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by deutschewelle 1570 days ago
I feel like your comment is unjustified and incoherent. It is obvious to many of us what "fraudulent" mean here, it could be an array of:

- previously flagged wallets moving through mixers

- purchases and refunds to facilitate money laundering

- converting to and from steam wallet to crypto etc.

It is NOT at all ambiguous which is what you are insinuating as the basis for not reading past the headline and discouraging others from doing so.

Bitcoin is a public ledger where all transactions are PERMANENTLY recorded. The law enforcement agencies have much better deobfuscation tools than 10 years ago and the tools will just continue to improve as they have INFINITE resources.

> But if a criminal has access to someone else’s Bitcoin, it’s already “cashed out”.

You are describing one type of crime that has existed far long before crypto as basis to discredit Gabe's claims and its an unconvincing argument/poorly baked logic that they tell in maximalist echo chambers.

Rather I ask, what is it that you fear so much whenever criticisms are raised? Did you transfer your savings to purchase jpegs and other insane APY that seasoned hedge fund managers can't produce?

2 comments

There's the old anecdote about 20% of dollar bills having been used to snort cocaine at some point in the past. Who knows if it's true, but it seems plausible. Would it make sense for a merchant to say "we tested bills and found that 20% of dollar transactions were drug-related"?
>It is obvious to many of us what "fraudulent" mean here, it could be an array of:

>- previously flagged wallets moving through mixers

So if someone robbed a bank, used that money to buy drugs, that money ended up in my hands somehow (eg. I bought from the same drug dealer), and I used that to buy a big mac, my big mac purchase is "fraudulent" as well?

>- purchases and refunds to facilitate money laundering

How does that even work? You can only refund to the same person. It's not like you can buy a game, gift it to someone, and have that person "refund" the game to cash out

>- converting to and from steam wallet to crypto etc.

There isn't an official way to convert steam wallet to crypto

>It is NOT at all ambiguous which is what you are insinuating as the basis for not reading past the headline and discouraging others from doing so.

1. You say it's "NOT at all ambiguous" but you yourself listed 3 very different possible reasons. That sounds pretty ambiguous to me.

2. I skimmed the article and there isn't really much in the body either.

The crux of your argument appears to be that Gabe is lying and not to be trusted :D
>that Gabe is lying

Quit putting words in my mouth. I made no such claim.

>and not to be trusted :D

Yes, if by "not to be trusted" you mean "not to be taken at face value".