Did somebody say fine art = money laundering? A banana duct-taped to a wall sold for $120,000 at Miami's Art Basel this week

submitted by useless_aether from cbsnews.com

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[–]Tom_Bombadil 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 3 fun -  (3 children)

Only problem with crypto is it's so difficult for governments to tax.

Um... That's actually not a problem.

It's a benefit.

[–]HeyImSancho 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

I somewhat think since the NSA created the blockchain algorithm, that it's a false positive towards freedom. On that point, I recently read an article by 2 professors out of some Texas college, that were able to actually pinpoint the rise of bitcoin, from a single player out of a single exchange. The massive jump up from a couple grand, to 10 wasn't organic.

Now, I know there's a ton of information now that only serves to contradict; so as to create chaos, so take anything I bring up with a grain of salt, as it could just be what I'm reading(just like anyone else lol).

[–]Tom_Bombadil 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

I wouldn't be surprised if it was a state operation to sabotage/transition off of the dollar.

Even so, the idea has caught on, and clever people will find a way to make it work.

[–]AnarchySpeach 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

sabotage/transition off of the dollar.

That seems unlikely at the moment. I don't see much profit to be made by doing it... at least currently.