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If all serials on cash were pervasively tracked, then we'd have and need such services. From criminals hiding their money, to a husband not wanting his wife to
by MichaelGG 9y ago
If all serials on cash were pervasively tracked, then we'd have and need such services. From criminals hiding their money, to a husband not wanting his wife to know he bought a gift at a jewelry store, everyone deserved privacy if they desire.
Money laundering is simply a term used by lazy prosecutors that can't find real crimes. Fundamentally it's criminalising the act of daring not to tell the government everything you do.
Not that mixing even accomplishes what criminals need - it leaves them needing a cover story for why they have so much Bitcoin.
- FRex 9y agoSequential bills is movie slang for marked/traced bills cops use to pay off ransoms and such. And 'the government' isn't going after anyone who 'dared to not tell the government everything they did' or even after all the clients of this mixer or all bitcoin users but after a guy who ran a specific large mixer that was used in mixing bitcoin from a large theft and several small thefts and sketchy in general (whatever that means in context of a tool like Bitcoin that on its own is quite notorious). And it's actually few governments together that are on this wider Mt. Gox case, including Japanese one (Mt. Gox location), Greek one (where Vinnik was arrested), etc. They also said he possible played a role in the theft itself - we will see what comes of it.
- MichaelGG 9y agoThe US government goes after all sorts of people that do things even remotely looking like money laundering. They make banks report $10K+ transactions, then invent a new crime if you avoid making such transactions. Small business owners get bit by this and end up fighting for their own money.