Topic: 2012-12-18 CNN.com Bitcoin looks primed for money laundering - page 2. (Read 6543 times)

Wake up, BTC are so much undervaluated !
Legislators are so slow to act, BTC may worth 1000$ each before any laws conter is use/possession  


Because it's a currency backed by "nothing" 


A crash last summer ?  Is it about this fast varation in the price, wich corrected quite fast, like a failed pump and dump from a scammer named Pi__40 ?

Not a crash, just a scammer dump, over a few weeks period, it does'nt affect the BTC ratio to USD.

Priceless,

Those banks get cought and fine to have facilitated questionnable transactions for govt or individuals, they knew that it was'nt legal, paid a small fee compared to their profit, why would they stop ?  It is extremely profitalbe..  but it's ok, scince they pay the small fee..

Like any corp who would prefer to pollute, knowing that the "fee" is much smaller than the cost of not poluting.. but it's ok..


Like many said, this article is quite an insult to the intelligence of the reader, but unfortunatly, most of their reader take it for cash, because of the sacrosanct nature of the source !

Most reader/listener of CNN are just sleeping sheep !

It may be the begining of the attack against bitcoin, as some power begins to realize that bitcoin gives power to peoples, and they can't do anything against it.. first, the mass media will demonize bitcoin for the point of view of the mass (sleeping couch sheep), then legislation against BTC will be welcomed for the majority of peoples, who source their truth from TVs..

Hope some awaken contry will adopt bitcoin to counter balance all this shit !

Nuff said.

Hmm. Let's see. Iran announces it will sell oil for BTC, and accumulates BTC. It then tells it's citizens it will buy Rial for BTC. Citizens trade in their useless stacks of Rial and can send BTC out of the country to fund students costs, or save in foreign banks, in US$. Or keep the BTC since their value would be backed by Iranian oil.

Doesn't seem too likely but the demand created for Rial would cause it to rebound until it is near par with US$, since the govt would in essence be buying them for US$. I think the govt would have a fair bit of flexibility for using oil to prop up the Rial.

Who knows. But it would be giving the finger to the USA and high officials could pre-buy BTC to take advantage of the resulting price surge. Of course, any play like that would have unknown consequences for BTC and really put it to the test as far as  censorship.

If some 'rogue' state finds out that bitcoin is something the us govt. doesn't like, they may as well support it, just for the hell of it. :p

Tell me where to buy oil for bitcoins, and I will put all my savings in BTC before thay skyrocket over $30 again.

why would we be ?
that part is true IMO

Holy mother of god I thought that we are over this shit already.

Hilarious. The very first sentence had me laughing.

Only now we know? You can't be serious.

The corporate media propaganda machine always was and always will be serving the interest that owns it. Just go and see who pays their bills and you'll have your answer why they could never ever be a source for truth.

Good. We now know which side of the fence CNN is on .... is about the only positive thing to come out of such an affront to intelligence.

The article is somewhat balanced. Not overly fear spreading and clearly endorsing the strengths for mundane purposes. It looks like a write up on the latest Forbes Bitcoin articles.

Another thing: lately Bitcoin is no longer described as something that might disappear overnight, there is very little reticule in mainstream media now. The article describes Bitcoin as a threat to traditional banking and as a money laundering vehicle, but there is no finger pointing or or "singling out", which is per definition hard when you are dealing with an open source voluntary P2P currency.

The article hints at Bitcoin as a target for regulatory intervention, however likewise, it also hints at Bitcoins survivability in such a scenario.

Nice work CNN. And the last paragraph: To complicated for the every Joe of the mill = If you dig Bitcoin you are smarter than average.

That was quite the agressive, grim and negative article from CNN. I've been following Bitcoin a couple of years, and used it only for legitimate purposes, and find it quite interesting. I don't see the need for demonizing it in this way, unless of course (shock & horror) there is an agenda about it all.

Already the very start of the article looked like a joke to me:


Isn't the press supposed to be objective and not subjective ? The word 'shady' could've been left out here. Would the author after all call the us govt. for 'the shady us govt.' ? I'm sure alot of people think they're shady as f**k. Also adding the part about regulators seems to indicate that the only legit and right thing is to have regulators regulate. I'm not sure everyone agrees with this.

We could also say the USD is shady, backed by nothing. We could say the CNN is shady, writing articles based on subjective opinions, and so on and so forth.

Once an author starts putting in subjective opinions in an article (perhaps he was even instructed to), I start losing respect for that author. And so, he's talking about the dark web, hitmen and so on. Has he even been on this 'dark web' himself, or is he just reciting some other sensational piece about bitcoin ?

Bitcoin is just like any technology, it can be used for good, and it can be used for bad.

How do you like that pasage about threatening the monetary authority of sovereign nations?

An exelent example of double speak! When big gov threatens monetary authority of another soveriegn nation by sanctions it is just Ok! (ordinary people must suffer hard from inflation) But when Bitcoin does the same (protects ordinary people from any gov) it is bad

Naked King Blindness does not have limits...

It's possible the author learned about Bitcoin while conducting research for the following article: http://finance.fortune.cnn.com/2012/10/16/romney-tax-plan/

In his Bitcoin article, he sites that FBI paper. Remember that paper?

And I doubt very much that the banks have gotten out of the money laundering game. All that happened was they paid a fine (a fee) to ensure they don't get looked at again for some time. I'd bet that HSBC and SC got caught simply because they didn't kowtow to Wall St. powers.

Any sizeable money laundering thru Bitcoin would create huge demand and volatility as the market tried to deal with it. If there is anything going on now it's micro-peanuts compared to HSBC and buddies.

Maybe they're not evil, but are stupid. They sensationalize anything as bad as possible to drive pageviews after all.

In a few months, the attack will unfold.  They will write more of their holy papers that everyone considers sacred, prohibiting various forms of Bitcoin usage, and they will find a few scapegoats to throw in a cage, to scare the rest of the cattle.

You just wait.

Are we already entering the - "3. They attack you!" - phase??
.

I actually agree 100% with this statement.  You hit the nail directly here.