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I'm curious how you launder money in bitcoin. If you know that some btc was used for a "criminal" exchange, then you can track all the Satoshis through all thei
by zanny 12y ago
I'm curious how you launder money in bitcoin. If you know that some btc was used for a "criminal" exchange, then you can track all the Satoshis through all their recipients. You can just blacklist the money in your country and any retailer using your blacklists would not accept it.
- cpach 12y agoOne example how it can be done: https://news.ycombinator.com/item?id=8130592 https://news.ycombinator.com/item?id=8130592
- zanny 12y agoI mean in a bitcoin economy. The only reason that example works is because the input fiat does not have the transparency of a blockchain behind it. If you were end to end using bitcoin, ie, drug dealer gets paid in bitcoin, then if you know its drug money you can blacklist it forever because its always traceable.
- cpach 12y agoThere are ways around that: https://en.bitcoin.it/wiki/Mixing_service https://en.bitcoin.it/wiki/Mixing_service