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More illegal activity is done in Fiat than in BTC

Posted on: June 10, 2021 at 12:57:30 CT

Say_What MU

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M.O.B. Votes:

why would you use BTC for anything illegal... it's a public ****ing ledger, the only "anonymous" thing about btc is the hash that is your wallet.

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MESSAGE THREAD

Elizabeth Warren wants to take down cryptocurrency - El-ahrairah BAMA - 6/10 10:38:00

Miners pay the fair market price for the electricity that - Say_What MU - 6/10 12:55:59

It is about power over the financial resources of this - Bulldog Bob Brown STL - 6/10 11:55:36

Lol, holy crap - MIZ45 MU - 6/10 11:45:09

I bet she has a personal financial reason for saying - hokie VT - 6/10 10:47:37

It's simply non-US currency like the euro or Mexican peso, - SparkyStalcup MU - 6/10 10:44:54

lol you really are an idiot(nm) - Ragnar Danneskjold MU

- 6/10 11:06:38

so it really has nothing to do with climate change? (nm) - Sal CMSU - 6/10 10:45:25

Actually, she may have a pretty good point. It does take up - SparkyStalcup MU - 6/10 10:49:54

More illegal activity is done in Fiat than in BTC - Say_What MU - 6/10 12:57:30

No it’s used to help avoid taxation - El-ahrairah BAMA - 6/10 10:55:59

Evading taxation is criminal. Not reporting cash receipts - SparkyStalcup MU - 6/10 10:57:50

lol no (nm) - pickle MU

- 6/10 11:04:19

Everywhere except in the pickle universe, but I'm only - SparkyStalcup MU - 6/10 11:33:09

That's the thing - mizzouSECedes STL - 6/10 11:38:06

Yes, it is in a place. It is non-US. This is a binary choice - SparkyStalcup MU - 6/10 12:05:11

neither is the euro, but that doesn't prevent anybody - ashtray UF - 6/10 12:39:37

cash is used in criminal activity as well (nm) - Sal CMSU - 6/10 10:51:50

As stated in my prior post nm - SparkyStalcup MU - 6/10 10:52:37

Regulating it won't stop it from being used - Sal CMSU - 6/10 10:54:34

Regulating it would make it trackable, which would reduce - SparkyStalcup MU - 6/10 10:56:14

It's already trackable - Say_What MU - 6/10 12:58:19

impossible - ashtray UF - 6/10 10:58:13

As it stands now, yes. Regulating it would make those things - SparkyStalcup MU - 6/10 10:59:17

that's completely false - ashtray UF - 6/10 11:15:04

You are welcome to take your wallet to another country and - SparkyStalcup MU - 6/10 11:34:18

just like anybody else, which is why government - ashtray UF - 6/10 12:38:08

You can't take digital wallets to any finite place (nm) - mizzouSECedes STL - 6/10 11:41:41

He may not know that 1 $100 bill = 5 $20 bills(nm) - cnk ATL - 6/10 10:55:58

And takes up 5x as much space. Nm - SparkyStalcup MU - 6/10 10:56:45

gasp!(nm) - cnk ATL - 6/10 11:02:07

A consideration if you are moving millions of $$$$. Nm - SparkyStalcup MU - 6/10 11:02:55

sure, but if you are moving that much money, you have the - cnk ATL - 6/10 11:03:27

Perhaps, but size matters. Haha. Especially when you are - SparkyStalcup MU - 6/10 11:36:55

It’s why I wear a gigantic fanny pack in public(nm) - El-ahrairah BAMA - 6/10 10:59:52

I thought that was for the sunscreen. Nm - SparkyStalcup MU - 6/10 11:02:15

and snacks(nm) - cnk ATL - 6/10 11:02:42

It also has my asthma medication - El-ahrairah BAMA - 6/10 11:04:02

I almost never have to use that inhaler myself. Almost. Nm - SparkyStalcup MU - 6/10 11:36:07

Because the Fed/CB can’t control it, they want a digital - Razor MU - 6/10 10:42:17

meanwhile, El Salvador just made it legal tender (nm) - SwampTiger MU - 6/10 10:39:11

she is evil (nm) - pickle MU

- 6/10 10:38:23

It's simply non-US currency like the euro or Mexican peso, - SparkyStalcup MU - 6/10 10:41:01

Her excuse for wanting it taken down is climate change (nm) - Sal CMSU - 6/10 10:45:11

They just flip a coin - El-ahrairah BAMA - 6/10 10:46:26

i think you meant this for someone else (nm) - pickle MU

- 6/10 10:43:00

Yeah, I did. Consider it one rung up in the thread. Nm - SparkyStalcup MU - 6/10 10:43:57