Show me the E-Money!
Wednesday, March 30, 2011 at 10:07AM If one wants to find the root of all evil, the best way is to follow the money. Banking Laws in the US require reporting to the government anything over $10,000. Plus we SHOULD be paying taxes on our money and you can't say you got your cash from being a gangster. Tax Evasion is how they got Capone.
Enter the Money Laundering! This is a way to clean your money. We all remember the scene from Scarface where they open all the businesses, a pizza place, car wash, salon for his sister, etc.
In the digital world, the cyber Soprano's try and move the money around so that it can't be traced. Bank to Bank, Country to County, Dollars to Euros to Yen to Euros to Dollars.
In this world, it helps to have a good bank. Enter Liberty Reserve. 
This bank requires you to provide information (unverified) to create an account. They do send you an email however I don't know anywhere on the internet that would provide you a 15 min email address. (I really do ;)
When dealing with the cyber underworld, most carders and botnet providers choose LR as the official bank of the underworld. It is also awesome for Online Poker, or so I have been told.
Funding your LR account is easy. There are many places online that will exchange money into the different E-Currencies.
So now we have funded our account with funds for all legal purposes only, how do we get it out? You can use the exchanger once again or you can get a prepaid debit card. They have more uses then the last minute gift for that family member that is weird and hard to shop for... wait a minute, I always get a gift card from my parents.
Now I know some of you are wondering is all this "safe" since we are dealing with online banking. If the fact that the cyber criminals bank this way is not enough, take comfort knowing that LR is VeriSign Trusted and McAfee Secure.
I would recommend researching the money exchange merchants. If you get a letter from someone who needs to move money out of Nigeria and only you can help them, have them wire you the money using this service... Nigeria's most reliable link to the World e-Currency Economy.
Digital currency has created trading markets just like the Dollar to Euro Spot rate, we have LR to other currencies spot rates. He is a scam investment opportunity now.
http://libertyreserve-investments.com/
Bitcoin is a peer-to-peer digital currency. Bitcoins have value if they are accepted as payment by many.
- Bitcoins can be sent easily through the Internet, without having to trust middlemen.
- Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.
- The total eventual circulation will be 21 million bitcoins. There will never be more coins than that.
One of the things about P2P money is being able to "hypothetically" send it around the virtual world through all the nodes and peers without a central bank (or recording agency).
Sign up for a bitcoin account and go here for 0.05 bitcoins to get you started. https://freebitcoins.appspot.com/
Since bitcoins is a real currency you can watch the value of it here.
http://bitcoincharts.com/markets/
The latest market rates as of 03/30/2011 at 10:00AM
This is just a brief introduction into the world of digital currency. As always use this knowledge for educational purposes only and not for digital crime. Most of us are too pretty for jail!
Digital Banking, Liberty Reserve in Phishing, Virus/Malware
Reader Comments (1)
Nice post!
Great avice and i am agree with this view.