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Fame Douglas posted:I find it hard to believe Bitcoins has been used at large scale for this.
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Feb 12, 2018 22:38
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Europol: Criminals in Europe are laundering $5.5 billion of illegal cash through cryptocurrency
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Feb 12, 2018 22:45
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junan_paalla posted:Europol: Criminals in Europe are laundering $5.5 billion of illegal cash through cryptocurrency That article doesn't really address the question (and who knows if the numbers are even close to accurate considering this was clearly intended as a cry for more authority). But I guess it all hinges on your definition of what constitutes "organized crime".
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Feb 12, 2018 22:48
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Fame Douglas posted:That article doesn't really address the question (and who knows if the numbers are even close to accurate considering this was clearly intended as a cry for more authority). Do you then reject the people that say in this thread that organized crime is deliberately manipulating the price of BTC to keep it propped up?
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Feb 12, 2018 22:53
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I have a chain of illegals carrying large blocks of $100 bills over some international borders (only the most porous).
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Feb 12, 2018 22:54
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null posted:I have a chain of illegals carrying large blocks of $100 bills over some international borders (only the most porous). A job Americans won't do!
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Feb 12, 2018 22:56
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Salt Fish posted:Do you then reject the people that say in this thread that organized crime is deliberately manipulating the price of BTC to keep it propped up? There's likely a ton of market manipulation and a ton of true believers carrying in their money. But I find it hard to believe some drug organization is propping the price up.
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Feb 12, 2018 23:01
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Fame Douglas posted:There's likely a ton of market manipulation and a ton of true believers carrying in their money. But I find it hard to believe some drug organization is propping the price up. Who is manipulating the market? Is manipulating a market illegal? Is it organized?
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Feb 12, 2018 23:04
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Salt Fish posted:Who is manipulating the market? Is manipulating a market illegal? Is it organized? The crypto markets are, in general, the most manipulated markets in at least the past 100 years because they're so thinly traded and there are so many (well-organized) whales compared to regular traders that it's easy to do. This has nothing to do with whether organized crime is using bitcoin on a large scale (probably not unless you count the darknet dealers, and they've all switched to Monero) or whether they were propping the price up (nobody who uses crypto as currency cares what its price is, hence why very few people use it as currency.)
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Feb 12, 2018 23:11
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Adar posted:The crypto markets are, in general, the most manipulated markets in at least the past 100 years because they're so thinly traded and there are so many (well-organized) whales compared to regular traders that it's easy to do. Yeah, I agree but the discussion wasn't if they *are* it's if they were and if that was a reason for bitcoin becoming a huge bubble. Also, if it offers advantages over other money transfers that make illegal poo poo more secure, even if it's not anonymous.
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Feb 12, 2018 23:12
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only obscurity keeps bitcoins anonymous to law enforcement the anonymity falls with any concerted law enforcement scrutiny
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Feb 12, 2018 23:19
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Salt Fish posted:Yeah, I agree but the discussion wasn't if they *are* it's if they were and if that was a reason for bitcoin becoming a huge bubble. Also, if it offers advantages over other money transfers that make illegal poo poo more secure, even if it's not anonymous. Fame Douglas posted:But I guess it all hinges on your definition of what constitutes "organized crime". I think this is correct - Silk Road, Alphabay, etc. were certainly the biggest single use of bitcoin for a while, but I don't think Los Zetas or MS-13 ever knew what bitcoins were or gave a gently caress about the price of nerd money. You could make a case that the darknet markets effectively set the price floor at $200 five years ago during the popping of the last bubble, but it is very unlikely they had much to do with 2017. A year ago over 90% of the trading was in China - you could also call that organized crime, and some of it probably *was* triad related, but the bulk was wash trading likely designed to get oligarch money overseas. Chinese money laundering is a far more plausible explanation for the entire 2016-September 2017 price move.
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Feb 12, 2018 23:24
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Salt Fish posted:I mean you can just ask this question: why did Silk Road use bitcoin? There isn't an any possible answer that doesn't involve the relative security improvement over other transfer methods and the illegality of what they were selling. Yes there is. It’s that Ross is an idiot true believer and was primarily driven by ideology.
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Feb 13, 2018 00:10
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Bitcoins going back above $9,000 and literally nobody knows why It's funny watching the "Technical Analysts" scramble to change their predictions since due to (Stock Market Lingo) everyone was predicting a second crash to $6000 that never happened before this current rise.
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Feb 13, 2018 00:11
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VictorianQueerLit posted:Bitcoins going back above $9,000 and literally nobody knows why But the price did drop below $6000 for a bit. Is that also FUD then?
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Feb 13, 2018 00:13
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VictorianQueerLit posted:Bitcoins going back above $9,000 and literally nobody knows why I Was The Fury posted:But the price did drop below $6000 for a bit. Is that also FUD then? as it was dipping below 6000 tether started doing market manipulations with euro tethers instead of dollar tethers they got the tether printer twitter account suspended and i dont know where else to check to see if theyve printed more eurotethers since then because im trying to spend more time on constructive tasks or not https://twitter.com/eurtprinter/status/963090843988045824 Twinty Zuleps fucked around with this message at 00:18 on Feb 13, 2018 |
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Feb 13, 2018 00:16
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If it truly is being used for laundering large amounts of money (Russian, Chinese, North Korean, or whatever), then the lack of a price drop makes sense. I honestly can't wait for the books in 5 years about all of the people who were involved in it. /r/bitcoin users are almost all investing pocket change (like zaurg). We really have no idea where the large volume is coming from.
