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(International Business Times)   Cryptocurrencies are destroying the US's effectiveness in ensuring that sanctions remain on foreign countries   (ibtimes.com) divider line
    More: Fail, United States dollar, Dollar, Finance, United States Department of the Treasury, United States Secretary of the Treasury, financial sanctions, Economics, Effectiveness  
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317 clicks; posted to Business » on 19 Oct 2021 at 6:18 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



17 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-19 6:26:27 AM  
Oh Noes!
In fact.
 
2021-10-19 6:37:51 AM  
OhNoAnyway.jpg
 
2021-10-19 6:50:29 AM  
Take that, geezers democracies!
 
2021-10-19 8:05:41 AM  
Sherlock, not constipated
 
2021-10-19 8:10:16 AM  
Pfft.  Subby everyone knows sanctions need more time.  Thousands of UN officials have built careers doing nothing but saying this.
Best Korea is almost defeated!
/Not really
//We in the USA built their nuke plants they used to build nuclear weapons.
///We are also feeding them through free food shipments.
 
2021-10-19 8:14:11 AM  
Careful! If you talk too loudly the reek of asparagus will waft into the room alongside arguments about how actually sanctions are bad things anyway.

Weakening the powers of the state was always a feature, not a big, and by the magical power of greed anything is possible.
 
2021-10-19 8:16:44 AM  
Good. Sanctions are war crimes.
 
2021-10-19 8:26:22 AM  
Why not? You know the US government spent, oh... two decades trying to shut down various money pipelines used for Irish terrorism, Iraqi terrorism, nKorea, Russia, Iran and whatever else, and bullying banks all over the world to the point that they don't accept American bank accounts anymore.

And now bitcoin is just throwing the barn door open. Sure someone MIGHT be able to track all the transactions, but they won't be prevented, and Homeland Security will not get into the business of shutting down exchanges or ETFs.

There has been a cost to all of these barriers and paperwork. I wonder... where is the benefit? Where are all the prisons full of terrorist money launderers? Where are all the confiscated funds and guns and drugs and money filling US banks from all of the illicit activity? Surely all of the BS that a typical American has to go through has kept illicit funds from Russia and China and the Middle East out of the US economy, right?
 
2021-10-19 8:31:08 AM  

Kegluneq: Careful! If you talk too loudly the reek of asparagus will waft into the room alongside arguments about how actually sanctions are bad things anyway.

Weakening the powers of the state was always a feature, not a big, and by the magical power of greed anything is possible.


Permissionless payments are a beautiful thing.
 
2021-10-19 9:00:17 AM  
Crypto is just another avenue - so now you don't have to tape bundles of hundred dollar bills to your girlfriends ass to fly to Switzerland with.
 
2021-10-19 9:02:05 AM  
Matter of fact, I wonder just how much of the what, $3T? we sent to Afghanistan ended up in crypto.
 
2021-10-19 9:05:25 AM  

Rapmaster2000: Take that, geezers democracies!


Word.  They're just jelly of the hip, new, forward-thinking countries like El Salvador!
 
2021-10-19 9:09:03 AM  

Hawk the Hawk: Rapmaster2000: Take that, geezers democracies!

Word.  They're just jelly of the hip, new, forward-thinking countries like El Salvador!


Their geezer president is like:
Fark user imageView Full Size

"What's a crypto?  Who's a crypto?  Where did I put my orthopedic back pillow?"

My cool president is like:
Fark user imageView Full Size

"Sup, bro?  Polo, bro.  Crypto, bro.  HODL, bro.  Lazer eyes, bro."
 
2021-10-19 9:49:55 AM  
Blockades are more effective than sanctions.
 
2021-10-19 11:26:05 AM  
I've been told that crypto is the most trackable currency that's ever existed.
 
2021-10-19 12:25:07 PM  

2fardownthread: Why not? You know the US government spent, oh... two decades trying to shut down various money pipelines used for Irish terrorism, Iraqi terrorism, nKorea, Russia, Iran and whatever else, and bullying banks all over the world to the point that they don't accept American bank accounts anymore.

And now bitcoin is just throwing the barn door open. Sure someone MIGHT be able to track all the transactions, but they won't be prevented, and Homeland Security will not get into the business of shutting down exchanges or ETFs.

There has been a cost to all of these barriers and paperwork. I wonder... where is the benefit? Where are all the prisons full of terrorist money launderers? Where are all the confiscated funds and guns and drugs and money filling US banks from all of the illicit activity? Surely all of the BS that a typical American has to go through has kept illicit funds from Russia and China and the Middle East out of the US economy, right?


You know, instead of trying to shutdown the money pipelines, it would be easier to just have the CIA assassinate the people providing the money.

After a couple of dozen deaths, I bet they'd stop.
 
2021-10-19 3:37:04 PM  

mcreadyblue: 2fardownthread: Why not? You know the US government spent, oh... two decades trying to shut down various money pipelines used for Irish terrorism, Iraqi terrorism, nKorea, Russia, Iran and whatever else, and bullying banks all over the world to the point that they don't accept American bank accounts anymore.

And now bitcoin is just throwing the barn door open. Sure someone MIGHT be able to track all the transactions, but they won't be prevented, and Homeland Security will not get into the business of shutting down exchanges or ETFs.

There has been a cost to all of these barriers and paperwork. I wonder... where is the benefit? Where are all the prisons full of terrorist money launderers? Where are all the confiscated funds and guns and drugs and money filling US banks from all of the illicit activity? Surely all of the BS that a typical American has to go through has kept illicit funds from Russia and China and the Middle East out of the US economy, right?

You know, instead of trying to shutdown the money pipelines, it would be easier to just have the CIA assassinate the people providing the money.

After a couple of dozen deaths, I bet they'd stop.


We just need to find the ones who smoke cigars.
 
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