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94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

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Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#451

Post by threwawasy1228 »

jonknee wrote: post #85
freediver wrote: post #77

Earlier quoted context omitted.

Well if I were to show up at the bank wanting to transfer $1bn I am sure I would get all kind of stares, but can not see a technical reason why they would not be able to do it. Difference with Bitcoin is you can do it completely anonymously, for all the good and bad things that go with that.

> completely anonymously Except we're all out here talking about this and no one knows what other $1bn transactions have occurred in the banking system today so we're not talking about those.

He means anonymous from bank actors and state actors obviously. When you transfer money with a bank or wire service they know who you are and who you are transferring money to. Nobody afaik, knows who either of these wallets are held by.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#452

Post by JMTQp8lwXL »

antisthenes wrote: post #339
JMTQp8lwXL wrote: post #215

Earlier quoted context omitted.

Fidelity found that only 12 percent of millionaires inherited at least 10 percent of their net worth-- 88% are self-made. https://money.usnews.com/money/blogs/on-retirement/articles/...

And? You can pay for someone's top university education (~$250k) and pay their food and rent for the first 10 years since they graduate (another ~$240k). Notice how there's no direct contribution to their net-worth.

A top university education isn't essential to becoming wealthy. Saving habits likely have more influence. You can go to Harvard, and then secure a well-paying job, but if you're going to spend your income on a penthouse in Manhattan, you're not going to be saving anything. Is it a leg up? Sure. I hate to use anecdotal evidence, but I went to a virtually no-name CS school, and ended up in the top ~5% of the income distribution 4 years after graduating.

Re: 94k Bitcoin (1B USD) transferred from unknown wallet to unknown wallet

#456

Post by ummwhat »

lubesGordi wrote: post #372
homologate wrote: post #365

Earlier quoted context omitted.

https://www.justice.gov/usao-ndca/pr/russian-national-and-bi...

Thanks for posting this. I don't understand how the US can go in and decide BTC-e was a money laundering op and then confiscate bitcoins and put people in jail. Who decides who gets those bitcoins? Surely many other countries have money laundering laws. What makes the US so special that they can go flip a business operating in the Ukraine?

Ostensible justification: some trivial amount of money laundering could be traced to the US (iirc a few thousand dollars worth).

Real justification: Extraterritoriality is a thing you get to do when you're an empire.

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