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RE: Fungibility and Civil Asset Forfeiture
Can you replace bitcoin with USD and read it again? If this is a law I think it is infirm - because every single bank account out there could get into trouble same as XBT accounts.
I am not based out of US, but to me recent moves from the federal government against bitcoins seem immature and lacking real understanding. My apologies if that hurts any national sentiments!
Exactly, but BTC is supposedly the currency that is for wealth protection, which it turns out to not be if the fungibility problem is not addressed.
Although in the fiat economy it's different, criminals mostly deal in CASH, and probably 95% of bank transfers are legal.
In Bitcoin almost all Bitcoin are tainted to some degree, unless it's just newly mined and sitting in a miner's account.
So the fungibility problem has to be fixed.