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A comment on Silk Road Bitcoins worth $1B transferred after seven years. Parent comment

Re:Silk Road Bitcoins worth $1B transferred after seven years by unnouinceput on Wednesday November 04, 2020 @02:36PM (#24992296)
Prepare crapload of wallets on different exchanges for monero cryptocurrency. Prepare same amount of crapload of wallets for bitcoin as well. Split this new wallet into those bitcoins wallets. Use them to exchange to monero on your most convenient exchanges - preferably outside US so coindesk/Coinbase is out of question here. Use monero mules to mix them with other cryptocurrencies - this is the point where you lose your FBI/NSA tail. Get them out on crapload of hard currency bank around the world. By the time somebody will finish tracking to a single person a century would've passed and you're dead. End of game.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by marcosdumay on Wednesday November 04, 2020 @03:27PM (#24992741)
One needs to track only one such conversions, and investigate each involved party.

There is a limit here, because there are not that many cryptocurrency transactions. So each transaction chain must be small, or the number of chains must be small. Anyway, the restrictions on international investigations are probably a much larger issue than any splitting and washing that one can effectively do.

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Re:Silk Road Bitcoins worth $1B transferred after seven years by bowmessage on Wednesday November 04, 2020 @03:49PM (#24992900)
> monero
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Re:Silk Road Bitcoins worth $1B transferred after seven years by gruez on Wednesday November 04, 2020 @02:50PM (#24992423)
>so coindesk/Coinbase is out of question here

coindesk is a blog, not an exchange.

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Re:Silk Road Bitcoins worth $1B transferred after seven years by agilob on Wednesday November 04, 2020 @03:49PM (#24992904)
Yes, he said it's out of question :D
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Re:Silk Road Bitcoins worth $1B transferred after seven years by bawolff on Wednesday November 04, 2020 @05:38PM (#24993785)
Lol, this is one of the funniest "technically the truth" posts i've seen in a while.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by zucker42 on Wednesday November 04, 2020 @10:50PM (#24995496)
One potential problem is that $1B is so huge that you'd have to do this slowly to avoid a major crash.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by buryat on Wednesday November 04, 2020 @03:07PM (#24992566)
every exchange is going to ask verification if you want to deal with more than $1k
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Re:Silk Road Bitcoins worth $1B transferred after seven years by lawn on Wednesday November 04, 2020 @03:36PM (#24992815)
There are a bunch of shady exchanges that don't.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by TedDoesntTalk on Wednesday November 04, 2020 @03:56PM (#24992973)
Can you name any? I’ve seen this claim repeatedly but never been able to find one myself.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by dyingkneepad on Wednesday November 04, 2020 @04:29PM (#24993241)
The ones secretly controlled by the FBI.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by edm0nd on Thursday November 05, 2020 @01:30PM (#25000624)
https://kycnot.me
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Re:Silk Road Bitcoins worth $1B transferred after seven years by zucker42 on Wednesday November 04, 2020 @10:50PM (#24995498)
Nice try FBI.
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Re:Silk Road Bitcoins worth $1B transferred after seven years by hndamien on Wednesday November 04, 2020 @05:41PM (#24993802)
Bisq
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Re:Silk Road Bitcoins worth $1B transferred after seven years by edm0nd on Thursday November 05, 2020 @01:30PM (#25000621)
No, they wont.

https://kycnot.me

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Re:Silk Road Bitcoins worth $1B transferred after seven years by asdff on Wednesday November 04, 2020 @07:36PM (#24994579)
So parallelize your scripts and create 1 million accounts across many platforms.
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