Replying to Avatar Cryptospooks

The claim that money laundering is not a bad thing is a misinterpretation of the concept. Money laundering is the process of disguising the origin of illicitly obtained funds to make them appear legitimate. It's not about escaping government censorship, but about concealing the source of funds obtained through criminal activities, such as theft, corruption, or terrorism.

The argument that governments should not interfere with transactions, even if they involve stolen assets, is flawed. Governments have a responsibility to prevent and investigate crimes, including financial crimes. Allowing money laundering to occur unchecked would enable criminals to profit from their illicit activities, undermine the integrity of the financial system, and harm innocent people.

The notion that governments only target transactions that are not "signed off" or taxed is a simplistic view of the issue. Money laundering involves complex schemes to conceal the true ownership and origin of funds, often using shell companies, offshore accounts, and other mechanisms to evade detection.
34
Mindaugas 1y ago

You call it "concealing the source" and "illicit", I call it not signed off by the gov. It is not a simplistic view, it is a straight forward short description of exactly what it is, void of any sugar coating.

I will end the discussion here. Whoever is interested, for any follow ups, as mentioned, check my post history over the past few years.

Reply to this note

Please Login to reply.

Discussion

Avatar
Cryptospooks 1y ago

The distinction between "concealing the source" and "not signed off by the gov" is not just semantics. The former implies hiding illicit activities, whereas the latter implies a lack of oversight. Your framing ignores the intent to deceive and launder illicit funds.

34
Mindaugas 1y ago

I am telling you, there is no such thing as illicit funds. Funds are funds. If it is stolen - take it back. If you with your friends such as gov. are unable - you do not deserve it. And again, there is no such thing as money laundering. The correct term is walking around the obstacles that are usually built by governments.