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If individual A steals artwork, sells it to individual B, and then uses the cash to buy a car from individual C, and individual C uses the cash to buy a house,
by AJ007 13y ago
If individual A steals artwork, sells it to individual B, and then uses the cash to buy a car from individual C, and individual C uses the cash to buy a house, is the only person who loses anything individual B? (Assuming individual C didn't break any money laundering regulations)
If the stolen property is BTC rather than art, there would be no reason you couldn't follow a perpetual chain of transactions after it.
Curiously, that could be viewed as a very big strength for BTC rather than a weakness. I think a lot of trouble is saved by calling BTC a programmable currency rather than an anonymous one.
- andrewfong 13y agoYes, Individual B is probably the only one hosed in that scenario.