1030 posts • joined 10 Apr 2012
Re: Money Money Money
I could argue the same for expensive paintings and wines. It's property that can be exchanged for money.
According to the law, it's property and never money.
Re: Of course you can't launder bitcoins.
"Not sure what you mean by "anonymous", but they are traceable. That's the whole point of the chain. The equivalent of laundering would be the pooling shops that mix the content of wallets, making the coins hard to trace -but not impossible."
No it's impossible to trace without the police having everybody's wallet. The wallets are anonymous and short of getting caught with the wallet, the police cannot identify the owner, let alone what the coins were spent on.
Think of it like anonymous credit cards. You can see the flow of money but without linking the cards to people, you can't see who's buying or selling.
Re: Chewbacca defense
"The bitcoin does not have to be a currency to achieve this. The money laundering process begins when the bitcoin was bought (or money changed hands for the goods that were then traded for bitcoin)."
That's true except Rob didn't change the format. He was paid in property (bitcoins) and left it as property (bitcoins). It's not until Rob changes it to actual cash that they can claim it. Considered the police seized bitcoins instead of cash, their argument falls flat.
Just image Rob was paid for with an expensive painting and hung the painting on his wall. You can claim laundering if he sold said painting for cash but you can't for him keeping it instead.
You can only do it if you declare paintings as a form of currency (and not property) or make a property laundering law.....
Re: That would be a pretty big hole in the law
"and use that money to buy Ferraris, beach houses and hookers, which are all a drug lord really wants in the end"
Isn't that what we all just want?
Re: Excellent points
"The government may need to prove a larger operation for the money laundering, but since the bitcoin are exchanged for cash, it's still a money laundering operation. Just because he only had the subcontract for exchanging property doesn't invalidate the operational basis."
Ah but your argument falls flat as the bitcoins hadn't been exchanged to cash. They were still bitcoins.
Rob was paid in bitcoins (which are property) and he left them as bitcoins (still property). You can't argue it was money laundering because at no stage while in Robs possession was it turned from or to an actual currency.
You can argue proceeds of crime but you can't argue money laundering without money. The government needs to declare bitcoins a legal currency or they need to drop the money laundering charges.
At the end of the day, the law is an ass.....
Re: Excellent points
Yes but there is no property laundering laws and as such the money laundering charges have to be dropped.
As for the proceeds of crime, running a website isn't a crime just because said users used it for crime otherwise Google would be in trouble.
The law isn't about right or wrong, justice or injustice. It's always about the letter of the law. There are going to be some serious precedents set no matter who wins this.
As much as this is a joke, the future will be 3d printed buildings.
Google and the NSA win.
I'd of thought the skills writing a crypto currency would make him very employable.
We Aussies beat you to get an operational drone delivery service.....
Re: I think he's just afraid of the tax claim he'll get
Not if he spends on coke off the Silkroad.....
Lets solve the pollution problem by using more chemicals......
If you have to buy equipment to comply on the government's spying demands, then they should pay for it.
The only thing the government has a right to complain about is not getting a discount for spying in bulk...
Don't like the bill?
Then stop bugging everyone.....
Re: thank you
May TPP die a quick death and never be seen again
There is nothing more democratic than secret treaties that sell us out to multinational companies.
Quick, buy up Vasoline before parallel imports are banned and drives the price up.
Is it just me but.....
Executive action one : Find free workers
Executive action two: Find free engineers
Executive action three: Find free lawyers.
These changes are the most you can do without actually doing something.
And the Liberals think.....
That 25 Mbit is fast enough for anyone with their fibre to the node NBN.
Re: Easy Answer
"ahhh the naivety...
First its for your own safety, however Its a long slippery slope..I can just imagine the Police loving this. Caught not wearing a seat-belt by your SIM card. And how long before GPS data is added etc.
(Substitute speeding, parking in a no parking zone, etc take your choice)"
No naivety here. I've known the police would install black boxes for years. A total record of when and where and fines will be automatically deducted from your bank account.
These black boxes will be legislated that all your data belongs to the government.
The only thing that has a hope of crushing the black box dream is self drive cars. If the car is driving and can't break the law, then there is no money to be made and the government loses interest.
Who owns the sim card? They're the ones paying for the data thus should own it. Phone companies don't transmit for free.
Re: He previously complained bitterly about the lack of hand lotion.
I hope his complaint about hand lotion was because his cellmate wasn't using lube.....
