Post
Topic
Board Altcoin Discussion
Re: Spikes in Street Level Crypto Use
by
leea-1334
on 25/09/2019, 08:19:01 UTC
The article cites that a surge in low-level use cases: prostitution, drug sales, child pornography trades have all surged which was the inspiration for CipherTrace's Scout app. Apparently the app will flag bad addresses and ignore everyday users allowing users to know whether their token has a criminal past.

what are your thoughts on a mobile app that does this? Necessary?

Not necessary at all and extremely silly for most cases. If you flag 1 bad address and it deposits to an exchange, the coins all go everywhere. I bet I have 99% of all my coins coming from some bad address.

Would you accept your fiat salary if it was mixed with drugs and guns? Of course you would, right?