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mixers are currently a market for lemons. No one uses a mixer on clean crypto. Hasn't been a problem, but I guess the government could start banning exchanges f
by colinmhayes 4y ago
mixers are currently a market for lemons. No one uses a mixer on clean crypto. Hasn't been a problem, but I guess the government could start banning exchanges from accepting crypto that has ever been used at a mixer, although eventually won't it all pass through one?
- oldgradstudent 4y agoNo need to ban all mixers. Just blacklist any coin downstream of a blacklisted coin. If you intentionally involve yourself in money laundering, you can't really complain about your money being blacklisted. The ledger is public, which makes blacklisting trivial. No legal entity would be able to hold or trade blacklisted coins.
- colinmhayes 4y ago> Just blacklist any coin downstream of a blacklisted coin. What does this mean? If a single blacklisted coin is put in a mixer then every other coin mixed together is blacklisted? You've just banned mixers. Eventually every single coin will be able to be traced back to a blacklisted wallet, so you've also just effectively banned crypto in the long run. > No legal entity would be able to hold or trade blacklisted coins. Mixers don't have to be entities though. No one owns them, no one is responsible for them. They're just code someone uploaded one day and promptly forgot about.