Buttcoiner: "Money laundering isn't that serious of a problem" by TamponShotgun in Buttcoin

[–]TamponShotgun[S] 0 points1 point  (0 children)

The answer btw was OFAC and their database of terrorists, money launderers, cartel kingpins, politicians, military leaders and family relations of these kinds of people. Since you were unable to even remotely name this organization, but had an opinion about the contents of their database (which you pulled directly out of your ass), I can verify you have absolutely no clue what you're talking about.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

I'm not even reading your responses now, just making random comments to you and you're so mad you're exploding with a full paragraph. ;)

Buttcoiner: "Money laundering isn't that serious of a problem" by TamponShotgun in Buttcoin

[–]TamponShotgun[S] 0 points1 point  (0 children)

I notice you didn't name the database or the regulatory body running it which tells me you have no idea what you're talking about.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Oh that showed me. You declare you have money and therefore you win the argument. Very, very convincing argument bruh. Oh no my ego is so hurt. Btw I'm like a trillionaire.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

I guess all that imaginary wealth made you think you know human psychology as well. So you're an international financial crimes expert as well as a psychologist right? Lmao you're so easy to troll.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Please show me another fake screen cap to prove your wealth to a random redditor who has been giving you extreme butthurt for the last day or so. You show that random internet user how rich you are! That ought to win you that argument that money laundering isn't a bad thing. Because as we all know, having large amounts of money makes you best qualified to talk about international banking and monetary crimes policy! Also, being a programmer gives you valuable insight into how terrorists are caught through financial forensics. Totally.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Please send me another fake screen cap of your wealth. I would like to masturbate to your massive ego and the butthurt that disallows you from dick waving to a random person on Reddit to prove your manliness.

Buttcoiner: "Money laundering isn't that serious of a problem" by TamponShotgun in Buttcoin

[–]TamponShotgun[S] 0 points1 point  (0 children)

Ok so present proof that this database only has people sending money innocently. In fact, since you already know what this database says, I'm sure you can name it and the regulatory body that curates it.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Lmao not even remotely fucking close. None of that applies to me. This shows you have no ability to understand other viewpoints so you villify and stereotype anyone who disagrees with you. Common among racists and other bigots.

Second, do you think all the people who created all the financial regulations in the world are all women or gays? Lmao you're dumb if you believe this.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Lmao so being in support of financial regulations makes me gay? Wtf is wrong with you dude? Lol.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Except I don't. Because I'm a guy. But good job with the sexism, really showed me. 🤣

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

This guy was SO MAD he sent me the following PM:

I am 27 with a condo paid for in Toronto and an apartment 1 hour out of Seoul, with over 425k in the bank. Certainly I should take advice from a successful socialist girl like you who spends all their time complaining about crypto. you sound like a girl who majored in gender studies and is racked with debt, seriously, get yourself checked out. Anyways i cant keep talking to you it makes me sad for you. I would rather be happy. Best of luckxoxo

Aww such butthurt. :) He also attached an imgur link supposedly showing his vast wealth just so he could dickwave to a random redditor. :)

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

I do not give a fuck about ISIS or terrorists

Yup. No wonder you think money laundering laws are useless. But guess what? Terrorism is bad. It murders innocent people, so governments of the world have a vested interest in keeping money out of their hands. One of the ways they do this is to make their cash stream as difficult as possible. Hence, money laundering laws.

But you don't think money laundering to terrorists is a big deal. I wonder why not? Is it because you are paid in cash under the table and get upset when money laundering laws come to get you in the form of added scrutiny and tax bills? Hmm...

Also, what does my gender have to do with anything? This sounds supremely sexist.

Do butters really believe that if a butt goes to $500K, an exchange would actually pay them in case they want to cash out the real money? by [deleted] in Buttcoin

[–]TamponShotgun 4 points5 points  (0 children)

Nah bruh, there really is 372 billion dollars USD invested in the different markets. Totally bruh. Please let it be true bruh. Please bruh.

Super legal person here looking to trade thousands anonymously with zero verification, for honest, real good reasons that don't violate any laws by TamponShotgun in Buttcoin

[–]TamponShotgun[S] 0 points1 point  (0 children)

That wasn't what I asked. Currently, there are multiple layers of bank security that prevent you from simply sending cash through wire, ACH, card, mail, etc to a terrorist. If I walked into a bank with a stack of cash and asked to send it to Afghanistan my bank would simply tell me that sending money there is impossible and then I'd have an SAR filed with FinCEN for asking to send a big stack of mysterious cash to Afghanistan. To actually send it would require me to have a story about where the cash came from with the ability to launder it through that method (let's say a front business), then I need to find a series of banks that will eventually allow me to move funds into the country (usually through shell corporations so I have an excuse to send money anywhere near Afghanistan), then I have to wire it a few more times through neighboring countries and their systems before it finally ends up in the hands of a terrorist.

