4 ms·

How do you launder bitcoins?

• discountgenius 14y ago
  One method involves running a mining pool where you pay little bits of the "dirty" coins to hundreds of different miners and keep their "clean," freshly-minted coins for yourself. It's a relatively new protocol. There may be laundering methods that nobody's thought of yet.
  • nancyhua 14y ago
    People don't trace the dirty bits to the miners?
• hippich 14y ago
  most obvious - transfer 'em to any mtgox-like account and withdraw a day later.
  • nancyhua 14y ago
    Withdrawal is anonymous?
    • hippich 14y ago
      I can't say how it is now, since I did not use it for a while, but it used to be anonymous funding and anounymous withdrawals within daily limits.