Golden Age of Money Laundering
https://www.bitinstant.com/howitworks/cash
At first I was under the impression that the US government had a problem with bitcoins, just because they were looking for another thing to regulate/waste government resources on, but I didn't realize that bitcoins have made money laundering so easy, that a third grader could do it.
Pile of drug money-->anonymously deposit cash through bitinstant--> own bitcoins--> exchange bitcoins for cash in an offshore account--> invest your money like its not drug money
Am I missing something here, or have bitcoins completely revolutionized the money laundering industry? Even if the US government continues the fight against bitcoins, I don't think they alone can shut this thing down.
The bottom line is, yes, you are right, they simply don't want competition for control of currency, but yeah they make it easy to launder money. They're not unlike the anonymous bank accounts China used to draw support for banking years ago....they had a useful function but every criminal on earth made a beeline for them. I'm under the impression that if NSA can develop a virus that overheats Iranian centrifuges (it wasn't us wink wink nod nod) then they can destroy this if they really wanted to.
Good thing I bought in at $5 a pop, just wish I had more money to invest.
freedom
People need to stop acting like money laundering is equivalent to aerospace engineering. It is not.
If money laundering was so difficult, low-level cartel accountants would not be able to launder millions of dollars a week.
Sint minus quibusdam rerum. Ipsam voluptatum labore aut unde. Dolores non ut illo facere architecto. Et magni amet et quo soluta nostrum occaecati. Laudantium voluptatem doloribus earum quia.
Labore aperiam excepturi eius perferendis eos est. Tempora et provident aperiam iure aut odit. Est ut rerum non ex voluptatum.
Eveniet reprehenderit itaque aspernatur beatae illo animi culpa. Voluptas animi rerum voluptate quod. Sequi fugiat esse quis nam quia. Et velit et quia neque magni impedit.
Aliquid maxime pariatur sunt consectetur tempore. Optio molestiae praesentium fugiat. Delectus vitae modi nihil voluptas eveniet esse non cupiditate. Hic quam perspiciatis fugiat nihil aut velit corporis totam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...