Clarity comments on A proposed inefficiency in the Bitcoin markets - Less Wrong

3 Post author: Liron 27 December 2013 03:48AM

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Comment author: Eliezer_Yudkowsky 03 January 2014 10:30:19AM 7 points [-]

I'd take bets against Bitcoin resulting in any significant restructuring of government. Remember, Warren Buffett pays lower tax rates than his secretary. Criminals around the world are already quite successful at money laundering. And yet society has not collapsed. This won't collapse it either.

Comment author: Clarity 17 February 2016 03:16:05PM 0 points [-]

Money laundering at casinos in Australia is as simple as swapping cash for chips then chips for cash in sums of less than 10,000 (the figure above which transactions must be reported to authorities). Society may not collapse, but that's funding a whole lot of problem gambling misery.