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youngMoney
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Random stuff I like and thoughts

People who like companies because they donate to a certain cause are idiots, financially speaking

Use your own money to donate to whoever you think is best

duhhh

I think its so funny I don't have any option to buy a Bitkey wallet with bitcoin

🤣 🤣

Fkn hate TSA

Got a crotch pat down for no reason that I could tell today

We should make a F—k the TSA Club 😄

As the society gets more weird on sex, gay sex, porn normalized, now starting to see some child molestation normalized, etc, I think the right way to report to this is not to fight it but treat it like a bad habit

You don’t shoot someone for smoking but you definitely would be happy if he stoppped

I must say I think virtually all shooting “news” stories are psyops to disarm people so bad governments can be less restrained.

What’s actually important is when you’re home and some sketchy or violent people are nearby, you know you’re ok with your guns, they aren’t a serious danger to you.

That’s the hard truth although I’ve never seen any “news” story on it or anything

I've been looking into clinical trials lately with a critical eye

One thing that makes me suspicious is these drugs like Prozac and Ritalin that get approved with clinical studies and yet I don't know of one person benefited from these drugs

I have heard lots of horror stories though and side effects though

Replying to df9af531...

I asked Grok:

"Eli5 how art sold is money laundering?"

Here's how it can work in simple terms:

1.) Buying Art with Dirty Money:

Someone with illegal funds (like from drug dealing) buys a piece of art for an inflated price. Because art's value is subjective, they can claim the price is justified, even if it's much higher than what it's truly worth.

2.) Anonymity in Transactions:

The art world often allows for anonymous buying and selling. This means that the identity of the buyer or seller might not be known, making it hard to trace back the origin of the money. Art can be bought through shell companies or intermediaries who obscure who really owns the money.

3.) Storing Art in Freeports:

Art can be stored in special zones called "freeports" where tax on goods is suspended. Here, the art can change hands multiple times without leaving, helping to further obscure the trail of money. Each "sale" might inflate the art's price, making it seem like the money is from legitimate art sales.

4.) Inflating Value:

Through these transactions, the value of the artwork can be artificially increased. When it's sold later at this higher price, the money seems clean because it's from an art sale.

5.) Final Sale and Integration:

Eventually, the art might be sold to a legitimate buyer at this inflated price. Now the money from this sale can be used freely or reinvested because it appears to come from legal, traceable income.

This process takes advantage of the art market's lack of regulation compared to financial markets, its subjective valuations, and the privacy in transactions. It turns "dirty" money into "clean" money by giving it a legal source through art sales.

Keep in mind, this is an oversimplified explanation, and while this method can be used for money laundering, not all art transactions are involved in such activities.

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The real issue in my mind is why are all the regular transactions being watched.

Privacy please!

I don't know what law they are using in prosecuting him - as far as I know, there is no LAW on bitcoin tax, just IRS guidance (not LAW)

I’m looking into biotech investing and I keep running into drama about drugs priced too high

🤣🤣

there is NOTHING stopping someone from developing their own drug, going to another country, doing an alternative treatment, etc, etc

It’s really just disguised socialism and we know that’s terrible

So stop lying about this

With recent trump news I suspect trump will not keep most of his campaign promises 😠

Kinda weird

You think they would focus on anon payments like bitcoin or Monero🤷

I hope trump and team are serious about deporting illegals

Can’t stand them making my home country a third world country 😠

Hopefully people get sick of this crap (the cure is worse than the disease) and we harass Congress to get rid of everything but metal detectors

Of course, people that fly private jets don't experience this treatment so there always that option...

To me, when someone asks for money, it’s an admission that they can’t run their own life

They need help not with money, they need help running their lives

To me, when someone asks for money, it’s an admission that they can’t run their own life

They need help not with money, they need help running their lives

It’s funny how lots of people think everything is online

I constantly run into the limits of what’s online

For example, I’m researching a company right now and I can’t find hardly any info on one of the owners because he is very private