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Is it just me or does everything in the DeFi space these days sound like a really flimsy response to a money laundering investigation? No really, officer, I wa
by KirillPanov 6y ago
Is it just me or does everything in the DeFi space these days sound like a really flimsy response to a money laundering investigation?
No really, officer, I wasn't laundering those drug proceeds, I was just buying a non-fungible token from Pablo Escobar in order to resell it to El Chapo. NFTs are just like artwork, officer. You know, the kind of artwork that billionaires use to launder money? We're just doing the same thing they do, but on the blockchain!
Come on folks. It's getting ridiculous. I'm as critical of the AML/KYC insanity as anybody else, but the answer definitely is not to invent new ways to make cryptocurrencies attractive to real money launderers. The latest goofiness is pretty transparent.
- cinntaile 6y agoThe idea of an NFT has been around for a couple of years, isn't that basically why ethereum was created? I do see the value in creating digitaly verifieable unique things, like skins for a game tied to a specific user while not being tied to a specific platform. It'll be interesting to see how this plays out.