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(The Verge)   The Koch brothers will soon be able to hide their campaign contributions through Bitcoins   (theverge.com) divider line 75
    More: Obvious, Koch Brothers, bitcoins, campaign contributions, digital currency, cash equivalents, donations  
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1297 clicks; posted to Politics » on 08 Nov 2013 at 2:24 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



75 Comments   (+0 »)
   
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2013-11-08 01:45:42 PM  
Well that's just farking brilliant.
 
2013-11-08 02:04:13 PM  
We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.
 
2013-11-08 02:06:54 PM  

UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.


If you redefine "voting Democrat" as fraud, then it's happening all the time. In fact, the majority of the "votes" last year were "fraudulent".
 
2013-11-08 02:26:30 PM  
How do you hide something through Bitcoins?
 
2013-11-08 02:26:52 PM  
I keep my political slush fund money in Beenz.
 
2013-11-08 02:27:03 PM  

UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.


I should say, I mean, WTF?  How is this even a good idea?
 
2013-11-08 02:30:29 PM  
buttcoins
 
2013-11-08 02:35:00 PM  

Satanic_Hamster: UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.

I should say, I mean, WTF?  How is this even a good idea?


It's a great idea if you think the peasants are making too much money and too much of world GDP goes to actual workers.
 
2013-11-08 02:35:52 PM  
So Subby, you are telling us that the Koch bros are the ones stealing bitcoins and they should be drawn and quartered?
 
2013-11-08 02:39:33 PM  
If I was a newly-promoted Taliban commander (NOTE TO NSA: I'm not) I would look at this as a wonderful opportunity.

Step 1: Contribute to drone-happy U.S. politicians' campaigns.
Step 2: Leaked story about how drone strikes have been disproportionately targeting my rivals.
Step 3: Reveal my campaign contributions.
Step 4: Drone program grounded during Congressional investigation.
Step 5: I don't get bombed.
 
2013-11-08 02:40:53 PM  
That's kind of clever really.

But I bet some staffer will embezzle some of it for drugs.
 
2013-11-08 02:41:12 PM  
But in Farkland we have already established the that Koch brothers finance the bad people with billions and billions.

Sooo... this really means nothing then.    We already knew.    So what, they changed bills.

Fark needs some better stuff to greenlight.
 
2013-11-08 02:42:45 PM  
Way to go, Bitcoin people.  Bet you didn't see that coming.
 
2013-11-08 02:43:20 PM  

UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.


TFA states that individual limits would still apply, so some kind of records would have to be kept and the donations wouldn't be totally untraceable.  It would probably operate no differently than donations in US dollars from any other bank account.
 
2013-11-08 02:44:16 PM  
autism kroners
 
2013-11-08 02:44:41 PM  

Jackson Herring: buttcoins


Preferred currency of sh*tlords everywhere.
 
2013-11-08 02:46:17 PM  

Karac: UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.

TFA states that individual limits would still apply, so some kind of records would have to be kept and the donations wouldn't be totally untraceable.  It would probably operate no differently than donations in US dollars from any other bank account.


Once cashed they would be traceable and limits would apply, but anyone could launder whatever illicit funds through Bitcoin and give them to a U.S. citizen for the purpose of donating to a campaign. Probably be able to blackmail them as well if they have evidence of illicit transactions on the potential donor's part.
 
2013-11-08 02:46:50 PM  
Hope they get Reamde.
 
2013-11-08 02:49:39 PM  
bit coin

trafficking in guns, child pornography, drugs, and political corruption.  I can tell it has a bright future
 
2013-11-08 02:50:51 PM  

UrukHaiGuyz: Karac: UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.

TFA states that individual limits would still apply, so some kind of records would have to be kept and the donations wouldn't be totally untraceable.  It would probably operate no differently than donations in US dollars from any other bank account.

