Path: csiph.com!v102.xanadu-bbs.net!xanadu-bbs.net!feeder.erje.net!eu.feeder.erje.net!weretis.net!feeder4.news.weretis.net!rt.uk.eu.org!aioe.org!.POSTED!not-for-mail From: "Rod Pemberton" Newsgroups: comp.lang.forth Subject: Re: Green Array energy consumption: a reality check. Date: Mon, 27 Jan 2014 16:26:33 -0500 Organization: Aioe.org NNTP Server Lines: 34 Message-ID: References: <52d2b239$0$25047$e4fe514c@dreader37.news.xs4all.nl> NNTP-Posting-Host: CNsg4fVcCsvs3UaOgZtQCw.user.speranza.aioe.org Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii; format=flowed; delsp=yes Content-Transfer-Encoding: 7bit X-Complaints-To: abuse@aioe.org User-Agent: Opera Mail/12.16 (Linux) X-Notice: Filtered by postfilter v. 0.8.2 Xref: csiph.com comp.lang.forth:28136 On Mon, 13 Jan 2014 02:45:42 -0500, Rod Pemberton wrote: > P.S. Yes, it's true that simple usage of Bitcoin constitutes money > laundering under U.S. Federal laws. It's a non-legal tender transaction > with indeterminable source and destination that didn't occur within > the financial system. The U.S. has two definitions of money laundering. > That's the second one. The first is that money comes from an unlawful > activity. The second one needs *NO* illegal activity other than use. > That's why you can be charged with money laundering from using poker > chips, Canadian dollars used in the US, (etc.) to "transfer" money... > > [elsewhere in thread, I wrote] > > It's very likely in my opinion that governments and banks will use > their full authority to control any useful virtual currencies and/or > the development of them. They're not going to relinquish monetary > policy to ordinary people of the world any time soon even if the > technology allows for it. They're not going to forfit their ability > to control crime by preventing money laundering any time soon either. > [...] With a second major attack on Bitcoin by law enforcement, it would seem the "Bitcoin war" has started in the U.S.: "Bitcoin exchange [BitInstant] CEO arrested for money laundering" via CNNMoney. Shortened link is through bit.ly: http://cnnmon.ie/1lhNA3K Rod Pemberton P.S. No, I don't own or possess or control or use any. So, please don't shoot the messenger.