4 ms·
> I now have about 55-65% of my original take in relatively clean money that I convert to bitcoin and back. I'm no tax investigator expert, but I cannot think
by mrep 7y ago
> I now have about 55-65% of my original take in relatively clean money that I convert to bitcoin and back.
I'm no tax investigator expert, but I cannot think of a more sketchy/illegal way to "make a lot of money" than by receiving a bunch of bitcoin especially considering every bitcoin transaction is recorded on a public leger. They have every accounts history you received money from. How are you going to explain receiving all those transactions? At least with your app, you have something to show what people paid for even if it is shit.
- moate 7y agoI mean the whole plan was to steal credit cards and then launder the money through several intermediaries. It's like the textbook definition of "sketchy/illegal". THAT SAID, there's nothing illegal about using money from your app store company to purchase bitcoin. IDK that it even feels that weird these days with crypto being proto-mainstream at this point. Easily hand waved away as "Oh, he's one of those weird tech guys". Most criminal activity is risky. The bet you're making is "this is unlikely to be investigated thoroughly enough for me to be caught". Considering how the government keeps gutting the IRS, and how difficult investigating cybercrimes is for most police departments, this isn't even implausible in the US.