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The simple solution is for digital assets themselves to become more "real." For example in Loom a merchant can issue a digital asset redeemable for his own pro
by fexl 16y ago
The simple solution is for digital assets themselves to become more "real." For example in Loom a merchant can issue a digital asset redeemable for his own products and services, and that digital asset can trade freely like cash. It's "real" because you can reliably obtain real things with it. These asset types are not as liquid as the US dollar yet, but within certain trading networks they can be quite useful.
Regarding money "laundering," that used to be defined as concealing the proceeds of crime. Now privacy itself has been defined as laundering, even when no fundamental crime is involved. That is to say, privacy itself is criminalized by statute. It's sick, and decent people need to reject that way of thinking. Stick to the principles of common law and voluntary exchange.