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Silberman
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November 17, 2023, 10:12:04 PM
 #81

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
We will have to wait and see, obviously I support bitcoin but like any revolutionary invention it is bound to affect the interests of different parties that are not going to let go of their privileges just because a new technology has emerged, and it just happens that bitcoin affects two of the most powerful entities around the world, governments and banks, so you can be sure they will put their utmost effort to stop the bitcoin revolution or at least do what they can to sidetrack it.
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November 17, 2023, 10:24:10 PM
 #82

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.

They are against mixers because the mixers are known to increase privacy of the coins and they don't want the coins to have high privacy. They mostly favor the centralized exchanges because those exchanges share user details with them and that's will help them to speculate those users.

Fiat is more likely to be used for illegal activities than Bitcoin or any other crypto-currency because fiat is available in digital form as well and can be transferred to anyone without any question.

Fiat is also available in physical form and people tend to do more illegal activities with fiat in physical form which we call as cash, and fortunately Bitcoin isn't a physical thing and that's good for everyone.

It's a fact that completely halt down of Bitcoin and other crypto-currencies won't stop the people from doing their illegal activities. Those people will do their illegal activities even without Bitcoin and they have been doing such illegal activities for so many centuries when even Bitcoin wasn't there.

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TheUltraElite
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November 21, 2023, 04:53:21 PM
 #83

and it just happens that bitcoin affects two of the most powerful entities around the world, governments and banks, so you can be sure they will put their utmost effort to stop the bitcoin revolution or at least do what they can to sidetrack it.
Banks are using blockchain technology for many of their services already. They may not show their support for bitcoin, but individual bankers are personally storing bitcoin in their wallets. You can be sure that those who say bad about bitcoin are actually making the market move down so they can buy at the lower prices and manipulate others to sell.

Criminal activity needs to be controlled and that exists both in fiat and crypto - possible that the latter is giving them some added advantages but forensics are improving too and such criminals are being gradually caught as well.

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November 21, 2023, 05:25:36 PM
 #84

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.

They are against mixers because the mixers are known to increase privacy of the coins and they don't want the coins to have high privacy. They mostly favor the centralized exchanges because those exchanges share user details with them and that's will help them to speculate those users.

Fiat is more likely to be used for illegal activities than Bitcoin or any other crypto-currency because fiat is available in digital form as well and can be transferred to anyone without any question.

Fiat is also available in physical form and people tend to do more illegal activities with fiat in physical form which we call as cash, and fortunately Bitcoin isn't a physical thing and that's good for everyone.

It's a fact that completely halt down of Bitcoin and other crypto-currencies won't stop the people from doing their illegal activities. Those people will do their illegal activities even without Bitcoin and they have been doing such illegal activities for so many centuries when even Bitcoin wasn't there.
Mind you, it's not only Bitcoin or crypto currency or fiat that is used for doing illegal activities.
Other forms of exchange medium besides regular fiat or cryptocurrencies exist, it is just fortunate that BTC is still not widely understood and grasped by the major populace and it's only recently more persons are even summoning up the courage to buy crypto assets even as the price of BTC has hit nearly $40k as anticipated it would before December.

Mixers sure encourage anonymity for money launderers, but even those government agencies who are fighting to track and prevent criminals from taking advantage of the decentralized network somehow have investment in them as experiment to learn more about it.

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November 21, 2023, 10:38:30 PM
 #85

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.

The reason Bitcoin is used for illegal activities is just a trick of people who have interests, long before Bitcoin appeared, criminals used gold - fiat - other jewelry to carry out their dirty transactions, but now they see Bitcoin as an alternative that can be used for transactions. dirty then here I don't see any justice, the government seems to be cornering bitcoin with FUD, mixers are just a service to simplify and disguise transactions but can mixers be said to be a bad thing? Of course not, even without a mixer, criminals can carry out transactions safely.



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November 22, 2023, 10:34:10 AM
 #86

There isn't a choice for ppl if they want to anonymise their trades so they're going to use mixers. Criminals get encouraged when they see a chance to continue criminality so mixers are an option. If govts begin regulating exchanges because they're trying to limit laundering that's their plan to track but ppl don't want their trades accessible to other ppl.

Mixers sure encourage anonymity for money launderers, but even those government agencies who are fighting to track and prevent criminals from taking advantage of the decentralized network somehow have investment in them as experiment to learn more about it.

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