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How to launder Bitcoins

blog.oleganza.com

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Re: How to launder Bitcoins

#71

Post by VMG »

Helianthus wrote: post #55
VMG wrote: post #17

Earlier quoted context omitted.

Get used to it. This now is a bigger part of the tech world than NodeJS and friends.

I'm on fat0wl's train out of here. Previously I gave you guys the respect of honest antagonism. The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out. People throwing money around does not make a thing important. Don't you dare say no one warned you when the whole thing comes crashing down. And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin ful…

> And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed

A moral hedge - I like it!

Re: How to launder Bitcoins

#72

Post by daurnimator »

hershel wrote: post #25
oleganza wrote: post #23

Earlier quoted context omitted.

Tor works somehow and NSA admits that it's a pain in the ass even for them. When someone targets you specifically, you have little chances, but when the whole network routinely mixes coins it's much easier to hide in the woods.

Does tor conceal the fact that you're using TOR, i.e. peer discovery ? because i got the impression it didn't , that it only did conceal end to end links.

It doesn't explicitly say if you are the originator vs just some node on the way.

If you run a tor relay you can hide your own traffic in the noise.

Re: How to launder Bitcoins

#73

Post by cdash »

JSZZHlmumeUE wrote: post #46
oleganza wrote: post #42

Earlier quoted context omitted.

> I believe printing money is actually a good thing. But let's not get into an economics argument here. You are confusing ethical argument with an economical one. I was talking economics, not ethics. Governments get a lot of power from ability to print money and censor transactions. Bitcoin removes these sources of power to a high degree regardless of whether it's good or bad. Like, when the internet got huge, moral…

Like, when the internet got huge, moral question of whether people should be exposed to "evil books" or not becomes irrelevant. If one wants to read a book you think is not appropriate, he will do so anyway. That's certainly an interesting perspective but it makes certain assumptions about what bitcoin will be used for that I'm not sure I agree with. Governments printing ASICs to spam the network... That's the most e…

To be honest they don't even have to actually do it, if they so much as just announced that they were going to do it is probably enough to cause a panic sell utterly destroying any chance bitcoin has because so many people would be burned.

Re: How to launder Bitcoins

#74

Post by nullc »

::Yawn:: The insurance contract approach is lame as it makes you lose your funds if the other party suffers an honest failure (e.g. they get hit by a bus).

Better protocols are possible: https://bitcointalk.org/index.php?topic=321228 (CoinSwap)

Describing it as "laundering" is more than a little hopeful-eyed. These sorts of things are privacy mechanisms, which make Bitcoin's privacy a bit closer to traditional banking... but they don't provide an apparent legitimate origin of the funds, so they aren't themselves useful for money laundering.

Re: How to launder Bitcoins

#75

Post by girvo »

Helianthus wrote: post #55
VMG wrote: post #17

Earlier quoted context omitted.

Get used to it. This now is a bigger part of the tech world than NodeJS and friends.

I'm on fat0wl's train out of here. Previously I gave you guys the respect of honest antagonism. The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out. People throwing money around does not make a thing important. Don't you dare say no one warned you when the whole thing comes crashing down. And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin ful…

Wow. I don't bother with Bitcoin personally, but I certainly don't actively hate it like a few of us around here seem to...

Re: How to launder Bitcoins

#76

Post by dllthomas »

daurnimator wrote: post #72
hershel wrote: post #25

Earlier quoted context omitted.

Does tor conceal the fact that you're using TOR, i.e. peer discovery ? because i got the impression it didn't , that it only did conceal end to end links.

It doesn't explicitly say if you are the originator vs just some node on the way. If you run a tor relay you can hide your own traffic in the noise.

"If you run a tor relay you can hide your own traffic in the noise."

Assuming you don't have way more traffic than noise.

Re: How to launder Bitcoins

#77

Post by dllthomas »

cdash wrote: post #73
JSZZHlmumeUE wrote: post #46

Earlier quoted context omitted.

Like, when the internet got huge, moral question of whether people should be exposed to "evil books" or not becomes irrelevant. If one wants to read a book you think is not appropriate, he will do so anyway. That's certainly an interesting perspective but it makes certain assumptions about what bitcoin will be used for that I'm not sure I agree with. Governments printing ASICs to spam the network... That's the most e…

To be honest they don't even have to actually do it, if they so much as just announced that they were going to do it is probably enough to cause a panic sell utterly destroying any chance bitcoin has because so many people would be burned.

I wonder if that announcement would lead to more or less mining going on. If less, the announcement would mean the attack itself gets cheaper.

Re: How to launder Bitcoins

#78

Post by finnw »

hershel wrote: post #25
oleganza wrote: post #23

Earlier quoted context omitted.

Tor works somehow and NSA admits that it's a pain in the ass even for them. When someone targets you specifically, you have little chances, but when the whole network routinely mixes coins it's much easier to hide in the woods.

Does tor conceal the fact that you're using TOR, i.e. peer discovery ? because i got the impression it didn't , that it only did conceal end to end links.

No. That's what obfsproxy is for.

https://www.torproject.org/projects/obfsproxy.html.en

Re: How to launder Bitcoins

#80

Post by vectorpush »

Helianthus wrote: post #55
VMG wrote: post #17

Earlier quoted context omitted.

Get used to it. This now is a bigger part of the tech world than NodeJS and friends.

I'm on fat0wl's train out of here. Previously I gave you guys the respect of honest antagonism. The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out. People throwing money around does not make a thing important. Don't you dare say no one warned you when the whole thing comes crashing down. And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin ful…

"The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out."

Oh, what a terrible loss for thoughtful discussion, nothing frames a debate quite as nicely as dismissing the topic of discussion as quackery.

"People throwing money around does not make a thing important."

What does that even mean? I'm not sure what makes something important, but from an entrepreneur's perspective "people throwing money around" (to the tune of a couple billion dollars) is at least... significant? something that merits continued examination? Important doesn't seem like a stretch, but I'm sure you have a quintessential example of something important...

"Don't you dare say no one warned you when the whole thing comes crashing down."

I appreciate the smugness in your concern, but just about everyone who invests in bitcoin is aware of the price volatility, you're like the guy who scoffs at lost mountain climbers as if they didn't realize that risk was part of the journey.

"And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed and you lot join the 1% of your new capitalist utopia. Real moral high ground you'll have, then."

Ok, right. So if I understand, if it all comes crashing down, you warned us all, but if the opposite happens then we're all assholes for reaping the rewards of our investment in something we were told was unimportant quackery destined to fail.

I'm starting to feel like this is one of those posts designed to trigger a defensive response in gullible readers who mistake your comment for an attempt at reasoned discourse. What do they call that again?

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