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by arcticbull 2123 days ago
Well if crypto isn't good for crime anymore, what all good is it? That's the one use case it had on real money.
2 comments

Attempting to obfuscate the origins and destinations of funds involved in criminal conspiracies by using cryptocurrencies is quite a terrible life choice.

Running a literal laundromat for purposes of laundering money is still a far more viable criminal enterprise than anything involving technology.

Can't extort business owners with ransomware running a laundromat!
"To regain access to your files, insert exactly 502,20 USD in laundromat 4 at the self-service laundry on the corner of 5th and Union."
It's a little on the nose, but I would absolutely watch a TV series based on this concept.
I suspect most of these ransomware operators have the support of some government which turns a blind eye in return for a cut. There's not much value in tracking the BTC payments back to the same damn Russian bank who never seems to have any "evidence of such activities".
Bitcoin is bad for crime. Monero on the other hand...