Mixers sure encourage anonymity for money launderers, but even those government agencies who are fighting to track and prevent criminals from taking advantage of the decentralized network somehow have investment in them as experiment to learn more about it.
Topic: Not all educated are educated. (Read 595 times)
There isn't a choice for ppl if they want to anonymise their trades so they're going to use mixers. Criminals get encouraged when they see a chance to continue criminality so mixers are an option. If govts begin regulating exchanges because they're trying to limit laundering that's their plan to track but ppl don't want their trades accessible to other ppl.
Why?
This:
And this:
Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
This:
Quote from: https://cointelegraph.com/news/swan-bitcoin-terminates-customer-accounts-crypto-mixing-services
Bitcoin services platform Swan Bitcoin warned its customers that it would be forced to terminate accounts found interacting with crypto-mixing due to the regulatory obligations of its partner banks.
And this:
Quote from: https://cointelegraph.com/news/swan-bitcoin-terminates-customer-accounts-crypto-mixing-services
Pritzker stated that the current political climate has put a lot of fear into the banking sector, with most banks simply refusing to do business with anything in crypto. Thus, for them to continue their Bitcoin on-ramp services, their custody partner has to interact with banking services governed by FinCEN regulations.
Especially, I do not expect people can be complaining about bitcoin and cryptocurrencies in general that they are causing global warming.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
The reason Bitcoin is used for illegal activities is just a trick of people who have interests, long before Bitcoin appeared, criminals used gold - fiat - other jewelry to carry out their dirty transactions, but now they see Bitcoin as an alternative that can be used for transactions. dirty then here I don't see any justice, the government seems to be cornering bitcoin with FUD, mixers are just a service to simplify and disguise transactions but can mixers be said to be a bad thing? Of course not, even without a mixer, criminals can carry out transactions safely.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
They are against mixers because the mixers are known to increase privacy of the coins and they don't want the coins to have high privacy. They mostly favor the centralized exchanges because those exchanges share user details with them and that's will help them to speculate those users.
Fiat is more likely to be used for illegal activities than Bitcoin or any other crypto-currency because fiat is available in digital form as well and can be transferred to anyone without any question.
Fiat is also available in physical form and people tend to do more illegal activities with fiat in physical form which we call as cash, and fortunately Bitcoin isn't a physical thing and that's good for everyone.
It's a fact that completely halt down of Bitcoin and other crypto-currencies won't stop the people from doing their illegal activities. Those people will do their illegal activities even without Bitcoin and they have been doing such illegal activities for so many centuries when even Bitcoin wasn't there.
Other forms of exchange medium besides regular fiat or cryptocurrencies exist, it is just fortunate that BTC is still not widely understood and grasped by the major populace and it's only recently more persons are even summoning up the courage to buy crypto assets even as the price of BTC has hit nearly $40k as anticipated it would before December.
Mixers sure encourage anonymity for money launderers, but even those government agencies who are fighting to track and prevent criminals from taking advantage of the decentralized network somehow have investment in them as experiment to learn more about it.
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and it just happens that bitcoin affects two of the most powerful entities around the world, governments and banks, so you can be sure they will put their utmost effort to stop the bitcoin revolution or at least do what they can to sidetrack it.
Banks are using blockchain technology for many of their services already. They may not show their support for bitcoin, but individual bankers are personally storing bitcoin in their wallets. You can be sure that those who say bad about bitcoin are actually making the market move down so they can buy at the lower prices and manipulate others to sell.Criminal activity needs to be controlled and that exists both in fiat and crypto - possible that the latter is giving them some added advantages but forensics are improving too and such criminals are being gradually caught as well.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
They are against mixers because the mixers are known to increase privacy of the coins and they don't want the coins to have high privacy. They mostly favor the centralized exchanges because those exchanges share user details with them and that's will help them to speculate those users.
Fiat is more likely to be used for illegal activities than Bitcoin or any other crypto-currency because fiat is available in digital form as well and can be transferred to anyone without any question.
Fiat is also available in physical form and people tend to do more illegal activities with fiat in physical form which we call as cash, and fortunately Bitcoin isn't a physical thing and that's good for everyone.
It's a fact that completely halt down of Bitcoin and other crypto-currencies won't stop the people from doing their illegal activities. Those people will do their illegal activities even without Bitcoin and they have been doing such illegal activities for so many centuries when even Bitcoin wasn't there.
Bitcoin, indeed, disrupts traditional power dynamics in finance. Satoshi's anonymity? Genius! Its not just about evading the spotlight; its a statement - decentralization in its truest form. Governments trying to ban Bitcoin? Classic fear response to the unfamiliar. Bitcoin thrives on resistance; its like a hydra, you cut off one head (ban it in one place), it grows two more elsewhere.
