[mc32]

Pyramid scheme or Money Laundering instrument?

In any event I can’t see authorities keeping a blind eye on this.

[mysterydip]

That was my thought on it. What easier way to launder money than with virtual items of arbitrary value? "Man pays thousands for bicycle tire" would raise many eyebrows. "Man pays thousands for NFT picture of bicycle tire" just makes people laugh and shake their heads.

[hprotagonist]

https://www.reddit.com/r/changemyview/comments/7y3cdi/cmv_mo...

why bother with involving a computer and a hard to modify paper trail?

[orwin]

Its easier, and you can lauder the money across millions of NFTs.

[bradleyjg]

It takes authorities a long time to catch up. We still have ransomware attacks despite authorities having all the tools necessary to shut off the payment channels.

[curation]

They keep a blind eye on superyachts.