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Feb 13, 2018 00:18
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Wulfolme posted:they got the tether printer twitter account suspended and i dont know where else to check to see if theyve printed more eurotethers since then because im trying to spend more time on constructive tasks Is BTC going up? Tether. Is it going down? No tether. Pretty simple.
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Feb 13, 2018 00:20
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Is there a simple primer for what tether is
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Feb 13, 2018 00:38
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brugroffil posted:Is there a simple primer for what tether is Tether is paypal for crypto except there is no actual $$$ going in one side.
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Feb 13, 2018 00:40
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brugroffil posted:Is there a simple primer for what tether is imagine you're playing monopoly and the bank runs out of money
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Feb 13, 2018 00:41
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Someone starts an illegal casino out of their home garage. They sell you their homemade chips (Tether) for USD that you use to gamble with. You and your friends start winning at this casino and you're winning so many thousands of chips that you wonder to yourself, "Hmmmm....do these schlubs have enough cash on hand to cover all the chips we've won, cuz wow, we've got a ton?" They assure you, "Oh, no prob, we don't hand out any more chips at our tables than we than we can pay back!" You ask, maybe could you have a peek-see at all this money? And they say, lol no, but we totally have it--we swear! So you've had your fun and you go to cash out and they say, "Sorry, nope we don't cash out these chips here, but you can totally use them at other garage-casinos in all the other neighborhoods, so go cash them out there! Do you want to buy any more chips while you're here though?" Repeat ad infinitum. edit: wait, gently caress, this doesn't work AARP LARPer fucked around with this message at 01:27 on Feb 13, 2018 |
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Feb 13, 2018 01:19
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okay, let me start over.... you go to the illegal casino and you exchange your dollars for the tether chips so you can play poker then you get mugged on the way to the tables and they steal all your tethers (and your pants). you use your student loan money to buy more tether chips and you do really well at the poker tables and then when you go to cash out your tether chips they kick you in the balls and laugh at you and throw you out into the street. you then post on reddit that your wife left you and that "we should all file a class action lawsuit" AARP LARPer fucked around with this message at 01:27 on Feb 13, 2018 |
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Feb 13, 2018 01:24
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send me your bitcoins and I will send back double!!! limited time only!!!!!!!
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Feb 13, 2018 01:26
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Moridin920 posted:send me your bitcoins and I will send back double!!! limited time only!!!!!!! All this time MMO scammers were really preparing me for Bitcoin.
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Feb 13, 2018 01:34
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Moridin920 posted:send me your bitcoins and I will send back double!!! limited time only!!!!!!!
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Feb 13, 2018 01:35
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Tethers are close to arcade coins
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Feb 13, 2018 01:44
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Fame Douglas posted:Is it historic fact? Seems dubious. It's certainly harder to track than electronically transferring real money. But I assume most organized crime never laundered their money through Bitcoin. http://www.businessinsider.de/europol-criminals-using-cryptocurrency-to-launder-55-billion-2018-2?r=US&IR=T It would seem they do launder quite a lot.
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Feb 13, 2018 01:48
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Waltzing Along posted:Is BTC going up? Tether. Is it going down? No tether. Alpha Mayo's expert analysis lives on, I see
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Feb 13, 2018 01:50
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Risc1911 posted:http://www.businessinsider.de/europol-criminals-using-cryptocurrency-to-launder-55-billion-2018-2?r=US&IR=T Considering the low percentage, it wouldn't seem like that. And that's a dumb article quoting the Europol director pulling a number out of a hat for political effect.
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Feb 13, 2018 01:51
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Ham Sandwiches posted:Alpha Mayo's expert analysis lives on, I see
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Feb 13, 2018 01:54
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gary oldmans diary posted:i like how youre down to just whining I like how you are still just making stuff up in otherwise white noise posts, so I guess we're both happy 
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Feb 13, 2018 01:58
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Ham Sandwiches posted:Alpha Mayo's expert analysis lives on, I see Do you have a better explanation? That is based in reality, I mean.
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Feb 13, 2018 01:58
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Waltzing Along posted:Do you have a better explanation? That is based in reality, I mean. Yeah I think the millions of people trading the currency all around the world may also play a part, Tether is not the end all be all of cryptocurrency price, despite what one prolific poster may have told you
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Feb 13, 2018 01:59
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Ham Sandwiches posted:Yeah I think the millions of people trading the currency all around the world may also play a part, Tether is not the end all be all of cryptocurrency price, despite what one prolific poster may have told you Actually forget it. I wish you the best.
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Feb 13, 2018 02:00
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Ham Sandwiches posted:I like how you are still just making stuff up in otherwise white noise posts, so I guess we're both happy kudos on breaking free from white noise by being the dumbest poster in a series of threads
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Feb 13, 2018 02:02
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Wasn't btc-e fined for a litany of money laundering charges?
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Feb 13, 2018 02:03
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Ham Sandwiches posted:Yeah I think the millions of people trading the currency all around the world may also play a part, Tether is not the end all be all of cryptocurrency price, despite what one prolific poster may have told you Did you miss the anonymous research paper suggesting otherwise? The methodology seemed sound and the results were basically matching up with what Alpha Mayo and Bitfinexed have been saying but were backed up with pretty diligent analysis
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Feb 13, 2018 02:07
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Gonna give a shout out to my btc bro ham sandwich for still posting itt. Gumption and hodl
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Feb 13, 2018 02:10
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Wulfolme posted:as it was dipping below 6000 tether started doing market manipulations with euro tethers instead of dollar tethers god speed
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Feb 13, 2018 02:43
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