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I think this obsession with money laundering is kind of absurd. Firstly the entire point of these technologies is it’s a permanent record so authorities could t
by Traster 6y ago
I think this obsession with money laundering is kind of absurd. Firstly the entire point of these technologies is it’s a permanent record so authorities could track you down any time. Secondly they’re grabbing tonnes of headlines which is the opposite of what money launderers want. Thirdly there are already plenty of ways to launder money.
The truth is it’s much more likely the frothy Bitcoin market is overflowing into other similar products - almost all the most recent news making headlines have been about transactions amongst people who gained all their wealth through Bitcoin in the first place. It’ll go to 0 next time Bitcoin does, and whilst Bitcoin will probably bounce back, lots of these new shitcoin alternatives won’t.