Unfortunately, BestChange supports the anti-Bitcoin idea of "taint", and like most (or all) companies that do so, they don't state that on their website.
It was brought up here:
Don’t you think exchangers that do not follow AML should be excluded from your site? Or at least marked as untrustworthy.
Today
netex24 exchanger sent me tainted btc. And obviously service which i wanted to top up blocked my account.
I checked transaction via AML bot:
Risk Score: 50% Medium risk transaction
Medium risk
Exchange ML Risk Veryhigh - 100%My stance:
tainted btc
What's that? Are you saying Bitcoin isn't fungible?
Coin validation proposed to offer as a service to trace coins and try to give you a rating about how the history of the coin from your point of view and to offer that as a service to businesses. I think this could be quite dangerous because it goes back to that 17th century court case where now you could receive a coin that is perfectly valid at the time that you receive it, but a few weeks later a crime is uncovered and now your coin is tainted. So if this coin validation service is advicing many of the merchants where you would want to spend your coin at, it's tainted and now the merchant would refuse to accept your coin. That's a strange experience for you; you're holding a coin that you might have to sell at a discount to get rid of it. The aggregate effect of this might create a run on the bitcoin price. So it reopens this long-set legal principle that currency or currency units are all equal.
service which i wanted to top up blocked my account.
The solution is simple: don't use services that tell you your Bitcoin is different than another Bitcoin.
tainted btc
What's that? Are you saying Bitcoin isn't fungible?
I mean they sent dirty btc which involved in money laundering.
What I meant is: there is no "dirty" Bitcoin. A Bitcoin is a Bitcoin. You shouldn't let anyone tell you some Bitcoins have lower value than other Bitcoins.
BestChange's stance:
@rokuen
Thank you for the signal, we will certainly investigate the matter to find out all the details and if necessary, will take measures to prevent this in the future. The exchanger you named is one of the largest on over-the-counter and such appeals are the matter of exception.
In any case, your situation requires our involvement. We will certainly get in touch with the service representatives to find out the technical details of your transaction and offer them to change the counterparty, if necessary, if they use some compromised custodial service to store bitcoin.
Please send us the transaction address and, if possible, the order number in this service, so that we could check the information in blockchain and request the details from netex24.
BestChange supports the (crazy) idea that 1
BTC≠1
BTC, which is a huge threat to Bitcoin and it's users.