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how does that work? genuinely curious. so sure, its a fake investment where you can hide money from the irs..but if actually does turn out that no one wants to
by convolvatron 5y ago
how does that work? genuinely curious. so sure, its a fake investment where you can hide money from the irs..but if actually does turn out that no one wants to 'buy' your number for 5m what have you gained?
- deleted 5y ago[deleted]
- d_watt 5y agoI think the idea is that someone buys the "number" with 5m to turn it from dirty to clean. The person with 5m can just point to the purchase as the source of funds, and they don't have to account for where the money came before that. So you have 5m in dirty money under a mattress. You buy crypto with it. Put up a 5m NFT, buy it with the "dirty" crypto, then cash out the crypto into a bank, and no one can prove you were the original owner of the crypto, so it's all clean.