Topic: Not all educated are educated. - page 4. (Read 812 times)

There is no valid reason, actually, why a few crypto services don't want to accept funds from the mixer and gambling sites. I believe this is a stupid attempt at all because cryptocurrency is decentralised, especially Bitcoin. It doesn't matter where it actually came from when it's decentralised. Money laundering or criminal activity accusations are just a reason; actually, they don't like Bitcoin decentralization. It's really annoying to me when fuckers just point out cryptocrime and ignore all the fiat crimes. A large number of crimes have been happening through fiat currency.

This makes sense because fiat has been used as the basic source for money laundering for decades, but BTC is just 15 years old and is being accused of all the money laundering that occurred due to it. I think BTC is really doing some damage to these so-called centralised authorities who want to keep control of all the money, but they can't do that anymore due to BTC decentralization.

And generally speaking, BTC or any of the mixers that FinCen is accusing of being involved in money laundering is not being used that much because, according to the report they have proposed, I have read it and only a small portion of money is being laundered by them.

In my opinion, there is something else that they are trying to save, and that would be their control over our money because that is the only reason or feature that BTC has provided us, and we are doing their control some real damage.

Haha, Well that an Old debate about Bitcoin and the crypto industry possesses an anti-environment friendly narrative (at least some narrow-minded people think like that), TBH it is just a shit of wrong media reporting, if it is that true why don't they disclose the reality of environment-friendly electric cars reality, the Li-Ion battery used in these cars on the time of manufacturing realizes 10 times more environment polluting substance comparing to an old diesel engine car.

For Bitcoin's use and money laundering, this is also another shity excuse of the hypostatic regulators to control the flow of money, to keep everything under their control. The attribute is promoted by the way it is used is not a concern because people can even use kitchen knives for evil, so should they need to ban the Knife and shart object industry (Just a rough example).

Bitcoin is basically built against the banking sectors to give people their financial freedom. Bitcoin is basically built against the banking sectors to give people their financial freedom. It protects people's personal data privacy and security the data which has to be provided every time when receiving services from the banking sector. Moreover, Bitcoin is a decentralized system that no one can control where banks can freeze your funds at any time according to their terms.
However, the reason for giving a light description about Bitcoin is that since Bitcoin was created against this banking system, it is natural that all these banks and the big whales behind it must conspire against Bitcoin to protect their business and interests. So I will not call them educated or uneducated people , I will call them selfish people.

When people who takes your potentials as threat to their favours they would always want to get you sabotaged.
Bitcoin was invented in just 2009 but before then there had been criminal indulgences such as fraudulents, money laundery, illegal traffic, and thefts etc which are carried on online and offline.
I don't understand if the government tends to channel the blames of the advanced criminality of today to cryptocurrencies.
 
May I share briefly about my country where a late and formal head of State (president) and also as commander--in-chief of the Armed Forces in my country who ruled the nation from 1993 to 1998.
Since then all his loots is yet to be totally uncovered but since then, there had been a continues loots recoveries of the looted funds which currently is an estimate of $4 billion in cash and $2 billion in asset and just of recent, France has been concerned and agreed to repatriate $150 million as part of the loots.
This is the same Abatcha whose wife said to the republic that nomatter how much is recovered from her husband's loot, they would never be as poor as the wife of a whole riches man in Africa in Africa.
Interested member may read @ https://www.nairaland.com/3447028/no-matter-how-much-recoverwe#50770452.

Bitcoin itself is tended to tender security funds where not even a community would be in charge about as a medium to limit looting with the historical laundries experiences.

I always the sets of government that disassociates itself from adoptation of Bitcoin and other related cryptocurrencies are biased because there is no just rooms created for their looking.
What a mad era and a crazy world we are today were politicians steals the public funds and they are celebrated while the common man steals bread to eat would be termed the criminal.

I am a bit confused here.

Is this the part where them (which ever group or persons within this category) is defined to not be educated?

That they dwell on theories that aren’t correct or wrong doesn’t make no one uneducated. It’s just another garbage that is fed to everyone who is concerned and dares to read whatever is out there on the internet or from which ever resource.

The idea to climate change comes from the high electricity values required for mining with them rigs. Mining has become so sophisticated and depending on your immediate environment, you might need conventional power supply sources of which (fossil) fuel remains a more prominent source, accounts for emissions and as a result, climate change.

