https://en.bitcoin.it/wiki/Anonymity
The link you passed seems to start with the misconception that Bitcoin is actually anonymous -- that users of Bitcoin might come because they think it makes them more anonymous.
I was also interested to read http://en.wikipedia.org/wiki/Structuring
Did you know it's called "smurfing" when you read and understand the law, and make your deposits in such a way that they will fly under the radar?
Money laundering just seems like such a nebulous crime to me. Maybe it's because I've never imagined having enough money to bring the scrutiny of federal agencies down on me. I'm still paying so much interest every year in federal student loans, at the end of the year they actually pay me just to have a job and keep it.
EDIT: I misinterpreted what you said. Yes, I do think it's freaky now that you put it that way. However it's not the act of making transactions over $10,000 that's illegal, it just brings increased scrutiny on you. IANAL though, and I don't know how they can determine that your transactions shouldn't be "just under the limit" that they decided arbitrarily was the amount that they should watch for.
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That's not what I thought was freaky. It's that it's actually called 'smurfing.'
You can't disagree that money laundering is a nebulous term! My understanding is that if you're not doing anything illegal in the first place, then it's not illegal, or money laundering, to attempt to remain anonymous and make your transactions anonymous, however, if you are attempting to make your money less traceable because you want to cover up your illegal activities (say tax evasion), then it's an extra charge for the district attorney to get you with.
Have you ever heard of being charged with conspiracy after the fact, when you've already been exonerated of the charge that you supposedly conspired to commit? It happens.
https://en.bitcoin.it/wiki/Mixing_service I had never heard this term before.
https://en.bitcoin.it/wiki/Anonymity The link you passed seems to start with the misconception that Bitcoin is actually anonymous -- that users of Bitcoin might come because they think it makes them more anonymous.
I was also interested to read http://en.wikipedia.org/wiki/Structuring Did you know it's called "smurfing" when you read and understand the law, and make your deposits in such a way that they will fly under the radar?
Money laundering just seems like such a nebulous crime to me. Maybe it's because I've never imagined having enough money to bring the scrutiny of federal agencies down on me. I'm still paying so much interest every year in federal student loans, at the end of the year they actually pay me just to have a job and keep it.