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Comment on Bitcoin investor moves $8 billion worth of crypto after 14 years, originally bought for less than $210,000 — 80,000 BTC transferred from Satoshi-era wallet

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RazgrizOne@piefed.zip ⁨1⁩ ⁨day⁩ ago

The planet money piece is very long so I’ll have to check it out later, but the Vice article says nothing of the sort and actually spends time mocking people and saying it’s a conspiracy. So I’m not really sure how that at all supports what you’re saying. It just says CIA is interested in and involved in crypto, which makes sense given how it’s used. It does not say anything at all about them starting it or having a major hand in it.

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LustyArgonianMana@lemmy.world ⁨1⁩ ⁨day⁩ ago
No, the Vice article fully supports what I’m saying for that point. Look who is quoted:

CIA Director William Burns said on Monday that the intelligence agency has “a number of different projects focused on cryptocurrency” on the go.

“This is something I inherited. My predecessor had started this, but had set in motion a number of different projects focused on cryptocurrency and trying to look at second- and third-order consequences as well and helping with our colleagues in other parts of the U.S. government to provide solid intelligence on what we’re seeing as well.”

As I stated, the CIA is fully involved in crypto. The other article is the one that explains why people think Satoshi is CIA.

How do you think spies get money?

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- RazgrizOne@piefed.zip ⁨1⁩ ⁨day⁩ ago
  how do you think spies got money before bitcoin first launched…?
  
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  - LustyArgonianMana@lemmy.world ⁨1⁩ ⁨day⁩ ago
    Money Laundering Techniques
    
    Guess what crypto is
    
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    RazgrizOne@piefed.zip ⁨1⁩ ⁨day⁩ ago
    You’re so close dude.
    
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  - boonhet@sopuli.xyz ⁨1⁩ ⁨day⁩ ago
    In cash, but it was always risky. Couriers get intercepted, etc.
    
    That said, I don’t think BTC is the best for CIA. It’s publicly traceable and that’s always been known. Of course if they have untraceable bank accounts and used those to buy the BTC, then it’s not particularly relevant. The spies can use their own tactics to hide their income.
    
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    LustyArgonianMana@lemmy.world ⁨1⁩ ⁨day⁩ ago
    Spies are buying vehicles, drugs, guns. They can’t carry that much cash and large amounts must be declared at customs and can be seized via asset forfeiture laws and the person investigated as a spy. The entire point is to not be detected by the government or banks.
    
    So no, not cash.
    
    You can easily make new accounts and scramble crypto accounts and funds.
    
    BTC is good for spies bc it has low volatility and can blend in with normal citizens who trade it bc it is so well known. They don’t need a bank account in the country they are spying in for it, they just transfer the BTC instead of giving cash.
    
    The spies can use their own tactics to hide their income.
    
    That’s literally what’s being discussed lol, those specific tactics.
    
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