Silk Road forums

Discussion => Security => Topic started by: Miah on May 29, 2013, 02:48 am

Title: Let's Brainstorm
Post by: Miah on May 29, 2013, 02:48 am
Ok so based on the events of today with Liberty Reserve it would seem that the Government is cracking down on so called 'money transmitters'. It was big headlinenews story on CNN. I'm sure the guys involved in the bust are now thoroughly sucking each other off but that's another matter, I digress. So let's say however that one day they do succeed completely and it becomes impossible to purchase or sell bitcoins without being viewed as a criminal. What's the strategy then?

I have a few ideas(kinda far fetched) but as I was driving I thought to myself if someone could create a system or application that's anoymoized that will allow you to make financial transactions. See with Liberty Reserve there was a huge trail to follow. Money had to come from some account to purchase said bitcoins or make payouts but what if someone developed an anonymous banking service. I know if someone was ever successful in that it would probably go hand and hand with Silk Road. But then again with an  banking service you could have terrorists using it to transfer money to fund attacks againest our country( that's what the government would say). Spent the past couple of days just reading about all the new money laundering acts, Patriot act, and each countries anti-laundering money programs. It just seems to be that the answer would be an anonyomized banking website/app. We could apply the same concepts use for Tor and Silk Road and refactor them. That's not something I can do and I'm not sure if what I'm suggesting is even possible hence the brainstorm session! Would love to hear what some better minds think about this  ;D