71–80 of 99 posts
Countries have extradition treaties. Hell even when they don't if you're a diplomatic nuisance you'll be thrown on an airplane- which is what happened to a Dutch drug cartel leader in Dubai.
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>Generally: if you’re trying to fix something, Yes the fix is clear to me. Remove KYC+AML from the banking/monetary system. The expansion of crypto is in part a response to a pompous ignorance of government officials, attempting to impose a search of your papers merely for banking and the government implementing policies so stupid even a B-list editor wouldn't believe it. The government failed so other actors came in…
Chesterton’s fence fail.
Excellent point.
The legislature ripped quite a bit of privacy and freedom from the banking system post 9/11 on an almost blind rampage, without doing much stopping and asking why things were they were. I admit it was the ultimate Chesterton's fence fail on the government's part and likely a big reason why a new fence seems to have been built with crypto.
Honestly even bitcoin the white paper seems to have had more thought poured into it than the Patriot Act, which kicked off much of the KYC reforms in the US. In reality I think many of the adopters of cryptocurrency realized exactly the dystopia that the banking system was going down and very deliberately tried to take some of the failures of government into account.
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Chesterton’s fence fail.
>Chesterton’s fence fail. Excellent point. The legislature ripped quite a bit of privacy and freedom from the banking system post 9/11 on an almost blind rampage, without doing much stopping and asking why things were they were. I admit it was the ultimate Chesterton's fence fail on the government's part and likely a big reason why a new fence seems to have been built with crypto. Honestly even bitcoin the white pape…
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Chesterton’s fence fail.
>Chesterton’s fence fail. Excellent point. The legislature ripped quite a bit of privacy and freedom from the banking system post 9/11 on an almost blind rampage, without doing much stopping and asking why things were they were. I admit it was the ultimate Chesterton's fence fail on the government's part and likely a big reason why a new fence seems to have been built with crypto. Honestly even bitcoin the white pape…
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> gold shares a lot of properties with Bitcoin, and therefore should be considered a sham by most of HN Gold and gold buggery are separate. Gold and silver have deep precedence as money. They're also useful commodities. Gold buggery involves retail investors disproportionately allocating to gold as a buy-and-hold asset, often with emotional attachment. Those buying crypto because it's going to free the world or whate…
Central banks definitely don't own gold because it's such a useful commodity. Are central banks gold bugs?
It's proving quite useful to Russia's central bank which is selling gold to China as many of its other reserves have been frozen.
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He's not the Korean elite. He screwed over the Korean elite. They will throw the book at him I'd guess.
> He screwed over the Korean elite There is zero chance they’re falling for crypto. This is a problem for the gambling masses. To the degree it harms any elite, it’s by introducing political instability in Korea and reducing Singapore’s standing as a stable financial centre.
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>Chesterton’s fence fail. Excellent point. The legislature ripped quite a bit of privacy and freedom from the banking system post 9/11 on an almost blind rampage, without doing much stopping and asking why things were they were. I admit it was the ultimate Chesterton's fence fail on the government's part and likely a big reason why a new fence seems to have been built with crypto. Honestly even bitcoin the white pape…
The libertarian fallacy: the solution to bad regulation is no regulation whatsoever.
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The libertarian fallacy: the solution to bad regulation is no regulation whatsoever.
The freen fallacy: anything between 'Patriot Act era KYC' and 'the solution' is libertarian nonsense.
Don’t disagree, but throwing the baby out with the bath water and going full raw dog lets speed run the entire history of financial fraud is not a good idea.
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>Chesterton’s fence fail. Excellent point. The legislature ripped quite a bit of privacy and freedom from the banking system post 9/11 on an almost blind rampage, without doing much stopping and asking why things were they were. I admit it was the ultimate Chesterton's fence fail on the government's part and likely a big reason why a new fence seems to have been built with crypto. Honestly even bitcoin the white pape…
People just don't want to pay their taxes,buy drugs/weapons/illegal porn or launder cash. Couching it in high minded ideals isn't fooling anyone.
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By number, maybe. By dollars, no. Madoff's core operation was based on scamming rich Jews in New York City, Palm Beach, Florida, and Hollywood. In each location, he had a prominent Jewish leader steering investors to his fund. Ezra Merkin handled New York, Stanley Chais handled Hollywood, and Madoff himself worked the Palm Beach Country Club. This was very much an in-person scam. A long list of celebrities lost big.…
Your point would not be weakened if you left ethnicity out of it, but risks coming across as un-credible and conspiracy driven with the addition. I'd recommend an edit.
It's also a fact of the world that the rich are generally better able to pursue legal action to recover money that they've lost than the poor. The fact that these rich people were Jewish doesn't make much of a difference here (not to mention that the Madoff scheme was extremely infamous after it imploded, so it was more likely to receive resources to rectifying the wrongs that Madoff dealt as compared to an equally-damaging but less well-known scheme).