4 ms·

Money laundering is just a "make my life easier" card for prosecutors. By itself, it is not harmful at all. Maybe tax evasion is harmful, but don't conflate the

Money laundering is just a "make my life easier" card for prosecutors. By itself, it is not harmful at all. Maybe tax evasion is harmful, but don't conflate the two. It's disgusting that we've let people get away with promoting this idea of hiding your money, seeking privacy, is somehow wrong. This was on HN a while ago: https://www.americanbanker.com/opinion/money-laundering-is-financial-thoughtcrime https://www.americanbanker.com/opinion/money-laundering-is-f... As far as this being the "point" of cryptocurrency, it's rather silly to suggest the point is to massively increase traceability in transactions. Maybe that's just a limitation of Bitcoin.

aphextron 9y ago
>As far as this being the "point" of cryptocurrency, it's rather silly to suggest the point is to massively increase traceability in transactions. Maybe that's just a limitation of Bitcoin. But isn't a verifiable ledger of public transactions a valuable thing in and of itself? I believe the original intent of Bitcoin was to also help facilitate things like land deed transfers. A blockchain could easily replace all the of the "legals" sections in newspapers.