Topic: we're going to be discussed at the world bank 6/14 - page 3. (Read 11481 times)

I think the idea of PedoCoin is pretty cool, it sure is better than ButtCoin.

Wat?!

Bitcoin will probably be on their radar soon enough. They love cash. And Bitcoin is an order of magnitude superior to its paper counterpart

You guys must be joking.  If bitcoin had even 1% of black market or "money laundering" (in any meaning you might take from it) the USD/BTC exchange rate would be a factor 10 to 100 times higher.  Do you seriously think silk road is even on the radar of the major importers / dealers?  Leave the forum and get outside a bit. 

Well, Bitcoin was not designed to cure stupidity. If everybody starts thinking Botcoin = Pedocoin, so be it. This experiment would have failed because the world had its brain washed and totally gave up its will for freedom and self-respect.

I don't think it's the case. That kind of attack may slow down Bitcoin, but it wont stop it. The upcoming generation will naturally understand it, and we all know here how much genius and potential this tool has.

FTFY

There probably is more money laundered into the wall street from delaware companies than with BTC total.

Someone needs to write up fiat as if it's a new virtual currency in graphical form but only reveal the punchline at the bottom.

They're going to meet to think how much money they're going to invest on bitcoin

Danger, Will Robinson.

Please formulate your question more accurately.

I wonder which is used more for illicit activities Cash or Bitcoin?

Ok, I'll give you what you want to hear, because I think it's at least partly true: The main area where cryptographic transactions shine (because there is no other solution anywhere near as useful) is online black markets for illegal goods and services.

However please consider: when talking sr, bitcoin is only used for "transmission" and users complain about volatility (they'd rather just have fiat balance on sr).

But bitcoin is also a money and a damn good one, too.

That's the other true part: Bitcoin is being used as a store of wealth.

tldr: it's SPENT on drugs, it's STORED for preservation of wealth. Which of these two makes use of more coins?

Year, I always launder those together with my money. Gives them that special touch.

hmm. Would it be possible to defend Bitcoin by actually inventing PedoCoin and somehow diverting all the smear? "no no, that's 'PedoCoin', not 'Bitcoin'. Those journalists got that wrong".

Did we ever learn details of the "pedo-links in the blockchain" story?

Did some kid plant them for lulz?... or was it these guys setting up their "catch"?

The story always seemed odd to me - I couldn't see why any "real" pedo-types would bother fiddling with the blockchain. I still can't.

It's the Dr. Evil version of Bitcoin, just like the ''La-Ser''.

This insight doesn't matter. The media will make the connection "bitcoin" <-> "cp" just as they made the connection "anarchy" <-> "chaos" for example in peoples heads. Doesn't work by using rational thinking.

Alpaca socks of course... Laced with cocaine, dipped in child porn, and sprinkled in fraudulent investment schemes.

Let's forget about speculation for a moment, as well as mining. What do you think is main USE of bitcoin? On what it is being it is being SPENT? Just want to hear your opinion.

Yep and behind those closed doors real opinions don't matter

The issue is complex. The global payments market continues to evolve. Technology is changing the very nature of money and has prompted the creation of a new Internet-based financial system. Alternative payment methods and digital currencies are being widely used today. Most of those who use this new financial system are not criminals.

However, this new system is unregulated and has become a preferred venue for the sale of illicit drugs, weapons, and for those who are involved in commercial child sexual exploitation. This virtual economy includes anonymous payment systems, digital currencies, and bulletproof hosting service providers which enable users with the ability to upload, store, and distribute content with little risk.

(Just focusing on the negatives equates to fear mongering)
It can promote terrorism (So can HBC lol)
It can trade porn and drugs (So can money)
Think of the children (Think of all the third world problems it could solve)
Think of the dark net (Silk road is less than 0.1% of trade now I believe)
We must monitor it (Sure just like the CIA watches whatever we do without permission)

Fear begets Fear unfortunately a bad PR campaign can stall something that should be obvious
Bitcoin has a lot more good than bad
But throwing the children card that's just low

On another note
This could be a battle between generations as well (Old System vs New Systems)