Quote from: o_e_l_e_o on Today at 07:40:31 AM

So I have to go to the bank, prove who I am, have my ID checked, have the cashier produce a check, have it signed, have it countersigned, send it to the other person, they have to take it to their bank, have it checked by their bank, arrange with yet more third parties to actually transfer the funds, the list goes on. That's a lot of third parties who need to agree to the process, any one of which could decide to deny my request.

That's how it is supposed to be apparently. The government makes it hard to transfer larger amounts. And you're at the mercy of banks.

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With bitcoin, I make a transaction, I sign it, I broadcast it. Done. There is no one to deny me anything.

Enjoy it while it lasts because if the government (USA government) ever gets their grubby hands on bitcoin, they'll try and introduce controls over how much btc you can send at one time. And don't try and "structure" your transactions because that will be against the law too.

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Or just trade peer to peer.

And keep your fiat under a mattress. Because you wouldn't want the government knowing you cashed out some bitcoin. not if it was $100 million. Then pay for things with cash. Alot of things. Shocked

Quote from: franky1

then you would split funds into sub $100k amounts. to not be watched by the higher up teams of investigators

well i get what you're saying franky but i think all of what you discussed concerning splitting up funds into smaller sub accounts is what the US government calls "structuring". whether you do it using bitcoin or with fiat, i'm sure the irs would still consider it a crime.