Once cashed they would be traceable and limits would apply, but anyone could launder whatever illicit funds through Bitcoin and give them to a U.S. citizen for the purpose of donating to a campaign. Probably be able to blackmail them as well if they have evidence of illicit transactions on the potential donor's part.


That's ... not a whole hell of a lot different than what we have nowadays.
 
2013-11-08 02:51:37 PM  
Bitcoins are completely trackable....
 
2013-11-08 02:52:21 PM  

Jackson Herring: buttcoins


Ass pennies?
 
2013-11-08 02:53:44 PM  
Any farkers track the value of bitcoins?  How stable of a currency is it?

I'm asking because I coverted my 401k to bitcoins last week and though it might be a good idea learn about them.

What are the chances the Kochs are going to get stuck holding a basket full of worthless bitcoins?
 
2013-11-08 02:54:47 PM  

Muta: How stable of a currency is it?


It is basically Tom Cruise.
 
2013-11-08 02:56:38 PM  

A Dark Evil Omen: Muta: How stable of a currency is it?

It is basically Tom Cruise.


Tom Cruise during the Mimi Rogers era, Nichole Kidman era or Katie Holmes era?
 
2013-11-08 02:57:55 PM  
So who's going to go after Bitcoins? The Treasury Dept, DHS or the BATF? since undoubtedly there are firearms involved in protecting said online currency's interests.
 
2013-11-08 02:58:56 PM  

Karac: UrukHaiGuyz: Karac: UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.

TFA states that individual limits would still apply, so some kind of records would have to be kept and the donations wouldn't be totally untraceable.  It would probably operate no differently than donations in US dollars from any other bank account.

Once cashed they would be traceable and limits would apply, but anyone could launder whatever illicit funds through Bitcoin and give them to a U.S. citizen for the purpose of donating to a campaign. Probably be able to blackmail them as well if they have evidence of illicit transactions on the potential donor's part.

That's ... not a whole hell of a lot different than what we have nowadays.


It's more that they don't leave as clear a trail as if they had passed through legit financial institutions. But....yeah. Plutocrats run the show, they're just getting way more blatant about it.
 
2013-11-08 03:04:15 PM  
So really we have to hope at some point we find out Bitcoin is being run by Bernie Madoff and the Koch money is all gone.
 
2013-11-08 03:07:14 PM  
Can they score some heroin?
 
2013-11-08 03:09:53 PM  
But for now we can still know a little of what's really going on.

Kochs and Republicans launch bid to snuff out wind-energy tax incentives

 A key tax incentive credited with boosting wind-energy capacity in the U.S. is due to expire in eight weeks, and fossil fuel lobbyists are working hard to blow it to oblivion.

The Koch-backed conservative group Americans for Prosperity is launching an advertising campaign calling on lawmakers to allow the production tax credit (PTC) to expire on Dec. 31.
 
2013-11-08 03:12:46 PM  
So can George Soros.

/Booga Booga!
 
2013-11-08 03:14:06 PM  
Untraceable? Might want to ask the FBI how all the currancy they stole from the silk road is marked and no one is dealing with them...
 
2013-11-08 03:14:08 PM  

neversubmit: But for now we can still know a little of what's really going on.

Kochs and Republicans launch bid to snuff out wind-energy tax incentives

 A key tax incentive credited with boosting wind-energy capacity in the U.S. is due to expire in eight weeks, and fossil fuel lobbyists are working hard to blow it to oblivion.

The Koch-backed conservative group Americans for Prosperity is launching an advertising campaign calling on lawmakers to allow the production tax credit (PTC) to expire on Dec. 31.


I love it. Teabaggers against Tax Credits. Sounds like a Web site there, Jim.
 
2013-11-08 03:15:36 PM  

UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.


Libertarian paradise here we come! It is the natural result of a neutered government: a more powerful alternative fills the vacuum.
 
2013-11-08 03:18:52 PM  
Yet I can't buy a pound of Afghani hash using BitCoins anymore? FARK YOURSELF, FASCO-CAPITALISM.
 
