Pages:
Author

Topic: Introducing bitcoin is not that easy - page 10. (Read 7238 times)

legendary
Activity: 3472
Merit: 4801
January 27, 2017, 11:38:06 PM
#3
this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right

No. He is not.  There is nothing about bitcoin that makes it any better for money laundering than physical cash.  As a matter of fact, it is significantly worse for money laundering than U.S. dollars.  If you want to launder money, it will be MUCH easier to do with U.S. dollars than with bitcoin.  Therefore, if this is your main concern, then you should use bitcoin and stop using U.S. dollars.

and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions

Anonymous transactions is not, and never has been a "main feature" of bitcoins.  Anyone that told you that doesn't understand bitcoin very well and is just repeating bad information they've heard elsewhere. Saying it doesn't make it true.

EVERY bitcoin transaction that has ever occurred is permanently stored in the blockchain for the whole world to see.  If you want anonymous transactions, use U.S. dollars.  Bitcoin can be easily traced in most cases, and even if you try to hide your activities there's a pretty good chance that forensic accounting software will come along eventually that can figure it out.
legendary
Activity: 3528
Merit: 7005
Top Crypto Casino
January 27, 2017, 11:33:26 PM
#2
I understood very little of what you're trying to say here.  Have you tried the local boards?  They speak other languages there, probably ones you'd be more comfortable with.  I got that you did a presentation for school and had difficulty getting your point across, which doesn't shock me. 

But you're telling people why they ought to go out of their way to buy a magic internet currency that's extremely volatile, in order to spend it in place of fiat because...?  Good luck trying to convince people of that.  Either you like bitcoin already, or you're not going to be convinced, ever. 
hero member
Activity: 910
Merit: 500
January 27, 2017, 11:26:42 PM
#1
Yesterday was a research forum of thesis school project and I actually did introduce in our system about using bitcoin as a payment processor aside from paypal,visa, bank transfer or whatsoever. I actually do assume it that no one actually cares so expected things did really happened.

 However there is this one jurry stated that bitcoin is really prawn to money laundering and he ask if how would a certain business owner risk it and that made me realize that he is somehow right and that leads to other quedtion about the exchanger sites which follows KYc policies to prevent or atleast minimize the risk of money laundering however it violates also the main feature of bitcoin which is the anonymous transactions
Pages:
Jump to: