Silk Road forums

Discussion => Philosophy, Economics and Justice => Topic started by: zetterberg99 on May 18, 2013, 02:15 am

Title: Legal implications of Bitcoinfog?
Post by: zetterberg99 on May 18, 2013, 02:15 am
I've used bitcoin fog before, and it has been a great service in my experience.  In the interest of playing devils advocate, I'm wondering what the legality of bitcoinfog service is.  Obviously the tor network should protect the users, but in the event of a major security breach how would a coin mixing service like this be handled?  It seems to me that the users and operators would be an easy target for the RICO act (under US law at least) if some member are proven to have illegal business with their coins.  Not a lawyer though, so my understanding might be incorrect.

Food for thought.
Title: Re: Legal implications of Bitcoinfog?
Post by: PerPETualMOtion on May 18, 2013, 03:15 am
If Bitcoinfog is providing the service it claims, then there are no legal implications. That's the point of money laundering... it comes out clean.

Now, if you're worried about IRS or DHS or any other cocksucking department to investigate your $200 of BTC for your ounce of cannabis, then they might wonder what you did with your money...

It's called a Non-profit donation... you wanted to save the Pandas... or Whales... or some other futile and wasteful scam that emotional marketing steals from hard working people of the world....

Whales should be farmed like cows.

Pandas... I don't give a fuck what a panda does.

Polar Bears: biggest wildlife conservation scam there ever was...

Darfur... Somalia... Cote'd Ivore.... you name it, if it is a fundraiser, then it is money poorly spent.

Sorry, back to the topic. Fundraisers! They are the best way to feigning innocence. BTC donations. Dondations aren't illegal.

"I don't know what bitcoinfog is. Never heard of it."
Title: Re: Legal implications of Bitcoinfog?
Post by: Deutsche Bank on May 19, 2013, 12:30 am
"I don't know what bitcoinfog is. Never heard of it."

If they accuse you, deny it.
They have to prove that you're guilty.
Title: Re: Legal implications of Bitcoinfog?
Post by: StExo on May 19, 2013, 04:29 pm
As far as I am concerned you have to prove knowledge or knowing participation in such cases. The purpose of BitcoinFog is to make your bitcoins anonymous from their source, there is nothing illegal about that in of itself unless you're a business and have to abide by certain data retention laws in some cases. If 1 person at a bank committed fraud it does not automatically mean all account holders can be charged, nor does if the bank commit wrongdoing such as the HSBC money laundering case does it mean the account holders or employees are responsible.