Ever wondered how Bitcoin mixers work?urbanoid (42)in #bitcoin • 7 years ago https://qz.com/1028936/watch-these-bitcoin-ransom-payments-get-lost-in-the-expanse-of-the-blockchain/ #mixer #money #laundering #ransomware
I didn't even know money laundering bitcoin mixers existed!
Being able to use cryptocurrency to do shady business is of course a negative aspect of the blockchain. And I cannot see how to fight it.
I always try to think of all the positive aspects of the blockchain to counter the negative arguments.
Freedom, a higher degree of equality, security and effectiveness is among the positives that in my opinion far outweights the negatives.
@ronni
Holy sh*t. Yes, this is complex. Money laundry at scale.
These are just addresses on the Bitcoin network. So every thing for free.
Would be great to know how much is spent on fees. 😊