Will the Panama Papers open eyes of public towards Crypto?

americanpegasus

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Quote from: parmatiya on April 07, 2016, 09:49:58 AM

Quote from: americanpegasus on April 05, 2016, 07:27:25 PM

Bullish af for Monero and other Cryptonotes. Cool

Would Dash or other anonymous coins also be useful in this regard? I thought they are also anonymous.

There have been many explanations of why Dash is broken to the core. The masternode system is circumspect and does not offer good anonymity - it can be broken similar to the way that agencies can host poison TOR exit nodes. Secondly, the head dev of Dash (whether by accident or design) changed the mining/rewards such that he ended up with a vast treasure trove of Dash for free. Many refer to this as a ninja-mine.

So you have an inherently flawed technology where a majority of the tokens are held by early participants who did not fairly earn them.

No, Dash will not be taken seriously once anon-coins get out of the basement. There are only a few anon coins that can be taken seriously, and they are all Cryptonotes: Monero, Aeon, and perhaps one or two others (I know a joke coin, Neptunium, just launched for example).

parmatiya

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Quote from: americanpegasus on April 05, 2016, 07:27:25 PM

Bullish af for Monero and other Cryptonotes. Cool

Would Dash or other anonymous coins also be useful in this regard? I thought they are also anonymous.

LTEX

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Meanwhile the Pirate party comes out of polls way on top!:

This is good news for us for this party is very open towards Cryptocurrency and so also towards Auroracoin!

alyssa85

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Quote from: BellaBitBit on April 04, 2016, 11:43:07 PM

These are interesting developments in Iceland. Maybe something like this will turn more eyes towards Crypto. Blockchains keep accurate records so they can't hide things like they can now. Ironically there will be more transparency with various cryptos and this is what people are demanding of their leaders.

This. The blockchain is a public ledger and can't be bribed. I would think this development will speed up countries adopting blockchains for their own currencies, so everything can be tracked.

The Panama thing is happening because cash can't really be tracked, so many dollars are outside the US, they've lost control, and in that situation dollars + some criminal lawyers in places like Panama are all you need to hide your wealth.

DonYo

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Quote from: zalucia on April 06, 2016, 12:46:24 PM

Quote from: americanpegasus on April 05, 2016, 07:27:25 PM

Bullish af for Monero and other Cryptonotes. Cool

Those people use offshare compaines to hide the tax authorities of their profits. So the investment is involved. How can invest in Monero give some profits apart from the coin appreciation?

You can loan them.

That's not is a Crypto-Coin problem, is a services related problem and the lack of them, nothing that can't be saved

zalucia

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Quote from: americanpegasus on April 05, 2016, 07:27:25 PM

Bullish af for Monero and other Cryptonotes. Cool

Those people use offshare compaines to hide the tax authorities of their profits. So the investment is involved. How can invest in Monero give some profits apart from the coin appreciation?

Nxtblg

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Quote from: americanpegasus on April 05, 2016, 07:27:25 PM

Bullish af for Monero and other Cryptonotes. Cool

Want a laugh? Look at what this fella thinks the Panama Papers are also "bullish" for:

http://www.nationalreview.com/article/433696/national-security-agency-panama-papers-prove-its-worth

sandiman

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Quote from: LTEX on April 05, 2016, 05:21:35 PM

Quote from: sandiman on April 05, 2016, 05:19:31 PM

I was wondering when ISX will open?
edit: it is not stated in the article

ISX will open right after the change to multi algo occurs. By estimate that would be around 1st of may this year.

Thank you for the quick answer ! going to watch closely auroracoin from now one, we be nice for the whole cryptocommunity if your scenario happens, or at least part of it.

iram66680

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This is the story that just keeps giving and giving.... just like wiki-leaks.
Superb that this has happened. The lawyers did this to get more clients for their other offices around the world it is all a plan of attack for them. Angry

americanpegasus

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Bullish af for Monero and other Cryptonotes. Cool

LTEX

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Quote from: sandiman on April 05, 2016, 05:19:31 PM

I was wondering when ISX will open?
edit: it is not stated in the article

ISX will open right after the change to multi algo occurs. By estimate that would be around 1st of may this year.

sandiman

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I was wondering when ISX will open?
edit: it is not stated in the article

Wosterlee

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Quote from: LTEX on April 05, 2016, 02:38:12 PM

Quote from: onlinedragon on April 05, 2016, 02:28:33 PM

Today the first big Dutch name released. Clarence Ceedorf well known person in the football world. I wonder who will be next on the big list.

