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Laundering is behaviour done by bad actors - you're trying to claim Bitcoin will stop the actions of these bad actors? You realize the bad actors can just switc
by loceng 6y ago
Laundering is behaviour done by bad actors - you're trying to claim Bitcoin will stop the actions of these bad actors? You realize the bad actors can just switch who they coerce with bribery, threats or violence from banks to aligning at the bottom of the MLM-Ponzi scheme and are now financially incentivized to get all of society adopting Bitcoin - through regulatory capture/bribing/coercing politicians etc?
I'd love for you to respond to this too, but gets ignored every time I ask/point it out: Bitcoin and similar prevent powerful mechanisms through policy like the Magnitsky Act allowing economic penalties of known bad actors, hopefully swaying their bad behaviour before physical/violent means are necessary.
Just because there are problems with integrity doesn't mean the answer is making/using an inflexible system.
- Mc_Big_G 6y agoyou're trying to claim Bitcoin will stop the actions of these bad actors? Where did I claim that?
- loceng 6y agoIt's implied. I hope you answer the rest of my points instead of seeming to avoid them with this comment/question.
- Mc_Big_G 6y agoI only see one point: Bitcoin and similar prevent powerful mechanisms through policy like the Magnitsky Act allowing economic penalties of known bad actors, hopefully swaying their bad behaviour before physical/violent means are necessary. Punishing bad actors is not high on my list of reason why I support any currency, so I don't have a lot to say about it other than question if sanctions have really had the effect you're asserting they have. Also, sanctions typically take the form of imports and exports, rather than seizing currency, no? In any case, I'd need to do some research on that as it's not something anyone talks about or really considers to be a major factor in cryptocurrency adoption. Did you have another point?