Quote
If it took Justice Dept. four years to figure out what to do about E-Gold, it'll probably take them years to figure out what to do about bitcoin exchanges.
You can draw a parallel with the Napster affair and it's later distributed incarnation, Bittorrent trackers. Exchanges are vulnerable but they are many and easy to start.
Quote
“Douglas Jackson and his associates operated a sophisticated and widespread international money remitting business, unsupervised and unregulated by any entity in the world, which allowed for anonymous transfers of value at a click of a mouse,” said U.S. Attorney Jeffrey A. Taylor for the District of Columbia in a press release. “Not surprisingly, criminals of every stripe gravitated to E-Gold as a place to move their money with impunity. As alleged in the indictment, the defendants in this case knowingly allowed them to do so and profited from their crimes.”
Perish the thought that someone might get any financial freedom or privacy. No, we can't allow for that since the criminal might use it. Come to think of it, car and road builders make huge profits when criminals are allowed to purchase their products. They fully know that criminals use the motorways each and every day and move with impunity, and yet they do nothing about it ! I believe the solution to this travesty is to register each and every person that uses a car, which should submit ahead of time a detailed plan of his daily itinerary. Every driver should be fitted with an explosive collar that would automatically go off should he steer off route.
