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jeff47

(26,549 posts)

11. Wow....you know absolutely nothing about bitcoin.

Reply to socialsecurityisAAA (Reply #10)

Fri May 17, 2013, 05:42 PM

May 2013

The entire point of the bitcoin project was to create a currency that was untraceable - bitcoins can be transferred without either party being able to identify the other.

That makes bitcoin absolutely perfect for money laundering.

How'd HSBC get caught? The money could be traced.

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Highlight:

U.S. Seizes Operator Accounts Of Major Japanese Bitcoin Exchange [View all] Purveyor May 2013 OP

The ZeroHedge Berlin Expat May 2013 #1

They've already gone nuts Cali_Democrat May 2013 #4

Who laughs last, laughs best. Psephos May 2013 #17

Yep, money laundering. nt bemildred May 2013 #2

Economic terrorism. socialsecurityisAAA May 2013 #3

Yeah, it's critical we make money laundering easier. (nt) jeff47 May 2013 #5

Banks launder money, this has nothing to do with that. socialsecurityisAAA May 2013 #7

Bitcoin offers a far better way to launder money than banks. jeff47 May 2013 #8

No it doesn't. You can't invest bit coin or turn it into investable socialsecurityisAAA May 2013 #10

Wow....you know absolutely nothing about bitcoin. jeff47 May 2013 #11

Bit coin isn't anonymous, or else you could never claim it LOL socialsecurityisAAA May 2013 #13

Then provide the link. jeff47 May 2013 #14

I don't need to research anything to grasp the utter impossibility of claiming to own a currency socialsecurityisAAA May 2013 #15

No matter it's purpose, it is perfect for money laundering jeff47 May 2013 #16

It's hardly perfect for laundering. Doable, yes; perfect, not a chance. Psephos May 2013 #18

The article says no such thing! LOL socialsecurityisAAA May 2013 #22

Bitcoin is not anonymous .. Lenomsky May 2013 #23

It's actually quite posssible to trace transactions: joshcryer May 2013 #20

Max Keiser predicted this several months ago. Gregorian May 2013 #6

Notice who did the action: Homeland Security. My how they have grown! nt Poll_Blind May 2013 #9

I noticed that as well. AtheistCrusader May 2013 #12

Got somebody provoked...indeed! eom Purveyor May 2013 #19

Money transfer = Speech cprise May 2013 #21

Here's a good way to launder money They_Live May 2013 #24