That’s what the weather people would say but again, why being so focused on Bitcoin? I mean, it’s not done what the refineries are doing…

Bitcoin remains a target for most government and centralized systems out there because of what it stands to change but, it’s an idea that is accepted by some and rejected by others. Let it move at it’s pace.

Everything is clear and I know everyone knows that the government is focusing more and more on opposing Bitcoin. Before the invention of Bitcoin there was fiat currency and illegal activities were also done at that time, criminal and funding to them are done in fiat currency but the government blamed Bitcoin for all this. There were may be some illegal activities done in the past and was very minor but the government do not make it a base that is fully involved in illegal activities. The biggest fear of the government is that people are going out of their control because due to bank and fiat currency, they bound people but thanks to Satoshi he made independence from this system and now the government is trying to make Bitcoin centralized or make it notorious so that people will leave it.

That is true. People don't acknowledge the fact that illegal activities like money lanudering is being carried out since a long time.
It has been happening before bitcoin and after bitcoin but people are only focusing on bitcoin and it's bad uses.
They aren't seeing the positive sides of bitcoin and illicit sides of fiat and this is mostly because of news and media.
They have portrayed bitcoin like this to the world and people are blindly believing these news anchors.

That's what they are known for. They don't like it when a system can function independently of their ideology and so will do everything possible within their power to ensure that they either bring it down or succeed in making it a part of their self-centered system. That's why they will rather support the concept of CBDC and banks that they can control and dictate affairs for and will do anything possible to ensure that Bitcoin is not generally acceptable by the majority of the society. The funny thing is that most of the leaders of the  countries that see so many bad thing associated with bitcoin mining and will never accept it in there country are the same people that will steal public funds and convert it to coins so that the financial crime enforcement agency won't be able to trace those money.

These type of notions are always propagated because this is what the public wants to hear. For the common public bitcoin is like a hackers money, terrorists funds and hence gets all the adjectives that are synonymous with "BAD" - so when someone says that the mining causes pollution, they always create buzz on that.

Since they hate crypto so much, anything bad in crypto makes them feel wet between the thighs and always promote that too.

How I view this is that let them do so, my ideals are clear and I will accumulate bitcoin for its price rise in future. The less they get into bitcoin the better for me because then I will have so many people to dump on.

The only bad thing about this is that it slows down the progress and acceptance. But we will have to bear through that.

Well what do you expect them to do? I mean since you can't beat them and join, then they actually results to only one possible means which is to actually paint the image of Bitcoin as a viable and most used means of money laundering. They have totally forgotten all the money that is been syphoned from their bank account, I mean the banking system has been the perfect means of moving funds over the long years and they deem it fit to paint it black now that Bitcoin is being used for same purpose but they forget every good project must have some downside which is just the normal base of life .

  The government see bitcoin as a threat to the system because they can’t control it, the decentralization of bitcoin, will ease the so much burden the system as place on the people, are afraid of losing the control they have on individuals. Even the the World Bank themselves gave the excuse of:
Transparency … what a load of bull. The fact that every transaction and every wallet is viewable by anyone looking at the Bitcoin blockchain means “transparency” is a LOT better than using dollars.
Environmental impact … again, what a load of bull. Even now, more than 70% of Bitcoin mining is already using renewable sources of electricity. Not to be “green”, but because the cost of fossil fuel is getting so high. This is climbing, since China banned Bitcoin mining in their cheap, government sponsored, coal burning regions.
All excuses. Extremely easy to see the lie.
   The real reason they just don’t want to: If they accept BTC as a world currency, all those crappy Fiat stuff will soon lose value due to this alternative. Every country in the world would immediately need to also accept BTC as a normal trading currency. And thus every country in the world would see their own currencies compete against BTC. Which in turn means there’s no more barriers to stop their currencies going into free-fall hyperinflation. I.e. the real reason is FEAR. Period. All else is simply excuses to try and save face.

It's something worth laughing over because on a daily these guys are finding new ways to appear comical to the public. First, they tried attacking Bitcoin by labeling it a scam currency and having no value just to dissuade users and since that did not get the effect they thought it would, they come up with this lame excuse of Bitcoin mining causing global warming? I expected better from them but what did I expect from people who would go to any length just to ensure they control everything.
 These financial institutions have overtime aided in misusing funds of the public but the government turns a blind eye because they are the masterminds behind it and will fight to ensure that nothing hinders them from that access and will  make sure they suppress anything (in this case, Bitcoin) that tries to make them look irrelevant and there's no better way to do that than to choke it's existence with rules and regulations.

