Become Estonia’s e-resident

Re:Become Estonia’s e-resident by zanny on Tuesday October 07, 2014 @12:38PM (#8422172)

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.

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Re:Become Estonia’s e-resident by cpach on Tuesday October 07, 2014 @01:07PM (#8422363)

One example how it can be done: https://news.ycombinator.com/item?id=8130592

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Re:Become Estonia’s e-resident by zanny on Tuesday October 07, 2014 @04:45PM (#8423914)

I 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.

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Re:Become Estonia’s e-resident by cpach on Tuesday October 07, 2014 @05:04PM (#8423998)

There are ways around that: https://en.bitcoin.it/wiki/Mixing_service

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