Re: If they were serious about punishment
With a name like Fluffy Bunny, you'd think you'd be less serious. My comment was an insulting dig at Windows 8, not actually a comment about the role of prisons.
If I was actually commenting on Brevik, I'd say just surgically remove his eyes, ears and tongue and let him spend the rest of his miserable life, dark and alone, dependant on the charity of others, not whining that his playstation doesn't have the cool new games.....
Re: If they were serious about punishment
"they'd give him a Windows 8 machine instead."
Prison is about rehabilitation, not punishment. You can't give him something that will make him want to go out and kill someone.......
What the hell did they expect?
When they forced a touch interface onto desktops without a touch interface.
If the idiots had left the start bar alone and allowed desktops to default to the desktop mode, they would have never had this problem.
If MS bothered to ask consumers this would have never happened.
Will it stop the NSA snooping
Are these Americans or is he going to have to file in Durk Durkastan?
Re: Damn you Halley Berry in Cat Woman....
No just the whole movie (which was god awful). The plot was more rancid than week old road kill and less substantial than a budget porno.
Worst movie ever.
"Make sure you have your memory switched off then."
I've tried to for some movies and for some I've tried to wipe the memory. Damn you Halley Berry in Cat Woman....
Beer icon cause I'm still trying to wipe it.
Re: According to the Law.....
"fraud & kidnapping and attempted rape"
Which charge was the real one and which one was to get the press?
"Well I don't believe in the Big Bang I'll tell you that. How did this become such a believed theory? It has glaring "plot holes". I think just settling on the BB is lazy science."
Don't tell me you go for the "God made it in six days" theory?
Re: good media
Probably mining bitcoins while it waited.....
Ahhhh Vista 2.0.......
Or was that Windows ME 3.0?
Clearly it was an accident
She slipped over onto some bullets.....
Clearly the cop was corrupt
"Abadie also beat the speeding ticket he gave her for driving at 85 miles per hour in her Prius because of lack of evidence."
A prius capable of doing 85mph? Clearly the cop lied.....
Re: re: re: leave Waco
Is Waco short for "We ain't coming out"?
Re: leave Waco
Just crazy cultists armed to the hilt with assault weapons and boxes of matches......
"No but the NSA will know your thermostat setting."
Cause terrorist like it hot......
Stupid American Patents.
"featuring "innovations" such as a rotating dial with an LED to indicate the temperature"
Is it just me or is this another stupid American patent? A rotating dial with an LED? What new exciting development next? A togglable switch with with an LED?
Stupid damn American patent system.
They sleep very well on a big pile of cash.....
They didn't want the fanbois to get sick when they make out with their iDevices....
Re: I will therefore
"Buy tinned artichokes, hire a butler and cook, and get them to take the risk"
Easier to just eat bacon....
Re: Excuse me?
Lets get rid of the busses and the tech workers can all drive to work instead.
Maybe if the F-wits had an issue with the busses, they could actually run and charge the bus service for the companies. Google would only be subcontracting from a bus company anyway.
Can't see how Google can win. The existing bus services don't cater to their business. Residents complain about the private bus services. Residents complain about the extra cars if there was no busses. Residents complain if the tech companies move out and take their jobs and money with them leaving the residents living in a depressed area and dropping house prices.
Personally I'd of hoped
That time travellers would have evolved beyond Twitter....
How do you?
"Pressure to do so will come from the fibre-to-the-premises-or-nothing crowd, which may finally figure out that it needs to engage meaningfully and not just send in petitions."
How do you engage meaningfully with politicians? Bribes?
Re: Missing the obvious...
The stupid part was confessing. Last time I checked TOR wasn't illegal. He might have been ordering drugs for a frat party, looking at weird porn, pirating a movie or looking up his favourite Jihadist website.
Plenty of reasons to use TOR.......
Re: You're hardly a kid at 20
You're only young once but you can be immature forever.....
A total waste of time
That will be ignored by every spy agency in the world......
Re: That's a relief then
Well they used one magic wish to ban smacking of children in Australia.....
Not if you're trapped in a floating tin can with a couple of carolling astronauts.......
- DINO-SLAYER asteroid strike was a stroke of bad luck, say boffins
- BEST BATTERY EVER: All lithium, all the time, plus a dash of carbon nano-stuff
- Stick a 4K in them: Super high-res TVs are DONE
- Review You didn't get the MeMO? Asus Pad 7 Android tab is ... not bad
- Russia: There is a SPACECRAFT full of LIZARDS in orbit above Earth and WE control it