3 ms·
> You say it can be used for money laundering, but gold and cash can already be used for money laundering (and even more discreetly since trading gold or cash d
by altcognito 14y ago
> You say it can be used for money laundering, but gold and cash can already be used for money laundering (and even more discreetly since trading gold or cash does not leave a trail like in the Bitcoin blockchain)
Spoken like a person who has never tried to launder millions of dollars in gold. You don't just go down to the pawn shop and redeem millions of dollars in gold.
- mrb 14y agoYou are wrong. Gold is very often used by drug cartels for their laundering operations: http://www.nytimes.com/2003/06/06/nyregion/drug-money-laundered-into-gold-us-says.html http://www.nytimes.com/2003/06/06/nyregion/drug-money-launde... http://www.insightcrime.org/news-briefs/mexico-cartels-stealing-gold-to-launder-drug-money http://www.insightcrime.org/news-briefs/mexico-cartels-steal... "Mexican authorities say that, since 2008, criminal gangs have robbed so many trucks carrying gold shipments that some mining companies have been forced to switch to aerial transportation"
- smartwater 14y agoI don't really understand what stealing trucks full of gold has to do with any of this. He said that the US is "totally fine with side markets that they cannot control directly" and that "Your other argument also fails to convince me that the government would want to declare Bitcoin illegal." and I have to agree.