Where is this "harder to track" coming from? The whole POINT of BTC is that its easy to track. That's the point of a distributed ledger. You can literally track where the currency has been right from it's creation up to the wallet its in now, and everything in-between. You can get your entire transaction history with a click of a button.Anon wrote: ↑ March 7th, 2024, 09:19Let's say you're a drug trafficker, and a guy bought your cocaine for 100 bucks.Red7 wrote: ↑ March 7th, 2024, 09:10in order to launder u must first get asset then inflate its price then pretend like u didnt rig it/or used it as bribe.Anon wrote: ↑ March 7th, 2024, 09:06
Normal laundering gets a cut between 25-50%, that's the kind of margin that justifies buying bitcoin instead despite its risks.
u can launder money with shitcoins that u made but thats retarded cause sec will be all over u and u need to hire some tech guys that can fuck u over.
u cant do it with btc as u dont control its market.
its much cheaper to hire 1 guy to buy your retarded art on auction for certain amount u gaved em
Nowadays you can convert these bucks as bitcoins easily, and your money will be harder to track than other more traditional laundering methods. Sure there are other shitcoins but no need for it as bitcoin is way less volatile and more liquid.
Laundering through traditional methods like selling art means you need intermediaries, which will charge their cut for laundering so you'll end up with like 70 bucks or less, plus it's riskier as it has more steps and the authorities can track fiat money more easily.
Of course it's not all this simple but it's known many organized crime groups are indeed using crypto to launder money.
Now compare that to cash or where governments routinely "lose" trillions of dollars.
With BTC you have to deliberately use obfuscation techniques like swappers, and even then that only obscures the "who", authorities can still track that shit.
It takes deliberate use of privacy coins like monero etc. to successfully "launder" it.
With BTC the history of where it's been can be proven beyond all doubt, that's the point, "don't trust, verify".