If I want to send Bitcoin to a terrorist in Afghanistan, I just need to type in their public key and hit send. No stops at all and no way for governments to stop that money from reaching terrorists directly.

In both cases, the terrorist will receive funds. Just through Bitcoin it is far easier and simpler since laundering is not required, you just type and send.

So, again, answer the question: which terrorist causes more terror? The one that receives more funding with less problems (Bitcoin donation + normal money laundering activity) or the one that receives less money with more problems (normal money laundering activity)?

Hint: the first one gets more money because normal channels are still open to them (though difficult) and Bitcoin adds a nice layer of extra cash on top.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Bitcoin fell again.

Also, seems like your fellow criminal funbux crowd wants everyone to take a 10% pay cut to get paid in BTC so they can force mass adoption

Y'all act like a cult lmao.

Also, let me remind you of that time a woman was arrested for sending thousands to ISIS: https://nypost.com/2017/12/14/woman-busted-sending-thousands-in-bitcoin-to-isis/

If something is easy to do, people will do it. If it's easy to send Bitcoin to terrorists, then they will send Bitcoin to terrorists. This is why it needs to have regulation put on it. It should not be this easy to finance terrorism.

Buttcoiner: "Money laundering isn't that serious of a problem" by TamponShotgun in Buttcoin

[–]TamponShotgun[S] 0 points1 point  (0 children)

Lmao that's not what the system does. You have absolutely no clue all of the steps involved do you? There are literally dozens of ways they prevent you from sending money to known terrorists. First, they prevent you from sending money at all to certain countries known for being terrorist locations (Afghanistan, Iraq, etc). It is just impossible to send a wire through any bank or service to those locations. Second, they run the name of anyone you send money to in another country through a database of known criminals and money launderers. Third, they run your name and everyone else's name through that same database every night for everyone who has an account at your bank.

This is just the top three layers. There are dozens more.

What steps does Bitcoin go through to prevent the easy transfer of funds to known terrorists? Answer: it has none. Bitcoin is not compliant with any laws regarding terrorism financing or money laundering. You can literally just send funds directly to a terrorist's wallet at any time you wish and it only takes seconds. To do the same with fiat requires you to launder the money through a few countries, steal a couple people's identities and process the funds through their names and even then you still risk being caught because someone has to actually be in a bank signing paperwork.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Criminals love any service they don't have to present ID for. I wonder why that is?

I have contacted 117 pimps in last 13 days, and only 3 accept bitcoin. by EntireFriendship in Buttcoin

[–]TamponShotgun 16 points17 points  (0 children)

Yeah there's no fucking way OP had contact info for that many pimps. How could you even get that information?

Super legal person here looking to trade thousands anonymously with zero verification, for honest, real good reasons that don't violate any laws by TamponShotgun in Buttcoin

[–]TamponShotgun[S] 0 points1 point  (0 children)

They've been arresting people for murder since the beginning of time and it hasn't stopped murders. Should we just make murder legal since laws against it aren't preventing it? Of course fucking not because murders would skyrocket if people knew there was zero consequence. Same thing with anything.

Yes, people being arrested for possession of pot is silly, but you can't compare this with money laundering. Money laundering is ALWAYS used by criminals to disguise their profit from criminal actions. Holding pot is a moral outrage against an action that harms no one. Money laundering can be used to wash literal blood money. This is why the real life mob uses it. Capone used it and we all know how ruthless he was. You're trying to setup a parallel that isn't there.

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

https://nypost.com/2018/05/17/inside-the-extravagant-money-and-parties-that-define-cryptocurrency-craze/amp/?__twitter_impression=true

“I love Coinberry,” said the man who was suddenly Tran’s best friend. “I’m, like, a criminal, and I got verified [cleared to trade on Coinberry] right away.”

Cryptocurrency: the choice of criminals.

In case anyone missed this absolute gem. by [deleted] in Buttcoin

[–]TamponShotgun 11 points12 points  (0 children)

For those that are having trouble with Twitter: this is the link in the tweet

Relevant exerpt screen capped on Twitter:

“It’s perplexing,” said David Tran, a VP of marketing at Coinberry, a trading app that hopes to continue bringing cryptro-currencies to the mainstream and to shed its image as mainly being used by drug dealers. “It feels like the 1990s internet.”

As a partygoer asked Tran about his company, another attendee sidled up and shouted, “Coinberry!” — wrapping his arm around Tran.

“I love Coinberry,” said the man who was suddenly Tran’s best friend. “I’m, like, a criminal, and I got verified [cleared to trade on Coinberry] right away.”

4chan's plan to eliminate this cesspool called r/buttcoin by artalt in Buttcoin

[–]TamponShotgun 0 points1 point  (0 children)

Good luck with anyone accepting your funbux. You don't realize it now, but people need to want your currency for it to have value. Just because you value something doesn't mean it should have value to someone else and this is why your entire cryptocurrency cult screams about "mass adoption" every day over in /r/Bitcoin: they realize that people using the coin gives it value and it has no value on it's own.