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You do ask how people ran their drug-and-weapons enterprises before bitcoin. You'd guess it was through shady lawyers, corrupt banks, tax oases and webs of mail
by HarryHirsch 9y ago
You do ask how people ran their drug-and-weapons enterprises before bitcoin. You'd guess it was through shady lawyers, corrupt banks, tax oases and webs of mailbox holding companies all the way down. That's proven working. But with bitcoin you are stuck with the dozen shady exchanges. Any normal criminal would think it's too risky.
- rebuilder 9y agoIsn't this like saying Uber can't compete with taxi companies because the old model is proven to work? I'm not able to tell you whether it's true or not, but the claim here is that Bitcoin removes a lot of the friction in illicit markets, so that you don't need to be a Colombian Don to sell cocaine.
- kamaal 9y ago>>Any normal criminal would think it's too risky. Actually a simple Perl script would do. Plus if it comes down to that, those criminals can run their own exchanges.