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Topic: 2012-12-18 CNN.com Bitcoin looks primed for money laundering - page 3. (Read 6543 times)

newbie
Activity: 56
Merit: 0
"you'll find that Bitcoin users range from the common Iranian on the street, who is worried about inflation, to hit men and drug dealers"

Wow, really objective.  Classifying the "normal" bitcoin user as an Iranian, for whom the average american probably has oodles of sympathy (I am not saying I don't like Iranian people, just that that this isn't the median bitcoin user, whereas the average american would probably be much more sympathetic towards an average (and american) bitcoin user).

In NLP, this is called a "frame".  They're framing Bitcoin users as the demonized people of society, so as to generate popular hate for Bitcoin users.  This makes it easier for the rulers to later invent or lobby for rules and punishments prohibiting or sabotaging Bitcoin and its users.  If Bitcoin was a country rather than a currency, what they are doing here would be very well described as "beating the drums of war".

Now, I'm not suggesting any conspiracy here.  People unconsciously do this very thing all the time.  From a systems thinker point of view, all the people who worked together to produce this slanderous hit piece, are indeed collaborating (consciously or not) to produce a piece of work that is emergent, but looks like a concerted conspiracy.

Still, I can't quite shake the thought that evil is at play here.  What are we to call a person who allows or induces people to lie and defame a good (or, at least, neutral) project and its group of users, if not evil?  How taboo has the use of the word evil become, that not even Hitler gets called evil these days?
legendary
Activity: 1008
Merit: 1023
Democracy is the original 51% attack
Well the corporate media propaganda machine had to do something.. there was way too much positive news about Bitcoin lately  Roll Eyes They can't allow the general population to get any crazy ideas like being completely in charge of one's money now can they..  Cheesy

Never attribute to malice that which is adequately explained by stupidity. - Hanlon's Razor  Wink
newbie
Activity: 56
Merit: 0
Actually, the genie is already out of the bottle.

Never underestimate the willingness of sociopathic lackeys willing to put you in a cage for doing something against their bosses' orders.
hero member
Activity: 490
Merit: 500
... it only gets better...
Actually, the genie is already out of the bottle.
hero member
Activity: 504
Merit: 500
WTF???
Quote
Bitcoins are backed up by, well, nothing,

Comment in the post and comment about the post have me laughing. Bitcoins are backed by nothing. What are the dollar bills in my pocket backed by again? That are constantly losing value when they print more? I'm confused.
newbie
Activity: 56
Merit: 0
Quote
Indeed, authorities in the US and Europe are already concerned that Bitcoins could soon grow in value and become a major problem.

Translation: "We can't have people competing with us.  That's a 'problem' and we here in the Old Boys' club will surely deal with it swiftly."

I fully understand why Satoshi chose to remain anonymous.
newbie
Activity: 56
Merit: 0
Quote
Passing money and making transactions outside of normal pay channels has serious repercussions for the financial industry.

Translation from propagandese to What-They-Really-Meanese "People peacefully cooperating without seeking approval from authorities are dangerous and evil."
newbie
Activity: 56
Merit: 0
Quote
HSBC and Standard Chartered may have gotten out of the money laundering and sanction-skirting game just in time. Bitcoin, a virtual online "currency," seems to be gaining traction and legitimacy among those who need to transfer or launder their cash outside of the prying eyes of regulators.

"Just in time"?  It's got nothing to do with time.  The reasons those people got away with a crime is because they have power.
legendary
Activity: 1078
Merit: 1003
Well the corporate media propaganda machine had to do something.. there was way too much positive news about Bitcoin lately  Roll Eyes They can't allow the general population to get any crazy ideas like being completely in charge of one's money now can they..  Cheesy
legendary
Activity: 1372
Merit: 1008
1davout
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While this doesn't make Bit-Coin Central a bank (as it cannot invest the Bitcoins it holds)
Fucking priceless Smiley
legendary
Activity: 924
Merit: 1004
Firstbits: 1pirata
newbie
Activity: 56
Merit: 0
Brace for impact...
hero member
Activity: 743
Merit: 500
http://finance.fortune.cnn.com/2012/12/18/bitcoin-money-laundering/
Quote
The catalyst for change could come out of places like Iran where crippling sanctions have made their currency collapse in value. If enough "legitimate" users in Iran start to use the system, then the Bitcoin genie could forever be out of the bottle, threatening not only just bank profits, but also the monetary authority of sovereign nations.
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