2013-11-08 03:23:28 PM  

Facetious_Speciest: Yet I can't buy a pound of Afghani hash using BitCoins anymore? FARK YOURSELF, FASCO-CAPITALISM.


*Psst.*

Replacement site is out.
 
2013-11-08 03:24:24 PM  
super_grass

Shush.
 
2013-11-08 03:24:44 PM  

Muta: A Dark Evil Omen: Muta: How stable of a currency is it?

It is basically Tom Cruise.

Tom Cruise during the Mimi Rogers era, Nichole Kidman era or Katie Holmes era?


None of the above. During the Cruz era!
 
2013-11-08 03:26:36 PM  

Muta: Any farkers track the value of bitcoins?  How stable of a currency is it?

I'm asking because I coverted my 401k to bitcoins last week and though it might be a good idea learn about them.

What are the chances the Kochs are going to get stuck holding a basket full of worthless bitcoins?


doubled in price... since ya did it then.
 
2013-11-08 03:26:54 PM  
Feeling more and more like Shadowrun every day.

UCAS dollar tanks, the nuyen goes up. Global corporate bank goes orbital. Megacorporations claim global authority, if not in title but all other means.

Gonna need an NAS plague or two pretty soon...

I'll roll the mage, I need a Combat Rigger, Combat Decker and Street Sam, if you think you're as gosu you say.
(I say combat decker because desk decker just doesn't play well with groups, a sad fact)
 
2013-11-08 03:28:27 PM  
Sanguine Dawn

I've been a combat shaman since 1996. NO TROGS.
 
2013-11-08 03:31:46 PM  

Facetious_Speciest: Sanguine Dawn

I've been a combat shaman since 1996. NO TROGS.


oyster.ignimgs.com
 
2013-11-08 03:37:52 PM  

Darth Macho: If I was a newly-promoted Taliban commander (NOTE TO NSA: I'm not) I would look at this as a wonderful opportunity.


That sounds exactly like something a Taliban commander would say. I'm sure you'll have the NSA popping along soon enough, to drone on about national security and all that.
 
2013-11-08 03:45:11 PM  
Since when do the Kochs feel they have to keep their contributions a secret?  The more they buy our democracy, the more the GOP base loves them.
 
2013-11-08 04:00:18 PM  
To be fair, this is a step up from the illegal drugs and weapons that are usually traded with bitcoins.
 
2013-11-08 04:08:33 PM  

Jackson Herring: buttcoins


I see Mark Sanchez's future career.
 
d23 [TotalFark]
2013-11-08 04:08:39 PM  
There are enough people on this thread pissed off about Bitcoin to indicate it most likely has a bright future.

When people are saying stupid things about a subject on Fark it's a good indication the right buttons have been pressed.
 
2013-11-08 04:09:29 PM  

UrukHaiGuyz: We're going to allow untraceable money from anyone/where in the world to flow towards campaigns, but we need voter ID's to deter fraud that isn't happening. Awesome.


Last time I checked, bitcoins couldn't vote.  Is your vote for sale or something?
 
d23 [TotalFark]
2013-11-08 04:09:49 PM  

ToastTheRabbit: Muta: Any farkers track the value of bitcoins?  How stable of a currency is it?

I'm asking because I coverted my 401k to bitcoins last week and though it might be a good idea learn about them.

What are the chances the Kochs are going to get stuck holding a basket full of worthless bitcoins?

doubled in price... since ya did it then.


If Koch brothers do this I will have to admit that it's the first time they EVER have done something that I benefit from.
 
2013-11-08 04:10:26 PM  

Target Builder: Darth Macho: If I was a newly-promoted Taliban commander (NOTE TO NSA: I'm not) I would look at this as a wonderful opportunity.

That sounds exactly like something a Taliban commander would say. I'm sure you'll have the NSA popping along soon enough, to drone on about national security and all that.


"Darth Macho" is clearly merely an anagram of his nom-de-guerre, "Ahmad Torch".
 
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