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Topic: 2013-03-21 Wall Street Journal - Web Money Gets Laundering Rule (Read 1538 times)

legendary
Activity: 3416
Merit: 1912
The Concierge of Crypto
And the banks will tag the BTC miners as terrorists Shocked The Drones will have new targets  Sad

How will the drones know what to target or where? Will they aim at a mining pool or an individual miner? If it comes to that, the miners will have drone-hacking functions when it senses a drone is getting too close and SHA256 crack the drone's signal to make it literally crash.
legendary
Activity: 3038
Merit: 1032
RIP Mommy
They must be passing around the 'Sherms, I've seen that typo all over the place. LOL
hero member
Activity: 509
Merit: 564
"In Us We Trust"
Who's this Charlie 'Sherm' guy?

 Grin

(that was a great article, ie, I actually learned something "new"s)

Me lol

Hehehe... i know who you are, dont worry... you're charlie 'sherm'  Cheesy
legendary
Activity: 1078
Merit: 1000
Charlie 'Van Bitcoin' Shrem
Who's this Charlie 'Sherm' guy?

 Grin

(that was a great article, ie, I actually learned something "new"s)

Me lol
hero member
Activity: 577
Merit: 500
And the banks will tag the BTC miners as terrorists Shocked The Drones will have new targets  Sad
hero member
Activity: 868
Merit: 1000
I think the article was rather good. It's what you could expect, it didn't tain bitcoin forcefully in a negative light, and the bitcoin representatives are talking well, I'm glad they didn't interview some anarchist wacko about it.

On the other hand, 'money laundering'... This phrase, terms or action is at this point, in my considered empty words. Who rules ? It's not the governments.. it's the banks.. The banks essentially have a free card to do whatever they damn please. 'Money laundering' is more about keeping tab and control about monetary transactions. If you're a small entity and getting charged with money laundering, you will look for a shitload of legal troubles, but if you're a huge international bank, you pay a fine, and then you're done with it - no big deal.. So, the system has really lost my trust at this point. It's a complete joke.
hero member
Activity: 509
Merit: 564
"In Us We Trust"
Who's this Charlie 'Sherm' guy?

 Grin

(that was a great article, ie, I actually learned something "new"s)
legendary
Activity: 2408
Merit: 1121
Well, WSJ means that if there were any investment desks not aware of bitcoin -- they are now.
sr. member
Activity: 434
Merit: 251
http://online.wsj.com/article/SB10001424127887324373204578374611351125202.html?mod=WSJ_hp_LEFTWhatsNewsCollection

Quote
One of the fastest-growing alternative cash products is Bitcoin, an online currency launched in 2009 that isn't backed by a central bank or controlled by a central administrator. Currency units, known as "bitcoins" and consisting of a series of numbers, are created automatically on a set schedule and traded anonymously between digital addresses or "wallets." Certain exchange firms buy or sell bitcoins for legal tender at a rate that fluctuates with the market.

Seems like a good piece, informative, documented, balanced.
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