3 ms·
Make it illegal to create a new wallet without central authority approval and illegal to tumble coins. Closed those "loopholes" that "only criminals use" and t
by msandford 12y ago
Make it illegal to create a new wallet without central authority approval and illegal to tumble coins. Closed those "loopholes" that "only criminals use" and the majority of people who know nothing about how bitcoin works would agree that it's not bad to do that.
Once nobody can tumble legitimately then quite literally only the criminals will tumble and there you go.
- Karunamon 12y agoNow, as this central authority, invent a way to distinguish between "tumbling" and normal transactional flow. Really, you can dictate whatever you want as this central authority, but enforcing it is a whole different matter.
- quanticle 12y agoCentral authorities already distinguish cash transactions with illegitimate intent (e.g. for smuggling or money laundering) and legitimate cash transactions. It's not a big stretch to think of tumbling being treated as a form of money laundering, where the nature of the transaction may be wholly legitimate, but the criminality is based on the intent of the transaction.
- dllthomas 12y ago"If it's going to a registered account, it's normal transaction flow. If it's going to an unregistered account, it's illegal. If any funds are received from an unregistered account, they must be sent to an address provided by the central authority, or it's illegal. Registered accounts are signed periodically by the central authority and certificates can be verified automatically at transaction time."