121–129 of 129 posts
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"Money laundering has never been so easy! Thanks E-stonia!"
So money laundering is the only reason for using cryptocurrencies? And who says cryptocurrencies can’t be regulated?
I believe this has huge implications for someone who would want to operate a company from a business friendly country, as opposed to say a country where the individual is located physically but is otherwise corrupt or war ridden. My understanding is that this status allows you to form companies, open bank accounts and sign binding documents just like someone living in Estonia. And that is pretty impressive. Add crypt…
I agree this is interesting, but the problem is that there is nothing to stop the government of the country in which you physically reside from having different ideas about what laws govern your dealings. If the country you are physically in wants to (e.g.) tax you, they can. (There are, of course, many more nefarious possibilities than taxation.) This is, I think, true in an "in accordance with international law" se…
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So money laundering is the only reason for using cryptocurrencies? And who says cryptocurrencies can’t be regulated?
I'm curious how you launder money in bitcoin. If you know that some btc was used for a "criminal" exchange, then you can track all the Satoshis through all their recipients. You can just blacklist the money in your country and any retailer using your blacklists would not accept it.
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I'm curious how you launder money in bitcoin. If you know that some btc was used for a "criminal" exchange, then you can track all the Satoshis through all their recipients. You can just blacklist the money in your country and any retailer using your blacklists would not accept it.
One example how it can be done: https://news.ycombinator.com/item?id=8130592
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One example how it can be done: https://news.ycombinator.com/item?id=8130592
I mean in a bitcoin economy. The only reason that example works is because the input fiat does not have the transparency of a blockchain behind it. If you were end to end using bitcoin, ie, drug dealer gets paid in bitcoin, then if you know its drug money you can blacklist it forever because its always traceable.
Is there any reason why I - being perfectly happy with my American citizenship and residency and having zero intent to change either - should avoid getting one for the novelty of it? I mean, is there any possible downside to getting this thing out of a sci-fi novel?
I really don't understand why Americans aren't moving out and dumping their citizenships in droves. I know that earning money in USA is supposedly easier than anywhere else but still...
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I agree this is interesting, but the problem is that there is nothing to stop the government of the country in which you physically reside from having different ideas about what laws govern your dealings. If the country you are physically in wants to (e.g.) tax you, they can. (There are, of course, many more nefarious possibilities than taxation.) This is, I think, true in an "in accordance with international law" se…
Can they though? If all of the money is kept in Estonia for example, and none actually goes through your identity or a business elsewhere - then that company wouldn't have any right to it from my understanding. Until you pay someone in another country - then the other one can't dip their hand in it. Isn't this why so many companies are based out of random countries to begin with?
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I see a lot of that across Europe. I've been dying to do a road trip out that way (from the UK) but it's difficult with three children. Everyone I've met and spoken to out there has been through some serious shit right up until the late 1990s from wars to genocides. They really are forward thinking because looking back hurts badly. It might sound cheesy but I have a lot of hope for Europe and most of it comes from th…
> At the same time I'm disgusted at how the media and general population treats our fellow Europeans. I'm having trouble interpreting this sentence since I have no context. Does "the media and general population" refer to Western Europeans or does it refer to Estonians?
And then be sure to read this: https://estoniaevoting.org/ E-future cannot be built if we don't fix serious issues with software engineering. There is no guarantee of security. There is no assurance. We basically don't know how to build secure systems yet. As daily events show (from #fappening, #shellshock to Snowden's revelations), this is one of those "hard", unresolved problems...and not just from algorithmic (non…
The analysts themselves were invited to the country and to do the analysis by that opposition party (Centre Party/Keskerakond); they had participated in several Centre Party events prior to publishing the research. They were reimbursed for their expenses and most likely paid a fee for the analysis. The group had demands that the system be taken down; they however refused to publish details about the study which is uncommon and is not a sign of goodwill.