Hacker News new | past | comments | ask | show | jobs | submit login

Yay. Now that the bank money laundering game is drying up due to international regulation, Switzerland can find a new parasitic way to earn money helping corrupt oligarchs hide their stash.



Not to disagree with you, but aren't cryptocurrencies also working towards this same goal? I mean, what do you think would happen when you have a secret way to hide your wealth in such a way that nobody can tie it to your name? In fact, isn't that the point of cryptocurrencies?

I'm just trying to figure out, what you think cryptocurrencies are for, if not, for individuals to have a means of cash (and/or wealth storage) decoupled from the state.


I think the two killer apps for crypto are money laundering and tax evasion which are two core competencies of the Swiss economy so their moves here are not surprise.


The biggest cryptocurrency, Bitcoin, is actually very transparent and its biggest concern is being decentralized and censorship resistant, so that governments can't have direct control over its inflation or are able to censor transactions (for example to Wikileaks, which happens with USD)


not all cryptos are about that. many others put decentralisation first and are OK with transparency. but the latter, of course, clashes with the idea of a nation state trying to become _the_ crypto nation.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: