its own if not for wicked people using it for bad purpose

[mvdheuvel1983]

If you look at this closely, you would see that Swan is not the problem. First they are a bitcoin-only company so they cannot possible be against bitcoin the reason for their directive is just in compliance with the banking partners internal policies which they have no control over whatsoever. To avoid getting your account backlisted if you have an account with them, any you want to deposit directly from or withdraw directly simply do a couple hops before you do this. You send it from one Bitcoin address to another and you do that maybe two three four times and then do the mixing if that's what you want to do. That way, Swan can't shut down your account.

[Z-tight]

Mixer is good on its own if not for wicked people using it for bad purpose

There are a lot of tools that 'wicked' people use, including the internet, but you don't see the government seriously going after tools such as that, there is only one way i see all of this, and that's that it is an attack against BTC fungibility. Take note that BTC uses a public and transparent ledger, so that makes life very hard for money launderers, and the sum of money they launder is going to be difficult to trade in a p2p exchange, so most likely they will have to use a centralized exchange to convert their funds which attracts more problems, to avoid this, they'll just use other options like fiat.

[gunhell16]

Honestly, I'm wondering which mentioned made the title in relation to the topic at hand here. Is the title relevant to what
we're talking about here?

Does the creator of this topic mean that the uneducated are bankers and the educated are mixers? Then those in the regulated sector are like that, if you think about it most of the time, to be honest. They only see downsides—the ones where you think their thoughts are so perfect, but the truth is they are not. Because their brains are closed, it is unacceptable that more and more people are discovering that mixers are better at hiding individual data privacy. Also, the Fiat in the bank is also used for money laundering, so I hope others don't worry about it.

[TelolettOm]

...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.

Haters will always hate whatever they hate, for whatever reason they have to hate it. And they actually have their own reasons that are sometimes difficult to accept, and often they end in problems related to money and business. When we explain how good and ideal Bitcoin is, for those people who feel disadvantaged by Bitcoin and also don't like Bitcoin will always deny this, and will always look for reasons to continue spreading negative news about Bitcoin. So, no matter how hard we try to explain it, for those who really have their own hidden interests and strong reasons, it will have no effect.

So, don't let us be fooled by various wrong or random information from the Bitcoin haters who have existed so far. because we alone have received various benefits from Bitcoin, right? We already feel it and it really has a positive impact on our lives. After all, is there really something that is 100% perfect and without any loopholes or risks?

[blue Snow]

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 agree with you. Many people out there judge Bitcoin and crypto affiliates are used for illegal activity, but in fact, fiat and affiliates are most used for that. For me, it all depends on whom, Whatever something if it is in the right hands, will definitely be useful. As we know, a knife is very useful to cook, or (our wife, or mother) cutting vegetables in the kitchen, but if not in the right hands, a knife it would be a very dangerous thing, that will be used to commit crimes, such as robbing and kill someone.

So, it's not the main reason to judge Bitcoin and friends because is used for illegal activity, because the harm to others is even greater.

[arabspaceship123]

You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.

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.

[tbct_mt2]

You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.

If cryptocurrencies are better tools for criminals to do their money laundering from technical aspect to regulatory aspect, they will choose cryptocurrencies. If regulations become stricter against money laundering (AML) through cryptocurrencies, criminals will find other ways and one of them is returning to fiat currencies like they did before blockchains, Bitcoin and cryptocurrencies were created.

Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges.

[barisbilgili]

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 agree with you. Many people out there judge Bitcoin and crypto affiliates are used for illegal activity, but in fact, fiat and affiliates are most used for that. For me, it all depends on whom, Whatever something if it is in the right hands, will definitely be useful. As we know, a knife is very useful to cook, or (our wife, or mother) cutting vegetables in the kitchen, but if not in the right hands, a knife it would be a very dangerous thing, that will be used to commit crimes, such as robbing and kill someone.

So, it's not the main reason to judge Bitcoin and friends because is used for illegal activity, because the harm to others is even greater.

