3 ms·
I admit that this is speculation because I don't have the free time or desire to do some sort of deep dive, but the NFT market absolutely reeks of money launder
by selectodude 4y ago
I admit that this is speculation because I don't have the free time or desire to do some sort of deep dive, but the NFT market absolutely reeks of money laundering. Point being - why bother going through all that effort to actually mine stuff when you can just buy and sell NFTs a few times to clean money.
- soco 4y agoBut can you actually clean real money with NFTs? I assume no bank will accept your answer "I just exchanged my stock of coins"...
- maerF0x0 4y ago> through all that effort to actually mine stuff when you can just buy and sell NFTs Because buy and sell NFTs leaves a ledger trail that can lead you to your cash onramp being illegitimate money. Whereas minted money is legitimate by default (and has no ledger history). I suppose the IRS could ask "where'd the money to buy 1000 GPUs come from" though? IDK, I'm not smart enough to be a criminal :lol: