How do you figure? I think the general wisdom among people who have a deep understanding of block-chains is that it is about the worst way you could possibly try to launder money. Every transaction you make is forever immortalized in a publicly accessible record book. Not to mention that there is strong KYC at the entry exit points between cash and crypto currencies.
You make/invest heavily into an ICO, send your CP/ordered hit/fentanyl proceeds into it, and then sell your ICO tokens for ETH.
Most ICOs don't do KYC; if they're asking for crypto-based investments they likely aren't asking for conventional investors and aren't vetting the speculators who only want to know how long they have to hold the token before dumping on the market
A few maybe. It's definitely the reason we (Pink) went ICO for funding, to be able to raise money because real-world contacts didn't like the potential link to funding our venture.
I read your site last night and was intrigued by the bold use of traditional finance language to describe your ICO. "Token-shares", dividends, etc. You're not worried about US securities law?
Do you have any stats on the percentage of traditional financial crimes that go unsolved vs the percentage of crypto-currency crimes that go unsolved? You would have a hard time finding a major crypto-currency heist, dark market, or rogue exchange that hasn't been tracked down and shut down.
Only one of those three is private by default. If it isnt private by default, calling it a privacy coin or saying it offers 'complete privacy' is farcical. Monero is the only way to go at the moment.
Even Monero isn't completely private. If you use an exchange to get in an out of Monero, they can probably link your transactions given an approximate timeframe.
Until we have serious ringsizes this will remain an issue.
I bought a small and equal amount of ZCash and Monero, so I don't really have a horse in this race, but what's your objection to having optional in the clear transactions? It just sounds like the flimsy Monero shilling that predictably pops up on any public forum when privacy coins are mentioned.
How do you mean impractical? I've done 100k+ trades just fine. For bigger sums you'll usually have the exchanger fly one of their reps over from another country.
I would consider LBTC rather impractical for smaller trades though.
What security precautions did you have to handle such a large amounts of cash? Did you have problem with law enforcement? I heard they really like to seize this piles of cash.
