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Cash can be and is tracked. This takes it a step further. I won't be surprised if governments outlaw the use of tumblers or go after everyone with tainted bitco
by auganov 10y ago
Cash can be and is tracked. This takes it a step further. I won't be surprised if governments outlaw the use of tumblers or go after everyone with tainted bitcoin (which given a possible high percentage of dirty bitcoin would make them unfeasible). Otherwise, you've given for-profit cybercriminals the last piece to routinely execute perfect crimes.
- ryanlol 10y agoThe usage of tumblers is "money laundering" in mostly every country. > go after everyone with tainted bitcoin How? What for? owning tainted bitcoin isn't illegal and given the amount of "tainted" coins it's probably not even enough for probable cause.
- auganov 10y agoWell, effectively outlawing tumblers involves investigating people that pay with tumbler-tainted coins. I mean it more in a Patriot Act type legislation sense rather than probable cause [0]. Obviously, if you've got non-tumbled coins with a direct criminal taint then I'm pretty sure that's probable cause already. Just to be clear - coins are not forever tainted in such context. i.e. someone extorts 1 BTC, the victim reports it - it's now tainted. The criminal pays the 1 BTC for pizza, police arrests him. The coin owned by the pizza place is a clean coin again now. [0] tho I guess in some cases it could very well fulfill it (>50% probability of a crime having been committed)