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No, this is one way of laundering money, but it is the same as cash. If Bitcoin doesn't exist, you don't think they can carry Euros over the border to China in
by noduerme 4y ago
No, this is one way of laundering money, but it is the same as cash. If Bitcoin doesn't exist, you don't think they can carry Euros over the border to China in a truck? Next day those get spent at some Louis Vuitton store in Paris. The Ruble they're paying the soldiers with isn't being propped up with Bitcoin.
- throwaway290 4y agoDid you just make an argument that crypto is useless, because we have cash? Realize that the very things crypto is "solving" compared to cash is exactly why it is so attractive to this kind of laundering: scale. You can run a business on cash. You can't launder millions in cash with elegant ease. You need to pay for figurative duffel bags, vehicles to transport them, countless drivers and handlers who tend to steal and leak information.