Ninjastic
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Re: Russian Law Would Send Bitcoin Users to Jail as Cybercriminals
by
yuriks2000
on 29/04/2016, 21:37:24 UTC
Quote from: road to morocco on April 29, 2016, 09:16:19 PM
Quote from: yuriks2000 on April 29, 2016, 07:42:21 PM
Quote from: road to morocco on April 29, 2016, 01:15:38 PM

>Contrary to general knowledge, bitcoin transactions are not anonymous.
Contrary to general knowledge, that's not the general knowledge. Bitcoin is pseudonymous. Strangely enough tho, you can't arrest 1MY5yFZZfcVbV5kw1VqCnhqMKARYV3UKAS, so watching an alphanumerical string selling CP to another alphanumerical string is not overly useful :-

>Bitcoin is just an efficient technology to transfer funds across borders without discriminating the receiver or the sender.
Sure, and an AK47 is just an efficient way to rapidly accelerate a small mass to roughly double the speed of sound. The fact that its unique use case scenario is wetting people is neither here nor there Smiley


You can't arrest bank accounts because they are made up of numbers, but you can trace people behind these numbers, can't you?

Yes. Because banks have to follow AML/KYC laws, and knowing the identity if the account holder is the most fundamental AML/KYC law. That's why you can arrest people behind bank accounts.
Bitcoin doesn't require you to provide 3 forms of ID to get an addy, making it difficult, if not outright impossible, to say which IRL person controls an address. This, in turn, makes arresting pedos hopped up on bath salts & feverishly yankin' it to CP difficult.
Do you get it now?

Quote
>Sure, and an AK47 is just an efficient way to rapidly accelerate a small mass to roughly double the speed of sound. The fact that its unique use case scenario is wetting people is neither here nor there Smiley

I love AK47, you are right it is very effective. Works in deserts, when wet. Much better than M16. What's your point?

I should not use bitcoin to transfer funds because it its cheaper and faster than wire transfer?

I'm saying that just as "Bitcoin is just an efficient technology to transfer funds across borders without discriminating the receiver or the sender," an AK is just an efficient way to accelerate a small mass, "without discriminating the receiver or the sender."
The fact that AK's unique use case scenario is killing people is as irrelevant as the fact that Bitcoin's unique use case scenario is doing illegal shit. What don't you get?

Buying bitcoin requires ID, ID is linked to your wallet when you transfer your funds, what's not to get. If you buy bitcoin with cash to buy anything illegal is an unnecessary step. Why not buy it in USD in the first place. Everybody accepts USD, why make it hard for yourself? )))

Same as buying a chair with USD and then buying drugs with this chair.


Illegal shit can be done using AK47, using hammer (with acceleration as well ), using cash, even a pen, try a flag and a lighter (also illegal). Can't you get it? Buy bitcoin with cash to buy something that you could have bought with cash in the first place, how smart is that.

Buying drugs and guns with USD through HSBC bank, (traceable accounts, with IDs, AML/KYC law) and no one gets jail time, that is smart.
Arrest cryptocoin maniacs, they are pedofiles, criminals and drug dealers, but don't touch the good guys from HSBS. Makes sense.

http://www.theguardian.com/commentisfree/2012/dec/12/hsbc-prosecution-fine-money-laundering