The future of finance isnt just about adopting Bitcoin; its about adapting to its philosophy. Transparency, autonomy, decentralization - these arent just buzzwords; they're the new pillars of a financial revolution. And Satoshi? Hes the masked hero of this story, his identity hidden, but his impact undeniable. Bitcoin isnt just a currency; its a movement, and its momentum is unstoppable
We will have to wait and see, obviously I support bitcoin but like any revolutionary invention it is bound to affect the interests of different parties that are not going to let go of their privileges just because a new technology has emerged, and it just happens that bitcoin affects two of the most powerful entities around the world, governments and banks, so you can be sure they will put their utmost effort to stop the bitcoin revolution or at least do what they can to sidetrack it. The future of finance isnt just about adopting Bitcoin; its about adapting to its philosophy. Transparency, autonomy, decentralization - these arent just buzzwords; they're the new pillars of a financial revolution. And Satoshi? Hes the masked hero of this story, his identity hidden, but his impact undeniable. Bitcoin isnt just a currency; its a movement, and its momentum is unstoppable
It is their will to criticise Bitcoins. For them Bitcoins are like illegal assets which are used by terrorists or bad people for bad purpose. But they are forgetting that, the asset is not illegal, but the mindset of these people are. If terrorist and bad people want to do bad things, then they can use any source of medium for it. Regarding global warming, it’s just baseless to tell that Bitcoin minings are causing this. They need to grow up.
Those who has to do illegal work will never think about the agent that is it bitcoin or not because if there is no bitcoin then perhaps they use another way. People who become addicted never want to leave illegal activities so its not the fault of bitcoin but actually it is the fault of those people who make negative use of it instead of positive one.
It is also necessary that government should take some steps towards such individuals because if they can stop the use of bitcoin in a country then how they cannot stop their citizens to do so? Remember that a medium is not bad always but the people who are using it negatively are bad because due to negative use by the people the positivity of bitcoin remains hidden so there should be strict rules against individuals who are doing illegal activities.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
I think they'll continue to make bitcoin the scapegoat in every case of crime/illegal because bitcoin is a perfect entity conceptually allowing such activities. But implicitly they want to protect banks against bad accusations(or at least reduce it), then they can return to conventional ways (banking) to carrying out such activities with new "supporting" policies.
If you're saying it's ppl who commit crimes you're right they shouldn't do it or use mixers to hide their crimes. If your govt tells ppl they can't use cryptos unless it's with a regulated exchange what's your action. If they say you can't use a decentralised exchange because it's illegal would you use a mixer?
Mixer is good on its own if not for wicked people using it for bad purpose
Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.
For most of us, watching the governments struggle against Bitcoin and fail repeatedly was a historical experience. It really highlights how unstoppable and incorruptible Bitcoin is. The corrupt are panicking because there is nobody to threaten, nobody to bribe and nobody to blame. Satoshi Nakamoto did good in hiding his identity, otherwise he would have spent his life going from courtroom to courtroom before the government even let him see the inside of a prison cell. I mean can you imagine how much the money printers (the government) must hate the founder of Bitcoin?
Bitcoin is really a huge threat for them knowing that they can't control any transaction happened nor can do anything on their advantage, that's why they usually do some nasty campaigns just to try giving bad shade and have bad impression to the people who use it. But they struggle to make that happen and they fail multiple times that's why some of those officials directly ban it since they can't do anything with this coin.
Satoshi is really great for making his self as part of mystery since as you said if he's identity would be shown for sure he will get a lot of struggle since government will go after him. But since he's still unseen by any public eye then we can conclude that he's still doing good and might he will remain like this forever. Also even if they hate about the existence of bitcoin they can't do anything with it since it became famous now the only thing they can do is to adopt or be outdated so that they can be relevant on evolution of financing in future.
The future of finance isnt just about adopting Bitcoin; its about adapting to its philosophy. Transparency, autonomy, decentralization - these arent just buzzwords; they're the new pillars of a financial revolution. And Satoshi? Hes the masked hero of this story, his identity hidden, but his impact undeniable. Bitcoin isnt just a currency; its a movement, and its momentum is unstoppable
You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.
If cryptocurrencies are better tools for criminals to do their money laundering from technical aspect to regulatory aspect, they will choose cryptocurrencies. If regulations become stricter against money laundering (AML) through cryptocurrencies, criminals will find other ways and one of them is returning to fiat currencies like they did before blockchains, Bitcoin and cryptocurrencies were created.Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges.
Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.
For most of us, watching the governments struggle against Bitcoin and fail repeatedly was a historical experience. It really highlights how unstoppable and incorruptible Bitcoin is. The corrupt are panicking because there is nobody to threaten, nobody to bribe and nobody to blame. Satoshi Nakamoto did good in hiding his identity, otherwise he would have spent his life going from courtroom to courtroom before the government even let him see the inside of a prison cell. I mean can you imagine how much the money printers (the government) must hate the founder of Bitcoin?
