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HokieAl

Joined: 10/07/1999 Posts: 15853
Likes: 4627

What's this?

You can’t think of it like the banking that we do


For the criminals who use it, they need to move money around without it getting caught and then launder it into clean money. That is a complicated process so the structure of crypto gives them flexibility. And that flexibility makes it harder to provide oversight and catch the bad guys. It is changing from the old days where they would just over pay for a mansion in Miami or condo in NY and use the real estate to move the money.

(In response to this post by 81_Hokie)

Posted: 08/07/2019 at 09:15AM


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Current Thread:
 
  Cryptocurrency question recently -- HokieForever 08/07/2019 08:34AM
  I started the original thread to judge adoption -- MrBayAreaHokie 08/07/2019 11:29AM
  What's the worst thing that could happen- live and learn i say ** -- bigbadbird 08/07/2019 10:56AM
  You guys realize that bitcoin is not anonymous right? -- vtbones 08/07/2019 09:20AM
  Only the wallet id is traceable not who owns it -- HokieForever 08/07/2019 09:34AM
  It just seems like Enron Part deux.... -- `lag 08/07/2019 08:46AM
  People like the flexibility -- HokieForever 08/07/2019 08:52AM
  What "flexibility" is that? other than anonymity needed for illicit -- 81_Hokie 08/07/2019 09:03AM
  You can’t think of it like the banking that we do -- HokieAl 08/07/2019 09:15AM
  Privacy. Anonymity isn't just hiding from the government, it's not having -- jmanatVT 08/07/2019 09:14AM
  Yeah, imagine you lived in Cypress -- MrBayAreaHokie 08/07/2019 11:37AM
  Cyprus? ** -- TomTurkey 08/07/2019 11:59AM
  Yeah, typo my bad ** -- MrBayAreaHokie 08/07/2019 12:14PM
  Those swamp trees will really get after ya 😎 ** -- TomTurkey 08/07/2019 12:18PM
  Topical.....cyprus mentioned -- MrBayAreaHokie 08/07/2019 8:01PM
  The dollar is pretty international and much more liquid than bitcoin ** -- 81_Hokie 08/07/2019 10:10AM
  Legit international tranasctions -- HokieForever 08/07/2019 09:12AM

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