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That Bitcoin becomes un-resellable as it has gone through un-sanctioned addresses.
by Nursie 3y ago
That Bitcoin becomes un-resellable as it has gone through un-sanctioned addresses.
- genge 3y agoHow exactly would it become un-ressellable. Agreed, you would have to remain in the black market, but you cannot censor a transaction.
- roenxi 3y agoNo argument there; but if you're interested the tech does exist to solve that problem. https://www.getmonero.org/ https://www.getmonero.org/ . It is obfuscated to the point where transactions and ownership can't be tracked.
- JustinGoldberg9 3y agoThere will always be other exchanges or micro exchanges or something like lightning stores which will accept the tainted Bitcoin.
- deleted 3y ago[deleted]
- deleted 3y ago[deleted]
- max51 3y agotrying to ban adresses like this would never work because you don't have to ask permission to the recipient when you send them crypto. Every single large entity (eg. exchanges, companies, etc.) would end up with tainted bitcoins. The only way would be to have all the mining pool onboard to ban them from the chain itself but good fucking luck convincing them, the entire point of bitcoin in the first place was to prevent this type of interventions. Laundering crypto is extremely easy and cheap. You trade it on a crypto-only exchange (no KYC there) and trade it back. You can go further by doing both trades on different platform and using Monero. Now your dirty BTC belong to the exchange and will get spread out to everyone.