596 sats \ 5 replies \ @DarthCoin 25 Apr \ on: Civil Forfeiture And Samurai Mixed Bitcoin bitcoin
What really bothers me from all this case is that is always talking about "laundering money" in dollars.
FFS, Samourai is not using dollars, is using bitcoin.
- Nobody can prove any jurisdiction over bitcoin. Even from their own laws, bitcoin is not considered money, so where is the "laundering" if there are no money?
- they weren't registered as "money transmitting service" that means they only provide a service to mix some numbers, nothing else. Also is a PRIVATE service, between private individuals, that have nothing to do with the PUBLIC sector. Gov have no business in a private trade.
The laundering charge probably won’t stick but there’s been a lot of precedent (end arounds by power hungry “justice” types) set about facilitating crimes that they shouldn’t have a problem prosecuting them on. But we need to push back as much as possible so that normies ask these questions and wake up to just how tyrannical their government has become.
The roads facilitate crime. Horrendous public school education facilitates crime. The government uses secrecy and privacy tools. We should continually highlight these double standards so that perhaps one day the crime “fighters” can go back to fighting actual crime.
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Unfortunately, their definition of "money laundering" is extremely broad and encompasses any means and technologies used to obscure the criminal origin of money.
If you acquired gold on black market with "criminal money", then re-melted that gold into new, untraceable bars, sold that gold on a "legit" market, that would be money laundering, even though gold is not considered money.
Bitcoin and mixers is no different.
Not that I agree with this. Prosecute the man, not the property.
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You hit the nail on the head! Samourai was smart and didn't deal in USD which should have put them in the clear. It is a gross overstep by the DOJ.
To be honest, if the government wants to call BTC money though it would get rid of allllll the taxes that people face with it and that would be a huge win. Not that the government would ever want that but essentially the government is trying to call BTC money since USD wasn't used in the transactions so ya know the government cant tax money itself
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yes and they do not want that (recognize bitcoin as money), but they use these trickery like "money laundering", meanwhile they totally ignore this:
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Wells Fargo honestly blows my mind how not only did the screw up once big time with the phantom account but they are also consistently still getting fined billions! Why they haven't been stripped of their licenses and everyone in that company's C-suite thrown in jail is beyond me.
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