131 sats \ 7 replies \ @TheWildHustle 2 May \ parent \ on: Wasabi Wallet is shutting down its coinjoin coordination service bitcoin
Money laundering is a process through which individuals or organizations attempt to conceal the origins of illegally obtained money, typically by transferring it through a complex sequence of banking transactions or commercial activities. It is done to make the money appear as if it was derived from a legitimate source.
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30 sats \ 5 replies \ @DarthCoin 2 May
Bitcoin is not money if is not dark money
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111 sats \ 4 replies \ @anon 2 May
It's harmful to all of us to spread the myth that Bitcoin is inherently money laundering.
The point is money laundering is to take money from an illegitimate source and make it look like it come from something legitimate. Bitcoin does not do that any more than taking cash out of an ATM would. Cash is just cash, with no source information at all. Lightning Bitcoin is just Lightning Bitcoin, with no source information at all.
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45 sats \ 3 replies \ @DarthCoin 2 May
"money laundering" is just a bullshit term invented by dumb ass govs.
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10 sats \ 0 replies \ @TheWildHustle 2 May
And they pick and choose when to apply it, based on if they like you or not.
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10 sats \ 1 reply \ @anon 2 May
That's nice. But it's a bullshit definition that exists. We should not spread the myth that things fit that definition when they definitely do not.
I'm sure spooks are happy for all kinds of things to be called money laundering when they really aren't.
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0 sats \ 0 replies \ @TheWildHustle 2 May
The state is starting to flail like a baby upset about a lollipop.
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10 sats \ 0 replies \ @031ef7d322 3 May
Thank you Office Space
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