|
That's recent in my books.
|
|
|
|
|
Laundering is a "vehicle"; you're overthinking it.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
|
|
|
|
|
OriginalGriff wrote: You don't need that kind of attention, so you need to launder the money.
I'm not going to even try to describe how you do that; I haven't got a clue.
After 3 seasons watching Ozark, I'm still mostly clueless. 
|
|
|
|
|
One way they launder money in Canada: Quebec and British Columbia "provincial" gambling casinos (and lotteries) that have been ignoring (table) limits. The provincial governments have been some of the worst enablers.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
|
|
|
|
|
Owning the casino is an even better way of doing it ... 
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
|
|
|
|
|
|
Silk Road, etc.
And we ain't talking Marco Polo.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
|
|
|
|
|
"liquidate" the payment... isn't Bitcoin about the most liquid form of currency anyway? Accepted at outlets globally, no inter-national conversion involved.
Why is holding on to Bitcoin any different than me holding on to a £20 note? Couldn't you turn this on its head and say "Tesla take cash payments, but sometimes put it in the bank without converting it to Bitcoin immediately"? At some points in the past, doing that would have been the sensible thing to do (in retrospect) with Bitcoin growing in value so fast.
So long as Bitcoin (or other virtual currencies) are seen purely as a transactional device rather than having intrinsic value, then crypto-currency will never really become mainstream. To support that, national Governments will need to accept balance sheets that include crypto assets and include it in tax calculations etc.
|
|
|
|
|
I don't think they'll actually "hold" it.
On the one hand they're trying to make kleptocurrency sound "legit" (by hyping dodgecoin), but they'll dump it as soon as someone transacts with it ... at the same time facilitating any laundering.
When you're already worth "billions", are you seriously going to hope to make a few more by sitting on it when the chances of it loosing value are perhaps more likely.
Your £20 will still be £20, more or less, a few months from now; can't say the same for your BTC that you exchanged for goods that you manufactured and paid your suppliers and workers for (with £20 notes).
Call me cynical ... and Warren Buffet a dummy.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
modified 13-Feb-21 6:32am.
|
|
|
|
|
OK, you're cynical.
And Warren Buffett is a good investor but a dummy when it comes to money. Have you ever read what he's said about gold? It must be daddy issues, because his father was a senator and an advocate for the gold standard. But Warren could end up being right about BTC.
|
|
|
|
|
$85 Billion stupid ... get a grip.
Quote: Warren Buffett isn't a big fan of cryptocurrencies like Bitcoin. “Cryptocurrencies basically have no value,” he once told CNBC. “You can't do anything with it except sell it to somebody else. But then that person's got the problem.”Jan. 19, 2021
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
modified 13-Feb-21 7:37am.
|
|
|
|
|
Being a good investor and having an thoughtful opinion on the nature of money aren't necessarily correlated.
|
|
|
|
|
And that's supposed to be deep?
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
|
|
|
|
|
It would come as a surprise to some and explains why Warren is something of a savant.
|
|
|
|
|
Grasping: the "money idiot" savant. "A 'good' investor with no sense for money."
Funny how $ are used as the measuring stick, and not BTC.
I think he probably realized that a "business plan" that hinged on the value of BTC was no plan at all.
It was only in wine that he laid down no limit for himself, but he did not allow himself to be confused by it.
― Confucian Analects: Rules of Confucius about his food
|
|
|
|
|
Your headline made me read; I seem to have more than one face indeed.
Gerry Schmitz wrote: If customers buy Teslas with bitcoin, the company may or may not liquidate those payments right away — which some experts read as an indication that Tesla might hold on to at least some of the coins and not sell them automatically.
Hehe; Tesla. The one with the military vehicle whose windows not bullet proof.
They know what their cars worth, so good idea to invest into something else, even from their perspective.
Bastard Programmer from Hell 
"If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.
modified 13-Feb-21 14:51pm.
|
|
|
|
|
If Oxygen went on a date with Potassium, would it all go OK?
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
|
|
|
|
|
I C Y U R Hg-ing
Bite that W∴ Balboos!
"If we don't change direction, we'll end up where we're going"
|
|
|
|
|
:grabs popcorn; sits back to watch:
"I have no idea what I did, but I'm taking full credit for it." - ThisOldTony
"Common sense is so rare these days, it should be classified as a super power" - Random T-shirt
AntiTwitter: @DalekDave is now a follower!
|
|
|
|
|
You Aurum azing! A natrium for Pu N and my possibility for clever retorts argon.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
He He Ru not Einstenium today, Mr ∴?
I will Ne Li, U win these contests Al 9/10. But I hope Og will not call it a Ti today.
"If we don't change direction, we'll end up where we're going"
|
|
|
|
|
Why do you bring in an element of competition when we should be sharing.
As it was meant to Be
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
Where did you learn to count, Sir ?? I brought in not one but fourteen elements!
"If we don't change direction, we'll end up where we're going"
|
|
|
|
|
Well, this ToD's certainly not boron anyone, but should they get a bit sick they can go to an medico and they'll helium.
Blame the prison comedian, you know, silicon as it Gibb's me no pleaure.
| Ravings en masse^ |
|---|
| "The difference between genius and stupidity is that genius has its limits." - Albert Einstein | | "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010 |
|
|
|
|
|
These thoughts are the silver lining every day!
"If we don't change direction, we'll end up where we're going"
|
|
|
|
General 
News 
Suggestion 
Question 
Bug 
Answer 
Joke 
Praise 
Rant 
Admin 
Submit an article or tip
