Post
Topic
Board Bitcoin Discussion
Re: [UABCI] September 27, 2011 U.S.Department of the Treasury might regulate BitCoin
by
ctoon6
on 04/08/2011, 02:37:26 UTC
I understood the main reason for this legislation was to close the anonymous pre-paid phone accounts... that is they are not happy that you can use a phone without it being tied to your name/address. The whole thing is silly, however, as those with criminal intent will just use others credentials to purchase.



I don't think that's what it is. Anyone can get a Metro PCS phone without ID. I think it's the fact that stored value cards are used to launder drug money. The Treasury issued a Memorandum about this a few years back. They claimed it was the number one way people were avoiding taxes and laundering drug money.

legalize drugs.

reasons: less money spent on catching criminals and keeping them locked up.
heavily tax the drugs, they would still be cheaper than off the street.

tada! half the money laundering is now gone.

We can't have them competing with Big Pharma now can we...

Seriously I agree with you in all points... the problem is there is no organized bribery... I mean lobby group for the "illicit" drug sellers.
The only people that would not go for my plan are the retarded private prisons and the people who go with the argument "then everyone would do it". in fact the big pharmacies would MAKE MORE MONEY. they could sell the drugs in greater volume.