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Guessing here, but potentially allow you to actually mix fraudulent funds into real (or seemingly real) transactions? Assuming people actual use Libra to buy st
by bradstewart 7y ago
Guessing here, but potentially allow you to actually mix fraudulent funds into real (or seemingly real) transactions? Assuming people actual use Libra to buy stuff. To use a Breaking Bad example, the car wash cashier says 100 people paid $30 each for a car wash (and generates receipts for those) when only 10 cars actually showed up.
Zcash is great for anonymously moving money, but you can still trace the inputs and outputs since you ultimately need fiat to buy weapons and such.
- luckydata 7y agoLibra will almost surely be fungible on Facebook marketplace. I can easily think of a scheme to list fake stuff and use the money to buy it between two complicit parties or one. Do it at scale with bots, you have a great, completely automated way of squirrel away tons of money $10-15 at the time. Nobody would be able to effectively trace all those transactions if it's done well enough, and budget is not exactly an issue for the people involved in this kind of stuff.