O rly?
This puts a new twist on the debate about whether BTC should be regulated and "play nice" with the Gov.
Topic: [2014-04-29] ‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier... - page 3. (Read 5790 times)
April 29, 2014, 09:51:32 PM
This puts a new twist on the debate about whether BTC should be regulated and "play nice" with the Gov.
April 29, 2014, 09:42:11 PM
O rly?
April 29, 2014, 08:36:26 PM
‘Dark Wallet’ Is About to Make Bitcoin Money Laundering Easier Than Ever
Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software.
On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly than the partial privacy protections bitcoin offers in its current form. If the program works as promised, it could neuter impending bitcoin regulations that seek to tie individuals’ identities to bitcoin ownership. By encrypting and mixing together its users’ payments, Dark Wallet seeks to enable practically untraceable flows of money online that add new fuel to the Web’s burgeoning black markets.
“This is a way of using bitcoin that mocks every attempt to sprinkle it with regulation,” says Cody Wilson, one of Dark Wallet’s two 26-year-old organizers. “It’s a way to say to the government ‘You’ve set yourself up to regulate bitcoin. Regulate this.’”...
....Wilson’s and Taaki’s money-laundering app is politically incendiary, but it’s not necessarily illegal, and they argue that the code is protected by First Amendment safeguards on free speech. But Wilson states plainly that he intends Dark Wallet to be used for anonymous online black markets like the Silk Road, the bitcoin-based drug bazaar seized by the FBI in October. “I want a private means for black market transactions,” says Wilson, “whether they’re for non-prescribed medical inhalers, MDMA for drug enthusiasts, or weapons.”
Nor does he deny that Dark Wallet might enable heinous crimes like child pornography, murder-for-hire, and terrorism. “Well, yes, bad things are going to happen on these marketplaces,” Wilson says. “Liberty is a dangerous thing.”
http://www.wired.com/2014/04/dark-wallet
“Liberty is a dangerous thing.”
Were you aware of the danger when you started to be interested in BTC?
Don't be afraid, the Gov will not hurt you.
Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software.
On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly than the partial privacy protections bitcoin offers in its current form. If the program works as promised, it could neuter impending bitcoin regulations that seek to tie individuals’ identities to bitcoin ownership. By encrypting and mixing together its users’ payments, Dark Wallet seeks to enable practically untraceable flows of money online that add new fuel to the Web’s burgeoning black markets.
“This is a way of using bitcoin that mocks every attempt to sprinkle it with regulation,” says Cody Wilson, one of Dark Wallet’s two 26-year-old organizers. “It’s a way to say to the government ‘You’ve set yourself up to regulate bitcoin. Regulate this.’”...
....Wilson’s and Taaki’s money-laundering app is politically incendiary, but it’s not necessarily illegal, and they argue that the code is protected by First Amendment safeguards on free speech. But Wilson states plainly that he intends Dark Wallet to be used for anonymous online black markets like the Silk Road, the bitcoin-based drug bazaar seized by the FBI in October. “I want a private means for black market transactions,” says Wilson, “whether they’re for non-prescribed medical inhalers, MDMA for drug enthusiasts, or weapons.”
Nor does he deny that Dark Wallet might enable heinous crimes like child pornography, murder-for-hire, and terrorism. “Well, yes, bad things are going to happen on these marketplaces,” Wilson says. “Liberty is a dangerous thing.”
http://www.wired.com/2014/04/dark-wallet
“Liberty is a dangerous thing.”
Were you aware of the danger when you started to be interested in BTC?
Don't be afraid, the Gov will not hurt you.
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