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And so what are we going to do as a society with these stolen funds? Playing a wallet mixing tracking game is a rat race and a waste of energy, otherwise we nee
by loceng 5y ago
And so what are we going to do as a society with these stolen funds? Playing a wallet mixing tracking game is a rat race and a waste of energy, otherwise we need a centralized system [on an immutable blockchain] to keep track of stolen funds, to then cross-reference every transaction with at point of sale/transfer - to then prevent it, no?
If not a centralized solution like above then what? We just allow stolen funds to be used now or any point in the future, rewarding criminal behaviour?
- roywiggins 5y agoThere's no centralized system to track stolen dollars (at least not in the sense you're talking about), so I don't know why crypto would necessarily need one.
- capableweb 5y agoDoesn't the USD have a unique serial number associated with each bill? I'm sure when banks make in-transport transfers between entities, they know exactly which series they are transporting, and if a robbery happen, they share those series that got stolen with the police. If the police makes some unrelated arrest and find a bunch of bills, they can probably trivially look up if that money have been involved in anything before that.
- AlexandrB 5y agoDoesn't some federal law enforcement agency track serial numbers of stolen cash? Or have I been watching too many crime dramas?
- lottin 5y agoLook up "anti-money laundering".