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A comment on Largest Bitcoin mixer, Bitmixer.io, closes down. Parent comment

Re:Largest Bitcoin mixer, Bitmixer.io, closes down by MichaelGG on Monday July 24, 2017 @08:00PM (#14843866)
Money laundering is just a "make my life easier" card for prosecutors. By itself, it is not harmful at all. Maybe tax evasion is harmful, but don't conflate the two. It's disgusting that we've let people get away with promoting this idea of hiding your money, seeking privacy, is somehow wrong.

This was on HN a while ago: https://www.americanbanker.com/opinion/money-laundering-is-f...

As far as this being the "point" of cryptocurrency, it's rather silly to suggest the point is to massively increase traceability in transactions. Maybe that's just a limitation of Bitcoin.

[ Parent | on HN ]
Re:Largest Bitcoin mixer, Bitmixer.io, closes down by aphextron on Tuesday July 25, 2017 @05:50AM (#14846439)
>As far as this being the "point" of cryptocurrency, it's rather silly to suggest the point is to massively increase traceability in transactions. Maybe that's just a limitation of Bitcoin.

But isn't a verifiable ledger of public transactions a valuable thing in and of itself? I believe the original intent of Bitcoin was to also help facilitate things like land deed transfers. A blockchain could easily replace all the of the "legals" sections in newspapers.

[ Parent | on HN ]