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In this day and age "money laundering" just means "not bending over and letting the state tax you to oblivion". TFA is just scare mongering. People need to lea
by photios 5mo ago
In this day and age "money laundering" just means "not bending over and letting the state tax you to oblivion". TFA is just scare mongering.
People need to learn about Bitcoin.
- cyberax 5mo ago> People need to learn about Bitcoin. Indeed. Bitcoin is now a major player in the money laundering business. NFTs are so much better than fake pocelain!
- photios 5mo ago> I can invalidate Bitcoin, by comparing it to NFTs. I'm sorry, that's not how it works.
- MDCore 5mo agoIt's not so much invalidating Bitcoin - Bitcoin is valid and effective. Unfortunately what it is extremely effective for is money laundering and tax evasion (which was what your original comment seemed to advocate for.)
- cyberax 5mo agoYes, it does. You just make a round-trip through one of the exchanges.
- nout 5mo agoThat's not true. Most money laundering is in USD and then stablecoins (USDT, etc). NFTs are a thing of the past and the big majority was not on bitcoin anyway. So no, bitcoin is not a major player. If you would completely eradicate bitcoin (which is not possible), you would solve (I'm guesstimating) 0.3% of money laundering.
- Cider9986 5mo agoYou might want to check out Monero. It's like Bitcoin but actually usable for purchases. And it's private.
- matheusmoreira 5mo agoAgreed. Monero is what Bitcoin should have been from the start. Extremely underrated cryptocurrency.