Haha, well if you regard Clarence Seedorf to be a "big name"? I'm personally waiting to read Klaas Knot is on that list as well ;-)

Lol, Klaas and most banksters have stored their wealth at the Bank of International Settlements (BIS). A bank free of taxes and legislation.

MisO69

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Quote from: Monerobuyer0 on April 04, 2016, 06:50:45 PM

Quote from: MisO69 on April 04, 2016, 02:07:03 PM

Perhaps the elite will start using crypto to store their wealth.. Roll Eyes

When the Elite start using crypto for this purpose, they'll stop getting caught....but only if they use Monero, not Bitcoin.

Bitcoin would work for them too. All they would have to do is secure their addresses and private keys. Unless they "give it up" to LEO then there is no way anyone can know who owns which addresses.

toknormal

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To me it looks like the Icelandic people are being played.

I always wondered how Iceland was the only country to snub the European Union and get away with it...until now.

What's happened there just looks like a coup to me. A senior politician's wife owns some assets in an offshore bank account ? Big deal. The doesn't sound like the real agenda to me.

Current Icelandic Government calls a halt to Iceland's EU application, then gets toppled by a revelation made by Soros funded Wikileaks/ICIJ ? Icelandic Pirate party senior staff was Julian Assange's right hand woman and Pirate party has a pro-EU agenda and intends to restart their application, meanwhile all known mainstream news organisations across the EU make sure disgraced PM's face and Icelandic flag is plastered on every news channel and newspaper ?

That sounds more like a "proper" agenda Wink

LTEX

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Quote from: onlinedragon on April 05, 2016, 02:28:33 PM

Today the first big Dutch name released. Clarence Ceedorf well known person in the football world. I wonder who will be next on the big list.

Haha, well if you regard Clarence Seedorf to be a "big name"? I'm personally waiting to read Klaas Knot is on that list as well ;-)

onlinedragon

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Today the first big Dutch name released. Clarence Ceedorf well known person in the football world. I wonder who will be next on the big list.

instacalm

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Quote from: LTEX on April 05, 2016, 09:59:26 AM

Well, Iceland is the only country that has overthrown their entire government by putting out a strong voice of the people (yesterday almost 10% of the people came to protest) TWICE now!

Also it's the only country in the world that is in complete isolation due to their currency controls. And now it probably will become the first country in the world that is going to put a Pirate party in the gov seat. A party that already expressed it's embracement of Crypto currencies!

Any yes, Auroracoin happens to be the only crypto currency currently available to Icelanders (BTC is almost impossible to acquire due to the currency controls).

Adding up those things, I would say this is extremely relevant, both by watching Panama Papers standard and Altcoins discussion!

Nxtblg

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Quote from: LTEX on April 05, 2016, 09:59:26 AM

Well, Iceland is the only country that has overthrown their entire government by putting out a strong voice of the people (yesterday almost 10% of the people came to protest) TWICE now!

Also it's the only country in the world that is in complete isolation due to their currency controls. And now it probably will become the first country in the world that is going to put a Pirate party in the gov seat. A party that already expressed it's embracement of Crypto currencies!

And thirdly, Iceland's population is quite small. It's a lot easier for populists to "git 'er done" in a small-populations jurisdiction than in a large one.

Contrast it to America: a protest comprising 10% of the American population would comprise 33 million people.

LTEX

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Quote from: alyssa85 on April 05, 2016, 01:52:41 PM

Quote from: LTEX on April 04, 2016, 05:26:41 AM

I agree, doesn't need to be just about Auroracoin, it's just what puts it into good perspective towards the influence it has on crypto. Auroracoin is extremely close to general adoption in Iceland, it just got a mayor push here thanks to those papers.

What do you mean by "extremely close"? Are retailers there accepting aurora? Landlords, mortgage companies? If no, it's not extremely close at all.

Perhaps you should read the article above? Wink

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