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Comment by borgchick | Hacker News Reader

Perhaps the drug dealers got smart, "hey, if we hand over the video showing Ford smoking the crack we sold him, doesn't that prove we are drug dealers? damn mo-fo, we outta here!"

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Well I had actually wondered as well about the simple logistics of accepting a $200k payment.

Clearly Gawker would need some kind of paper trail before making that payment, not just for tax purposes but simply because I'm pretty sure there are laws that govern transfers that large..

So the recipient would have to declare that income at tax time (and possibly even file paperwork on receipt) to at the very least pay taxes on it, which would put them on the government's radar, which is something they may want less than they would want $200k..

It's still legal to use cash to pay for things. Let's not assume that we've lost that ability until it happens. It's an important privacy we shouldn't give up easily.

I'm not sure that a US business can take out $200k from the bank, bring it across the border into Canada undeclared, and give it to a random person without any kind of paperwork or tracking..

Maybe I'm wrong! I'd just be pretty surprised about it..

You're right about the border crossing. I didn't consider that. Canada wants documentation after $10K.

http://www.cbsa-asfc.gc.ca/publications/pub/bsf5052-eng.html

Well actually one of them, possibly the owner of the video, was killed [1], the others have probably gone into hiding.

[1] http://www.theglobeandmail.com/news/toronto/toronto-police-s...

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