3 ms·
It's kind of frustrating as a person wanting a decentralised payments system having to work with people who want the most anonymous payments system possible. E
by rtpg 11y ago
It's kind of frustrating as a person wanting a decentralised payments system having to work with people who want the most anonymous payments system possible.
Enabling anonymous financial actions _is the very definition_ of money laundering. Though the protocol could be freely distributed, any form of business built on it will have a lot of trouble existing in any useful form. Starting from that point is going to make your life so much harder.
And of course, the irony in trying to use Bitcoin as a basis for anonymous transactions is solved with Zerocoin. But I don't know how a law-abiding business can have reasonable knowledge of the parties in the transactions (a requirement to not be money laundering) without meeting the wishes of the fanbase.
- gavazzy 11y agoActually, anonymous financial transactions are quite common. Every time you purchase something with cash, the seller receives payment with no knowledge of who you are or how you got the money. And the definition of money laundering is hiding the source of illegally obtained money. An anonymous transaction isn't laundering if there's nothing dirty about the money in the first place.
- XorNot 11y agoPaying in cash involves turning up in person with cash. That's definitely not anonymous.