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by photios 10 days ago
In this day and age "money laundering" just means "not bending over and letting the state tax you to oblivion". TFA is just scare mongering.

People need to learn about Bitcoin.

2 comments

You might want to check out Monero. It's like Bitcoin but actually usable for purchases. And it's private.
Agreed. Monero is what Bitcoin should have been from the start. Extremely underrated cryptocurrency.
> People need to learn about Bitcoin.

Indeed. Bitcoin is now a major player in the money laundering business. NFTs are so much better than fake pocelain!

That's not true. Most money laundering is in USD and then stablecoins (USDT, etc). NFTs are a thing of the past and the big majority was not on bitcoin anyway. So no, bitcoin is not a major player. If you would completely eradicate bitcoin (which is not possible), you would solve (I'm guesstimating) 0.3% of money laundering.
> I can invalidate Bitcoin, by comparing it to NFTs.

I'm sorry, that's not how it works.

It's not so much invalidating Bitcoin - Bitcoin is valid and effective. Unfortunately what it is extremely effective for is money laundering and tax evasion (which was what your original comment seemed to advocate for.)
Yes, it does. You just make a round-trip through one of the exchanges.