4Chan Accepts Bitcoin

Post by duiker101 » Thu, Dec 13, 2012, 11:44 AM UTC

jrogers65 wrote: post #7

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

Why do you consider people who frequent the Silk Road to be scumbags?

Post by scotty79 » Thu, Dec 13, 2012, 11:49 AM UTC

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

Post by Nursie » Thu, Dec 13, 2012, 11:56 AM UTC

scotty79 wrote: post #13

Nursie wrote: post #6

Awesome, between /b/, money launderers, the Silk Road, and its arms-dealing offshoot, bitcoin may have attracted the attention of all the scumbags on the internet!

I'm strongly surprised that is not widely used for money laundering yet. It seems perfect for the purpose of storing value and moving it semi-anonymously. Especially since you can just buy a bunch of very generic hardware with stolen money and mine pure money. I'm hoping underground will adopt bitcoins widely before I'll be forced to sell the ones I own. Maybe there has to be generation change for that, but luckily g…

Post by Nursie » Thu, Dec 13, 2012, 12:11 PM UTC

scotty79 wrote: post #16

Nursie wrote: post #15

Earlier quoted context omitted.

I'm not sure whether it's that easy to break even on mining equipment and electricity any more, I think it was getting tight for a lot of folks. Unsure though. As for money laundering - bitcoin laundry services do exist, I'm not sure how much money you could put through the exchanges without disturbing the economy significantly, but likely quite a bit. Maybe it's already happening?

I don't think money launderers expect to get 100% of clean money out of the money they have to clean up.

Post by finnw » Thu, Dec 13, 2012, 12:18 PM UTC

duiker101 wrote: post #11

jrogers65 wrote: post #7

Earlier quoted context omitted.

Why do you consider people who frequent the Silk Road to be scumbags?

Because usually it's people that do shady things, not bad things maybe, just things that people don't want you to see, no matter if it's just trading pot or else, or even if you have the best intentions. If you do need/want to hide something, people will assume you are doing something bad, and therefore you are a scumbag. Personally I don't care but this is how the world usually works.