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A comment on A16Z is re-registering as a financial advisor, renouncing its status as a VC. Parent comment

Re:A16Z is re-registering as a financial advisor, renouncing... by elliekelly on Wednesday April 03, 2019 @12:16AM (#19560679)
When it comes to laundering money and ponzi scheming cryptocurrency is second to none in terms of cost, risk & speed.

Edit: Strugglinng to type on my phone.

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Re:A16Z is re-registering as a financial advisor, renouncing... by QuackingJimbo on Wednesday April 03, 2019 @12:21AM (#19560706)
You got me there. I am in the 99th percentile of crypto bears but I myself have used Bitcoin very effectively to buy illegal drugs, buy illegal steroids, and bet on sports illegally. Bitcoin is truly second to none in these domains.
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Re:A16Z is re-registering as a financial advisor, renouncing... by 3mtj20 on Wednesday April 03, 2019 @12:31AM (#19560754)
If you're doing those things because you think your transactions are anonymous...you're putting yourself at risk. Bitcoin is not private, like at all.
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Re:A16Z is re-registering as a financial advisor, renouncing... by seibelj on Wednesday April 03, 2019 @12:38AM (#19560790)
You are 100% wrong! Traditional banks have order of magnitude more fraud than crypto, and the nature of blockchain makes it extremely easy for analysts to trace money laundering with little effort. Google “chainalysis”
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