7 ms·
I think "very easy" is relative. How do you get the whole world to agree to participate in the blacklist (or even to be aware of it)? If you don't, then obvious
by nwiswell 5y ago
I think "very easy" is relative. How do you get the whole world to agree to participate in the blacklist (or even to be aware of it)? If you don't, then obviously it will remain possible to tumble/launder the coins.
By comparison, if PayPal decides to freeze your account, that's it, the end, those funds are frozen unless and until you successfully run the corporate supplication gauntlet.
- easrng 5y agoYou don't need the whole world, just the exchanges. And and some ERC20 tokens can have addresses frozen by a central authority (ex. USDC and Circle, USDT and Tether, etc) which is why the attacker immediately sold the USDC for ETH on 1inch and Uniswap.
- nwiswell 5y ago> You don't need the whole world, just the exchanges. Then you just tumble the coins and head to an exchange.
- netheril96 5y ago> You don't need the whole world, just the exchanges. But there are a whole world of exchanges. Anyone can make an exchange. Any one can also trade in person.
- dorgo 5y agoI think what gp means is to tell all the exchanges (and maybe merchants) to blacklist your wallet. Not as simple and bullet proof as PayPal freezing your account but similar.