|
orange juche posted:As soon as they're not in a government controlled wallet they are attracting financial crimes, much like lint is attracted to clothes. Doesn't the Government then have a block chain trail linking the auction winners to criminal activity of some kind?
|
#
?
Nov 10, 2020 09:23
|
|
|
|
| # ? Jun 4, 2024 20:13 |
|
|
Only if the winners are foolish enough to recycle an existing address to receive them, where standard practice is to create a new one. (Also if they're stupid enough to dump compromised wallets into the new address in sufficient amounts to demonstrate control over the tainted buttcoins.) But yeah, unless you're a Tim Draper or Goldman Sachs you're probably going to have some eager agent keeping an eye on the addresses you tell the gubermint to send the proceeds.
|
|
#
?
Nov 10, 2020 12:07
|
|
|
How do drugs dealers actually cash out bitcoins? I roughly know how tumblers work and that you get clean bitcoins out of them that can not be linked to criminal activity in court, but what do you do with them afterwards? I guess you can't use the legal exchanges to cash because they exchange data with authorities for tax purposes. I also don't see them using craigslist or something due to the sheer amount of money that has to be cashed out regularly.
|
|
#
?
Nov 10, 2020 13:32
|
|
|
kw0134 posted:Only if the winners are foolish enough to recycle an existing address to receive them, where standard practice is to create a new one. (Also if they're stupid enough to dump compromised wallets into the new address in sufficient amounts to demonstrate control over the tainted buttcoins.) I mean crimes.txt and Agent Mark Force IV Was a thing. They are exactly that stupid to fall for a honeypot.
|
|
#
?
Nov 10, 2020 14:08
|
|
|
No one need bet against the stupidity of bitcoiners, with that we can agree.
|
|
#
?
Nov 10, 2020 14:49
|
|
|
GABA ghoul posted:How do drugs dealers actually cash out bitcoins? I roughly know how tumblers work and that you get clean bitcoins out of them that can not be linked to criminal activity in court, but what do you do with them afterwards? I guess you can't use the legal exchanges to cash because they exchange data with authorities for tax purposes. I also don't see them using craigslist or something due to the sheer amount of money that has to be cashed out regularly. tumbling them through multiple other coins and exchanges is a favourite - US AG thyber report, p42 https://www.justice.gov/ag/page/file/1326061/download attached below - note use of Tether as an intermediate chain, North Korea tried this one
|
|
#
?
Nov 10, 2020 15:14
|
|
|
divabot posted:tumbling them through multiple other coins and exchanges is a favourite - US AG thyber report, p42 https://www.justice.gov/ag/page/file/1326061/download Yeah, but what happens to the clean bitcoins? How do you turn that into cash you can use to buy food and gas and new cocaine, without having to declare it is as mystery income to the tax office? I mean, I guess you can buy the cocaine in bitcoins, but then you still need to convert at least something like 2k per month into real money to pay for rent & co.
|
|
#
?
Nov 10, 2020 16:22
|
|
|
GABA ghoul posted:Yeah, but what happens to the clean bitcoins? How do you turn that into cash you can use to buy food and gas and new cocaine, without having to declare it is as mystery income to the tax office? I mean, I guess you can buy the cocaine in bitcoins, but then you still need to convert at least something like 2k per month into real money to pay for rent & co. you "sell them to a greater fool for cold, hard cash and commit tax fraud by not reporting it" seems to be the popular answer
|
|
#
?
Nov 10, 2020 16:39
|
|
|
GABA ghoul posted:Yeah, but what happens to the clean bitcoins? How do you turn that into cash you can use to buy food and gas and new cocaine, without having to declare it is as mystery income to the tax office? I mean, I guess you can buy the cocaine in bitcoins, but then you still need to convert at least something like 2k per month into real money to pay for rent & co. No, nononono. The whole point of laundering money is that you do pay taxes on it. It's not clean money until it's in the system as legit money, and that means paying taxes. One of the great things about bitcoin for money laundering is that you can declare it as an investment ("oh well I got into cryptocurrencies back when bitcoins were less than a dollar each") and pay 15-20% capital gains tax on what you cash out, easy peasy. Laundering cash the old fashioned way you lost a lot more on operating a front plus had to pay income tax rates as well.
|
|
#
?
