5 ms·

Now you've just raised the barrier to entry even higher for normal people, and lowered the barrier to entry even lower for cybercriminals with crypto that they

by gpm 5y ago

Now you've just raised the barrier to entry even higher for normal people, and lowered the barrier to entry even lower for cybercriminals with crypto that they would need to launder if they were going to attach it to an actual identity. I doubt this is a win.

heavyset_go 5y ago
It's important to recognize that there's a glut of cryptocurrency collected from illegal transactions, and that money needs to be laundered if the holders want to liquidate it. It would be dumb to go to exchanges, so they need to rely on shady groups to cash out, ensuring that there's a lot of cryptocurrency in the hands of questionable people or organizations.
klabb3 5y ago
> Now you've just raised the barrier to entry even higher for normal people How so?
- gpm 5y ago
  They have to figure out how to use a new (to them) payment system...
  - klabb3 5y ago
    Oh, I misread as the barrier of entry to crypto. My bad. On topic, you could just have multiple payment methods side by side.