Post
Topic
Board Service Discussion
Re: [Blacklist] of unreliable, 'taint proclaiming' Bitcoin services / exchanges
by
n0nce
on 11/06/2022, 16:54:22 UTC
This blacklist is very commendable.
Feel free to add any similar experiences you've had (maybe with funds coming from poker sites - as your name suggests) and I can add them to the OP! I know some exchanges and other services complain about funds from gambling sites, but don't know exactly which ones, so any feedback in this direction from a long-time forum member would definitely be appreciated.

Does anyone believe that over the years these companies will change their behavior? Because what I see is that the list of companies will get bigger and bigger. There will be more control, less privacy, more KYC/AML and more blacklist of supposedly tainted coins.
I personally don't think so (short-term), however if services realize that large amounts of users stop trusting them with their coins if they show such (unreliable / untrustworthy) behavior, they might stop considering going more strict with KYC/AML and blacklisting / 'taint definitions'. Long-term it might convince companies who already went 'down' the 'taint route' to do a U-turn; it's much harder to do though, since you'll have to somehow explain how you suddenly accept 'dirty criminal coins'.

I already expressed a similar, rather pessimistic opinion in my thread: Goodbye, privacy, goodbye, it was nice while it lasted.
Convince me otherwise, please.
It's a good thread; however as pointed out there, we still have alternatives, some of which are P2P and / or fully decentralized. I strongly believe can educate people that they should stop conforming with outrageous, unreasonable rules that e.g. exchanges put in place and stop doing business with them. If enough people understand this (which is a pretty reasonable / logical thing - since good alternatives do exist), the centralized services will be forced to back-pedal if they don't want to go out of business.