Post
Topic
Board Service Discussion
Re: [Blacklist] of unreliable, 'taint proclaiming' Bitcoin services / exchanges
by
tadamichi
on 25/07/2022, 15:21:13 UTC
In my opinion, it's fine if a business doesn't want funds that come straight from an online casino for example, as long as they don't call a coin 'forever tainted' if it once came from such a casino.
But then the casino could do the same and just transfer their funds to a new wallet and then use them again. Just trying to taint a coin for whatever reason creates a whole lot of unnecessary problems.
I think what n0nce meant is: It's okay for a business to not want to be included into illicit activity and fight it, but that should happen as long as they don't invade in people's privacy and enforce non-effective tactics that do more harm than good, if they do any good at all.

Unfortunately for businesses that accept bitcoin, there's no way to try to prevent criminal activity, without harming their customers, because there's no way to do in cash either way. Ultimately, there's no way for these businesses to prevent that criminal activity.
Yup definitely. Im just trying to make a case for, that if we look at all these measures in a result oriented way, we gotta acknowledge that they don’t achieve anything they’re trying to achieve. Not even something simple as blocking a casino really works, without affecting innocent users. In the end casino money will still reach the service, so nothing was prevented. So why have it in the first place. There’s many good reasons to try to fight illicit activity and it might not even always be ill-intended by businesses. But we have more and more consequences creeping in, without even having solved anything.

There can also be many different views and one person might be ok with something that someone else isn’t, but everyone who uses Bitcoin has certain goals that are aligned with each other. We want Bitcoin to succeed, we want the freedom to transact. Businesses don’t wanna get crushed by regulators and Bitcoiners want businesses to adopt Bitcoin. I think if we agree to one strategy here, that is no coin taint at all(is probably the most efficient solution), then we can achieve our goals much easier and withstand much more pressure together. If Businesses keep going against their customers and get more and pressure from regulators, it will be much easier to crush them. And it makes it harder for Bitcoiners to use Bitcoin. So im thinking that maybe we could use one clear shared strategy in this case, even when there’s differing opinions.