Reply to If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You know who loves BTC?

Energy companies. It’s a way to keep profits high because of the infinite demand it places on energy supplies in order to mine the remaining bits of Bitcoin.

Let’s look at the end game here of who benefits from Bitcoin: sanctions evaders (ie, those shut out of traditional financial markets), [b]money launderers[/b], energy suppliers.

Gee, I wonder who Satoshi might be? [/quote]

You realize that EVERY BTC transaction is completely transparent on the blockchain, right? It’d be the worst thing to use for that. Cold hard cash would be easier, in this case.

I always find posts like these to be hilarious. The poster clearly never know what they’re talking about and just say a bunch of nonsense. 
[/quote]

Oh we know who controls each and every wallet on the blockchain? That's news to me.

(and precisely why banks can't meet BSA/AML laws when interacting with crypto companies)[/quote]

Yes, each wallet has a specific address that can be traced back to someone or some company. Why do you think we know when the US government or other countries like Germany buy or sell? It’s all traceable.

If you want to do something like money laundering in the crypto space, you need a private coin like Monero, which shields and blocks transactions from being shown. [/quote]

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