4 ms·
Is it fine with money? A ransomware operator could send the loot from an operation, channelled through a well publicized address, to someone they don't like wh
by meltedcapacitor 5y ago
Is it fine with money?
A ransomware operator could send the loot from an operation, channelled through a well publicized address, to someone they don't like which makes their account undistinguishable from that of a fence as seen by blockchain analytics firms maintaining the blacklists of addresses legit players do not task to. Or they could blackmail someone by threatening to burn their account by sending tainted funds.
Politicians could be sent unwanted donations to dirty their reputation by making it looked they're supported by the wrong people.
...
- jeroenhd 5y agoYou can already do that though the regular old banking system, no difference there. Banks monitor and take action when they detect money laundering systems in their transfers, and they use graph analysis that's not dissimilar from the analysis law enforcement uses for tracking anonymous wallets. The mixers in the cryptocurrency world exist as school kids acting as fencers in the real world. A crime ring could definitely "taint" a politician's bank account if they wish to do so, but the manual oversight of the banking system probably wouldn't flag them. It's not that this isn't a problem with cryptocurrencies, it's just that it's a problem that already exists in the real world.
- meltedcapacitor 5y agoSure. The difference is it's harder to manage in crypto (by design).