Nov 10, 2020 17:47
|
|
|
GABA ghoul posted:How do drugs dealers actually cash out bitcoins? I roughly know how tumblers work and that you get clean bitcoins out of them that can not be linked to criminal activity in court, but what do you do with them afterwards? I guess you can't use the legal exchanges to cash because they exchange data with authorities for tax purposes. I also don't see them using craigslist or something due to the sheer amount of money that has to be cashed out regularly. a. Sketchy exchanges. The problem is they know their customers are mostly some sort of criminal so they can rob their customers whenever they want by pretending they care about AML/KYC. b. ATMs. There are bitcoin ATMs spread across every city. My city has ATMs from at least 10 different operators each of which has different daily/monthly buy/sell limits and they don't talk to each other, although they do talk to the IRS. c. Direct sales. Craigslist, local bitcoins, etc.
|
|
#
?
Nov 10, 2020 19:08
|
|
|
I have a tech division at work pushing me to inject blockchain into a supply chain management solution. I haven’t met yet but...why?
|
|
#
?
Nov 11, 2020 06:35
|
|
|
Because they are stupid.
|
|
#
?
Nov 11, 2020 06:44
|
|
|
Waltzing Along posted:Because they are stupid.
|
|
#
?
Nov 11, 2020 08:50
|
|
|
Mrs. Sexual posted:I have a tech division at work pushing me to inject blockchain into a supply chain management solution. I haven’t met yet but...why? Buttcoin.
|
|
#
?
Nov 11, 2020 09:50
|
|
|
https://www.coindesk.com/biden-confirms-gary-gensler-will-lead-financial-policy-transition-team Biden picking some real fails here.
|
|
#
?
Nov 11, 2020 12:44
|
|
|
Libertarians and techbro types have the same fallacy with economics that liberal centrists have with politics in general; believing that established norms, decorum and 'common wisdom' are physical laws, and being unable to comprehend when they are openly and routinely broken.
|
|
#
?
Nov 11, 2020 13:28
|
|
|
Cum AllYeFaithful posted:https://www.coindesk.com/biden-confirms-gary-gensler-will-lead-financial-policy-transition-team The guy who says these things are securities and should be regulated using the existing laws for securities is not someone that cryptoclowns would normally consider an ally. If you are selling a security you have to register with the SEC, provide a bunch of public info, and most importantly have your books checked by independent auditors. If you don't do that you're selling an unregistered security and there are instant penalties if you sell them to normal people. Financial fraud they have to spend all sorts of time proving you violated the law. Selling unregistered securities they have the power to block you and issue fines unilaterally.
|
|
#
?
Nov 11, 2020 15:20
|
|
|
Klyith posted:The guy who says these things are securities and should be regulated using the existing laws for securities is not someone that cryptoclowns would normally consider an ally.
|
|
#
?
Nov 11, 2020 15:27
|
|
|
lmao seraph
|
|
#
?
Nov 11, 2020 20:41
|
|
|
orange juche posted:lmao seraph oh that explains why he's mentally defective, he cooks all his food in garbage bags so he doesn't have to wash up. got a brain full of plastic biseraphenols.
|
|
#
?
Nov 11, 2020 21:28
|
|
|
Cum AllYeFaithful posted:That's interesting, I hadn't looked at it that way. Thanks for the info, I guess this is good news for the rest of us than!
|
|
#
?
Nov 11, 2020 21:41
|
|
|
Check out his saclopedia entry, he tried to say he's being framed by fishmech lol. Also, he's reregged probably another 6 accounts since the above one got banned. Countdown till he wanders back in here? orange juche fucked around with this message at 22:35 on Nov 11, 2020 |
|
#
?
Nov 11, 2020 21:46
|
|
|
orange juche posted:Check out his saclopedia entry, he tried to say he's being framed by fishmech lol. 6? more like dozens dude has.. issues..
|
|
#
?
