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Am I the only one concerned with how these services can be used to funnel money to Mexican drug cartels and terrorists? American Used Car Dealers Funding Terro

Am I the only one concerned with how these services can be used to funnel money to Mexican drug cartels and terrorists? American Used Car Dealers Funding Terrorists: http://abcn.ws/yGdGGv http://abcn.ws/yGdGGv How a big US bank laundered billions from Mexico's murderous drug gangs: http://bit.ly/xR3Uxa http://bit.ly/xR3Uxa I understand why everybody wants to have their privacy, but there's a reason why these services are under a lot of scrutiny by a lot of governments.

zotz 15y ago
> Am I the only one concerned with how these services can be used to funnel money to Mexican drug cartels and terrorists? Probably.
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iwwr 15y ago
Ignoring for a moment the relation between US foreign policy and terrorism, or between the drug war and drug violence... The problem here is banks and established payment processors banding together to squash their potential competition. Not only do these regulations touch upon bitcoin (a rather insignificant collateral victim), but on startups that may want to reshape the money transaction business. People who want to do evil things are not really limited in their scope by these rules. It's frighteningly easy to make explosives or to build weapons. A dedicated madman can do a lot of damage, with scarcely anything "authorities" can do against it. Curtailing fundamental freedoms and keeping dossiers on every citizen is a tool to create tyranny rather than protect the people from random murder.
TruthElixirX 15y ago
>but there's a reason why these services are under a lot of scrutiny by a lot of governments. To keep rich entrenched corrupt interests rich entrenched and corrupted? Yes.
hazov 15y ago
No, but the main problem here is that people are libertarian or/and believe in the Austrian School of economics, I would love to have full liberty for all, but I would hate to see Hizbollah sending rockets in the heads of my relatives...

zotz 15y ago

> Am I the only one concerned with how these services can be used to funnel money to Mexican drug cartels and terrorists? Probably.

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iwwr 15y ago

Ignoring for a moment the relation between US foreign policy and terrorism, or between the drug war and drug violence... The problem here is banks and established payment processors banding together to squash their potential competition. Not only do these regulations touch upon bitcoin (a rather insignificant collateral victim), but on startups that may want to reshape the money transaction business. People who want to do evil things are not really limited in their scope by these rules. It's frighteningly easy to make explosives or to build weapons. A dedicated madman can do a lot of damage, with scarcely anything "authorities" can do against it. Curtailing fundamental freedoms and keeping dossiers on every citizen is a tool to create tyranny rather than protect the people from random murder.

TruthElixirX 15y ago

>but there's a reason why these services are under a lot of scrutiny by a lot of governments. To keep rich entrenched corrupt interests rich entrenched and corrupted? Yes.

hazov 15y ago

No, but the main problem here is that people are libertarian or/and believe in the Austrian School of economics, I would love to have full liberty for all, but I would hate to see Hizbollah sending rockets in the heads of my relatives...