3 ms·

I'm still unclear how bitcoin (et al) can be used to exfiltrate assets anonymously. Doesn't the ledger (blockchain) keep track?

• mehrdadn 6y ago
  Yeah. It doesn't.
  • specialist 6y ago
    Illuminating. Thank you. For more serious observers: Bitcoin is "pseudoanonymous", right? Am I wrong in assuming that state level actors would have the juice to deanon transactions? Like we suspect NSA and others have hacked tor? Naive me guesses bad guys launder bitcoin thru banks beyond the reach of interpol and other agencies. That seems like a thin, easily pierced veil by any sufficiently motivated state level player. I've watched some videos about money laundering for noob audiences like me. Based on some of the strategies explained, another notion occurs to me: use a herd of smurfs to launder the bitcoin into physical assets.
    • mehrdadn 6y ago
      I was 100% serious. Your understanding is already correct. I'm not sure what else you're hoping to read; there's nothing for me to add. What you're saying is exactly the case. You can find lots of stories if you Google, e.g. https://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin https://www.sciencemag.org/news/2016/03/why-criminals-cant-h...
      • specialist 6y ago
        Ok. Thank you. Will read. Peace.
• srtjstjsj 6y ago
  No one said "anonymous" before you did.