Re: How wide reaching can the consequences of Chipmixer money laundering be?
I'm already on a list. So I'm not scared of anyone.
Do you think, we would advertise a service that is only used by criminals and money launderers? I mean, that is the go-to excuse used by everyone.
Chipmixer distributed about ~300 BTC and then some (since the $300 cap was introduced) via signature campaigns during its operation, which is a small fraction of the "$3 billion money laundering" the reports like to talk about. It had an average value of (you guessed it) $300 * 55 * 383 weeks = about $6.3 million dollars at the time each of the payments were made, or $100K for each person.
The actual total is much less than that since the campaign had a few hundred users over the past 6 years and most people did not get the maximum $300 p/w (it was more like $150 on average). So the average person who stays in the campaign makes just $7,800 a year. This is a far cry from even the seized 1,909BTC. In fact it's not even 1BTC so it makes no sense for the feds to bother with such a small (to them) sum.
The other thing is how are you going to extort all these people (such as me) to pay up? Please don't tell me they will hire Lauda to do that
they can't do anything, because they can't serve 300+ users all living in 50+ jurisdictions, and good luck serving users who have vanished such as figmentofmyass and yogg.
We advertised a service that was good for the people who wanted to protect their privacy. We, like other sane people, do not support and strongly condemn immoral uses of mixers.
You should watch "Coded Bias" on Netflix. It's about AI, but you can still get Big Brother ideas out of it.
Do you think, we would advertise a service that is only used by criminals and money launderers? I mean, that is the go-to excuse used by everyone.
Chipmixer distributed about ~300 BTC and then some (since the $300 cap was introduced) via signature campaigns during its operation, which is a small fraction of the "$3 billion money laundering" the reports like to talk about. It had an average value of (you guessed it) $300 * 55 * 383 weeks = about $6.3 million dollars at the time each of the payments were made, or $100K for each person.
The actual total is much less than that since the campaign had a few hundred users over the past 6 years and most people did not get the maximum $300 p/w (it was more like $150 on average). So the average person who stays in the campaign makes just $7,800 a year. This is a far cry from even the seized 1,909BTC. In fact it's not even 1BTC so it makes no sense for the feds to bother with such a small (to them) sum.
The other thing is how are you going to extort all these people (such as me) to pay up? Please don't tell me they will hire Lauda to do that
they can't do anything, because they can't serve 300+ users all living in 50+ jurisdictions, and good luck serving users who have vanished such as figmentofmyass and yogg. We advertised a service that was good for the people who wanted to protect their privacy. We, like other sane people, do not support and strongly condemn immoral uses of mixers.
You should watch "Coded Bias" on Netflix. It's about AI, but you can still get Big Brother ideas out of it.