Topic: Money laundering tools - page 11. (Read 2488 times)
There are a lot of purposes of Bitcoin that just being a money laundering tool. I admit, with the features of Bitcoin, it can be used in illegal activities and such because it is awesome, it is working but it should not define Bitcoin as the culprit. The people using it in doing bad things are the ones responsible for those bad things but Bitcoin as a tool should not be defined by that because that is not the sole purpose of Bitcoin, those bad things that can be done with the use of Bitcoin doesn't erase the good things done by using Bitcoin as well.
I was thinking about this opinion actually, because it such an easy way to earn money with bitcoin. But more and more I learned a lot of bitcoin actually some of the way to earn some coins was also not really easy, where you need to be keep intelligent and using your brain to make a good opinion to shared for the peoples in this forum.
In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.
If you describe the bitcoin like that, then you are negative and illegal in using bitcoin. Because the main function of bitcoin is not as a money laundering tool, but as a payment system in every transaction and functions like money.
He doesn't know what is money laundering, and even more worst is that what he doesn't know where gold ans silver coming from. Is he aware how many people died in those mines? But that is other topic, main is money laundering. This guy doesn't know that the biggest money launderer's are banks, the same people that rules over traditional currencies, that same people that are owners of those mines where so many people died. This guy doesn't know even 1% of everything, like most of the others! But he knows how to talk bas about bitcoin, and to make some stupid connections between bitcoin and money laundering. This thread doesn't deserve to exist at all!
In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.
If you describe the bitcoin like that, then you are negative and illegal in using bitcoin. Because the main function of bitcoin is not as a money laundering tool, but as a payment system in every transaction and functions like money.
COINS most industry experts think, existing rules makes use of the virtual currency will be big money transfer out of the cost is very high, and all the steps are clearly documented, nowhere to escape.
Existing rules allow the use of cryptocurrency to transfer large sums of money, and all steps are clearly documented and there is no escape.
Existing rules allow the use of cryptocurrency to transfer large sums of money, and all steps are clearly documented and there is no escape.
Well it can be money laundering tool if the people who uses it is like scammer but we also know that buying money with bitcoins has a transactions and it is not declared as bitcoin yet until he buys the illegal money. Bitcoin is a cryptocurrency and not money laundering tool.
BTC is an anonymous coin that some people use BTC as a place to store assets that nobody can know, which is the best money laundering I have ever seen, and they can hold as many BTCs as they can. They know who they are. That is the point of the BTC that some governments do not accept BTC in their country.Well it can be money laundering tool if the people who uses it is like scammer but we also know that buying money with bitcoins has a transactions and it is not declared as bitcoin yet until he buys the illegal money. Bitcoin is a cryptocurrency and not money laundering tool.
BTC is an anonymous coin that some people use BTC as a place to store assets that nobody can know, which is the best money laundering I have ever seen, and they can hold as many BTCs as they can. They know who they are. That is the point of the BTC that some governments do not accept BTC in their country. Bitcoin is actually used for illegal activity but still many people believe that Bitcoin would be a future currency.
No one in the right sense will use bitcoin for illegal activities, there are many people behind bars who conducted illegal activities and made transactions with bitcoin and if you look at the financial crimes in the past few years, you cannot claim that bitcoin is used for illegal activities, fiat currencies are the widely used tool to launder money.Bitcoin is more likely to eradicate corruption through openness of transactions, but this is only if it is accepted by governments as a means of payment.
With an open blockchain it is really possible to eradicate corruption altogether and hopefully it will be implemented everywhere . Learn the basics before saying what you heard on TV. You do not know the technical work of bitcoin, otherwise you would not say that
These half cooked knowledge is the main problem with many people who does not understand what they are talking about and they try to hear about misinformation provided by people who does not even know what this technology is all about and how it works, some people are just stupid enough that they wont be taking time to learn about it before commenting. 
Well maybe some do use bitcoin for money laundering tool, but at least i know that i don't, and i never.
Bitcoin doesn't just have that one purpose, like a currency that's used for criminal things. No, bitcoin surely has many other benefits rather than that.
I think you know already, but most of people here buy bitcoin for long term investment. Since we know the price sometimes increase highly, and can gain us many profits. And i think, bitcoin surely has value, not like what you think. Maybe you should try to invest in bitcoin, feel the profits so you might change your mind and perception of bitcoin.
Bitcoin doesn't just have that one purpose, like a currency that's used for criminal things. No, bitcoin surely has many other benefits rather than that.
I think you know already, but most of people here buy bitcoin for long term investment. Since we know the price sometimes increase highly, and can gain us many profits. And i think, bitcoin surely has value, not like what you think. Maybe you should try to invest in bitcoin, feel the profits so you might change your mind and perception of bitcoin.
Well it can be money laundering tool if the people who uses it is like scammer but we also know that buying money with bitcoins has a transactions and it is not declared as bitcoin yet until he buys the illegal money. Bitcoin is a cryptocurrency and not money laundering tool.
Those who declare that bitcoin is a tool to get money laundered is some kind of nonsense, there are no facts proving it.
It is funny that a lot of people and most especially punk asses lay so much emphasis on the use of bitcoin for criminal activities when of course it is not like criminal activities was never going on even without bitcoin. This is reality and criminals will always find a way to their thing; bitcoin may aid them in doing their transactions, but pinning it on bitcoin as the main cause f the problem is just baseless and that is what is so much irritating about the whole thing.
Learn the basics before saying what you heard on TV. You do not know the technical work of bitcoin, otherwise you would not say that
Bitcoin is actually used for illegal activity but still many people believe that Bitcoin would be a future currency.
Its totally our fault that money is being laundered. Who are using btcs? Why? Just quit them!
Some of the module which should be present n an AML software are know your costumer..
In my opinion, BTC is not a traditional currency like gold and silver because it does not have any use value, so it is not a credit currency. It's basically just one use, money laundering tool. The tool explains why bitcoin prices are spread across the country and abroad. Domestic money is changed into bitcoins and then physical transportation to overseas exchange for foreign currency escapes regulation and the cost of money laundering is lower than before, and the risk is low.
I am not agree, Try to change bitcoin to Fiat. Maybe you know a secret way to change cryptocurrencies bypassing exchanges? All exchanges require documents and money will be very difficult to wash. it is very difficult, in my opinion.
And what would be the difference between using bitcoins and banknotes or gold? With these you can't do money laundering? Come on, be serious ...
I think we don't need to be hypocritical that bitcoin does make it easy for undercover transactions because of the role of decentralization and anonymity. where the facility is not owned by fiat and gold. although still you can do money laundering but with that way. your assets are easy on the trace and taken over by the government. whereas bitcoin is free of all that And what would be the difference between using bitcoins and banknotes or gold? With these you can't do money laundering? Come on, be serious ...
I think all the money black sign in to crypto, because it is great for money black and this money safe on these people, no one can claim or ask back from the holder of the system. to ensure bitcoin tool laundering the money, many scammers hackers carders and MISC told big THX to Satoshi that he did bitcoin,
What it means by the fact that btcs has no value? seriously? So where does the 10k price for it go?
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