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It's possible to run a Bitcoin laundromat; you control addresses A and D, laundromat controls B and C. Send money from A to B, receive from C to D. As long as t
by bonzoesc 16y ago
It's possible to run a Bitcoin laundromat; you control addresses A and D, laundromat controls B and C. Send money from A to B, receive from C to D. As long as the laundromat doesn't recycle addresses and moves a lot of cheddar, it'll be difficult to establish a linkage.
- reitzensteinm 16y agoActually, it sounds pretty easy to programatically establish that linkage if B & C are only used once. Just discount nodes that only forwarded money in their life. You could make lots of noise by having hundreds or thousands or tens of thousands of nodes trading with each other - but automated analysis could still figure out what they're doing. To effectively launder money you'd have to actually put it through active accounts that were actively transacting with the real world, and even then, only through each one once. That sounds like a harder problem than laundering real money. There would likely need to be a real money step in there somewhere.
- reitzensteinm 16y agoOops, I misunderstood the parent comment, and the edit period has passed.