On 11/27/13 00:04, James A. Donald wrote:
On 2013-11-27 04:29, Al Billings wrote:
What do you bribe an ex-president (out of office since the millennium) to do for you when lecturing?
When he is in power, you put large sums of money under his effective control, but not under his name. Out of power, the money gets laundered to him by various means, among them inflated speaking fees.
Bitcoin cannot stop corruption but it may make it harder to hide. Hence, easier to detect. My hope is that Bitcoin is transparent enough for action groups to investigate and bring the dirty laundry into the sunlight. My worry is that by using intermediate payment providers, this transparency gets lost due to 'banking sectrets'. My point was that money == power and power needs to be checked. Not by those in power. Now we disagree on the method of doing something against those that abuse the money. :-) Guido.