4 ms·

The thing is these are a huge haven for money laundering which is probably the best explanation for the amounts raised.

rothbardrand 9y ago
Money laundering is what you are doing when you move money from your savings to your checking to pay your visa bill. Literally, under the legal definition, that's "laundering". It's a thought crime.
- cyphar 9y ago
  Can you point to the statute where you get that interpretation from? Preferably with court proceedings that show that a judge has actually decided that that is money laundering. Because I find that statement incredibly hard to believe. Not to mention that you're completely ignoring GP's point, which is that it seems that money laundering may be occurring in an ICO. Is your claim that people only use ICOs to transfer money from a savings to a checking account to pay their VISA bills? Seems to me like there's a more airtight argument you might be able to come up with, given your self-proclaimed experience in the topic.
  - rothbardrand 9y ago
    That's a new one, erecting a series of straw men and then demanding that I knock them down. Of course you are incredulous because you want to believe that government is good and moral and its' right to be a slave.
    - cyphar 9y ago
      I was asking you to provide evidence for this statement: > Literally, under the legal definition, that's "laundering". "Legal definitions" are defined through laws and common law interpretations of those laws. I was asking for evidence of either. Otherwise you're just making statements without any evidence. It's not a straw-man to better define your statement of "that's the legal definition" to mean "there has been a court case or statute where it has been shown that's what the law says" and then ask for proof of that. Maybe you can explain what you think a "legal definition" is and provide evidence of that?
- kybernetikos 9y ago
  I've sat through numerous courses on money laundering, and under none of the definitons used in any of those courses would transfering money from your savings account to your checking account to pay your visa bill be considered laundering, (unless the money in your savings account was acquired in a criminal way). Check out the https://www.ffiec.gov/bsa%5Faml%5Finfobase/documents/regulations/ML_Control_1986.pdf https://www.ffiec.gov/bsa%5Faml%5Finfobase/documents/regulat... Money Laundering Control Act of 1986. Every part of the definition requires the money be the proceeds or involved in a specified illegal activity.
  - rothbardrand 9y ago
    Yes, and the "illegal activity" can be "money laundering"
- lawless123 9y ago
  "It's a thought crime." uhm wat?

Money laundering is what you are doing when you move money from your savings to your checking to pay your visa bill. Literally, under the legal definition, that's "laundering". It's a thought crime.

cyphar 9y ago
Can you point to the statute where you get that interpretation from? Preferably with court proceedings that show that a judge has actually decided that that is money laundering. Because I find that statement incredibly hard to believe. Not to mention that you're completely ignoring GP's point, which is that it seems that money laundering may be occurring in an ICO. Is your claim that people only use ICOs to transfer money from a savings to a checking account to pay their VISA bills? Seems to me like there's a more airtight argument you might be able to come up with, given your self-proclaimed experience in the topic.
- rothbardrand 9y ago
  That's a new one, erecting a series of straw men and then demanding that I knock them down. Of course you are incredulous because you want to believe that government is good and moral and its' right to be a slave.
  - cyphar 9y ago
    I was asking you to provide evidence for this statement: > Literally, under the legal definition, that's "laundering". "Legal definitions" are defined through laws and common law interpretations of those laws. I was asking for evidence of either. Otherwise you're just making statements without any evidence. It's not a straw-man to better define your statement of "that's the legal definition" to mean "there has been a court case or statute where it has been shown that's what the law says" and then ask for proof of that. Maybe you can explain what you think a "legal definition" is and provide evidence of that?
kybernetikos 9y ago
I've sat through numerous courses on money laundering, and under none of the definitons used in any of those courses would transfering money from your savings account to your checking account to pay your visa bill be considered laundering, (unless the money in your savings account was acquired in a criminal way). Check out the https://www.ffiec.gov/bsa%5Faml%5Finfobase/documents/regulations/ML_Control_1986.pdf https://www.ffiec.gov/bsa%5Faml%5Finfobase/documents/regulat... Money Laundering Control Act of 1986. Every part of the definition requires the money be the proceeds or involved in a specified illegal activity.
- rothbardrand 9y ago
  Yes, and the "illegal activity" can be "money laundering"
lawless123 9y ago
"It's a thought crime." uhm wat?