Quote from: sounds on February 02, 2013, 01:46:20 PM

But yes, bitcoins are more traceable by default than cash. You can see every hop bitcoins do through the public ledger, the block chain. Once the USD bills leave a bank, there's no way of tracing them.Only for small denominations. I think the important point here is to avoid 1000 USD bills.

A bit offtopic, but: How often do you see 1000 bills in circulation, and where is it used ? I mean, 1000 USD is quite a lot of money, I don't think anyone would pay an ordinary restaurant meal with such an amount ? Perhaps if buying something expensive, like a high end pc ? Do you see 1000 USD bills used a lot ?

Quote from: Luno on February 02, 2013, 02:21:08 PM

You get no explanation as to why you are denied service as the contents of these databases are classified.

That is a completely sick system. We can see how well it works with the no-fly list. Even senators must spend weeks and do multuple phone calls to get off the list. Imagine what kind of troubbles an ordinary person has with it.

In general, the "rejection - no tell"-policy is completely ridiculous. If you're a bank manager, then your brother works with a construction company, then a competitor of your brothers company wants to bank with you, you just issue some internal statements declining to work with them, or just to drag out disputes, and nobody can do anything about it. Totally ridiculous.

The way it should work if it were to be fair is full disclosure. And if somebody comes on a list for the wrong reason, then they should be explained to why they're on the list, and what's the process to get off.

Who are we fooling really ? Terrorists or advanced con men have access to resources, and can twart any counter measure there is. Fake identities, bank account in others names and so on. Impossible to stop. I think people in power position often will put people they don't like on such lists.