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by slver 1845 days ago
Asking for ransom and getting the payment are, yes, 100%, absolutely, no ifs, no buts, no exceptions: risk-free. Zero risk.

So it will happen with increasing frequency, thanks to cryptocurrency.

What you're talking about, actually laundering the coin so it's usable, is a problem. But it's a problem that comes AFTER. And you probably realize criminals don't just sit idle, until they can plan out their crime 50 years ahead to perfect detail.

Also you can do all the forensics you want, if that coin ends up scattered around the world in tiny bits, what are you going to do, jail everyone?

What if I hate person X, and send him some of my publicly dirty Bitcoin, $1 million worth? I can put him in jail then.

What if person Y wants to put person X in jail? So person Y buys my painting for $1M cash. And I send $1M dirty Bitcoin to the target and put him in jail. I just laundered $1M in a completely untraceable way. "Fuck your blockchain forensics" is what criminals have to say about all this.

You have no idea how infinite the ways to use and launder that money is, ONCE you have it. And to have it, again... is RISK-FREE.