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Using a bitcoin mixer is money laundering in the same sense that turning off the public feed on Venmo is money laundering. Yes, it potentially makes it harder
by TheCoelacanth 3y ago
Using a bitcoin mixer is money laundering in the same sense that turning off the public feed on Venmo is money laundering.
Yes, it potentially makes it harder for the authorities to track your activity, but it's also the only way to stop any random person in the entire world from seeing your transaction. Privacy is not inherently money laundering.
- EthanHeilman 3y agoI agree that privacy is not inherently money laundering deep in my bones. I spent three years of my life attempting to improve Bitcoin mixers. The issue is that if you run a mixer and someone says "please launder my drug money" you reject that person's coins unless you like Federal prison. It is like if you run a gun store and someone comes in and asks for a gun "to rob a bank", that person is a Federal agent and if you sell them a gun an indictment is forthcoming. People are doing life sentences for giving their friend a ride when their "friend" decided to hold up a liquor store.
- carlmr 3y agoSo hypothetically, if they ask you with a checkbox whether your funds are legitimate, and only process transactions that say they are, would that absolve them of liability? I can't imagine anybody reads private messages on such a service or could be expected to, with any significant volume.