3 ms·
This is the traditional way to launder money with art, only now much easier!
by woleium 6y ago
This is the traditional way to launder money with art, only now much easier!
- dleslie 6y agoBingo. Folks aren't buying a verified unique token for obscene amounts just to brag about it. They might brag, but many have other reasons to hold an object of such "value" . Anyone thinking that NFT is anything other than a vanity token for the wealthy and a money laundering mechanism for the same is fooling themselves.
- jVinc 6y agoAnd to me the interesting question here is, if we both buy cheap 10$ tokens, and agree to buy these from each other at 1000$ and "lose our keys" will we be able to collect insurance on the lost asset? Will we be able to deduct the loss in taxes? Or if we donate the "artworks" to each others charities will we be able to deduct them in taxes?
- 6nf 6y agoGood luck finding an insurer that will insure these for you
- woleium 6y agothe tax scam will be: 1. make shitty meme with alt dirty account 2. buy meme with real account for $1mm 3. gift meme to charity auction, write off 1mm in taxes 4. launder 1mm from dirty account by buying shitty meme from main account.