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67 sats \ 1 reply \ @OT 5h \ parent \ on: EX-CIA Officer Reveals How Terrorists Launder Money | John Kiriakou videos
From the video he's talking about how these guys do money laundering without any trace. What didn't make sense to me is why the gov is worried about Bitcoin ("crypto") when there IS a trace on the block chain.
I just responded to that. They have been trying be to make cash inconvenient and creating a general impression of it being a bit suspect for 15 years, making it more difficult for regular people to sell assets for cash without going through a KYC entity and declaring the origin of the money.
Bitcoin is kin to cash, they can't take it without force. Its not that useful to them that there is a trace if it's pseudonymous and anyone can "lose" their private keys (aka wait it out for regime change or move to another jurisdiction).
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