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https://www.theguardian.com/business/2018/sep/20/danske-bank-money-laundering-is-biggest-scandal-in-europe-european-commission https://www.theguardian.com/busin

https://www.theguardian.com/business/2018/sep/20/danske-bank-money-laundering-is-biggest-scandal-in-europe-european-commission https://www.theguardian.com/business/2018/sep/20/danske-bank... Danske Bank money laundering 'is biggest scandal in Europe' Lars Løkke Rasmussen said he was outraged at the scale of the money-laundering operation at Danske’s Estonian branch. An independent investigation published on Wednesday found that 15,000 customers were involved in suspicious transactions. “The fact that Denmark has been at the centre of a money laundering of this size is frankly quite horrible,” Rasmussen told reporters at the European Union meeting in Salzburg. The bank’s chief executive Thomas Borgen resigned on Wednesday but Rasmussen said: “The case does not end with this.”

DonHopkins 7y ago
Are you saying they should have been using Bitcoin if they wanted to launder money?
- seibelj 7y ago
  You link to an article about a few conmen using blockchain to fleece money as if to critique the entire industry, so I linked to a $400 billion laundering operation done right under the nose of EU regulators - the scale of that one crime dwarfing the entire market cap of crypto. Someone using a tool for malice does not mean we outlaw the tool.
  - DonHopkins 7y ago
    How did you jump to the wild conclusion that I was calling for outlawing bitcoin? That's pretty paranoid and presumptuous of you -- I must have touched a nerve. And your "whataboutism" example of conventional fraud certainly doesn't justify Bitcoin fraud. There are already laws on the books against fraud. My point is that Bitcoin investors are idiots, and that CMU shouldn't be teaching their students to run Ponzai schemes and break existing laws by taking advantage of idiots. I'm not calling for outlawing idiocy. They got what they deserved.
    - seibelj 7y ago
      > I must have touched a nerve. > My point is that Bitcoin investors are idiots, and that CMU shouldn't be teaching their students to run Ponzai schemes and break existing laws by taking advantage of idiots. You are all over the place, can't make heads or tails of what you are saying, clearly you are illogical and I will no longer respond.
      - DonHopkins 7y ago
        It's really quite simple to understand, you don't have to pretend to be confused to avoid addressing the point. Here's what you did: https://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism

DonHopkins 7y ago

Are you saying they should have been using Bitcoin if they wanted to launder money?

seibelj 7y ago
You link to an article about a few conmen using blockchain to fleece money as if to critique the entire industry, so I linked to a $400 billion laundering operation done right under the nose of EU regulators - the scale of that one crime dwarfing the entire market cap of crypto. Someone using a tool for malice does not mean we outlaw the tool.
- DonHopkins 7y ago
  How did you jump to the wild conclusion that I was calling for outlawing bitcoin? That's pretty paranoid and presumptuous of you -- I must have touched a nerve. And your "whataboutism" example of conventional fraud certainly doesn't justify Bitcoin fraud. There are already laws on the books against fraud. My point is that Bitcoin investors are idiots, and that CMU shouldn't be teaching their students to run Ponzai schemes and break existing laws by taking advantage of idiots. I'm not calling for outlawing idiocy. They got what they deserved.
  - seibelj 7y ago
    > I must have touched a nerve. > My point is that Bitcoin investors are idiots, and that CMU shouldn't be teaching their students to run Ponzai schemes and break existing laws by taking advantage of idiots. You are all over the place, can't make heads or tails of what you are saying, clearly you are illogical and I will no longer respond.
    - DonHopkins 7y ago
      It's really quite simple to understand, you don't have to pretend to be confused to avoid addressing the point. Here's what you did: https://en.wikipedia.org/wiki/Whataboutism https://en.wikipedia.org/wiki/Whataboutism