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It is quite difficult to have global, functioning blacklist system. I would guess for example some country in Asia might have quite different blacklist compared
by pinkybanana 6y ago
It is quite difficult to have global, functioning blacklist system. I would guess for example some country in Asia might have quite different blacklist compared to let's say to some country in Europe.
From criminals perspective they probably have money launderers on darknet markets who are willing to take the dirty crypto, deduct their hefty fee and offer clean crypto instead.
- bradleyjg 6y agoA bitcoin that couldn’t be spent anywhere outside of e.g. China would be far less valuable than one that could be spent anywhere. At very least this would reduce the profitability of ransomware attacks.
- pinkybanana 6y agoHow much less valuable exactly would you estimate? These markets for dirty bitcoins probably already exist, I would guess. I think someone would swap dirty btc to clean with price like 10% or maybe 20%. For criminals that would be just the cost of laundering the coins.