bitcoin and money laundering - page 4.

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: LazerSMS on July 07, 2014, 05:14:04 PM

I only use my coins for completely state approved stuff like buying services I don't need at boringsite.com, donating to the admin of boringblog.com etc.

I'm a good person

No, because...

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and then I pay taxes on it, on all of it

you give the bullies money

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and sometimes I even lose money doing that, but I don't care...

because I feel good then

You have been deluded into thinking self sacrifice is a virtue

Quote

I love my Government and I'm sure the feeling is mutual Kiss

Think again.

LazerSMS

member

Activity: 84

Merit: 10

I only use my coins for completely state approved stuff like buying services I don't need at boringsite.com, donating to the admin of boringblog.com etc.

I'm a good person

and then I pay taxes on it, on all of it

and sometimes I even lose money doing that, but I don't care...

because I feel good then

I love my Government and I'm sure the feeling is mutual Kiss

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: enhu on July 07, 2014, 04:49:03 AM

but one can partially hide their money through bitcoin. An article lately that i've encounter was about bitcoin and divorce. Cheesy

Done carefully and properly, one could theoreticially hide ALL of one's bitcoin income from the prying eyes of government.

BoxControl

newbie

Activity: 26

Merit: 0

I think OP had at least a few glasses too much to drink Tongue

enhu

legendary

Activity: 2492

Merit: 1018

but one can partially hide their money through bitcoin. An article lately that i've encounter was about bitcoin and divorce. Cheesy

ShakyhandsBTCer

sr. member

Activity: 448

Merit: 250

It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: mikegogulski on July 05, 2014, 09:10:50 AM

I've found it useful to divide not into just white/black markets, but into five areas: white, black, gray, red and pink.

From http://www.nostate.com/3441/black-markets-vs-free-markets/ :

“Black market” as commonly understood is a problematic term, since it encompasses both harmless things that governments ban (the cannabis trade, for instance) in most places, as well as harmful things that governments also ban (murder for hire, for example).

I personally favor the market analysis given by agorist theory, which breaks down things along two axes:

White market: State-approved, moral (i.e. non-rights-violating) (e.g. on-the-books employment)
Gray market: Banned unless done in state-approved manner, moral (e.g. off-the-books trade)
Black market: State ban, moral (e.g. drugs)
Red market: State ban, immoral (e.g. murder for hire)
Pink market: State-approved (and largely state-conducted), immoral (e.g. taxation, conscription, compulsory education)

Visual illustration on slide 7 of a powerpoint I made for a presentation to a libertarian meeting this summer at http://www.nostate.com/wordpress/wp-content/uploads/2009/06/What-Sort-of-Libertarian-Are-You1.ppt (reproduced for readers of this blog below).

Why is the "Red Market" included in the chart that the state allows it as long as regulations are followed?

LostDutchman

sr. member

Activity: 476

Merit: 250

Shit-ton of namby-pamby Big Government types in this thread.

Such types are the greatest single danger to bitcoin and crypto as a whole.

mikegogulski

sr. member

Activity: 360

Merit: 250

I've found it useful to divide not into just white/black markets, but into five areas: white, black, gray, red and pink.

From http://www.nostate.com/3441/black-markets-vs-free-markets/ :

“Black market” as commonly understood is a problematic term, since it encompasses both harmless things that governments ban (the cannabis trade, for instance) in most places, as well as harmful things that governments also ban (murder for hire, for example).

I personally favor the market analysis given by agorist theory, which breaks down things along two axes:

White market: State-approved, moral (i.e. non-rights-violating) (e.g. on-the-books employment)
Gray market: Banned unless done in state-approved manner, moral (e.g. off-the-books trade)
Black market: State ban, moral (e.g. drugs)
Red market: State ban, immoral (e.g. murder for hire)
Pink market: State-approved (and largely state-conducted), immoral (e.g. taxation, conscription, compulsory education)

Visual illustration on slide 7 of a powerpoint I made for a presentation to a libertarian meeting this summer at http://www.nostate.com/wordpress/wp-content/uploads/2009/06/What-Sort-of-Libertarian-Are-You1.ppt (reproduced for readers of this blog below).

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: Harley997 on July 04, 2014, 01:19:38 PM

Quote from: Erdogan on July 04, 2014, 04:48:20 AM

Quote from: Harley997 on July 04, 2014, 02:04:01 AM

Quote from: Erdogan on July 02, 2014, 09:22:35 AM

Quote from: LostDutchman on July 02, 2014, 08:44:26 AM

Quote from: transient858 on July 02, 2014, 01:03:30 AM

Quote from: DannyElfman on June 30, 2014, 11:07:08 PM

Quote from: arbitrage001 on June 30, 2014, 02:56:35 AM

Quote from: DannyElfman on June 29, 2014, 10:56:13 AM

Quote from: validium on June 28, 2014, 05:23:07 AM

Quote from: Harley997 on June 24, 2014, 06:55:08 PM

Quote from: hloren70 on June 23, 2014, 02:24:58 PM

Bitcoin is only pseudoanonymous (though if you hide your IP and use new addresses every time it is pretty much anonymous).

That being said, I can't wait to see what extra anonymity features that Zerocash will be bringing to the table when it is released!

You can use blockchain's shared coin to get the same effect as zerocash but with shorter TX confirmation times as zerocash has all TXs in a shared coin format and when one party "backs out" of a TX then the TX will fail and all the parties will need to try again by all signing a new TX

If your trying to launder coins i would suggest for you not to use sharedcoin as it has been proven not to be so anonymous

Link:
http://www.coindesk.com/blockchains-sharedcoin-users-can-identified-says-security-expert/

Shared coin when used in conjunction with other mixers can mask your identity.

XMR coin is currently partnering with I2P developers to see if they can bring anon coin into the market.

Darkcoin already have two failed implementation. The current framework the coin operates on may not even be possible to implement a truly anonymous coin.

I don't think that these types of extreme privacy features have that much of a demand from crypto users.

Black market transaction still make up a large portion of bitcoin daily transaction.

What are "black market" transactions?

How do you define the term?

Stuff you don't like?

People trying to avoid brutal and punitive taxation?

Enquiring minds want to know!

Black market: Trades deemed illegal by people who trample on other's rights.

I wouldn't necessarily agree with that definition. The black market would be more trades deemed wrong by people as a society. Take for example human trafficking, I think it could be agreed that society as a whole would agree that human trafficking is wrong, but sadly it is still a reality. Regardless of the legality of selling humans, this trade would be done on what would be considered to be the black market.

I agree, that is violation of rights, and everyone should be against it. That doesn't mean that some group of people can decide arbitrarily that some voluntary trades are illegal. If they don't violate rights, they are legal.

Some things that are illegal may not directly violate other's rights but may do so indirectly. One example of this would be the black market for stolen merchandise. Although the merchandise may have been stolen a long time ago, the functioning market in effect took away the rights (property) of the original owner.

I still agree, and this is still violation of rights. The merchandise should be returned and the thieves excluded from trade.

I am talking about smuggled goods, goods which the government has restricted or placed under price controls, traded on a free market. Envision high tariffs on food import, high taxes, price controls. That is empty shelves and hunger. The allegedly illegal free market is necessary to feed the people. There are countless examples from history. Basically, regulation is destructive, sometimes leading to hunger.

The black market is the derogative name of the free market that fixes the destructive violent government regulation.

Harley997

sr. member

Activity: 266