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reviseddamage

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[ my public key: https://keybase.io/pfi; my proof: https://keybase.io/pfi/sigs/PwRIgVU2vga93RpOt73J9tXTv8wU4ZR7VlXpZFRBw8A ]

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www.saveonsend.com 7y ago

TransferWise: Rebel, What Is Your Cause?

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2pts0
watchmakingblog.com 7y ago

Lecture: The George Daniels Co-Axial Escapement

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1pts0
news.ycombinator.com 9y ago

Ask HN: How do i teach my autistic son to code?

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15pts15
www.americanbanker.com 9y ago

OCC Grants New Charter to Fintech Firms with Strings Attached

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1pts0
unenumerated.blogspot.com 9y ago

Artifacts of wealth: patterns in the evolution of collectibles and money

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1pts0
randomoracle.wordpress.com 10y ago

Bitcoin’s meta problem: governance (part II)

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2pts0
randomoracle.wordpress.com 10y ago

Looking back on the Google Wallet plastic card

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1pts0
www.nytimes.com 10y ago

Elliot Gant, Marketer of the Button-Down Shirt, Dies at 89

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2pts1
journals.plos.org 10y ago

On the Viability of Conspiratorial Beliefs

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1pts0
randomoracle.wordpress.com 10y ago

Second-Guessing Satoshi: ECDSA and Bitcoin (part I)

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2pts0
www.pymnts.com 10y ago

PayPal Sets Guinness World Record

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2pts0
market.21.co 10y ago

Http status code 402 via 21.co

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2pts0
en.wikipedia.org 10y ago

Trojan Room coffee pot

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3pts0
unenumerated.blogspot.com 10y ago

Estimating and minimizing consumer worry – the Index of Worry

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3pts0
www.saveonsend.com 10y ago

Money Transfer Startups: race against time?

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5pts0
www.cnbc.com 10y ago

PayPal quietly re-enters online gaming

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2pts0
imgur.com 10y ago

PayPal Disables 2-Factor via Twitter DM x/post

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fieggen.com 10y ago

Shoelace knots

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154pts43
randomoracle.wordpress.com 10y ago

Downside to security standards: when vulnerable is better than uncertified

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1pts0
fourhourworkweek.com 10y ago

The Evolutionary Angel, Naval Ravikant

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1pts0
patents.tilton.co 10y ago

Patent- Space Elevator

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2pts0
knowyourcountry.com 10y ago

Country Risk Ratings – Money Laundering

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2pts0
www.youtube.com 10y ago

The Story of M-Pesa

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3pts0
medium.com 11y ago

The 2016 U.S. Presidential Candidates’ Logos, Ranked

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1pts0

it is the view of some senior bank people that I speak to that PSD2 will make such clauses in banking terms illegal

If that is close to explicitly as you have stated then either 1) The senior bank people you talked to are lying to you 2) the senior bank people you talked to really don't know anything about PSD2 3) They mistated to you how PSD2 changes will affect this 4) You misunderstood what they mentioned about PSD2 changes.

If a bank mentions in its clauses as per PSD2, that only authorized persons/firms are use an API and their acccess, they are authorized to negate any liability if it was given/accessed by an unauthorized party. Banks are required to make API's available (not same as accessible) to any SaaS or other developer as long as it is authorized by the bank.

Rather than relying on hearsay or in conversation on crucial regulatory changes , might I suggest this: https://www.createspace.com/5772402

Wait until your son is interested.

What an obvious realization that I hadn't thought about, lol. I guess I could wait, but I am thinking of pushing him (lol) to developing interests for possible occupations that I know that can be reliably done independently where verbal expression of language is not primarily essential, but not manual labor. I can wait too and see if he bites or drop hints to see whether he develops slow interest.

I did the read the case, your premise and understanding of what money laundering is, in this case incorrect. When something is illegal it does not have a binary state of technically illegal, and nontechnically illegal. It is or it isn't. Knowing and willingly, aiding and abetting laundering proceeds of crime is considered in the same case of money laundering, whether you stole the cards, or got money for stolen cards you sold, or you helped the guy who got money for the cards he sold, or you helped the guy who helped the guy that got money for the stolen cards he sold.

It's not easy to understand the vague and imprecise world of money laundering because the laws were written to be broad.

This is not the first time stings are carried out, this is also not the first time a prosecution fails at a case that by all indications of the allegation should have been easy to close.

Let's say person X has lots of bitcoins (potentially mined from the early days, when it was very easy to obtain). They go and sell it for $30,000, in cash. Let's assume X has the intention to declare the gains in their upcoming tax returns.

it's not what's happening here. i haven't seen where that was implied either.

it seems that in this case they were trying to entice the guy with stolen credit cards. As that didn't work, they tried switching to money laundering.

no, they didn't entice him stolen credit cards, they, undercover, purported the sale of bitcoins/cash to him for the purpose of laundering the proceeds of the crime ( stolen credit card). Therefore, if he engaged in that sale knowingly, he willingly engaged in the laundering of proceeds of crime, i.e: money laundering. What they were weak or unable to demonstrate substantially was that his transactions thus far before the sting, were largely derived in the operations of aiding and abetting the laundering of the proceeds of crime.

He engaged in nothing resembling money laundering

I happen to know what money laundering is, being a certified money laundering specialist (CAMS) and all, and what he allegedly engaged in was money laundering. However, the judge was being completely fair in her statement as the prosecution did a lot of flippity flop and kept switching back the defendant's position from what is a business and a payment instrument seller. This was a relatively easy case to win for the prosecution, but pretty astounding as to how a very ill prepared prosecution and well prepared defense can go a long way.