Bitcoin falls from $266

Re:Bitcoin falls from $266 by altcognito on Wednesday April 10, 2013 @11:52PM (#5529889)

> You say it can be used for money laundering, but gold and cash can already be used for money laundering (and even more discreetly since trading gold or cash does not leave a trail like in the Bitcoin blockchain)

Spoken like a person who has never tried to launder millions of dollars in gold. You don't just go down to the pawn shop and redeem millions of dollars in gold.

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Re:Bitcoin falls from $266 by mrb on Thursday April 11, 2013 @12:42AM (#5530024)

You are wrong. Gold is very often used by drug cartels for their laundering operations:

http://www.nytimes.com/2003/06/06/nyregion/drug-money-launde...

http://www.insightcrime.org/news-briefs/mexico-cartels-steal...

"Mexican authorities say that, since 2008, criminal gangs have robbed so many trucks carrying gold shipments that some mining companies have been forced to switch to aerial transportation"

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Re:Bitcoin falls from $266 by smartwater on Thursday April 11, 2013 @02:05AM (#5530238)

I don't really understand what stealing trucks full of gold has to do with any of this. He said that the US is "totally fine with side markets that they cannot control directly" and that "Your other argument also fails to convince me that the government would want to declare Bitcoin illegal." and I have to agree.

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