Those who abuse it certainly want the crimes they commit to run smoothly so that people will not easily judge that what they are doing is not good for themselves and others and if the person who uses it is for good purposes, of course that person will not be able to harm other people and even them. can help people to gain profits from investing or trading so that they can increase their income.

I agree with you, this will really depend on whether they use it for good or bad and we cannot easily remove this from the minds of people who think badly about Bitcoin.

[arabspaceship123]

It doesn't matter how much a govt tries they won't be able to stop laundering but it looks like America's going to bring regulation for crypto exchanges. It means AML's going to be forced on ppl if their regulation succeeds. They'll make regulated exchanges legal so if your using a decentralised exchange you'll be breaking the law.

Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges.

[GreatArkansas]

(....)
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.

Sad reality. This is why Bitcoin has a lot of haters especially people in the governments or banks because they know that it is really anti to them.
This is the biggest debate at all, the fiat versus Bitcoin where both are being used by criminals or scammers. There are even lot of frauds in fiat than Bitcoin but why they are really into Bitcoin.

[Promocodeudo]

OP, if am to understand what you said, I think you mean that some people to know more of Bitcoin and it's doing but in really sense they don't know much as they think, OP, I just understand that all this name given to Bitcoin, is to tarnish it's reputable existence, although bitcoin mixers are not legit because of the process, but I have to tell us that, the government has been looking for a means to down trend bitcoin because their perceived danger, Bitcoin haters should concentrate on their part of business, their has been war in different part of the world, are they trying to tell us that the process of mixing is used for laundering of money for the purchase of weapon, to me, fiat has done more harm than Bitcoin, I see this unfolding events as a calculated attempt to undo bitcoin.

[goldkingcoiner]

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.

For most of us, watching the governments struggle against Bitcoin and fail repeatedly was a historical experience. It really highlights how unstoppable and incorruptible Bitcoin is. The corrupt are panicking because there is nobody to threaten, nobody to bribe and nobody to blame. Satoshi Nakamoto did good in hiding his identity, otherwise he would have spent his life going from courtroom to courtroom before the government even let him see the inside of a prison cell. I mean can you imagine how much the money printers (the government) must hate the founder of Bitcoin?

[Taskford]

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.

For most of us, watching the governments struggle against Bitcoin and fail repeatedly was a historical experience. It really highlights how unstoppable and incorruptible Bitcoin is. The corrupt are panicking because there is nobody to threaten, nobody to bribe and nobody to blame. Satoshi Nakamoto did good in hiding his identity, otherwise he would have spent his life going from courtroom to courtroom before the government even let him see the inside of a prison cell. I mean can you imagine how much the money printers (the government) must hate the founder of Bitcoin?

Bitcoin is really a huge threat for them knowing that they can't control any transaction happened nor can do anything on their advantage, that's why they usually do some nasty campaigns just to try giving bad shade and have bad impression to the people who use it. But they struggle to make that happen and they fail multiple times that's why some of those officials directly ban it since they can't do anything with this coin.

Satoshi is really great for making his self as part of mystery since as you said if he's identity would be shown for sure he will get a lot of struggle since government will go after him. But since he's still unseen by any public eye then we can conclude that he's still doing good and might he will remain like this forever. Also even if they hate about the existence of bitcoin they can't do anything with it since it became famous now the only thing they can do is to adopt or be outdated so that they can be relevant on evolution of financing in future.

[Tony116]

You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.

If cryptocurrencies are better tools for criminals to do their money laundering from technical aspect to regulatory aspect, they will choose cryptocurrencies. If regulations become stricter against money laundering (AML) through cryptocurrencies, criminals will find other ways and one of them is returning to fiat currencies like they did before blockchains, Bitcoin and cryptocurrencies were created.

Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges.

