Florida Arrests High-Dollar Bitcoin Exchangers For Money Laundering 149
tsu doh nimh writes "State authorities in Florida on Thursday announced criminal charges targeting three men who allegedly ran illegal businesses moving large amounts of cash in and out of the Bitcoin virtual currency. Experts say this is likely the first case in which Bitcoin vendors have been prosecuted under state anti-money laundering laws, and that prosecutions like these could shut down one of the last remaining avenues for purchasing Bitcoins anonymously."
sounds like they have a case (Score:5, Insightful)
Re:I bet (Score:2, Insightful)
As to the topic itself, of-course the gov't sees Bitcoins and thinks 'money laundering'. Don't you know? All money belongs to the government,
All money is regulated by the democratically elected government, yes.
they can't stand the thought of people figuring out this whole freedom thing,
No, people with a dictator complex like the thought of creating something unaccountable to government, i.e. unaccountable to the people.
what if the people realise they don't actually have to pay taxes en mass and simply don't pay.
"What if Somalia?"
What happens when everybody simply stops paying?
What if everyone just starts raping and shooting everyone? What if the real world was like one dimensional fiction? Nerds, tell us.
Re:Why do they always make grand inaccurate claims (Score:5, Insightful)
Ultimately, I do not know if this was entrapment by the legal definition, but it does seem like a waste of law enforcement resources.
Re:sounds like they have a case (Score:5, Insightful)
Fuck beta (Score:5, Insightful)
The new Slashdot design is based on Windows 8. That fact alone, even aside from the numerous usability issues, indicates that the new owners have no fucking idea in the world what they've acquired.
Slashdot is a technology site, a geek site, an open source site, a programming site, an Internet / Web advocacy site. But more than that, it is a Linux community site. It lives and dies by its community. That community, by and large, is made up of passionate Linux advocates who can be whipped into a frenzy at the mention of Microsoft, who think Bill Gates is the Great Satan, who sincerely believe in free and open source software, and who implement that passion in their lives, hobbies, and jobs. Sure, not everyone here fits the mold. But that's the core of the community.
As one single data point, I work on simulators in the aerospace segment. We develop and integrate specialized, whole-system, software-only simulators, supporting software development when the hardware has limited availability or hasn't been built yet. Our user community is not large, but includes key technical people at well known organizations. Like others we interface with, our work has gone from Windows and Linux in the beginning, to mostly Linux, plus Windows if we have to. That's how we like it. Linux works for us - it's developer friendly, it's rock solid, it's quite deployable, and it lets us do what we need to do. And a bunch of us come to Slashdot to catch the news on Linux and other geek-worthy subjects, and discuss it with others.
And now the owners, having acquired this rather unique and valuable site, want to make it into Windows fucking 8 - the friendly, cuddly, but unusable Fisher-Price operating system that represents everything we despise? The mind reels. You might as well just make it a SEO parking page for Microsoft.
Seriously, DICE, do not do this thing. I know you don't care about the history, community, or shared values of this site, but this move will destroy them, and take the site with it. It will become a ghost town, abandoned by its residents, only visited by tourists and people that got lost on their way somewhere else.
Re:Can a bitcoin advocate explain.... (Score:2, Insightful)
A bitcoin advocate's position on this would be something along the lines of "because government wants to destroy bitcoin, and government owns the media."
However, this tells you more about bitcoin advocates than it does about your original question.
Re:Can a bitcoin advocate explain.... (Score:4, Insightful)
Tell me the last time you heard a cash story that wasn't about money laundering or counterfeit cash.
Person pays person for product and/or service, everybody happy with transaction - not news.
Basically, news stories are an indication of shit that sells news - and unsurpisingly, money laundering is one of those things. So news stories are biased. You mostly hear about the things which are crap, because they're "newsworthy".
#include
Re:sounds like they have a case (Score:5, Insightful)
Re:Its not the beta that annoys me. (Score:2, Insightful)
Beta isn't evolution, it's chlorination. It will completely sterilize slashdot of all reasons to come here.