I don't know the kind of education OP is referring to, but I guess it is conventional education from schools. Attending a school does not guarantee education because an educated man should have an open mind to reason and read about issues before making conclusions. So it is true that many people who go to school are not educated because they fail to use their minds.  People fail to know that most information they get from some news channels is designed by the government and other organisations to control their thinking. And many people are too lazy to research to validate if this information is true or fake.  

African leaders are arguably the most corrupt in the world in terms of stealing from the commonwealth and impoverishing the people. Most of these funds stolen from these nations by politicians are laundered to foreign banks. Recently some of the money stolen by these corrupt politicians was discovered and gradually repatriated to my country. None of these funds are in Bitcoin, in fact, most of them are in some of the leading currencies of the world. My country has not discovered any money laundering carried out using bitcoin. Attacking bitcoin because of illegal activities is the only excuse the government has and sadly some educated illiterates are digesting this misinformation.

There are many good people who use mixers for the sake of privacy, making laws such as these FinCEN regulations is like assuming that everybody who uses mixers is a criminal. The government have not prohibited the use of fiat because it is used for money laundering because it is within their control.         

I have a very simple explanation for OP. You go to your neighbors house and rob all money from him, it's a crime. Now IRS goes to your neighbor's house and took all money from him complaining that he is a tax defaulter. For your neighbor, he lost all his money. But the situation changes on who has robbed him! So if anything is done by the government, it's never illegal because they setup the law.

So you will always have such issues with the banking system. Banks will try to freeze your account for any reason. banks very well understand that cryptocurrency is a system that can put their existence at risk. So Banks will fight back, they will do things not favorable for crypto users. And it is not limited to any country, rather it's an international issue.

This is one of the funniest thing I have ever read. I don't know if the more educated these scientist get, the more stupid they become.  The heavy industries in China, the open gas flaring in Nigeria and the various coal and nuclear powered turbines do not cause global warming bit Bitcoin mining farm? These guys are really making mockery of science just the way they did during covid19.  

I have always known it will come the point where governments will conjure all manner of theories and hypothesis to be fully in charge of Bitcoin and all that has to do with it. Mixers actually make this impossible, hence their outburst against mixers.
Before the advent of Bitcoin and tumblers, terrorism have always been financed through the conventional payment systems, NGOs, charity and religious organisations and others. Linking Bitcoin to terror financing is just a case of "giving a dog a bad name in other to kill it"

I wonder what their definition of mixers is and how they will determine that you used a mixer. We are not talking about CoinJoin or services that leave a fingerprint, but rather third-party applications that manage thousands of Bitcoins and mix customer funds using algorithms. Suppose they recognized that the currencies were mixed, what is the difference? I can understand that a source of income is requested, but the source of currencies is an acknowledgment of the existence of clean and dirty currencies, and if this concept continues, it is the end of any currency.

services flagging deposits due to taint of mixing.. is not due to LE watching that transaction taint. its due to the service watching.
those services then have to do internal investigations to see if it reaches a threshold of suspicion to then report it to LE
not all transactions get seen by LE
LE does not watch everything. they just get the juicy reports of activities that reach a certain level of suspicion

its these services that dont want the headaches of watching, investigating and reporting. because if they make a mistake they can be fined..
receiving funds. which they do no due diligence on. and dont report any suspicious risk, makes the service liable/associated with proceeds of a crime..
so most prefer to just avoid payment methods which can result in more workload/fines for them

when we see mixer affiliates just shout "everyone should use mixers" that is not advice. thats advertising. and its advertising of things that cause more headaches and more negativity for users and services

what operators of "mixers" should do is rebrand. change their code, change the methodology and be smart of offering a service that does not advertise itself as something that is regulatorally listed as suspicious. end result for users is they get funds with different taint (sale goal) but advertised, described and functionally different to what regulations describe
then services wont flag it and wont report it and the world is a better place

This is so harsh.

However,  we all should make a few hops (or at least one) after interacting with a mixer, before sending to a centralized exchange. This should keep you out of this kind of trouble

One more reason never to leave any money in any exchange.

These companies will continue to bend the knee to regulatory pressures, otherwise they won’t be permitted to do business in said countries. Don’t be surprised at anything they comply with after being told so by their masters.