4 ms·

It's not. All of the DNMs have switched to Monero already. Ransomware is also changing to Monero. Anyone using Bitcoin for illegal stuff at this point will be c

by zelly 5y ago

It's not. All of the DNMs have switched to Monero already. Ransomware is also changing to Monero. Anyone using Bitcoin for illegal stuff at this point will be caught.

deleted 5y ago
[deleted]
birdyrooster 5y ago
Correction: Anyone running a large business using bitcoin for illegal stuff is likely to be caught at this point.
- m00dy 5y ago
  +1 nice correction.
- tim333 5y ago
  Correction: Anyone running a large business using bitcoin for illegal stuff that isn't based some place like Russia is likely to be caught at this point.
jcampbell1 5y ago
Even the 1Feex wallet that has the stolen Mt. Gox funds (now worth $5B) hasn't been touched. Bitcoin has been radioactive for illegal stuff for a while.
- spottybanana 5y ago
  Or the owner might just have died or might be in prison. I'm pretty sure that the reason for not moving those coins is because BTC is radioactive. It might be partly a reason, but surely not the only reason. If you really needed the money you could try several methods to launder them.
  - smeej 5y ago
    You could try, but miners aren't going to include a transaction from that address in a block, especially not to some sort of mixing service. It takes something pretty extreme to get the consensus of enough miners to matter, but the hack of Mt. Gox was that extreme.
    - FDSGSG 5y ago
      This is not true.
      - smeej 5y ago
        We'll probably never find out, but there are plenty of blacklisted addresses miners won't touch. Ignorance of this is revealing.
        mxd3 5y ago
        What miners are blacklisting addresses? $623m in hacked Bitfinex funds were moved today without issue.[1] [1] https://www.coindesk.com/623m-in-bitcoin-from-2016-bitfinex-hack-moved-under-cover-of-coin-hype https://www.coindesk.com/623m-in-bitcoin-from-2016-bitfinex-...
        FDSGSG 5y ago
        I am deeply familiar with these systems. Maybe there are miners out there doing this, but it's not widespread enough to have any impact.
        ric2b 5y ago
        Transactions are broadcasted well before they are included in a block, so we'd know immediately if it happened.
FDSGSG 5y ago
>All of the DNMs have switched to Monero already. This is bullshit. WHM switched to Monero, not "all of the DNMs"
- astrostl 5y ago
  Had to Google DNM == Dark Net Market WHM == White House Market, a large DNM

by zelly 5y ago

It's not. All of the DNMs have switched to Monero already. Ransomware is also changing to Monero. Anyone using Bitcoin for illegal stuff at this point will be caught.

deleted 5y ago

[deleted]

birdyrooster 5y ago

Correction: Anyone running a large business using bitcoin for illegal stuff is likely to be caught at this point.

m00dy 5y ago
+1 nice correction.
tim333 5y ago
Correction: Anyone running a large business using bitcoin for illegal stuff that isn't based some place like Russia is likely to be caught at this point.

jcampbell1 5y ago

Even the 1Feex wallet that has the stolen Mt. Gox funds (now worth $5B) hasn't been touched. Bitcoin has been radioactive for illegal stuff for a while.

spottybanana 5y ago
Or the owner might just have died or might be in prison. I'm pretty sure that the reason for not moving those coins is because BTC is radioactive. It might be partly a reason, but surely not the only reason. If you really needed the money you could try several methods to launder them.
- smeej 5y ago
  You could try, but miners aren't going to include a transaction from that address in a block, especially not to some sort of mixing service. It takes something pretty extreme to get the consensus of enough miners to matter, but the hack of Mt. Gox was that extreme.
  - FDSGSG 5y ago
    This is not true.
    - smeej 5y ago
      We'll probably never find out, but there are plenty of blacklisted addresses miners won't touch. Ignorance of this is revealing.
      - mxd3 5y ago
        What miners are blacklisting addresses? $623m in hacked Bitfinex funds were moved today without issue.[1] [1] https://www.coindesk.com/623m-in-bitcoin-from-2016-bitfinex-hack-moved-under-cover-of-coin-hype https://www.coindesk.com/623m-in-bitcoin-from-2016-bitfinex-...
      - FDSGSG 5y ago
        I am deeply familiar with these systems. Maybe there are miners out there doing this, but it's not widespread enough to have any impact.
      - ric2b 5y ago
        Transactions are broadcasted well before they are included in a block, so we'd know immediately if it happened.

FDSGSG 5y ago

>All of the DNMs have switched to Monero already. This is bullshit. WHM switched to Monero, not "all of the DNMs"

astrostl 5y ago
Had to Google DNM == Dark Net Market WHM == White House Market, a large DNM