Topic: Drug Money and the Rise and Rise of Bitcoin - page 3. (Read 1128 times)
in my opinion, bitcoin being used for illegal and criminal activities and money laundering is possibly true because the criminals, terrorists, and illegal doers are now getting wiser and have learnt from their own/others' previous mistake. This is not new in the world of cryptocurrency, in fact, bictoin was part of the black market before in silk road in which they are using it for illegal transactions. I personally think that the syndicate world will never be eliminated in the world we live in, it is part of the cycle and balance of this world.
Ok, I know you're probably saying 'WTF man!', but here me out because it could be plausible.
I just saw the movie called 'American Made'. It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA. The thing is he made a lot of money that... Like 'he doesn't know where to put them' a lot... He buries bags full of cash in his backyard ffs, just like how Escobar did it.
Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive. Lol.
Then it occured to me... Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?
What do you guys think?
They can buy all the BTCs available that's for sure but it would be hard for them to buy what they need in real life using Bitcoin since they need to convert to fiat through legit exchanger which may give away their identities because exchanger would suspect the large amounts of cash out that is going to be requested. It is possible that they can go through other way of converting their BTC to Fiat but that will cost them more. I just saw the movie called 'American Made'. It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA. The thing is he made a lot of money that... Like 'he doesn't know where to put them' a lot... He buries bags full of cash in his backyard ffs, just like how Escobar did it.
Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive. Lol.
Then it occured to me... Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?
What do you guys think?
Ok, I know you're probably saying 'WTF man!', but here me out because it could be plausible.
I just saw the movie called 'American Made'. It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA. The thing is he made a lot of money that... Like 'he doesn't know where to put them' a lot... He buries bags full of cash in his backyard ffs, just like how Escobar did it.
Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive. Lol.
Then it occured to me... Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?
What do you guys think?
I just saw the movie called 'American Made'. It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA. The thing is he made a lot of money that... Like 'he doesn't know where to put them' a lot... He buries bags full of cash in his backyard ffs, just like how Escobar did it.
Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive. Lol.
Then it occured to me... Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?
What do you guys think?
If you are a criminal you can't simply go to an exchange and buy $millions worth of bitcoin. They would need to find an OTC supplier ready to deal with criminals that has $millions in liquidity, not that easy of a task.
Also these guys are most likely computer illiterates and BTC requires knowledge to attempt to have any decent amount of privacy. They have street smarts and have no fear to shoot anybody, but I don't think they can get their heads around BTC, so they would need to hire someone else to do it which adds risk.
I think they will keep moving the good ol $ cash. But unfortunately it's a matter of time when BTC usage for criminal activity goes up (in fact it probably is going up permanently since the beginning).
Ok, I know you're probably saying 'WTF man!', but here me out because it could be plausible.
I just saw the movie called 'American Made'. It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA. The thing is he made a lot of money that... Like 'he doesn't know where to put them' a lot... He buries bags full of cash in his backyard ffs, just like how Escobar did it.
Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive. Lol.
Then it occured to me... Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?
What do you guys think?
I just saw the movie called 'American Made'. It's about this pilot named Barry Seal who smuggled drugs for Pablo Escobar, and then guns for the CIA. The thing is he made a lot of money that... Like 'he doesn't know where to put them' a lot... He buries bags full of cash in his backyard ffs, just like how Escobar did it.
Anyway, then I thought, it would be cool if Bitcoin was around during that time because they could easily store all that value in a USB drive. Lol.
Then it occured to me... Drug cartels today are bigger and better, what's stopping them from buying all the BTC they can get their hands on?
What do you guys think?
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