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If you try to put money into Paypal you'll likely create some link with a verified source (credit card, bank account). So if some investigation were to happen P
by rtpg 13y ago
If you try to put money into Paypal you'll likely create some link with a verified source (credit card, bank account). So if some investigation were to happen Paypal at least has some hints as to your real identity.
With coinbase people could put in their (mined) bitcoins, and then sell them. In that case Coinbase has effectively no way of figuring out who you are.
- stingraycharles 13y agoWhat happens with the money after you sell them? That has to go somewhere, and couldn't that create the "link" required?
- rtpg 13y agoYeah I thought of that, I think banks/money handling services have responsibilities before the actual pulling out though (probably like how pawn shops can't accept goods without ID).