Topic: Who need bitcoin to launder money when you have... - page 2. (Read 4731 times)
Now that's funny!
(Sometimes literally. Few month ago I've sold my old mobile phone on ebay and when the payment arrived she spent it on horse and chicken manure "for the strawberries".)
Yep, that's quite the opposite of "domestic laundering". 
Well I must admit I'm using bitcoins for "domestic money laundering". It's a good way to channel trough my "pocket money", make some extra income AND hide it from my wife's watching eyes, before she can turn it to shite 
. (Sometimes literally. Few month ago I've sold my old mobile phone on ebay and when the payment arrived she spent it on horse and chicken manure "for the strawberries".)
. (Sometimes literally. Few month ago I've sold my old mobile phone on ebay and when the payment arrived she spent it on horse and chicken manure "for the strawberries".) ...the 500 EURO note - AKA the "Bin Laden"
http://www.bloomberg.com/news/2010-04-19/500-euro-bill-lifts-crime-terror-tax-risk-bank-of-italy-says.html
When Russia arrested this US CIA spy lately, he had a stash of Bin Ladens on him too.http://www.bloomberg.com/news/2010-04-19/500-euro-bill-lifts-crime-terror-tax-risk-bank-of-italy-says.html
Quote
The man, Ryan C. Fogle—is that his real name? And did he really go spying about in Moscow carrying his real ID and embassy papers? While also carrying wigs and other disguises? Oy vey!—was nabbed with stacks of 500-euro notes and a written pledge to give $1 million to an informant (i.e., a spy) he was trying to recruit.
http://www.thenation.com/blog/174317/cias-russia-spy-flap-dumb-and-dumber 
They can always use this:
Much smaller...
Much smaller...
I have 15 of those. So I'm a quadrillionaire.
What's strange about 500 euro bills? We had 1000 Guilders bills before (about 450 euro). Anything above 50 euro is seldom used though and not accepted at most places besides banks. No ATM I've been to in the Netherlands has ever spit out anything above a 50 euro bill.
And the Swiss? They need to pay with 1000 CHF bills because that is the price of the average drink in the capital. (just kidding, it is really expensive though)
And the Swiss? They need to pay with 1000 CHF bills because that is the price of the average drink in the capital. (just kidding, it is really expensive though
)I got a 100 euro note once and no shop would accept it except the Albert Heijn supermarkets. I tried changing it at my bank first but they only would put it in my account, not change it. Since I was in the red back then and needed the cash I ended up buying a cheap item at Albert Heijn with a 100 euro bill. Which was a bit embarrassing but the cashier accepted it without making a remark.
Forget about 500 Euro or even 1,000 CHF.
Singapore prints a $10,000 note
That is about $5970 EURO or more than 10 times the amount of the "Bin Laden" 500 Euro.
AFAIK these are still printed and in circulation, it has a hologram on it so this is certainly not a antique note.
Singapore prints a $10,000 note
That is about $5970 EURO or more than 10 times the amount of the "Bin Laden" 500 Euro.
AFAIK these are still printed and in circulation, it has a hologram on it so this is certainly not a antique note.
Whys it called the "Bin Laden"
(...) Nicknamed the “Bin Laden”, because everyone knows what they look like but nobody’s ever seen one, (...)
Except a few high-level members of Al-Q and the CIA
HEYYYY-OO
Current 1'000CHF (= 1075USD, 816EUR) banknote is this one :
It looks like a photocopier test-page, a bit.
...the 500 EURO note - AKA the "Bin Laden"
http://www.bloomberg.com/news/2010-04-19/500-euro-bill-lifts-crime-terror-tax-risk-bank-of-italy-says.html
http://www.bloomberg.com/news/2010-04-19/500-euro-bill-lifts-crime-terror-tax-risk-bank-of-italy-says.html
Whys it called the "Bin Laden"
(...) Nicknamed the “Bin Laden”, because everyone knows what they look like but nobody’s ever seen one, (...)
...the 500 EURO note - AKA the "Bin Laden"
http://www.bloomberg.com/news/2010-04-19/500-euro-bill-lifts-crime-terror-tax-risk-bank-of-italy-says.html
http://www.bloomberg.com/news/2010-04-19/500-euro-bill-lifts-crime-terror-tax-risk-bank-of-italy-says.html
Whys it called the "Bin Laden"
Current 1'000CHF (= 1075USD, 816EUR) banknote is this one :
It looks like a photocopier test-page, a bit.
They can always use this:
Much smaller...
Much smaller...
I think the fact that they have a security strip in them is ADORABLE.
A Learjet can carry about 3,000kg of cargo...
Bitcoin would be a much better alternative to all of the above
'correct horse battery millionaire'
Yep... or don't get paid in $100's in the first place!
Bitcoin would be a much better alternative to all of the above
'correct horse battery millionaire'
... slowly trades them for the notes that the customers bring in, and deposit the 100's as revenues while giving the smaller untainted notes back to the one wanting the laundry done?
Yep... or don't get paid in $100's in the first place!
The article is flawed because it mixes 2 very different issues. The first one is about money laundering and the second is about the underground economy. Bitcoin and large bank notes are good for the second, but not for the first. Excuse-me, but if you go to any bank in the world with a suitcase full of cash, you will look very suspicious.
Isn't the key about money laundering that you DON'T go straight to a bank? I.e, you give it to your car-wash owning friend to handle, who then slowly trades them for the notes that the customers bring in, and deposit the 100's as revenues while giving the smaller untainted notes back to the one wanting the laundry done? 
2 gallons ~= 7.5lt.
2 gal of gold = 146Kg = 5.691 million CHF = 5691 * 1000 CHF = the said suitcase, much lighter
The article is flawed because it mixes 2 very different issues. The first one is about money laundering and the second is about the underground economy. Bitcoin and large bank notes are good for the second, but not for the first. Excuse-me, but if you go to any bank in the world with a suitcase full of cash, you will look very suspicious.
2 gallons ~= 7.5lt.
They can always use this:
Much smaller...
Much smaller...
What's strange about 500 euro bills? We had 1000 Guilders bills before (about 450 euro). Anything above 50 euro is seldom used though and not accepted at most places besides banks. No ATM I've been to in the Netherlands has ever spit out anything above a 50 euro bill.
Actually, I would say anything above 100 EUR. At least in Austria it is very common to get 100 EUR notes from ATMs, and they are accepted anywhere without any problem. Higher denominations (200 and 500) are not so commonly used, but I've already paid somewhat expensive things with them and never had any problems.
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