Nov 12, 2020 01:06
|
|
|
Shumagorath posted:yeah seriously, identify him by his wallet address which he never posted  I have 20 other trezors lol. The wealth on this one trezor represents just $5,000 of the investment I made in the fall of 2013, when bitcoin was worth $255 each. Meditate on that. Carrion Luggage posted:because it is a massive waste of power which is needlessly putting more poo poo into the air that would not otherwise be there Lol forever at nocoiners. I told you here on this very forum to buy when btc was under 300$. I told you repeatedly.
|
|
#
?
Nov 12, 2020 04:03
|
|
|
oh no he's back
|
|
#
?
Nov 12, 2020 04:21
|
|
|
Excelzior posted:oh no he's back
|
|
#
?
Nov 12, 2020 04:24
|
|
|
buttcoin
|
|
#
?
Nov 12, 2020 04:45
|
|
|
Quiet Calm Seraph posted:I have 20 other trezors lol. The wealth on this one trezor represents just $5,000 of the investment I made in the fall of 2013, when bitcoin was worth $255 each. Meditate on that. You should be the guy that drops a bunch of money to perma lowtax then. Just think how we'd all stew on that, that the person to put the final nail in the coffin was seraph! Quiet Calm Seraph posted:Lol forever at nocoiners. I told you here on this very forum to buy when btc was under 300$. I told you repeatedly. Did you also tell us not to put any coins in mtgox, or bitfinex, or binance, or QuadrigaCX, or Altsbit?
|
|
#
?
Nov 12, 2020 04:47
|
|
|
Excelzior posted:oh no he's back He's way less amusing than meaningless chart guy.
|
|
#
?
Nov 12, 2020 04:47
|
|
|
Honky Dong Country posted:buttcoin lol
|
|
#
?
Nov 12, 2020 05:34
|
|
|
Why does Seraph need our approval so badly? It's kinda sad.
|
|
#
?
Nov 12, 2020 06:45
|
|
|
Someday he’ll get those 7 confirmations
|
|
#
?
Nov 13, 2020 05:47
|
|
|
I just invested in CDCoin. It's my own virtual currency. I got in on the ground floor and one coin was randomly handed out for free and I gave it to myself. The thing with CDCoin is the there will only ever be one of them, it's the ultimate deflationary currency. Right now I've valued it at five million dollars per coin but it goes up Up UP all the time!
|
|
#
?
Nov 14, 2020 15:16
|
|
|
I kinda love the eternal Seraph puppetshow of “Im a coincurious nobody just asking questions about this oddly cool Bitcoin thing, just like you guys!” which immediately turns into the mask getting ripped off with a triumphant “It was me all along, Austin!”
|
|
#
?
Nov 14, 2020 20:21
|
|
|
Satchel and Trunk posted:I kinda love the eternal Seraph puppetshow of “Im a coincurious nobody just asking questions about this oddly cool Bitcoin thing, just like you guys!” which immediately turns into the mask getting ripped off with a triumphant “It was me all along, Austin!” 
|
|
#
?
Nov 15, 2020 00:56
|
|
|
buttcoiners and maga chuds, the only people stupid enough to take a comic book super-villain who gets soundly and utterly defeated and think that guy should be their role model to represent assured success
|
|
#
?
Nov 15, 2020 02:00
|
|
|
Well, it fits, both are obsessed with halvings
|
|
#
?
Nov 15, 2020 02:08
|
|
|
God drat seraph lol I will say at least seraph had the good sense not to buy more accounts when taxman owned the place
|
|
#
?
Nov 15, 2020 02:47
|
|
|
Thanos had an extremely naive understanding of resource scarcity and his plan was a complete failure before it was reverted. In the end he accomplished a whole lot of nothing and left everything way worse than it was when he started.
|
|
#
?
Nov 15, 2020 03:37
|
|
|
|
| # ? Jun 4, 2024 20:13 |
|
|
Splicer posted:Thanos had an extremely naive understanding of resource scarcity and his plan was a complete failure before it was reverted. In the end he accomplished a whole lot of nothing and left everything way worse than it was when he started.
|
|
#
?
Nov 15, 2020 04:20
|
|