Bitcoin is really a huge threat for them knowing that they can't control any transaction happened nor can do anything on their advantage, that's why they usually do some nasty campaigns just to try giving bad shade and have bad impression to the people who use it. But they struggle to make that happen and they fail multiple times that's why some of those officials directly ban it since they can't do anything with this coin.
Satoshi is really great for making his self as part of mystery since as you said if he's identity would be shown for sure he will get a lot of struggle since government will go after him. But since he's still unseen by any public eye then we can conclude that he's still doing good and might he will remain like this forever. Also even if they hate about the existence of bitcoin they can't do anything with it since it became famous now the only thing they can do is to adopt or be outdated so that they can be relevant on evolution of financing in future.
Simply put, banks and fiat are part of the system and bitcoin was invented against the system. Now they are trying to control it as much as possible with more laws, more KYC, demonising mixers and trying to impose blacklists, and if they succeed bitcoin will become part of the system. It's like the ETF spots that everyone is waiting for the price to go up: what they are going to do is make bitcoin even more part of the system.
For most of us, watching the governments struggle against Bitcoin and fail repeatedly was a historical experience. It really highlights how unstoppable and incorruptible Bitcoin is. The corrupt are panicking because there is nobody to threaten, nobody to bribe and nobody to blame. Satoshi Nakamoto did good in hiding his identity, otherwise he would have spent his life going from courtroom to courtroom before the government even let him see the inside of a prison cell. I mean can you imagine how much the money printers (the government) must hate the founder of Bitcoin?
OP, if am to understand what you said, I think you mean that some people to know more of Bitcoin and it's doing but in really sense they don't know much as they think, OP, I just understand that all this name given to Bitcoin, is to tarnish it's reputable existence, although bitcoin mixers are not legit because of the process, but I have to tell us that, the government has been looking for a means to down trend bitcoin because their perceived danger, Bitcoin haters should concentrate on their part of business, their has been war in different part of the world, are they trying to tell us that the process of mixing is used for laundering of money for the purchase of weapon, to me, fiat has done more harm than Bitcoin, I see this unfolding events as a calculated attempt to undo bitcoin.
(....)
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
Sad reality. This is why Bitcoin has a lot of haters especially people in the governments or banks because they know that it is really anti to them.Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
This is the biggest debate at all, the fiat versus Bitcoin where both are being used by criminals or scammers. There are even lot of frauds in fiat than Bitcoin but why they are really into Bitcoin.
It doesn't matter how much a govt tries they won't be able to stop laundering but it looks like America's going to bring regulation for crypto exchanges. It means AML's going to be forced on ppl if their regulation succeeds. They'll make regulated exchanges legal so if your using a decentralised exchange you'll be breaking the law.
Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
I agree with you. Many people out there judge Bitcoin and crypto affiliates are used for illegal activity, but in fact, fiat and affiliates are most used for that. For me, it all depends on whom, Whatever something if it is in the right hands, will definitely be useful. As we know, a knife is very useful to cook, or (our wife, or mother) cutting vegetables in the kitchen, but if not in the right hands, a knife it would be a very dangerous thing, that will be used to commit crimes, such as robbing and kill someone. So, it's not the main reason to judge Bitcoin and friends because is used for illegal activity, because the harm to others is even greater.
I agree with you, this will really depend on whether they use it for good or bad and we cannot easily remove this from the minds of people who think badly about Bitcoin.
You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.
If cryptocurrencies are better tools for criminals to do their money laundering from technical aspect to regulatory aspect, they will choose cryptocurrencies. If regulations become stricter against money laundering (AML) through cryptocurrencies, criminals will find other ways and one of them is returning to fiat currencies like they did before blockchains, Bitcoin and cryptocurrencies were created.Governments will not be able to get rid of money laundering through either banks, fiat currencies or cryptocurrencies and cryptocurrency exchanges.
You're right if you're saying banks or fiats crime's going to increase if there wasn't cryptos. It's common talk about how American is presenting regulation to make exchanges fall under their control. It's going to make ppl lose privacy rights if they aren't able to obfuscate transactions they don't want other ppl to know about. If they're using fiat they won't have these problems so mixers are used by ppl who want privacy when they're using cryptos.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
Mixers are seen to be used for illegal activities but the money in banks are not seeing to be used for money laundering and terrorism financing. Among the most fiats used for illegal activities, only little do the government and regulators know about. If there is no bitcoin or other coins and tokens, there will be illegal activities both online and offline and their scam fiat will be used for it.
I agree with you. Many people out there judge Bitcoin and crypto affiliates are used for illegal activity, but in fact, fiat and affiliates are most used for that. For me, it all depends on whom, Whatever something if it is in the right hands, will definitely be useful. As we know, a knife is very useful to cook, or (our wife, or mother) cutting vegetables in the kitchen, but if not in the right hands, a knife it would be a very dangerous thing, that will be used to commit crimes, such as robbing and kill someone. So, it's not the main reason to judge Bitcoin and friends because is used for illegal activity, because the harm to others is even greater.
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