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One thing that someone noted is that for a seller of illicit goods, bitcoin is better than paper in that with dollar bills you have to physically pick them up a
by rtpg 13y ago
One thing that someone noted is that for a seller of illicit goods, bitcoin is better than paper in that with dollar bills you have to physically pick them up at one point.
With bitcoin, sure you can trace coins, but laundering services (namely things like exchanges) can make you disappear a bit quicker.
Overall, though, bitcoin is the IRS' dream.
- samstave 13y agoI love the idea that bitcoin is the beta test for a global cryptocurrency to replace all money in the future and it is created by the government to test this form of currency. They will regulate all transactions/exchanges and will be able to trace the life of every coin.
- mzs 13y agoAlternatively a seller gets paid in something else relatively valuable that they sell or trade later such as liquid laundry detergent.