Before the emergence of cryptocurrencies and blockchain, governments also failed to prevent criminals from using fiat currencies and banks. So even if they introduce thousands of regulations or millions of regulations for cryptocurrencies, they still cannot stop crime. Furthermore, although criminals are turning to cryptocurrencies for their criminal activities, not all are using cryptocurrencies, only a small portion, and the majority are still using fiat currencies and banking. But the government never mentioned it. Shows that they are only deliberately trying to defame cryptocurrency, using it as an excuse to oppress us.

[Blitzboy]

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.

For most of us, watching the governments struggle against Bitcoin and fail repeatedly was a historical experience. It really highlights how unstoppable and incorruptible Bitcoin is. The corrupt are panicking because there is nobody to threaten, nobody to bribe and nobody to blame. Satoshi Nakamoto did good in hiding his identity, otherwise he would have spent his life going from courtroom to courtroom before the government even let him see the inside of a prison cell. I mean can you imagine how much the money printers (the government) must hate the founder of Bitcoin?

Bitcoin is really a huge threat for them knowing that they can't control any transaction happened nor can do anything on their advantage, that's why they usually do some nasty campaigns just to try giving bad shade and have bad impression to the people who use it. But they struggle to make that happen and they fail multiple times that's why some of those officials directly ban it since they can't do anything with this coin.

Satoshi is really great for making his self as part of mystery since as you said if he's identity would be shown for sure he will get a lot of struggle since government will go after him. But since he's still unseen by any public eye then we can conclude that he's still doing good and might he will remain like this forever. Also even if they hate about the existence of bitcoin they can't do anything with it since it became famous now the only thing they can do is to adopt or be outdated so that they can be relevant on evolution of financing in future.

Bitcoin, indeed, disrupts traditional power dynamics in finance. Satoshi's anonymity? Genius! Its not just about evading the spotlight; its a statement - decentralization in its truest form. Governments trying to ban Bitcoin? Classic fear response to the unfamiliar. Bitcoin thrives on resistance; its like a hydra, you cut off one head (ban it in one place), it grows two more elsewhere.

The future of finance isnt just about adopting Bitcoin; its about adapting to its philosophy. Transparency, autonomy, decentralization - these arent just buzzwords; they're the new pillars of a financial revolution. And Satoshi? Hes the masked hero of this story, his identity hidden, but his impact undeniable. Bitcoin isnt just a currency; its a movement, and its momentum is unstoppable

[arabspaceship123]

If you're saying it's ppl who commit crimes you're right they shouldn't do it or use mixers to hide their crimes. If your govt tells ppl they can't use cryptos unless it's with a regulated exchange what's your action. If they say you can't use a decentralised exchange because it's illegal would you use a mixer?

Mixer is good on its own if not for wicked people using it for bad purpose

[rat03gopoh]

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 think they'll continue to make bitcoin the scapegoat in every case of crime/illegal because bitcoin is a perfect entity conceptually allowing such activities. But implicitly they want to protect banks against bad accusations(or at least reduce it), then they can return to conventional ways (banking) to carrying out such activities with new "supporting" policies.

[AnonBitCoiner]

It is their will to criticise Bitcoins. For them Bitcoins are like illegal assets which are used by terrorists or bad people for bad purpose. But they are forgetting that, the asset is not illegal, but the mindset of these people are. If terrorist and bad people want to do bad things, then they can use any source of medium for it. Regarding global warming, it’s just baseless to tell that Bitcoin minings are causing this. They need to grow up.

Those who has to do illegal work will never think about the agent that is it bitcoin or not because if there is no bitcoin then perhaps they use another way. People who become addicted never want to leave illegal activities so its not the fault of bitcoin but actually it is the fault of those people who make negative use of it instead of positive one.

It is also necessary that government should take some steps towards such individuals because if they can stop the use of bitcoin in a country then how they cannot stop their citizens to do so? Remember that a medium is not bad always but the people who are using it negatively are bad because due to negative use by the people the positivity of bitcoin remains hidden so there should be strict rules against individuals who are doing illegal activities.