-snip-
Thank you for this nicely explained post.
Monero has the solution for this? If yes, it probably will rise fast and become a serious contender.
Alts are not my strong suit, sorry, but there are probably many alts that focus on anonymous transactions.
User A -> illegal drug money -> tumbler
User B -> illegal Ponzi money -> tumbler
User C -> terrorist financing -> tumbler
Tumble - Tumble - Tumble
Tumbler -> User A = illegal Ponzi money and terrorist financing
Tumbler -> User B = illegal drug money and terrorist financing
Tumbler -> User C = illegal drug money and illegal Ponzi money
User A, B, C -> Coinbase
Coinbase = Sorry we've confiscated your bitcoins because they were blacklisted.
LOL
Quote from Bitmixer:
I'm not a criminal. Why should I mix my coins?
Virtual currency is part of the here and now, but with it comes the need to guard your wallet. BitMixers high volume bitcoin mixer keeps your identity safe by offering premium mixing service with the ability to handle even the largest bitcoin transactions.
anyone normal wants to stay anonymous
Coinbase does not care, AFAIK they actually do this or at least have done so at least once in the past.