Quote from: DoctorOz on February 13, 2014, 03:05:51 PM

Quote from: Desmond.Paris on February 09, 2014, 03:57:11 PM

First, read the articles at these links:

http://www.morningnewsusa.com/three-bitcoin-traders-arrested-in-florida-238060.html

http://www.dnaindia.com/world/report-three-arrested-in-florida-over-bitcoin-money-laundering-charges-1960172

http://www.theverge.com/2014/2/7/5390782/three-bitcoin-traders-arrested-in-florida-on-money-laundering-charges

Summary of those links is that the in Florida, the state decided to go after some localbitcoin traders for money laundering after setting up a live in person exchange.

Bitcoin is not cocaine. Bitcoin is not crack. It is not cannabis. It is not stolen guns with the serial numbers filed off.

There are a variety of forces that fear technology they do not understand.
There are a variety of forces that fear any technology that breakdowns international borders and barriers.

We, the people who support bitcoin, need to come out in the defense of the guys who were arrested in Florida and support bitcoin.

I am not legal expert, but from a logical point of view, this does not make sense.

For instance. If I have a transaction history of my bitcoins. Bought in X and paid y$. Today I sell X for z$, then funds that I receive a fully accounted for. The only crime I could fathom is that the buyer cannot explain where he received his $100.000 from.

What if the following happened, if my neighbour sold his car for $100.000 and paid me $100.000 for a piece of paper that has a drawing that i drew on it? Where is the crime? If my neighbour values my piece of paper at $100.000, then who can say anything?

Well, these weren't neighbors.

If instead of a single transaction between you and your neighbor, you were in the business of selling cars, then the crime would be running an auto dealership without a license.