4 ms·

Always good to have a post with someone explaining to engage in illegal money laundering and thus indirectly explain the NFT, ICO, and 1/4 of the altcoin ecosys

by nullc 4y ago

Always good to have a post with someone explaining to engage in illegal money laundering and thus indirectly explain the NFT, ICO, and 1/4 of the altcoin ecosystem.

yieldcrv 4y ago
thanks for your contributions to the space the capital will not be controlled and the government will have to find new tools to “promote a change of behavior” as they delightfully put it anyway, I’m all for walking away from the dirty funds that are stuck with the illiquid token, but even bigger fun to be had if the other 75% of the market buys into your token just because the price rallies so hard, then your tornado cash funded addresses can cash out again and be ready for the next play. Or even better, the token gets so popular that the token and/or liquidity pool shares can be staked in another legit protocol to borrow against or earn passive income. Capital games, capital gains. Like most patient or dead capital, you can still use it to validate ideas and causes you care about. “Wow the TVL is so large, now I need to use it too” for example. The idea of policing capital is gone, whether the documentary on this reality has come out or not.
- nullc 4y ago
  It's a thing, for sure, and something that a lot of people would like to hide. I don't understand why you sound so -- proud? about it. Even if we ignore that the laundering is only sometimes ethically neutral the people being scammed into buying the illiquid assets due to the deceptive cover are getting defrauded. This brings the whole ecosystem into ill-repute.
  - yieldcrv 4y ago
    it bothers me seeing the government get rugged by an amateur, when everyone else gets rugged in a very routine and unceremonious way funds accosted, dumped into Tornado cash, the end. thats the whole story. we don't know what happens on the other side, we don't know when funds are taken out to the other side. that should have been what happened in this case. Gary should have looked like a lucky crypto speculator that paid tax on a long term capital gain. There were hundreds of thousands (maybe) of people with that tax profile that year. Wow so early in Sol Shiba Inu NFTs such gains. The spice must flow. Would prefer the next person had the general knowledge.

by nullc 4y ago

Always good to have a post with someone explaining to engage in illegal money laundering and thus indirectly explain the NFT, ICO, and 1/4 of the altcoin ecosystem.

yieldcrv 4y ago

thanks for your contributions to the space the capital will not be controlled and the government will have to find new tools to “promote a change of behavior” as they delightfully put it anyway, I’m all for walking away from the dirty funds that are stuck with the illiquid token, but even bigger fun to be had if the other 75% of the market buys into your token just because the price rallies so hard, then your tornado cash funded addresses can cash out again and be ready for the next play. Or even better, the token gets so popular that the token and/or liquidity pool shares can be staked in another legit protocol to borrow against or earn passive income. Capital games, capital gains. Like most patient or dead capital, you can still use it to validate ideas and causes you care about. “Wow the TVL is so large, now I need to use it too” for example. The idea of policing capital is gone, whether the documentary on this reality has come out or not.

nullc 4y ago
It's a thing, for sure, and something that a lot of people would like to hide. I don't understand why you sound so -- proud? about it. Even if we ignore that the laundering is only sometimes ethically neutral the people being scammed into buying the illiquid assets due to the deceptive cover are getting defrauded. This brings the whole ecosystem into ill-repute.
- yieldcrv 4y ago
  it bothers me seeing the government get rugged by an amateur, when everyone else gets rugged in a very routine and unceremonious way funds accosted, dumped into Tornado cash, the end. thats the whole story. we don't know what happens on the other side, we don't know when funds are taken out to the other side. that should have been what happened in this case. Gary should have looked like a lucky crypto speculator that paid tax on a long term capital gain. There were hundreds of thousands (maybe) of people with that tax profile that year. Wow so early in Sol Shiba Inu NFTs such gains. The spice must flow. Would prefer the next person had the general knowledge.